Indef Manufacturing Limited specializes in the production of hoists, cranes, and material handling equipment, emerging as a result of a recent demerger from Hercules Hoists Limited.

The company has gained autonomy post-demerger to focus on expanding its core manufacturing capabilities in the material handling equipment sector.

With a strategic focus on hoisting and crane technologies, Indef aims to capture a significant market share in the Indian industrial equipment space.

The demerger involved the allotment of 320 million equity shares, indicating financial restructuring to support its independent operations.

The transition to a standalone entity aims to enhance operational efficiencies and market positioning within the manufacturing sector.