Elecon Engineering Company Ltd., set up in 1951 by Ishwarbhai B. Patel in Mumbai and later shifted to Vallabh Vidyanagar, Gujarat, is Asia’s largest manufacturer of industrial gearboxes and a leading provider of material handling equipment. Its Gear Division (72% of 9MFY25 revenue) produces helical, bevel helical, worm, planetary, and custom-built gearboxes for industries like cement, steel, power, and defense, such as repeat orders for the Indian Navy and ISRO. The Material Handling Division supplies offerings like conveyors, stackers, reclaimers, and wagon tipplers, serving sectors such as mining, fertilizers, and ports. Elecon’s Foundry Division supports casting services, and its subsidiary, Radicon Drive Systems, enhances global reach in Europe and North America.