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Jairam Varadaraj, Managing Director of Elgi Equipments.
| Photo Credit: Special Arrangement
Air compressor manufacturer Elgi Equipments, which is the sixth largest air compressor supplier globally, aims to be in the top three by 2035-2036.
Unveiling its new technology “Stabilisor”, Managing Director of Elgi Jairam Varadaraj told the media on Saturday (February 8, 2025) that the company plans to invest ₹600 crores-₹650 crores in the next five years to shift all its manufacturing facilities in Coimbatore to an integrated campus. Its aspiration was to touch $450 million in FY 26.
Apart from the “Stabilisor” technology, it has four more ideas in the pipeline. Currently about 180 people are working in its research and development programmes.
The company will use its existing capacity to manufacture “Stabilisor” for its air compressors and will roll it out progressively in the next six to seven months for all its global markets.
The new system will be for all industrial plants, which constitute 85%-90% of the compressors sold. These will cost 30% less than the VFD machines, he said. “Almost 70% of the market is unable or not ready to invest in the VFD machines. They will get compressed air stabilisation technology at very minimal cost with the new system,” he said.
The in-house developed technology is based on “recirculate and recover” principle and Elgi has applied for patent, Mr. Varadaraj added.
Published – February 08, 2025 05:53 pm IST
