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What smart money is saying about Triveni TurbineIndia flag

TRITURBINE.BO · Industrials · Industrial - Machinery · Market cap $1.90B

2 funds in our archive have pitched Triveni Turbine — most recently SVN Capital in December 2025.

Company profile

Triveni Turbine Limited, together with its subsidiaries, engages in the manufacture and supply of power generating equipment and solutions in India. The company offers back-pressure and condensing steam turbines for a range of pressure and flow applications; American Petroleum Institute (API) compliant steam turbines; and sustainable modularly arranged pressure reducing turbines, as well as spares parts. It is also involved in the provision of various steam turbine service solutions, such as predictive and preventive maintenance, long term service agreements, troubleshooting and health check-up, automation solutions, improvement and restoration, up gradation, modification and conversion package, balance of plant solutions, turnkey solutions, operation and maintenance, high speed balancing, remote monitoring & diagnostic solution, and training programs; and trading of steam turbines and parts. The company's turbines are used in various applications, such as co-generation, combined heat & power generation, waste to energy, captive power generation, and independent power generation. It serves barge mounted and biomass independent power plants (IPPs), carbon black, cement, chemicals and fertilizers, distillery, district heating, food and beverage, municipal solid waste IPPs, oil and gas, palm oil, pulp and paper, steel, sugar, and textile industries. The company also exports its products. The company was incorporated in 1995 and is headquartered in Bengaluru, India.

Fund coverage · 2 theses

  • SVN Capital
    December 2025

    Triveni Turbine is a dominant small industrial turbine maker with a record order book, high returns, and an asset-light model, with 2025 weakness driven by timing not demand.

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  • SVN Capital
    June 2025

    TTL is a leading global manufacturer of industrial steam turbines, holding the second-largest market share in the sub-30 MW segment and experiencing robust organic growth since its spin-off in 2011.

    Read the full thesis

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