Walchandnagar Industries is planning to de-merge its businesses into three separate companies. These three subsidiaries will be engaged in manufacturing, projects and engineering services. The vision is to spin off these businesses into separate companies to enable them to grow independently.
At present, the company is into a huge range of disparate businesses - manufacture of sugar and cement machinery, gear boxes, manufacture of products for defence, nuclear and space sectors, and engineering construction services. It has its main manufacturing unit at Walchandnagar near Pune and also runs a foundry at Satara, Maharashtra. The company’s activities easily fall into three buckets.
