Titagarh Rail Systems Ltd
NSE: TITAGARH BSE: 532966
₹663.35
-30.95 (4.46%)
Fri, 30 Oct 2026, 07:20 pm
Market Cap (in Cr)8926.85
PE Ratio46.63
Dividend0.15
Producer Manufacturing
Trucks/Construction/Farm Machinery
24.5KTitagarh Rail Systems Ltd Company History
1997
- The company was incorporated on July 3.
- The company received its certificate for commencement of business on July 11.
1998
- The company purchased plant and machinery from Titagarh Steels Limited.
- The company received its first order from the Indian Railways for supply of BOXN and BCNA wagons.
2000
- The company received Quality Certification ISO-9002 from Lloyd's Register Quality Assurance, United Kingdom.
2001
- The company received registration from the Ministry of Defence, Government of India, to be a licensed manufacturer of Bailey Bridge.
- A scheme of arrangement/amalgamation between the company and Omnicom Webtec Limited was sanctioned by the Calcutta High Court.
2002
- The company acquired 2.36 acres of land from Titagarh Steels Limited.
- The company received recognition from the Ministry of Defence, Government of India, as an Industry Partner for wagon and bridges.
2003
- The company commenced manufacture of BOST and BFNS type wagons.
- The company received its first order from the Indian Railways Public Sector Unit CONCOR for supply of container flat wagons.
2004
- The company acquired 13.71 acres of land from Titagarh Steels Limited.
- The company received its first order for export to Africa.
2005
- The company procured its first order from the National Thermal Power Corporation for manufacturing MGR type wagons.
- The company procured its first private sector order from MSPL for manufacturing OYWS type wagons.
- The company entered into a Share Subscription And Shareholders Agreement with Strategic Ventures Fund, Mauritius.
- The company acquired the Heavy Engineering Division of Hyderabad Industries Limited pursuant to a Business Transfer Agreement.
2006
- The company entered into a Share Subscription Agreement and Shareholders Agreement with 2i Capital PCC, Mauritius.
- The company entered into an Investment and Shareholders Agreement with Goya Limited, Mauritius.
- The company executed a Memorandum of Understanding with Kawada Industries Inc. for fabrication and construction of steel bridges.
2007
- The company entered into a Share Subscription Agreement and Shareholders Agreement with GE.
- The company received its first order for EMU coaches from Indian Railways.
- The company entered into a cooperation and funding agreement with JPMorgan Mauritius Holdings Limited.
2008
- The company entered into a Joint Venture Agreement with FreightCar America Inc.
- The company entered into a shareholders agreement with JPMorgan Mauritius Holdings Limited.
2009
- Shri. Nand Kishore Mittal was appointed as an Additional Director of the company.
2010
- Titagarh Wagons acquired a wagon manufacturing unit in France.
2011
- Mr. Charles Magolske was appointed as an Additional Director of the company.
- The company recommended a dividend of Rs. 8/- per share.
2012
- Titagarh Marine Ltd became a subsidiary of Titagarh Wagons Ltd.
2013
- Titagarh Wagons acquired a 100% stake in Titagarh Marine Limited, making it a wholly owned subsidiary.
- The company's Board of Directors recommended a dividend of Rs. 4/- per share.
- The Titagarh-FreightCar Joint Venture Company was wound up.
2014
- The company's Registered Office was shifted to Flat 1B, Aster Court, 3 Loudon Street, Kolkata - 700017.
- Titagarh Wagons acquired a 99.23% stake in Cimco Equity Holdings Private Limited.
- The company's Board of Directors recommended a dividend of Rs. 4/- per share for the financial year 2013-14.
- The company gained on winning a contract.
2015
- Titagarh Wagons received an industrial license from the Government of India.
- The company completed the acquisition of Railway Rolling Stock Manufacturing business of Firema Transporti, S.p.a. Italy.
- The company split its face value from Rs 10 to Rs 2.
2016
- The company's subsidiary in Italy acquired a new order for Double Deck Trains worth about Euro 65 Million.
- The company changed the location of its Registered office to 756 Anandapur, E.M Bypass Kolkata-700107.
- The company won an order for construction of two fuel barges for the Indian Navy.
2017
- Titagarh Wagons started construction of 2 Fuel Barges.
- The company bagged a Letter of Acceptance for an infrastructure project in Nepal.
2020
- Cimmco Limited was amalgamated with Titagarh Wagons Limited.
2021
- The company was awarded a contract for construction and supply of five Diving Support Craft from the Indian Navy.
2022
- Titagarh Wagons acquired land and infrastructure for ship building at Falta, West Bengal.
- The company amalgamated Titagarh Bridges and International, a wholly owned subsidiary, with itself.
2023
- The company name was changed to Titagarh Rail Systems Ltd from Titagarh Wagons Ltd.
