Remsons Industries Targets ₹900–1,000 Cr Revenue by FY30

Remsons Industries is targeting a major scale-up in its business, aiming to nearly double revenue to ₹900–1,000 crore by FY29/FY30, while diversifying beyond its traditional automotive control cable business. Key Highlights • FY26 revenue stood at around ₹469 crore, with the company targeting ₹900–1,000 crore over the next few years. • Remsons is expanding into sensors, gear shifters, pedal systems, lighting, railways and defence components. • The company has secured a ₹300 crore multi-year supply contract with Stellantis. • A new locomotive component facility in Chakan has been established, with Remsons targeting around ₹150 crore railway revenue over the next 3–4 years. • Management is targeting 13–14% EBITDA margins over the next 2–3 years, compared with 8.7% in Q1 FY27. Why It Matters Remsons is attempting to transform from a largely automotive cable-focused manufacturer into a diversified engineering components company. The interesting part is not just the revenue target, but the planned shift towards higher-value products and railway/defence applications, which management expects to support margin expansion. Execution remains key—the company needs to nearly double its FY26 revenue while improving margins from current levels to achieve its stated targets.