Established in 1951 by Ishwarbhai B. Patel in Mumbai - later relocated to Vallabh Vidyanagar, Gujarat - Elecon Engineering Company Ltd. ranks as Asia's largest manufacturer of industrial gearboxes and a leading provider of material handling equipment. The Gear Division, which contributed 72% of 9MFY25 revenue, produces helical, bevel helical, worm, planetary, and custom-built gearboxes for industries including cement, steel, power, and defence, with repeat orders from the Indian Navy and ISRO. The Material Handling Division offers conveyors, stackers, reclaimers, and wagon tipplers for the mining, fertiliser, and ports sectors. The Foundry Division supports casting services, while the company's Radicon Drive Systems subsidiary extends global reach across Europe and North America.