The global water storage systems market was valued at $15.6 billion back in 2019 and is projected to grow at a CAGR of 5.6 percent till 2024 and reach a net valuation of $20.5 billion. The market is primarily being driven by the basic awareness about the scarcity of fresh drinking water and ever-increasing process water for the industry and commercial agriculture. On the other hand, rapid urbanization and an increase in population are also major factors in the increase in demand for water storage systems and solutions. Various government initiatives have also been put in place for the storage and consumption of fresh and clean water which is also one of the factors for the growth of water storage systems in the country. Moreover, the rapid increase in the number of commercial buildings and offices is also adding to the demand for water storage systems and solutions.
If we look at the evolution of water storage systems, RCC structures are now being replaced by various structures of different builds that are proving to be much more effective. Steel and plastic were being used to create water management structures for industrial applications but now, clients want to have a higher economic value out of the investment which is why they also want it to be mobile. The structural integrity of a fixed structure to a considerable extent depends on the geological conditions of the soil it has been built upon.
Geological decay will cause damage not only to the water management system but also to bring loss to the overall business of the client. This calls for such a solution that will have full protection against any decay in soil and can also be relocated within a matter of time if deemed necessary. There are many players in this industry but only a few of them can understand these changing needs of clients and cater to the demand accordingly.
Mumbai-based Shubham Tanks and Liners Pvt Ltd is one of these companies that has been in the water storage and management solutions industry for the last 12 years and has understood the needs of clients along with the changing expectations of the industry. Sunil Uplap, Managing Director, Shubham Tanks, and Liners states, “We are one of the that are following the changing trends of the industry and catering to the specific needs of the clients. Sometimes, the clients want relocatable solutions as they are unsure about the condition and use of the land after 10 years.
We can relocate a One Million Litre Capacity Tank in a matter of only 8-10 days. All the Tanks produced by us are structurally pre-engineered to Global standards and prefabricated steel structures that are assembled at the site using the latest portable tools and without the need of any kind of welding at site. Moreover, our Tanks being manufactured from Highly Corrosion Resistant Zincalume steel are 30-40 percent cost-effective than the conventional RCC Tanks which are prone to leakages and seepage and repeated maintenance, and which is one of the many important differentiating factors about our Tank Storage solutions”.
Operational Excellence
Shubham Tanks and Liners takes pride in the quality it delivers to clients. As the MD illustrates the journey of the company, he says that this company was initially formed as a Joint Venture collaboration partnership with an Australian company named Rhino Tanks Pty Ltd that used to rule the Australian water storage and management solutions market for more than two decades. The company and its technology were
very well defined and established when the Joint Venture was signed. Within only one year of that, the future scope of this technology was determined, and Shubham Tanks set up its first manufacturing facility for components under the guidance of Rhino Tanks in Thane near Mumbai.
With its state-of-the-art technology, Shubham Tanks and Liners stands out because the solutions provided by them have their niche and uniqueness that comes from the specially developed and time-tested Japanese Liner technology which has penetrated the market in a revolutionary way. This Five-layered Liner has a layer of Metallocene as the contact layer and is co-extruded along with a strong Polypropylene scrim along with three additional layers of Polyethylene which makes it the strongest and the best liner in the world. Metallocene is a latest-generation polymer developed by Dupont and has a molecular density higher than that of Kevlar which is used in Bullet Proof Vests and Armoured Vehicles.
As a result of the use of this wonder polymer Metallocene, the liner has a very high resistance to normal wear and tear, abrasion, puncture and is scratch resistant. The Japanese have subjected this liner to more than 50000 strokes of abrasion without causing even slight damage on the Metallocene surface. The liner also withstands a Water column load of 45 meters without any problems, Sunil mentions, “When we collaborated with Rhino Tanks, they were already an established global business with exports to 27 countries across the world and more than 30,000 installations. Within one year into the Joint Venture, we started fabricating the non-critical parts of the Tanks indigenously.
Seeing the rising demand, the entire tank's components were subsequently manufactured in India by Shubham Tanks and Liners by setting up the same manufacturing setup that existed in the Rhino Tanks factory in Perth. Shubham Tanks employs world-class CNC-controlled machines for precision manufacture and fabrication of tank components and Liners indigenously. Their team has been trained for six months in Rhino Tanks factory in Perth and the total process and systems for quality control and safety that are implemented in Australia are adopted in India.
Shubham tanks and liners is a complete process-driven organization. Their entire operations and manufacturing are well documented so that any trace of malfunction during supply can be detected and acted upon on a priority basis
Shubham Tanks and Liners is a complete process-driven organization. Their entire operations and manufacturing are well documented so that any trace of malfunction during supply can be detected and acted upon on a priority basis. The company records everything right from the ideation to manufacturing and then the installation stage and keeps track of every successful installation it has executed to date. The company has a significant valuation in the market and is also equipped with a responsive R&D department that is dedicated to innovating newer water storage and management solutions. With the acquisition of Rhino Tanks and Liners Pty Ltd by the 4.8 billion Euro worth Kingspan Group of Ireland in 2017, Shubham Tanks now has access to even more advanced technology that has been brought in by the Global manufacturing expertise of the Kingspan Group, which is a world leader in Infrastructure products.
Future Projections
Shubham Acqualink has come a long way since its inception. It has grown a deep understanding of the market and has catered to native as well as offshore demand. The company has executed water management projects in almost every state of the country in huge quantities and is also catering to various overseas markets in South East Asia, SAARC Countries, Middle East, and MENA regions with specific requirements and customized products for these regions. All the progress has been made possible because of the company’s dedicated efforts to leverage the latest technology and material. Most of the clients of the company are repeat customers and have complete faith in the Storage Solutions and services delivered by the company.
Their fabrication facilities in the country are now completely automated and need zero human interference. With time, the company has also diverted to other segments in water management solutions and constantly strivingto achieve even more. The company has also executed various government projects all across the country and has also earned the respect of various thought leaders and influencers. This has helped the company create significant goodwill in the market and secure a prosperous future.
Speaking of the road ahead for Shubham Tanks and Liners, the MD concludes, “We want to keep building solutions for our clients and with time, cater to more service segments in this domain. This solution being universal for water storage and management should be used for a wider range of applications given the advantages and merits of the technology. As such, we want to meet this demand and deliver our solutions to industrial and commercial establishments across all domains. We foresee a huge scope for these Corrugated Profile Zincalume Steel Tanks with Liners and with the deployment of advanced technologies by the company, we are confident of catering to the ever-increasing demand for these Tanks and aspire to become a Rs. 1000 crore company in the next five years and also add value to the environment and the society as a whole by addressing a basic social need to making water accessible and available when needed by the community and industry”.
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