Jethmalani's last working day will be 28 February 2025. The company expressed its gratitude for the services and contributions he made during his tenure.
Hercules Hoists offers a diverse range of products and services, including manufacturing, sales, distribution, and marketing of mechanical hoists, electric chain hoists, and wire rope hoists; stackers and storage and retrieval solutions; overhead cranes in the standard and extended standard range; manipulators; and material handling automation solutions.
On a full-year basis, the company's net profit slipped 65.2% to Rs 35.98 crore in FY25 as against Rs 103.80 crore posted in FY24. Net sales jumped 19.1% to Rs 179.53 crore in FY25 as against Rs 150.77 crore reported in FY24.