Nippon India Mutual Fund now holds a 1.14% stake in Elgi Equipments Limited, up from under 1%. The mutual fund holds 36,00,070 shares of the company.
A manufacturer and supplier of air compressors and automotive equipment, Elgi Equipments operates through a diversified portfolio serving industrial, commercial, and automotive sectors across India and globally. Established in 1960, the company designs and produces compressed air systems, pumps, diesel engines, and related machinery while providing comprehensive after-sales service support to its customers. The company maintains a vertically integrated manufacturing operation with multiple facilities.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.
