Titagarh Wagons
Mr. Jagdish Prasad Chowdhary B.Com., MIMA (Exec. Chairman)
Mr. Umesh Chowdhary B.Com. (Vice Chairman, MD & CEO)
Mr. Anil Kumar Agarwal B.Com. ACA, CWA (Chief Bus. & Risk Officer, Joint CFO, Director of Fin. and Director)
Summary
History
Titagarh Wagons' founder Jagadish Prasad Chowdhary began his career working as an account assistant at the Silcoorie tea estate in Darjeeling, West Bengal. He later moved to Calcutta to work as an accountant for Bhartia Electric Steel Co. , a steel casting company, that supplied the Indian Railways. Chowdhary rose within the ranks of the company to eventually become chief executive officer of BESCO. In 1982, Chowdhary purchased the closed foundry division of state-owned Britania Engineering, located at Titagarh. He renamed the business as Titagarh Steels and began manufacturing railway castings such as bogies and couplers. Chowdhary purchased Titagarh Paper through the Board for Industrial and Financial Reconstruction in 1994. However, the operation was a failure and was shut down after the government abolished import duties on paper rendering the company's business unsustainable. Meanwhile, Titagarh Steels began producing crossing components for railways.Chowdhary founded Titagarh Wagons Limited on 3 July 1997 to manufacture railway wagons. The company started out with an annual production capacity of 180 wagons.In 2015, Titagarh Wagons acquired the brand name and know-how of French cast steel bogie manufacturer Sambre et Meuse. On 16 July 2015, Titagarh acquired a 90% stake in Italian rail equipment firm Firema Trasporti for an estimated EUR 25 million. The remaining 10% stake was held by Italian company Adler Plastics SpA. In June 2017, Titagarh announced that it had acquired the 10% stake from Adler Plastics for an undisclosed amount. The company was subsequently renamed as Titagarh Firema SpA. Titagarh Firema designs metro rail coaches and manufactures them at its factories at Caserta, Spello and Tito.In 2019, Titagarh Firema was awarded the contract to supply 102 aluminium bodied metro rail coaches for the Pune Metro by Mahametro. While 3 of the total 34 rakes would be manufactured at the Firema plant in Italy, the remaining 31 trainsets would be manufactured at TWL's facility in Uttarpara. In March 2020, it was reported that Titagarh had suspended plan operations in Italy due to the COVID-19 pandemic.
Mission
Vision
Key Team
Mr. Prithish Chowdhary (Director of Marketing & Bus. Devel. and Whole-Time Director)
Mr. Sudipta Mukherjee (Director of Freight Operations & Whole-Time Director)
Mr. Saurav Singhania (Group Fin. Controller & Joint CFO)
Mr. Ravi Prakash Mundhra (Compliance Officer & Company Sec.)
Mrs. Vinita Bajoria (Sr. VP of Commercial)
Mr. Dilip Jadeja (Chief Operating Officer of Transit & Propulsion)
Recognition and Awards
References
Dive deeper into fresh insights across Business, Industry Leaders and Influencers, Organizations, Education, and Investors for a comprehensive view.
Mr. Jagdish Prasad Chowdhary B.Com., MIMA (Exec. Chairman)
Mr. Umesh Chowdhary B.Com. (Vice Chairman, MD & CEO)
Mr. Anil Kumar Agarwal B.Com. ACA, CWA (Chief Bus. & Risk Officer, Joint CFO, Director of Fin. and Director)