Elgi Equipments has incorporated a new company in Australia by name ‘Industrial Air Compressors’ as a wholly owned subsidiary (WOS) company. The percentage of shareholding is 100% with initial subscription of 120 Shares of Australian Dollar 1 each. Industrial Air Compressors is yet to begin its business and commercial operations.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.