Scroll News
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
Scroll News
No Result
View All Result
Home Business

Microtek is geared up for 50 per cent growth in FY 2022-23

Scroll News by Scroll News
May 14, 2022
in Business
0
Microtek is geared up for 50% growth in FY 2022-23
Share on FacebookShare on Twitter

New Delhi: Microtek recently registered a growth of 26% growth in the fiscal year 2021-2022. The company recorded a turnover of Rs. 1700cr in FY 2021-22. Now the company has set the growth target of more than 50% for FY 2022-23. 

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

You May Also Like This

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

May 6, 2025
Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living

Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living

May 5, 2025
MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food

MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food

May 1, 2025

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.

Talking about the inflation situation in the country, Saurabh Gupta, Deputy CMD, Microtek International, shared, “The rise in inflation is hurting businesses as it has impacted the discretionary buying capacity of the consumers. If I talk about our industry, the raw material prices, which include both commodities and semiconductors, these have gone up by almost 20 to 25 per cent and are still witnessing a rising trend. The inverter which we were selling at Rs 4,400 is now being sold at Rs 5,200 and we have not passed all the increase to consumers,” he added.

Gupta said it is a Catch 22 situation for most businesses in terms of price rise.

“Microtek has invested heavily in R&D. We are constantly innovating, getting new suppliers and new products which are readily available in the market to work with our products. That is one of the way we are avoiding a production loss and are able to supply adequate material to the market or channel,” he said.

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.

Talking about the current power crisis in the country, Gupta said that demand for inverters has shot up to three times due to power shortages in different states.

“Very interesting trend is emerging for the power backup industry. This is the first year during the peak summer times when COVID restrictions are not there, industrial activity is at an all-time high, power consumption at home is at an all-time high because of the extreme weather conditions. This has resulted in the increase in the demand of inverters,” he said.

Microtek has also ventured into the electrical products segment in 2019. It presently manufactures high-quality wires and cables, circuit protection devices like MCBs, isolators, RCCBs, distribution boards, off-load changeover switches, and rewireable fuse switch units. It also offers various types of voltage stabilizers besides accessories like search operators and multiplugs.

As the globe is moving more and more toward renewable energy, Microtek sees immense potential in the solar energy solutions market. Today the company has the distinction of being one of the fastest-growing solar energy products brands in India.

Microtek offers a complete range of On-Grid & Off-Grid Rooftop Solar Solutions. A measurement of the rapid strides that the company is making in the green energy market, Microtek is implementing more than 40,000 Rooftop sites per year by engaging with its channel partners.

Tags: green energy marketMicrotekMicrotek InternationalOn-Grid & Off-Grid Rooftop Solar SolutionsRooftop sitesSaurabh Gupta
ShareTweetShareShareSendSend
Previous Post

Nidarshana Gowani’s Ankibai Ghamandiram Gowani Trust felicitates Nurses on International Nurses Day

Next Post

Blessings in Disguise: Filmmaker Zenofar Fathima gears up for spiritual Short film Ayah in association with Firdaus Studio by A.R. Rahman

Related Posts

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India
Business

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

May 6, 2025
Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living
Business

Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living

May 5, 2025
MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food
Business

MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food

May 1, 2025
Ice Cream Works Launches Exciting New Line of Popsicles and Ice Cream Bars — All at Just ₹99
Business

Ice Cream Works Launches Exciting New Line of Popsicles and Ice Cream Bars — All at Just ₹99

May 1, 2025
LOGOUT: Empowering Experience Creators with AI-Powered Chat-Commerce
Business

LOGOUT: Empowering Experience Creators with AI-Powered Chat-Commerce

April 29, 2025
Delhi Gets a New Standard in Car Care with The Detailing Gang’s Grand Launch
Business

Delhi Gets a New Standard in Car Care with The Detailing Gang’s Grand Launch

April 29, 2025
Next Post
Blessings in Disguise: Filmmaker Zenofar Fathima gears up for spiritual Short film Ayah in association with Firdaus Studio by A.R. Rahman

Blessings in Disguise: Filmmaker Zenofar Fathima gears up for spiritual Short film Ayah in association with Firdaus Studio by A.R. Rahman

Bollywood Queen Zareen Khan Joins Faizan Ansari Birthday Celebration

Bollywood Queen Zareen Khan Joins Faizan Ansari Birthday Celebration

Aryav showcase air water generator products at Plumbex India exhibition

Aryav showcase air water generator products at Plumbex India exhibition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Baakliny Mansour aka Enzo- The entrepreneur who is making it huge in the professional Hair treatment Industry!

Baakliny Mansour aka Enzo- The entrepreneur who is making it huge in the professional Hair treatment Industry!

3 years ago
Producer Shobhna Bhupat Bodar & Director Rajan R Verma trend on Twitter for Dhaman the Saviour Movie-World Media Network

Producer Shobhna Bhupat Bodar & Director Rajan R Verma trend on Twitter for Dhaman the Saviour Movie-World Media Network

3 years ago

“Anil Singh Panoo and his dedicated creativity creating sensational laughs & motivation around”

4 years ago

Skill Ministry and Tata launch first batch of Indian Institute of Skills

4 years ago

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World

Topics

Ace Entrepreneur actor Artificial intelligence Bengaluru Blockchain technology BRICS CCI Content Creator COVID-19 Cryptocurrency CSIR DBT Delhi Digital Marketing DST Dubai Education entrepreneur entrepreneurship Fairplay Gujarat Gurugram Hyderabad IIT Delhi India Indian Institute of Technology Influencer Influencerquipo innovation Kingston Technology K Raheja Corp Homes memory products and technology solutions Mumbai Music Industry pandemic photography producer Pune real estate research Shan Se Entertainment Shantanu Bhamare social media Surat technology TTK Prestige
No Result
View All Result

Highlights

1win announces global partnership with boxing champion Canelo Álvarez

MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food

Ice Cream Works Launches Exciting New Line of Popsicles and Ice Cream Bars — All at Just ₹99

LOGOUT: Empowering Experience Creators with AI-Powered Chat-Commerce

Veranda Expands to Khar: A New Chapter in Modern Indian Dining

Delhi Gets a New Standard in Car Care with The Detailing Gang’s Grand Launch

Trending

Inspired by True Events, Bela: Gujarati Urban Film Reveals the Hidden Faces of Injustice
Entertainment

Inspired by True Events, Bela: Gujarati Urban Film Reveals the Hidden Faces of Injustice

by Scroll News
May 10, 2025
0

Surat, (Gujarat), : Bela: Gujarati Urban Film is all set to redefine the narrative of Gujarati cinema...

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

May 6, 2025
Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living

Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living

May 5, 2025
1win announces global partnership with boxing champion Canelo Álvarez

1win announces global partnership with boxing champion Canelo Álvarez

May 3, 2025
MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food

MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food

May 1, 2025
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 Scroll News

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Scroll News