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Titagarh Rail Systems Ltd, incorporated in 1997, operates in the rail transportation, manufacturing, and shipbuilding industries. The company designs, manufactures, and sells a range of products including freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment, bridges, and ships. It serves both the Indian and export markets, and is noted as the only Indian company capable of manufacturing both freight wagons and passenger coaches. Over time, the company has evolved from focusing solely on freight wagon manufacturing to becoming a comprehensive rail systems provider. Titagarh Rail Systems holds about a 25% market share in wagon manufacturing in India and has been involved in projects such as high-speed passenger trains, metro trains, and specialized freight wagons for various industrial applications.