Established in: 1859
Managing Director: Arup Basu
Greaves Cotton Limited is a conglomerate engineering company, headquartered in Mumbai, Maharashtra. The company is involved in manufacturing clean technology powertrain products for petrol, diesel, and CNG engines and other automotive and non-automotive equipment.
Greaves Cotton Limited became a publicly traded company decades ago and is listed on the BSE and the NSE.
History of Greaves Cotton Limited
Greaves Cotton was established by James Greaves and George Cotton in Mumbai in 1859. The company officially became a private limited company in 1922 and, in 1947, was purchased by Lala Karam Chand Thapar, becoming the foundation for the Thapar Group.
In the following years, Greaves Cotton became a public limited company. In the 1960s, the company shifted from being an importer to becoming a manufacturer. It collaborated with multiple companies to manufacture diamond tools, gears, calendar bowls and diesel engines.
Between 2018-19, Greaves Cotton Limited introduced its electric mobility division with the launch of the high-speed Apere Zeal electric scooter. In 2021, the company launched AutoEVmart, which is a multi-brand EV retail store.
The company is expanding its market presence in the US and European countries while working on strengthening its 2-wheeler and 3-wheeler segments.
Business Segments of Greaves Cotton Limited
The following are the business segments of Greaves Cotton Limited.
This business segment is dedicated to designing and manufacturing internal combustion engines and electric powertrains for automotive, agriculture, industrial and marine applications.
- Greaves Electric Mobility
This segment is involved in developing and producing electric 2-wheelers and 3-wheelers, such as the Ampere brand.
This segment provides multi-brand aftermarket spare parts, vehicle service centres, and agricultural equipment to various sectors.
This segment is focused on operating the EVfin platform and providing customised financial services for electric vehicles.
This business segment is involved in engineering, research and development, and digital services that focus on offering advanced mobility and industrial solutions.
Future Plans of Greaves Cotton Limited
The following are the future plans of Greaves Cotton Limited.
The company aims to expand its EV two-wheelers and three-wheelers manufacturing capacity through its subsidiary, Greaves Electric Mobility. Greaves Engineering is working on building a comprehensive, fuel-independent powertrain solution and auto aftermarket spare parts.
- Energy and Industrial Solutions
The company’s energy segment aims to become a power solution provider, and its industrial division is focused on compact equipment platforms for new applications and to strengthen OEM partnerships.
The company is set to invest hundreds of crores in the medium term to support its core capabilities and drive R&D in multi-fuel engines. Additionally, it focuses on motors that do not rely on scarce, imported, and environmentally taxing rare-earth elements.
Greaves Cotton Limited is also expanding its global footprint, actively targeting markets in Sri Lanka and across Africa.
Subsidiaries of Greaves Cotton Limited
The following are the subsidiaries of Greaves Cotton Limited.
- Greaves Electric Mobility
- Greaves Finance
- Greaves Technologies
- Greaves Technologies Inc. in the USA
- Greaves International Trading FZE in the UAE
- Excel Controlinkage Private Limited
- MLR Auto Limited
- Bestway Agencies Private Limited
Awards and Recognition Received by Greaves Cotton Limited
The following are the awards and recognitions received by Greaves Cotton Limited.
- Gold Award for Best Use of Internal Communication
- Best Integrated Campaign
- Best Digital And Social Media Campaign
- Best Creative Film of The Year
- Excellence in Sustainable Mobility Pioneer
- Best Electric Vehicle Marketing Campaign
- Best Electric Vehicle Manufacturing
- Best E-commerce Fleet Vehicle
Greaves Cotton Financial Highlights
- Revenue: Greaves Cotton reported revenue of ₹3,486.61 crore in FY26 vs ₹2,973.10 crore in FY25. It showed an increase of 17.27% on a yearly basis.
- Operating Profit: Greaves Cotton reported an operating profit of ₹114.91 crore in FY26 vs ₹72.50 crore in FY25. It showed an increase of 58.50% on a year-on-year basis.
- Net Profit: Greaves Cotton reported a net profit of ₹35.29 crore in FY26 vs ₹6.28 crore in FY25. It showed an increase of 661.94% on a yearly basis.
Greaves Cotton Quarterly Result Highlights
- Greaves Cotton reported revenue of ₹985.06 crore in Jun 2026, compared with ₹1,013.36 crore in Mar 2026, representing a decrease of 2.79% on a quarter-on-quarter (QoQ) basis.
- Greaves Cotton reported an operating profit of ₹27.05 crore in Jun 2026, compared with ₹27.63 crore in Mar 2026, representing a decrease of 2.10% on a quarter-on-quarter (QoQ) basis.
- Greaves Cotton reported a profit of ₹6.16 crore in Jun 2026, compared with ₹2.20 crore in Mar 2026, reflecting an increase of 180.00% on a QoQ basis.
- The earnings per share (EPS) of Greaves Cotton stood at ₹4.60 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
