About Indo Farm Equipment Limited

Established in 1994 and headquartered in Chandigarh, Indo Farm Equipment Limited is an ISO 9001:2015 certified manufacturer of pick-and-carry cranes, tractors and engines. The company operates from its advanced manufacturing facility at Baddi, Himachal Pradesh, and markets products under the “Indo Farm” and “Indo Power” brands across India and more than 30 export markets worldwide. Its crane range spans 9–30 Ton pick-and-carry models, while the tractor portfolio covers 16–110 HP in both 2WD and 4WD configurations; the company also highlights an engine line supporting its tractor and crane platforms. Indo Farm serves a broad set of industries including construction, logistics, industrial parks, real estate and agriculture, supported by a nationwide dealer network of 165+ outlets and exports into Asia, Africa, Europe and South America.

The company’s integrated set-up includes in-house R&D and significant backward integration—about 65% of crane components and 40% of tractor components are produced internally—enabling tighter quality control and faster innovation cycles. Indo Farm has one subsidiary, a wholly owned NBFC that supports equipment financing for end customers and dealers, strengthening sales conversion in rural and semi-urban markets.

Key Milestones of Indo Farm Equipment Limited

Key milestones include the company’s first Annual Report post-IPO in FY 2024–25 and the listing of equity shares on BSE and NSE with effect from January 7, 2025. Indo Farm is commissioning a crane-dedicated manufacturing facility at Industrial Area, Malku Majra (near Bhud), Tehsil Baddi, Distt. Solan (H.P), with a capital outlay of Rs 71.13 crore; the plant will add 3,600 units to annual output, taking total capacity to 4,880 units per annum. A strategic technology tie-up to acquire tower crane technology from Sichuan Hong sheng Heavy Machinery is set to broaden the product portfolio further.

Indo Farm Equipment Limited Business Verticals and Geographical Presence

Segment mix (FY 2025, standalone):

• Pick-and-carry cranes: approximately 61.36% of revenue
• Tractors: approximately 38.64% of revenue

Geography mix (FY 2025, standalone):

• India: about 93% of revenue
• Outside India: about 7% of revenue

The company is headquartered in Chandigarh with manufacturing in Baddi, Himachal Pradesh, and sells across India through 165+ dealers with exports to 30+ countries across Asia, Africa, Europe and South America.

Indo Farm Equipment Limited Business Segment

Indo Farm manufactures pick-and-carry cranes (9–30 Ton), tractors (16–110 HP) and engines, backed by in-house R&D and significant component integration. In FY 2025, pick-and-carry cranes contributed approximately 61.36% of revenue and tractors contributed approximately 38.64%. Geographically, India accounted for about 93% of revenue and Outside India about 7%. The company operates from Baddi, Himachal Pradesh, and sells across India and 30+ export markets.

Indo Farm Equipment Limited Key Management

• Ranbir Singh Khadwalia – Chairman & Managing Director
• Anshul Khadwalia – Whole-Time Director
• Charan Singh Saini – Whole-Time Director
• Brij Kishore Mahindroo – Non-Executive Independent Director
• Arshdeep Kaur – Non-Executive Independent Director
• Babita Dosajh – Non-Executive Independent Director
• Varun Sharma – Chief Financial Officer
• Navpreet Kaur – Company Secretary & Compliance Officer

Latest Updates on Indo Farm Equipment Limited

• Public listing: The company’s equity shares were listed on BSE and NSE with effect from January 7, 2025, following an IPO in early January 2025.
• Capacity expansion: Indo Farm is setting up a crane-dedicated plant at Malku Majra, Baddi (H.P), with an investment of Rs 71.13 crore, adding 3,600 units per year and lifting overall capacity to 4,880 units per annum.
• Technology acquisition: The company acquired tower crane technology from Sichuan Hong sheng Heavy Machinery, aimed at widening and modernising its product portfolio.
• Product launches: FY 2024–25 saw the launch of new BS‑V compliant pick-and-carry cranes and new tractor models for domestic and export markets; the crane segment became the largest revenue contributor in the year.
• Network and financing: Indo Farm targets 500 dealers by 2027 and leverages its NBFC arm to enhance access to financing; Barota Finance Ltd’s AUM stood at Rs 131.70 crore as on March 31, 2025, supporting equipment sales growth.