About Ajax Engineering Limited
Data last updated: 27 December 2025
Ajax Engineering Limited is a public limited company based in Bangalore, Karnataka, India. It specialises in general purpose and special purpose machinery and equipment, a part of the broader electrical equipment sector. Incorporated on 03 July 1992, the company has been in operation for over 34 years.
Registered with ROC Bangalore under CIN L28245KA1992PLC013306. Listed.
Capital: an authorised share capital of ₹12.05 Cr and a paid-up capital of ₹11.44 Cr. Formerly known as Ajax Fiori Engineering (India) Private Limited and Ajax Engineering Limited. It is led by directors including Doddaballapur Prasanna Achutarao and Krishnaswamy Vijay.
Last AGM: 05 September 2025. Financial statements filed for year ended 31 March 2025. Office: 253/1 11Th Main Road 3Rd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,172.57 Cr, a growth of 52% compared to the previous year.
The company has a workforce of approximately 541 employees as per the latest available data.
The company is associated with 1 brand - Ajax Engineering. As per MCA filings, the company has open charges of ₹29 Cr and satisfied charges of ₹134.02 Cr on record.
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.
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Registered Address253/1 11Th Main Road 3Rd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
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IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Ajax Engineering Limited
Ajax Engineering Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Ajax Engineering Limited | Current |
| Ajax Fiori Engineering (India) Private Limited | Previous |
CIN History of Ajax Engineering Limited
Ajax Engineering Limited 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 |
Associated Brands with Ajax Engineering Limited
Ajax Engineering Limited operates one associated brand: Ajax Engineering. These brands represent Ajax Engineering Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Concreting equipment and machinery are manufactured and supplied by AJAX. | ajax-engg.com |
Auditor Details of Ajax Engineering Limited
Ajax Engineering Limited is audited by S.R. BATLIBOI & ASSOCIATES LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| S.R. BATLIBOI & ASSOCIATES LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Ajax Engineering Limited
Ajax Engineering Limited is currently managed by 8 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
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 0 Months | Current |
| Krishnaswamy Vijay | Whole-Time Director | 03 Jul 1992 | 34 Years 0 Months | Current |
| Jayashree Satagopan | Director | 09 Aug 2024 | 1 Years 10 Months | Current |
| Jacob Jiten John | Whole-Time Director | 01 Apr 2011 | 15 Years 3 Months | Current |
| Rajan Wadhera | Director | 06 Jul 2023 | 3 Years 0 Months | Current |
| Shubhabrata Saha | Managing Director | 02 Jan 2023 | 3 Years 6 Months | Current |
Financials of Ajax Engineering Limited FY 2026 filings available
Ajax Engineering Limited reported revenue of ₹2,102.54 Cr (up 1.38% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Revenue from Operations | ₹2,102.54 Cr | ₹2,073.92 Cr |
| Other Income | ₹49.18 Cr | ₹42.81 Cr |
| Total Income | ₹2,151.71 Cr | ₹2,116.72 Cr |
| Cost of Materials Consumed | ₹1,452.48 Cr | ₹1,509.06 Cr |
| Purchases of Stock-in-Trade | ₹69.85 Cr | ₹68.21 Cr |
| Changes in Inventories | ₹48.75 Cr | -₹65.53 Cr |
| Employee Benefit Expense | ₹115.52 Cr | ₹109.53 Cr |
| Finance Costs | ₹27.6 Lakh | -₹86.7 Lakh |
| Depreciation & Amortisation | ₹10.37 Cr | ₹10.93 Cr |
| Other Expenses | ₹150.13 Cr | ₹134.51 Cr |
| Total Expenses | ₹1,847.38 Cr | ₹1,765.84 Cr |
| Profit Before Exceptional Items & Tax | ₹304.33 Cr | ₹350.88 Cr |
| Exceptional Items | -₹3.1 Cr | ₹0 |
| Profit Before Tax | ₹301.23 Cr | ₹350.88 Cr |
| Total Tax Expense | ₹76.08 Cr | ₹90.79 Cr |
| Net Profit | ₹225.15 Cr | ₹260.1 Cr |
| Other Comprehensive Income | ₹42.5 Lakh | -₹41 Lakh |
| Total Comprehensive Income | ₹225.57 Cr | ₹259.69 Cr |
| EBITDA (computed) | ₹314.98 Cr | ₹360.94 Cr |
| Basic EPS | ₹19.68 | ₹22.73 |
| Diluted EPS | ₹19.55 | ₹22.61 |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Total Assets | ₹1,751.69 Cr | ₹1,482.45 Cr |
| Non-current Assets | ₹312.13 Cr | ₹245.88 Cr |
| Current Assets | ₹1,439.56 Cr | ₹1,236.57 Cr |
| Property, Plant & Equipment | ₹132.38 Cr | ₹125.79 Cr |
| Inventories | ₹165.24 Cr | ₹257.59 Cr |
| Trade Receivables | ₹178.74 Cr | ₹164.72 Cr |
| Cash & Equivalents | ₹165.9 Cr | ₹45.95 Cr |
| Equity (Net Worth) | ₹1,392.22 Cr | ₹1,157.14 Cr |
| Equity Share Capital | ₹11.44 Cr | ₹11.44 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 |
| Current Liabilities | ₹343.55 Cr | ₹313.68 Cr |
| Total Liabilities | ₹359.47 Cr | ₹325.31 Cr |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Operating Cash Flow | ₹377.29 Cr | ₹42.72 Cr |
| Investing Cash Flow | -₹256.97 Cr | -₹34.66 Cr |
| Financing Cash Flow | -₹36 Lakh | -₹25.51 Cr |
| Capital Expenditure | ₹27.73 Cr | ₹23.45 Cr |
| Free Cash Flow (computed) | ₹349.56 Cr | ₹19.27 Cr |
| Dividends Paid | ₹0 | ₹24.84 Cr |
| Net Change in Cash | ₹119.96 Cr | -₹17.45 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹757.66 Cr | ₹433.55 Cr | ₹444.81 Cr | ₹466.52 Cr | ₹755.75 Cr | ₹548.18 Cr |
| Other Income | ₹13.22 Cr | ₹13.26 Cr | ₹10.09 Cr | ₹12.6 Cr | ₹11.73 Cr | ₹6.9 Cr |
| Total Income | ₹770.89 Cr | ₹446.81 Cr | ₹454.9 Cr | ₹479.11 Cr | ₹767.49 Cr | ₹555.08 Cr |
| Cost of Materials Consumed | ₹527.61 Cr | ₹295.58 Cr | ₹287.72 Cr | ₹341.57 Cr | ₹255.92 Cr | ₹426.23 Cr |
| Purchases of Stock-in-Trade | ₹20.05 Cr | ₹14.48 Cr | ₹18.06 Cr | ₹17.27 Cr | ₹19.56 Cr | ₹16.72 Cr |
| Changes in Inventories | ₹14.19 Cr | ₹15.15 Cr | ₹32.22 Cr | -₹12.8 Cr | ₹298.49 Cr | -₹41.16 Cr |
| Employee Benefit Expense | ₹29.95 Cr | ₹28.45 Cr | ₹28.48 Cr | ₹28.65 Cr | ₹30.89 Cr | ₹26.99 Cr |
| Finance Costs | ₹4.7 Lakh | ₹8.8 Lakh | ₹7.2 Lakh | ₹6.9 Lakh | -₹2.43 Cr | ₹56.2 Lakh |
| Depreciation & Amortisation | ₹1.88 Cr | ₹2.86 Cr | ₹2.66 Cr | ₹2.98 Cr | ₹2.82 Cr | ₹2.83 Cr |
| Other Expenses | ₹51.21 Cr | ₹35.39 Cr | ₹33.09 Cr | ₹30.43 Cr | ₹40.05 Cr | ₹31.34 Cr |
| Total Expenses | ₹644.93 Cr | ₹391.99 Cr | ₹402.28 Cr | ₹408.17 Cr | ₹645.3 Cr | ₹463.51 Cr |
| Profit Before Exceptional Items & Tax | ₹125.96 Cr | ₹54.82 Cr | ₹52.62 Cr | ₹70.94 Cr | ₹122.18 Cr | ₹91.57 Cr |
| Exceptional Items | ₹0 | -₹3.1 Cr | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹125.96 Cr | ₹51.71 Cr | ₹52.62 Cr | ₹70.94 Cr | ₹122.18 Cr | ₹91.57 Cr |
| Total Tax Expense | ₹30.99 Cr | ₹13.47 Cr | ₹13.55 Cr | ₹18.07 Cr | ₹31.23 Cr | ₹23.45 Cr |
| Net Profit | ₹94.96 Cr | ₹38.24 Cr | ₹39.07 Cr | ₹52.88 Cr | ₹90.95 Cr | ₹68.13 Cr |
| Other Comprehensive Income | -₹1.8 Lakh | ₹82.1 Lakh | -₹12.2 Lakh | -₹25.6 Lakh | -₹53.4 Lakh | -₹8.9 Lakh |
| Total Comprehensive Income | ₹94.95 Cr | ₹39.06 Cr | ₹38.94 Cr | ₹52.62 Cr | ₹90.41 Cr | ₹68.04 Cr |
| EBITDA (computed) | ₹127.88 Cr | ₹57.77 Cr | ₹55.35 Cr | ₹73.99 Cr | ₹122.57 Cr | ₹94.96 Cr |
| Basic EPS | ₹8.30 | ₹3.34 | ₹3.41 | ₹4.62 | ₹7.95 | ₹5.95 |
| Diluted EPS | ₹8.25 | ₹3.32 | ₹3.39 | ₹4.59 | ₹7.90 | ₹5.92 |
Board & Governance of Ajax Engineering Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Ajax Engineering Limited has 7 directors - 4 independent and 3 executive. The board is chaired by Krishnaswamy Vijay.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Krishnaswamy Vijay | Executive Director · Chairperson | 1992-07-03 | 1 |
| Shubhabrata Saha | Executive Director · CEO-MD | 2023-01-02 | 1 |
| Jacob Jiten John | Executive Director | 2011-04-01 | 1 |
| Rajan Wadhera | Non-Executive - Independent Director | 2023-07-06 | 3 |
| Doddaballapur Prasanna Achutarao | Non-Executive - Independent Director | 2023-07-06 | 1 |
| Jayashree Satagopan | Non-Executive - Independent Director | 2024-08-09 | 1 |
| Raghavan Sadagopan | Non-Executive - Independent Director | 2024-09-24 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Jayashree Satagopan (Chairperson), Doddaballapur Prasanna Achutarao, Rajan Wadhera |
| Nomination and remuneration committee | Doddaballapur Prasanna Achutarao (Chairperson), Rajan Wadhera, Raghavan Sadagopan, Krishnaswamy Vijay |
| Stakeholders Relationship Committee | Rajan Wadhera (Chairperson), Raghavan Sadagopan, Shubhabrata Saha |
| Risk Management Committee | Shubhabrata Saha (Chairperson), Krishnaswamy Vijay, Jayashree Satagopan |
| Corporate Social Responsibility Committee | Doddaballapur Prasanna Achutarao (Chairperson), Krishnaswamy Vijay, Jacob Jiten John |
| Independent Director Committee | Doddaballapur Prasanna Achutarao (Chairperson), Jayashree Satagopan, Rajan Wadhera, Raghavan Sadagopan |
Charges & Borrowings of Ajax Engineering Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 1993 | State Bank of India | ₹29 Cr | Open |
| 10 Mar 2018 | Others | ₹77 Cr | Satisfied |
| 28 Sep 2017 | Hdfc Bank Limited | ₹50 Cr | Satisfied |
| 07 Aug 2014 | State Bank of India | ₹6.95 Cr | Satisfied |
| 28 Aug 1989 | Karnataka State Financial Corporation | ₹6.84 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Ajax Engineering Limited
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Employee Count & EPFO Data of Ajax Engineering Limited
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GST Compliance of Ajax Engineering Limited
GSTIN & GST Filing Data of Ajax Engineering Limited
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Credit Ratings, Litigation & Regulatory Alerts for Ajax Engineering Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Ajax Engineering Limited
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MSME Payment Delays by Ajax Engineering Limited
MSME Payment Delays by Ajax Engineering Limited
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Subsidiaries & Group Companies of Ajax Engineering Limited
Subsidiaries & Group Companies of Ajax Engineering Limited
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MCA Filings & Documents of Ajax Engineering Limited
MCA Filings & Documents of Ajax Engineering Limited
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Recent Activity on Ajax Engineering Limited
Frequently Asked Questions about Ajax Engineering Limited
Ajax Engineering Limited is an active public limited company in the electrical sector based in Bangalore, Karnataka, India. It was incorporated on 03 July 1992 (34+ years old) and is registered under CIN L28245KA1992PLC013306. The company has 541 employees.
Ajax Engineering Limited reported revenue of ₹1,172.57 Cr for FY 2023 (up 52.00% YoY).
The current directors of Ajax Engineering Limited are:
The primary industry of Ajax Engineering Limited is electrical. The company specifically operates in general purpose and special purpose machinery and equipment. The company is currently active in this sector.
Yes, Ajax Engineering Limited is a listed company.
Ajax Engineering Limited can be reached at the registered office: 2531 11Th Main Road 3Rd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058, or through the website ajax-engg.com.