Titagarh Rail Systems Limited

BSE: 532966 NSE: TITAGARH
Titagarh Rail Systems Limited - transport and logistics in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L27320WB1997PLC084819 Incorporated 03 July 1997 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - NSE: TITAGARH · BSE: 532966 Public Limited Company transport and logistics Nifty 500
Data last updated
Market Cap
₹9,460 Cr
TITAGARH · NSE
Share Price
₹702.45
+0.43% today
Revenue
₹3,186 Cr
FY 2025-26 · -17.6% YoY
EBITDA
₹266 Cr
Margin 8.3%
Net Profit
₹160 Cr
FY 2025-26 · -42.2% YoY
P/E (TTM)
47.0x
P/B 3.8x
Authorised capital
₹385.1 Cr
Registered with MCA
Paid-up capital
₹26.93 Cr
Issued & subscribed

About Titagarh Rail Systems Limited

Data last updated:

Titagarh Rail Systems Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the railway equipment and supply segment of the transport and logistics sector. It was incorporated on 03 July 1997 and has been in existence for over 29 years.

Titagarh Rail Systems is part of the Nifty 500 and BSE 500 indices. Its director Jagdish Prasad Chowdhary is #561 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L27320WB1997PLC084819. Its GSTIN is 19AABCT1377P1ZQ (West Bengal). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 532966 and NSE: TITAGARH.

The company has an authorised share capital of ₹385.1 Cr and a paid-up capital of ₹26.93 Cr. It is led by directors including Umesh Chowdhary (Managing Director) and Jagdish Prasad Chowdhary (Managing Director).

Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Poddar Point 10th Floor 113 Park Street Kolkata – 700016, West Bengal, India – 700016.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,185.82 Cr, a decline of 17.6% compared to the previous year. For the same year it recorded a net profit of ₹159.8 Cr (net margin 5%) and EBITDA of ₹266.07 Cr (EBITDA margin 8.4%). The net worth stands at ₹2,455.76 Cr (up 7% YoY). Total assets are valued at ₹3,197.47 Cr (up 7.7% YoY).

The company has about 796 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.

The company is associated with 1 brand: Titagarh Rail Systems. As per MCA filings, the company has open charges of ₹6,703.93 Cr and satisfied charges of ₹7,305.2 Cr on record. Court records list 53 cases involving the company, including 45 filed by the company and 8 filed against it; 24 cases are pending. The company has 99 deals on record (89 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹426.08 Cr; the latest was in May 2026. The company has 7 MSME Form 1 returns on record between 2020 and 2023, listing 179 overdue payments to 35 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website titagarh.in.

Company details

CIN L27320WB1997PLC084819
Registration Number 084819
Incorporation Date 03 July 1997
ROC Kolkata
Listing Status Listed - Listed on NSE (TITAGARH); Listed on BSE (532966)
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN history

Titagarh Rail Systems has one previous CIN (Corporate Identification Number): U27320WB1997PLC084819. The current CIN is L27320WB1997PLC084819, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27320WB1997PLC084819Current
U27320WB1997PLC084819Previous
Key People
Umesh Chowdhary Managing Director Jagdish Prasad Chowdhary Managing Director Anil Kumar Agarwal Whole-Time Director

Recognitions & Rankings of Titagarh Rail Systems

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#345
Valuation
₹16,350 Cr
2023 #397
Stock market indices
Nifty 500 BSE 500

Contact details

Titagarh Rail Systems Limited's registered office is in Kolkata, West Bengal. Its website is titagarh.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    titagarh.in
  • Social Media
  • Registered Address
    Poddar Point 10th Floor 113 Park Street Kolkata – 700016, West Bengal, India – 700016
  • Industry
    Transport and Logistics, Railway Equipment & Supply, Shipbuilding & Repair Services

To see the full contact details of Titagarh Rail Systems Limited, buy the company report.

Comprehensive company report
Titagarh Rail Systems Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Titagarh Rail Systems operates one associated brand: Titagarh Rail Systems. Each brand links to its own profile.

BrandDescriptionWebsite
Titagarh Rail Systems
Freight wagons are manufactured by Titagarh in India.titagarh.in

Business activity

The main business activity of Titagarh Rail Systems is manufacturing. In detail, this covers manufacture of other non-metallic mineral products and plastic products, non-metallic mineral products, rubber products, fabricated metal products. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing23Manufacture of other non-metallic mineral products
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Titagarh Rail Systems Limited, buy the company report.

Financials of Titagarh Rail Systems Limited

FY 2025-26 filings available

Titagarh Rail Systems Limited reported revenue of ₹3,185.82 Cr (down 17.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,186 Cr
-17.6% YoY
EBITDA
₹266 Cr
-34.9% YoY
Profit After Tax
₹160 Cr
-42.1% YoY
Net Worth
₹2,456 Cr
+7.0% YoY
Total Assets
₹3,197 Cr
+7.7% YoY
Total Debt
₹623 Cr
-0.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,1863,8683,8532,7801,4681,5211,766
Revenue growth-17.6%+0.4%+38.6%+89.4%-3.5%-13.9%-
EBITDA26640944724286.4380.6426.74
EBITDA margin+8.4%+10.6%+11.6%+8.7%+5.9%+5.3%+1.5%
Profit before tax19438238618128.51(5.57)(56.64)
Net profit160276288130(0.24)(15.61)(36.74)
Net profit margin+5.0%+7.1%+7.5%+4.7%-0.0%-1.0%-2.1%
EPS (₹)9.1120.5321.2510.89(0.03)(1.26)(2.96)
Balance sheet
Total assets3,1972,9702,5101,3491,7651,8661,723
Net worth2,4562,2952,218964842841767
Total debt623627166353920847730
Cash & bank31746760999.9842.0612456.06
Net working capital1,3411,4371,291456603809696
Cash flow
Cash from operations322(97.40)85.7940.9254.5967.69154
Cash from investing(134)(579)(537)(61.00)(72.62)(60.19)3.67
Cash from financing(51.68)37272466.53(52.71)43.22(227)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7658758327996791,0069021,057
Revenue growth (YoY)+12.6%-12.9%-7.8%-24.4%-24.8%---
Other income6.6413.5110.7814.4411.6529.8622.8910.72
EBITDA94.2892.2480.0373.5163.52(140)93.50125
EBITDA margin+12.3%+10.5%+9.6%+9.2%+9.4%-13.9%+10.4%+11.8%
Depreciation14.9614.2012.5312.4211.928.436.367.65
Interest15.1016.8817.7918.2517.8422.0621.1017.47
Profit before tax70.8674.6760.4957.2845.41(140)88.93111
Tax18.2821.1715.2120.2814.47(16.31)26.1629.89
Net profit52.5853.5045.2837.0030.94(124)62.7780.69
EPS (₹)3.843.973.582.732.30(9.18)4.665.99
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,1443,7473,8532,7811,4961,0261,484
Revenue growth-16.1%-2.8%+38.6%+85.9%+45.8%-30.9%-
EBITDA291168452215120119(32.48)
EBITDA margin+9.3%+4.5%+11.7%+7.7%+8.1%+11.6%-2.2%
Profit before tax22414139715962.7464.49(98.51)
Net profit18824729713357.4446.4178.86
Net profit margin+6.0%+6.6%+7.7%+4.8%+3.8%+4.5%+5.3%
EPS (₹)11.195.7222.058.642.804.21(6.91)
Balance sheet
Total assets3,2122,9802,5201,3491,0711,1551,176
Net worth2,4832,2932,228963870872816
Total debt612627166353198104212
Cash & bank29545960785.3739.4392.2737.39
Net working capital1,2321,3271,285442241345395
Cash flow
Cash from operations311(101)92.8061.9734.94226296
Cash from investing(126)(581)(531)(77.47)(58.62)(38.95)(143)
Cash from financing(50.98)37372449.96(22.05)(147)(145)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7358598237886749989021,049
Revenue growth (YoY)+9.1%-14.0%-8.8%-24.8%-25.4%---
Other income6.3117.5710.7114.4511.6429.7622.4810.72
Total expenses6417557417045991,161802919
EBITDA94.0210481.6684.1574.99(163)100129
EBITDA margin+12.8%+12.1%+9.9%+10.7%+11.1%-16.3%+11.1%+12.3%
Depreciation14.8614.1012.1912.2211.718.176.357.47
Interest15.0916.7817.4918.2717.8322.0521.1017.47
Profit before tax70.3890.5062.6968.1157.09(163)95.10115
Tax18.3922.4816.0920.8214.34(15.14)26.1630.09

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7658758327996791,0069021,057
Revenue growth (YoY)+12.6%-12.9%-7.8%-24.4%-24.8%---
Other income6.6413.5110.7814.4411.6529.8622.8910.72
EBITDA94.2892.2480.0373.5163.52(140)93.50125
EBITDA margin+12.3%+10.5%+9.6%+9.2%+9.4%-13.9%+10.4%+11.8%
Depreciation14.9614.2012.5312.4211.928.436.367.65
Interest15.1016.8817.7918.2517.8422.0621.1017.47
Profit before tax70.8674.6760.4957.2845.41(140)88.93111
Tax18.2821.1715.2120.2814.47(16.31)26.1629.89
Net profit52.5853.5045.2837.0030.94(124)62.7780.69
EPS (₹)3.843.973.582.732.30(9.18)4.665.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,1863,8683,8532,7801,4681,5211,766
Revenue growth-17.6%+0.4%+38.6%+89.4%-3.5%-13.9%-
Other income49.7175.3539.8142.5817.7324.8634.02
Total expenses2,9203,4593,4062,5381,3811,4401,740
Employee cost0.0086.8966.2956.5345.42211152
EBITDA26640944724286.4380.6426.74
EBITDA margin+8.4%+10.6%+11.6%+8.7%+5.9%+5.3%+1.5%
Depreciation51.0729.5827.1022.5018.3829.8729.13
Interest70.7773.1573.4580.7557.2781.2088.27
Profit before tax19438238618128.51(5.57)(56.64)
Tax71.1210710055.4729.1913.21(20.51)
Net profit160276288130(0.24)(15.61)(36.74)
Net profit margin+5.0%+7.1%+7.5%+4.7%-0.0%-1.0%-2.1%
EPS (₹)9.1120.5321.2510.89(0.03)(1.26)(2.96)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital26.9326.9326.9323.9123.9123.8823.12
Reserves & surplus2,3792,2682,191940818812743
Shareholders' funds (net worth)2,4562,2952,218964842841767
Minority interest1.021.180.000.000.140.0078.87
Secured loans52252966.26249756743730
Unsecured loans10197.6799.461041641040.00
Total debt623627166353920847730
Total liabilities3,1972,9702,5101,3491,7651,8661,723
Assets
Gross block1,5171,1849138691,1871,0621,038
Net block1,274992748732966871872
Capital work in progress19212217412.2861.1141.320.00
Investments27922519831.8030.1531.2828.88
Inventories588523524461504385376
Sundry debtors630671533279233567252
Cash & bank balances31746760999.9842.0612456.06
Loans & advances648518321502723328560
Total current assets2,1832,1791,9871,3421,5021,4051,245
Total current liabilities842743695886899596549
Net working capital1,3411,4371,291456603809696
Total assets3,1972,9702,5101,3491,7651,8661,723
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash25.2732955.418.9679.6928.9798.65
Net cash from operating activities322(97.40)85.7940.9254.5967.69154
Net cash from investing activities(134)(579)(537)(61.00)(72.62)(60.19)3.67
Net cash from financing activities(51.68)37272466.53(52.71)43.22(227)
Net change in cash137(304)27446.45(70.74)50.72(69.68)
Closing cash31746760999.9842.0612456.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-17.6%+0.4%+38.6%+89.4%-3.5%-13.9%-
EBITDA growth-34.9%-8.5%+84.8%+179.8%+7.2%+201.6%-
PBT growth-49.2%-1.2%+113.2%+535.5%+9998.0%+90.2%-2.0%
Net income growth-42.2%-4.2%+121.7%-+98.5%+57.5%-
Revenue CAGR (3Y)+4.7%+38.1%+36.3%+16.3%-2.0%+6.2%+1.0%
EBITDA CAGR (3Y)+3.2%+67.9%+77.0%+108.4%+340.7%--36.3%
Profitability & leverage
Net income margin+3.9%+7.1%+7.4%+4.5%-0.1%-1.2%-2.1%
Return on capital employed-+16.1%+23.8%+16.8%+8.9%+4.3%+7.3%
Return on net worth-+11.7%+18.0%+13.9%-0.1%-2.4%-4.9%
Debt / equity-0.170.160.711.050.981.03
Long-term debt / equity-0.050.090.390.650.680.71
Interest cover32.9219.2817.4936.8184.16159.94-3,693.31
Efficiency & per share
Fixed asset turnover-3.744.332.701.311.451.61
Inventory turnover-7.397.825.763.303.993.94
Debtors turnover-6.439.4910.863.673.715.92
EPS (₹)9.1120.5321.2510.89(0.03)(1.26)(2.96)
Dividend per share (₹)1.001.000.800.500.000.000.00
Book value per share (₹)0.00184.40164.7280.5870.4369.9766.31
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7358598237886749989021,049
Revenue growth (YoY)+9.1%-14.0%-8.8%-24.8%-25.4%---
Other income6.3117.5710.7114.4511.6429.7622.4810.72
Total expenses6417557417045991,161802919
EBITDA94.0210481.6684.1574.99(163)100129
EBITDA margin+12.8%+12.1%+9.9%+10.7%+11.1%-16.3%+11.1%+12.3%
Depreciation14.8614.1012.1912.2211.718.176.357.47
Interest15.0916.7817.4918.2717.8322.0521.1017.47
Profit before tax70.3890.5062.6968.1157.09(163)95.10115
Tax18.3922.4816.0920.8214.34(15.14)26.1630.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,1443,7473,8532,7811,4961,0261,484
Revenue growth-16.1%-2.8%+38.6%+85.9%+45.8%-30.9%-
Other income54.3775.2545.6747.4418.0615.7217.14
Total expenses2,8533,5793,4012,5661,3759061,517
Employee cost10278.9666.2956.5345.4228.4834.86
EBITDA291168452215120119(32.48)
EBITDA margin+9.3%+4.5%+11.7%+7.7%+8.1%+11.6%-2.2%
Depreciation50.2229.0327.1022.5018.3815.7318.14
Interest70.3773.1473.4580.7557.2754.7965.03
Profit before tax22414139715962.7464.49(98.51)
Tax73.7364.0610055.4129.2514.21(18.57)
Net profit18824729713357.4446.4178.86
Net profit margin+6.0%+6.6%+7.7%+4.8%+3.8%+4.5%+5.3%
EPS (₹)11.195.7222.058.642.804.21(6.91)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital26.9326.9326.9323.9123.9123.8823.12
Reserves & surplus2,4062,2662,201939846848793
Shareholders' funds (net worth)2,4832,2932,228963870872816
Secured loans52252966.26249119103212
Unsecured loans90.1497.2999.4610479.261.480.00
Total debt612627166353198104212
Total liabilities3,2122,9802,5201,3491,0711,1551,176
Assets
Gross block1,4691,170914870795674677
Net block1,228979748732678575586
Capital work in progress19212317512.280.0016.290.00
Investments42223021344.5360.13133104
Inventories563496524461312199206
Sundry debtors621671533279199130159
Cash & bank balances29545960785.3739.4392.2737.39
Loans & advances585430317280290176254
Total current assets2,0642,0561,9801,106840598656
Total current liabilities833729695664599253262
Net working capital1,2321,3271,285442241345395
Total assets3,2122,9802,5201,3491,0711,1551,176
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17.3632740.796.3352.0710.302.26
Net cash from operating activities311(101)92.8061.9734.94226296
Net cash from investing activities(126)(581)(531)(77.47)(58.62)(38.95)(143)
Net cash from financing activities(50.98)37372449.96(22.05)(147)(145)
Net change in cash134(310)28634.46(45.74)39.838.04
Closing cash29545960785.3739.4392.2737.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-16.1%-2.8%+38.6%+85.9%+45.8%-30.9%-
EBITDA growth+73.1%-62.8%+110.6%+78.3%+0.9%+467.3%-
PBT growth+59.1%-64.5%+150.1%+153.1%-2.7%+9998.0%-13.8%
Net income growth-24.2%-16.7%+122.6%+132.2%+23.8%-41.2%-
Revenue CAGR (3Y)+4.2%+35.8%+55.5%+23.3%+12.1%+48.4%+62.0%
EBITDA CAGR (3Y)+10.6%+11.8%+55.9%----
Profitability & leverage
Net income margin+4.8%+2.1%+7.7%+3.7%+2.2%+4.9%-5.4%
Return on capital employed+11.8%+18.1%+24.3%+23.6%+14.8%+10.2%+10.6%
Return on net worth+7.9%+11.0%+18.6%+14.6%+6.6%+6.0%+9.2%
Debt / equity0.260.180.160.300.170.190.30
Long-term debt / equity0.080.050.090.140.120.150.14
Interest cover29.2752.6517.2942.0456.1752.91-128.47
Efficiency & per share
Fixed asset turnover2.383.604.323.342.041.522.21
Inventory turnover5.947.357.827.195.855.075.69
Debtors turnover4.876.239.4911.649.097.098.62
EPS (₹)11.195.7222.058.642.804.21(6.91)
Dividend per share (₹)1.001.000.800.500.000.000.00
Book value per share (₹)180.69170.31165.4880.5372.7473.0170.62

To see the full year-wise statements and ratios of Titagarh Rail Systems Limited, buy the company report.

Board of directors of Titagarh Rail Systems Limited

Titagarh Rail Systems has 11 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Umesh Chowdhary
Also directs: Titagarh Naval Systems Limited, Shivaliks Mercantile Limited, West Bengalstate Electricity Distribution Company Limited and 2 more
Managing Director03 Jul 199729 Years 4 MonthsCurrent
Rashmi ChowdharyDirector14 Aug 201412 Years 2 MonthsCurrent
Atul Ravishanker Joshi
Also directs: Oyster Capital Management & Advisory LLP, Lumina Datamatics Limited, Losange Export Private Limited and 2 more
Director24 Jan 20188 Years 9 MonthsCurrent
Anil Kumar Agarwal
Also directs: Titagarh Naval Systems Limited, Ramkrishna Titagarh Rail Wheels Limited
Whole-Time Director29 May 20197 Years 5 MonthsCurrent
Nayantara Palchoudhuri
Also directs: Rossell India Limited, Jay Shree Tea and Industries Limited, International Combustion (India) Ltd and 5 more
Director22 Jun 20206 Years 4 MonthsCurrent
Krishan Kumar Jalan
Also directs: Pipan Oils Limited, Panacea Biotec Limited, PNC Infratech Limited and 4 more
Director13 Aug 20206 Years 2 MonthsCurrent
Showing 6 of 11 current directors. View all directors

Auditor

Titagarh Rail Systems Limited is audited by Salarpuria & Partners for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Salarpuria & PartnersFY 2025302113E

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 40.50%, foreign institutional investors hold 10.90%, domestic institutional investors hold 15.40% and retail and other public shareholders hold 33.30%.

Promoters: 40.50%DII (Domestic Institutional): 15.40%FII (Foreign Institutional): 10.90%Retail & Others: 33.30%
Sep 2026
QUARTER
40.50% Promoters
15.40% DII (Domestic Institutional)
10.90% FII (Foreign Institutional)
33.30% Retail & Others
Promoter holding - history
Now 40.50% · Sep 2026High 40.50% · Dec 2025Low 40.50% · Dec 2025
39%39.8%40.5%41.3%42%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 40.50%Mar 2026: 40.50%Jun 2026: 40.50%Sep 2026: 40.50%40.50%40.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters40.50%40.50%40.50%40.50%
Public59.50%59.50%59.50%59.50%

Charges & borrowings

Open charges
₹6,703.93 Cr
Satisfied charges
₹7,305.2 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹5,500.00 Cr
Idbi Trusteeship Services Limited₹685.68 Cr
Others₹310.00 Cr
Uco Bank₹43.03 Cr
Central Bank of India₹33.32 Cr
Others₹131.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Dec 2025101222876Sbicap Trustee Company Limited₹500 CrOpen
04 Jul 2024100949822Others₹150 CrOpen
26 Apr 2023100715114Others₹60 CrOpen
15 Dec 2021100512887Idbi Trusteeship Services Limited₹685.68 CrOpen
25 Sep 2020100378897Others₹100 CrOpen

To see the full charge records of Titagarh Rail Systems Limited, buy the company report.

Total charge records: 137 View all charges

Deals & funding

Titagarh Rail Systems Limited has 99 deals on record (89 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹426.08 Cr; the latest was in May 2026.

Total deals
99
Market trades
89
Funding rounds
4
Secondary share transfers
3
QIPs
2
Disclosed funding
₹426.08 Cr

Deals on record (5 of 99)

WhenDealAmountParties
May 2026Market trade₹126.28 CrBuyer: Jump Trading Financial India Private Limited , NK Securities Research Private Limited
Seller: Jump Trading Financial India Private Limited , NK Securities Research Private Limited
Apr 2026Market trade₹147.74 CrBuyer: Jump Trading Financial India Private Limited , NK Securities Research Private Limited
Seller: Jump Trading Financial India Private Limited , NK Securities Research Private Limited
Dec 2025Market trade₹66.13 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Aug 2025Market trade₹65.54 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Aug 2025Market trade₹92.47 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP

To see the full deal history of Titagarh Rail Systems Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Titagarh Rail Systems Limited has 7 MSME Form 1 returns on record between 2020 and 2023, listing 179 overdue payments to 35 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 35)

SupplierAmount dueDue sinceReported on
Cosmic CRF Limited
an individual supplier
XXXX
Issarde Industries Private Limited
Anand Sales Corporation

To see the full MSME payment records of Titagarh Rail Systems Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Titagarh Rail Systems has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.

1
Subsidiary companies
1
Joint ventures
Key subsidiaries
Company NameCINShares held
Titagarh Bridges and International Private LimitedU28900WB2017PTC218811

To see the full group structure of Titagarh Rail Systems Limited, buy the company report.

Employees & EPFO

Titagarh Rail Systems Limited has a workforce of 796 employees on its EPFO records as of Apr 04, 2024, across 3 active EPFO establishments.

Employee count
796
Active EPFO establishments
3
Employee growth
10.1%

GST

Titagarh Rail Systems has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
19AABCT1377P1ZQWest BengalActive01 Jul 2017
08AABCT1377P1ZTRajasthanActive06 Nov 2020

To see the full GST registrations and return filing status of Titagarh Rail Systems Limited, buy the company report.

Recent activity

Titagarh Rail Systems Limited has 34 board changes on record since 1997: 11 appointments and 23 cessations. The latest: Saket Kandoi ceased to be Whole-Time Director on 13 Feb 2026.

Charges
A charge with Sbicap Trustee Company Limited of Rs. 5,000.00 Cr registered on 19 Sep 2019 with Charge ID 100293139 was modified on 08 May 2026.
Charges
A charge registered on 04 Sep 2024 via Charge ID 100980016 with Others was fully satisfied on 02 Mar 2026.
Ceased
Saket Kandoi ceased to be Whole-Time Director.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 500.00 Cr with Charge ID 101222876 was registered on 30 Dec 2025.
AGM
Titagarh Rail Systems Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Charges
A charge registered on 21 Mar 2023 via Charge ID 100699446 with Hdfc Bank Limited was fully satisfied on 29 May 2025.
Charges
A charge registered on 24 Mar 2023 via Charge ID 100697478 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 08 May 2025.
Filing
Titagarh Rail Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata I.
Charges
A charge registered on 04 Mar 2023 via Charge ID 100697492 with Others was fully satisfied on 26 Feb 2025.
Charges
A charge registered on 17 Feb 2023 via Charge ID 100675915 with Others was fully satisfied on 13 Feb 2025.
Charges
A charge registered on 12 May 2023 via Charge ID 100722332 with Others was fully satisfied on 11 Feb 2025.
Charges
A charge registered on 20 Aug 2024 via Charge ID 100965436 with State Bank Of India was fully satisfied on 18 Dec 2024.

251 earlier events are in the company report.

News

Frequently asked questions

Titagarh Rail Systems is an active public limited company based in Kolkata, West Bengal, India. The company works in railway equipment and supply, within the transport and logistics industry. It was incorporated on 03 July 1997 (29+ years old) and is registered under CIN L27320WB1997PLC084819. Listed on BSE: 532966 and NSE: TITAGARH.

Titagarh Rail Systems reported revenue of ₹3,185.82 Cr for FY 2025-26 (down 17.6% YoY) based on consolidated financials.

Titagarh Rail Systems has 11 current directors:

The latest financial statements of Titagarh Rail Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Titagarh Rail Systems is 19AABCT1377P1ZQ, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AABCT1377P1ZT (Rajasthan).

The CIN (Corporate Identification Number) of Titagarh Rail Systems is L27320WB1997PLC084819. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Titagarh Rail Systems is a listed company as per MCA records. Its shares are listed on both BSE (code: 532966) and NSE (symbol: TITAGARH).

Titagarh Rail Systems has 53 court cases on record: 45 filed by the company and 8 filed against it. 24 are pending. Most are in the high courts.

Titagarh Rail Systems was incorporated on 03 July 1997, making it 29+ years old. It is registered with the Registrar of Companies, Kolkata.

Titagarh Rail Systems has 99 deals on record (89 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹426.08 Cr; the latest was in May 2026.

Saket Kandoi ceased to be Whole-Time Director on 13 Feb 2026. Manoj Mohanka ceased to be Director on 31 Mar 2024. Debanjan Mandal was appointed as Director on 04 Sep 2023. Titagarh Rail Systems has 34 board changes on record in total.