Summary
Grundfos India is expanding its network with the aim of doubling revenue to Rs 1,000 crore in the next four years, betting big on an innovative ‘Made in India’ solar pump for rural areas and intelligent pumping solutions for civic bodies, water-intensive industries and building segments.“We closed 2017 with a turnover of Rs 500 crore. We see Rs 1,000 crore turnover as per Indian GAAP in four years,” Grundfos India head Ranganath N K said recently. He said the 200 points of sale and service facilities are being set up to widen reach in the market.Apart from the locally-developed solar pump, Grundfos is using energy efficient, IT-enabled offerings from its Danish parent’s portfolio as dif......