What does Epiroc Mining India Limited do?

Epiroc Mining India Limited is the Indian subsidiary of Epiroc AB, a Swedish company listed on Nasdaq Stockholm. It provides mining and rock excavation equipment, tools, and services in India, including drilling rigs, rock drills, crushers, and related aftermarket services for the mining, infrastructure, and construction sectors.

Who owns Epiroc Mining India Limited?

Epiroc Mining India Limited is a wholly owned subsidiary of Epiroc AB, headquartered in Örebro, Sweden. Epiroc AB was spun off from Atlas Copco in 2018 and is listed on Nasdaq Stockholm. The Indian entity was incorporated in 2017 in Pune, Maharashtra.

When was Epiroc Mining India Limited incorporated?

Epiroc Mining India Limited was incorporated in 2017 and is registered under CIN U29309PN2017PTC171542 in Pune, Maharashtra.

What is Epiroc's global scale?

Parent company Epiroc AB is a major global mining and rock technology equipment supplier with annual revenues exceeding SEK 60 billion. The company serves mining and construction customers in over 150 countries with a product portfolio that includes surface and underground drilling rigs, rock excavation tools, and automation solutions.

Is Epiroc Mining India planning an IPO?

There is no publicly available information indicating that Epiroc Mining India Limited plans a standalone IPO in India. As a wholly owned subsidiary of the globally listed Epiroc AB, an independent India listing is not expected in the near term.

How do I buy Epiroc Mining India unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Epiroc Mining India?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Epiroc Mining India shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Epiroc Mining India Unlisted Share Price | Buy Epiroc Mining India Pre-IPO Shares — wisefolio

Investment Thesis

Epiroc Mining India Limited is a wholly owned Indian subsidiary of Epiroc AB (Sweden), a global leader in mining and rock technology equipment. Incorporated in 2017 in Pune, the company benefits from its parent's global scale, technology, and brand. India's expanding mining sector and critical mineral push provide strong structural demand tailwinds, though the business remains exposed to commodity cycle volatility and competitive pressures from global OEM peers.

Pros

100% subsidiary of Epiroc AB (Sweden), a globally listed mining and rock technology equipment company with revenues exceeding SEK 60 billion annually
Incorporated in 2017, benefiting from Epiroc's global expertise in drilling rigs, rock excavation tools, and mining automation technology
Positioned to benefit from India's growing mining sector driven by government push for domestic mineral production under the National Mineral Policy
Access to Epiroc's global R&D, technology, and manufacturing capabilities for advanced mining equipment including battery-electric and automation solutions

Cons

Incorporated only in 2017 with limited standalone operational history in India compared to established competitors
No publicly available standalone India financial disclosures as the entity is a wholly owned unlisted subsidiary
Mining equipment demand in India is cyclical and linked to government capex and commodity prices

Business Segments

Surface Mining Equipment

Surface drilling rigs and rock excavation tools for open-cast mining and quarrying operations

Underground Mining Equipment

Underground drilling rigs, loaders, and haulage equipment for underground mining operations

Tools and Attachments

Rock drilling tools, hydraulic breakers, and related consumables for construction and mining

Aftermarket Services

Parts, maintenance, and service support for Epiroc equipment deployed in India

Revenue Model

Epiroc Mining India Limited generates revenue through sale of mining and rock technology equipment (drilling rigs, loaders, tools), aftermarket parts supply, and service contracts. The Indian entity serves domestic mining companies, infrastructure contractors, and quarrying operators.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's National Critical Mineral Mission driving exploration and mining of battery materials

Infrastructure build-out (roads, railways, tunnels) requiring rock excavation equipment

Epiroc's global push for battery-electric mining equipment aligning with India's ESG and sustainability goals

Industry Tailwinds

India's National Critical Mineral Mission driving exploration and mining of battery materials

Recent Developments

India mining sector expansion

India's National Mineral Policy and increased government focus on domestic mineral production have driven growing demand for mining equipment, benefiting Epiroc's Indian operations.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

Sandvik AB (India operations)ListedSAND (Stockholm)—

Caterpillar Inc (India operations)PE: ~16xxListedCAT (NYSE)~180B USD

Komatsu India (subsidiary)Listed6301 (Tokyo)—

Sandvik AB (India operations)Listed

SAND (Stockholm)

Frequently Asked Questions

About Epiroc Mining India

Epiroc Mining India Limited is the Indian subsidiary of Epiroc AB, the Sweden-headquartered global mining and infrastructure equipment manufacturer. Incorporated in 2017 (CIN: U29309PN2017PTC171542) as a result of the demerger of Atlas Copco's Mining and Rock Technology division, Epiroc India provides world-class mining equipment, drilling solutions, and aftermarket services to India's mining, construction, and infrastructure sectors. Epiroc's product portfolio includes surface and underground drilling rigs, rock excavation equipment, blast hole drilling systems, and digital mining solutions. The company serves coal, iron ore, copper, gold, and aggregate quarry operators across India. Epiroc India has demonstrated impressive scale — reporting revenues of approximately Rs 2,430 crore in FY2025 — making it one of India's largest mining equipment companies. India is a major mining market, with coal (India is the world's second-largest producer), iron ore, and aggregate production at significant volumes. The government's infrastructure push — roads, railways, metro, and urban development — drives strong demand for rock excavation and drilling equipment. Epiroc's global parent brings cutting-edge technology, R&D investment, and service expertise backed by decades of Atlas Copco heritage. The company's aftermarket services business (spare parts, maintenance, and equipment rebuilds) provides recurring revenue streams beyond initial equipment sales. With mining automation and digitalization gaining traction globally, Epiroc's digital mining technology provides a growth vector in India. Shares are available through platforms like UnlistedZone.

Key Milestones

Incorporated in 2017 in Pune, Maharashtra as Indian subsidiary of Epiroc group

Common questions about unlisted shares

How do I buy Epiroc Mining India unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Epiroc Mining India Limited

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