Thursday, May 23, 2024

Microtek International meets ambitious 26% growth in FY 2021-22 with new verticals

Microtek – One of India’s most trusted brands continued to surge ahead with its impressive success, clocking 26% growth in the fiscal year 2021-2022. The company recorded a turnover of Rs. 1700cr in FY 2021-22.

Banking on the overwhelming success of the past few years coupled with the expansion of its product lines, Microtek has set a growth target of more than 50% for FY 2022- 23. 

“I am very proud to say that in spite of the challenges induced by the pandemic, we have expanded our business and taken care of all of our employees who continue to remain the backbone of our entity. We are the number one UPS and inverter brand in the country. While we will continue to build on these categories to further enhance our position in the market, our focus would be on our newer categories including solar, electrical, and healthcare to serve consumer needs in these categories as well” said Mr. Subodh Gupta, CMD, Microtek International Private Limited. 

Whilst, the last two years have seen almost every industry in the world suffer setbacks, due to severe disruptions in manufacturing and supply-chain activities due to the several measures such as lockdowns and other limitations imposed by governments all over the world. However, Microtek has forayed into new segments like healthcare and solar power and expanded its footprint in India as well as an exporter to 20+ countries The company entered the burgeoning healthcare market of India with the manufacturing of products including blood pressure monitors, nebulizers, thermometers, etc. In order to meet the growing demand for oxygen concentrators, it has also begun manufacturing ‘Made in India’ oxygen concentrators last year. Microtek has supplied 7500 Oxygen Concentrators to the Oil and Natural Gas Corporation (ONGC) under PM CARES, further boosting the Government of India’s ambitious initiatives including ‘Make in India’ and ‘Aatmanirbhar Bharat’

“We wanted to cater to the market’s growing demands and serve the Covid-ridden patients since second wave. Our objective was to reduce the price of concentrators and make them easily accessible through indigenous manufacturing by an Indian company for its country. The response from the market has been overwhelming,” added Mr. Saurabh Gupta, Dy.CMD, Microtek International Pvt. Ltd.

With its objective to offer world-class products, Microtek has invested heavily in its manufacturing and R&D facilities. The company has state-of-the-art Integrated Manufacturing facilities in Himachal Pradesh and Vishakhapatnam that house various advanced machines like the Automatic Laser Diameter Controller, Online High Voltage Testing Facilities, Fully Automatic Magnetic Test Machines, and other world’s best automatic machines.

“We truly believe in the old adage of ‘Vasudhaiva Kutumbakam’ i.e the world is one family. We shall be focusing on the export market going ahead as we truly believe that
our competitively priced products should be vastly available in global markets too. shared Mr. Subodh Gupta, CMD, Microtek International Pvt. Ltd.

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