What we do Elecon Engineering Company Ltd designs and manufactures mission-critical material handling equipment and industrial gear solutions primarily for power transmission and bulk material handling industries. |
Founded in 1,951 |
Market share Leading industrial gear solutions provider in Asia with significant presence in India and growing international footprint. |
Problem solved Solves challenges in bulk material handling and power transmission through advanced gearboxes and conveyance systems enhancing operational efficiency. |
Top clients or who we serve Serves industries like steel, cement, power, mining, defense, and fertilizer, catering to B2B customers globally. |
Key management Chairman & Managing Director: Shri Prayasvin B. Patel (Mechanical Engineer, MBA USA); Independent Director: Mrs. Natasha Treasurywala (top Indian lawyer). |
Our journey and innovations Founded in 1951, diversified from material handling to gear manufacturing, strategic JV and acquisitions in Europe, continuous product innovations and indigenous manufacturing. |
Where we operate Manufacturing in India, UK, Sweden, USA, Netherlands; sales offices in Dubai and Singapore; exports to 95+ countries worldwide. |
Top products or what we offer Industrial gears (helical, bevel, worm), material handling systems including wagon tipplers, stackers, reclaimers, conveyors, wind turbine generators. |
Top brands Benzlers (Europe), Radicon (UK/USA), Elecon (India); known for high-quality industrial gearboxes and bulk material handling equipment. |
Raw materials needed Steel, alloy metals, components for gear manufacturing, electrical and mechanical parts for conveyors and handling systems. |
Raw materials supplier Supplied by trusted vendors primarily in India and Europe with strategic sourcing globally. |
Recurring vs cyclical contribution Revenue is a mix of project-based cyclical and recurring aftermarket services and spares business. |
Our industry position Market leader in India's gear and material handling sectors; expanding global presence with competitive engineering capabilities. |
Financial highlights FY25 consolidated revenue Rs. 2227 crore; PAT Rs. 415 crore; EBITDA margin ~24%; Consistent revenue and profit growth over 5 years. |
Geographical revenue split Majority revenue from India (~77%), growing contributions from USA, Europe, UAE, Asia-Pacific. |
Order book Current order book approx. Rs. 1372 crore, supporting sustainable growth and solid future cash flows. |
Whats driving growth Domestic infrastructure investments, international expansion, innovation in gear tech and material handling products, and aftermarket services. |
Our future plans Target 50% international revenue by FY30, focus on R&D, expand MHE division, strengthen global OEM relationships. |
Our green promise Committed to sustainability with renewable energy use, water conservation, and Science Based Targets initiative approved emissions reduction goals. |
Our people and values Over 2800 employees, strong emphasis on safety, ethics, customer centricity, innovation, diversity and inclusive culture. |
Key challenges ahead Managing geopolitical uncertainties impacting overseas markets, supply chain constraints, and maintaining margin amidst competition. |
Interesting facts First Indian company to manufacture complex gearboxes for Indian Navy; acquired European brands Benzlers and Radicon expanding global reach. |
Risks and strategy Mitigates risks via diversification, technology upgrades, robust internal controls, and maintaining strong order backlog to cushion market volatility. |
