Tempsens Instruments India - IPO Report

Tempsens Instruments (India) Ltd. (TIIL) is a thermal engineering and specialised cable manufacturer offering customised temperature sensing, electrical heating and specialised cable solutions across industries including power, steel, glass, oil & gas, pharmaceuticals, aerospace and defence. Its portfolio spans 13 product categories across these three verticals.

TIIL has a strong market position, being the largest manufacturer of contact and non-contact temperature sensors in India by revenue, with 10.5% market share in temperature sensors and 21.3% in non-contact sensors in FY26. It is also among the largest electrical-heater manufacturers in India and the only Indian manufacturer of several specialised products, including fibre-optic temperature sensors and online thermal imagers.

Tempsens operates through a Project/OEM and MRO business model, combining high-barrier, approval-driven project orders with recurring replacement demand. It has served 1,000+ unique customers during FY24–FY26 across industries and geographies, supporting customer retention, cross-selling and customer diversification.

TIIL has a customised, R&D-led and backward-integrated manufacturing model, with in-house capabilities across key manufacturing processes and an 83-member R&D team developing specialised thermocouples, mid-voltage heaters, fibre-optic sensors, infrared pyrometers and thermal imagers. Backward integration and indigenisation help reduce import dependence, improve quality control and strengthen its product pipeline.