LOW-priority, referral account.
[~]= estimate,[!]= unverified.
1. Company overview & snapshot
1.0 The connection — Jangbahadur Singh
| Field | Detail |
|---|---|
| Title | Deputy (Regional) Manager North — ABP (dealer) business, Bajaj Indef, since May 2023; based in Lucknow |
| Territory | Dealer network in UP, Bihar, Uttarakhand and parts of MP |
| Earlier | Kirloskar Oil Engines, Mahindra Powerol, Jakson (Cummins gensets), KALA Group — industrial sales into the same plants |
| Public signal | Quoted in INDEF BUZZ (Jul 2024) on “Vision 500” dealer growth |
| Authority over a Stamped pilot | None at Indef. Useful as a referral source into North India plants |
| Connection | 1st-degree |
1.1 Legal identity
- Indef Manufacturing Ltd, CIN L29308MH2022PLC390286; demerged from Hercules Hoists Ltd and listed in 2025 (BSE 544364, NSE BAJAJINDEF). Bajaj group (Chairman Shekhar Bajaj).
- Corporate office: 501-504 Shelton Cubix, CBD Belapur, Navi Mumbai. MD: Amit Bhalla. CFO: Bijay Kumar Agrawal. CS: Vineesh Vijayan Thazhumpal.
- Subsidiary: Daedalus Lift & Access Equipments.
1.2 Revenue
| FY | Basis | Revenue | Source |
|---|---|---|---|
| FY24 | Standalone | ₹179.5 Cr | Annual results |
| FY25 | Standalone | ₹176.7 Cr (consol. ₹178.6 Cr) | Annual results |
| FY26 | Standalone | ₹195.7 Cr (consol. ₹207.7 Cr); PAT ₹26.1 Cr | Audited results |
Working revenue range: ₹195–210 Cr FY26. Confidence: high. Matches the brief’s ₹196 Cr.
1.2a Scale & MSME
| Field | Value |
|---|---|
| MSME class | Not MSME (listed, Bajaj group; revenue under ₹250 Cr but group-owned) [~] |
| Customers named | Apollo Tyres, IFGL Refractories, Eveready |
| Energy intensity | Annual report: “operations of the Company are not energy-intensive” |
1.3 Plants
| Site | Address | Role |
|---|---|---|
| Khalapur | 43/2B, Savroli-Kharpada Road, Khopoli 410202 | Hoist manufacturing/assembly |
| Chakan | Gat 118/17, Wasuli, Chakan MIDC Phase 2, Pune 410501 | Manufacturing/assembly |
| North office | 709, Aggarwal Millennium Tower-1, Pitampura, Delhi | Sales (Jangbahadur works from Lucknow) |
1.4 Champion map
| Type | Name | Role | Why | ||
|---|---|---|---|---|---|
| Connection | Jangbahadur Singh | Dy. Regional Manager North | https://www.linkedin.com/in/jangbahadur-singh-885179a9 | jangbahadur.singh@indef.com (inferred, low) | Referral source |
| Sales lead | Dheeraj Kumar Singh | His manager [!] | https://www.linkedin.com/search/results/people/?keywords=Dheeraj%20Kumar%20Singh%20Indef | unknown | Wider North network |
| P&L | Amit Bhalla | MD | https://www.linkedin.com/search/results/people/?keywords=Amit%20Bhalla%20Indef | indef@indef.com (published) | Not a buyer for us |
| Maintenance | name TBD | Khalapur maintenance | — | — | Only if Indef itself is ever pursued |
| Generic | — | — | — | enquire@indef.com (verified) | Fallback |
Decision path: not applicable for a sale. Referral: Jangbahadur → his dealer/customer plant heads.
2. Energy profile
DISCOM (Indef’s own plants): MSEDCL (Khalapur, Chakan). Bill estimate ₹5–15 lakh/month per plant [~]: fabrication, machining and assembly of hoists; welding and small machining loads. Indef calls itself not energy-intensive, which fits.
Referral territory DISCOMs: UPPCL subsidiaries — PVVNL (west UP, Ghaziabad/Meerut), MVVNL (Lucknow), DVVNL (Agra/Kanpur dehat), PuVVNL (Varanasi/Gorakhpur), KESCo (Kanpur city); UPCL (Uttarakhand, Haridwar/Rudrapur). Those are where his crane customers sit.
3. Operations, equipment & digital stack
3.1a Machine inventory (Indef plants)
| Class | Present? | Count / size | OEM | Notes |
|---|---|---|---|---|
| CNC turning / lathe | Yes [~] | unknown | — | Gears, shafts |
| VMC / HMC | Yes [~] | unknown | — | Housings |
| HPDC / LPDC / GDC | No (castings bought) [~] | — | — | — |
| Forge | No (hooks likely bought or small) [~] | — | — | — |
| Heat treatment | Possibly small (gears, chains) [~] | — | — | — |
| Press / stamping | Small [~] | — | — | — |
| Welding | Yes | — | — | Crane girders |
| Paint | Yes [~] | — | — | — |
Not worth further mapping for a sale.
4. Stamped Energy fit analysis
- ICP: fails the bill gate; Maharashtra; not energy-intensive. Fails as a direct customer.
- Fit score: 2/10. Value is purely the referral network in UP/Uttarakhand heavy industry.
The strongest wedge is: a referral ask. Jangbahadur’s dealers sell hoists and cranes into North India forges, foundries, steel re-rollers and heat-treatment plants; two or three named plant heads from him are worth more than any pitch to Bajaj Indef itself.
4.6 Concern scores (1–10)
| Concern | Score | Who | Why |
|---|---|---|---|
| Energy / electricity bill | 2 | — | Self-described not energy-intensive |
| Maintenance / uptime | 4 | Plant maintenance | Assembly plants |
| Production / dispatch | 6 | Plant heads | Order-driven |
| Overall efficiency | 5 | MD | Listed company, margin focus |
4.7 Pitch sketch
To Jangbahadur: “Your dealers are inside the plants we want to help. Two or three names, mentioning you. If they become customers, they’ll know who sent us, and the plant heads may remember Indef kindly when the next crane order comes up.”
5. Before you reach out
- Do not lead with a pitch to Bajaj Indef; the company says it isn’t energy-intensive.
- Do not lead with “verified on the next bill”; use verified with evidence.
- Discovery questions:
- Which of his top 10 accounts run furnaces, forging, melting or rolling?
- Any of them in Kanpur, Ghaziabad, Haridwar, Rudrapur, Lucknow?
- Does he deal with plant heads or only purchase/maintenance?
- Would his dealers allow a co-visit?
- Is there a dealer meet where Stamped could get 10 minutes?
- Is there a referral expectation (fee, reciprocal leads)?
6. Risks, flags, controversies & sources
6.1 Risks & controversies
- Not a buyer: Bajaj Indef’s own plants are small energy users in Maharashtra; referral value depends on Jangbahadur’s willingness to share customer names, which some sales people won’t do.
- Email inferred with low confidence: company email pattern unclear (CS uses initials, e.g. vvt@indef.com). Prefer LinkedIn DM.
- Controversies: none found (searched: “Indef Manufacturing” / “Bajaj Indef” + SEBI / penalty / lawsuit / labour). Bajaj group companies have unrelated past matters; nothing specific to Indef.
6.2 Data quality flags
- Manager name (Dheeraj Kumar Singh) from LinkedIn references
[!]. - Plant bills are estimates.
6.3 Sources consulted
- https://www.indef.com — company, plants, contacts
- Indef Manufacturing Ltd FY26 audited results and FY25 annual report (BSE/NSE filings) — revenue, “not energy-intensive” statement, addresses
- INDEF BUZZ newsletter, Jul 2024 — Jangbahadur Singh quote
- https://www.linkedin.com/in/jangbahadur-singh-885179a9
- News/legal search — no controversies found