About Elecon Engineering Company

Elecon Engineering Company Limited is an Indian public company engaged in the design and manufacturing of Industrial Gears and Bulk Material Handling Equipment (MHE), along with erection and commissioning solutions. It operates manufacturing bases in India, Sweden, the UK, the USA and The Netherlands, with sales offices in Dubai and Singapore. 

The company traces its origins to 1951 in Mumbai under the visionary Late Mr. Ishwarbhai B. Patel, moved to Vallabh Vidyanagar in 1961, and was listed in 1962. Key milestones include installing India’s first CNC machine (1963), commissioning the first stacker‑cum‑reclaimer at Santaldih TPS (1967), founding the Gear Division (1976), acquiring the UK‑based Benzlers and Radicon Group (2010), and commissioning the Bhanubhai Memorial Centre of Excellence (2013). In recent decades, it executed the longest pipe conveyor at Manikgarh Cement (2015) and supplied critical gearboxes for INS Vikrant, India’s first indigenous aircraft carrier  .

Elecon’s footprint spans Asia, the Middle East, Europe, the Americas and Africa, with 2 plants in India and 13 domestic offices. Through its foreign subsidiaries, it operates 4 manufacturing and assembly centres and 10 overseas sales offices, serving 95+ countries, supported by extensive distributor and customer‑representative networks. The consolidated group comprises 14 subsidiaries (3 direct subsidiaries and 11 step‑down subsidiaries) .

Business Segments of Elecon Engineering Company

– By product/vertical (accounting for 90% of turnover):

  – Gears (Reduction gears): 70.16%

  – Bulk Material Handling Equipment: 27.37%

  – Repair and maintenance of bearings, gears, gearing and driving element: 1.27%

  – Repair and maintenance of lifting and handling equipment: 1.20%

Note “accounting for 90% of turnover” refers to the fact that these four product categories together contribute 90% of the company’s total turnover.

– By geography

  – Exports constitute 8.60 Per cent of the entity’s total turnover

Key Management of Elecon Engineering Company

– Prayasvin B. Patel, Chairman & Managing Director

– Narasimhan Raghunathan, Chief Financial Officer

– Bharti L. Isarani, Company Secretary & Compliance Officer

Latest Updates on Elecon Engineering Company

– Gear Division: Order intake of Rs 1,794 crore in 2024‑25, with the order book at Rs 583 crore as on March 31, 2025; the division registered year‑on‑year growth and continued serving steel, cement, power, mining, marine and other sectors .

– MHE Division: Revenue momentum strengthened with order intake of Rs 586 crore and order book of Rs 365 crore as on March 31, 2025; EBIT margin improved on a better product mix and after‑market focus .

– International expansion: The company forayed into exports under the MHE division by securing a significant international order, marking a step towards deeper global markets .

– OEM partnerships: Overseas OEM collaborations outperformed expectations, supporting order inflow and revenue in the Industrial Gear business .

– Revenue mix objective: International business contributed approximately 23 Per cent of consolidated revenue in 2024‑25, with a longer‑term goal of a balanced domestic‑overseas mix .