INDOFARM: Smallcap IPO
- INDOFARM: Smallcap IPO
- Indo Farm Equipment Limited has entered into a strategic partnership with Sichuan Hongsheng Heavy Machinery Co. Ltd, China, to acquire advanced technology for the manufacturing of tower cranes.
- This collaboration, facilitated through Beida Commercial & Trade Company, strengthens Indo Farm’s technical capabilities in the crane segment.
- Sichuan Hongsheng brings over 40–50 years of industry expertise and is widely recognized in the crane technology space.
- Their technology features advanced mechanical systems and innovative jib designs, supporting higher lifting capacities and extended horizontal reach—essential for the needs of modern construction.
- In FY 2024-25, Indo Farm’s revenue from cranes rose significantly to ₹22,505 lakh, surpassing tractor revenues of ₹14,172 lakh. This marks a clear year-on-year increase from ₹16,837 lakh in crane revenue in FY 2023-24, demonstrating strong market demand and focused strategy.
- The global construction equipment market is expected to grow at a CAGR of 7.60% between 2024 to 2033. Agricultural equipment expected to grow at 8.5% CAGR through 2029, bolstered by trend toward greater farm mechanisation
- Indo Farm’s growth plans align with this market trajectory, emphasizing portfolio diversification and a stronger presence in the expanding construction equipment sector for sustained future growth.
- Indo Farm Equipment Limited is steadily increasing its revenue contribution from the crane and construction equipment sectors. Traditionally known for its strong tractor business, the company is now leveraging growing market opportunities in Pick & Carry Hydraulic Cranes and related construction equipment.
- NEW FACILITY As outlined in the 2024–2025 presentation, the new facility is on track to become operational by the end of Q3 FY2025–26. Progress to date aligns well with the planned timeline, with all key activities being executed according to schedule. The project continues to advance steadily toward its targeted commissioning date, with no significant delays reported, demonstrating effective management and commitment to timely completion
- Established in 1994 and headquartered in Chandigarh, Indo Farm Equipment Limited is a leading ISO 9001:2015 certified manufacturer of pick & carry cranes (9-30 Tons), tractors (16–110 HP). Operating from its advanced manufacturing facility in Baddi, Himachal Pradesh, Indo Farm delivers high-quality products under “Indo Farm” and “Indo Power” brands across India and over 30 export markets worldwide. The company is supported by a wide dealer network of 150+ tractor and 15+ crane dealers, serving key Indian states and global customers.

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