Leading manufacturer and exporter of tube mills and finishing line equipment, GMT Industries, looks at doubling its turnover to INR 251 crore in 2025, by enhancing its manufacturing capacity. This was revealed by Mr. Neeraj Dubey, Director at GMT Industries Limited, during his interaction with Tube & Pipe India magazine.
Theme of Participation and Product Showcase
We are a leading manufacturer of high quality ERW steel tube mills in the industry and will be showcasing our tube mills, slitting lines and accessories, such as tube end facer, tube hydro tester, tube threading machine, straightening machine at Tube 2024.
Recent Developments
At present, we are showcasing 12-inch ERW steel tube mills. In the next edition, we’ll go for bigger mills. Our design is ready and we have also orders for 16 inch & 24 inch mills. We have installed a 12-inch API pipe mill at Ravindra Pipes in Hisar, Haryana. We have also got an order for a 16 inch and 24 inch mill from APL Apollo. We have just completed the designing part for a 200 x 200 section mill (DFT), for which the production will start in 2025-26.
Future Plans
We are very energetic and have a young man force with big plans for the future. We are looking at enhancing our capacity and doubling our turnover. Currently, we have this 1.5 acre land in IMT, Faridabad and one more 1.5 acre plant we have taken in IMT itself just next door. We are expanding our machine and working area as well. We are in the process of acquiring another four acres of land, underscoring our aggressive expansion strategy. Our third unit is coming soon.
This year, our turnover will be around INR 120 crore and for the next financial year, we plan to take this to INR 251 crore. Hopefully by next year, we’ll be one of the largest companies across the world. We have also done some joint ventures, but details cannot be disclosed at present. The JVs will be an added advantage.
USPs
Our USPs are hard work, good quality, dedication, and transparency with our customers. We are very much focused on branding, quality and after sales service. These are some of the reasons for our quick success. Our customers don’t have to wait for after sales service. In most of the cases, we are keeping inventory for the spares. There’s no burden on the customers.
Also Read: MAN Industries Expects INR 1,300 Crore Business in 2024, Aims At Becoming Carbon Neutral By 2030
Market Footprint & Clientele
Currently, the market is looking good for both domestic and international buyers. At present, we are exporting 40 percent of our capacities. We are exporting to Qatar, Saudi Arabia, UAE, a lot of countries in Africa, and the Philippines. We are overbooked in the domestic market.
The global market is wide open to Indian suppliers as the world is looking to us. We need to focus on deliveries and upgrade our technology, in order to cater the international market. We have to compete with the Chinese suppliers. With the efforts of the government, as well as from the industry, we are emerging as a strong competitor to China. We have some upper hand in terms of quality, but we are lagging in deliveries. We need to focus on that and hope by year end, we will be ready with our expansion plan.
Vision & Mission
We want to take customer satisfaction to a greater degree, enhance our image, and achieve exponential growth in leadership through world class products and service. We want to provide our customers with precision engineered equipment through technological leadership and manufacturing excellence. We strive to offer our customers the most advanced equipment to give them a competitive edge in their business.
Visit Stand: Hall 6 / G06 at Tube Dusseldorf
