In the 1990s when many engineering graduates were trying their luck in the U.S. Gite chose Germany for his higher studies in metallurgy engineering. After graduating from the College of Engineering Pune (CoEP) he did post-graduation in Germany and spent 10 years working there.  Returning To India Starting Own Business He later returned to Pune and founded a sand casting startup with just 10 workers naming it G&B Metal Castings. Though he had clients in Europe couldn’t get the capital. In 2016 he convinced German-Polish casting company Thoni Alutec to invest Rs 350 crore in India this is when Taural India was founded. After hands-on experience in German foundries Gite mastered production processes and also deeply understood German quality standards. Taural India invested in dual knowledge transfer like training Indian engineers abroad and bringing German experts to India for on-ground guidance. “Initially we reverse-engineered some critical parts but later built our own R&D design and simulation teams to enable localization” he said in an interview with CNBC. Taural India’s Rapid Growth Taural India’s real growth story started after 2020 when the company moved out of a rented facility and into its own large-scale production plant. Gite shared “Initially our turnover was Rs 30-40 crore. Today weve crossed Rs 300 crore and have been growing at an annual rate of 25–30% over the past four years.” In just a few years Taural India increased its capacity and valuation. Gite estimates the companys current valuation can cross over Rs 700 crore. The initial investment of Rs 350 crore went into setting up the Pune plant in Chakan. Now a new Rs 500 crore facility is coming up in Supa near Ahmednagar (Ahilyanagar) of which Rs 200 crore has already been invested. Once the Supa plant becomes operational production capacity is expected to grow fourfold. Gite anticipates annual growth reaching 35–40% in the coming years. Beating China Through Local Sourcing From a team of just 10 in 2016 Taural India now has 800 people many from rural Maharashtra where farming struggles are common. Gite noted “Earlier European clients would place orders a year in advance and pay upfront to stock materials. Now they receive the same products in real-time faster cheaper and locally made.” While the company started in Germany Taural now exports castings to countries like Switzerland Bulgaria Sweden Czech Republic Vietnam South Korea the U.S. and Japan. Its major clients include General Electric Siemens Hyosung and ABB.