Conmat Heavy Industries Pvt. Ltd. – India’s Concrete Equipment Specialist

Conmat Heavy Industries (formerly Conmat Systems) is an Indian manufacturer and exporter of concrete construction equipment, including batching plants (stationary, mobile, compact), transit mixers, concrete pumps, paving machines, and self-loading mixers. Based in Vadodara, Gujarat, Conmat also serves global markets through its dealer network and has benefited from advanced Japanese technology through its previous joint venture with KYB Corporation.

Origins and Evolution
Founded in 2002, the company began with material-handling systems before expanding into concrete equipment manufacturing in 2009 at its Vadodara facility. In 2013, it formed a strategic joint venture with KYB Corporation of Japan—renowned for transit mixer technology—which significantly boosted its revenue and market presence.

Recent Strategic Development
On 6 January 2025, Conmat Group acquired 100% control of KYB-Conmat by purchasing the Japanese partner’s 51% stake in a ₹330 crore deal. This acquisition gives Conmat full ownership and strategic autonomy while retaining non-exclusive rights to KYB’s mixer technology.

Product Portfolio and Innovation Focus
Conmat Heavy Industries offers a comprehensive range of concrete equipment:

• Batching Plants: Stationary, mobile, compact, infra-series, twin-shaft

• Transit Mixers: Continuing under KYB technology license

• Concrete Pumps and Paving Machines

• Self-Loading Mixers and Site-Specific Variants

• Road and Canal Paving Equipment, Tower Batching Plants, Side-Discharge Conveyors

At EXCON 2023, Conmat launched advanced, fuel-efficient, IoT-enabled machinery, including hydrostatic-drive wheel loaders and user-friendly self-loading mixers with regional language control panels.

Scale, Reach and Workforce
The company employs around 450 in-house professionals and over 350 contractual staff. Its workforce is supported by 200+ sales and service engineers and a dealer network comprising 10 domestic and 4 international partners, reaching more than 25 countries. Conmat also operates a 500,000 sq. ft. integrated R&D and manufacturing facility in Vadodara.

Market Outlook and Growth Drivers
India’s concrete equipment market, valued at ₹88 billion in 2025, is expected to grow to ₹230 billion by 2029 at a CAGR of approximately 21%. The company is well-positioned to benefit from India’s infrastructure drive under programs like Make in India and Smart Cities Mission, as well as from export opportunities in developing markets.

Leadership and Vision
Founded and led by Premraj Keshyep, Conmat emphasizes innovation, high governance standards, and sustainability. The company’s vision is to blend Indian manufacturing strength with global technology leadership for lasting industrial impact.

Strategic Significance
With complete control of the KYB-Conmat venture, Conmat Heavy Industries is poised to lead its growth independently, enhance profitability, and fast-track its R&D and international expansion initiatives. It is strategically aligned with national infrastructure priorities and global demand for reliable, high-performance concrete equipment.Conmat Heavy Industries has emerged as a strong, independent player in India’s construction equipment industry. With a diverse product portfolio, full ownership control, and a robust distribution network, it is set to play a key role in both domestic infrastructure development and international equipment exports.