Carraro India Limited was incorporated as ‘Carraro India Private Limited’ on April 11, 1997, as a private limited company under the Companies Act, 1956, at New Delhi, India, pursuant to a certificate of incorporation issued by the Registrar of Companies, NCT of Delhi and Haryana (RoC Delhi). Pursuant to allotment of Equity Shares by the company and in accordance with the provisions of Section 43A(1) of the Companies Act, 1956, its Board passed a resolution on September 30, 1997, wherein its Board noted that the company had become a deemed public company, and the name of the company was changed to ‘Carraro India Limited’ with effect from September 3, 1997, pursuant to a certificate of incorporation endorsed by the RoC Delhi to that effect. Further, pursuant to a resolution passed by its Board dated September 28, 2007 and a special resolution passed by its Shareholders dated September 29, 2007 which was confirmed by an order of the Company Law Board, Northern Region Bench, New Delhi dated July 25, 2008, the registered office of the company was shifted from the state of Delhi to the state of Maharashtra with effect from July 25, 2008 and a certificate of registration of the order of the Company Law Board for change of state of its registered office was issued by the Registrar of Companies, Maharashtra at Pune (RoC) on August 14, 2008.

Subsequently, pursuant to a resolution passed by its Board dated August 28, 2008 and a special resolution passed by its Shareholders dated September 22, 2008, the company was re-converted into a private limited company and the name of the company was changed to ‘Carraro India Private Limited’, and a fresh certificate of incorporation dated March 16, 2009 was issued by the RoC. Subsequently, on the conversion of the company to a public limited company, pursuant to a resolution passed by its Board on July 3, 2024 and a special resolution passed by its Shareholders on July 4, 2024, the name of the company was changed to ‘Carraro India Limited’ and a fresh certificate of incorporation dated August 12, 2024 was issued by the RoC.

The company is a technology driven integrated supplier that develops complex engineering products and solutions for its original equipment manufacturer (OEM) customers. It is an independent tier 1 solution provider of axles, transmission systems and gears for the agricultural tractor and construction vehicle industries in India. It supports the full value chain of services as a solution provider for axles, transmission systems, gears and other related components with in-house product design manufacturing capabilities.

Its Promoter, Carraro S.p.A., is the parent company of the Carraro Group which designs, manufactures and sells transmission systems (axles, transmissions and drives) mainly for agricultural and construction equipment for off-highway vehicles, in addition to marketing a wide range of gears for diverse sectors, from automotive to trucks to agricultural and construction vehicles. The Carraro brand is owned by Carraro S.p.A. and licensed to it pursuant to a licensing agreement with Carraro S.p.A.

The company primarily manufactures axles and transmission systems for agricultural tractors and construction vehicles such as backhoe loaders, soil compactors, cranes, self-loading concrete mixers and small motor graders. Its products are mission critical for its customers, as its products constitute important components of its customers’ final products. It provides a diverse range of products including axles and transmission systems of different HP ranges for off-highway vehicles in the agricultural tractor and construction vehicle sectors, as well as gears, shafts and ring gears for industrial and automotive vehicles. It also supplies gears mainly used in industrial and automotive markets, spare parts which are primarily loose components of agricultural tractors and construction vehicles and other products which are non-core parts of agricultural tractors and construction vehicles.

Business area of the company

The company is engaged in the manufacture of mechanical transmissions, clutches, hydraulic lifts and planetary drives, axles for agricultural tractors and construction equipment including components, parts and spares thereof.

Products of the company

Agricultural Tractors

• T40 transmission system
• T50 transmission system
• T75 transmission system
• T100 CVT (Continuously Variable Transmission)
• T100 Evo HD
• T135 transmission system
• eT50/eT75

Construction Vehicles

• TCB80-2WD & 4WD- Torque convertor-based transmission system
• TCB80SPS 2wd & 4wd- SPS (Servo Power Synchro) 
• TCB90 PS
• Hydrostatic (Infinitely Variable)
• THE Solution transmission system

Axles- agricultural tractors

• Agricultural Tractors
• Portal Axles - Dry & Wetland
• Paddy Application 50-75 HP
• Planetary Axles - Utility Tractors 49 -135 HP

Axles- construction vehicles

• Steering Axle 1-9.5 T UVW
• Rigid Axle 1-9.5 T UVW
• Rigid Hypoid Axle 5-17 T UVW

Gears

• Ring Gears
• Gears & Shafts

Spare Parts and Others

Awards, accreditations and recognitions

• 2021: Received certificate of compliance with the requirements of UNI EN ISO 9001:2015 from TUV Italia S.r.l.
• 2022: ‘Pune Best Employer Brand Awards, 2022’ at the 17th Employer Branding Awards 2022-23.
• 2022: ‘Annual Commodity Award (Forging - Farm Division)’ in recognition of superior performance at Mahindra Supplier Excellence Awards.
• 2023: ‘National Best Employer Brand Awards, 2022’ at the 18th Employer Branding Awards 2023-24.
• 2023: ‘Decade of Dedication Award 2023’ from Dynapac.
• 2023: ‘Business Partner of the Year’ at Mahindra Supplier Meet, 2023.
• 2023: ‘Best SPD Performance - Farm Division’ at Mahindra Supplier Awards.
• 2024: ‘CSR Corporate Social Responsibility Award’ from Manitou Equipment India.
• 2024: ‘Maharashtra State Best Employer Brand Awards, 2024’ at the 19th Employer Branding Awards.

History and milestones

• 2014: Amalgamation of Turbo Gears India Private Limited with the company.
• 2016: Launch of steering axle applicable for 4-WD vehicle.
• 2022: Launch of steering portal axle.
• 2023: Launch of T135 transmission system.
• 2024: Acquisition of 99.00% shareholding of Carraro Technologies India Private Limited.