Shanthi Gears, a Coimbatore-based company, is planning to spend Rs. 100 crore or so in the next four years for technology upgrading, expansion and sales promotion activities, according to CEO Rajiv Moorthy.
In an interview, he said the company was aiming at high-speed, high-precision gearing in the future, and would customise its products to suit the needs of customers. “We are into industrial gearing, which has great prospects and we have four units at Coimbatore. We plan to set up customer service centres at four or five places in the country,” he said. He said the industrial gears manufactured by the company are used in steel, cement, power, and infra sectors. The company is also exporting in a small way to the US, Europe, Canada and also Africa. Moorthy said the company’s share amounted to 6-7 per cent of the organised market. “We are pinning hopes on the make-in-India campaign,” he added.