Pai Machines, anewly established brand of Infra Bazaar Tech Pvt. Ltd. (IBTPL) that deals inadvanced machinery manufacturing, has completed the asset purchase of themachinery works manufacturing facilities of L&T Construction EquipmentLimited division (LTCEL). As part of the transaction, a 70-member manufacturingteam, including a 40-member product development/R&D team, have transitionedto Pai Machines.
This transitionwas set in motion in June 2024 and, since then, Pai Machines has worked tointegrate the manufacturing facilities and the team with its long-termstrategy. This marks a significant expansion of Pai Machines into India’sconstruction equipment segment.
By embracing the‘Make in India’ for the World initiative, Pai Machines will leverage its newlypurchased state-of-the-art resources and highly skilled workforce to developnext-gen electric machines for earth-moving and construction sectors. Thegrowth plan includes diversifying into new markets, with constructionfacilities like batching plants and agri-equipment, such as electric tractors,5T wheel loaders, and 3.5T mini excavators.
Speaking aboutthe asset purchase, Abhijeet Pai, Founder of Pai Machines, said, “Our visionfor Pai Machines is to lead the way in in-house development of cutting-edgeproducts, establishing a robust foundation for delivering exceptional serviceto our customers. This asset purchase represents a significant step forward inthat direction. We aspire to be recognised as a company driven by innovation,quality, and sustainability, integrating advanced technologies such astelematics and artificial intelligence (AI) into our product developmentprocess. This strategic move will empower us to transform the constructionequipment landscape in India, ensuring our offerings evolve in line with thegrowing needs of our customers and the planet.”
“We aspire to berecognised as a company driven by innovation, quality, and sustainability,integrating advanced technologies such as telematics and artificialintelligence (AI) into our product development process.”
- Abhijeet Pai,
Founderof Pai Machines.