Elecon Engineering

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Elecon Engineering Company Ltd.
TypePublic
BSE: 505700
NSE: ELECON
IndustryManufacturing
Founded1951; 71 years ago (1951)
FounderIshwarbhai B. Patel
Headquarters
Anand, Gujarat
,
India
Area served
Worldwide
Key people
Prayasvin B. Patel
(Chairman & MD)
ProductsMaterial handling systems
Industrial gears
Mining equipment
RevenueDecrease ₹ 807.15 Crore
(US$ 115.3 million) (2021)
Increase ₹ 36.26 Crore
(US$ 5.1 million) (2021)
SubsidiariesEimco Elecon Ltd.
Power Build Private Ltd.
Vijay M. Mistry Construction
Benzlers and Radicon
Websiteelecon.com

Elecon Engineering Company Limited is an Indian multinational company headquartered in Anand, Gujarat. The company has its specialization in the manufacturing sector of industrial equipment. Elecon is one of the largest Asian manufacturers of material handling equipment, industrial gear systems and mining equipment.[1]

History[]

Elecon Engineering was established in 1951 in Goregaon, Mumbai by Ishwarbhai B. Patel. The company's early focus was on engineering, procurement and construction projects in India and initially manufactured custom manufacturing conveyor systems. The company was then registered as a Private Limited company on 11 January 1960.

On May 1960, the company moved to its current location in Vallabh Vidyanagar, Gujarat (now part of Anand). Later, the company was listed on the Bombay Stock Exchange and the National Stock Exchange.

In 1976, the company established its Gear Division, specialising in power transmission equipment and Industrial Gears. It designs and manufactures worm drives, helical gears, planetary gears, couplings, loose gears, custom gear boxs, and spiral bevel gears. Its products target a range of industries, including steel rolling mills, wind turbines, marine applications and space applications.

In 1995, Elecon established its Alternate Energy Division, for the design and manufacture of wind turbines.

In 2012, Elecon Engineering secured two prestigious orders from the NTPC and Tecpro Systems.

Acquisitions and Subsidiaries[]

Acquisitions[]

In October 2010, Elecon acquired the Benzlers-Radicon Group, the power transmission division of UK-based David Brown Ltd.[2][3][4]

Subsidiaries[5][]

  • Eimco Elecon Ltd.
  • Power Build Private Ltd.
  • Vijay M. Mistry Construction
  • Elecon Hydraulics

References[]

  1. ^ "About Us". Elecon Engineering Company Limited. Archived from the original on 11 November 2011. Retrieved 2011-12-30.
  2. ^ "Elecon set to acquire Benzlers Radicon Group from David Brown Gear Systems". Machinist.in. 29 October 2010. Retrieved 30 December 2011.
  3. ^ "Radicon Joins Asian Market-Leader in Industrial Transmissions". Radicon. November 2010. Archived from the original on 28 October 2011. Retrieved 2011-12-30.
  4. ^ "Elecon Engineering Group acquires UK based Benzlers-Radicon Group". Elecon Engineering Company Ltd. 28 October 2010. Archived from the original on 22 February 2012. Retrieved 2011-12-30.
  5. ^ "Elecon Group Companies | Elecon". www.elecon.com. Retrieved 17 August 2021.
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