The global market for industrial pumps has been steadily growing over the past few years, driven by the increasing demand for pumping solutions across various industrial sectors such as oil and gas, water and wastewater treatment, power generation, chemicals, and others. According to a market research report by Mordor Intelligence, the global industrial pumps market was valued at $57.2 billion in 2020 and is projected to reach $87.2 billion by 2026, growing at a CAGR of 6.8 percent during the forecast period (2021-2026).
In recent years, there has been a growing trend towards the adoption of energy-efficient pumping solutions in India, driven by the government's focus on promoting sustainable development and reducing energy consumption. This has led to an increased demand for high-efficiency pumps that can help industries reduce their energy consumption and operating costs. Overall, the global and Indian markets for industrial pumps are expected to continue to grow in the coming years, driven by the increasing demand from various industrial sectors and the growing focus on energy efficiency and sustainability.
Sachin Bhatt is a business leader with over 30 years of experience in the industrial pump industry. He is currently a Partner at Chemtrol Industries, a leading manufacturer of FRP moulded chemical process pumps based in Vadodara, India. Sachin's leadership philosophy focuses on developing a good team and investing in R&D. He believes that success is a reflection of hard work, focus, patience, and dedication, and advises young entrepreneurs to keep learning and upgrading skills by attending various exhibitions, seminars, customer interactions, taking up skill enhancement courses. His vision is inclusiveness, where the growth of the company should percolate down to each team member.
Contributing towards Overall Growth
Sachin's contributions to Chemtrol have been significant, and his leadership has helped the company establish itself as a reliable and trustworthy brand in the market. His expertise lies in developing complex pumping solutions for various applications, right from selecting the appropriate pump, its material of construction and type. He has been instrumental in making Chemtrol a leading manufacturer of Chemical pumps for complex corrosive applications and many times these pumps have been a major import substitute.
"Starting my career with a CA firm as an undergraduate provided me with valuable knowledge about different government departments, required licenses, and statutory audits with banks. My prior experience in sales and marketing of industrial products, combined with my extensive experience in the pump industry, has equipped me with the necessary skills to excel in business", shares Sachin Bhatt, Partner, Chemtrol Industries.
Managing through Transition
Given the wide range of responsibilities involved in managing day-to-day operations, production, sales, finance, HR, and R&D, Sachin faces several challenges in his role as a business leader. However, he successfully overcomes these challenges by introducing new technologies, expanding the range of pumps, and offering different MOCs to serve a wider range of applications. Sachin's leadership style is centered on fostering a strong team and investing in R&D. He encourages his team to think outside the box and embraces failure as a necessary part of the learning process. Sachin believes that a successful business requires an adaptable mindset that quickly responds to technical and procedural changes. His goal is inclusivity, where the growth of the company benefits each team member.
Sachin's contributions to Chemtrol have been significant, & his leadership has helped the company establish itself as a reliable & trustworthy brand in the market
One of Sachin's biggest career challenges was transitioning into his role as Chemtrol's leader. The company was already 40 years old and had a highly experienced team. Sachin was able to create a team that combined the experience of the older members with the energy of the younger ones. He successfully overcame this challenge, as evidenced by the current progress and dedication of the team. Sachin advises young entrepreneurs that success is achieved through hard work, focus, patience, and dedication. He believes it is important to attend exhibitions, seminars, and customer visits to learn about upgrading products and meeting customer needs.
Sachin Bhatt, Partner
Sachin Bhatt is a Partner at Chemtrol Industries, a leading manufacturer of FRP moulded chemical process pumps in India. With over 30 years of experience in the industrial pump industry, he has played a pivotal role in establishing Chemtrol Industries as a go-to pump manufacturer for complex corrosive applications. Sachin's educational qualifications include graduation from The Maharaja Sayajirao University of Baroda and a post-graduate diploma in Sales and Marketing.
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