WILO Mather and Platt Pumps Eyes Global Expansion and Double-Digit Domestic Growth

WILO Mather and Platt Pumps aims to derive 25% of its revenue from exports within the next 2-3 years, focusing on new markets like the US. The company, part of the WILO Group, also expects double-digit growth in India, targeting a revenue of Rs 1,500 crore this fiscal.

WILO Mather and Platt Pumps is poised for significant growth, aiming to have a quarter of its revenue come from exports over the next two to three years, according to a senior company executive.

The company, a subsidiary of the Dortmund-based WILO Group, anticipates double-digit growth driven by rising demand in the domestic market.

WILO, a manufacturer of centrifugal pumps and pumping systems, operates through three manufacturing facilities in Pune, Kolhapur, Kesurdi, and a smaller setup in Kolkata. Chairman Hemant Watve disclosed that exports have risen from 15% to 18%, with a target to reach 25% in the near future.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)