About Company

• The Company was originally incorporated as ‘Transrail Lighting Ltd’ at Mumbai, Maharashtra in February 2008. The company’s Promoters are Ajanma Holdings Private Limited, Digambar Chunnilal Bagde and Sanjay Kumar Verma.
• The company is Indian engineering, procurement and construction (“EPC”) company focusing primarily on power transmission and distribution business (T&D) and integrated manufacturing facilities for lattice structures, conductors, and monopoles. The company also provides EPC services in relation to air insulated and gas insulated substations.
• The company has a track record of 4 decades in providing comprehensive solutions in the power T&D sector, on a turnkey basis globally.
• The company’s business is divided into 4 verticals, namely (i) power transmission and distribution, (ii) civil construction, (iii) poles and lighting, and (iv) railways.
• The company has completed 200+ projects in power transmission and distribution vertical in India and internationally. The company has footprint in 58 countries like Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland, Nicaragua etc. including turnkey EPCs or supply projects.
• As of June 30, 2024, the company has constructed 34,654 CKM transmission lines (including more than 22,912 CKM of transmission lines which are above 220 kV in the ultra-high voltage (“UHV”) transmission lines sector.
• The company owns and operates 4 integrated manufacturing facilities including one tower testing facility, across India. The company procures most of its machinery from countries such as Italy and United Kingdom.
• The company’s total revenue increased at a CAGR of 32.37% to   ? 4,129.99 Cr in FY 2024 from ? 2,357.19 Cr in FY 2022 while its PAT increased at a CAGR of 89.84% to ? 233.21 Cr in FY2024 from ? 64.71 Cr in FY2022. The company’s Unexecuted Order Book has almost doubled to ? 10,100.47 Cr as on March 31, 2024, from ? 5,907.59 Cr as of March 31, 2022.

Strengths

Competitive Strength 

• Track record of established presence and growth in power transmission and distribution vertical through the implementation and execution skills
• Established manufacturing facilities
• Strong and diversified Order Book
• Strong in-house designing and engineering
• Experienced promoter(s) with strong management team, technical expertise and business divisions with specialized domain knowledge
• Quality assurance
• Strong and consistent financial performance

 Business Strategies 

• Leverage the technical expertise, specialized domain knowledge and experience to expand the core competencies in power transmission and distribution segment, both domestic and international
• Expand the EPC portfolio into other allied/ancillary infrastructure sectors
• Focusing on expanding the market for the conductors and to leverage the new age HTLS conductors
• Expanding the international business
• Enhancing the Company’s pole and lighting business in various product categories.

Company Promoters

Company Financials

Transrail Lighting Limited's revenue increased by 30.2% and profit after tax (PAT) rose by 116.8% between the financial year ending with March 31, 2024 and March 31, 2023.

Objects of the Issue

The Company proposes to utilise the Net Proceeds towards funding the following objects:

1. Incremental financingworking capital requirements of the company;
2. Funding capital expenditure of the company; and
3. General corporate purposes.