About Elecon
Elecon is a company based in Anand (India) founded in 1951. It operates as a Reseller / Distribution, and Managed Services. The company has 2,160 employees as of March 31, 2024. Elecon offers products and services including Power Transmission Solutions, Material Handling Equipment, Condition Monitoring System, and Foundry Division. Elecon operates in a competitive market with competitors including Horsburgh & Scott, Premium Transmission, Klingelnberg, Shanthi Gears and Niebuhr Gears, among others.
- Headquarter Anand, India
- Employees 2160 as on 31 Mar, 2024
- Stage Public
-
Sectors
Industrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Elecon Engineering Co. Ltd.
-
Annual Revenue
$259.7 M (USD)15as on Mar 31, 2024
-
Net Profit
$48.48 M (USD)16.74as on Mar 31, 2024
-
EBITDA
$64.25 M (USD)15.41as on Mar 31, 2024
-
Latest Funding Round
-
Investors
-
Employee Count
2160
as on Mar 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Elecon
Elecon is a publicly listed company on the NSE with ticker symbol ELECON in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Elecon
Elecon offers a comprehensive portfolio of products and services, including Power Transmission Solutions, Material Handling Equipment, Condition Monitoring System, and Foundry Division. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Gearboxes and couplings are manufactured for industrial applications.
Equipment like conveyors is produced for material handling needs.
Systems are designed to enhance machinery reliability and efficiency.
Castings are provided for various industrial manufacturing requirements.
Unlock access to complete
Funding Insights of Elecon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Elecon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Elecon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elecon Comparisons
Competitors of Elecon
Elecon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Horsburgh & Scott, Premium Transmission, Klingelnberg, Shanthi Gears and Niebuhr Gears, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gearing and gearboxes are manufactured by Horsburgh & Scott.
|
|
| domain | founded_year | HQ Location |
Provider of power transmission solutions and products
|
|
| domain | founded_year | HQ Location |
Gears and precision components are manufactured for industrial applications.
|
|
| domain | founded_year | HQ Location |
Manufacturer and supplier of standard and customizable gearboxes and power transmission products
|
|
| domain | founded_year | HQ Location |
Manufacturer of gear components for industrial machine builders
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Elecon
Frequently Asked Questions about Elecon
When was Elecon founded?
Elecon was founded in 1951.
Where is Elecon located?
Elecon is headquartered in Anand, India. It is registered at Anand, Gujarat, India.
Who is the current CEO of Elecon?
Vilas Kalyankar is the current CEO of Elecon.
How many employees does Elecon have?
As of Mar 31, 2024, the latest employee count at Elecon is 2,160.
What is the annual revenue of Elecon?
Annual revenue of Elecon is $259.7M as on Mar 31, 2024.
What does Elecon do?
Elecon Engineering Co. Ltd. is established as a prominent manufacturer of industrial gearboxes and material handling equipment in India since 1951. The company is engaged in providing power transmission solutions, including helical and spiral bevel gears, worm gears, couplings, and custom-built gearboxes. Material handling equipment such as stacker reclaimers, conveyors, and crushers are also manufactured to serve diverse industrial needs. Elecon operates in sectors like mining, power, and other industrial applications, with a global presence across Asia, the Middle East, USA, UK, Europe, and Africa. Innovation and advanced gear technologies are integrated into their modular designs to cater to worldwide industries. Additionally, industrial castings are produced to complement their expertise. Commitment to quality and customer satisfaction is maintained as a core value.
Who are the top competitors of Elecon?
Elecon's top competitors include Shanthi Gears, Klingelnberg and Premium Transmission.
What products or services does Elecon offer?
Elecon offers Power Transmission Solutions, Material Handling Equipment, Condition Monitoring System, and Foundry Division.
Is Elecon publicly traded?
Yes, Elecon is publicly traded on NSE under the ticker symbol ELECON.
What is Elecon's ticker symbol?
The ticker symbol of Elecon is ELECON on NSE.