Across India, thousands of precision factories run below their full capacity — world-class lathes, presses and casting lines standing idle for want of the next order. CapGrid, a Gurugram company, has built its business on that gap: a cloud manufacturing platform that matches an original equipment manufacturer’s component order with the factory best placed to make it, then carries the part all the way from design to the assembly line.
The idea is simple and powerful. CapGrid owns no factories of its own. Instead, the company says its platform coordinates design, development, production and delivery through a vetted network of third-party manufacturers, using AI and machine learning to match orders with suppliers and to track production schedules and quality requirements. Its Supply Chain Control Tower follows every order through sourcing, procurement, production and delivery, while 14 fulfilment centres across India’s major OEM clusters manage inventory and component deliveries to assembly lines.
That matters because the company’s supplier partners typically run at only around 60% capacity, the company says. By pooling orders from different OEMs, CapGrid puts that spare capacity to work — turning idle machine hours into finished components, and giving smaller manufacturers steady, quality-governed demand they could rarely win on their own.
CapGrid serves OEMs and Tier-1 suppliers across automotive, consumer durables, heavy industries, industrial machinery and agri and off-highway equipment. Its ecosystem covers precision components across fasteners, precision machining, castings, sheet metal, rubber and polymer components, springs and wireforms, and stickers and decals. Beyond making parts, the company says it helps customers develop new products, localise imports that were previously sourced from abroad, and re-engineer components for better cost and performance — the kind of quiet import-substitution work that strengthens an entire supply chain.
The scale of the operation shows how far the model has come. CapGrid reported around Rs 240 crore in operating revenue in FY26 and expects around Rs 350 crore in FY27, with an annualised revenue run rate of Rs 360–370 crore, according to Inc42. Inc42 also reports the company has now raised Rs 50 crore in a pre-Series B round led by Hero Enterprise Venture Partners, at a valuation of around Rs 430 crore, and plans to use the momentum to develop higher-end precision components and to enter drone manufacturing and data centres — two sectors where precision, traceability and reliable delivery matter more than ever.
Founded by Dheeraj Tiwari and Himanshu Raghuvanshi, CapGrid describes itself as a source-to-deliver component manufacturing company, bringing strategic sourcing, global procurement, component manufacturing, quality governance and supply chain execution into one integrated ecosystem. From a single RFQ to a finished part arriving at the assembly line, the company gives its customers control and visibility across the entire component lifecycle.
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India’s factories do not lack capability — they lack coordination. By wiring the country’s precision manufacturing capacity into one intelligent network, CapGrid is making sure the next great Indian product can be built, at scale, from the capacity India already has.
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