Elecon Engineering Company Limited (ELECON.BO)

1,101.60 -36.40 (-3.20%) At close: 03:29PM IST

Elecon Engineering Company Limited

Anand-Sojitra Road
Vallabh Vidyanagar 388120
India
91 26 9223 6469
https://www.elecon.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Prayasvin Bhanubhai Patel BE, MBA	Non-Independent Executive Chairman & MD	120.87M	N/A	1958
Mr. Narasimhan Raghunathan	Chief Financial Officer	N/A	N/A	N/A
Ms. Bhartiben Lalitkumar Isarani	Company Secretary & Compliance Officer	N/A	N/A	N/A
Mr. Dinesh Patel	Group Technical Director	N/A	N/A	N/A
Mr. M. M. Nanda	Head of Gear Division	N/A	N/A	N/A
Mr. P. K. Bhasin	Head of MHE Division	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

Elecon Engineering Company Limited manufactures and sells power transmission and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It provides helical and bevel helical, planetary, worm, high speed, wind turbine, marine, and custom-built gear boxes; customized gear boxes; loose gears; vertical roller mill drives; elign geared, elflex flexible, fluid, scoop controlled variable speed controlled fluid, and torsion shaft couplings; and elevator traction machines. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. It serves cement, sugar, defense, steel, mining, power, plastic, material handling, chemical, palm oil, crane, paper, rubber, marine, and fertilizer industries, as well as windmills and ports. Elecon Engineering Company Limited was founded in 1951 and is based in Vallabh Vidyanagar, India.

Corporate governance

Elecon Engineering Company Limited’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.