Figures last updated 21 Oct 2026, 11:00 PM IST · How we work · Report an error
What the company does and where it sits in its industry
Bonfiglioli Transmissions manufactures gearboxes, gear motors, and drive systems for original equipment manufacturers operating across the industry and automation, off-highway mobility, and wind industries. The company produces specific products such as yaw and pitch drives for the wind sector and low- to medium-duty gear motors for industry and automation customers. It operates three separate manufacturing facilities located in Thirumudivakkam, Mannur, and Talegaon to support its production needs. A major portion of its revenue is generated by co-engineering custom products directly with its customers. Furthermore, the business operates under a license agreement with its corporate promoter, granting it the right to manufacture and sell products utilizing the promoter’s proprietary technology, designs, and trademarks. The company distributes its products domestically and exports them to international markets including the United States, Italy, Germany, and China.
Bonfiglioli Transmissions Limited is an India-based manufacturer of technology-led mechanical and electro-mechanical power transmissions and industrial drive solutions. Incorporated in 1998, it is a subsidiary of Italy-based Bonfiglioli S.p.A. and operates across three key business verticals: Industry and Automation Solutions, Off-Highway Mobility, and Wind Industries.
The company caters to original equipment manufacturers (OEMs) and end-users in sectors such as construction, agriculture, mining, renewable wind energy, material handling, food & beverage, and chemicals. In the Off-Highway Mobility and Wind segments, it co-engineers application-specific products directly with OEMs, while also serving Industry & Automation clients via direct sales and an extensive authorized dealer network across India.
Revenue is predominantly generated from the sale of manufactured products, including gearboxes, gear motors, and drive assemblies, supplemented by sale of services, scrap sales, export incentives, and other operating revenues.
The company manufactures helical, bevel, planetary, and worm gearboxes and gear motors, electric motors, variable frequency drives, servo drives, swing and track drives, mixer drum drives, and wind turbine yaw and pitch drives.
The company operates a vertically integrated manufacturing and solution model, co-engineering bespoke drive solutions with OEMs and distributing standard industrial gear motors through direct sales and a pan-India dealer network.
The company is the largest manufacturer in India of gearboxes (gear motors below 15 kNm) and drives catering to OEMs and end-users in Industry & Automation, Off-Highway Mobility, and Wind Industries as of June 30, 2026 by revenue.
Who controls the company, and how much of it they hold
SONIA BONFIGLIOLI, LUCIANO BONFIGLIOLI, LUISA LUSARDI, BON-FI S.R.L., BONFIGLIOLI S.P.A.
Points to weigh, drawn from the offer document and the figures on the other tabs
The company is an end-to-end technology-led power transmissions and industrial drive solutions provider across business verticals, offering capabilities spanning designing, manufacturing, and supplying motion control to power drives.
The company has manufactured and supplied more than 11,800 SKUs as of December 31, 2025 across Industry & Automation, Off-Highway Mobility, and Wind Industries, serving over 20 end-user industries.
The company benefits from the global brand equity of parent Bonfiglioli S.p.A. and access to the group's global and local R&D capabilities, including the R&D Centre in Chennai.
The company served over 930 OEM customers directly in the six months ended June 30, 2026, with seven of its top 10 OEM customers engaged for over 10 years, supported by 44 authorized dealers.
The company operates three manufacturing facilities incorporating Industry 4.0 automation, with aggregate capacity utilization improving from 64.22% in Fiscal 2023 to 73.71% in Fiscal 2025.
The company depends on a limited number of suppliers without long-term contracts; purchases from top 10 suppliers accounted for 41.20% and its largest supplier, related party Bonfiglioli Riduttori S.p.A., accounted for 15.18% of total purchases in Fiscal 2025.
Revenue from the company's top 10 OEM customers accounted for 36.60% of total revenue from operations (continuing operations) in Fiscal 2025, without long-term binding purchase commitments.
The company does not own registered trademarks or patents in its own name and depends on a renewable license agreement with promoter Bonfiglioli S.p.A., paying a 6% royalty on net sales of licensed products.
Sales of yaw and pitch drives to the Wind Industry and low-to-medium duty gear motors to Industry & Automation accounted for 31.53% and 36.49% of continuing operations revenue, respectively, in Fiscal 2025.
Co-engineering products for Off-Highway Mobility and Wind customers takes up to 30 months, exposing the company to technology obsolescence, cost escalations, and customer requirement changes.