The 5-year analysis of TIL Ltd's performance infers:
We analysed the performance of TIL Ltd share prices over the last 10 years. Here is what we found out:
TIL Limited was incorporated in 1974 as Spundish Engineers Ltd, in 1986 it got its name changed to TIL. Technology, innovation, leadership - These define TIL as an organization, its attitude and philosophy. For over 63 years TIL has been a growth partner to Indiaâ€™s infrastructure sectors and is amongst the countryâ€™s leading providers of a wide range of technology intensive equipment for infrastructure development that represent some of the finest in global technology.
In the material handling sector, TIL has always been the market leader. TIL has continuously and successfully anticipated the future needs of the industry and introduced state of the art products - with many firsts in the market. The plant at Kolkata is the only purpose built manufacturing facility in this part of the world. Material handling equipment from TIL are recognized as reliable, productive and efficient and over the years TIL has emerged as the countryâ€™s foremost material handling equipment manufacturer and service provider. This is evident from the companyâ€™s growth in recent years.
TIL operates through three Strategic Business Groups â€“ Material Handling Solutions, Construction and Mining Solutions, Power Systems Solutions having a well connected network of offices, factories and product support centres in the country and overseas offices in Nepal and Bhutan. TIL has long term technical and strategic alliances with leading Equipment manufacturers in the world- Caterpillar Inc, Manitowoc crane Group, USA Famak S.A, Poland and Paceco Corp, USA.
The mantra at TIL is to consistently provide highest service accuracy and introduce global best practices and innovation to raise the bar on customer satisfaction and deliver beyond customer expectations. We are committed to deliver the â€œbest value propositionâ€ by providing total solutions to all customers. Our passion remains to offer excellence in product support initiatives, prompt customer response and to be the industry benchmark as a Total Solutions Provider.
As a part of product support initiatives TIL has many successes in Customer Support Agreements like MARC, designed for specific customer requirements, the focus is to provide unparallel service. TILâ€™s 365 Day Service has been recognized by customers and partners as a path breaking tool in product support service. Through innovation and a strong network TIL provides top rung product support solutions that is available in the country today.
A strong customer focused approach and constant quest for quality and innovation enables TIL to attain and sustain its superior position as a customer- partnering organisation.
TIL launched its 6 Sigma initiative in 2002 and this is a continuous, on going process in the company. Through our 6 Sigma projects, we are already witnessing growth benefits, cost savings, enhanced effectiveness and quality improvements. Our 6 Sigma project, â€œSpeedier Service Support' was awarded the Presidentâ€™s Gold Medal among the Asia Pacific Dealers of Caterpillar.
TIL cranes with over 70% market share in India, enjoy excellent acceptance among all user-sectors in the country. As the first choice, TILâ€™s cranes are hard at work in Indiaâ€™s priority areas.
The Defence ServicesOil & PetrochemicalsIrrigation & PowerCoal and Metal MinesSteel PlantsPorts and RailwaysEngineering PlantsFertilisers and ChemicalsConstruction and Infrastructure
Solutions being offered by the company:
Subsidiaries The Company has three subsidiary companies: Myanmar Tractors Limited, TIL Overseas Pte. Limited and Tractors Nepal Private Limited.