About Titagarh Rail Systems Limited

Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) is an Indian rolling stock manufacturer and mobility solutions provider with capabilities spanning Freight Rail Systems (FRS) and Passenger Rail Systems (PRS). The Company designs and manufactures wagons, metro coaches, EMU/MEMU units, and propulsion components including traction motors and converters. It operates a modern metro manufacturing facility at Uttarpara, West Bengal, and has set up an Engineering Centre in Bengaluru focused on Train Control & Monitoring Systems (TCMS) and advanced Propulsion Systems. The Company is domiciled in India, with sales primarily to Indian customers and a smaller contribution from the Rest of the World; all non-current assets are located in India. As of the latest year, the Company has 2 subsidiaries; it also has joint ventures and an associate in Italy, underscoring international collaboration in technology and design.

Titagarh Rail Systems Limited Key Milestones 

Key milestones include: RDSO-G105 certification with a rated production capacity of 8,400 wagons per year; first EMU/MEMU production for Indian Railways; India’s first aluminium metro trains; award to design and manufacture 102 metro coaches for Surat and Ahmedabad (GMRC); acquisition of Firema SpA, Italy, making the Company the first Indian private player with EMU, Metro and Propulsion technology; delivery of traction motors to CLW for locomotives; and exports of traction converters for the Regione Lazio Viterbo (3 kV) and Lido (1.5 kV) lines in Italy. In PRS, the Company’s installed capacity stands at 250 coaches per annum, with a targeted traction motor capacity of 2,400 per annum.

Titagarh Rail Systems Limited’s Key Management

• J. P. Chowdhary – Executive Chairman
• Umesh Chowdhary – Vice Chairman and Managing Director
• Anil Kumar Agarwal – Deputy Managing Director
• Prithish Chowdhary – Deputy Managing Director
• Saket Kandoi – Director & CEO (Shipbuilding & Maritime Systems)
• Saurav Singhania – Chief Financial Officer
• Aditya Purohit – Company Secretary & Compliance Officer (w.e.f. June 1, 2025)

Latest Updates on Titagarh Rail Systems Limited

• Bengaluru Metro Yellow Line: The Company commenced production and delivered its first driverless, Made-in-India trainset under the BMRCL Yellow Line project (in collaboration with CRRC); the stainless-steel, fully automated trainsets were manufactured at Uttarpara and officially handed over in January 2025 for the 19-kilometre corridor linking Electronics City with the rest of Bengaluru.
• New Engineering Centre: A state-of-the-art Engineering Centre was inaugurated in Bengaluru to develop advanced TCMS and Propulsion Systems, supporting projects such as Surat and Ahmedabad Metros, Vande Bharat Sleeper trains, and ICF EMU/MEMU programmes.
• Traction Motor Scale-up: Traction motor production was ramped up to 100 units per month, strengthening indigenous capabilities in PRS and export potential for propulsion components.
• Corporate Structure: Titagarh Firema Engineering Services Private Limited became a subsidiary with effect from February 14, 2025, following a rights issue and amendments to the joint venture agreement.
• Leadership Actions: The Company elevated Anil Kumar Agarwal to Deputy Managing Director and designated Saket Kandoi as Director & CEO (Shipbuilding & Maritime Systems); the Board also approved re-appointments of certain Independent Directors and re-appointed Umesh Chowdhary as Vice Chairman & Managing Director & CEO for five years, subject to shareholder approvals.
• Financial Posture: The Company maintained a net debt negative status during the year, reflecting continued fiscal strength.