Latest news with #CoEP
India.com
09-07-2025
- Business
- India.com
Meet man, who spend childhood in a poor district, now owns Rs 5000000000 company, he is.., his company is…
In the 1990s, when many engineering graduates were trying their luck in the U.S. Gite chose Germany for his higher studies in metallurgy engineering. After graduating from the College of Engineering Pune (CoEP), he did post-graduation in Germany and spent 10 years working there. Returning To India, Starting Own Business He later returned to Pune and founded a sand casting startup with just 10 workers, naming it G&B Metal Castings. Though he had clients in Europe, couldn't get the capital. In 2016 he convinced German-Polish casting company Thoni Alutec to invest Rs 350 crore in India, this is when Taural India was founded. After hands-on experience in German foundries, Gite mastered production processes and also deeply understood German quality standards. Taural India invested in dual knowledge transfer like training Indian engineers abroad and bringing German experts to India for on-ground guidance. 'Initially, we reverse-engineered some critical parts, but later built our own R&D, design, and simulation teams to enable localization,' he said in an interview with CNBC. Taural India's Rapid Growth Taural India's real growth story started after 2020, when the company moved out of a rented facility and into its own large-scale production plant. Gite shared, 'Initially, our turnover was Rs 30-40 crore. Today, we've crossed Rs 300 crore and have been growing at an annual rate of 25–30% over the past four years.' In just a few years, Taural India increased its capacity and valuation. Gite estimates the company's current valuation can cross over Rs 700 crore. The initial investment of Rs 350 crore went into setting up the Pune plant in Chakan. Now, a new Rs 500 crore facility is coming up in Supa, near Ahmednagar (Ahilyanagar), of which Rs 200 crore has already been invested. Once the Supa plant becomes operational, production capacity is expected to grow fourfold. Gite anticipates annual growth reaching 35–40% in the coming years. Beating China Through Local Sourcing From a team of just 10 in 2016, Taural India now has 800 people, many from rural Maharashtra, where farming struggles are common. Gite noted, 'Earlier, European clients would place orders a year in advance and pay upfront to stock materials. Now, they receive the same products in real-time faster, cheaper, and locally made.' While the company started in Germany, Taural now exports castings to countries like Switzerland, Bulgaria, Sweden, Czech Republic, Vietnam, South Korea, the U.S., and Japan. Its major clients include General Electric, Siemens, Hyosung, and ABB.
Time of India
22-05-2025
- General
- Time of India
Structural audit of damaged compound wall by CoEP in Pune's Dhankawadi soon
1 2 3 Pune: The College of Engineering Pune (CoEP) technological university will soon conduct a structural audit of the compound wall and other damaged sections of Dhankawadi's Padmavatinagar housing society, where a lower portion of the wall on the perimeter caved in amid heavy rain on Tuesday afternoon. Pune Municipal Corporation (PMC) officials said they had requested CoEP to conduct the audit and the varsity had agreed. On Tuesday night, in a notice, the civic body ordered evacuation of 28 properties on the premises "to prevent any loss of life/property". Residents were firm on their stand of not leaving the property even by Thursday. "PMC has given CoEP a letter to conduct the audit. Our future course of action will be taken based on the findings of the report," said Umesh Shidruk, an official of the building permissions department. COEP professor BG Birajdar, who will head the audit, said their department had started the process and other formalities. "We have accepted the proposal for the audit. A site visit will be carried out in a day or two," he added. PMC's evacuation notice to the housing society said: "If you fail to do so, we will be compelled to exercise our rights under section 268 (7) of the Maharashtra Municipal Corporation Act and, if necessary, get the premises you are occupying vacated with police assistance." Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Civic officials said directives have been given to the society management to repair the wall. A delegation of society members visited the PMC office recently. They said the question of leaving the properties did not arise as damage to the buildings did not appear to be severe. "The society has submitted necessary documents to PMC and we will wait for the structural report now," said Sanjay Patel, a resident. A six-year-old girl and her two brothers (aged 12 and 13 years) survived miraculously when the wall collapsed on Tuesday. At least 15 families of roadside vegetable vendors live in tin shed dwellings close to the wall, which had been rendered structurally dangerous earlier. Last year, the dwellers had approached PMC to get the society to strengthen the wall. "We have been living here for years. Steps need to be taken for our safety and security. We should get compensation for the losses suffered due to the accident," said Harshad Khandare, a resident of the tenements near the compound wall.
