Millworks Technologies544826New partnership deal

3D printing Centre of Excellence set up with Markforged, USA

Millworks has set up a Centre of Excellence for 3D printing with Markforged Holding Corporation, USA at its facility.

By ScoutQuest · Mon 19 Oct 2026, 3:15 PM IST · 2 min read

27.47%Exports share of revenue

Exports share of revenue: 27.47%.

Machines at Centre: seven machines in total, including industrial 3D printers, supporting post-processing systems and 3D scanning equipment
FY26 Total Income: ₹153.40 crore
FY26 Net Profit: ₹37.06 crore

What was announced

Millworks Technologies Limited, a Bengaluru-based precision engineering manufacturer of machined components, sheet metal parts and integrated assemblies for railways, aerospace, defence and semiconductor sectors, has set up a Centre of Excellence for 3D printing with Markforged Holding Corporation, USA at its facility.

What the Centre contains

Seven machines in total, including industrial 3D printers, supporting post-processing systems and 3D scanning equipment.
Named equipment: the Markforged FX10 industrial composite printer, the Markforged Mark Two (Gen 2) continuous fibre printer, the Formlabs Form 4L and Form 4 resin printers with complete post-processing packages, a MetaForm 700 FDM large-format printer and a 3DeVOK MT 3D scanner for reverse engineering and dimensional inspection.
It runs on Markforged's Digital Forge platform, which connects industrial 3D printers, engineering-grade materials and enterprise software so parts can be produced on demand at the point of need.

What it is meant to do

The Centre is designed to enable rapid prototyping of carbon fibre composite and polymer components for aerospace and defence customers, covering functional prototypes, development parts, fixtures and tooling. Capabilities listed are continuous carbon fibre, Kevlar, fiberglass and high-temperature fiberglass composites; high-resolution and large-format resin printing; and an end-to-end workflow of design, printing, post-processing and 3D scanning, all in-house.

What management said

Managing Director Sridhar Acharya said the Markforged Centre of Excellence adds a strong new capability, as customers increasingly expect development parts within short timelines. With industrial 3D printers and in-house composite and resin printing, the company says it can produce functional prototypes faster than conventional routes. He described the Centre as a strategic investment in the quality and visibility of future revenue, noting that aerospace and defence programmes typically run for many years, so each such qualification can support long-term, recurring business for the precision machining operations.

Business backdrop

The company was founded in 2021, operates four manufacturing facilities in Bengaluru, and was listed on the BSE SME platform on 21 July 2026. It reported total income of ₹153.40 crore, EBITDA of ₹56.65 crore and a net profit of ₹37.06 crore in FY26, with 27.47% generated from exports to customers across twelve countries.

How to read it

The release describes an infrastructure and capability addition along with the company's expectation of considerably shorter development cycles and a faster response to customer requirements. It also restates the company's FY26 income, EBITDA and profit figures for context.

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