The market for rail components is projected to grow at a CAGR of more than three percent during the forecast period, reaching $95 billion by 2026. The market is anticipated to resume its growth following the pandemic due to the government launching many new initiatives to maintain social distancing and post pandemic, people are more concerned with their safety, security, and access to clean air. The railway ministry and the decisions that are being made as the government formulates its Make in Indian policy, Railway Components Manufacturers market is witnessing demands.
Topgrip is a family-owned business that has played a pivotal role in the development of various imported products for Indian Railways over the past 45 years, and has also entered the automotive, oil and gas industries. The secret to Topgrips' success over the years has been its passion towards driving the needed innovation in the rail components market. Initially, the company started with its operations by repairing gauges, and now has carved a niche for itself as one of the most competent gauges manufacturers in India. It is now one of the oldest approved vendor for Indian railways when it comes to diesel and electric gauges and also precession brake valves.
The company is committed to increasing customer satisfaction by understanding their needs and meeting or exceeding their expectations.
As with the changing market dynamics, the firm took on the challenge of converting analog gauges to digital, it is now successfully catering to the needs of varied industries for the same. The company has been maintaining utmost quality standards and has been following strict SOPs to ensure clients are offered with the best-in-class products. Today, not just limited to the Railway industry, Topgrip has been successfully catering to players across oil and gas, automotive, among others. Topgrip believes that quality is a journey and not a destination. Its factories are well-stocked with machinery and equipment that is operated by knowledgeable workers.
In terms of infrastructure, the company's main factory is in Calcutta, as is its head office. Moreover, it has factories in Bangalore & Hyderabad. Its Hyderabad factory not only manufactures fixtures for automobiles but also exports them to all tier-one companies in the United States. Its factory is outfitted with all of the most up-to-date machinery and four axes of motion. Additionally, it has recently opened a design setup that is equipped to handle all kinds of important designs. The company earlier used to only provide manufacturing solutions, but now is involved in designing them and giving solutions to the end customers. The most modern, environmentally friendl custom manufacturing solutions are provided by its team. It only purchases materials from tried-and-true vendors who satisfy its strict quality control requirements.
We bring new technologies and lean methodologies to the railway industry & provide innovative and cost-effective pressure measurement solutions
Since the beginning of its journey more than 40 years ago, Topgrip has continued to produce the same high-quality products it did then. It also continues to make improvements to those products, and it is adaptable enough to change with the market as it does today. For the Indian Railways, Topgrip helped save millions of rupees by serving as an import substitute for more than 16 different items. “Going forward, we plan to double the manufacturing area and integrate the latest machineries and technologies to serve our customers better and effortlessly", says Zakir Hussain, CEO at Topgrip. The CEO further stated that during their visit to InnoTrans, Berlin, they were presented with numerous excellent opportunities for joint ventures and other potential future opportunities for businesses in India.