Elecon Engineering

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Elecon Engineering Company Limited
Company type Public
BSE:  505700
NSE:  ELECON
IndustryMaterials Handling Equipment
Power Transmission
Power Generation
Foundry
Founded1951;73 years ago (1951)
FounderIshwarbhai B. Patel
Headquarters,
India
Area served
Worldwide
Key people
Prayasvin B. Patel
(chairman & MD)
ProductsIndustrial gears
Material handling equipment
Mining equipment
RevenueIncrease2.svg 1,981.48 Crore
(US$166.5 million) (2024) [1]
Increase2.svg 355.58 Crore
(US$42.46 million) (2024)
Website www.elecon.com

Elecon Engineering Company Limited is an Indian multinational company headquartered in Anand, Gujarat. The company specializes in the manufacturing of industrial gear and material handling equipment. Elecon is one of the largest Asian manufacturers of industrial gears and material handling equipment for core major sector like power, steel, cement, sugar, paper, mining, rubber and many more. [2] Elecon group has subsidiaries such as Eimco Elecon Ltd, Elecon Hydraulics, Elecon Information Technology Ltd (EITL) and Tech Elecon Pvt. Ltd. (TEPL).[ citation needed ]

Contents

The Bhanubhai Memorial Centre of Excellence (BMCE) Copy of front back.jpg
The Bhanubhai Memorial Centre of Excellence (BMCE)

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.[ citation needed ]

In 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 Bucket-wheel excavator, worm drives, helical gears, planetary gears, couplings, Custom built gearboxes, loose gears and spiral bevel gears upto 1000 mm diameter. Its products target industries such as rubber, sugar, plastic, power, marine and mining industries etc..

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

Divisions

Acquisitions and subsidiaries

Acquisitions

In October 2010, Elecon acquired the Benzlers-Radicon Group, the power transmission division of UK-based David Brown Ltd. [3] [4] [5]

Subsidiaries

Source: [6]

The Group of Companies

Associates

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References

  1. "Elecon Annual Report 2023-24" (PDF). Elecon.
  2. "About Us". Elecon Engineering Company Limited. Archived from the original on 11 November 2011. Retrieved 30 December 2011.
  3. "Elecon set to acquire Benzlers Radicon Group from David Brown Gear Systems". Machinist.in. 29 October 2010. Retrieved 30 December 2011.
  4. "Radicon Joins Asian Market-Leader in Industrial Transmissions". Radicon. November 2010. Archived from the original on 28 October 2011. Retrieved 30 December 2011.
  5. "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 30 December 2011.
  6. "Elecon Group Companies | Elecon". elecon.com. Retrieved 17 August 2021.