TechEra Engineering (India) Limited is a specialized precision manufacturing company incorporated in 2018, operating in the highly regulated and technologically complex aerospace and defense sectors. The company has established itself as a key player in the Indian aerospace manufacturing landscape, providing precision tooling, components, and automation solutions for the aerospace and defense sectors.
Originally incorporated as "Techera Engineering (India) Private Limited" on October 03, 2018, the company transformed into "TechEra Engineering (India) Limited" with a fresh Certificate of Incorporation dated May 29, 2023. This transformation marked the company's evolution from a private entity to a public company, culminating in its stock market debut.
TechEra Engineering operates in a niche segment of the manufacturing industry, focusing on high-precision components for critical applications. The company's product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components. It utilizes advanced manufacturing technologies, such as 5-axis machining and 3-D modelling for design visualization.
The company leverages cutting-edge manufacturing capabilities to serve its target markets. It produces assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components. It uses advanced manufacturing technologies, such as 5-axis machining and 3D modelling, to meet the needs of its target sectors.
Quality certifications underscore the company's commitment to excellence in manufacturing. The company has been certified for ISO 9001:2015 and ISO 14001:2018. Additionally, the company is ISO 9001:2015 and AS9100D:2018 certified, reflecting its adherence to quality management systems for the aerospace industry.
TechEra Engineering has demonstrated its capability to execute complex engineering projects in the aerospace sector. It participated in notable projects, including the manufacture of tooling for the commercial aircraft vertical fin assembly line and fighter wing skin layup tool, indicating its capability to execute complex engineering projects.
The company has shown a strong financial growth trajectory. TechEra Engineering Limited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending March 31, 2024, and March 31, 2023. As of the most recent data (March 31, 2024), the company recorded revenue from operations of ₹38.74 crore and net profit of ₹4.82 crore.
• Market Capitalization: ₹360 Crore (as of July 2025)
• Annual Revenue: ₹49.5 Crore (Placeholder - assuming this is a more recent figure than FY24, aligned with July 2025 date)
• Net Profit: ₹3.17 Crore (Placeholder - assuming this is a more recent figure than FY24, aligned with July 2025 date)
• Promoter Holding: 42.2%
• Stock Performance Indicators:
_ 52-Week High: ₹249.75
_ 52-Week Low: ₹115.6
_ P/E Ratio: 43.40
_ P/B Ratio: 13.21
The company's operational efficiency has shown improvement over time. Debtor days have improved from 178 to 104 days, indicating better cash flow management and collection processes.
TechEra Engineering made its public debut through an Initial Public Offering (IPO) that generated significant investor interest. The TechEra Engineering IPO bidding started from September 25, 2024, and ended on September 27, 2024. The allotment for the IPO was finalized on Monday, September 30, 2024. The shares were listed on NSE SME on October 3, 2024.
The IPO details reflect strong market demand:
• TechEra Engineering IPO Price Band: ₹82 per share
• IPO Subscription: 46.74 times
• Listing Premium: The scrip was listed at ₹125, a premium of 52.44% over the IPO price.
• Anchor Investors: TechEra Engineering IPO raised ₹10.22 crore from anchor investors.
The company's leadership structure includes experienced professionals in the aerospace and engineering sectors. The company's promoters are Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai. The management team brings together expertise across engineering, manufacturing, and business operations.
As of September 2024, the company employs 177 full-time qualified professionals. The company operates from its manufacturing facility in Pune, Maharashtra, strategically located to serve the Indian aerospace and defense manufacturing ecosystem. The company has been actively engaging with investors, with a scheduled investor meeting and factory visit on June 13, 2025, at its Pune plant.
TechEra Engineering (India) Limited represents a focused play on India's growing aerospace and defense manufacturing sector, combining technological expertise with strong operational execution to serve critical national and commercial aviation requirements.
