Fastest Growing Construction Equipment Company (Allied) - Elgi Equipment
Asia's largest manufacturer of air compressors and automobile service station equipment, Elgi Equipment produces a wide range of products including rotary compressors, reciprocating compressors, centrifugal compressors, automotive equipment and diesel engines. Headquartered in Coimbatore, the company's products are used in a wide range of applications such as mining, transport, pharmaceuticals, power, oil, railways, chemicals, textiles, printing, ship building, paper, electronics, telecommunications, medical, food, beverages and plastics. The company was established in 1960 as a service station equipment and reciprocating compressor manufacturing company. However, over a period of time, it has transformed itself into a multi-product, multi-market company manufacturing technically superior products with two manufacturing locations at Coimbatore.
The company's standalone revenue in 2012-2013 rose 15.3 per cent to 1,141.09 crore while its net profit declined 20.3 per cent to Rs 60.19 crore from Rs 75.56 crore in the previous year.