Indo Farm Equipment Ltd.

Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.The Company operates two brands: Indo Farm and Indo Power, They export their products to countries like Nepal, Syria, Sudan, Bangladesh, Myanmar, etc.The Company manufactures tractors range 16 HP to 110 HP and pick & carry cranes range 9 to 30 tons. The facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes a foundry, machine shop, and assembly units. The Company has 12000 tractors and 1,280 Pick & Carry Cranes production capacity annually.The Company spans 127,840 sq. meters of industrial land in Baddi, Himachal Pradesh, housing a captive foundry, machine shop, and fabrication and assembly units for tractors, pick & carry cranes, and other equipment.They have acquired additional industrial land near the current facility to build a new pick & carry crane manufacturing unit, aiming to increase capacity by 3,600 units per year.As of June 30, 2024, They had 938 employees on payroll.Competitive Strengths:Fully Integrated and established Manufacturing SetupWell Educated & Experienced ManagementIn-House NBFC SetupManufacturing Wide Range of ProductsProduct acceptability in multiple countries and a wide variety of financial institutions

Indo Farm Equipment Ltd. proposes to utilise the net proceeds from the Issue for the following objects: