The market for metal cutting tools is expected to grow at a CAGR of 4.8 percent between 2023 and 2028, from an estimated USD 26170 million in 2022 to USD 34670 million in 2028. India's market share, 10 percent of the whole, puts it on par with the USA, China, and Germany.
The use of CNC machines, the use of new materials, and the Make in India initiative, which allows international businesses to invest in new technology and boosts domestic demand, are all factors that are contributing to this expansion. Established in 2004, Prism Tools & Technologies is a manufacturer of standard and innovative metal cutting tool solutions for Milling, Turning, Hole making, and Threading. A pioneer in this segment, the firm was set up with the belief to provide high-quality tools and products to the machining industry of India.
There are different challenges confronted particularly in MSMEs in India, this includes finding the correct cutting tool solution, bottlenecks in the machining processes, and the use of low-grade carbide, which eventually leads to lower surface polish and inaccuracies in the workpiece. “We at Prism Tools suggest the right tooling solutions based on component drawings, material, and customer capability. We also suggest optimal cutting parameters based on machines, and working environment to increase the tool life and productivity.We being technocrats, many times suggest carbide tools with different microstructure,
cobalt percentage, and more for better results and output and also provide tool holding system solutions for overall better results”, says Arun Chichiriya, Founder & CEO.
Prism Tools and Technologies is known for its wide range of services and products. This includes low-volume customized tooling solutions and flagship products such as Non-Standard Tools, Special Carbide Reamers, Threadmill Cutters, Profile Tools, Cavity cutters for hydraulic components, and Port cutters. “We also manufacture standard tools like End mills, Drills, and Ball Nose Cutters but our flagship products have been our differentiating factor. We manufacture and deliver the products keeping all the aspects of customers in our mind”, speaks Arun.
Led by Experts
Prism Tools and Technologies is the brainchild of Arun Chichiriya, who holds a collective experience of more than 30 years and has successfully provided complete tooling solutions for over 2000 critical components to date.
The team consists of Senior Sales Engineers, Production Engineers, and CAD Engineers. A lot of its team engineers are associated with Prism Tools for the last 15 years and all have grown professionally and personally. Every team member possesses some unique qualities which complement together and helps in delivering top-notch solutions to its customers.
Prism tools & technologies began with one 5-axis cnc tool grinding m/c & today it has five ultra modern machines with the latest software & modern inspection set-up, to provide the bestservices to its customers
The firm began with one 5-Axis CNC tool grinding m/c & today it has five ultra modern machines with the latest software & modern inspection set-up, to provide the best services to its customers. Prism Tools and Technologies has successfully catered to over 300 companies in India with small machining setups to companies with over 100 machines. The firm is associated with reputed and large enterprise companies like Tata Motors, WIPRO India, KSB Pumps, Forbes Marshall, and others.
Future Roadmap
Prism Tools and Technologies also offers flexible workpiece holding systems for batch manufacturing, prototyping, and new product development in addition to tooling solutions. The goal of Prism Tools and Technologies is to offer comprehensive solutions to the world's three fastest-growing industries: electronics, robotics, and the medical sector. In the coming years, the firm intends to relocate to a new area in Pune's MIDC
