Technocraft Industries (India) Limited

Technocraft was established in 1972 by two brothers Mr. S.K. Saraf and Mr. S.M. Saraf who are graduates and technologists from IIT Powai. Until 1976 Technocraft focused on the domestic market. India was not recognized as reliable export nation during those days, against all the odds, the company launched a major export drive in 1977. “Technocraft” was recognized as an export house by Government of India in 1979. Technocraft manufactures high precision and sophisticated Drum Closures Products and it successfully managed to capture the Middle East, USA and Europe export markets. Promptly the company established several foreign subsidaries for stock mobalisation to their foreign customers. From inception till 1994, Technocraft continued developing and increasing the production of Drum Closures until it became one of the largest and most recognized suppliers of Drum Closures in the world. The company subsequently in 1994 acquired “Maharashtra Steel Tubes Ltd” from Sicom, which manufactured Steel Pipes. Technocraft opened an office in United Kingdom (UK) to increase the European market and this was the turning point in its expansion program. In 1997, Technocraft diversified into manufacturing of Cotton Yarn. The Unit was accorded a 100% EOU status. The cotton yarn division is into Manufacturing & Exporting of high quality 100% Cotton Ring Spun Yarn. From NE 20 to NE 40, The spinning mill is equipped with world class Swiss, Japanese and other equipment. The cotton yarn division employs highly trained technical experts in all aspects of yarn spinning. It also has a 15 MW Captive power generation plant in the yarn division to cater to its power requirements. Technocraft as a group has been a predominant player in the precision engineering sector & it has done a forward integration of Tube Division by producing high precision scaffolding systems for building construction. The cotton yarn division has also forward integrated its operations by production & export of Garments through its subsidiary. Technocraft has been constantly upgrading its capacity & improving its standards to meet the ever increasing expectations of its customers. The strategy adopted by the company comprises of growth through constant innovation, enter new categories, and focus both on domestic as well as foreign markets.