Ajax Engineering Limited, a manufacturer of concrete equipment, plans to launch a new manufacturing and assembly plant at Adinarayana Hosahalli, Karnataka, in FY26. The site will add flexible production capabilities to the company’s portfolio, allowing it to assemble various types of concrete equipment. This development will bring Ajax’s total number of facilities to five.
Ajax Engineering’s existing manufacturing infrastructure includes three major facilities. The Bashettihalli plant, established in 1992, has an annual capacity of 96 SLCMs, 180 concrete pumps, 48 boom pumps, and 3 pavers. The Gowribidanur facility, which began operations in 2014, focuses on Batching Plants and Transit Mixers, with respective annual capacities of 216 and 480 units. The Obadenahalli plant, commissioned in 2018, specializes in the production of SLCMs and has an installed capacity of 7,200 units per year.
The new site is expected to support overall capacity expansion, as current capacity utilization for SLCMs reached 79 percent in FY25.
The company reported revenue from operations of INR 20,739 million in FY25, a 19.1 percent increase from INR 17,414 million in FY24. Profit after tax rose to INR 2,601 million, up 16 percent from the previous year, while EBITDA grew by 15.5 percent to INR 3,181 million. Gross margin improved slightly to 27.1 percent from 26.7 percent in FY24.
SLCM and non-SLCM segment revenue increased by 18 percent each, and spares and services by 33 percent year-on-year.
Ajax Engineering operates through a distribution network of 51 dealers in India and 26 international distributors across 48 countries. As of FY25, it holds approximately 75 percent market share in the Indian SLCM segment. Its customer base has grown at a compound annual growth rate of 23 percent between FY22 and FY25.
Founded in 1992, Ajax Engineering Limited manufactures a wide range of concrete equipment, including SLCMs, Batching Plants, Transit Mixers, Boom Pumps, Slip-Form Pavers, and 3D Concrete Printers. The company has a design and engineering team of 70 employees focused on research and development.