Millworks Technologies IPO Details

Millworks Technologies Limited is a precision engineering company engaged in the manufacturing of high-accuracy machined components, sheet metal parts, and integrated assemblies for mission-critical applications. The company primarily caters to sectors such as railways, aerospace, defence, and semiconductor industries, where high precision, reliability, and engineering expertise are essential.

The company operates across multiple business verticals, delivering specialized manufacturing solutions tailored to the requirements of each sector.

Aerospace: Millworks Technologies manufactures precision-machined components and sub-assemblies used in aero-engine applications and other aerospace systems.

Defence: The company produces machined components and sub-assemblies including missile airframe components, guidance system housings, structural brackets and mounts, and hydraulic cylinder components for defence applications.

Railways: The company manufactures precision components used in train control systems and rolling stock infrastructure. It also produces components for train and metro door systems, including parts used in door mechanisms and actuators.

Semiconductor Machinery: Millworks Technologies manufactures precision-engineered components and fixtures used in semiconductor manufacturing and testing equipment, including machine base frames, precision brackets and mounts, alignment plates, and equipment housings.

The company executes its operations under both Build-to-Print (BTP) and Build-to-Spec (BTS) manufacturing models, along with full-scope manufacturing and job-work arrangements. Under the Build-to-Print model, components are manufactured strictly according to customer-provided drawings and technical specifications. Under the Build-to-Spec model, the company develops components based on functional and performance requirements defined by customers to deliver solutions aligned with their operational objectives.

As of November 30, 2025, the company operates four advanced manufacturing facilities located in Bengaluru, Karnataka. These facilities are equipped with modern infrastructure including CNC machining centers (3-axis, 4-axis, and 5-axis), CNC turning and turn-mill centers, wire EDM machines, fibre laser cutting systems, CNC press brakes, welding stations, and dedicated assembly and inspection areas to ensure high precision and quality standards.