Azad Engineering Ltd was originally incorporated as Azad Engineering Private Limited' at Hyderabad, Telangana, as a Private Company, pursuant to the Certificate of Incorporation dated September 14, 1983, issued by Registrar of Company, Telangana at Hyderabad. The name of Company changed to Azad Engineering Limited' and a fresh Certificate of Incorporation dated September 5, 2023, was issued by the RoC.
Azad Engineering are one of the key manufacturers of qualified product lines supplying to global original equipment manufacturers
(OEMs) in the aerospace and defence, energy, and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. The Company manufacture complex and highly engineered precision forged and machined components that are mission and life-critical and hence some of the products have a 'zero parts per million' defects requirement.
Their aerospace and defence products include airfoils/ blades and components for engines, auxiliary power units (APUs), hydraulics, actuating systems, flight controls, fuel and inerting sections of commercial and defence aircrafts and spacecrafts, among other defence systems and various critical components for missiles. They have supplied critical components to major commercial aircraft manufacturers such as B737, B737 Max, B747, B777, B777X, A320, A350, A355, A350 XWB, Gulfstream G550.
In the energy industry, Company produces high-precision rotating and stationary 3D airfoils/ blades, special machined parts and combustion component assemblies for land-based turbines with applications in industrial and energy plants using different fuel types such as nuclear, hydrogen, natural gas and thermal. For the oil and gas industry, it manufacture components of drilling rigs such as drill bits and other critical components that are used in drilling equipment and are part of exploration and production phase.
In 2008, the Company established CNC machine shop; acquired delivery of moving airfoils/ blades to a large government-owned power generation equipment manufacturer. In 2012, it constructed a forge shop and a heat treatment facility for production; opened critical gas/ thermal turbines parts production in 2017 and in 2021-22 acquired land to construct a new plant for Phase 1 and Phase 2 for production.
The Company is proposing Initial Public Offer of aggregating Rs 740 Crores Equity Shares comprising Rs 240 Crore by raising capital through Fresh Issue and Rs 500 Crore Equity Shares through Offer for Sale.