Archive · 2 Aug 2025
Bajaj Indef Acquires Daedalus, Boosting 'Make in India' Initiative
Imagine a company called Bajaj Indef that makes things to help lift and move heavy objects.
They bought a big part of another company called Daedalus, which makes machines that help people work at heights, like lifts.
Daedalus was started by some friends who wanted to make these machines in India.
Bajaj Indef wants to grow bigger and make more money, and this purchase helps them do that by offering more products and better service.
It's like two companies are teaming up to make even cooler and more helpful stuff for people to use!
Bajaj Indef acquired an 80% stake in Daedalus Lift & Access Equipments.
Daedalus, founded in 2017, manufactures Aerial Work Platforms (AWPs) and Mobile Elevating Work Platforms (MEWPs).
The acquisition aligns with Bajaj Indef's 'Vision 500' growth plan.
Daedalus's products are Made-in-India and focus on safety and reliability.
The partnership aims to expand product offerings and enhance customer service.
- Who
- Bajaj Indef acquired Daedalus, a manufacturer of AWPs and MEWPs.
- What
- Bajaj Indef acquired 80% stake in Daedalus Lift & Access Equipments.
- When
- Announced on August 2nd.
- Where
- Mumbai, India (Bajaj Indef); Chakan, Pune, India (Daedalus).
- Why
- To expand Bajaj Indef's product portfolio and achieve its 'Vision 500' growth plan.
Daedalus
Bajaj Indef
Made-in-India
Daedalus
Prioritized indigenous manufacturing.
Bajaj Indef
N/A
- Acquisition
- 80% stake
- Acquiring Company
- Bajaj Indef
- Acquired Company
- Daedalus Lift & Access Equipments
- Daedalus Founded
- 2017
- Daedalus Products
- AWPs and MEWPs
- Bajaj Indef's Vision
- Vision 500