About Ajax Engineering Ltd. - Company Information, Overview, History and Profile
What does Ajax Engineering Ltd. do?
Ajax Engineering We have developed a product portfolio that includes equipment such as self-loading concrete mixers and batching plants for the production of concrete, transit mixers for the transportation of concrete, boom pumps, concrete pumps and self-propelled boom pumps for the placement of concrete, slip-form pavers for the paving of concrete and 3D concrete printers for depositing concrete. We also continue to assist customers throughout the life of the equipment, and with that aim, we provide spare parts of the equipment sold by us and facilitate the provision of after-sales service by our dealers. Our equipment is sold through our dealers in and outside India to a diverse range of customers, including individual contractors, small and mid-sized contracting companies, rental companies, large construction companies and government construction agencies. As of September 30, 2024, our dealer network comprised of 51 dealerships across 23 states in India, and we are accessible to our customers through 114 touchpoints, which comprise 51 dealer headquarters and 63 branches (of which, 34 also act as service centers) managed and operated by our dealers. Our revenue from operations for the six months period ended September 30, 2024 and September 30, 2023 and the Financial Years 2024, 2023 and 2022 was ?7,699.85 million, ?6,848.59 million, ?17,414.03 million, ?11,511.28 million and ?7,632.89 million, respectively. Of this, 81.48%, 81.71%, 85.13%, 83.06%, and 77.44% for the respective periods/years were generated from the sale of SLCMs.(Source : 202502 Prospectus Page No: 13)
Website: www.ajax-engg.com
Ajax Engineering Ltd. Board of directors
Ajax Engineering Ltd. - company history
Ajax Engineering Limited was incorporated as `Ajax Fiori Engineering (India) Private Limited' on July 3, 1992, at Bengaluru, Karnataka, as a Private Limited Company issued by the Registrar of Companies. Pursuant to Scheme of Arrangement, the Company name got changed from `Ajax Fiori Engineering (India) Private Limited' to `Ajax Engineering Private Limited' and a fresh Certificate of Incorporation was issued on March 15, 2019 by the RoC. Subsequently, the status of the Company converted to a Public Limited and the name of the Company got changed to `Ajax Engineering Limited' dated September 23, 2024 issued by the Registrar of Companies, Central Processing Centre. The Company is in the business of manufacturing self-loading concrete mixers (SLCMs), concrete batching plants and concrete pumps, being used across various sectors. The concrete equipment is deployed across transportation projects such as roads, railway lines, underground tunnels, elevated tracks, flyovers and bridges, irrigation projects such as reservoirs, canals, check dams and aqueducts, and infrastructure projects involving landscaping, drainage and/or construction of airports, power plants, factories, oil and gas terminals, among others. In addition to SLCM portfolio, the Company has a large and diverse range of non-SLCM equipment that cater to various aspects of the concrete production, transportation, placement and paving processes. Non-SLCM product portfolio includes batching plants for concrete production, transit mixers for concrete transportation, boom pumps, concrete pumps, self-propelled boom pumps for concrete placement, and slip-form pavers. The Company started developing the `Self-Loading Concrete Mixer in India during the year 1992. In 2012, the Company inaugurated second plant at Doddaballapur, Karnataka to manufacture SLCMs; introduced the JSP concrete pump in 2013; established third facility in Gowribidanur, Karnataka, for assembly of concrete batching plants in 2014; established fourth facility in Doddaballapur, Karnataka for manufacturing SLCMs in 2018. Following the approval from National Company Law Tribunal, Bengaluru, the Scheme of Arrangement between the Company, Ajax Construtech Private Limited and Pre-merger AEPL, the various undertakings of Pre-merger AEPL and Ajax Construtech Private Limited got merged into the Company in May, 2018. As consideration for the said Demerger, the Company allotted 6.9161 Equity Shares of the Company for every 1 equity share held by the equity shareholders in Premerger AEPL; and five Equity Shares each of the Company to shareholders of Ajax Construtech Private Limited. Resulting this, the Scheme of Arrangement was given effect from April 1, 2018 and made operational from March 6, 2019. In 2019, the Company launched slip-form paver, the first indigenous paver designed and manufactured in India; launched `Self Propelled Boom Pump' (SPBP) and in 2023, it launched 3D Concrete Printing Machine. The Company is planning an Initial Public Offer of 22,881,718 Equity Shares of Face Value of Re 1 each through Offer for Sale.