1.Company Information
Ajax Engineering Limited was founded in July 1992 and produces a variety of concrete equipment and services along the value chain. As of March 31, 2024, the company has sold over 27,800 concrete equipment units in India over the past ten years and has created 110 concrete equipment types across the value chain. With 76 full-time staff as of March 31, 2024, the design, engineering, and development team accounts for 17.16% of the entire workforce. Ajax Engineering Limited, which specialises in various goods, has four facilities in Karnataka as of March 31, 2024: Obadenahalli, Gowribidanur, and Bashettihalli. The Obadenahalli complex is particularly noteworthy.
With 51 dealerships spread over 23 Indian states as of March 31, 2024, the company has 114 touchpoints, including 51 headquarters and 63 branches, 34 of which double as service centres. The business has 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa as of March 31, 2024. More than 15,700 clients have purchased concrete equipment and spare parts from the company as of March 31, 2024. As of March 31, 2024, the service team comprised 83 workers who supported our dealer network as coordinators, managers, specialists, and customer service executives.
2. Strenghts
1) Market leader in a large and fast-growing SLCM market
2) Leading concrete equipment company with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain
3) Strong in-house design, development and engineering capabilities
4) Technology-led assembly and manufacturing processes and robust supplier network
5) Large dealer network with widespread distribution model
6) Diversified customer base with longstanding relationships in the concrete equipment market
7) Experienced management team supported by qualified and experienced personnel.
3. Objects of the Issue
The Company will not receive any proceeds of the Offer. Each of the Selling Shareholders will be entitled to the respective proportion of proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.
4. Ajax Engineering Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ajaxengineering.ipo@linkintime.co.in
Website: https://linkintime.co.in