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. Click the buttons below to read the new CMD’s message to employees: