material handling
Material handling involves short-distance movement within the confines of a building or between a building and a transportation vehicle. It uses a wide range of manual, semi-automated, and automated equipment and includes consideration of the pro ...
and construction equipment manufacturing company, incorporated in 1995.
The company has eight manufacturing sites in Faridabad,
Haryana
Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land ar ...
, with a
research and development
Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existi ...
in Faridabad district, and has a manufacturing capacity of 12000 construction equipment and 9000
tractor
A tractor is an engineering vehicle specifically designed to deliver a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery such as that used in agriculture, mining or construction. Most common ...
s annually. Their product portfolio is divided into four main categories:
agricultural equipment
Agricultural machinery relates to the mechanical structures and devices used in farming or other agriculture. There are many types of such equipment, from hand tools and power tools to tractors and the countless kinds of farm implements that they ...
earth-moving machinery
Heavy equipment or heavy machinery refers to Heavy-duty vehicle, heavy-duty vehicles specially designed to execute construction tasks, most frequently involving Earthworks (engineering), earthwork operations or other large construction tasks. ...
, mainly catering to
Asia-Pacific
Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...
,
Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...
and
Latin America
Latin America or
* french: Amérique Latine, link=no
* ht, Amerik Latin, link=no
* pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...
regions.
In 2019, the company was ranked at #223 in ''
Fortune
Fortune may refer to:
General
* Fortuna or Fortune, the Roman goddess of luck
* Luck
* Wealth
* Fortune, a prediction made in fortune-telling
* Fortune, in a fortune cookie
Arts and entertainment Film and television
* ''The Fortune'' (1931 film) ...
'' magazine's "Next 500" list of midsized Indian companies.
Timeline
*1995 – company incorporated, rolled out its first hydraulic mobile crane
*1997 – received ISO 9001:2008 certification; established regional office in
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
*1998 – rolled out first mobile tower crane
*1999 – rolled out its first small
Loader
Loader can refer to:
* Loader (equipment)
* Loader (computing)
** LOADER.EXE, an auto-start program loader optionally used in the startup process of Microsoft Windows ME
* Loader (surname)
* Fast loader
* Speedloader
* Boot loader
** LOADER.COM ...
; exported its first machine
*2001 – partnership with Autogru PM, Italy for distribution of their products.
*2004 – sold first tower crane and began developing fixed tower cranes
*2006 – formed
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...
with Italian firm Tigieffe; listing on
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...
–
BSE
BSE may refer to:
Medicine
* Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle
* Breast self-examination
Stock exchanges
* Bahrain Stock Exchange, Bahrain
* Baku Stock Exchange, Azerbaijan
* B ...
and NSE; CNBC TV 18 emerging company award
*2007 – launched forklift truck; became first Indian construction equipment manufacturer to be accorded CE marking; approved acquisition of a Romanian company by its Cyprus-based subsidiary, Frested Ltd.
*2008 – partnered with Chinese manufacturer
Zoomlion
Zoomlion Heavy Industry Science and Technology Co., Ltd. is a Chinese construction machinery and agricultural machinery manufacturer.crawler cranes; rolled out the tractor range
*2009 – designed, developed and launched road making equipment
*2010 – Indigenous production of big Tower Cranes.
*2011 – launch of in-house R&D center; in-house manufacturing of crawler cranes
*2012 – launched new generation pick and carry cranes, lorry loaders, and higher-capacity tower cranes
*2013 – started in-house engine plant; launched Free of Cost 24 x 7
ambulance service
Emergency medical services (EMS), also known as ambulance services or paramedic services, are emergency services that provide urgent pre-hospital treatment and stabilisation for serious illness and injuries and transport to definitive care. ...
for the areas of Palwal and Faridabad Districts.
*2014 – launched wheel harvester
*2015 – launched
rotavator
A cultivator is a piece of agricultural machinery, agricultural equipment used for secondary tillage. One sense of the name refers to frames with ''teeth'' (also called ''shanks'') that pierce the soil as they are dragged through it wikt:li ...
and other agricultural implements
*2016 – launched skid-steer loader and partnered with Turkish company Boom Makina
*2017 – launched tractor range of up to 90 HP
*2018 – launched AX124 backhoe loader for export market; ACE entered into MoU with
Ursus SA
Ursus SA (often stylized URSUS SA) is a Polish agricultural machinery manufacturer, headquartered in Lublin, Poland. The company was founded in Warsaw in 1893, and has strong historic roots regarding Polish tractor production history. It has al ...
for localization new range of tractors.; partnered with
Punjab National Bank
Punjab National Bank (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network ...
for farm machinery financing.
*2019 – launched NX-series Multi Activity Crane at Bauma Conexpo, India Launched NX360° slew-cum-pick and carry crane from Tara Chand Logistics,
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
Awards and recognition
* ICICI,
CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
-TV18 Emerging India Awards 2005-2006
* India's Best Company of the Year Award 2018 by Berkshire Media Pvt. Ltd. (A Division of Berkshire Media LLC, USA)
* Dream Companies to Work for -
Construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...
Sector, 16 February 2019
* Award for Brand Excellence- Construction Equipment Industry ACE- National Brand Leadership Congress & Awards 2019
* Best Training Initiative Award (Infrastructure Sector) in National Award For Excellence in Training & Development 2019
* North India Best Employer Brand Award - 13th Employer Branding Awards 2018
* India's Top Challengers Award - 16th Construction World Global Awards-2018
* Best Seller in Mobile Cranes Category Award - 6th Equipment India-2018
* Best Seller in Mobile Cranes Category Award-5th Equipment India-2018
* Associate Partner in India's Top Challengers Award-Construction World-2017
* India's Most Trusted Company Award-IBC, USA-2017
* "70 Most Trusted Power Brands of India" Award-2017
* Economic Times "Infra Focus" Award-2017.
* Best Seller in Mobile Cranes Category Award-4th Equipment India-2017
* Construction World-2006, 2007, 2008, 2011, and 2012