- Company aims to touch revenue of Rs 3000 crores by 2026
- Ajax Engineering invests Rs 100 crore in the 5th manufacturing facility under construction in Bengaluru
Bengaluru, Jan 04, 2023: Ajax Engineering, a leader in Concreting Equipment sector in India, today announced the appointment of Shubhabrata Saha as the new MD & CEO of the company. Shubhabrata served over two decades at Mahindra & Mahindra in various leadership roles. His last assignment at Mahindra was as CEO in Farm Division. He has delivered consistent and sustainable profitable growth while enhancing the brand and network. Shubhabrata comes to Ajax from the $ 3 billion Adventz group where he served as the MD & CEO of Mangalore Chemicals and Fertilisers and the Deputy CEO of their Agri business.
The appointment of Shubhabrata will enhance Ajax’s leadership position as a technology driven, innovative and 360-degree concrete solutions provider.
Mr Vijay, Chairman, AJAX Engineering, commenting on the appointment, said “We are delighted to welcome Shubhabrata on board. Ajax has the aim of “Make in India -make for the World” in concrete and allied technologies. His focus on operational excellence, customer centric wins and inclusive leadership will enable us to accelerate our journey and establish us as a premier player in concreting equipment, both nationally and internationally.
Shubhabrata Saha, MD & CEO, AJAX Engineering said, “I eagerly look forward to embark on the new journey with Ajax Engineering. I see the strong brand recognition AJAX has achieved in the Indian market which will provide me a platform to drive rapid growth. Our target is to drive the revenue up to Rs 3000 Cr in next 3 years through a judicious mix of organic and inorganic growth.”
Shubhabrata is an accomplished leader with proven record of achieving outstanding financial outcomes and build strong brand recognition. Over an extensive experience of three decades, he has developed deep understanding of critical business drivers in both consumer and industrial sectors. He has been highly successful in building stakeholder relationships, seizing control of critical problem areas and delivering customer commitments. He has demonstrated entrepreneurial mindset to deliver turnarounds and has also leveraged the triad of data, digital and technology to solve complex problems.
About AJAX Engineering
Set up in 1992, AJAX Engineering has taken great strides across a span of three decades. AJAX Engineering is a pioneer in Self-loading Concrete mixer with over 70% market share in India and market leader worldwide. AJAX is a leader in the Concreting Equipment sector in India with the most comprehensive product range. The company has four manufacturing facilities in Bengaluruand a fifth factory under construction. AJAX has footprints across India with 6 regional offices and 35 dealers with over 100 touch points. It has over 30,000 equipment in the field with over 17,000 customers. Kedaara Capital, leading Private Equity firm has invested in AJAX to support and participate in its growth plans.