About ElectroMech
ElectroMech is a company based in Pune (India) founded in 1979.. ElectroMech has raised $9.68 million across 1 funding round from investors including Motilal Oswal Private Equity. ElectroMech offers products and services including Overhead Cranes, Hoist, Other Material Handling Equipment, and Services.
- Headquarter Pune, India
-
Sectors
Industrial Goods & Manufacturing
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Electromech Material Handling Systems (India) Pvt. Ltd.
- Jurisdiction Pune, Maharashtra, India
-
Annual Revenue
$73 M (USD)19.78as on Mar 31, 2024
-
Net Profit
$8.9 M (USD)17.75as on Mar 31, 2024
-
EBITDA
$12.19 M (USD)27.59as on Mar 31, 2024
-
Total Equity Funding
$9.68 M (USD)
in 1 rounds
-
Latest Funding Round
$9.68 M (USD), Private Equity Round
Feb 01, 2011
- Investors
-
Employee Count
Employee Count
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
Products & Services of ElectroMech
ElectroMech offers a comprehensive portfolio of products and services, including Overhead Cranes, Hoist, Other Material Handling Equipment, and Services. 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.
Equipment for lifting heavy loads in industrial settings
Devices for vertical movement of materials
Solutions for efficient material transport in factories
Lifecycle services for material handling systems
Unlock access to complete
Funding Insights of ElectroMech
ElectroMech has successfully raised a total of $9.68M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $9.68 million completed in February 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $9.7M
-
First Round
First Round
(01 Feb 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2011 | Amount | Private Equity Round - ElectroMech | Valuation | Motilal Oswal Private Equity |
|
| 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 |
Investors in ElectroMech
ElectroMech has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Motilal Oswal Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investment firm focused on growth stage companies
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by ElectroMech
| 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 - ElectroMech
| 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 |
Electromech Comparisons
Competitors of ElectroMech
| 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.
|
Frequently Asked Questions about ElectroMech
When was ElectroMech founded?
ElectroMech was founded in 1979 and raised its 1st funding round 32 years after it was founded.
Where is ElectroMech located?
ElectroMech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of ElectroMech?
Avr Murthy is the current CEO of ElectroMech.
Is ElectroMech a funded company?
ElectroMech is a funded company, having raised a total of $9.68M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $9.68M, raised on Feb 01, 2011.
What is the annual revenue of ElectroMech?
Annual revenue of ElectroMech is $73M as on Mar 31, 2024.
What does ElectroMech do?
ElectroMech was founded in 1979 and is based in Pune, India. Industrial overhead cranes are produced by the company, with operations centered on manufacturing for heavy-duty applications. Services encompass design, installation, and maintenance of crane systems. The firm operates within the engineering and industrial equipment sector. Key leadership includes CEO Avr Murthy and director Tushar Mehendale, supporting activities across domestic and international markets.
What products or services does ElectroMech offer?
ElectroMech offers Overhead Cranes, Hoist, Other Material Handling Equipment, and Services.
Who are ElectroMech's investors?
ElectroMech has 1 investor. Key investors include Motilal Oswal Private Equity.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.