Bajaj Indef Achieves Record Financial Growth with INR 168 Crores in Revenue for FY 22-23
Mumbai (Maharashtra) [India], May 28: Bajaj Indef, a leading player in industrial material handling solutions, has announced a remarkable increase in its revenue for the fiscal year 2022-23. The company reported a revenue of INR 168 crores, marking a substantial rise from INR 87 crores in FY 2020-21. In terms of profit, Bajaj Indef’s profit before tax (PBT) reached INR 116 crores, a significant increase from INR 9.55 crores in FY 21-22. This growth includes an exceptional INR 86 crores from the sale of their Mulund land. Excluding this one-time gain, the company recorded an operational profit of INR 30 crores—three times that of FY 2020-21.
Under the leadership of Mr. Amit Bhalla, President & CEO, Bajaj Indef has shown a resilient and strategic approach to growth, achieving remarkable progress towards its Vision 500 of reaching INR 500 crores in revenue by FY 26-27.
Bajaj Indef’s success has been driven by its focus on strengthening its core business, expanding its product portfolio, and increasing market reach. Notable achievements include the record-breaking sale of over 100 cranes, supported by investments in a larger crane manufacturing facility. This expansion has solidified the company’s position as a leader in the crane industry and played a significant role in boosting overall revenue.
As part of its growth strategy, Bajaj Indef has prioritized a customer-centric approach, establishing strong relationships with key clients, and enhancing operational excellence through optimization of costs and improved margins. Additionally, the company has expanded its partnerships and introduced programs like Elevate Elite Club to engage and recognize its Authorized Business Partners (ABPs) for their valuable contributions.
With a firm commitment to innovation and excellence, Bajaj Indef has also revitalized its marketing strategies through both digital and offline channels, enhancing its visibility and customer base.
Moving forward, Bajaj Indef remains dedicated to delivering quality solutions, advancing customer relationships, and achieving new milestones in the global market.
About Bajaj Indef:
Bajaj Indef is a leader in industrial material handling solutions, focusing on innovation, customer satisfaction, and operational excellence. The company offers a wide range of products and services to meet the demands of industries globally, with a special focus on crane manufacturing and other industrial solutions.
For more information, visit Bajaj Indef
Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
