Pai Machines Completes Asset Purchase at L&T Construction 

New Delhi, December 11 2024: Pai Machines, a newly established brand of Infra Bazaar Tech Pvt Ltd (IBTPL) that deals in advanced machinery manufacturing, has completed the asset purchase of the machinery works manufacturing facilities of L&T Construction Equipment Limited division (LTCEL). As part of the transaction, a 70-member manufacturing team, including a 40-member product development/R&D team, have transitioned to Pai Machines. This transition was set in motion in June 2024.

Pai Machines seeks to leverage its new resources and workforce to develop next-gen electric machines for earth-moving and construction sectors. The growth plan includes diversifying into new markets, with construction facilities like batching plants and agri-equipment such as electric tractors, 5T wheel loaders, and 3.5T mini excavators.

Pai Machines founder Abhijeet Pai said, “Our vision for Pai Machines is to lead the way in in-house development of cutting-edge products, establishing a robust foundation for delivering exceptional service to our customers. This asset purchase represents a significant step forward in that direction.”