Elecon Engineering- - A pioneering Material Handling Equipment and Asia's largest industrial transmission gear manufacturer

Elecon Engineering Company Limited, a market leader in the industrial gear sector, is one of the leading lights of the Indian industrial sector. The company, which was founded in 1951, has firmly established itself as a global brand, with a wide range of gear solutions, operations in Sweden, the United Kingdom, the United States, the Middle East and South East Asia, as well as a service and distribution network that extends across the globe. Today, the company has annual revenue of more than 300 million.

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In fact, Elecon is not only India's but Asia's largest gear manufacturing and transmission equipment company, with a domestic market share of over 32% in transmission gears. It was also one of the first companies to introduce the concept of mechanised bulk material handling equipment to India, and since then has grown to become the single largest company in the space, having a composite range of almost all types of Gears and bulk. material handling equipment and products.

Elecon benefitted from has being headquartered in one of the world's strongest economies, with some predicting that India will become the world's third-largest economy by 2030, behind only the United States and China. The country's gross domestic product (GDP) grew by 13.8% in the second quarter of 2022, with the economy on track to expand by 7% this year as manufacturing and services rapidly grow following the lifting of pandemic restrictions. The South Asian nation is aiming to create millions of new manufacturing jobs and double exports by 2028.

As a company, over the years Elecon has developed a wide range of products. "Since India was a country that was largely restricted by imports, we had to develop a lot of products, which helped us considerably. We have a very large industrial gear product line," says Prayasvin Bhanubhai Patel, Elecon Engineering's Chairman and Managing Director.