Azad Engineering Limited

Azad Engineering Limited is a Hyderabad based manufacturer of highly engineered, mission and life critical forged and machined components. Incorporated in 1983, the company supplies precision parts such as turbine blades and other rotating and structural components to original equipment manufacturers serving the aerospace, defense, energy, and oil and gas industries worldwide. The company operates four manufacturing facilities in and around Hyderabad, Telangana, and employs between 201 and 500 people. Its promoter, Rakesh Chopda, has built the business around long duration relationships with global OEM customers that require tight tolerances and rigorous quality certification, and the company has also outlined plans to expand its manufacturing footprint into the Siddipet and Sangareddy districts of Telangana. Azad Engineering positions itself as a niche supplier in a segment with high entry barriers due to the technical qualification, certification, and capital intensity required to serve aerospace and energy OEMs. Its focus on complex, mission critical machined and forged parts, combined with a diversified end market spanning aerospace, defense, energy, and oil and gas, is central to its growth strategy.

The anchor book drew participation from a mix of marquee domestic and foreign institutional investors, including the Abu Dhabi Investment Authority, Nippon India Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Trustee, Tata Mutual Fund, Eastspring Investments, Bandhan Mutual Fund, HDFC Life Insurance, Bajaj Allianz Life Insurance, and Max Life Insurance.