Mr. S.L. Advani our Founder and Chairman was a designer of steam boilers in an Indian company between 1963 and 1972. He took up the challenge of manufacturing India's first Steam Boiler and successfully designed and manufactured a steam boiler from scratch. Later, while expanding tubes in boilers, he realized that Tube Expanders were not easily available in India. He perceived this to be an opportunity.
Powermaster products are used in over 120 countries worldwide. They are sold through a network of over 90 distributors worldwide, Powermaster direct sales offices and exclusive sales agents.
With its broad product offering with each product line being distinctly housed and managed by a team of professional managers, Powermaster is positioned well to take advantage of the numerous opportunities that lie ahead in its journey.
Powermaster will continue to improve its business model and continue to strive to maintain high ROCE ( Return on Capital Employed ). Powermaster will use surplus cash flows to invest in growing the Powermaster brand worldwide and add distribution points to the growing Powermaster family.
The Powermaster acquisition policy will help identify and possibly add companies operating with similar products line under the Powermaster umbrella. Coupled with organic growth, Powermaster having consolidated its product lines is now poised for industry leading growth rates over the next 3 to 5 years.
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