Chennai: Bhalchandra Pasupathy, 46, director and president, Danfoss Industries Pvt Ltd, is in the midst of spearheading a major expansion.
A chartered and cost accountant with a management degree, Pasupathy is not only in the process of expanding capacity but also transforming the Indian operations into a major global support and sourcing base for the Danish parent Danfoss AS.
The Danish group produces mechanical and electronic products and controls for refrigeration, air-conditioning, heating, motion controls, industrial automation, water controls, high pressure water solutions and comfort panels.
Its Indian subsidiary, Danfoss Industries, focuses mainly on refrigeration, air conditioning components, motion control, heating devices and water valves. To date, it has invested $6 million with more investments are in the pipeline.
Pasupathy explains, "We are planning a new facility for manufacturing refrigeration and air-conditioning controls and water valves. The proposed investment, capacity and location are under consideration." The company is also looking at Pune as a production base.
After establishing its presence in the refrigeration and air-conditioning and motion control devices market, Danfoss Industries is looking at the water valves business in India. During the current fiscal, the water valves business is expected to fetch around Rs4 crore.