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Home | Corporate Overview | Our Evolution

OUR EVOLUTIONA decade of transformation into a future-ready energy powerhouse

At Triveni Turbines, a journey that began with sugar-centric turbine manufacturing has over the last decade evolved into a future-ready turbine solutions provider. From focussing on the sub-30 mw segment, with limited product, service and geographical capabilities, we now deliver complex, scalable solutions up to 100 MW, supporting our customers’ energy transition and efficiency goals. Our transformation is about growing in scale, strength and sophistication.

Transitioned from a traditional to a complex industrial heat and power solutions and turbomachinery provider

FY 15 FY 25

~10 Industries Served

More industries served

20+ Industries Served

Limited aftermarket services across limited geographies

Enhanced competency in manufacturing

  • Renewable heat and power generation
  • Traditional industrial heat and power generation
  • Expanded up to 100 MW
  • Traditional industrial heat and power generation
  • Operated in sub-30 MW

Enhanced competency in manufacturing

  • Comprehensive aftermarket services, including upgrade, repair, parts and spares supply and refurbishment
  • Established local ecosystem across various geographies
  • Set up international turbine assembly and repair facilities

Elevated segment revenues

(₹ million)

Scaled internal competencies

FY 15 FY 25

Focussed on standard production

Upgraded Turbine manufacturing

  • More than doubled capacity
  • Scaled for diverse and high-complexity applications

Lean technical base

Elevated Talent Strength

  • Enhanced manpower strength
  • Broadened and highly-qualified talent pool
  • Higher proportion of engineers, post-graduates and PhDs

Largely domestic network

Strengthened supply chain capabilities

  • Deep, global network, including vendors authorised by Oil & Gas companies for API turbines

Nascent and growing

Augmented R&D prowess

  • Enhanced innovation competencies

Driving internationalisation and diversifying geographically

FY 15 FY 25

50+ countries of presence

  • Subsidiaries in the UK and the UAE*

Expanded geographical presence

80+ countries of presence

  • Subsidiaries in the UK, the UAE*, South Africa** and the USA (added in FY 25)
  • Strong presence in Southeast Asia, Europe, the Americas, and the Southern African Development Community (SADC) region

Deepened domestic penetration and expanded internationally

  • Comprehensive aftermarket services, including upgrade, repair, parts and spares supply and refurbishment
  • Established local ecosystem across various geographies
  • Set up international turbine assembly and repair facilities

Revenue by geography
(₹ million)

Order booking by geography
(₹ million)

*100% step-down subsidiary of the UK subsidiary
**100% step-down subsidiary of the UAE subsidiary

How transformation fuels superior performance

Our sustained growth in scale, competencies and technological capabilities in the last decade has enabled us to outperform the industry consistently and emerge as the top two players globally in up to 100 MW segment.

This exceptional performance was achieved even as the broader steam turbine market declined over the years, including the up to 100 MW segment in which Triveni Turbines operates. This success stems from our proactive investments in research & development (R&D), new product development, and strategic focus on the fast-growing thermal renewables segment, whose share in the overall steam turbine market increased from 42% in 2014 to 73% in 2024.

Our journey of growth and value creation

Revenue (₹ million)

₹ 6,508 FY 15
₹ 20,058 FY 25
12% CAGR

EBITDA (₹ million)

₹ 1,566 FY 15
₹ 5,177 FY 25
13% CAGR

Profit After Tax (₹ million)

₹ 905 FY 15
₹ 3,586 FY 25
15% CAGR

Market Capitalisation (₹ million)

₹ 42,847 FY 15
₹ 1,79,155 FY 25
15% CAGR

Note: CAGR is calculated between FY 15 and FY 25

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