Ajax Engineering Limited

WhiteOak Capital Mutual Fund increased its stake in Ajax Engineering Limited from 1.57% to 1.83%, raising its shareholding from 1,792,787 to 2,098,824 shares. The approximate value of the increased stake was ₹12.18 Cr based on the share price of ₹594.00.

A manufacturer of concrete equipment and machinery, Ajax Engineering designs and produces a comprehensive range of products for the construction sector. Founded in 1992, the company operates across the entire value chain of concrete equipment, serving builders and construction firms throughout India. Its portfolio includes concrete mixers, pumps, and related machinery for concrete handling, placement, and processing. The company provides both equipment and associated services to support construction operations.

Founded by Prashant Khemka, former CIO of Goldman Sachs Asset Management India. Manages over Rs 20,000 crore with a concentrated bottom-up approach rooted in fundamental quality research. WhiteOak's edge is the proprietary SQGLP (Scalability, Quality, Growth, Longevity, Price) framework applied with global research standards to Indian equities.