VST Tillers Tractors Limited was established in 1967 by the VST Group of companies, a well-known century-old business house in South India, with over 50+ years of expertise in farm mechanization. The founder of the group was Sri V.S. Thiruvengadaswamy Mudaliar, who started with humble beginnings under the VST & Sons banner in the year 1911. The company was promoted by the VST Group in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan, for the manufacture of Power Tillers and Diesel Engines.
The company is making a significant impact in global markets with innovative, high-quality machinery, driven by a futuristic approach. VST is now the largest manufacturer of Power Tillers in India and commands a leadership position with more than 70% market share. It is also a pioneer in the 4WD compact tractors segment.
VST Tillers Tractors operates primarily in the agricultural machinery sector, manufacturing a diverse range of products to serve India's farming community. The company offers:
- Tractors
- Power Tillers, Weeders, and Reapers
- Brush Cutters
- Electrical Pumps
- Diesel Engines
- Engine, transmission, gear, steering, hydraulic, automotive, and pump set oil, as well as coolants and greases
- Precision Agricultural Implements comprising sprayers and rotary tillers
- Electric Compact Tractor Drivetrains, Electric Drivetrains for Walking Tractors, and EV solutions tailored for sub-compact and compact tractors.
The company's flagship brand, VST SHAKTI, is India's No 1 brand in Power Tillers (walking tractors) in India, introduced over five decades ago. As a pioneer in 4WD compact tractors, introduced in 1982, it has now expanded its presence under the brand "VST" with a range of compact and agricultural tractors from 17 HP to 50 HP. Tractors are also being marketed under the "FIELDTRAC" brand in various markets of the European Union, meeting the latest EU standards.
VST has established a significant international footprint over the years, exporting products to European, Asian, and African markets. With an eye on global opportunities, the company has expanded its presence in more than 40 countries over a decade and is expanding its footprints by supplying the Drive train platform to Global leaders under the EV solutions section.
The company has been actively showcasing its products at international exhibitions and has been receiving recognition for its technological innovations. VST Tillers Tractors showcased a 30 HP tractor with Stage V Emission Norms Engine at EIMA International Exhibition in Italy and presented an eco-friendly 30HP Tractor with Stage-V Emission Norms at EIMA 2024 in Italy.
VST Tillers Tractors has demonstrated steady financial performance over the years.
- Market Capitalization: ₹3,925 crore (up 6.59% in 1 year)
- Annual Revenue (FY 2024): Approximately ₹994.55 crore.
- Annual Profit (FY 2024): ₹94.5 crore.
Recent Quarterly Performance Highlights:
- Q4 2024-2025: Revenue jumped 5.88% year-on-year to ₹300.51 crore. However, net profit fell 29.73% year-on-year to ₹24.42 crore.
- Q3 FY25: Consolidated net profit tanked 92.41% to ₹1.28 crore (compared to ₹16.87 crore in Q3 FY24). Revenue from operations jumped 28.91% year-on-year to ₹219.10 crore in the quarter ended December 31, 2024.
VST operates multiple manufacturing facilities across India:
- Hosur: For tractor manufacturing.
- Malur, Karnataka: A new facility for power tiller manufacturing.
The company is proactively implementing energy management measures and striving to reduce corporate greenhouse gas emissions by installing 1100 KW of aggregate solar capacity across facilities.
VST has maintained high-quality standards throughout its operations. The company achieved 100% indigenisation of MT180 Tractors (without any imported parts) and has received several quality certifications, including:
- ISO 9001 Quality System Certification
- QS 9000 Quality Management System Certification
- TS 16949 Quality Management System Certification (for Mysore plant)
VST has maintained a strong market position in India's agricultural machinery sector.
- Monthly Sales (June 2025): 6,651 power tillers and 498 tractors (power tiller sales up compared to June 2024).
- Total Sales (April 2024 - March 2025): Aggregated to 42,584 units, registering a growth of 1.71% from 41,868 units sold in the same period a year ago.
VST continues to focus on innovation and strategic partnerships for future growth. Key initiatives include:
- Strategic Alliance with Pubert India: To strengthen VST's focus on providing solutions for marginal farmers.
- MoU with ZETOR Tractors: For the development of Premium Higher HP Tractors (> 36 HP).
- Ambitious Goal: To become a ₹3000 crore Global brand in diversified farm mechanization products and solutions by 2025.
The company has been investing in electric and sustainable technologies:
- Launched the 95 DI Ignito – India's 1st 9 HP Electric Start Power Tiller.
- Launched a range of power weeders – RT 70 & FT 50 and Multi-crop reaper.
- Winner of the prestigious CII Industrial Innovation Award 2022 for the 2nd consecutive year.
The company maintains a promoter holding of 55.6% and has a total of 755 employees. With its strong market position, diverse product portfolio, and commitment to innovation, VST Tillers Tractors continues to play a crucial role in India's agricultural mechanization journey while expanding its global footprint.
