Axtel Industries Limited
PGIM India Alternatives bought 10,000 shares of Axtel Industries, increasing its stake from 1.42% to 1.48%.
A manufacturer of custom-designed food processing plants and machinery, Axtel Industries serves food production companies across India with engineered solutions. Founded in 1991, the company specializes in fabricating equipment tailored to specific client requirements rather than offering standardized products. This made-to-order approach allows clients to optimize their production processes and capacity based on individual operational needs and specifications.
PGIM India Alternatives is the alternative investments arm of PGIM India, running Category III AIFs. Led by Chief Investment Officer for Alternatives Aniruddha Naha, it follows a Growth at Reasonable Price, process-driven approach built around high-conviction themes across discretionary consumption, manufacturing and capital expenditure, financialisation and digitisation. Its Equity Growth Opportunities Fund is a close-ended strategy focused on quality small and mid-cap businesses.
