Hercules Hoists Limited, part of the Bajaj Group, has been a key player in the material handling equipment sector since 1962. The company produces a diverse range of equipment, including chain pulley blocks, electric hoists, cranes, and winches, catering to industries such as iron and steel, cement, and oil and gas. They also market shrouded conductors from AKAPP, Netherlands. Expansion efforts included developing new chain and ratchet lever hoists, expected to perform well both domestically and internationally, and collaborating with Bull S.r.l., Italy, on wire rope electric hoists.
In 2001, Hercules Hoists transitioned 'Indef Marketing Services' into a wholly owned subsidiary, which was later amalgamated into the company in 2005. Further diversification saw the company entering the wind energy sector, with wind turbines operational since March 2005. By mid-2006, they had increased their wind energy capacity to 5 MW. This strategic diversification and product development position Hercules Hoists as a versatile player in both manufacturing and renewable energy sectors.
