Transteel Targets Rs 1,000 Crore Revenue By 2029, Leveraging AI, Strategic Partnerships

Founder, Promoter, and Managing Director of Transteel Seating Technologies Limited Shiraz Ibrahim dreams big to scale up with periodical review of its strategies to penetrate into the market. Driven by innovation and a customer-first approach, Ibrahim has expanded Transteel’s reach across corporate offices, SMEs, government workspaces, educational institutions, and healthcare sectors. Under his leadership, the company has built a robust portfolio of ergonomic chairs, workstations, desks, and storage solutions, securing contracts with Infosys, ITC, Indigo, Wistron, and Bosch. His strategic investments in automation, digital transformation, and sustainability have positioned Transteel at the forefront of modern workspace solutions.

In an exclusive interview with Bizz Buzz, Ibrahim said since inception their only motto is to keep their clientele happy with quality and service with continuous upgradation in technologies. He has been instrumental in shaping the company’s success since founding it in 1995 in Bengaluru. He said they are eyeing at achieving a revenue of Rs 1,000 crore by 2029.

With a Mechanical Engineering degree from the University of Mysore (1991), he combined technical expertise with entrepreneurial vision to establish Transteel as a leading name in workplace furniture and fit-out solutions. With an expanding nationwide presence, Ibrahim is steering Transteel toward its next milestone – Rs 1,000 crore in revenue by 2029 - while continuing to innovate, scale operations, and enhance customer engagement. His entrepreneurial journey is a testament to resilience, vision, and excellence, making Transteel a preferred choice for world-class office furniture solutions

Please explain about Transteel’s vision and roadmap for achieving Rs1,000 crore revenue by 2029.

Transteel, a leading name in ergonomic office furniture, is driving its growth with a strategic alliance with Deriveit IT Innovations LLP. This collaboration aims to revolutionize workspace interiors by integrating AI-powered, technology-driven solutions for design consultancy, design & build, and general contracting. Committed to sustainability and innovation, Transteel will cater to diverse industries, including corporate offices, education, hospitality, manufacturing, and healthcare. With a target of Rs 100 crore revenue in the first year of this new vertical, the company is well-positioned to execute large-scale projects backed by a robust deal pipeline.

This initiative reinforces Transteel’s strategy to scale operations, strengthen market presence, and deliver smart, sustainable workspace solutions, paving the way for its Rs1,000 crore revenue goal by 2029.

How did the company’s IPO impact its expansion plans?

Transteel’s IPO was a major milestone, fuelling our expansion and strengthening our position in the workplace interior. The successful listing validated investor confidence and enabled us to scale operations, enhance product innovation, and expand our market reach. With the raised capital, we invested in advanced manufacturing, automation, and digital infrastructure, improving efficiency and customer experience. The IPO also accelerated our geographic expansion, strengthening supply chains and retail presence. Overall, it has been a catalyst for growth, driving innovation and reinforcing our commitment to quality, design, and customer satisfaction.

What role does digital transformation play in Transteel’s business strategy?

At Transteel which was established in 1995, digital transformation is at the heart of our business strategy, enhancing customer experiences, streamlining operations, and driving innovation. We have embraced technology across multiple touchpoints to ensure seamless engagement, efficiency, and scalability. To enhance customer experience, we have invested in a user-friendly product discovery platform, enabling informed purchasing decisions. Leveraging AI and analytics, we gain insights into customer preferences, optimize inventory, and personalize recommendations. In manufacturing and supply chain, automation and IoT-based monitoring improve productivity, quality control, and real-time tracking. Our omnichannel approach integrates online and offline experiences, ensuring a smooth and convenient journey for customers across platforms.

How is Transteel leveraging AI and CNC technology in its design and manufacturing processes?

CNC technology is integral to our precision-driven and efficient manufacturing process. By shifting most of the interior fit-out production to our factory, we eliminate errors and minimize on-site work, ensuring seamless execution. The machines are programmed based on 3D renders which are approved by the customer. Once programmed, the machines autonomously handle cutting, edge banding, drilling, welding, and more, eliminating the need for skilled manual labour. This automation ensures consistency, accuracy, and faster turnaround times, delivering high-quality, factory-made products on schedule. By integrating the CNC technology, Transteel guarantees error-free production, reduced material wastage, and enhanced efficiency, redefining modern workspace solutions with precision and reliability.

What is Transteel current total revenue, and what is the projected revenue for FY26?

Transteel’s financial success is a testament to its strategic vision and operational efficiency. In a landmark achievement, the company’s revenue reached Rs. 74.26 crore, reflecting a year-on-year growth of 24.8 per cent. EBITDA and PAT increased by 25.9 per cent and 22.2 per cent, respectively, driven by a growing order book and expansion into new markets. Additionally, the company successfully completed its IPO, which was oversubscribed 49.21 times, raising substantial funds for debt repayment, working capital, and infrastructure development.

Can you share some insights into your partnerships with industry giants like Infosys, ITC, and Bosch?

At Transteel, we take pride in our collaborations with leading corporations such as Infosys, ITC, and Bosch, which reflect our commitment to delivering high-quality, ergonomic, and innovative workplace furniture solutions. These partnerships have allowed us to play a key role in shaping modern, dynamic work environments that enhance productivity and employee well-being.

These collaborations not only reinforce our expertise in workplace furniture but also drive continuous innovation in our product offerings. By understanding the unique requirements of each organization, we craft customized solutions that align with their culture, functionality, and sustainability goals. As we continue to expand, we look forward to fostering more such partnerships that redefine the future of workspaces.

What are Transteel’s expansion plans for the coming years? Are there any new markets or product segments you are targeting?

India’s commercial interior design market is experiencing rapid growth, generating $32.1 billion in revenue in 2023 and projected to grow at a CAGR of 14.3 per cent from 2024 to 2030. This growth is driven by urbanization, rising disposable income, and government initiatives promoting real estate development.

At Transteel, we are evolving from a furniture provider to a complete interior solutions company, offering end-to-end workspace transformation. With this strategic expansion, we are confident of achieving Rs1,000 crore in revenue by 2029, capitalizing on the industry’s momentum and increasing demand for innovative, technology-driven workspace solutions.