In Converstion with Mr. Vipul Ray, Managing Director, Elmex Electric Pvt. Ltd.
Let’s begin with a glimpse of your company’s presence and offerings in India?
Founded in 1963, ‘elmex’ is one of India’s leading manufacturers of Terminal Blocks, and a pioneer in the Electrical Wire Termination Technology. It has extended its domain knowledge in Wire Termination Technology to develop a product range suitable for Photovoltaic systems by indigenous design and development. Photovoltaic systems and equipments need interconnectivity solutions that meet the electrical, mechanical and environmental specifications conforming to International Standards. ‘elmex’ range of PV products complies with International Standards and is approved by TÜV Rheinland. Products include range of PV Junction Boxes, PV Connectors suitable for 1000V DC & 1500V DC (Straight, Branch, Panel), PV Inline fuse Connectors, Wire Harnesses, DC Fuse Holder and PV accessories which are used as balance of system components (BoS) in PV power generating strings.
What have been some of the recent developments at your organisation?
As an organisation we strive to meet and exceed the standard requirements. In the recent past the industry is moving towards the use of equipment and components suitable to 1500V DC. Hence, we have also launched a product line of connectors and fuse holders with these specifications.
Tell us a bit about the recent technology advancements in your sector?
Electrical sector is going through a massive change and it is moving rapidly towards Renewables and Digitisation. Solar plays a very important role in creating the right balance in terms of energy sources, but it is also bringing in new challenges in terms of Transmission and Distribution. Also, the quality and reliability of power is the need of the hour. And in this situation, we are seeing a lot of development in terms of smart grid and intelligent monitoring systems.
What are your growth plans for the Indian market? What are the milestones you wish to achieve by the end of this fiscal?
Our growth plans are in line with the ‘Make In India’ initiative. Being a local player and having vast experience of designing, developing and manufacturing electrical products we are targeting to double our revenues in next 3 years. One of our agenda is also to develop the right kind of skills in electrical connections and this will be one of our key focus areas for the year.
What have been the latest trends in demand for your products & services in India? Where do you see the next demand growth coming from?
Like I said earlier the trend is towards Renewables and smart management of energy. I also feel that the next growth will come from Electrical Vehicle and Energy Storage. Having said this there is a huge need and scope for infrastructure development in India and hence the core industries will continue to grow.
Anything else you would like to add for our readers.
‘elmex’ is a strong believer in ‘Make In India’ and we also believe that there is lot of scope for innovation and adaptation. The developed nations are today looking at us for solutions and guidance for appropriate solutions considering our field conditions. We also contribute to such initiatives in our field by being an active member of the IEC committees, working on formation and development of standards for insulation coordination and connection technologies and share our experience and expertise for the safe and efficient management of electrical energy.