| Material handling | Manufacturing and sales of material handling equipment including forklifts and pallet trucks. | Established brand with strong engineering expertise and rental network. | Industrial and logistics sectors (B2B). | New indigenous product lines and rental services. | 111 | 47 | Direct sales and rental income through subsidiary MHE Rentals. | One-time sales and recurring rental fees. | Demand for automated handling solutions and expansion in rental services. | |
| Engineered products | Engineered industrial products including power projects and analytical instrumentation solutions. | Technical expertise with in-house R&D and global partnerships. | Industrial manufacturers and power sector clients (B2B). | High-technology engineering products and project services. | 113 | 47 | Project sales, engineering contracts, and software solutions. | Contract and project-based revenue. | Industrial infrastructure growth and diversification into new technologies. | |
| MHE Rentals | Equipment rental services for material handling machinery. | Market presence as a major rental provider through wholly owned subsidiary. | Manufacturers, warehouses, logistics firms (B2B). | High utilization rental fleet. | 14 | 6 | Rental fees from industrial clients. | Recurring rental income. | Growing preference for rental over purchase in material handling. | |
