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Company Information

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AJAX ENGINEERING LTD.

04 April 2025 | 12:00

Industry >> Engineering - Heavy

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ISIN No INE274Y01021 BSE Code / NSE Code 544356 / AJAXENGG Book Value (Rs.) 87.04 Face Value 1.00
Bookclosure 52Week High 658 EPS 19.68 P/E 31.00
Market Cap. 6979.96 Cr. 52Week Low 566 P/BV / Div Yield (%) 7.01 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was incorporated as `Ajax Fiori Engineering (India) Private Limited' on July 3, 1992, at Bengaluru, Karnataka, India as a private limited company under the Companies Act, 1956 pursuant to certificate of incorporation issued by the Registrar of Companies, Karnataka at Bengaluru ("RoC"). Separately, an entity named `Ajax Engineering Private Limited' ("Pre-merger AEPL") was incorporated as private limited company under the Companies Act, 1956 pursuant to certificate of incorporation dated December 30, 1983 issued by the RoC. Pre-merger AEPL and Ajax Construtech Private Limited was later merged into our Company pursuant to the scheme of arrangement approved by the National Company Law Tribunal, Bengaluru, vide its order dated March 6, 2019 with the appointed date of April 1, 2018 ("Scheme of Arrangement"). Pursuant to the Scheme of Arrangement, the name of our Company was changed from `Ajax Fiori Engineering (India) Private Limited' to `Ajax Engineering Private Limited' and a fresh certificate of incorporation was issued on March 15, 2019 by the RoC. Subsequently, our Company was converted to a public limited company and the name of our Company changed to `Ajax Engineering Limited' pursuant to a Shareholders' resolution dated August 9, 2024 and a fresh certificate of incorporation dated September 23, 2024 was issued by the Registrar of Companies, Central Processing Centre.

1992
- Our Company entered into agreement to develop the `Self-Loading Concrete Mixer' ("SLCM") in India.

1998
- Our Company and Officine Riunite - Udine S.p.A collaborated to launch the Radius Lift Arm and bin batching plant.

2006
- Our Company collaborated with Eurostar S.p.A to manufacture and distribute planetary mixers,

2012
- Our Company inaugurated second facility at Doddaballapur, Karnataka to manufacture SLCMs.

2013
- Our Company collaborated with another construction equipment manufacturer to introduce the JSP concrete pump.

2014
- Our Company inaugurated third facility in Gowribidanur, Karnataka, for assembly of concrete batching plants.

2017
- Our Company completed 25 years.

2018
- Our Company established dealership mode Pan India.
- Our Company inaugurated fourth facility in Doddaballapur, Karnataka for manufacturing SLCMs.

2019
- Kedaara Capital Fund II LLP purchased 18,592 equity shares of our Company for an amount of ? 2,405.11 million.
- Our Company launched slip-form paver, the first indigenous paver designed and manufactured in India.
- Our Company launched `Self Propelled Boom Pump' ("SPBP").

2023
- Our Company launched 3D Concrete Printing Machine.