Mangal Credit & Fincorp Ltd

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• Tak Machinery and Leasing Ltd manufactures wide range of lifting equipments. The main items manufactured are electric overheaad travelling cranes, hoist, bucket elevators, screw conveyors, flat conveyors, etc. In addition, the company is engaged in structural fabrication work, production of gray iron castings & leasing equipment. In 1962-63, the Company entered into a ten-year technical collaboration agreement with Fellows Brothers, Ltd. of England for manufacture of electric hoists and chain pulley blacks. Technical Collaboration Agreement was also finalised with Naylor Brothers, Ltd. of U.K., for manufacture of conveying equipment and Martonair, Ltd., of U.K., for manufacture of air hoists. In 1965-66, a technical collaboration agreement was concluded with Ursvikens Nekanisks Verkstads AB, Sweden, for the manufacture of press brakesd and another acollaboration agreement with Nuquip, Ltd., of U.K., for the manufacture of airline equipment like filters, lubricators, pressure regulators and automatic drain valves. In 1973-74, Government approved the collaboration agreement entered into by the Company with Fellows Stringer, Ltd., England, for the manufacture of flameproof electric hoists. In order to meet the needs of the expansion, a new plant was being set up at Vatwa near Ahmedabad. The cost of the plant was estimated at Rs. 40 lakhs. This factory was completed during 1974-75.