India's Richest People 2026 edition · 1 director · Source: Hurun India
- #912 Vijay Krishnawamy & family ₹3,200 Cr
Market Cap
₹6,354 Cr
AJAXENGG · NSE
Share Price
₹555.40
-1.17% today
Revenue
₹2,103 Cr
FY 2025-26 · +1.4% YoY
EBITDA
₹263 Cr
Margin 12.5%
Net Profit
₹227 Cr
FY 2025-26 · -12.6% YoY
P/E (TTM)
26.6x
P/B 4.3x
ROE
17.7%
ROCE 23.6%
Authorised capital
₹12.05 Cr
Registered with MCA
About Ajax Engineering Limited
Data last updated:
Ajax Engineering Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 03 July 1992 and has been in existence for over 34 years.
Its director Vijay Krishnawamy and family are #912 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L28245KA1992PLC013306. Its GSTIN is 29AABCA2035K1ZT (Karnataka). The company holds 15 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544356 and NSE: AJAXENGG.
The company has an authorised share capital of ₹12.05 Cr and a paid-up capital of ₹11.44 Cr. It was formerly known as Ajax Fiori Engineering (India) Private Limited. It is led by directors including Shubhabrata Saha (Managing Director) and Krishnaswamy Vijay (Whole-Time Director).
Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 253/1 11th Main Road 3rd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,102.54 Cr, a growth of 1.4% compared to the previous year. For the same year it recorded a net profit of ₹227.48 Cr (net margin 10.8%) and EBITDA of ₹262.71 Cr (EBITDA margin 12.5%). The net worth stands at ₹1,392.22 Cr (up 20.3% YoY). Total assets are valued at ₹1,394.47 Cr (up 20.2% YoY).
The company has about 541 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Ajax Engineering and Ajax Fiori. As per MCA filings, the company has open charges of ₹29 Cr and satisfied charges of ₹134.02 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending. The company has 16 deals on record (12 secondary share transfers, 2 market trades, 1 ipo), with disclosed funding of ₹2.86 Cr; the latest was in September 2026. Its 4 peer companies in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 1 smaller; the largest is Epiroc Mining India Private Limited with revenue of ₹2,425.6 Cr. The company has 5 MSME Form 1 returns on record between 2023 and 2024, listing 4,356 overdue payments to 104 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ajax-engg.com.
Company details
CIN L28245KA1992PLC013306
Registration Number 013306
Incorporation Date 03 July 1992
ROC Bangalore
Listing Status Listed - Listed on NSE (AJAXENGG); Listed on BSE (544356)
Company Status Active
Date of Last AGM 05 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Ajax Engineering has undergone 2 name changes throughout its history. The company was previously known as Ajax Fiori Engineering (India) Private Limited, and Ajax Engineering Limited. The current legal name is Ajax Engineering Limited.
| Company Name | Status |
|---|---|
| Ajax Engineering Limited | Current |
| Ajax Fiori Engineering (India) Private Limited | Previous |
CIN history
Ajax Engineering has one previous CIN (Corporate Identification Number): U28920KA1992PTC013306. The current CIN is L28245KA1992PLC013306, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28245KA1992PLC013306 | Current |
| U28920KA1992PTC013306 | Previous |
Key People
Shubhabrata Saha Managing Director Krishnaswamy Vijay Whole-Time Director Jayashree Satagopan Director Recognitions & Rankings of Ajax Engineering
Contact details
Ajax Engineering Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address253/1 11th Main Road 3rd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment
Comprehensive company report
Ajax Engineering Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ajax Engineering operates two associated brands: Ajax Engineering and Ajax Fiori. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Concreting equipment and machinery are manufactured and supplied by AJAX. | ajax-engg.com | |
| Produces high-quality concrete construction equipment for cement production and building projects. | ajax-fiori.com |
Business activity
The main business activity of Ajax Engineering is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ajax Engineering Limited, buy the company report.
Financials of Ajax Engineering Limited
FY 2025-26 filings availableAjax Engineering Limited reported revenue of ₹2,102.54 Cr (up 1.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹2,103 Cr
+1.4% YoY
EBITDA
₹263 Cr
-17.4% YoY
Profit After Tax
₹227 Cr
-12.6% YoY
Net Worth
₹1,392 Cr
+20.3% YoY
Total Assets
₹1,394 Cr
+20.2% YoY
Total Debt
₹1.83 Cr
+3.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,103 | 2,074 | 1,741 | 1,151 | 763 | 742 | 736 |
| Revenue growth | +1.4% | +19.1% | +51.3% | +50.8% | +2.9% | +0.8% | - |
| EBITDA | 263 | 318 | 276 | 171 | 90.48 | 129 | 133 |
| EBITDA margin | +12.5% | +15.3% | +15.8% | +14.8% | +11.9% | +17.4% | +18.1% |
| Profit before tax | 301 | 351 | 302 | 183 | 90.42 | 129 | 131 |
| Net profit | 227 | 260 | 226 | 136 | 66.27 | 95.65 | 99.68 |
| Net profit margin | +10.8% | +12.5% | +13.0% | +11.8% | +8.7% | +12.9% | +13.5% |
| EPS (₹) | 19.56 | 22.73 | 19.68 | 1,187.87 | 2,314.97 | 3,405.31 | 3,490.56 |
| Balance sheet | |||||||
| Total assets | 1,394 | 1,160 | 927 | 729 | 588 | 515 | 430 |
| Net worth | 1,392 | 1,157 | 918 | 714 | 578 | 512 | 414 |
| Total debt | 1.83 | 1.77 | 8.24 | 11.57 | 7.16 | 0.81 | 15.26 |
| Cash & bank | 169 | 67.48 | 71.25 | 9.05 | 22.65 | 153 | 3.00 |
| Net working capital | 214 | 296 | 107 | 49.33 | 121 | 269 | 80.49 |
| Cash flow | |||||||
| Cash from operations | 377 | 42.72 | 207 | 185 | 84.72 | 71.54 | 131 |
| Cash from investing | (257) | (34.66) | (116) | (193) | (129) | (6.54) | (109) |
| Cash from financing | (0.36) | (25.51) | (25.46) | (0.34) | (0.40) | 0.39 | (13.85) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487 | 475 | 758 | 434 | 445 | 467 | 756 | 548 |
| Revenue growth (YoY) | +9.5% | +1.7% | +0.3% | -20.9% | +47.8% | -0.5% | - | - |
| Other income | 19.82 | 18.20 | 13.22 | 13.26 | 10.09 | 12.60 | 11.73 | 6.90 |
| Total expenses | 436 | 415 | 643 | 392 | 400 | 405 | 645 | 460 |
| EBITDA | 51.46 | 59.14 | 115 | 41.40 | 45.26 | 61.39 | 111 | 88.06 |
| EBITDA margin | +10.6% | +12.5% | +15.1% | +9.5% | +10.2% | +13.2% | +14.7% | +16.1% |
| Depreciation | 3.02 | 2.83 | 1.88 | 2.86 | 2.66 | 2.98 | 2.82 | 2.83 |
| Interest | 0.04 | 0.20 | 0.05 | 0.09 | 0.07 | 0.07 | (2.43) | 0.56 |
| Profit before tax | 68.22 | 74.31 | 126 | 51.71 | 52.62 | 70.94 | 122 | 91.57 |
| Tax | 17.31 | 18.70 | 31.00 | 13.47 | 13.55 | 18.07 | 31.23 | 23.45 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487 | 475 | 758 | 434 | 445 | 467 | 756 | 548 |
| Revenue growth (YoY) | +9.5% | +1.7% | +0.3% | -20.9% | +47.8% | -0.5% | - | - |
| Other income | 19.82 | 18.20 | 13.22 | 13.26 | 10.09 | 12.60 | 11.73 | 6.90 |
| Total expenses | 436 | 415 | 643 | 392 | 400 | 405 | 645 | 460 |
| EBITDA | 51.46 | 59.14 | 115 | 41.40 | 45.26 | 61.39 | 111 | 88.06 |
| EBITDA margin | +10.6% | +12.5% | +15.1% | +9.5% | +10.2% | +13.2% | +14.7% | +16.1% |
| Depreciation | 3.02 | 2.83 | 1.88 | 2.86 | 2.66 | 2.98 | 2.82 | 2.83 |
| Interest | 0.04 | 0.20 | 0.05 | 0.09 | 0.07 | 0.07 | (2.43) | 0.56 |
| Profit before tax | 68.22 | 74.31 | 126 | 51.71 | 52.62 | 70.94 | 122 | 91.57 |
| Tax | 17.31 | 18.70 | 31.00 | 13.47 | 13.55 | 18.07 | 31.23 | 23.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,103 | 2,074 | 1,741 | 1,151 | 763 | 742 | 736 |
| Revenue growth | +1.4% | +19.1% | +51.3% | +50.8% | +2.9% | +0.8% | - |
| Other income | 49.18 | 42.81 | 38.67 | 21.44 | 8.56 | 9.34 | 7.06 |
| Total expenses | 1,840 | 1,756 | 1,466 | 980 | 673 | 613 | 603 |
| Employee cost | 0.00 | 110 | 87.11 | 72.31 | 66.88 | 61.06 | 55.87 |
| EBITDA | 263 | 318 | 276 | 171 | 90.48 | 129 | 133 |
| EBITDA margin | +12.5% | +15.3% | +15.8% | +14.8% | +11.9% | +17.4% | +18.1% |
| Depreciation | 10.37 | 10.93 | 10.27 | 8.56 | 8.20 | 7.96 | 7.97 |
| Interest | 0.28 | (0.87) | 2.03 | 0.68 | 0.42 | 0.89 | 0.63 |
| Profit before tax | 301 | 351 | 302 | 183 | 90.42 | 129 | 131 |
| Tax | 76.08 | 90.79 | 76.77 | 47.05 | 24.22 | 31.96 | 31.58 |
| Net profit | 227 | 260 | 226 | 136 | 66.27 | 95.65 | 99.68 |
| Net profit margin | +10.8% | +12.5% | +13.0% | +11.8% | +8.7% | +12.9% | +13.5% |
| EPS (₹) | 19.56 | 22.73 | 19.68 | 1,187.87 | 2,314.97 | 3,405.31 | 3,490.56 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.44 | 11.44 | 11.44 | 11.44 | 2.86 | 2.86 | 2.86 |
| Reserves & surplus | 1,381 | 1,146 | 907 | 702 | 575 | 509 | 412 |
| Shareholders' funds (net worth) | 1,392 | 1,157 | 918 | 714 | 578 | 512 | 414 |
| Secured loans | 0.00 | 0.00 | 6.23 | 10.14 | 7.16 | 0.16 | 15.14 |
| Unsecured loans | 1.83 | 1.77 | 2.01 | 1.43 | 0.00 | 0.65 | 0.12 |
| Total debt | 1.83 | 1.77 | 8.24 | 11.57 | 7.16 | 0.81 | 15.26 |
| Total liabilities | 1,394 | 1,160 | 927 | 729 | 588 | 515 | 430 |
| Assets | |||||||
| Gross block | 241 | 226 | 208 | 205 | 188 | 135 | 151 |
| Net block | 182 | 176 | 167 | 167 | 157 | 112 | 135 |
| Capital work in progress | 34.98 | 20.64 | 17.35 | 6.11 | 7.29 | 0.79 | 0.99 |
| Investments | 952 | 656 | 625 | 495 | 296 | 80.80 | 201 |
| Inventories | 165 | 258 | 227 | 173 | 172 | 254 | 143 |
| Sundry debtors | 179 | 165 | 88.22 | 75.03 | 54.74 | 59.93 | 56.43 |
| Cash & bank balances | 169 | 67.48 | 71.25 | 9.05 | 22.65 | 153 | 3.00 |
| Loans & advances | 44.68 | 120 | 21.46 | 25.96 | 14.78 | 15.39 | 6.37 |
| Total current assets | 558 | 609 | 408 | 283 | 265 | 483 | 208 |
| Total current liabilities | 343 | 313 | 300 | 234 | 144 | 214 | 128 |
| Net working capital | 214 | 296 | 107 | 49.33 | 121 | 269 | 80.49 |
| Total assets | 1,394 | 1,160 | 927 | 729 | 588 | 515 | 430 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 45.95 | 63.39 | (3.04) | 5.78 | 50.00 | (14.75) | (7.40) |
| Net cash from operating activities | 377 | 42.72 | 207 | 185 | 84.72 | 71.54 | 131 |
| Net cash from investing activities | (257) | (34.66) | (116) | (193) | (129) | (6.54) | (109) |
| Net cash from financing activities | (0.36) | (25.51) | (25.46) | (0.34) | (0.40) | 0.39 | (13.85) |
| Net change in cash | 120 | (17.45) | 66.44 | (8.82) | (44.22) | 65.40 | 7.65 |
| Closing cash | 169 | 67.48 | 71.25 | 9.05 | 22.65 | 153 | 3.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.4% | +19.1% | +51.3% | +50.8% | +2.9% | +0.8% | - |
| EBITDA growth | -17.4% | +15.5% | +61.4% | +88.7% | -29.8% | -3.1% | - |
| PBT growth | -14.2% | +16.2% | +65.0% | +102.3% | -30.1% | -1.6% | +9997.0% |
| Net income growth | -12.6% | +15.2% | +66.0% | +105.2% | -30.7% | -4.0% | - |
| Revenue CAGR (3Y) | +22.2% | +39.5% | +32.9% | +16.1% | - | - | - |
| EBITDA CAGR (3Y) | +15.4% | +52.1% | +28.8% | +8.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +10.7% | +12.5% | +12.9% | +11.8% | +8.7% | +13.1% | +13.6% |
| Return on capital employed | +23.6% | +33.6% | +36.7% | +27.9% | +16.5% | +27.6% | +30.7% |
| Return on net worth | +17.7% | +25.1% | +27.6% | +21.0% | +12.2% | +21.0% | +24.1% |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.04 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.11 | -0.28 | 0.77 | 0.42 | 0.51 | 0.74 | 0.50 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 9.01 | 9.56 | 8.44 | 5.86 | 4.72 | 5.17 | 4.87 |
| Inventory turnover | 9.95 | 8.56 | 8.71 | 6.67 | 3.58 | 3.74 | 5.16 |
| Debtors turnover | 12.24 | 16.40 | 21.33 | 17.74 | 13.31 | 12.75 | 13.04 |
| EPS (₹) | 19.68 | 22.73 | 19.68 | 1,187.87 | 2,314.97 | 3,405.31 | 3,490.56 |
| Dividend per share (₹) | 0.00 | 0.00 | 2.17 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 121.69 | 101.14 | 80.23 | 6,238.97 | 20,219.37 | 17,898.53 | 14,491.26 |
To see the full year-wise statements and ratios of Ajax Engineering Limited, buy the company report.
Board of directors of Ajax Engineering Limited
Ajax Engineering has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnaswamy Vijay | Whole-Time Director | 03 Jul 1992 | 34 Years 4 Months | Current |
| Shubhabrata Saha | Managing Director | 02 Jan 2023 | 3 Years 10 Months | Current |
| Jayashree Satagopan Also directs: Skanray Technologies Limited, Sun Pharma Laboratories Limited | Director | 09 Aug 2024 | 2 Years 3 Months | Current |
| Doddaballapur Prasanna Achutarao Also directs: Acunova Life Sciences LLP, Mangalore Chemicals and Fertilisers Limited, Skanray Technologies Limited and 1 more | Director | 06 Jul 2023 | 3 Years 4 Months | Current |
| Shishir Joshipura Also directs: Kilburn Engineering Ltd, Kalyani Steels Ltd, Kilburn East End Private Limited and 2 more | Additional Director | 17 Sep 2026 | 0 Years 1 Months | Current |
| Sachin Rajkumar Nandgaonkar Also directs: RPG Life Sciences Limited, Vibgyor Pixel Prints Private Limited, Sterlite Electric Limited and 1 more | Nominee Director | 18 May 2026 | 0 Years 5 Months | Current |
Peer comparison
Ajax Engineering Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Epiroc Mining India Private Limited | ₹2,425.6 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Volvo Ce India Private Limited | ₹2,287.05 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Ajax Engineering Limitedthis company | ₹2,102.54 Cr (FY 2026) | ₹227.48 Cr | 10.8% | 1.4% | Bangalore, Karnataka, India | |
| Liugong India Private Limited | ₹1,416.52 Cr (FY 2024) | 50.0% | New Delhi, Delhi, India | |||
| Ammann India Private Limited | ₹958.5 Cr (FY 2025) | 1.0% | Mehsana, Gujarat, India |
To see the full peer comparison of Ajax Engineering Limited, buy the company report.
Charges & borrowings
Open charges
₹29 Cr
Satisfied charges
₹134.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 1993 | 80017194 | State Bank of India | ₹29 Cr | Open | |
| 10 Mar 2018 | 100177757 | Others | ₹77 Cr | Satisfied | |
| 28 Sep 2017 | 100153176 | Hdfc Bank Limited | ₹50 Cr | Satisfied | |
| 07 Aug 2014 | 10526467 | State Bank of India | ₹6.95 Cr | Satisfied | |
| 28 Aug 1989 | 90190488 | Karnataka State Financial Corporation | ₹6.84 Lakh | Satisfied |
To see the full charge records of Ajax Engineering Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Ajax Engineering Limited has 16 deals on record (12 secondary share transfers, 2 market trades, 1 ipo), with disclosed funding of ₹2.86 Cr; the latest was in September 2026.
Total deals
16
Secondary share transfers
12
Market trades
2
IPO
1
Funding round
1
Disclosed funding
₹2.86 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹62.04 Cr | Buyer: Sbi Mutual Fund Seller: Sbi Mutual Fund |
| Feb 2025 | IPO | ₹1,269.35 Cr | Investors: IPO Shareholders - Ajax Engineering Limited, Ashoka Whiteoak Icav - Ashoka Whiteoak India Opportunities Fund, Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Small Cap Fund Seller: Kedaara Capital, Jacob Hansen Family Trust, 2 individuals |
| Feb 2025 | Market trade | ₹44.63 Cr | Seller: Morgan Stanley Ifsc Fund |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Ajax Engineering Limited Seller: an individual |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Ajax Engineering Limited , an individual Seller: Fiori Group SPA, an individual |
To see the full deal history of Ajax Engineering Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ajax Engineering Limited has 6 court cases on record: 2 filed by Ajax Engineering, 4 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Total Earth Movers Private Limited | Pending |
| District court, Ernakulam, Kerala | Commercial suit | Filed against the company by M/S Asha Tech (A Partnership Firm) | Pending |
| High Court for State of Telangana | Writ petition | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by an individual | Disposed |
| High Court | Court case (REQ. CASE) | Filed against the company by M/S Yes Motors Pvt. Ltd. | Disposed |
To see the full case history of Ajax Engineering Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ajax Engineering Limited was last rated by Icra on 02 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 02 Jul 2021 |
To see the full credit ratings and regulatory alerts of Ajax Engineering Limited, buy the company report.
MSME payment delays
Ajax Engineering Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 4,356 overdue payments to 104 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 104)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Fluiconnecto India Private Limited | |||
| Grand Polycoats Company Private Limited | |||
| Mathrushree Engineering Works | |||
| A K E Infra Structure Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ajax Engineering Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ajax Engineering has 15 GST registrations: 4 active and 11 cancelled or inactive.
Total GSTINs
15
Active
4
Cancelled / inactive
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCA2035K1ZT | Karnataka | Active | 01 Jul 2017 |
| 36AABCA2035K1ZY | Telangana | Active | 01 Jul 2017 |
| 11AABCA2035K1ZA | Sikkim | Active | 16 Apr 2022 |
| 02AABCA2035K1Z9 | Himachal Pradesh | Active | 19 Aug 2023 |
To see the full GST registrations and return filing status of Ajax Engineering Limited, buy the company report.
Recent activity
Ajax Engineering Limited has 27 board changes on record since 1992: 9 appointments and 18 cessations. The latest: Shishir Joshipura was appointed as Additional Director on 17 Sep 2026.
Appointed
Shishir Joshipura was appointed as Additional Director.
Appointed
Sachin Rajkumar Nandgaonkar was appointed as Nominee Director.
Filing
Ajax Engineering Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Ceased
Tuhin Basu ceased to be CFO.
AGM
Ajax Engineering Limited last Annual general meeting of members was held on 05 Sep 2025 as per latest MCA records.
Ceased
Parin Nalin Mehta ceased to be Director.
Ceased
Raghavan Sadagopan ceased to be Additional Director.
Appointed
Raghavan Sadagopan was appointed as Director.
Ceased
Jacob Jiten John ceased to be Director.
Ceased
Jayashree Satagopan ceased to be Additional Director.
Appointed
Jayashree Satagopan was appointed as Director.
Ceased
Doddaballapur Prasanna Achutarao ceased to be Additional Director.
29 earlier events are in the company report.
News
AJAXENGG: Q2 STANDALONE NET PROFIT 509.1M RUPEES VS 390.7M (YOY)
AJAXENGG: Q2 REVENUE 4.87B RUPEES VS 4.45B (YOY)
AJAXENGG: Q2 EBITDA 514.6M RUPEES VS 452.6M (YOY); Q2 EBITDA MARGIN 10.57% VS 10.17% (YOY)
Frequently asked questions
Ajax Engineering is an active public limited company based in Bangalore, Karnataka, India. The company works in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 03 July 1992 (34+ years old) and is registered under CIN L28245KA1992PLC013306. Listed on BSE: 544356 and NSE: AJAXENGG.
Ajax Engineering reported revenue of ₹2,102.54 Cr for FY 2025-26 (up 1.4% YoY) based on standalone financials.
Ajax Engineering has 6 current directors:
- Shubhabrata Saha - Managing Director
- Krishnaswamy Vijay - Whole-Time Director
- Jayashree Satagopan - Director
- Doddaballapur Prasanna Achutarao - Director
- Shishir Joshipura - Additional Director
- Sachin Rajkumar Nandgaonkar - Nominee Director
The latest financial statements of Ajax Engineering on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ajax Engineering is 29AABCA2035K1ZT, registered in Karnataka. The company has 15 GST registrations in all, of which 4 are active and 11 are cancelled or inactive. Other active GSTINs include 36AABCA2035K1ZY (Telangana), 11AABCA2035K1ZA (Sikkim), 02AABCA2035K1Z9 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Ajax Engineering is L28245KA1992PLC013306. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ajax Engineering is a listed company as per MCA records. Its shares are listed on both BSE (code: 544356) and NSE (symbol: AJAXENGG).
Ajax Engineering has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Ajax Engineering was incorporated on 03 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
Ajax Engineering has 16 deals on record (12 secondary share transfers, 2 market trades, 1 ipo), with disclosed funding of ₹2.86 Cr; the latest was in September 2026.
The peers of Ajax Engineering by revenue are Epiroc Mining India Private Limited, Volvo Ce India Private Limited, Liugong India Private Limited, Ammann India Private Limited, all in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Shishir Joshipura was appointed as Additional Director on 17 Sep 2026. Sachin Rajkumar Nandgaonkar was appointed as Nominee Director on 18 May 2026. Tuhin Basu ceased to be CFO on 13 Oct 2025. Ajax Engineering has 27 board changes on record in total.
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