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.
2024 -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.
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