As part of a significant restructuring, Hercules Hoists Limited (HHL) underwent a demerger on August 2, 2024, following an Order from the Hon’ble National Company Law Tribunal, Mumbai. This transformation resulted in the creation of two distinct companies—HHL and Indef Manufacturing Limited (IML)—each focused on their respective core competencies.
Post-demerger, Hercules Hoists Limited transitions into an unregistered Core Investment Company (CIC), as defined by the Reserve Bank of India’s CIC Regulations, 2020. While the manufacturing operations have been transferred to IML, HHL retains its broad portfolio of investments, covering both listed and unlisted companies across the group’s ecosystem. This new structure allows HHL to focus exclusively on investment management, strategically allocating resources and capital to foster growth within the group.
With a mandate to hold and manage a diversified investment portfolio, HHL will play a pivotal role in the strategic development and expansion of its group companies. By leveraging its financial assets and capital resources, HHL is committed to creating long-term value for shareholders while exploring new investment opportunities and innovative ventures that align with its forward-thinking vision.
This restructuring marks a defining moment in HHL’s history, enabling the company to sharpen its focus on investment strategies that drive sustainable growth across its portfolio.
Indef Manufacturing Limited (IML) was born from the restructuring of Hercules Hoists Limited (HHL) as per the Hon’ble National Company Law Tribunal’s Order dated August 2, 2024. This demerger has allowed for a clearer distinction between HHL’s investment activities and its manufacturing operations, which are now fully owned and operated by IML.
IML carries forward the renowned Bajaj Indef brand—a name synonymous with innovation, reliability, and excellence in the material handling industry. For decades, the Bajaj Indef brand has been a leader in manufacturing hoists, cranes, and lifting solutions, known for its commitment to quality and sustainability.
Under its new identity, IML will focus exclusively on manufacturing operations, ensuring that the legacy of the Bajaj Indef brand continues to grow. With the freedom to concentrate on expanding its product lines and markets, IML is poised to reinforce its leadership in material handling solutions and drive future growth.
This demerger allows both HHL and IML to focus on their core areas of expertise, setting the stage for even greater achievements in their respective domains.
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