You have taken charge in 2012. How’s been the journey since then? Are you satisfied with the progress so far?
Yes, I am satisfied with the overall progress of the company since 2012. There has been significant growth in the turnover and profitability of the Company and now we are the second largest industrial steam turbine manufacturer in 5 MW to 30 MW segment, globally. In terms of manufacturing capabilities, we commissioned our second state-of-the-art manufacturing facility in the outskirts of Bengaluru which adheres to Industry 4.0. In 2012, we had limited exposure in international market, but over these years, with focused market strategy, our exports grew by 21 percent CAGR and now we are present in over 70 countries and continue to grow.
Since Triveni is a technology driven company, design and product development is key. We have been working relentlessly to improve the efficiencies of our products while making them more cost competitive through a dedicated Research & Development program. The world-class Research and Development unit of the Company is recognised and registered as an in-house R&D unit by the Department of Scientific and Industrial Research (DSIR), Government of India. In line with industry trends, the Company has been diversifying into different types of turbines and other renewable energy products that focus on high efficiency cycles, including injection applications, supercritical CO2 turbines etc. We have in place a robust IP strategy for the creation and protection of our long-term IP assets, to secure and preserve its technological advantage over competitors. We have also filed 269 IPRs globally till March 2020.
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