About Elgi Equipments
Elgi Equipments is a company based in Coimbatore (India) founded in 1960.. The company has 2,140 employees as of March 31, 2024. Elgi Equipments has completed 6 acquisitions, including Advanced Air Compressors, BELAIR and Michigan Air Solutions.
- Headquarter Coimbatore, India
- Employees 2140 as on 31 Mar, 2024
- Stage Public
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Email
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Phone
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Website
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Social
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- Legal Name Elgi Equipments Limited
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Annual Revenue
$410.85 M (USD)9.09as on Mar 31, 2025
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Net Profit
$40.97 M (USD)12.21as on Mar 31, 2025
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EBITDA
$64.14 M (USD)10.49as on Mar 31, 2025
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Latest Funding Round
$6.5 M (USD), Post-IPO
Oct 08, 2015
- Investors
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Employee Count
2140
as on Mar 31, 2024
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Investments & Acquisitions
Advanced Air Compressors
& 5 more
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IPO & Listings of Elgi Equipments
Elgi Equipments is a publicly listed company on the NSE with ticker symbol ELGIEQUIP 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.
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Software Development Team
7 people
Human Resources and Administration
7 people
Deputy Team
7 people
Sales and Marketing
6 people
Senior Team
5 people
Finance and Accounting
4 people
Leadership Team
3 people
Operations Team
3 people
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Funding Insights of Elgi Equipments
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $6.5M
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First Round
First Round
(08 Oct 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Post-IPO - Elgi Equipments | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elgi Equipments
Elgi Equipments has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Nalanda Capital. 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 |
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Investment in exceptional businesses within Indian public markets, focusing on small to mid-cap companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elgi Equipments
Elgi Equipments has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Advanced Air Compressors, BELAIR and Michigan Air Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Air compressors are manufactured and distributed by Michigan Air Solutions.
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2009 | ||||
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Large industrial air compressors and associated equipment are supplied.
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1989 | ||||
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A cinema is operated and films are acquired and distributed.
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1984 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Elgi Equipments
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elgi Equipments Comparisons
Competitors of Elgi Equipments
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elgi Equipments
Frequently Asked Questions about Elgi Equipments
When was Elgi Equipments founded?
Elgi Equipments was founded in 1960 and raised its 1st funding round 55 years after it was founded.
Where is Elgi Equipments located?
Elgi Equipments is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
How many employees does Elgi Equipments have?
As of Mar 31, 2024, the latest employee count at Elgi Equipments is 2,140.
What is the annual revenue of Elgi Equipments?
Annual revenue of Elgi Equipments is $410.85M as on Mar 31, 2025.
What does Elgi Equipments do?
Elgi Equipments was established in 1960 and is headquartered in Coimbatore, India. Operations are focused on the industrial machinery sector, where air compressors and related products are produced. The company maintains its online presence through the domain elgi.com. Leadership roles are held by Managing Director Jairam Varadaraj and Director Sudarsan Varadaraj, with activities centered on manufacturing and distribution primarily from India.
Is Elgi Equipments publicly traded?
Yes, Elgi Equipments is publicly traded on NSE under the ticker symbol ELGIEQUIP.
How many acquisitions has Elgi Equipments made?
Elgi Equipments has made 6 acquisitions, including Advanced Air Compressors, BELAIR, and Michigan Air Solutions.
Who are Elgi Equipments's investors?
Elgi Equipments has 1 investor. Key investors include Nalanda Capital.
What is Elgi Equipments's ticker symbol?
The ticker symbol of Elgi Equipments is ELGIEQUIP on NSE.