Air compressor maker Elgi Equipments seeks $450 mn revenue by FY26
Air compressor manufacturer Elgi Equipments expects revenue to grow 24 per cent from $364 million the last Financial Year to $450 million by FY 2025-26, said a top company executive.
READ MORECompressed Biogas: A Clean Energy Solution
In pursuing sustainable energy solutions and reducing carbon emissions, the focus on renewable and alternative fuels has gained significant momentum.
READ MOREElGi Equipments' CFO stresses on tech democratisation for digital transformation in air compressor industry
The company created a digital as a function and is onboarding data scientists while strengthening IT infrastructure maintenance to support the digitalisation efforts.
READ MOREAll-Women Factory Lines Emerge in India
India's government has been pushing for a program called "Make in India" to support local manufacturing. Now, some companies are going further to "make in India" solely with women.
READ MORESpinning success: Indiaโs rising dominance in global textiles
As consumerism and disposable income surge, the retail sphere witnesses rapid growth with the influx of international players, informs M K Raajeshwar.
READ MOREManufacturing Heroes
ELGi is one of the global leaders in the air compressors business and is currently the sixth-largest player in the world. While its goal is to be one of the top three air compressor manufacturers globally, its strategy for growth in global markets has included both organic and inorganic initiatives.
READ MORENavigating the Air Compressor Landscape in Construction: Which One Fits Your Needs?
The construction industry is a behemoth in the global economy, with approximately $10 trillion spent on construction-related goods and services each year. In India, the construction sector is expected to reach $1.4 trillion by 2025, driven by increased capital investment and urban infrastructure development plans. With such growth, the demand for air compressors in the construction sector is set to soar.
READ MOREELGiโs Woman of Steel: Divyaโs take on Bringing Inclusivity in the Industry
Divya Thopiah of ELGi Equipments Limited has always been fascinated by the manufacturing sector. Her role as the Assistant General Manager of Planning and Logistics is filled with challenges but also brimming with opportunities to shape the industryโs landscape. It is women like Divya and their exemplary work ethic that become an inspiration for millions of aspiring girls who want to carve their niche in this industry.
READ MOREEmbracing the Future: Enabling Smart Manufacturing
In todayโs rapidly evolving world, technology is revolutionizing every aspect of our lives, and the manufacturing industry is at the forefront of this transformation. I am excited to explore the incredible potential of digitally connected โSmartโ manufacturing systems. With the democratization of data and advancements in communication technology and connectivity, we are entering a new era of innovation, productivity, and user experience.
READ MOREPowering Sustainability
Renewable energy allows manufacturing companies to address climate change, achieve cost savings, enhance energy security, comply with regulations, drive innovation and demonstrate corporate social responsibility. By transitioning to renewable energy sources, manufacturing companies can contribute to a sustainable future while reaping numerous economic and environmental benefits. Here is deep dive into the transformative rol of renewable energy in manufacturing and where you can begin.
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