'Filtrec continues to meet evolving needs of its customers'

Sanjay Agarwal, Managing Director, Filtrec Bharat Manufacturing, shares strategies for market leadership and innovation

- Sanjay Agarwal, Managing Director, Filtrec Bharat Manufacturing

At Filtrec Bharat, we consistently align ourselves with timeless core values: Customer Centricity, Cost Leadership, and Technology Leadership. These values remain steadfast regardless of market conditions, external forces, or the passage of time. We have achieved cost leadership through in-house manufacturing of child-part components, ensuring efficiency and affordability. Additionally, we have demonstrated technology leadership with the launch of our Absolute Beta Series Media, which delivers superior filtration efficiency, an extended lifecycle, and lower operational costs.

The Indian construction equipment market has been growing at an annual rate of 25% to 30%, and we anticipate it will surpass 150,000 units in FY 2024-25, potentially doubling to 300,000 units per year by 2030. With the projected growth in construction, power, steel, cement, and mining industries, coupled with increasing awareness of equipment maintenance and AMC contract practices, the Indian hydraulic filters industry is expected to grow from its current size of 900 crores per year to 1,800 crores per year by 2030. Filtrec Bharat is fully prepared to capture a significant share of this 1,800 crore market by 2030.