About Kineco Unlisted Shares

Kineco Limited (KL), as per its credit rating report, is engaged in the manufacturing of Fibre Reinforced Plastics (FRP) chemical process equipment. KL was renamed Kineco Private Limited in 2001 and has since diversified into the manufacture of custom molded products and advanced composites, and caters to industries such as aerospace and defense, railways, automotive, and process equipment. The company's clientele includes Bharat Heavy Electricals Limited, Integral Coach Factory, Bhabha Atomic Research Centre, and Research and Development Establishment, Pune, among others. The company was incorporated in 1994 and has its registered office located in Goa.

Overview of Kineco Unlisted Shares

Kineco Limited, headquartered in Goa, India, is a globally recognized leader in advanced composite solutions. Kineco Ltd. is a leading enterprise specializing in composite technologies and products across various high-growth industries. The company has built a reputation for technological advancements and innovation in composites, with a strong presence in railways, aerospace, industrial, defence, and space sectors.

1. Manufacturing & Testing: Equipped with state-of-the-art facilities that meet global standards.
2. Ownership Structure: Majority-owned by founder-promoter Mr. Shekhar Sardessai.
3. Key Partnerships:
4. Kineco Kaman Composites India Pvt. Ltd.: Formerly a joint venture with Kaman Aerospace (US) from 2012 to 2024, now a wholly owned subsidiary.
5. Kineco Exel Composites India Pvt. Ltd.: A JV with Exel Composites (Finland).
6. R&D Focus: Strong emphasis on research and innovation in composite materials, differentiating itself globally.

Key Milestones of Kineco

1995-2005:

1. Established in 1995, began operations.
2. Developed Filament Winding Technology with MoS&T.
3. Partnered for the world’s first Sky Bus Metro using composites.
4. Entered Aerospace & Automotive markets.

2005-2015:

1. Supplied body panels for AI Grand Prix Formula Racing Cars.
2. Won JEC Innovation Award for composite water tanks in Indian Railways.
3. Kaman Aerospace acquired 25% stake, forming Kineco Kaman JV.

2015-2022:

1. Developed Sonar Domes for naval warships (first in India).
2. Supplied Pyrogen Ignitor Cases for Vikram Sarabhai Space Centre.
3. 2019: Recognized by Union Raksha Mantri for Make in India contributions.
4. Launched global rail brand at Innotrans Berlin in 2022.

Business Verticals & Key Offerings

1. Aerospace, Defence & Space

1. Major Customers: Boeing, HAL, BAE Systems, Indian Air Force, DRDO, ISRO.
2. Key Projects:
3. Boeing P-8 Poseidon Aircraft: Mission Crew Workstation (MCW) Console Structure.
4. HAL-LCA Drop Tanks: Nose cone shells & rear cone assemblies.
5. Satellite Antennas for IRNSS & Launch Vehicles (Chandrayaan-3, PSLV, GSLV).
6. BrahMos Missile: Composite canisters.
7. Sonar Domes for Indian Navy.
8. UAV Platforms: HAROP, HERON, T-HERON.
9. Gaganyaan Mission: Crew Orbiter Module Adaptor Assembly (OMA).

2. Railways

1. Largest supplier of interiors for Train 18 (Vande Bharat).
2. Turnkey interiors for DEMU trains exported to Mozambique Railways.
3. Key New Offerings:
4. 1. Automatic Coach Access Steps.2. Water Closet Vacuum Pressure Systems (patent pending).3. New Gen HVAC Systems.

3. Industrial & Telecom

1. Supplies Pultruded composite products to the telecom sector.
2. Structural carbon profiles for Wind Energy.
3. Hydrogen (H2) Fuel Storage Tanks for clean energy.

4. Defence & Security

1. Ultra-lightweight Ballistic Helmets (Project Sanction Order for 80,000 units from MoD).
2. Composite Blister Panels for BAE Systems Type 26 Warships.
3. Modular Carbon Fibre Bridges for military applications.

Global Aerospace Collaborations

Kineco has become a trusted supplier to several of the world’s most prominent aerospace companies. Its client portfolio includes:

• GKN Aerospace – a global engineering group serving the world’s leading aircraft manufacturers.

• FACC – an Austrian aerospace company supplying composite solutions to major OEMs.

• Rolls-Royce – one of the largest manufacturers of aircraft engines globally.

• Airbus – Europe’s largest aircraft manufacturer.

• Embraer – a Brazilian multinational aerospace company.

• Sikorsky (Lockheed Martin) – known for its advanced helicopters.

• Israel Aerospace Industries (IAI) – Israel’s primary aerospace and aviation manufacturer.

These collaborations highlight Kineco’s world-class engineering capabilities and ability to meet stringent global standards.

Strategic Defence Partnerships

In addition to aerospace, Kineco plays a critical role in India’s and allied defense supply chains. Notable defense clients include:

• Adani Defence & Aerospace – working together on several advanced systems.

• BrahMos Aerospace – involved in India’s flagship supersonic cruise missile program.

• Hindustan Aeronautics Limited (HAL) – India’s leading aerospace and defense company.

• Mazagon Dock Shipbuilders Ltd. (MDL) – India’s top shipbuilding yard.

• BAE Systems – a key supplier for platforms like the Boeing P-8 Poseidon maritime patrol aircraft.

Contribution to HAROP Loitering Munition

One of Kineco’s most impactful contributions is to the HAROP loitering munition, a precision-guided drone used in tactical operations, including surgical strikes. Manufactured by Israel Aerospace Industries (IAI) and deployed in conflict zones like Pakistan for precise targeting, the HAROP drone’s entire airframe structure is manufactured by Kineco in collaboration with IAI and Adani Defence.

This showcases not only Kineco’s advanced composite capabilities but also its strategic role in the development of next-generation unmanned aerial systems used by allied nations for modern warfare.

Kineco is rising as A Silent Power in Defense and Aerospace.

Kineco Ltd is more than just a manufacturing company—it is a critical enabler of India’s aerospace and defense ambitions. Through international collaborations and high-precision engineering, Kineco continues to elevate India’s presence in global high-technology sectors, contributing both to national security and industrial excellence.

Management Team

Shekhar Sardessai Chairman & Managing Director - Kineco Ltd.

Key Clients

Recent Developments

1. Acquisition of Semvac A/S (Denmark): A leading sanitary systems supplier for rolling stock.
2. Exit of Indo National Ltd. (INL): Kineco bought out INL’s 51% stake.
3. Full ownership of Kineco Kaman: Acquired 49% stake from Kaman Aerospace (US).
4. Plans to consolidate all aerospace & defence businesses under Kineco Aerospace & Defence.

Awards & Recognition

1. Gold Supplier Award from BAE Systems (USA).
2. ICERP-JEC Innovation Award for Sonar Dome.
3. JEC Innovation Award for Railways Underslung Tanks.
4. Supplier of the Year Awards in multiple segments.