TIL has planned to increase the authorized capital to infuse funds into the business of the Company, by bringing in a strategic investor, subject to shareholder and other requisite approvals. The capital is to be infused by Indocrest Defence Solutions, which is a part of Gainwell Group, headed by Sunil Kumar Chaturvedi.
Gainwell’s experience and expertise in selling and servicing infra equipment augurs very well with TIL and naturally has the right strategic synergy with the current product line of TIL as well as having the best sectoral and customer fit.
TIL is a leading provider of world-class infrastructure equipment in India engaged in design, manufacture and marketing of a comprehensive range of Material Handling and Port Equipment.
