Ajax Engineering Appointed Shubhabrata Saha As MD & CEO

A concrete equipment company, Ajax Engineering, announced Shubhabrata Saha as the company's new MD & CEO. 

The Ajax Engineering company appoints Mr Saha as the MD & CEO of Mangalore Chemicals and Fertilisers and the CEO of their Agribusiness. He served Mahindra as CEO of the Farm Division after spending more than 20 years there in various executive positions.

Ajax Engineering's chairman K. Vijay, commenting on the appointment, said, "AJAX has the aim of "Make in India -make for the World" in concrete and allied technologies. Shubhabrata's focus on operational excellence, customer-centric wins and inclusive leadership will enable us to accelerate our journey and establish us in concreting equipment, both nationally and internationally."

Ajax Engineering's MD & CEO, Shubhabrata Saha, said, "I eagerly look forward to embarking on the new journey with Ajax Engineering. I see the strong brand recognition AJAX has achieved in the Indian market which will provide me a platform to drive rapid growth. Our target is to drive the revenue up to Rs 3000 Cr in next 3 years through a judicious mix of organic and inorganic growth."

According to Mr Saha, the recently recruited MD and CEO of Ajax Engineering, the company declared an investment of ₹100 crores to build a fifth production facility in Bengaluru to have a facility operational by the end of the next year. Ajax Engineering also plans to create revenues of 3,000 crores by 2026. 

Mr Saha to businessline said, “We expect to end FY23 with a revenue turnover of around ₹1,000 crore. The scaling of revenues will come from our core domestic and export businesses. Currently, our exports are to the tune of about ₹50 crore and we expect them to go up by three times in the next three-four years.”

He added, “According to the company, its products are well-suited to cover geographies such as the Middle East, Africa, and South and Southeast Asia, and it expects to grow in these markets. “We will also consider acquisitions in international markets, adding another ₹1,000 crores to our business.”

In the upcoming years, Saha claimed that there is a significant possibility to scale up the batching plant business in addition to its category of self-loading concrete mixers. The company is currently developing an innovation pipeline.

The size of the Indian concrete equipment market is between 5,000 and 6,000 crores. The infrastructure story will be extremely important if the nation intends to grow its economy over the next 20 years significantly. We are certain that we will meet our revenue objective in this scenario because the size of this market could increase to Rs. 8,000 crores in a few years, according to Saha.

Tractor Junction also Offer a Monthly Subscription of Tractor Sales (Wholesale, Retail, Statewise, Districtwise, HPwise) Report. Please Contact us for the detailed report.

Subscribe our Telegram Channel for Industry Updates- https://t.me/TJUNC
Follow us for Latest Tractor Industry Updates-
LinkedIn - https://bit.ly/TJLinkedIN
FaceBook - https://bit.ly/TJFacebok