Grundfos Pumps, the world’s largest pump manufacturer, has announced its plans to double production capacity by setting up an additional unit. As part of the expansion plan, with an initiative of making India as its second home, the company proposes to invest Rs. 230 crores in the next five years.
According to Mr. Carsten Bjerg, Group President, with a turnover of Rs. 318 crores in 2012, the group is planning for two full-fledged production units in Chennai with the possible generation of 1,000 new jobs in the next five years. The establishment of the R&D division will cater to the Indian specific market, which will come into being in the next two years. On the costing front; Grundfos prioritizes on the best quality which fetches long term savings rather than minimizing the cost.
According to Mr. N.K. Ranganath, Managing Director, Grundfos India, the company currently has 55 distributors and over 140 dealers across the country. It is now in the process of expanding the distributor and dealership networks to boost sales.
Since inception in 1998, Grundfos India has been growing phenomenally at 30-35 per cent. With a turnover of Rs. 318 crores in 2012, Grundfos is hoping to raise it to Rs. 1,000 crores in the next five years. The company is quite confident about its future as the market size in India is 950 million Euro which is being fully tapped. Further, cent per cent customer satisfaction is achieved in all the segments served.
Grundfos Pumps India Pvt. Ltd., a wholly-owned subsidiary of Grundfos Holdings, was established on March 13, 1998. The company is responsible for sales of Grundfos products in India, Bangladesh, Bhutan and Maldives. Currently, Grundfos India has a manpower of over 200 and operates with about 150 distributors and dealers with 13 offices across India.
Grundfos India provides pumps and pumping solutions for various applications like heating and hot water service systems, cooling and air-conditioning systems, industrial applications, pressure boosting and liquid transfer, groundwater and domestic water supply, sewage and wastewater, dosing and disinfection systems, chlorination systems, and pumps running on renewable energy.
