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What smart money is saying about Triveni Turbine LimitedIndia flag

TRITURBINE.NS · Industrials · Industrial - Machinery · Market cap $2.14B

3 funds in our archive have pitched Triveni Turbine Limited — most recently SVN Capital Fund in June 2026.

Company profile

Headquartered in Bengaluru, India, Triveni Turbine Limited, founded in 1995, operates with its subsidiaries to develop and supply power generation machinery and comprehensive solutions. The company's product portfolio includes a range of steam turbines such as back-pressure, condensing, American Petroleum Institute (API) compliant, and modular pressure-reducing models, alongside crucial spare parts. Triveni Turbine also delivers an extensive array of services for steam turbines, encompassing predictive and preventive maintenance, long-term support agreements, troubleshooting, health assessments, automation enhancements, upgrades, modifications, plant balancing, turnkey solutions, operational management, high-speed balancing, remote monitoring, diagnostics, and training programs. It also trades steam turbines and components. These turbines are integral to various power applications, including co-generation, combined heat and power, waste-to-energy initiatives, and both captive and independent power generation. The company caters to a wide spectrum of industries globally through its export activities, serving sectors like cement, chemicals, food and beverage, oil and gas, pulp and paper, steel, sugar, and textiles, as well as independent power producers utilizing municipal solid waste, biomass, and barge-mounted setups.

Fund coverage · 3 theses

  • SVN Capital Fund
    June 2026

    Triveni Turbine is a leading small steam-turbine maker with an asset-light, cash-generative model, a growing aftermarket annuity, and AI-data-center demand tailwinds.

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  • 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.

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