Azad Engineering Limited
WhiteOak Capital Mutual Fund increased its stake in Azad Engineering Limited from 1.19% to 1.26%, raising its holdings from 767,941 to 816,117 shares. This translates to an acquisition of 48,176 shares worth approximately ₹11.45 Cr at ₹2378.50 apiece.
A manufacturer of aerospace components and turbines, Azad Engineering supplies precision-engineered products to original equipment manufacturers across aerospace, defense, energy, and oil and gas sectors. Established in 1983, the company specializes in heavy electrical equipment and complex mechanical assemblies for mission-critical applications. Its vertically integrated manufacturing capabilities and focus on quality engineering distinguish it within India's industrial manufacturing landscape.
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.