Latest news with #JairamVaradaraj
Entrepreneur
5 days ago
- Business
- Entrepreneur
Elgi Aims to be Top 3 Air Compressor Manufacturers Driven by Broad-Based Growth
Its consolidated revenue from operations for the March quarter was up 14.7 per cent to INR 993 crore as against INR 866 crore in the corresponding quarter of the previous year. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Elgi Equipments aims to be among the top three global air compressor manufacturers by revenue driven by broad-based growth in its key markets. Currently, it is the sixth largest air compressor supplier globally. "India and Europe were very strong, Australia and North America was kind of flat, but Middle East, Africa, India all of them did well. So, that's the top line story. Bottom line was by and large consistent with the top line growth," said Jairam Varadaraj, Managing Director, Elgi. With an estimated market share of around 20 per cent, Coimbatore-based Elgi Equipments is the second largest manufacturer of compressors in India. Its product profile includes portable, reciprocating and screw compressors, sold under the Elgi brand, through channel partners. "We have been for a long period of time in India…we have on average five times more machines installed than in the rest of the world. So, as a consequence, our aftermarket revenue is close to 27-28 per cent of our total revenue, whereas when you take globally, it is only about 12-13 per cent. So, the global markets are in the nascent stage of growing the aftermarket, but once the installed base gets established in these markets, then profitability will follow," said Varadaraj. "So, overall, I think we are on the right track, growing well." Elgi Foundry In a significant leap forward for industrial air compression, earlier this year, Elgi Equipments announced the introduction of its pioneering compressed air stabilization technology, aimed at addressing the challenges of unstable compressor performance, inefficiency, and excessive wear caused by frequent load/unload cycles. In industrial settings, the gap between compressor capacity and plant air demand is inherently dynamic. This variability leads to frequent cut-in and cut-out operations, which destabilize the compressor and impair critical flow and kinematic components. Traditional solutions, such as increasing reservoir volume, altering cut-in/cut-out pressures, or adding variable frequency drives (VFDs), often fall short, introducing new inefficiencies or higher operational costs. The global air compressor market size was valued at approximately USD 26.57 billion in 2024 and is projected to reach USD 34.10 billion by 2030, according to a report from Grand View Research. This represents a compound annual growth rate (CAGR) of approximately 4.7 per cent from 2024 to 2030. Elgi, a publicly listed firm, reported a net profit of INR 102 crore for the fourth quarter ended March, up 34.2 per cent compared to INR 76 crore in the same quarter last year. Consolidated revenue from operations for the March quarter was up 14.7 per cent to INR 993 crore as against INR 866 crore in the corresponding quarter of the previous year. For the full fiscal year, consolidated PAT was down 12.2 per cent to INR 350 crore compared to INR 312 crore in FY24 due to a one-time expense. For the full year, the company's revenue grew 9 per cent to INR 3,510 crore as against INR 3,218 crore in the previous year. "India and Middle East continue to drive sustainable growth. The European and Brazilian business continued the growth momentum. The Australian business saw a return to growth, while the South East Asia remained subdued. The industrials and medical businesses performed well in USA. The automotive business continues to grow, aided by growing domestic demand and through forging strategic partnerships," the company said in a statement during the earnings. On the impact of the US reciprocal tariffs, Elgi said it has "devised certain mitigation measures to overcome the impact of US tariffs, which is expected to be minimized further once a trade agreement is signed at a country-to-country level."
Associated Press
10-02-2025
- Business
- Associated Press
Revolutionizing Air Compressor Operation: ELGi Unveils Ground-breaking 'STABILISOR' Technology
In a significant leap forward for industrial air compression, ELGi Equipments (BSE: 522074 NSE: ELGIEQUIP), one of the world's leading air-compressor manufacturers with over 64 years of compressed air excellence, today announced the introduction of its pioneering compressed air stabilization technology. Designed to revolutionize the way compressors operate in plants with dynamic air demand, the STABILISOR system aims to address the longstanding challenges of unstable compressor performance, inefficiency, and excessive wear caused by frequent load/unload cycles. In industrial settings, the gap between compressor capacity and plant air demand is inherently dynamic. This variability leads to frequent cut-in and cut-out operations, which destabilize the compressor and impair critical flow and kinematic components. Traditional solutions, such as increasing reservoir volume, altering cut-in/cut-out pressures, or adding variable frequency drives (VFDs), often fall short, introducing new inefficiencies or higher operational costs. 'The STABILISOR system employs a first of its kind 'Recirculate and Recover' principle, seamlessly aligning compressor capacity with plant air demand through controlled recirculation and recovery techniques. By stabilizing airflows within the system, the STABILISOR system minimizes load/unload cycles, ensuring extended equipment lifespan, optimizes energy use, achieving up to 15% energy savings in typical applications, while reducing system inefficiencies, maintaining superior performance across varying demand patterns. With its energy-efficient design and potential to reduce wear-and-tear, the STABILISOR aligns with global sustainability goals. Its implementation in industrial plants represents a shift towards greener, more cost-effective manufacturing processes,' said Dr. Jairam Varadaraj, Managing Director, ELGi Equipments Ltd. Dr. Venu Madhav, Director Technology, ELGi Equipments Ltd said 'The STABILISOR system utilizes precision-engineered progressive and on-off valves to recirculate excess capacity within the system. This system leverages stabilization zones and low-pressure recovery techniques to - balance airflow demands dynamically, minimize energy losses by targeting pressure points with minimal differences all while maximizing overall system reliability.' To meet diverse operational needs, the STABILISOR system, will be available in India and across the globe, in 2025, in two versions: Light Version: Designed for field fitment, energy savings and enhanced reliability. Heavy Version: Factory-fitted for superior energy savings and comprehensive stability. The STABILISOR's innovative design and control methodology has been patented worldwide, marking it as a pioneering advancement in compressed air technology. To learn more about ELGi's advanced compressed air solutions, visit [email protected] Joseph SOURCE: ELGi Equipments Ltd Copyright Business Wire 2025. PUB: 02/10/2025 11:46 AM/DISC: 02/10/2025 11:46 AM
Trade Arabia
10-02-2025
- Business
- Trade Arabia
ELGi unveils pioneering compressed air stabilisation tech
In a significant leap forward for industrial air compression, Elgi Equipments, one of the world's leading air-compressor manufacturers with over 64 years of compressed air excellence, today (February 10) launched its pioneering compressed air stabilisation technology. Designed to revolutionise the way compressors operate in plants with dynamic air demand, the Stabilisor system aims to address the longstanding challenges of unstable compressor performance, inefficiency, and excessive wear caused by frequent load/unload cycles, said the company in a statement. In industrial settings, the gap between compressor capacity and plant air demand is inherently dynamic. This variability leads to frequent cut-in and cut-out operations, which destabilize the compressor and impair critical flow and kinematic components. Traditional solutions, such as increasing reservoir volume, altering cut-in/cut-out pressures, or adding variable frequency drives (VFDs), often fall short, introducing new inefficiencies or higher operational costs. "The Stabilisor system employs a first of its kind 'Recirculate and Recover' principle, seamlessly aligning compressor capacity with plant air demand through controlled recirculation and recovery techniques," said Dr Jairam Varadaraj, Managing Director, Elgi Equipments. "By stabilizing airflows within the system, the Stabilisor system minimises load/unload cycles, ensuring extended equipment lifespan, optimises energy use, achieving up to 15% energy savings in typical applications, while reducing system inefficiencies, maintaining superior performance across varying demand patterns," he explained. "With its energy-efficient design and potential to reduce wear-and-tear, the Stabilisor aligns with global sustainability goals. Its implementation in industrial plants represents a shift towards greener, more cost-effective manufacturing processes," he added. To meet diverse operational needs, the Stabilisor system, will be available in India and across the globe, in 2025, in two versions: *Light Version: Designed for field fitment, energy savings and enhanced reliability. *Heavy Version: Factory-fitted for superior energy savings and comprehensive stability. The Stabilisor's innovative design and control methodology has been patented worldwide, marking it as a pioneering advancement in compressed air technology, said a top official. "The Stabilisor system utilises precision-engineered progressive and on-off valves to recirculate excess capacity within the system," remarked Dr Venu Madhav, the Director of Technology.
