Titagarh Rail Systems

Titagarh Rail Systems Limited
Type	Public
Traded as	BSE: 532966; NSE: TITAGARH
ISIN	INE615H01020
Industry	Rail transportation; Defence; Shipbuilding; Engineering
Founded	3 July 1997
Founder	Jagadish Prasad Chowdhary
Headquarters	Titagarh Towers, 756 Anandapur, E.M. Bypass, Kolkata, West Bengal, India
Key people	Jagadish Prasad Chowdhary (Founder and Chairman); Umesh Chowdhary (Vice Chairman and Managing Director); Anil Kumar Agarwal (Deputy Managing Director); Prithish Chowdhary (Deputy Managing Director); Saurav Singhania (Chief Financial Officer);
Products	Freight wagons; Metro trains; Passenger trainsets; Vande Bharat trainsets; Railway propulsion systems; Railway components; Bridges; Defence equipment;
Revenue	₹31.8582 billion (US$330 million) (FY2026)
Net income	₹1.2282 billion (US$13 million) (FY2026)
Owners	Promoter group (40.46%)
Subsidiaries	Titagarh Naval Systems Limited
Website	www.titagarh.in

Titagarh Rail Systems Limited (TRSL) is an Indian manufacturer of railway rolling stock and transportation systems headquartered in Kolkata, West Bengal. The company manufactures freight wagons, metro coaches, passenger trainsets, propulsion and electrical systems, railway components and other transportation equipment.

The company is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. Its operations are organised primarily around Freight Rail Systems and Passenger Rail Systems, while its shipbuilding operations are carried out through the wholly owned subsidiary Titagarh Naval Systems Limited.

As of 31 March 2026, Titagarh reported a standalone order book, including its wholly owned subsidiary, of approximately ₹142.4 billion (US$1.5 billion), and a total order book of approximately ₹275.4 billion (US$2.9 billion) after including its proportionate share of joint-venture projects.