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Type | Public |
---|---|
BSE: 505700 NSE: ELECON | |
Industry | Materials Handling Equipment Power Transmission Power Generation Foundry |
Founded | 1951 |
Founder | Ishwarbhai B. Patel |
Headquarters | , India |
Area served | Worldwide |
Key people | Prayasvin B. Patel (chairman & MD) |
Products | Industrial gears Material handling equipment Mining equipment |
Revenue | ₹ 807.15 Crore (US$115.3 million) (2021) |
₹ 36.26 Crore (US$5.1 million) (2021) | |
Website | www |
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. [1] Elecon group has subsidiaries such as Eimco Elecon Ltd, Elecon Hydraulics, Elecon Information Technology Ltd (EITL) and Tech Elecon Pvt. Ltd. (TEPL).[ citation needed ]
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 worm drives, helical gears, planetary gears, couplings, loose gears, Custom built gearboxs 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.[ citation needed ]
In 2012, Elecon Engineering secured two prestigious orders from the NTPC and Tecpro Systems.[ citation needed ]
In October 2010, Elecon acquired the Benzlers-Radicon Group, the power transmission division of UK-based David Brown Ltd. [2] [3] [4]
The Group of Companies
Associates
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