Gainwell Group, through its group entity - Indocrest Defence Solutions Private Limited
(IDSPL), has
acquired a dominant stake in TIL (formerly Tractors India) Limited (NSE: TIL), one of India’s
leading
infra equipment manufacturer. Gainwell Group, a Make-in-India conglomerate with significant
presence in
the mining, construction, energy, defence, railways, and heavy equipment sectors, is expected
to
accelerate TIL’s growth further and bolster its already robust order book for cranes, reach
stackers,
material handling and defence equipment.
Gainwell Group promoter Mr. Sunil Kumar Chaturvedi has been appointed as a director of
TIL today
is slated to be appointed, subject to Shareholders’ approval, the Chairman & Managing Director
of TIL.
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