Kranti Industries has progressed from a partnership business to a now-publicly traded company. Its growth has mainly been characterized by the expansion of its manufacturing footprint through the installation of key equipment and acquisition of new facilities. The company has also brought forth multiple rounds of capital infusion to reinforce its growth. Its major growth stage is recognized as its public listing in February 2019 via an IPO, which allowed the company to accumulate significant capital. It further expanded its manufacturing plants and acquired controlling stake in Preciso Metall Pvt Ltd. in April 2023.

Kranti Industries was initially formed as Kranti Precision Tools Private Limited in 1995, but in 2002 it became Kranti Industries Private Limited, and in 2015 transitioned to a public limited company as Kranti Industries Limited. Its business growth has been marked by significant acquisitions, diversification, and product lineup enhancement. Some of the key milestones include its first Horizontal Machining Center installation in 2004, factory acquisition in Pirangut, Pune in 2010, increase in production capacity in 2011, acquiring majority stake in Wonder Precision Private Limited in 2013, and entry into a joint venture with Steel Forge Cast Industries in 2018. Through its journey, the company has persistently worked to enhance manufacturing capabilities and broaden its product portfolio.

On key projects, the company cites its successful diversification of focus from Tractor industries to developing parts for Construction, Auto, commercial Vehicle, Pneumatic Tools, Wind Mill, and Medical Industry in 2014. It also finalized a joint venture with Steel Forge Cast Industries in 2018, which allowed it to extend its business to the machining of forging and casting components. Another major project was its acquisition of a 30% stake in M/s KRANTI SFCI PVT. LTD, transforming the latter into an associate company and commencing operations in Rajkot.

Key events in the company's trajectory include its name change to Kranti Industries Limited in 2015 and its public listing via IPO in 2019, through which it managed to raise Rs 8.58 Crore capital. Other key events are notable partnerships and acquisitions that have contributed to the company's overall growth, including the acquisition of a majority stake in Wonder Precision Private Limited in 2013, the joint venture with Steel Forge Cast Industries in 2018, and the acquisition of a controlling stake in Preciso Metall Pvt Ltd in April 2023.