Karamtara Engineering Appoints Puneet Mathur as Senior Vice President of PEB Business

Karamtara Engineering has appointed Puneet Mathur as Business Head (Senior Vice President) of its Pre-Engineered Buildings business, the company said in an announcement dated October 2026. Hrtoday reported the appointment on October 31, 2026. Mathur brings more than three decades of experience across the steel and pre-engineered building industries.

Mathur's Mandate at Karamtara's PEB Unit

In the role, Mathur will lead work to strengthen Karamtara Engineering's PEB business, widen market opportunities, pursue strategic growth and improve operational and commercial performance. The company said his responsibilities draw on his record in profit and loss management, business development, customer relationships, project execution and building sales teams. Karamtara said the appointment comes as it continues to expand manufacturing capacity and its presence in infrastructure and industrial markets.

Mathur joins from Zamil Steel Buildings India Private Limited, where he was Assistant Managing Director for more than four years. Before that he was Business Head – Building Solutions at Tata BlueScope Steel for nearly two years. His longest stint was a nearly 20-year association with Kirby Building Systems India Limited as General Manager, where he headed the prefabricated structural steel business and oversaw project marketing, sales and turnkey project management. He also set up regional sales teams and certified builder networks for steel building erection.

Earlier, Mathur spent about six years at Jindal Iron & Steel Company Limited as Manager, working on customer development and technical projects, including building the original equipment manufacturer customer base for galvanized steel sheets and coils in the white goods sector. He was also involved in initiatives tied to JBS Steel Products Limited, a joint venture between Jindal Iron & Steel and British Steel, and served as Section Head at JBS Steel Products. Mathur holds a Bachelor of Engineering from Shivaji University and completed the Advanced Programme in Strategic Management at the Indian Institute of Management Calcutta.

Karamtara Engineering, established in 1996, makes products for the renewable energy and power transmission sectors, including solar module mounting structures, tracker components, transmission and telecom towers, structural steel profiles, fasteners and overhead transmission line hardware. The company runs eight manufacturing facilities across India and Italy and had exported to more than 50 countries cumulatively as of September 2024. It has outlined plans to expand into wind turbine tower manufacturing and to add production capacity, including proposed manufacturing operations in Saudi Arabia.

Karamtara's Defence Subsidiary and Market Listing

Karamtara Engineering's board approved the incorporation of a wholly owned Indian subsidiary, Karamtara Defence & Aerospace Limited, for defence and aerospace activities, ScanX reported on October 17, 2026. The parent will subscribe 100% of the share capital at ₹10 per share with cash consideration.

On October 6, 2026, ScanX reported that Karamtara Engineering's Q1FY27 net profit rose 45% year-on-year to ₹87.4 crore, with revenue up 72% to ₹158 crore. The same report said EBITDA margin contracted to 11% from 13.05% as costs outpaced growth, and that the company's registered office moved to Worli, Mumbai.

Karamtara Engineering's shares listed on September 17, 2026, Mint reported, among six IPO debuts that day, with Karamtara opening at a premium. BusinessLine reported on September 4, 2026, that the ₹875-crore IPO carried a price band of ₹241-254 per share, comprising a ₹675-crore fresh issue and an offer for sale of up to ₹200 crore, after pre-IPO raises of ₹546 crore.