Azad Engineering Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as ‘Azad Engineering Private Limited’ at Hyderabad, Telangana, a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated September 14, 1983, issued by RoC. Subsequently, the name of our Company was changed to ‘Azad Engineering Limited’ pursuant to the conversion of our Company from a private limited company to a public limited company and a fresh certificate of incorporation dated September 5, 2023, was issued by the RoC.

Major events and milestones:

1983

Incorporation of our Company.

2008

-Established CNC machine shop

-Purchase order for delivery of moving airfoils/ blades to a large government-owned power generation equipment manufacturer

2012

-Constructed a forge shop and a heat treatment facility for production.

2014

-Moved to new facility. For details, see “ – Changes in our Registered and Corporate Office” on page 235.

2017

-Inaugurated exclusive manufacturing bay for Mitsubishi Hitachi Power Systems Industries, Ltd. (erstwhile name of Mitsubishi Industries, Ltd.) to produce critical gas/ thermal turbines parts

2019

-Entered into a long-term contract with Honeywell International Inc. for supply of aerospace products.

2021

-Acquired 23.45 acres of land to construct a new plant (Phase 1 expansion) for production.

-?600 million worth of capital raised for the first time by our Company.

-Entered into a long-term contract with GE Aviation for supply of aerospace products.

-Established capabilities for special processes.

2022

-Acquired 18.50 acres of land to construct a new plant (Phase 2 expansion) for production.

-?2,173 million worth of capital raised for the first time by our Company.

-Received the certificate for “Fluid Distribution Systems” from the National Aerospace and Defense Contractors Accreditation Program (NADCAP) for the aerospace products of the Company.

2023

-Onboarded marquee investors from the sports fraternity.

-Azad Engineering Ltd. received order from Honeywell Aerospace ISC, USA, for manufacturing and supply of high complex components to meet the global demand in the aviation industry. 

-Azad Engineering Ltd. entered into an asset purchase agreement and related documents with Leo Primecomp Pvt.Ltd.

-The Company received order for tenure of 5 years from Siemens Energy Global GmbH & Co. Germany to manufacture and supply critical rotating components.

2025

-Azad Engineering Ltd. has signed a Master Terms Agreement & Purchase Agreement with Pratt and Whitney Canada Corp, Canada, for development and manufacturing of aircraft engine components. 

-Azad Engineering Inaugurates First Exclusive Lean Manufacturing Facility for Mitsubishi Heavy Industries.

- Azad Engineering Wins Prestigious Global  2024 Partner of the Year Award.

-Azad Engineering has secured a purchase order from Bharat Heavy Electrical Limited (BHEL) for the supply of Advanced, High-complex rotating airfoils for supercritical turbines.