[1] As of August 2016 Ajay Shirke purchased SME Limited, a company that manufactures precision turntables and pick-up arms[2] as well as precision engineering parts for Formula One and the aerospace industry.
In April 2018, Mr Shirke finalised the acquisition of the iconic Garrard turntable brand and also Loricraft Audio who for many years were the sole authorised service department for existing Garrard turntables.
These acquisitions are seen by industry observers, to further his commitment to preserve and promote the heritage of traditional British Hi-Fi brands.
[citation needed] He is the son of industrialist and Padma Shri awardee, the late BG Shirke.
The ruling came about after Board of Control for Cricket in India failed to implement the Lodha panel reforms.