Bajaj Indef (Indef Manufacturing) Achieves Landmark Milestone with Successful Listing on Exchanges

Mumbai (Maharashtra) [India], February 25: Indef Manufacturing Limited (“IML”) (BSE Scrip code: [544364], NSE symbol: [BAJAJINDEF]) has successfully debuted on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), marking a pivotal moment in its evolution as a leader in material handling solutions. The landmark event was celebrated with the ringing of the opening bell at BSE, attended by Shri Shekhar Bajaj – Chairman of IML, Mr. H. A. Nevatia – Founding Member, Mr. Amit Bhalla – Managing Director of IML, Ms. Radha Kirthivasan – Head of Listing & SME, and Ms. Kamala K – Chief Regulatory Officer, BSE.

In 2022, Hercules Hoists Limited (HHL) embarked on a strategic restructuring initiative to enhance its business efficiency and operational focus. This process led to the demerger of its manufacturing division, forming Indef Manufacturing Limited as a standalone entity. The restructuring was officially sanctioned by the Hon'ble National Company Law Tribunal (Mumbai Bench) on August 2, 2024.

Leadership Insights on the Milestone

Shri Shekhar Bajaj, Chairman of Indef Manufacturing Limited, reflected on the significance of this achievement, “Today’s listing is not just a corporate milestone; it symbolizes a new era of focused growth and innovation for Indef Manufacturing Limited. With a legacy spanning over six decades, we now stand as an independent force in the material handling industry. This transition empowers us to drive innovation, strengthen market positioning, and expand our global reach. With world-class manufacturing facilities, a robust business partner network, and an unwavering commitment to quality, we are poised for sustainable and scalable growth. For our shareholders, this listing offers a direct stake in a high-growth manufacturing enterprise driven by excellence and strategic expansion.”

Mr. Amit Bhalla, Managing Director of Indef Manufacturing Limited, shared his vision for the company’s future, “This listing marks an exciting new chapter for IML, reaffirming our dedication to delivering best-in-class hoists, cranes, and material handling solutions. Our legacy is built on providing technically superior products that optimize ROI for our customers. As a newly listed company, we are well-positioned to accelerate innovation, strengthen partnerships, and explore international markets. By capitalizing on our engineering expertise and customer-first approach, we are committed to generating long-term value for our stakeholders, while setting new industry benchmarks.

With a strong distribution network, a dynamic team, and a relentless drive for excellence, we are committed to sustainable expansion and industry leadership. Investing in our people and fostering a culture of continuous learning remains key to our long-term success.”

About Indef Manufacturing Limited

Indef Manufacturing Limited is India's premier provider of hoisting and material handling solutions under the Bajaj Indef brand, built on a legacy of over 60 years. Established as a resulting entity from the demerger of Hercules Hoists Limited, Indef now operates independently, focusing on cutting-edge innovation, engineering excellence, and global market expansion.

With state-of-the-art manufacturing facilities in Khalapur and Chakan, Bajaj Indef offers high-performance lifting solutions tailored for industries ranging from MSMEs to large-scale EPC projects. Powered by advanced automation, precision engineering, and a strong nationwide network, Bajaj Indef products are known for their safety, reliability, and industry-leading quality.

To know more about Bajaj Indef, please visit www.indef.com

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