Indian economy to grow to became the third biggest economy in the world with secondary business driving them. Secondary business include construction, utilities and stuff like that. Construction growth is going to be one of the highest in the coming years due to the increase in the amount of infrastructure projects. 

Cement and concrete consumption in India

• Lot of room to grow for both business as India is significantly under developed compared to all those developed countries

• Concrete and cement are both extremely critical to India as it hopes to increase their infrastructure

• Growth drivers for concrete consumption include infrastructure development and real estate development

• There are 3 types of methods for concrete manufacturing with manual taking up 75 percent and the 2 mechanised ones taking up only 25 percent

• There is going to be an expected increase of 16 percent for the mechanised mixing

• Market for concreting equipment to grow at a CAGR of 11 percent

• Market for concrete manufacturing equipment is highly fragmented

• Key growth drivers include growth of demand for these products, growth of equipment closely linked with growth of cement business and norms moving to new types instead of the old school ones. 

• Ajax has secured a leading position in SLCM which is one of the mechanised ways to manufacture cement

• Ajax is the fastest growing company amongst its competitors

• Ajax is one of the few companies that look at all the things in the concrete business while some are focused on specific things

• They have also secured the largest dealer network in all the companies

• Indias concreting sector exports is expected to grow at 30 percent CAGR

• Key drivers that are leading this growth are manufacturing ecosystem, cost competitive and more

• Some threats and challenges include intense competition, price fluctuations, not being able to keep up with tech changes and more

They are the leading concrete manufacturers in India. They have a comprehensive range of equipment, services and solution. They are the largest company in self loading cement mixers (SLCMS) with more than 75 percent market share. During fy 24 12 percent of concrete production happened using their SLCM. They have also sold approximately 28000 units of equipment with uses in transportation projects, irrigation projects and infrastructure projects. They have the largest network of dealers in all of the cement brands. Their strengths are that they are market leaders in the fast growing SLCM industry, leading concrete equipment manufacturer, strong in house design, development and manufacturing techniques, and tech led assembly and manufacturing process and largest dealer network, diversified customer base with longstanding relationships in the concrete equipment market. Their growth strategies are growing their businesses SLCM and non SLCM, improving operational efficiency and exploring further into the global market through exports.