When it comes to manufacturing across all the industry verticals, India is always on the top-half of the list. Also, India amounts to 1/6th of the total lubrication consumption in the world. This just goes off to show the growth potential of the lubrication system industry in India. Owing to this many foreign companies are also viewing India as a prime market place to thrive in the future. And this remains the same for the lubricant providers’ market segment as well.
Acknowledging all these, Minimac Systems, a pioneering business organization aspires to be the standard-bearer of the lubrication systems industry in India. The quality of their offerings and the transparency of their operations have also helped them to break new business frontiers and evolve into market leaders in this segment.
Minimac Systems acknowledges the fact that, clients always want a system that is highly reliable and easily maintainable. If the system needs multiple components to be imported from foreign countries for its maintenance or repairs in the future, the clients would be hesitant to go ahead with that system.
Most companies prefer products made in India and owing to this many foreign players are aiming to manufacture their components in India so that they can avoid importing the components from foreign countries. This offers home-grown Indian companies’ new alleyways of development opportunities such as foreign investments and joint ventures.
While talking about the USP of Minimac Systems, Anshuman Agrawal, Founder & MD, Minimac Systems adds “When we entered the market, we saw that many of the existing companies were mostly copying the designs of their European and American counterparts.
When we started manufacturing our systems, we made sure that it stands out from what was already available in the market. We went out into the field and understood the grievances of the operators and then redeveloped and redesigned our systems.
And by doing this, we were able to remove the shortcomings of the systems offered by our competitors. We have a very youthful workforce in our organization and all though we have multiple departments and functions; we follow a simple yet effective hierarchy where employees have the freedom to freely share their thoughts as well as business ideas to the top management. We as a company acknowledge the fact that the growth of our company is highly dependent on the skilled young professionals and this is why we invest heavily in youth.”
Minimac Systems has been operating in this space for the last 10 years and they are not just manufacturing lubrication systems but also manufacturing systems that are enabled with IoT and are industry 4.0 compliant. The company uses innovative procedures and top of the line components to ensure that their systems are reliable and can perform at a high level throughout its operational cycle.
The operators can also control and monitor each and every aspect of the system using cloud based IoT and predictive maintenance 4.0 platforms. And all these have helped Minimac Systems to not just create but also maintain an impressive clientele.
We as a company acknowledge the fact that the growth of our company is highly dependent on the skilled young professionals and this is why we invest heavily in youth
Adding more about their future plans, Anshuman says “We have been growing at a CAGR of 40% on a year-to-year basis and in the post-pandemic market, we were able to clock in growth numbers that far exceeds the prepandemic levels. We have identified multiple growth opportunities in the market and we are investing a lot in market penetration strategies.
At the same time, we are also investing towards collaborations with technology providers around the globe. R&D is another crucial aspect of our operations and we are investing heavily in this as well, so that we can be on level pegging with the best in the world”.
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