Indef Manufacturing Limited Celebrates Major Milestone with BSE and NSE Listings

Indef Manufacturing Limited (IML) has been officially listed on India's Bombay Stock Exchange and National Stock Exchange. This marks a new era for the company post-demerger from Hercules Hoists Limited, as it aims to strengthen innovation and expand globally while maintaining its legacy in material handling solutions.

Indef Manufacturing Limited (IML), a prominent entity in the material handling sector, has marked a significant milestone by officially being listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The ceremonial event was highlighted by the ringing of the opening bell at the BSE by key figures including Chairman Shekhar Bajaj and Managing Director Amit Bhalla. This listing represents a new chapter for IML, following its emergence from Hercules Hoists Limited as a standalone company, aiming to optimize growth through a focused operational strategy.

The genesis of IML's independence traces back to a strategic restructuring initiated by Hercules Hoists Limited in 2022. The shift was formally endorsed with a directive from the National Company Law Tribunal in August 2024. Shekhar Bajaj expressed optimism about IML's future, emphasizing the company's six-decade legacy in the industry. He underscored the new positioning of IML to enhance innovation, strengthen its market presence, and commit to global expansion while maintaining excellence in engineering.

Speaking about the journey ahead, Amit Bhalla highlighted IML's dedication to excellence in hoist, crane, and material handling solutions. The company is set to leverage its advanced manufacturing facilities, strategic partnerships, and commitment to customer satisfaction to maximize stakeholder returns and redefine industry standards. As a result, IML is poised for long-term sustainable growth and industry leadership, driven by a strong network of partners and dedication to innovation.

(With inputs from agencies.)