The company operates within two main business segments: steel and plastics. Its product range includes various machinery for cotton processing, along with associated components and parts for cotton ginning and pressing plants, as well as manufacturing parts for automobile and ordinance factories. The company boasts state-of-the-art engineering facilities across multiple plants in and around Nagpur. Its cotton ginning automation and pressing machinery are developed in collaboration with the Central Institute of Research on Cotton Technology, Government of India. Exporting to countries such as Bangladesh, Kenya, Madagascar, Malaysia, Myanmar, Nigeria, Sri Lanka, and Uganda, among others, is also part of its operations.
Established on February 14, 1961, as a private limited company by Hargovind Bajaj, the company initially began as steel re-rollers. Over time, it diversified its offerings, notably developing a double roller cotton gin in 1965. In October 4, 1985, it transitioned into a public limited company.
Throughout its history, the company has expanded its production capacities, introduced new products, and pursued strategic collaborations. Notable milestones include increasing the production capacity of Sacks/Fabrics in 1995-96 and 1996-97, and enhancing the production capacity of Master Batches in 2001-02. The company also received the fifteenth Lalit Doshi Memorial Award in 2008-09 for being the best SICOM assisted unit.
In its continuous pursuit of growth and efficiency, the company explored options such as divesting the underperforming 'Superpack Division' and engaging in technical collaborations for manufacturing various equipment. Notably, it acquired the business of Continental Eagle Corporation, USA, forming its subsidiary 'BAJAJ CONEAGLE LLC' in the USA in 2011-12.
Further expansions and developments include the launch of new products in 2010-11, business expansions into new engineered products and turnkey projects in Uganda and Benin in 2015-16, and the expansion of its Electrical Panel Division with a new manufacturing unit in Hingna, Nagpur, in 2020-21.