KEEPING PACE WITH CHANGING BUSINESS ENVIRONMENT

Cranex was incorporated as a Private Limited Company in 1973 and has a track record of uninterrupted profit every year during the past 27 years from its very inception. It was converted into a Public Limited Company in 1985 and went Public when its shares were heavily over subscribed, raising the equity from 2 million to 14.5 million Indian Rupees and became a quoted company, listed at Bombay and Delhi Stock Exchanges. To fund diversification and growth plans, Rights issue was made raising the equity from 14.5 million to 43.6 million Indian Rupees as on 11-01-1994. The paid-up capital is Rs.50 million and net-worth is Rs.96.34 million as on 31-03-2000.

Cranex has its works located at Sahibabad Industrial Area, admeasuring approx. 10,000 Sq.Mts. about 14kms. from the heart of the main business centre, Connaught Place, New Delhi. Vast area of land and infrastructure available for expansion and growth.

Technological upgradation and innovation being the key to its modernization drive, Cranex has a strategic alliance with M/s KUHNEZUG of Hamburg, Germany, a world leader in latest Crane technology and M/s IKUSI, Spain for Remote Control Systems.

While great challenges lie ahead as India goes through its most momentous transformation ever, tremendous opportunities also exist. The new focus of Cranex is on manufacturing International quality products at competitive prices, taking advantage of our low-costs and technological prowess to position itself as a worthy global player.

Information Technology
Engineering
International Trade

Cranex is enhancing organizational effectiveness and capabilities to support the three prongs of strategy as under

°  To encourage synergies between complementary business for greater 
     competitiveness.
° To diversify into products that have a future, internationally as well as in the 
    domestic markets.
° To source and nurture International alliance that aid these two objectives.