The transition commenced in June. Credit: T. Schneider via Shutterstock.

Pai Machines, a brand of Infra Bazaar Tech, has completed the acquisition of the machinery works manufacturing facility from Larsen & Toubro Construction Equipment Limited (LTCEL).  

This move marks a significant expansion for Pai Machines into India’s construction equipment segment. 

As part of the transaction, a 70-member manufacturing team, including 40 professionals from the product development and research and development departments, has transitioned to Pai Machines.  

The transition, which commenced in June 2024, has since been followed by Pai Machines integrating both the manufacturing facility and team into its operations. 

The acquired plant has a capacity to produce over 1,800 units.  

With machine costs ranging from $2.5m to $7.5m, Pai Machines aims to leverage the ‘Make in India’ initiative to develop next-generation electric machines for the earth-moving and construction sectors.  

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The company plans to diversify into new markets, including batching plants and agri-equipment. 

Pai Machines founder Abhijeet Pai said: “Our vision for Pai Machines is to lead the way in in-house development of cutting-edge products, establishing a robust foundation for delivering exceptional service to our customers.  

“This asset purchase represents a significant step forward in that direction. We aspire to be recognised as a company driven by innovation, quality, and sustainability, integrating advanced technologies such as telematics and artificial intelligence (AI) into our product development process.” 

India’s construction equipment industry is poised for rapid growth due to factors such as urbanisation and the importance of infrastructure projects.  

The sector is projected to grow 18% from 2024 to 2029 and reach $25bn by 2030, reported Times of India.  

Pai Machines’ asset purchase positions it to provide sustainable solutions for this expanding market. 

LTCEL has been a key player in manufacturing since 1973.  

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