Techera Engineering India Ltd Management Discussions

Techera Engineering (India) Limited ("Techera") is consciously aligning its strategy to cement its position as a leading engineering partner for aerospace and MRO (Maintenance, Repair, and Overhaul) solutions, both within India and globally. Our core purpose, as articulated by management, is "to elevate our nations aviation capabilities by delivering world-class experience." (Investor Presentation, May 2025)

The company has identified aerospace and MRO as principal growth levers, leveraging advanced design, manufacturing, and quality systems to cater to complex, high-value programs in both commercial and defence aviation.

FY 2024–25 was a watershed year for Techera, marked by substantial capital investment and capacity expansion. The company doubled its manufacturing capacity, driven by the commissioning of a new 6.2m, 5-axis KEN high-precision machine-one of the first of its kind in India for a company of our size-and scaled up operations across three manufacturing plants now spanning over 90,000 sq.ft.

Further, Techera established a climate-controlled, cleanroom environment and bolstered its in-house quality labs with advanced coordinate measuring machines (CMMs), laser trackers, and surface testers. These investments ensure compliance with the stringent requirements of aerospace and international OEMs, positioning Techera as a trusted partner for mission-critical machining, assembly, and tool supply.

Techera is embedded across the full lifecycle of aerospace programs-ranging from part manufacturing to assembly tooling and ground support equipment. The companys portfolio now supports major Indian and global aircraft platforms, including commercial aviation, IAF Tejas, Rafael, and emerging programs like the H125 helicopter assembly.

As highlighted in the conference call:

The establishment of the TechEra Design Centre as a specialised subsidiary has enabled the delivery of design-led, integrated solutions, allowing the company to provide "concept-to-commissioning" support for aerospace customers. The Design Centre also targets external design opportunities and offers advanced digitisation and engineering services, complementing TechEras core manufacturing strengths and accelerating project timelines.

Techera has also been recognised by the Ministry of Defence, being specially chosen for the India Pavilion at the Defence Expo 2025; our work was showcased to the Raksha Mantri in an official outreach.

MRO forms a key pillar of TechEras business, underpinned by the companys unique capacity to deliver custom tooling solutions for engine and airframe overhauls. Techera manufactures toolsets required for assembly and assembly of complex aircraft engines-including those from Rolls-Royce-addressing both civilian and defence MRO needs.

The business is increasingly strategic, with rapidly growing demand fuelled by Indias expanding aircraft fleet, new airport development, and the governments "Atmanirbhar" drive. According to management, the domestic MRO tooling market is already in the ?2,000–2,500 crore range and poised for further acceleration as global and domestic OEMs set up assembly and MRO hubs in India.

TechEras investment in large-format, 5-axis machining further enhances its ability to serve intricate MRO assignments for both power plant (engine) and airframe requirements.

To ensure depth and flexibility, Techera incorporated two new subsidiaries in 2025:

The group also expanded into adjacent domains through a 26.02% equity investment in Kalbhorz Electric Private Limited (specialists in aerospace and defence-related motors and actuation systems), signalling a commitment to integrated, multi-disciplinary solutions in high-growth segments.

Techera has initiated process innovation projects, with steps toward lean manufacturing, IoT-based process monitoring, and AI integration. These are designed to enhance throughput, reduce waste, and drive consistent excellence across the production cycle.

Participation in global forums-notably the Paris Air Show-underscores Techeras intent to align with international standards and capture new export opportunities, having already achieved initial traction in Europe, Southeast Asia, and the US.

The company exited FY25 with a substantial order book year-on-year, with projects spanning three months to several years, and maintains healthy plant utilisation across shifts. Aerospace accounted for approximately 70–75% of revenues in FY25, and management expects robust growth to persist, supported by increased capacity, improved technological capabilities, and ongoing government/private sector investments in Indian aviation.