Cricketer Sachin Tendulkar has funded an undisclosed fund in AZAD Engineering based in Hyderabad. The company provides technology in different like the clean energy, aerospace, defense, oil & gas, and SPS industries.
Using this fund, the company wants to complete its Atma Nirbhar Bharat and Make In India goal, started by the Indian government, as per Inc42.
“As a company committed to promoting highly complex manufacturing and self-reliance, AZAD will focus on our vision and create more growth & innovation opportunities for India.” Said founder and CEO of AZAD MD Rakesh Chopdar.
AZAD ENGINEERING, Pvt. Limited is a world-class producer of Turbine and Aerospace Parts required by Power Generation and Aerospace OEMs with varied complex designs and Stringent Engineering requirements across the world. In 2021, AZAD raised $20mn AND also established its third manufacturing plant in Telangana from a 500 Cr investment.
AZAD wants to grow to a 50% CGAR and try to fulfill its customer’s demands, in addition to improving assets for good results.
AZAD has customers named AZAD counts Boeing, GE, Mitsubishi, Siemens Energy, Honeywell, Eaton, GE Aerospace, Baker Hughes, and domestic giants such as HAL, Godrej, TATA, and Mahindra Aerospace.
The industrial sector should maintain a careful check on Indian entrepreneurs’ development of fresh technology, according to recent comments made by finance minister Nirmala Sitharaman.
About Azad Engineering
Azad Engineering PVT Limited specializes in the manufacture of Aerospace and Turbine components Equipped with the latest equipment to provide a full service to its clients.