Karamtara

Mumbai, India Founded: 1996 • Age: 30 yrs Listed
Integrated products for renewable energy and transmission lines are manufactured.

About Karamtara

Karamtara is a publicly listed company based in Mumbai (India) founded in 1996. Integrated products for renewable energy and transmission lines are manufactured. Karamtara has raised $43.63 million across 2 funding rounds from investors including Amara Partners, Mini Ventures and Singularity Ventures AMC. The company has 125 employees. Its chief executive, as recorded, is Sunil Rustagi. Its Indian entity Karamtara Engineering Limited reported revenue of β‚Ή4,316 Cr. Karamtara offers products and services including Solar Module Mounting Structures, Solar Torque Tubes, Tracker Piles and Piers, Wind Towers, and Transmission Line Towers. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment.

Company details

Karamtara was founded in 1996 and is based in Mumbai, India. Operations focus on the renewable energy and transmission lines sectors, with manufacturing encompassing module mounting structures, tracker piles, torque tubes for solar applications, stamped components for trackers, wind towers, telecom towers, hot-rolled steel profiles, fasteners, and overhead line hardware fittings. A diverse range of steel-based products is produced to support infrastructure needs in these industries.

  • Headquarters Mumbai, India
  • Employees 125
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website karamtara.com
  • Social LinkedIn
  • Legal Name Karamtara Engineering Limited
Key Metrics
  • Market Cap
    ₹11,698 Cr

    KARAMTARA · NSE

  • Share Price
    ₹350.20

    -3.66% today

  • Revenue
    ₹4,312 Cr

    FY 2025-26 · +36.5% YoY

  • EBITDA
    ₹498 Cr

    Margin 11.6%

  • Net Profit
    ₹229 Cr

    FY 2025-26 · +74.6% YoY

  • P/E (TTM)
    50.4x

    P/B 6.1x

  • ROE
    20.8%

    ROCE 22.2%

  • Debt / Equity
    0.76

    Interest cover 31.4x

  • Total Equity Funding
    $43.63M (USD)

    in 2 rounds

  • Latest Funding Round
    $7.87M (USD), Series C

    Jul 2026

  • Investors
  • Employee Count
    125

Products & Services of Karamtara

Karamtara offers a comprehensive portfolio of products and services, including Solar Module Mounting Structures, Solar Torque Tubes, Tracker Piles and Piers, Wind Towers, and Transmission Line Towers.

Solar Module Mounting Structures
Renewable Energy

Structures for mounting solar panels in energy systems.

Solar Torque Tubes
Renewable Energy

Tubes for solar tracker mechanisms.

Tracker Piles and Piers
Renewable Energy

Foundations for solar tracking systems.

Wind Towers
Renewable Energy

Towers supporting wind turbines.

Transmission Line Towers
Power Infrastructure

Towers for electricity transmission networks.

Fasteners
Hardware Components

Hardware for securing energy structures.

Hardware Fittings and Accessories
Power Infrastructure

Accessories for transmission line systems.

Funding Insights of Karamtara

Karamtara has successfully raised a total of $43.63M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $7.87 million completed in July 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $43.63M
  • Total Rounds 2
  • Last Round Series C β€” $7.87M
  • First Round $35.76M

    (Jan 2025)

  • Investors Count 5

All 2 funding rounds of Karamtara with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2026$7.87MSeries C–Amara Partners
–
Jan 2025$35.76MSeries C–Mini Ventures
Valuation history

5 investors in total: 5 institutional.

Investors in Karamtara

Karamtara has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Amara Partners, Mini Ventures and Singularity Ventures AMC.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
amarapt.com
miniventures.co
singularityamc.com
anantacapital.in
axismf.com
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Investor details for Karamtara

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Board of directors of Karamtara Engineering Limited (Karamtara)

Karamtara Engineering Limited is the primary company behind Karamtara. The boards of the 4 registered companies of Karamtara currently have 10 directors; the longest-serving is Tanveer Singh, appointed in 1996. 16 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Tanveer Singh
DIN 01689287
Managing Director08 May 199630 yrs 5 moKaramtara Engineering Limited, Karamtara Financial Services Private Limited, Karamtara Agrotech Private Limited, Karamtara Reality Private Limited
Rajiv Singh
DIN 01689209
Managing Director15 May 199630 yrs 5 moKaramtara Engineering Limited, Karamtara Financial Services Private Limited, Karamtara Agrotech Private Limited, Karamtara Reality Private Limited
Sonal Singh
DIN 01277322
Director15 Mar 201016 yrs 7 moKaramtara Agrotech Private Limited
Shreyans Jitendra Shah
DIN 01649714
Whole-time director02 Sep 201313 yrs 1 moKaramtara Engineering Limited
Sunil Rustagi
DIN 00101848
CEO03 Oct 20242 yrsKaramtara Engineering Limited
Sanjay Khare
DIN 07260091
Company Secretary09 Dec 20241 yr 10 moKaramtara Engineering Limited
Shailesh Kumar Mishra
DIN 08068256
Director10 Jan 20251 yr 9 moKaramtara Engineering Limited
Irina Garg
DIN 10732703
Director10 Jan 20251 yr 9 moKaramtara Engineering Limited
Avnish Bajaj
DIN 00281547
Director10 Jan 20251 yr 9 moKaramtara Engineering Limited
Tilokchand Punamchand Ostwal
DIN 00821268
Director10 Jan 20251 yr 9 moKaramtara Engineering Limited

People of Karamtara

20 people are tracked at Karamtara (12 in leadership, 1 in board & advisors, 7 in team); the tracked headcount is 125.

NameRoleGroup
Managing DirectorLeadership
Chairman & Managing DirectorLeadership
Director & CEOLeadership
DirectorLeadership
Vipin Gupta
Chief Manager Projects Transmission LineLeadership
Vice Chairman & Managing DirectorLeadership
Devendra Singh
Head Of CommercialLeadership
Vijay Sachdev
Head for Transmission Line Hardware Fittings & Accessories BusinessLeadership
R.L. Keshwani
Head of Business Development, AmericasLeadership
Parminder Kumar Vashisht
Assitant General ManagerLeadership
Parminder Singh
General ManagerLeadership
Uday Tripathi
General Manager IT & ERPLeadership
H. M. Singh
ChairmanBoard & advisors
Jignesh Aasara
IT ManagerTeam
Aarti Thakur
Senior Sales Marketing ExecutiveTeam
Ashish Shrivastava
Manager - Training And Manufacturing ExcellenceTeam
Prathama Chatur
Senior EngineerTeam
Priyanka Raut
Senior ExecutiveTeam
Mahesh Tikadiya
ManagerTeam
Parth Sharma
Senior Manager Sales And MarketingTeam
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Complete people profiles for Karamtara

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IPO & Listings of Karamtara

Karamtara is a publicly listed company on the NSE with ticker symbol KARAMTARA in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date17 Sep 2026
  • Listed onNSE: KARAMTARA
  • Listed entityKaramtara Engineering Limited
  • Exchange sectorElectronic technology
  • ISININE590T01012
  • Share price₹381.50 (+2.65% on the day) · 2026-10-14
  • Market capitalisation₹11,975 Cr
  • Volume (last session)672,361

Financials of Karamtara

Exchange-reported figures of Karamtara Engineering Limited, the listed company behind Karamtara (NSE: KARAMTARA).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹4,312 Cr
+36.5% YoY
EBITDA
₹498 Cr
+43.6% YoY
Profit After Tax
₹229 Cr
+74.6% YoY
Net Worth
₹1,220 Cr
+24.1% YoY
Total Assets
₹2,512 Cr
+62.1% YoY
Total Debt
₹1,105 Cr
+97.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue4,3123,1582,4251,6001,2451,046
Revenue growth+36.5%+30.2%+51.5%+28.6%+19.0%-
EBITDA498347263154130116
EBITDA margin+11.6%+11.0%+10.8%+9.6%+10.4%+11.1%
Profit before tax31118813746.6022.9218.07
Net profit22913110343.0912.8010.49
Net profit margin+5.3%+4.2%+4.3%+2.7%+1.0%+1.0%
EPS (β‚Ή)7.834.77185.5276.5622.8618.98
Balance sheet
Total assets2,5121,5501,126920923919
Net worth1,220983553451409396
Total debt1,105559509328429479
Cash & bank14362.7442.4333.4027.9831.77
Net working capital658645485367404419
Cash flow
Cash from operations67510340.02241182(30.97)
Cash from investing(959)(276)(124)(61.05)(55.98)(18.38)
Cash from financing32819588.05(180)(129)57.06
ParticularsJun 2026Mar 2026Jun 2025
Revenue1,5811,257918
Revenue growth (YoY)+72.3%--
Other income3.841.571.29
EBITDA174106120
EBITDA margin+11.0%+8.4%+13.1%
Depreciation19.5815.479.62
Interest41.2540.6630.26
Profit before tax11751.2081.16
Tax29.3813.0521.04
Net profit87.3838.1560.12
EPS (β‚Ή)2.991.312.06
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue4,2173,1092,4031,5771,3051,111
Revenue growth+35.7%+29.4%+52.4%+20.9%+17.4%-
EBITDA43634025914991.6879.18
EBITDA margin+10.3%+10.9%+10.8%+9.5%+7.0%+7.1%
Profit before tax25418213544.2425.4415.74
Net profit18912710141.4115.959.18
Net profit margin+4.5%+4.1%+4.2%+2.6%+1.2%+0.8%
EPS (β‚Ή)6.474.62182.0673.5428.5016.61
Balance sheet
Total assets-1,5321,104899901893
Net worth-973548497406390
Total debt-554497264413462
Cash & bank-36.9539.2711.2724.4927.30
Net working capital-646476357396406
Cash flow
Cash from operations-89.6435.99233121(10.53)
Cash from investing-(292)(123)(53.43)(49.59)(28.51)
Cash from financing-20491.62(179)(74.47)43.86
ParticularsJun 2026Mar 2026Jun 2025
Revenue1,5221,231914
Revenue growth (YoY)+66.5%--
Other income19.752.201.77
Total expenses1,3741,148803
EBITDA14882.84111
EBITDA margin+9.7%+6.7%+12.1%
Depreciation18.9515.039.33
Interest40.6740.1829.91
Profit before tax10829.8373.30
Tax22.516.9018.81

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Jun 2025
Revenue1,5811,257918
Revenue growth (YoY)+72.3%--
Other income3.841.571.29
EBITDA174106120
EBITDA margin+11.0%+8.4%+13.1%
Depreciation19.5815.479.62
Interest41.2540.6630.26
Profit before tax11751.2081.16
Tax29.3813.0521.04
Net profit87.3838.1560.12
EPS (β‚Ή)2.991.312.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue4,3123,1582,4251,6001,2451,046
Revenue growth+36.5%+30.2%+51.5%+28.6%+19.0%-
Other income4.386.911.970.771.8715.95
Total expenses3,8142,8122,1621,4471,115930
Employee cost18813510481.3175.3275.26
EBITDA498347263154130116
EBITDA margin+11.6%+11.0%+10.8%+9.6%+10.4%+11.1%
Depreciation50.7637.7034.6131.8731.1532.15
Interest14112892.8575.9177.6082.11
Profit before tax31118813746.6022.9218.07
Tax82.4548.9434.794.2410.287.57
Net profit22913110343.0912.8010.49
Net profit margin+5.3%+4.2%+4.3%+2.7%+1.0%+1.0%
EPS (β‚Ή)7.834.77185.5276.5622.8618.98
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital2922925.535.535.535.53
Reserves & surplus928691548445404390
Shareholders' funds (net worth)1,220983553451409396
Minority interest0.000.000.000.000.000.00
Secured loans1,126538431246344412
Unsecured loans(20.85)20.5277.7181.6984.1066.89
Total debt1,105559509328429479
Total liabilities2,5121,5501,126920923919
Assets
Gross block1,558938913814740728
Net block1,238648621548499508
Capital work in progress48519616.9916.0640.219.86
Investments9.404.300.650.610.610.59
Inventories572692529530550499
Sundry debtors1,316935569317298261
Cash & bank balances14362.7442.4333.4027.9831.77
Loans & advances21913835.9373.62113114
Total current assets2,2501,8271,175954988906
Total current liabilities1,5921,182690587584487
Net working capital658645485367404419
Total assets2,5121,5501,126920923919
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash30.839.885.595.929.7024.06
Net cash from operating activities67510340.02241182(30.97)
Net cash from investing activities(959)(276)(124)(61.05)(55.98)(18.38)
Net cash from financing activities32819588.05(180)(129)57.06
Net change in cash44.0220.954.28(0.33)(3.78)7.71
Closing cash14362.7442.4333.4027.9831.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+36.5%+30.2%+51.5%+28.6%+19.0%-
EBITDA growth+43.6%+31.9%+71.2%+18.3%+11.5%-
PBT growth+65.3%+37.0%+194.9%+103.3%+26.8%+9997.0%
Net income growth+74.6%+27.3%+139.6%+236.6%+22.0%-
Revenue CAGR (3Y)+39.2%+36.4%+32.4%---
EBITDA CAGR (3Y)+48.0%+38.8%+31.2%---
Profitability & leverage
Net income margin+5.3%+4.4%+4.2%+2.7%+1.0%+1.0%
Return on capital employed+22.3%+23.6%+22.5%+13.3%+10.9%+11.3%
Return on net worth+20.8%+18.2%+20.5%+9.9%+3.2%+2.7%
Debt / equity0.760.700.830.881.131.14
Long-term debt / equity0.400.240.270.300.380.39
Interest cover31.4141.3340.6762.3578.6697.48
Efficiency & per share
Fixed asset turnover3.463.412.812.061.701.47
Inventory turnover6.835.184.582.962.372.09
Debtors turnover3.834.205.485.214.454.74
EPS (β‚Ή)7.834.77185.5276.5622.8618.98
Dividend per share (β‚Ή)0.000.000.000.000.000.00
Book value per share (β‚Ή)41.7233.62999.31813.66738.92714.05
ParticularsJun 2026Mar 2026Jun 2025
Revenue1,5221,231914
Revenue growth (YoY)+66.5%--
Other income19.752.201.77
Total expenses1,3741,148803
EBITDA14882.84111
EBITDA margin+9.7%+6.7%+12.1%
Depreciation18.9515.039.33
Interest40.6740.1829.91
Profit before tax10829.8373.30
Tax22.516.9018.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue4,2173,1092,4031,5771,3051,111
Revenue growth+35.7%+29.4%+52.4%+20.9%+17.4%-
Other income6.827.221.500.236.0414.36
Total expenses3,7812,7692,1441,4271,2131,032
Employee cost0.0012092.7874.3365.1863.78
EBITDA43634025914991.6879.18
EBITDA margin+10.3%+10.9%+10.8%+9.5%+7.0%+7.1%
Depreciation49.6437.1034.0130.7729.9530.98
Interest13912891.5474.5142.3346.82
Profit before tax25418213544.2425.4415.74
Tax64.8746.8634.483.569.676.54
Net profit18912710141.4115.959.18
Net profit margin+4.5%+4.1%+4.2%+2.6%+1.2%+0.8%
EPS (β‚Ή)6.474.62182.0673.5428.5016.61
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital-2925.535.535.535.53
Reserves & surplus-681542441401384
Shareholders' funds (net worth)-973548497406390
Secured loans-491432246406447
Unsecured loans-63.0864.2517.577.0814.52
Total debt-554497264413462
Total liabilities-1,5321,104899901893
Assets
Gross block-903877783711699
Net block-635608536487496
Capital work in progress-19416.9916.0640.219.86
Investments-5.650.880.840.830.82
Inventories-675508510532481
Sundry debtors-932568315296260
Cash & bank balances-36.9539.2711.2724.4927.30
Loans & advances-16746.20103122119
Total current assets-1,8111,162939974887
Total current liabilities-1,166686583578481
Net working capital-646476357396406
Total assets-1,5321,104899901893
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash-6.722.341.8227.3022.48
Net cash from operating activities-89.6435.99233121(10.53)
Net cash from investing activities-(292)(123)(53.43)(49.59)(28.51)
Net cash from financing activities-20491.62(179)(74.47)43.86
Net change in cash-1.984.380.52(2.82)4.82
Closing cash-36.9539.2711.2724.4927.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+35.7%+29.4%+52.4%+20.9%+17.4%-
EBITDA growth+28.4%+31.0%+73.7%+62.8%+15.8%-
PBT growth+39.8%+34.5%+205.6%+73.9%+61.6%+9997.0%
Net income growth+49.0%+25.4%+144.7%+159.6%+73.8%-
Revenue CAGR (3Y)+38.8%+33.6%+29.3%---
EBITDA CAGR (3Y)+43.0%+54.7%+48.5%---
Profitability & leverage
Net income margin+4.5%+4.3%+4.2%+2.6%+1.2%+0.8%
Return on capital employed-+23.5%+22.6%+13.2%+7.6%+7.2%
Return on net worth-+17.7%+19.3%+9.0%+4.0%+2.4%
Debt / equity-0.690.730.751.101.13
Long-term debt / equity-0.240.210.230.380.40
Interest cover36.0142.2840.6462.8768.5797.14
Efficiency & per share
Fixed asset turnover-3.492.902.111.851.62
Inventory turnover-5.254.723.032.582.31
Debtors turnover-4.145.445.164.694.89
EPS (β‚Ή)6.474.62182.0673.5428.5016.61
Dividend per share (β‚Ή)0.000.000.000.000.000.00
Book value per share (β‚Ή)0.0033.30990.00807.62734.25704.64

Timeline of Karamtara

4 dated milestones of Karamtara across 30 years, from founding to its latest funding, stage changes and deals.

  1. Founded Karamtara is founded.
  2. Funding First funding round of $35.8M.
  3. Funding Latest funding round, Series C, of $7.9M.
  4. IPO Lists on the stock exchange (IPO).

Web traffic of Karamtara

The website of Karamtara (karamtara.com) receives about 7.3K visits a month.

  • Monthly visits
    7.3K

    ▼ 15.4% vs previous month

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Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as Karamtara (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Hybrid renewable energy solutions are provided for rural communities.
2008Patna, Bihar, IndiaUSD 73.99 MUSD 3.46 M294
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Frequently Asked Questions about Karamtara

Karamtara was founded in 1996 and raised its 1st funding round 29 years after it was founded.

Karamtara is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Sunil Rustagi is the CEO of Karamtara, as recorded in our data.

Karamtara is a funded company, having raised a total of $43.63M across 2 funding rounds to date. The company's 1st funding round was a Series C of $35.76M, raised on Jan 2025.

Karamtara has 125 employees.

The primary company behind Karamtara, Karamtara Engineering Limited, reported revenue of β‚Ή4,316 Cr for FY 2026, up 37% year on year.

Karamtara was founded in 1996 and is based in Mumbai, India. Operations focus on the renewable energy and transmission lines sectors, with manufacturing encompassing module mounting structures, tracker piles, torque tubes for solar applications, stamped components for trackers, wind towers, telecom towers, hot-rolled steel profiles, fasteners, and overhead line hardware fittings. A diverse range of steel-based products is produced to support infrastructure needs in these industries.

Karamtara offers Solar Module Mounting Structures, Solar Torque Tubes, Tracker Piles and Piers, Wind Towers, and 3 more products and services.

Yes, Karamtara is publicly traded on NSE under the ticker symbol KARAMTARA.

Karamtara has 5 investors. Key investors include Amara Partners, Mini Ventures, Singularity Ventures AMC, Ananta Capital, and Axis Mutual Fund.

Karamtara is associated with 4 legal entities: Karamtara Engineering Limited, Karamtara Financial Services Private Limited, Karamtara Agrotech Private Limited and others.

The legal entities of Karamtara currently have 12 directors, including Sanjay Khare, Shreyans Jitendra Shah, Sunil Rustagi and others.

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