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Titagarh Rail Systems

Listed · HQ India

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Kind
Rolling-stock OEM
Markets
1
Positions held
5

India's largest private rolling-stock builder.

Kind
Rolling-stock OEM
Headquarters
India
Ownership
Listed
Segments
Rolling stock, Components, Maintenance
Present in
India
Also a buyer
Titagarh Rail Systems Limited

Footprint

India

KindWhereDetailSources
PlantWest Bengal, Maharashtra, GujaratTitagarh and Uttarpara (WB) — order book ₹26,635 cr (30 June 2026), 519 metro coaches and 1,280 Vande Bharat coaches; Mumbai Line 5 systems (₹2,481 cr), Surat 72 cars; new design centre August 2026
  • ○ Business Upturn · Titagarh Rail Systems reports ₹26,635 crore order book (30 June 2026) (published 2026-08 · checked 2026-09-06)
  • ○ Sahi · Titagarh Rail Systems inaugurates Design and Operations Centre in Uttarpara (published 2026-08-21 · checked 2026-09-06)
  • ● MMRDA (official) · Tender notices (published 2026 · checked 2026-06-22)
  • ● MMRDA (official) · Package CA-232 tender notice (Line 6 rolling stock & signalling) (published 2025 · checked 2026-06-22)
  • ○ Metro Rail Today · L&T bags $557M (₹4,788 cr) Line 4/4A systems (published 2025-09 · checked 2026-06-22)

Positions held

SegmentTechnologyPhase
  • awarded by MMRDA — Line 5 rolling stock 132 coaches CBTC — Titagarh Rail Systems Ltd (active · since 2025-11)
  • awarded by MMRDA — Line 5 systems package (2025) (active · since 2025)
  • awarded by Railway Board — 80 Vande Bharat sleeper trainsets with BHEL (≈ incl. 35-year maintenance) (active · since 2023)
  • in JV with BHEL — 80 Vande Bharat sleeper trainsets — manufacture and 35-year maintenance consortium (active · since 2023)
  • awarded by GMRC — Surat Metro — 72 standard-gauge cars (active)
Sources for these relationships (12)
  • ○ Railway Supply · Vande Bharat Sleeper maintenance in TRSL–BHEL 80-trainset order (checked 2026-09-06)
  • ○ Business Standard · Dilip Buildcon executes GMRC contract — Surat Ph1 Corridor 2 elevated viaduct 8.702 km + 7 stations, ₹702.02 cr (published 2022-12-05 · checked 2026-08-20)
  • ● GMRC (official) · Awarded tenders (incl. Surat Ph1 TOD housing/commercial award 2025-08-05; Ph2A/2B design consultancy to Systra 2026-03-03) (published 2026 · checked 2026-08-20)
  • ● GMRC (official) · Project overview (Ahmedabad Ph1 40.03 km/31 stations; Ph2 28.2 km fully commissioned 2026-01-11; Surat 40.35 km/38 stations under construction) (published 2026 · checked 2026-08-20)
  • ● GMRC (official) · Live tenders (published 2026 · checked 2026-08-20)
  • ● MMRDA (official) · Package CA-232 tender notice (Line 6 rolling stock & signalling) (published 2025 · checked 2026-06-22)
  • ● MMRDA (official) · Tender notices (published 2026 · checked 2026-06-22)
  • ○ Metro Rail News · Titagarh $288M (₹2,481 cr) Line 5 / 132 coaches (published 2025-11 · checked 2026-06-22)
  • ○ Metro Rail Today · GMRC issues first tender (design consultancy, ₹16.95 cr) for hybrid Metro–RRTS corridors under Ahmedabad Metro Phase 3A (Thaltej Gam–Canal Road + Godhavi–Canal Road, ≈10.8 km) (published 2026-04 · checked 2026-08-20)
  • ○ Metro Rail Today · L&T bags $557M (₹4,788 cr) Line 4/4A systems (published 2025-09 · checked 2026-06-22)
  • ● Titagarh Rail Systems (official) · Surat Metro rolling stock project page (₹857 cr LoA, 72 standard-gauge cars) (published 2021 · checked 2026-08-20)
  • ○ Urban Transport News · BEML and BHEL-led JV awarded contracts for sleeper Vande Bharat trains (checked 2026-09-06)

Competes with

Other rolling-stock oem players present in the same markets.

PlayerHQMarketsPositions
AlstomFranceEuropean Union, United States, United Kingdom, India, Canada64
Siemens MobilityGermanyEuropean Union, United States, United Kingdom, India, Canada60
StadlerSwitzerlandEuropean Union, United States, United Kingdom, India26
WabtecUnited StatesUnited States, United Kingdom, India9
BEMLIndiaIndia5
CRRCChinaUnited States, India3
TalgoSpainEuropean Union, India3
TexmacoIndiaIndia2

Withheld in the free surface

  • Published order book (3)

Full detail withheld: 1 field. In the India edition · See a fully open example

1 source · secondary
  • ○ Business Upturn · Titagarh Rail Systems reports ₹26,635 crore order book (30 June 2026) (published 2026-08 · checked 2026-09-06)

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Compiled by Watchtower to editorial standards the Managing Partner sets and enforces. Public record only — every datum carries its source.