TEMA India Private Limited: Comprehensive Company Profile

Background

Company Overview

Established in 1984, TEMA India Private Limited has emerged as a leading manufacturer of process equipment, specializing in the design and fabrication of Shell and Tube Heat Exchangers. The company is renowned for its expertise in creating equipment capable of operating under extreme conditions, including high pressure, high temperature, severe corrosiveness, and hazardous environments. With a significant global footprint, approximately 80% of TEMA India's revenue is derived from exports, underscoring its international presence and reputation.

Mission and Vision

TEMA India is committed to empowering clients globally by providing unparalleled solutions that transcend traditional boundaries. The company's mission focuses on delivering innovative, reliable, and exceptional services, enabling clients to navigate the complexities of the modern business landscape. Its vision is to set new benchmarks for excellence by integrating integrity, sustainability, and technological prowess into every aspect of its operations.

Key Strategic Focus

Core Objectives and Specializations

TEMA India's strategic focus centers on engineering and producing equipment tailored for the most challenging service applications. The company specializes in solutions that meet the stringent demands of high-pressure and high-temperature environments, as well as those characterized by extreme corrosiveness and inherent hazards. This commitment to precision engineering and innovative design has positioned TEMA India as a preferred choice for industries requiring reliable and durable process equipment.

Key Technologies and Markets

The company's product portfolio includes:

• Shell & Tube Heat Exchangers

• Screw Plug Heat Exchangers

• Feed Water Heaters

• Surface Condensers

• Evaporators

• Pressure Vessels

• Columns

• Tubular Reactors

TEMA India serves a diverse range of industries, including Oil & Gas, Petrochemicals, Fertilizers, Power, Hydrogen, Polysilicon, and Floating Production Storage and Offloading (FPSO) units. The company's proficiency in designing and producing process equipment for specialized floating applications further distinguishes it as an industry leader.

Financials and Funding

Financial Performance

For the financial year ending March 31, 2024, TEMA India reported a total revenue of ₹226.8 crore, marking a 22.73% increase from the previous year. The company's profit also saw a substantial improvement, with a 124.41% increase. The net worth experienced a moderate rise of 3.98%.

Funding and Investments

In 2005, Actis UK invested US$12 million to enhance TEMA India's capacity. In 2013, Tata Capital invested in the company, further strengthening its financial position.

Technological Platform and Innovation

Proprietary Technologies

TEMA India has developed several proprietary technologies that set it apart in the industry:

• Shrink Ring Technology: This patented technology addresses issues such as bell-mouthing and thread galling in Screw Plug Heat Exchangers, enhancing safety, reliability, and ease of maintenance.

• RedLok Connector: An innovative solution that provides a significant advantage in handling high-pressure operations, ensuring smooth performance even in the most challenging situations.

Scientific Methodologies

The company employs advanced engineering methodologies, including Finite Element Analysis (FEA) using Ansys, to ensure the structural integrity and performance of its equipment. Thermal and mechanical designs are conducted using HTRI and PV Elite software, adhering to international standards and directives.

Leadership Team

Key Executives

• Mr. Haresh Sippy: Founder and Managing Director, Mr. Sippy is a pioneer in design technology and fabrication methodology in process equipment manufacturing. He holds the Indian patent for Shrink Ring technology and has presented technical papers at ASME conferences.

• Mr. Akhil Sippy: Chief Executive Officer, Mr. Akhil Sippy has been instrumental in restructuring and expanding the company. He has spearheaded the establishment of state-of-the-art manufacturing facilities and has played a key role in business development and client retention.

• Mr. Chetan Doshi: Whole-Time Director, contributing to the company's strategic initiatives and operational excellence.

Competitor Profile

Market Insights and Dynamics

The process equipment manufacturing industry is characterized by a competitive landscape with several key players offering specialized solutions. The market is driven by the demand for efficient and reliable equipment capable of operating under extreme conditions, particularly in sectors such as Oil & Gas, Power, and Specialty Chemicals.

Competitor Analysis

TEMA India's primary competitors include:

• Thermax Limited: A diversified engineering company offering a range of products and services in energy and environment sectors.

• Alfa Laval: A global leader in heat transfer, separation, and fluid handling technologies.

• BHEL (Bharat Heavy Electricals Limited): An Indian public sector engineering and manufacturing company specializing in power plant equipment.

• Siemens: A multinational conglomerate with a strong presence in industrial automation and energy sectors.

These competitors offer similar products and services.