Craftsman Automation Ltd share Price

Craftsman Automation Limited was incorporated on July 18, 1986. The Company is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, Automotive Powertrain Products, Automotive Aluminium Products and Industrial and Engineering Products. The Company is a diversified engineering with niche capabilities that allow it to partner with global OEMs operating in India across the value chain, from design and development to manufacturing and just-in-time supply. The Company design, develop and manufacture engineering products offer inventive solutions using state-of-the-art engineering technology and efficient manpower to meet the requirements of the customers. The Company has a total built up area of over 1.5 million sq. ft. It in-house state of the art equipment, engineered layout with process controls and necessary automation for quality and productivity. The Company recently set up a new unit in Pune with high-end fully automated equipment from Italian and Swiss manufacturers. The Company set up a manufacturing line for a BS6 compliant, 4-cylinder block to be fitted in a global OEM`s MUVs & LCVs. It received business from a leading domestic customer for rough machining of Block, Head & Bed plate for their 5-litre engine to be deployed in their BS6 compliant vehicles. The Company invested in a new technology for Inspection of BS6 Honing operation. It upgraded capabilities to meet Tier 4 norms for all Blocks & Heads machined for tractor application. The Company received business nomination from a leading domestic SUV customer for manufacturing of Aluminium Gearbox housings for the compact Tractor. The Company received orders for multiple products from a leading domestic two wheeler manufacturer for their domestic and export vehicles and for supply of a number of products from various OEMs from the foundry unit. It initiated supplies of crankcases and head lamp casing to a leading two wheeler manufacturer for their recently launched series engines. The Company started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields. During the financial years 2001 -2006, the Company is an ISO 9001: 2000 & ISO/ TS 16949:2002 registration certified and commenced the Aluminium Foundry Unit at Kurichi Satellite Unit at Pithampur. During the financial years 2007-2011, the Company entered into joint venture partnerships with Carl Stahl & Mitsubishi. The Company bagged the `Star Export House` registration certification. The Company had a Subsidiary, Craftsman Europe B.V. Netherlands. It set up satellite units at Sriperumpudur, Jamshedpur, Pune & Faridabad. During the financial years 2012-2016, the Company established storage solutions in Arasur, Coimbatore, Second Satellite Unit at Pune, Technology Division & HPDC Foundry at Bengaluru and Aluminium Sand Foundry, HPDC & LPDC In Arasur, Coimbatore. During the financial years 2017-2020, the Company set up machine services in Bengaluru and a storage manufacturing plant in Pune.