Taural India, located in Pune, Maharashtra founded by a young entrepreneur Bharat Gite in 2016 to create aluminium casting solutions that could replace imported products in the sectors like defence, energy, healthcare, railways, and aerospace.
India has attained the list to become the world's second-largest aluminium producer. Still, imports account for 60 per cent of total domestic demand, which includes aluminium castings, other than extrusions, rolled aluminium, aluminium foils, and other downstream products.
According to Bharat, however, fewer Indian aluminium casting companies use sand casting technology to produce aluminium alloys in which liquid metal is poured into chemical sand moulds. Currently, these products are imported from countries like China, Europe, etc.
In 2014, Bharat Gite, an ex-BMW, Mahle, initiated the journey with the raw casting of aluminium for both Indian and foreign companies. Functioning with a small team, the company required more quality control systems and machining facilities to provide MNCs with a one-stop solution.
The entrepreneur, shortly after, scouted for potential business partners in Europe and established Taural India in 2016 as a joint venture with Thoni Alutec, a German company with 50 years of experience in aluminium castings with an investment of $40 million.
Taural India utilised a rented location up to 2020. That was the tipping point when it opened its first 24,000 square metre foundry in Pune, Maharashtra, in August 2020. Taural India revealed a turnover of around INR 200 crore in the current Indian financial year.
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