The construction business is expected to be a very interesting industry for this decade and next. Construction activity is on the rise, and this trend is expected to continue over the projected period. Because of increased investments in the construction industry, demand for diamond saw blades is expanding significantly, fueling the expansion of the diamond tools market. Furthermore, automotive, healthcare & pharmaceutical, and aerospace & defense end-users will expand the market further. The emphasis on improved cutting efficiency and decreasing waste in the form of chips is projected to boost demand for diamond tools. Furthermore, the expansion of the healthcare and pharmaceutical industries is fueling growth in the worldwide diamond tools market.
The global market for diamond tools is expected to reach $4.37 billion by 2026, growing at a CAGR of more than 6.7 percent from 2021 to 2026. The Indian economy is about to undergo the fastest expansion in its history during the next two to three decades. This hyper-growth cycle will pervade virtually every industry, but especially the manufacturing sector, because, as we all know, abrasives and tools are critical components of industrial activity. Korgavker is currently investing in product development and capacity growth because they are quite confident about the potential for this business over the next two to three decades.
The Korgavker group began operations in 1978. With over 40 years of experience in manufacturing diamond saw blades, gang saw segments, core bits, wire saws & beads for various stone, construction, and infrastructure industries, and are the industry pioneers in India for diamond tools. The company is run by a group of specialists that have one goal in mind: to provide class-leading solutions, at the most competitive pricing. With an emphasis on research and development, Korgavker uses the most relevant technologies and raw materials from across the world to produce consistent products, utilizing cutting-edge production equipment and processes to provide optimum solutions for a wide range of applications.
The Group's headquarters are in Mumbai, and it has various sales offices spread across India to assist with sales and services. Their Sales offices are located in Mumbai, Bangalore, Udaipur, Goa, Karimnagar, Ongole, Rajnagar, and Salem. The company's objective is to grow by ensuring a satisfied consumer base. Korgavker Group intends to produce innovative tools that will make the end-user experience as easy as possible, while also striving to maintain product consistency and performance as perfect as possible. The organization thrives on research and development to reach this objective.
Over the last few years, Korgavker Group has noticed a transition in customer behavior from being an exceedingly price-sensitive market to a more developed market where the price-to-performance parity is given greater weight. Customers favor products that offer good value over those that are just the cheapest. This is a very positive progression that encourages creativity and forces businesses to spend money on developing efficient products. Korgavker is a technology-driven corporation that has invested heavily in technology acquisition and process optimization operations. They are also investing in the capacity build-up to provide high-quality, top-tier items to their clientele. The organization takes pride in having a highly innovative and driven team, who are geared to fight the onslaught of
cheap, low-cost, low-quality imports due to its more than 40 years of experience in research-based product innovation supported by top manufacturing practices.
Bespoke Products at their Best
Korgavker manufactures diamond sawblades for a variety of industries, including the stone industry, construction industry, infrastructure industry, and abrasive products for the metalworking industry. The way they work for the stone and construction industries is, by offering an extensive array of diverse formulations for very specific performance results on one end, to a very versatile and universal performance for a mixed application on the other end. As a result, they can assist the customer in both ways. One example is that if a customer wants a solution for a very specific application, Korgavker can custom-create products based on their applications and provide a product that functions exceptionally well in that unique application. On the other hand, some consumers may want a product that is particularly versatile and works with a variety of workpiece materials.
Korgavker customizes products for a wide range of applications. Because of their considerable knowledge and being an indigenous manufacturer, the company can provide this service to their customers. Being able to provide custom-made products to their clients, is the most significant USP to their customers, in which they offer greater performance and lower costs. Saw-Blades ranging from 4” diameter, all the way to 36” diameter are being offered in diverse applications, along with other products such as gangsaw segments and wire saws. Thereby ensuring a wide range of solutions in sawing and grinding applications that cover practically all uses in stone, construction, infrastructure, and manufacturing activities.
The first step that Korgavker takes in its manufacturing activities is to assess the quality of its raw materials. They have created in-house protocols to test their quality and as a result, a comprehensive quality control regime is in place covering all the raw materials. The company also sources its manufacturing equipment from some of the best companies in India and around the globe, which allows them to have specific narrow tolerance range in terms of manufacturing activities. The finished product is then subjected to QC processes to test the quality and whether they fall within the nominal tolerance deviations. For instance, in the small saw blades category, the company has a complete system for assessing the performance of the blade batch-to-batch in terms of its performance. Thus, every outgoing batch falls within a particular set narrow tolerance range. Each product is also randomly tested in-house to ensure optimal performance.
“As we are a 40-year-old company, we have an extensive database of in-house developed formulations, whereas most other companies in our industry are not as entrenched in formulation and R&D. We place a greater emphasis on R&D activities, bringing in more formulations to meet the needs of various applications. We differentiate ourselves by giving custom-made products to our consumers instead of following the notion of one-size fits all approach. We strive to provide that kind of value for money proposition that they usually expect from us which has allowed us to establish a solid repeat clientele base", emphasizes Shreyance Shah, Managing Director.
Journey of Excellence
Korgavker was the first company in India to manufacture diamond sawblades way back in the 1970s. And, being a technocrat-driven corporation, over the last four decades, they have developed a plethora of products across multiple industries and has come a long way in terms of providing diverse cost-effective solutions to a variety of businesses. The company manufactures products specifically for the Indian industries as well as has import substitute products for those moving towards having less reliance on imported tools so that they can avail of made-in-India products. The company caters to both the domestic as well as international markets and has many renowned companies on its customer list.
We differentiate ourselves by giving custom-made products to our consumers instead of following the notion of one-size fits all approach
Korgavker holds a strong foothold in the stone, concrete, and infrastructure industry and is further diversifying into the metalworking and woodworking industries. In the realm of woodworking, the company is in the advanced stage of setting up a plant for manufacturing TCT saw-blades for hard-wood, laminates, and plywood. It is also entering the metalworking industry, by launching abrasive cut-off wheels, flap discs, and others. for grinding and metal cutting applications. Both these investments are aimed at reducing India's reliance on imported products by having them manufactured in India and building an Aatmanirbhar Bharat ecosystem.
“We are now an Eco Vadis Sustainability Silver Rating accredited company with ISO certifications for Environmental & Sustainable manufacturing processes. This is primarily intended to reassure our customers that we are a very eco-friendly company and look at the entire ecosystem as one large family. We also engage in a great deal of CSR activities in Gujarat and Maharashtra, donating 10 percent of our profits to numerous NGOs for tribal health care, education, and overall upliftment to empower them to be self-reliant", concludes Shreyance Shah.
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