- Business
- Crown Lifters Limited engages primarily in the rental and sale of construction and material handling equipment with a focus on cranes and allied machinery. Its main product offerings include crawler cranes (lattice boom and truck-mounted), telescopic boom cranes (all-terrain, rough terrain, truck-mounted), aerial work platforms (man lifts, scissor lifts, spider lifts), piling and excavation equipment (piling rigs, vibro hammers, excavators). The company targets the infrastructure, construction, and heavy industry markets primarily within India. Founded in 2002 and headquartered in Mumbai, Crown Lifters services a broad client base including large industrial and blue-chip companies.
In recent developments, Crown Lifters has expanded its fleet with the acquisition of two new 150 MT crawler cranes secured for contracts with Ultratech Cement Ltd and Arcelormittal Nippon Steel India, reflecting substantive capital expenditure around INR 43 crore in the current financial year to enhance operational capacity. The company is strategically focusing on long-term infrastructure projects and upgrading its mid-sized crane fleet to align with market demand trends. It continues to emphasize strong in-house maintenance capabilities to improve crane availability and reduce turnaround times despite fleet capacity constraints. Financially, Crown Lifters has reported solid quarterly earnings growth and plans to fund future growth through a mix of debt and internal cash flow, targeting a conservative growth rate of 25-30% over the next five years. The company underwent shareholder equity issuance in 2024, approving warrants to raise approximately INR 26.8 crore.