About Azad Engineering Limited

Azad Engineering Limited is a precision manufacturer of highly engineered, complex, mission- and life-critical components for global OEMs in aerospace, defence, oil & gas, energy and industrial technology. Its product range includes 3D rotating airfoils for turbine engines and key parts for combustion, hydraulics, flight-controls, propulsion and actuation used in defence and civil aircraft, missiles, nuclear, hydrogen, gas and thermal power applications. The company serves customers across 17 countries. Azad’s manufacturing footprint is in Telangana, with facilities in Hyderabad, Medak and surrounding industrial parks.

The company traces its incorporation to 1983, and subsequently established a CNC machine shop for airfoils in 2008. Capacity enhancements followed, including a forge shop and heat treatment facility in 2012, a new facility in 2014, and an exclusive manufacturing bay for Mitsubishi Hitachi Power Systems Industries, Ltd. in 2017 to qualify new products and increase capacity. The latest milestone was the successful completion of its IPO and the listing of shares on the BSE and NSE on December 28, 2023. As on March 31, 2024, the company had 1 subsidiary.

Products and services span energy turbine airfoils (stator/rotor airfoils, guide vanes, compressor airfoils and hot gas parts), aerospace APU components and valve assemblies, actuator and hydraulic systems for aircraft, specialised components for missile systems, and oil & gas upstream/midstream components such as slips, drill bits and flex shafts.

Azad Engineering Limited’s Business Segments

Revenue by vertical (FY24): 

• Energy, Oil & Gas: 84% 
• Aerospace & Defence: 13%
• Others: 3%

Revenue by geography (FY24): 

• Domestic: 13% 
• Exports: 87%

Azad Engineering Limited Key Management

• Rakesh Chopdar – Chairman & CEO
• Jyoti Chopdar – Whole-Time Director
• Vishnu Pramod Kumar Malpani – Whole-Time Director
• Madhusree Vemuru – Independent Director
• Subba Rao Ambati – Independent Director
• Michael Joseph Booth – Independent Director
• Ronak Jajoo – Chief Financial Officer
• Ful Kumar Gautam – Company Secretary & Compliance Officer

Latest Updates on Azad Engineering Limited

• Public Listing: Shares listed on BSE and NSE on December 28, 2023.
• New Contracts and Customers: Agreements signed with Rolls Royce, Siemens Energy, Baker Hughes and GTRE/DRDO (Ministry of Defence).
• Order Book: Long-term contracts valued at approximately Rs 3,200 crore, reflecting multi-year visibility with diversified OEMs.
• Capability Expansion: Assets acquired from Leo Primecomp Pvt. Ltd and VTC Surface Technologies Pvt. Ltd to strengthen heavy machining and special processes across nuclear, gas, thermal and oil & gas.
• Capacity Build-out: The company is setting up a Centre of Excellence of ~200,000 sq. mtrs as part of a multi-year capacity expansion.