Premium Transmission Expanding Operational Ambit

Neeraj Bisaria, MD and CEO, Premium Transmission
Neeraj Bisaria, MD and CEO, Premium Transmission, elaborates on the company‘s manufacturing and R&D capabilities and discusses the growth potential in the market with Maria R.

Please share your views on demand for power transmission solutions in India and the industry’s growth drivers?

In India, the power transmission sector has witnessed unprecedented growth in the past few years, with line length and transformer capacity growing. It is imperative to say that both operational and financial performances of the transmission utilities have witnessed an improvement in the past few years.

Internal demand cycle of the country has always been the major growth driver in India. The demand for power transmission and distribution equipment correlates with investment in transmission and distribution network. However, the strong push on infrastructural development in all states, an outcome of which is an increase in purchasing power, has further resulted in lower and middle level growth-driven small and micro financing. The Indian market has shown strong fundamentals on economic KPIs and I believe the same will continue.

What are Premium’s manufacturing capa- bilities and quality control measures?

We have nearly five decades of manufacturing experience, we are India’s first indigenous industrial gearbox manufacturing company. With the advent of technology and internal demand cycle, the company is being transformed to provide the best quality high-tech and innovative products across all sectors. At present, we have four manufacturing units in India (one each in Pune and Kolkata and two in Aurangabad) and R&D centres in Kolkata and Pune. All our manufacturing units are certified with ISO 9001:2015. Digitalization and automation help us to provide better quality and meet compliance norms by reducing manual errors and variability, as well as by allowing faster and effective solutions. Our focus is to expand our network both in India and in global markets.

What products and solutions is the company providing?

Modular Fluid Coupling
We provide solutions to a wide spectrum of industries like Power, Cement, Steel, Mining & Earth Moving, Material Handling, Oil & Gas, Food & Beverage, and Sugar etc. We also make custom made application-specific gearboxes for conveyors, lift, agitators, crane duty, etc. We manufacture various types of gearboxes like Worm - ranging from 112mm to 1700mm, Helical - ranging from 80mm to 1150mm, Planetary - up to 2500mm, Fluid Couplings from 200mm to 1320, and Geared Motors from 25mm to 120mm, and so on.

Our helical and planetary gearboxes, geared motors and fluid couplings are designed for various applications in the construction industry like material handling, cranes, lifts etc. We manufacture gearboxes for allied industries like cement, steel, and for mining applications like material handling, cranes, conveyors, crushers etc.

What are your products’ technical features that enable ease of operation, durability, reliability, energy efficiency & productivity?

The technical features, in general, are power rating, temperature, vibration, noise, etc. Along with these, precision, serviceability, weight, availability of spares etc., are also important parameters for a gearbox, geared motor or a fluid coupling. Gears are the basis of most of the mechanisms that drive machinery, ultimately determining their efficiency and durability. Selection of the parameters of gears is based on their quality characteristics.

Premium is focused on building quality products through automated machinery, robust processes and systems in all our plants. The company has various testing equipment like Gear Testers and CMM to confirm product quality at various stages of manufacturing, and a well-equipped lab with Spectrometer and Image Analyser to check the metallurgy of the products and materials.

How do you ensure price competitiveness in the cost-conscious Indian market?

Our Engineering and R&D teams are constantly working towards improving the design of the gearboxes and to develop gearboxes of lower weight, which also improves their cost. Our wide supplier base provides a lower lead time for procurement of the raw materials and thus helps in managing the working capital. Our continuous improvement in the Gemba (shop floor) for effective utilisation of machinery, and installation of many CNCs reduces the processing costs.

Please elaborate on the R&D undertaken at Premium Transmission.

Geared Lift Machine
Our endeavour is to undertake constant research and implementation of the latest technologies with the help of our in-house R&D centres, which are recognized by the Ministry of Science and Technology. We also have a state-of-the-art testing facility up to 500 KW; it is well equipped with high-end measuring equipment like VIB scanner, Spectrometer, Gear tester etc.

Our extensive in-house engineering facility has high-end workstations with leading CAD/CAE packages including CREO, Autodesk Inventor, Kiss soft etc. There is a dedicated Engineering Team at every plant and at our corporate R&D centre in Kolkata to meet customer specific requirements. We offer, on an average, 50% of customized products on a yearly basis. Our development centre in Kolkata is promoting gearing research and developing innovative products and transmission solutions. We have all facilities for execution of innovative products and load testing for different applications in various industries. Our R&D centres have the latest software and technology for designing and analysis for new product development, designing and prototyping.

Which markets will your recently opened R&D and service centre in Kolkata cater to?

Our R&D centre in Kolkata focuses on developing engineering platforms for enhancing our current industry offerings. As the first in the Eastern region, it unwraps immense potential, with innovation-led developments, research, and design of new products for the mechanical power transmission market, which is poised to see a growth momentum. The centre will cater to core sectors like Steel, Power, Oil & Gas, Sugar, Cement, Construction, etc. by introducing energy-efficient products which will address energy-scarcity in our country. The aim is to design products for the industry where we have very limited products, or no products at all.

Our newly opened service centre will focus on repairs and overhauling and in providing the highest level of customer service. In fact, Premium Care Centers are a one-stop destination for Service & Repair of gearboxes of any Indian or international brands. We have service centers in Coimbatore, Jabalpur and Pune, and are planning to expand the service network to other cities like Bhubaneswar by FY 19-20. We are also considering opening centres in Bangladesh, Sri Lanka, and Kenya to serve the international market more efficiently.

After establishing a significant presence in Europe, what are your plans for widening your reach in other international markets?

We have a significant presence in Europe owing to our German operations along with a good sales volume in the SEA market through our dealer and distribution network. We are now planning to enhance our presence in the Middle East, Africa, and USA with technical and commercial alliances with prominent players in the respective geographies.

Going forward, how do you envisage the growth of Premium by 2025?

Currently, we plan to become a ₹700+ crore company in terms of sales revenue. Towards this end, we have plans for capacity addition in our manufacturing facilities, and for developing more and more innovative and high-tech products to meet the upcoming market requirements.

We believe that the core sectors in India will grow faster and we, therefore, see good prospects for mechanical power transmission companies. Premium Transmission is an innovation and technology driven company, so our focus is to provide innovative and customer specific products which will give value for money. Premium is also the only company that designs products indigenously. By 2025, we plan to make Premium a ₹1000 crore company with a global footprint.

NBM&CW September 2019

Sales Climbing at Everest Engineering

Very big precast housing projects have started in Taloja in Maharashtra by CIDCO and in Delhi by Delhi Development Authority (DDA). The contractor of these mass housing projects M/s. BG Shirke of Pune will apply these cranes in these projects Read More ...

Inventaa Precast

Inventaa Industries was set up in the year 1979 for the manufacture of bulk drugs and later venture into mushroom production. In both fields Inventaa continues to be the largest producer of high-quality products. Read More ...

Excon 2019 - Festival of Construction Industry

The 10th edition of Excon - CII’s flagship biennial event and the largest exhibition in South Asia in the construction and infra sector - will be held from 10-14 December 2019 at BIEC, Bengaluru. It will showcase world-class equipment Read More ...

Starworth Infrastructure and Construction Taking the Precast Way to Growth

Raj Pillai, Managing Director, Starworth Infrastructure and Construction, speaks on precast construction methods, challenges and advantages, and why selection of the right equipment, quality control, and following national building codes Read More ...

L&T: EPC Expert in Airport Construction

M. V. Satish, Whole Time Director & Senior Executive Vice President (Buildings, Minerals & Metals) of L&T Construction discusses the challenges and scope of infra development in both greenfield and brownfield airports and the company's Read More ...

Jindal Aluminium Limited: Preferred Supplier

Aluminium is becoming an integral part of infra construction projects like Metros, Smart Cities, etc. purely due to the material’s sustainable nature, avers Pragun Jindal Khaitan, MD, Jindal Aluminium Limited, and envisages demand Read More ...

CMRL: Unfazed by Challenges

With the inauguration of the final 10-km stretch between AG-DMS and Washermanpet, the entire 45-km first phase of the Chennai Metro rail network is now up and running. Thiru Pankaj Kumar Bansal, I.A.S, Managing Director, Chennai Metro Rail Limited Read More ...

Growth Ahead - Gurvinder Singh, Director, Amrik Singh & Sons Crane Service

We foresee a huge demand for cranes and other heavy vehicles in the Indian Infrastructure and logistic industry. In addition to the ongoing projects, multiple projects are expected to start within the next few months. These include major Read More ...

Globe Ecologistics Making Inroads

Major changes in the last decade include upgradation of technology of Vehicles & GPRS Technology with IT software, which have given better output/intime to logistical services. Even road infrastructure has improved a lot. At present Read More ...

Jungheinrich: Customizing Solutions for India

The Indian market is becoming more competitive and more players are coming in; it’s a challenge and also an opportunity for the industry to grow and upgrade, avers Manojit Acharya, MD, Jungheinrich India, during an interview with Maria R. Read More ...

ACE: Growing Capacity to become leading MHE Supplier

ACE offers a diverse range of material handling equipment to cater to the diverse needs of the warehousing industry. Under the MHE segment, we offer Diesel Forklift (1.5T-3.5T), Electric Forklift (1.5T-8.0T), LPG Forklift (35T), and an Read More ...

Putzmeister - Mechanization is Key

Ambitious development targets and increasing pressure to complete projects on time require an increased adoption of mechanization. As a result, although there are indications of an economic slowdown, we are seeing a steady demand Read More ...

Manitou India: Meeting Challenges Head-On

Manitou is bullish of driving its business of telehandlers, skid steer loaders and backhoe loaders in India as the demand potential of our solutions is quite promising. This is due to multiple factors, many of which are fundamental Read More ...

Escorts: Making Inroads into Global Markets

If you see global trends, we can say that our machines are at par with global features and technology integration. People are moving to safer equipment, autonomous operations, operator comfort, and are looking at highly efficient Read More ...

Terex: Indian at Heart

We are currently working on various new product development projects for the Indian and regional markets. There are multiple new models planned to be launched for our modular range and also some very exciting new additions for the Read More ...

Sachin Bhandari, CEO, VTP Realty

The Infrastructure sector is the backbone of the Indian economy as it is responsible for propelling the country’s overall development. The sector, therefore, requires dedicated focus from the government, which must formulate Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week