Company type | Public |
---|---|
Industry | Heavy equipment |
Founded | 1933 [1] |
Headquarters | Noida, India |
Key people | Aditya Puri, Managing Director [2] |
Products | Process equipment, EPC projects, boilers, sugar plants and machinery, mechanical and hydraulic presses, steel and iron castings, air pollution control equipment and contract manufacturing |
Revenue | ₹5,477 crore (US$690 million) |
Number of employees | 4000 |
Parent | Isgec Heavy Engineering Ltd. |
Website | www |
ISGEC Heavy Engineering Ltd (/ˈɪzdʒɛk/ IZ-jek;[3] formerly known as Indian Sugar and General Engineering Corporation) is an Indian heavy engineering company. Established in 1933 as Saraswati Sugar Syndicate, the company held a revenue of ₹5,477 crore (US$690 million) in 2021 with exports of approximately 91 countries.[4] It was ranked 252 in the ET 2021[5] listing,[6] and 253 in the Fortune India 500 Listings.[7][8][9][10]
The company deals with process equipment, EPC projects, industrial boilers, sugar plants, distilleries, mechanical and hydraulic presses, steel and iron castings, air pollution control equipment and contract manufacturing.[11]
The company has its manufacturing plants and design offices spread across India; in Haryana, Uttar Pradesh, Gujarat, Tamil Nadu and Maharashtra.[12]
ISGEC originated from Saraswati Sugar Mills established in 1933, with a sugarcane crushing capacity of 400 tonnes per day. It has grown into one of India's largest sugar mills and now crushes 13,000 tonnes per day. It is today a subsidiary company. At the time of the nation's independence, the need for an Indian capital goods industry was recognized and ISGEC was established in 1946. The initial activity was the manufacture of spares for sugar mills. In the course of its history, the company diversified into a range of engineering products. In 1964, it established a joint venture with John Thompson of the UK to form ISGEC John Thompson. In 1981, it acquired majority shares in Uttar Pradesh Steels. Both units were subsequently absorbed into the parent company. In 2011, the company name was changed from Saraswati Industrial Syndicate Ltd. to ISGEC Heavy Engineering Ltd. with all businesses consolidated and now marketed under a common brand name – ISGEC.[1][13]
In 2018, the company acquired 100% stake in Eagle Press & Equipment Co. Ltd., a Press manufacturing company in Windsor (Ontario) Canada.[14]
Isgec has its manufacturing operations across Yamunanagar, Dahej, Bawal and Muzaffarnagar, with offices in Noida, Pune, Chennai, Mumbai and Kolkata in India. Spread over 100 hectares (250 acres), the company's manufacturing facilities have a shop floor area of over 55,000 square meters (66,400 square yards) with manufacturing and testing facilities.[15]
Isgec products have been supplied to companies across 91 countries, many of whom have placed repeat orders to them.[16] These include:
Over a period of eight decades, Isgec has been accredited by various standards organisations:[20]