Indef Manufacturing Limited, headquartered in Mumbai, Maharashtra, specializes in the manufacturing of hoists, cranes, and other material handling equipment. Incorporated on September 12, 2022, the company was formed to take over the manufacturing operations of Hercules Hoists Limited (HHL). This strategic focus allows Indef Manufacturing to capitalize on the material handling equipment market, leveraging the operational foundation previously managed by HHL.
In August 2024, the company finalized a Scheme of Arrangement for Demerger with Hercules Hoists Limited. Under this arrangement, the manufacturing business was transferred to Indef Manufacturing as a going concern, with the demerger effective from September 30, 2024. This restructuring positions the company as a key player in the production segment of the material handling equipment industry.
As part of the demerger process, Indef Manufacturing issued 3.2 crore equity shares on October 11, 2024, offering one fully paid equity share of Re 1 each for every share held in Hercules Hoists Limited. Through this equity distribution, the company ensured robust shareholder continuity while paving the way for focused manufacturing operations.
Indef Manufacturing's foundation and operations are built on the strengths and legacy of HHL’s manufacturing expertise, providing the company with a strategic baseline to expand its footprint and market share in the material handling equipment sector.
