Barely fifty years ago, the worlds environment was largely in balance.
Modern man in the name of progress has polluted his way towards a
global catastrophe. The starkness of environmental degradation looms us
everywhere. We have been preposterously spoiling it bit by bit and now
the rate of our exploitation is becoming too much to handle for the
environment and it has slowly started giving up. The insane selfish
activities of humans like deforestation, bottom trawling, and wide
spread pollution (toxic and non toxic as well as ground, water and air)
has led us to a point where working in unison to protect it is our only
We here at Elecon believe that it is the right of our children and
theirs to witness the environment in all its glory, which unfortunately
we just read about now because of our actions, Having awakened to the
facts for over 35 years now we have made it the theme of our
publications spread the message to preserve the environment.
Through this, we would like to request you once again to show
environment concern and be a step ahead in preventing the deterioration
of our mother nature.
Lets Preserve Our Environment
- Board of Directors
From left to right : Shri Chirayu R. Amin, Shri Prashant Amin, Shri
Prayasvin Patel (Chairman and Managing Director), Shri Pradip M. Patel,
Shri Hasmukhlal S. Parikh and Dr. Amritlal C. Shah
Elecon at a Glance
Elecon is one of Indias largest manufacturers of Material Handling
Equipments, providing a wide product range that are only being offered
by a few companies throughout the world. We are also amongst the
largest manufacturers of Industrial Gears and Power Transmission
products in India and are the supplier of choice when it comes to
customized gears. Our expertise in the manufacturing of gears helps us
to manufacture wind turbine gearboxes for the alternate energy sector
and we enjoy a significant presence both in India and abroad. Elecon
has designed and implemented several landmark projects throughout the
globe and is a well respected name in the products and services it
With more than 50 years of experience combined with superior state of
the art infrastructural facilities and a highly skilled work force, we
are able to successfully decipher the changing requirements of the
industry and provide them with superior products from time to time.
We successfully cater to, and enjoy a respectable position in core
sectors like Steel, Fertilizer, Cement, Coal, Lignite, Iron Ore Mines,
Power Stations, Sugar, Chemical, Fertilizer, Plastic Extrusion and the
This year we are proud to be associated with the Indian Navy by
providing them with CODOG gearbox for their new generation stealth
warship, the INS Shivalik. These gearboxes are made in technical
collaboration with Renk Gmbh, Germany, world leaders in marine gear
technology to meet the stringent requirement of quality and
We are committed to technological enhancement and industrial prowess
which gives us the motivation to always strive harder and harder to
attain new technological milestones, to stand true on our maxim Always
a step ahead in technology.
Chief Financial Officer Shri Hemendra C. Shah
Shri Paresh M. Shukla
State Bank of India Bank of Boroda EXIM Bank of India Axis Bank Limited
Citi BankN.A HDFC Bank Limited IDBI Bank Limited
Thacker Butala Desai
Registered Office Anand Sojitra Road Vallabh Vidyanagar-388120 Gujarat,
- Management Insight
Our expertise in engineering industries is giving us an opportunity to
expand our global presence and to create a relationship across the
globe to spread our maxim of being Always a step ahead in technology.
- Prayasvin Patel
Chairman & Managing Director
The ever growing market needs effective strategies formation and
speedy execution. Our openness to changes helps us in marching towards
our commitment of becoming a complete solution provider in the
engineering industry. Combined with a robust team spirit we are able to
flow the clients needs while attaining a winrwin situation for our
customers and stakeholders.
- Prashant Amin
Elecon- Group Director
We endeavour to think ahead and prepare for the future. We will remain
focused on our disciplined approach to manage our capital base
efficiently in a manner that leads to a high return on equity and
continual enhancement of stakeholdersvalue.
- Hemendra Shah
Vice-President (Commercial) & CFO
With fluctuating input costs, the key to stability and growth is
speedy completion of projects. We are committed to work towards this
goal and further strengthen our team to achieve excellence in project
- G.S. Kaira,
CEO, MHE Division
After darkness of recession, the dawn is really breaking out and the
Indian Industries have started with a real boom. In Steel, Sugar and
Infrastructure Sector, as well the need of Power and that too of green
energy is being felt by each one of us, for which many new players are
emerging out, though a bit late in the race where Eleconsdreams are
also coming true after a lot of tough waiting.
- Vilas Kalyankar,
CEO, Gear Division
- Corporate Social Responsibility
We at ELECON believe that its one of our core responsibility as a
Corporate to give back to the society in which we operate. Year on year
we have been actively involved in upliftment activities focusing
majorly in the areas nearby apart from employees development
Our yearly commitments include developmental activities in Indiranagar
(the village that we have adopted) near Napad, maintenance of the
Bhanubhai and Madhuben Patel cardiac centre that was built by us at
Shri Krishna Hospital along with other medical facilities, we
contribute in a positive way to 3 schools and 3 parks that we have
built in and around Vallabh Vidyanagar, Gujarat.
Through our social service wing ELCARE and ELF we try to reach out and
offer help wherever possible. Some of our community involvement this
Mega Blood Donation Camp:
India needs around 400 million units of blood each year out of which it
is only able to collect around 5 million units.This leads to a severe
shortage of blood and in many cases deprives people in acute need of
it, causing fatalities. We organize blood donation camps with the IRS
(Indian Red Cross Society) on a regular basis for our employees and
organized a Super Mega Blood Donation Camp for everyone to come and
donate for this cause. We were able to successfully collect 1067 Units
of blood in a single day which is a record number for collection in
Anand and Kheda District.
Scholarship to Students:
We believe that right education is the foundation that the India of
tomorrow will be built upon. So, not letting money be a constraint for
the deserving students to pursue higher education, we give scholarships
to meritious students that cover their food, hostel and tuition fees.
The selection is made by considering the financial situation of the
applicant amongst other things. Last year we offered 45 scholarships
with the number set to increase to 60 students this year.
Apart from these, we have also actively participated in various other
small activities like donation of computers to a school in a nearby
village, organizing various sports events, organizing various cultural
events and creative activities, helping a school for the differently
able (visually impared) children, providing training to students to
help them develop a good and thorough understanding of their fields of
education and reaching out to other societal causes through our social
service wings EL CARE and ELF.
- Material Handling Equipment Division
With around 6 decades of experience Elecon has grown to become the
single largest company having a composite range of almost all types of
Bulk Material Handling Equipments and products to choose from. We were
one of the first companies to introduce the concept of mechanized bulk
material handling in India and have supplied hi-tech material handling
equipments to core sectors like Steel, Fertilizer, Cement, Power, Coal,
Lignite & Iron ore Mines and Port Mechanization across the globe.
Designed, manufactured, supplied and erected a 7.5 kms relocatable-type
Belt Conveyor System in Thailand
Designed, manufactured, supplied and erected a 70 kms long conveying
system at Neyveli Lignite Corporation
The division has a manufacturing facility spread over 1,17,000 sq.
mts., housing CNC machine tools for manufacturing and state of the art
test equipment for quality control.
Elecon made a technical collaboration with M/S CKIT Conveyors Engineers
- Johannesburg, SA. Through this collaboration Elecon will avail
technical support in Pipe Conveyor, Long Distance Through Conveyor,
High Speed Conveyors and Curve Conveyors.
Various orders worth Rs. 608 Mn received fromTecpro Systems Ltd.,
Chennai for the supply of unidirectional bucket wheel
Net Sales for MHE Division increased by 10.66% from
Rs. 5607 Mn in
2008-09 to Rs. 6205 Mn in 2009-10
type stacker cum reclaimer, supply of equipment for coal handling
package (including stacker reclaimer), supply of Slewing and Luffing
stacker, bucket wheel type reclaimer and drive units, supply of
reversible bucket wheel type stacker cum reclaimer with hydraulic drive
and its spares and drive units and its spares.
Order worth Rs. 199.9Mn received from ABG Cement, Mumbai for the supply
of stacker and reclaimers.
Orders worth Rs. 165 Mn received from Anrak Aluminum Ltd. Hyderabad for
the suppy of equipments for coal & limestone handling system
Co-generation Power Plant at Rachapalli village, Visakhapatnam, A.P.
The demand for infrastructural projects has always been amongst the top
agendas of the government and will remain the same, which results in
high demand for material handling solution.Thanks to the government
policy and stimulus packages, more and more investments are expected to
pool in with the implementation of mega projects.
An equal contribution in the growth of the MHE is from the power,
steel, coal, ports and similar industries.
Main Hoist Drive Gearbox For Laddie Crane
Elecon is one of the largest manufacturers of industrial gears and was
the first company in India to introduce modular design concept, case
hardened and ground gear technology. Elecon is the gear supplier of
choice to core sectors like Sugar, Cement, Steel, Fertilizer, Plastic
Extrusion and Rubber. Elecon was the first industrial gear manufacturer
in India to achieve ISO 9001 in 1994, the first to achieve ISO
9001:2000 in 2001 and again the first to achieve the ISO 9001:2008
version in 2010.
The manufacturing facility at Gear Division of Elecon is one of the
largest in Asia and we manufacture the largest range of gear in Asia.
Our plant is acknowledged as one of the most modern facility and has
received appreciation throughout the globe.
Net Sales for Gear Division increased by 8 % from
Rs. 3944 Mn in
2008-09 tons, 4259 Mn in 2009-10
Elecon is the only manufacturer in India to build MW Class Gearboxes
and is the first one to do so. We are also the only manufacturers of
Vertical Roller Mill Gear for the power and cement industry.
Our years of experience and technical expertise helps us understand the
needs of various sectors and to provide them with superior solutions
through which we are able to create a niche in the industry.
- Directors Report
Prayasvin B. Patel
Chairman & Managing Director