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Elgi Equipments forms wholly owned subsidiary company

20 Sep 2021 Evaluate

Elgi Equipments has formed a wholly owned subsidiary company in the name ‘Elgi Compressors (M) SDN. BHD.’ in Malaysia, and invested an amount of 10,00,000 Malaysian ringgit in the share capital of Elgi Compressors (M) SDN. BHD on September 17, 2021. The company is incorporated to undertake the business of sale, buy, repair, service, let out on hire, import, export and deal in all types of air compressors, spare parts, fittings and accessories in Malaysia.

Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.

Peers
Company Name CMP
Kirloskar Brothers 1629.45
Elgi Equipments 556.10
Shakti Pumps (India) 348.80
KSB 629.60
Oswal Pumps 229.30
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