Bajaj Indef, a leading Indian in-plant unitized industrial material handling solutions manufacturer, achieved an impressive two-fold revenue growth and three-fold profitability growth in the two-year period between FY 20-21 and FY 22-23. The company set a notable milestone this fiscal year with revenue of INR 168 crores and profit before tax of INR 116 crores, with the latter figure including INR 86 crores from the sale of their Mulund land. Excluding the profit from the Mulund land sale, the company achieved an impressive operational profit of INR 30 crores, which is three times more than the FY 20-21 results.
Bajaj Indef’s success is not just down to its core business focus and competitive pricing, but also its strong customer-centric approach, intense commitment to innovation, and risk-taking abilities. President & CEO Mr Amit Bhalla and his team have worked tirelessly to realize this spectacular financial achievement despite challenges posed by the market. Moreover, investments were made in manufacturing and marketing, resulting in the sale of over 100 cranes and crane kits that fueled the company’s revenue growth.
The company has efficiently invested in customer and supplier partnerships, aiming for long-term growth and financial stability. With a robust digital presence and offline marketing activities, Bajaj Indef has kept an active and visible presence in the industry while expanding its reach to new customer bases. Additionally, its stellar track record of operational excellence has enabled it to optimize costs and remain competitive in the highly competitive market.
Close relationships with Authorized Business Partners (ABPs), Suppliers, and Employees have been a key factor in Bajaj Indef’s monumental success. The company has dedicated programs to recognize the hard work and loyalty of its partners and employees which not only shows their dedication towards maintaining these relationships, but also clues to their future plans of growth and progress.
By looking at their accomplishments in the past two years, it is quite clear that Bajaj Indef is on track to reaching Vision 500 and achieving a turnover of INR 500 crores by FY 26-27. This remarkable success story is yet another testament to their commitment to excellence and customer-centricity. The team expresses deep gratitude to its customers, partner, suppliers, and employees for their unwavering trust and support towards the brand. Here’s to their collective success and a future brimming with infinite possibilities!
