Cranex

What Cranex does

Cranex Limited is a BSE-listed Indian manufacturer of material handling and vertical-transport equipment, incorporated in 1973 and operating from a 4,200 sq. meter facility in Sahibabad, India, with sales offices in New Delhi and Mumbai. Its product portfolio spans EOT cranes, gantry cranes, jib cranes, escalators, elevators, and travelators, with engineered crane capacity referenced up to 200+ tonnes. The company is ISO 9001:2015 and ISO 14000:2015 certified and claims 800+ delivered projects across 50+ clients.

The business model is project-based capital-goods sales with an attached aftermarket annuity: Cranex sells customized equipment to government-owned buyers (ISRO, NTPC, BHEL, Indian Railways, Delhi Metro, HAL, Mumbai Metro) and large private EPCs and OEMs (L&T, Tata Projects, Maruti Suzuki, Alstom), then layers on Annual Maintenance Contracts and spare-parts revenue against the installed base. Distribution is tender- and qualification-driven, with channel access reinforced through partnerships such as the Braithwaite Company arrangement for Indian Railways.

Recent commercial positioning centers on Indian mass-transit: a 130+ elevator/escalator order on Mumbai Metro Lines 3 and 7, Delhi Metro travelator work at Dhaula Kuan and Rajouri Garden, and a flagship ISRO supply for the Chandrayaan 3 launch campaign. The 2025 adoption of a Dividend Distribution Policy and reconstitution of board committees with independent directors indicate a governance maturation, though the company has not disclosed revenue, headcount, or order-book figures in the available material.

Name

Cranex

Legal name

Cranex Limited

Website

https://cranexltd.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

51–100 employees

Short description

Cranex Limited is an Indian BSE-listed manufacturer of EOT cranes, gantry and jib cranes, elevators, escalators, and travelators, supplying critical material-handling and vertical-transport equipment to government PSUs (ISRO, NTPC, BHEL, Delhi Metro, Mumbai Metro, Indian Railways, HAL) and large private EPCs and OEMs across India.

Ownership category

akta.pro rank

Product category

Industrial Material Handling Equipment (Crane Manufacturing)

NAICS

Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Cranes, Hoists & Overhead Material Handling (Industrial) (IMAHABAE)

akta.pro secondary industry

Overhead (Bridge) Cranes (IMAHAJAC)

Keywords

• Industrial crane manufacturing
• Material handling equipment
• EOT crane supplier
• Gantry crane manufacturer
• Elevators and escalators

Headquarters

HQ city

Sahibabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Crane Manufacturing and Sales: Manufacturing and selling EOT cranes, gantry cranes, and material handling equipment to government and private sector customers
2. After-Sales Services: Annual Maintenance Contracts (AMC), renovation, modernization, and reconditioning services for existing crane installations
3. Elevator and Escalator Services: Installation and maintenance services for elevators and escalators

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Cranex Limited manufactures and supplies industrial material handling equipment including EOT cranes (single and double girder), gantry cranes, jib cranes, traversers, and EU rakes, with crane manufacturing capacity up to 200 tonnes. The company also supplies, installs, and maintains elevators and escalators for metro and infrastructure projects (including 130+ elevator units for Mumbai Metro Line 3 and Line 7). Its offering is completed by after-sales services such as Annual Maintenance Contracts (AMC), modernization, renovation, and reconditioning of existing cranes.

Product overview

Cranex Limited is a manufacturer of material handling equipment offering a comprehensive portfolio of crane products including Single Girder EOT Cranes, Double Girder Overhead Cranes, Gantry Cranes, Jib Cranes, Traversers, and EU Rakes. The company also supplies Elevators and Escalators & Moving Walkways, notably supplying over 130 elevator units for Mumbai Metro Line 3 and Line 7. These products are complemented by services including crane modernization, renovation, Annual Maintenance Contracts (AMC), and reconditioning services. Cranex serves government clients including ISRO, Delhi Metro, BHEL, Indian Railways, and NTPC, as well as private sector companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Single Girder EOT Cranes Electric Overhead Traveling Cranes with a single girder design for material handling in industrial applications, typically used in factories and warehouses for lighter-duty lifting operations.
• Double Girder Overhead Cranes EOT cranes with two girder beams offering higher load capacity and improved performance for heavy industrial lifting operations, including units supplied up to 180-200 tonnes for power utilities.
• Gantry Cranes Cranes that operate on rails or wheels, typically used outdoors for loading and unloading operations at ports, steel plants, and industrial sites.
• Jib Cranes Wall or floor-mounted cranes with a horizontal jib arm for localized lifting and positioning of materials in workshops and production areas.
• Traversers Equipment for horizontal movement of materials along a fixed path, often used in manufacturing and warehouse settings for material transfer between work zones.
• EU Rakes Railway-related material handling equipment designed for specific railway workshop applications, used by Indian Railways and allied establishments.
• Elevators Passenger and freight elevators supplied and installed for metro projects and commercial buildings, including over 130 units for Mumbai Metro Line 3 and Line 7.
• Escalators & Moving Walkways Automated vertical and horizontal transportation systems for public transit infrastructure and commercial buildings, including travelators projects for Delhi Metro at Dhaula Kuan and Rajouri Garden.
• Crane Modernization, Renovation and Reconditioning Services Conversion of HOT Cranes to EOT Cranes, replacement of damaged parts, retrofitting of latest electrical components, and replacement of mechanical/electrical components while retaining base structure, offered to customers with aging crane installations.
• Annual Maintenance Contracts (AMC) for Cranes Recommended recurring maintenance service covering breakdown attendance and timely, cost-effective repairs of installed cranes for industrial customers.
• Elevator and Escalator Maintenance Services Periodic examination and proactive maintenance of installed elevators and escalators to ensure smooth functioning for metro and commercial building clients.

Quantifiable outcome

• Supplied cranes to ISRO for Chandrayaan 3 Mission Spacecraft design facility
• +2 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Braithwaite Company LtdcoreStrategic or Co-development PartnerCranex supplied cranes to Indian Railways through Braithwaite Company Ltd, with cranes manufactured at Braithwaite Angus Works. This partnership enabled Cranex to secure railway contracts.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Konecranes: Konecranes is a global leader in overhead cranes, hoists, and material handling with an extensive service network, competing with Cranex for industrial crane orders and modernization work in India through its local subsidiary.
• Larsen & Toubro (L&T): L&T is a broad Indian engineering and construction conglomerate that fabricates heavy cranes and industrial material handling equipment as part of its larger portfolio, and frequently appears as a customer, competitor, or qualified bidder to Cranex on government infrastructure tenders.
• Demag (Terex MP): Demag, part of Terex Material Handling, is a global manufacturer of industrial cranes and hoists competing with Cranex in the high-capacity and engineered crane segments for industrial customers.
• OTIS Elevator Company (India): OTIS is a global elevator and escalator leader actively bidding on Indian metro and infrastructure elevator tenders, placing it in direct competition with Cranex's growing elevator vertical.

Direct peers

• Action Construction Equipment (ACE): ACE is an Indian manufacturer of cranes, material handling, and construction equipment that competes directly with Cranex for EOT cranes and related solutions in the Indian industrial and infrastructure markets.
• TIL Limited: TIL Limited is an Indian material handling and crane manufacturer with a similar product portfolio (mobile cranes, EOT cranes, reach stackers) and serves overlapping government, port, and industrial customers across India. It is the most direct domestic comparable to Cranex.
• Schindler India: Schindler is a global elevator and escalator manufacturer that competes with Cranex on metro and infrastructure projects in India, including the same Mumbai Metro programs where Cranex has supplied units.
• Escorts Kubota Limited: Escorts Kubota produces construction and material handling equipment in India and overlaps with Cranex in the industrial equipment and crane category, particularly for rail and infrastructure customers.

Regional players

• Indef (Indef Power & Infra): Indef is an Indian manufacturer of cranes, hoists, and material handling equipment with a domestic focus, offering EOT and jib cranes that overlap with Cranex's product portfolio in the Indian mid-market industrial segment.

Emerging players

• Bharat Bijlee (BBE): Bharat Bijlee is an Indian industrial electrical and material handling equipment manufacturer whose industrial motors and hoists are adjacent to and partially overlap with Cranex's crane component supply requirements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cranex