Shubhabrata Saha Has Been Named MD & CEO Of Ajax Engineering

Mr. Saha has been appointed as the MD and CEO of Mangalore Chemicals and Fertilizers, as well as the CEO of their Agribusiness, by the Ajax Engineering company. After more than 20 years in various executive positions at Mahindra, he served as CEO of the Farm Division.

In response to the appointment, Ajax Engineering's chairman, K. Vijay, stated, "AJAX aims to "Make in India - Make for the World" in concrete and related technologies. Shubhabrata's emphasis on operational excellence, customer-centric wins, and inclusive leadership will allow us to accelerate our journey and establish ourselves in the concrete equipment industry, both nationally and internationally."

Shubhabrata Saha, MD & CEO of Ajax Engineering, stated, "I am excited to embark on this new adventure with Ajax Engineering. I see AJAX's strong brand recognition in the Indian market, which will provide me with a platform to drive rapid growth. Our goal is to increase revenue to Rs 3000 Cr in the next three years through a careful mix of organic and inorganic growth."

According to Mr. Saha, Ajax Engineering's newly hired MD and CEO, the company announced a 100-crore investment to build a fifth production facility in Bengaluru, with a facility operational by the end of next year. Ajax Engineering also intends to generate 3,000 crores in revenue by 2026.

"We anticipate that FY23 will end with a revenue turnover of roughly 1 billion," Mr. Saha told Businessline. "Revenue growth will be driven by our core domestic and export businesses. Our exports are currently worth about 50 crores, and we expect them to triple in the next three to four years."

"According to the business, its products are well suited to cover regions like the Middle East, Africa, and South and Southeast Asia, and it anticipates expanding in these markets," he added. We will also look into international acquisitions to add another 1,000 crores to our business."

Saha claims that in the coming years, there is a significant possibility of expanding the batching plant business in addition to its category of self-loading concrete mixers. The company is currently working on creating an innovation pipeline.

The Indian concrete equipment market is worth between 5,000 and 6,000 crores. The infrastructure story will be critical if the country wants to significantly grow its economy over the next 20 years. According to Saha, we are confident that we will meet our revenue target in this scenario because the size of this market could grow to Rs. 8,000 crores in a few years. 

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