Tekeq India Private Limited: Company Profile

Background

Overview

Established in 2017, Tekeq India Private Limited is a Bengaluru-based manufacturer specializing in mechanical engineering, particularly in the design, manufacturing, and production of commercial kitchen equipment and food processing machinery. The company is committed to delivering innovative and high-quality products to meet the evolving needs of the foodservice industry.

Mission and Vision

• Mission: To create a well-satisfied customer base with quality products in a commercial environment through prompt services.

• Vision: To strive and establish ourselves as the forerunners in manufacturing quality commercial kitchen equipment and reliable service providers to our customers.

Industry Significance

Tekeq India plays a pivotal role in the foodservice equipment manufacturing sector, offering a diverse range of products that cater to the growing demand for efficient and durable kitchen solutions. The company's focus on innovation and quality positions it as a significant player in the industry.

Key Strategic Focus

Core Objectives

• To provide high-quality commercial kitchen equipment tailored to the specific needs of clients.

• To ensure timely delivery and exceptional customer service.

Areas of Specialization

• Design and manufacturing of stainless steel and mild steel commercial kitchen equipment.

• Fabrication of food processing machinery, including cold press juicers.

Key Technologies Utilized

• Advanced design software for product development.

• State-of-the-art manufacturing equipment for precision fabrication.

Primary Markets Targeted

• Commercial kitchens and foodservice establishments.

• Food processing industries requiring specialized machinery.

Financials and Funding

Funding History

• Authorized Capital: ₹5,000,000

• Paid-Up Capital: ₹2,650,000

Recent Financial Performance

• The company reported a 38.62% increase in total revenue for the financial year ending March 31, 2023.

• However, there was a 75.51% decrease in profit during the same period.

• Net worth increased by 186.31% in the same financial year.

Utilization of Capital

The capital raised is primarily utilized for expanding manufacturing capabilities, investing in advanced technology, and enhancing product development to meet market demands.

Pipeline Development

Key Products

• Hydraulic Cold Press Juicer Machines: Designed for efficient juice extraction, these machines cater to the growing demand for healthy beverages.

• Commercial Kitchen Equipment: A comprehensive range of products including kitchen chimneys and puddle flanges, tailored for various commercial kitchen needs.

Development Stages

• Products are in the final stages of development, with ongoing testing to ensure quality and performance standards.

Target Conditions

• The products are designed to meet the specific requirements of commercial kitchens and food processing units, focusing on durability, efficiency, and ease of use.

Anticipated Milestones

• Full-scale production and market launch are expected in the upcoming quarter, following successful testing and quality assurance processes.

Technological Platform and Innovation

Proprietary Technologies

• Utilization of advanced design software for product development.

• Implementation of state-of-the-art manufacturing equipment for precision fabrication.

Significant Scientific Methods

• Adoption of virtual software for error-free product manufacturing.

• Dedicated quality inspection processes to ensure product excellence.

Leadership Team

Key Executives

• Roshan Kantha Raju: Director since September 29, 2017.

• Praveen Kumar Venkatesh: Director since September 29, 2017.

• Alagilawada Mathad Gangadhara: Director since October 9, 2021.

Professional Backgrounds

• The directors bring extensive experience in mechanical engineering, design, and manufacturing, contributing to the company's strategic direction and operational excellence.

Key Contributions

• Overseeing product development and ensuring alignment with market needs.

• Driving innovation and maintaining high-quality standards in manufacturing processes.

Competitor Profile

Market Insights and Dynamics

• The commercial kitchen equipment and food processing machinery market is experiencing steady growth, driven by the expansion of the foodservice industry and increasing demand for efficient kitchen solutions.

Competitor Analysis

• Key competitors include established manufacturers of commercial kitchen equipment and food processing machinery.

• Competitors focus on product innovation, quality, and customer service to maintain market share.

Strategic Collaborations and Partnerships

• Collaborations with suppliers of raw materials and technology partners to enhance product quality and manufacturing efficiency.

Operational Insights

• Tekeq India's emphasis on quality control, timely delivery, and customer satisfaction differentiates it from competitors.

Strategic Opportunities and Future Directions

Strategic Roadmap

• Expansion of product lines to include a broader range of commercial kitchen equipment.

• Enhancement of research and development capabilities to drive innovation.

Future Business Directions

• Exploring export opportunities to international markets.

• Establishing strategic partnerships to expand market reach and capabilities.

Opportunities for Expansion

• Entering new geographical markets with high demand for commercial kitchen equipment.

• Developing customized solutions for niche segments within the foodservice industry.

Positioning for Future Objectives

• Leveraging current strengths in product quality and customer service to achieve future growth and market leadership.

Contact Information

• Website: www.tekeqindia.in

• Social Media: Facebook page of Tekeq India Private Limited

• Headquarters: Bengaluru, Karnataka, India