Lloyds Engineering Powers Up: Acquires 77% Stake in Techno Industries in ₹1.9 Billion Mega Deal

Unknown Apr 02, 2026 900 Views

Lloyds Engineering Works Ltd has taken a decisive step in its expansion strategy, announcing the acquisition of a 77% stake in Techno Industries Private Limited for ₹1.9 billion (₹1,900 million). While earlier reports suggested an 11% acquisition for ₹250 million, the finalized deal significantly...

Key Highlights:

Strategic Acquisition: Lloyds Engineering’s purchase of a majority stake in Techno Industries marks a major milestone, positioning the company as a formidable player in India’s elevator, escalator, and motor manufacturing landscape. The acquisition was completed through a share purchase agreement with Techno’s promoters, Bharat Patel and others.

Scale and Reach: Techno Industries boasts a strong base of 21,000+ elevators, 800,000+ induction motors, and 11.5 million+ pumps, with a significant market share in Gujarat and a nationwide presence. The company operates a sprawling 110,000 sq. ft. manufacturing facility and employs over 800 people.

Growth Strategy: Post-acquisition, Lloyds plans to leverage Techno’s established brand and expand aggressively in industrial elevators, parking systems, and export markets such as the UAE, USA, and Africa. Capex of ₹300 million is earmarked over the next three years for capacity expansion.

Synergy and Market Impact: The deal is expected to be earnings accretive from the first year, with Lloyds aiming to eventually increase its stake to 100%. This move, alongside recent acquisitions in heavy fabrication and infrastructure, propels Lloyds Engineering on a high-growth trajectory, broadening its product portfolio and execution capabilities.

Industry Outlook: The acquisition aligns with Lloyds’ vision to become a technology-oriented engineering powerhouse, ready to capitalize on India’s infrastructure and industrial boom.

Sources: Marketscreener, BlinkX, Wealthy.in

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