Carraro India Limited, incorporated on April 11, 1997, initially as “Carraro India Private Limited,” is a prominent player in manufacturing components for agricultural machinery and construction vehicles. A subsidiary of the Carraro Group, the company is headquartered in Ranjangaon, Pune, Maharashtra. It is known for its innovative products, including transmissions and axles, which enhance equipment efficiency. In 2024, the company became a public entity and rebranded as “Carraro India Limited.” With strong backing from its promoters—Tomaso Carraro, Enrico Carraro, and Carraro S.p.A.—the company focuses on leveraging technological advancements to enhance productivity and operational efficiency.

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• Technological Expertise
• Diverse Product Portfolios
• Strong Brand Reputation
• Robust Corporate Governance
• Strategic Location
• Growing Market Demand

• To fund growth initiatives and expand production capacity.
• To use proceeds to lower existing debt and interest expenses.
• To increase market share domestically and internationally.
• To enhance credibility and attract more customers.
• To support strategic acquisitions.
• To strengthen brand recognition and visibility in the market.

The company manufactures axles, transmission systems, and gears for the agricultural tractor and construction vehicle industries in India. It operates in a highly competitive environment with renowned competitors available at attractive valuation. Therefore, we give a “Neutral” stance on subscribing.