Latest news with #Gite
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
01-07-2025
- Politics
- Time of India
Nashik: Former standing panel chief Ganesh Gite to join BJP
Nashik: Ganesh Gite, former chairman of the Nashik Municipal Corporation (NMC) standing committee and a NCP (SP) functionary, is expected to rejoin the BJP this week. This move comes ahead of the upcoming civic polls and marks a return to his former party. Gite had previously left the BJP to join NCP (SP) after being denied a ticket for the Nashik East constituency in the state assembly elections last year. He had aimed to contest from that constituency, but the BJP instead nominated its sitting MLA Rahul Dhikle. Gite ultimately ran on an NCP (SP) ticket and was defeated by Dhikle. Gite served as the chairman of the NMC standing committee for two consecutive years — from 2020-21 to 2021-22. The five-year term of the civic body concluded in March 2022, and civic elections have yet to be held. BJP sources indicate that former corporator Kamlesh Bodke, who was expelled from the party last year for supporting Gite during the state assembly elections, is also expected to join the BJP at a function planned for the coming days. Many members of the Maha Vikas Aghadi (MVA), particularly from Shiv Sena (UBT), are moving to the Mahayuti. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด CFDs ด้วยเทคโนโลยีเทรดสุดล้ำ และ รวดเร็วกว่า IC Markets สมัคร Undo During the last fortnight, over a dozen former corporators from Sena (UBT) have either joined the BJP or Shiv Sena. Recently, Sudhakar Badgujar, deputy leader of Shiv Sena (UBT), joined the BJP in Mumbai along with several former corporators and his supporters. Additionally, Vilas Shinde, Nashik city chief of Shiv Sena (UBT), and other former corporators joined Shiv Sena on Sunday at a programme attended by deputy chief minister Eknath Shinde. On Tuesday, a former Congress MLA from Dhule also joined BJP at a function held in Mumbai. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Time of India
09-06-2025
- Time of India
Minor detained for robbery, search on for accomplices
Pune: Mahalunge MIDC police on Sunday detained a 17-year-old youth and are searching for his two accomplices, who assaulted and robbed two workers at Bhamboli in Khed taluka last month. Tired of too many ads? go ad free now A terrified victim (19), who works with a private company in Mahalunge MIDC, did not approach the police immediately after the robbery. "After detaining the minor, we traced the victim. After that, he lodged a complaint, "Senior police inspector Nitin Gite of the Mahalunge MIDC police told TOI. Gite said that the robbery happened on May 13. The complainant and his three colleagues were returning to their rented accommodation after the night shift when three unknown men stopped them near Bhamboli. "The men demanded money from them. When the victims refused to give them the money, the trio thrashed them and snatched Rs500 from the pocket of one of the four workers," Gite said. The officer said that the trio then forced the victim to transfer Rs1,000 to a UPI account. They threatened the workers not to approach the police and fled from there. "Our crime branch team detained one of the trio in connection with some other crime. During the questioning, he admitted his involvement in the robbery. We are searching for two others," the officer said.
