What we do Cranex Ltd manufactures EOT cranes, gantry cranes, and related lifting equipment for industries including defense, space, and infrastructure, specializing in high-demand applications. |
Founded in 1,973 |
Market share One of the leading crane manufacturers in India, supplying both government and private sectors with a strong domestic market presence. |
Problem solved Addresses the need for specialized, heavy-duty cranes in critical sectors like atomic energy, railways, and infrastructure with advanced technology partnerships. |
Top clients or who we serve Serves government bodies and private clients including Larsen & Toubro, Tata Projects, Maruti Suzuki, and Alstom. Operates mainly B2B. |
Key management - |
Our journey and innovations Founded in 1973, converted to public in 1985; modernized facilities; partnered internationally for remote control and crane technology innovations. |
Where we operate Primarily domestic market in India with a minor overseas export presence especially in engineering goods and handicrafts. |
Top products or what we offer EOT cranes, gantry cranes, HOT cranes, jib cranes, winches, electrical hoists, escalators and elevators with remote control technologies. |
Top brands Not specified distinct brands, offers customized crane solutions and infrastructure vertical products. |
Raw materials needed Steel and electrical components mainly for manufacturing cranes and lifting equipment. |
Raw materials supplier Not specified in available data. |
Recurring vs cyclical contribution Revenue is largely project and order driven with maintenance services providing recurring income streams. |
Our industry position Leading domestic crane manufacturer with technology tie-ups maintaining competitive edge in specialized heavy lifting. |
Financial highlights FY 2024-25 revenue of Rs. 51.54 crores with net profit of Rs. 1.95 crores, showing stable profitability despite lower revenue than prior year. |
Geographical revenue split Approximately 51.21% of revenue from domestic markets and 0.33% from overseas markets. |
Order book - |
Whats driving growth Technological upgrades, infrastructure development projects, partnerships for escalators/elevators, and modernized manufacturing capacity. |
Our future plans Expand production capabilities, enhance technology collaborations, and increase market share in urban transit infrastructure segments. |
Our green promise Focus on energy conservation measures reducing power costs and carbon emissions within manufacturing processes. |
Our people and values 135 male and 4 female employees; committed to maintaining ethical business conduct and workplace safety. |
Key challenges ahead Managing competitive pressures, ensuring technology adoption, and sustaining profitable order inflows amidst market fluctuations. |
Interesting facts Has collaboration with University of Washington for computer science education; diversified into software and call center services historically. |
Risks and strategy Risks include market demand variability and regulatory compliance; strategy focuses on technology innovation and strong client relationships. |
