The company’s three main verticals are engineering, metal-formed products and bicycles
and it caters to automotive, railways, construction, mining, and agriculture. "Over the next 3-5 years' timeframe, there is a lot of opportunity for TII in the present mix of business it is in and some of the businesses that we intend to get TII into in the future as well. Growth will have to come from both organic and potentially inorganic means over that time period," said Subbiah, in a communication to shareholders.
TII's revenue in 2019-20 was Rs 2,258 crore as against Rs 2,896 crore in 2018-19. It started an optic lens business and aims to increase production by next year.
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