Indian Listed AM Company WOL3D Launches 200-Printer Farm, Enters Consumer Products Market

WOL3D, a 3D printing company listed on India’s stock exchange, opened BRAHMA, a manufacturing farm housing over 200 printers, in Mumbai in October. The company launched consumer toy brand Vinglits, pivoting from defense and education-focused B2B operations to consumer product manufacturing. Plans are underway to scale to 1,000 printers by year-end.

BRAHMA Facility Overview

The BRAHMA facility opened in Mumbai’s Byculla area operates over 200 FDM (Fused Deposition Modeling) and SLA (Stereolithography) printers on a 24/7 basis.

Production Capacity

• Current: 10,000 parts per week
• Target: 50,000 parts per week (scaling to 1,000 printers by year-end)

The facility includes a design studio, rapid prototyping lab, and customer experience zone, with all machines networked and monitored in real-time. Each build plate can manufacture up to 25 parts, enabling simultaneous output of up to 5,000 prints.

Founder and CEO Rahul Chandalia stated that “BRAHMA brings together creators, startups, and enterprises under one roof,” positioning the facility as a manufacturing ecosystem.

Vinglits Toy Brand Launch

The company unveiled its consumer toy brand “Vinglits” at the New Delhi Toy Exhibition in July. The brand spans 5 categories with 75 SKUs (from farm animals to unicorns and dinosaurs), uses in-house developed PLA filament, and supports size and color customization.

Annual manufacturing capacity stands at 600,000 units, with plans for domestic sales through partnerships with distributors and retail chains, plus sales via Amazon US. India’s toy industry is valued at ₹1.6 trillion (approximately $1.9 billion).

Company Profile and Financial Performance

WOL3D, founded in 2017, became India’s first listed 3D printing company when it went public on NSE Emerge in September 2023.

FY2024-25 Financial Results

• Total revenue: INR 49.3 million
• Net profit: INR 5.59 million
• Earnings per share: INR 9.76
• IPO proceeds: INR 19 million

The company maintains supply relationships with the Defence Research and Development Organisation (DRDO), Indian Space Research Organisation (ISRO), and over 7,000 educational institutions. In FY2024, it expanded experience centers from 4 to 10 locations.

In November, the company opened a Chennai branch, serving as a South India operations hub covering Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh.

Business Restructuring Plans

CEO Chandalia revealed plans to spin off BRAHMA as a separate subsidiary, stating “We want to keep WOL3D as the machine and materials backbone, and let BRAHMA grow as a product-first consumer brand,” indicating separation of technology/distribution operations (WOL3D parent) from manufacturing/brand operations (BRAHMA).

The company is also exploring entry into subsidy-backed industrial zones offered under Maharashtra state government’s toy cluster policy.

Industry Context

The Indian government aims to increase its global 3D printing market share from 0.3% to 5% over the next three years and plans to establish 50,000 3D printing labs in schools. India’s AM industry is recording annual growth rates of 20-25%.

Analysis: Turning Point for India’s AM Industry

WOL3D’s BRAHMA launch signals India’s AM industry transitioning from the “technology demonstration” phase to the “industrial manufacturing” phase.

The 1,000-printer farm plan particularly suggests environmental similarities with the large-scale 3D printing manufacturing model built over the past decade in Shenzhen and Dongguan, China. Conditions including a 1.4 billion domestic market, low labor costs, and government support for industrial clusters mirror the environment when China grew as a 3D printing manufacturing hub.

However, a critical difference from China lies in market development. While China already has thousands of 3D printing service bureaus with intense competition, India’s market remains nascent. This “undeveloped mega-market” situation provides first-mover companies like WOL3D opportunities to lead market education and pricing.

Absence of Industrial Ecosystem

A more significant difference is India’s near-absence of 3D printer manufacturers. China has developed an industrial ecosystem supporting AM manufacturing, including global printer manufacturers like Bambu Lab and Creality, plus filament material makers, parts suppliers, and consumables manufacturers.

In India, while WOL3D emphasizes “in-house developed PLA filament,” printer bodies and parts likely depend on imports. Operating a 1,000-printer farm requires printer maintenance parts, consumables like nozzles, and stable material supply. Without a domestic supply chain, procurement costs and lead times could become business constraints.

How this industrial infrastructure gap affects the profitability and scalability of large-scale farms like BRAHMA through external dependencies remains unclear at present.

Competitive Environment Shifts

Conversely, environmental similarities predict competitive proliferation. If WOL3D’s BRAHMA succeeds, companies mimicking similar models are likely to enter successively. With declining 3D printer prices, initial investment required to build hundred-unit-scale farms has dropped to levels accessible even without public listing.

For overseas expansion, WOL3D targets “buyers looking to reduce dependence on Chinese supply chains,” but this value proposition is equally available to other Indian companies. True differentiation lies not in manufacturing infrastructure itself but in “what to produce.” The strategic intent behind launching the Vinglits proprietary brand appears aimed at breaking away from pure contract manufacturing to secure pricing power and market positioning control.

Vinglits sales performance and BRAHMA capacity utilization over the next 6-12 months will serve as critical indicators for the viability of “consumer product manufacturing” within India’s AM industry.