04 February 2013

Grundfos Pumps plans to invest Rs. 230 crores in India

Bangalore – 04 February 2013 - Grundfos Pumps, the world's largest pump manufacturer, plans to invest Rs. 230 crores in the next five years. With the turnover of Rs.318 crores in 2012, Grundfos is looking at Rs. 1000 crores turnover in the next 5 years. 

According to Mr. CarstenBjerg, Group President, Grundfos, "The turnover of Grundfos is 3.5 Billion Euros (252 Billion Crores INR) globally. With the turnover of Rs. 318 Crores in 2012; we are planning for 2 full fledged production units in Chennai with 1000 job creations in the next 5 years in India." 

Mr. Bjerg further added that the establishment of the R&D section will cater to the Indian specific market, which will come into being in the next 2 years supplying their demands. On the costing front, Grundfos prioritizes on the best quality which fetches long term savings rather than minimizing the cost and compromising throughout. Grundfos is expanding its horizons. 

According to Mr. N.K Ranganath, MD, Grundfos India, "Grundfos currently has 55 distributors and over 140 dealers across the country and are in the process of expanding the distributors and dealership networks to boost the sales." 

Grundfos Pumps India Pvt. Ltd., a wholly owned subsidiary of Grundfos Holdings, was established on March 13, 1998.Grundfos India is responsible for sales of Grundfos products in India, Bangladesh, Bhutan and Maldives. Currently, Grundfos India has 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 - heating and hot water service systems, cooling and air-conditioning systems, industrial applications, pressure boosting and liquid transfer, ground water supply, domestic water supply, sewage and waste water, dosing and disinfection systems, chlorination systems, and pumps running on renewable energy. 

Source: Grundfos Pumps /PRNewswire