The precision machined parts ex¬port market is growing by revenue. The rising overseas demand for supply of precision machined parts is due to many factors such as cost of manufacturing in that country, non-availability of machine operating manpower and in certain countries prohibition of certain processes. Further post COVID-19, policies changed to non-dependency on just one country. Hence, lately, several developed countries have started sourcing parts or assemblies from India.
Started in 2005 by two qualified technocrats, Prashtech Engineers is a 1st generation business focused on independently developing and supplying se¬rial orders of precision machined parts. They have consciously invested in developing intangible assets such as quality and business delivery process. Prashtech Engineers has entire infrastructure under one roof that includes Turning Centers, Machining Centers, CNC Cylindrical Grinders of world's reputed makes along with necessary IT infrastructure. Machines are monitored for process consistency. Prashtech have all necessary me¬trology equipments including CMM. They have ERP with manufacturing modules.
Talking about the promising future of exporting precision machined parts from India, Shekhar Mhapsekar mentions, “During the last two decades India has established itself globally in the field. As developed nations are seeking for better cost-competitive options, India enjoys distinctive advantages such as fluency in English language, engineering competence, skilled manpower, ethical culture to protect IP, improved governance by Central & State Govt.
and support to industry. We at Prashtech Engineers have built the culture of Integrity, Reliability and Flexibility into our team in every aspect of business process. This has helped us becoming a preferred supplier for our customers over our competition. Smart sourcing managers of Customer who can assess potential Suppliers based on sustainability and not only on cost shall get long-term benefits".
Taking a Client Centric Approach,
With effective & transparent communication, strictly honouring commitments, on-time delivery, approach towards stable processes, continual technological upgradation, Prashtech Engineers have slowly built a client base of more than 15+ global customers. With ISO 9001 certification since 2011, Prashtech Engineers is offering the best of quality for their clients. Besides properties & soundness, raw materials are tested for radioactive contamination. There is an inspection stage after each critical pro¬cess step and traceability is maintained using unique identification numbers on each part supplied.
Talking about in-house infrastructure and technical capabilities, Prabodh Veerkar says, “We at Prashtech can independently develop and supply complex machined parts and assemblies without any hand-holding from customers. Employees are well trained to independent¬ly handle their responsibilities. During 1st article development of any newly added item, NPD team prepares exhaustive documents such as quality plan, material TC, process flow, process drawings, in-process inspection plans, sub-contracting process check, final inspection, etc. Additionally, we are capable of providing value engineering inputs. We are prepared for funding business expansion against increasing business forecasts from customers. We believe in a system driven approach for business processes, giving sustainable outcomes for both us and our clients".
Charting the Path Ahead
The organization has seen consistent growth Y-O-Y, be it in top line, employee standard or in technology upgradation. Prashtech supplies to multinational companies having operations in India and Europe. They directly export fully finished parts to companies like Alfa Laval, Gildemeister GmbH, Deckel Maho, Windmöller & Hölscher having plants in Sweden, Denmark, Germany, Poland & China.
At Prashtech Engineers, We Believe In A System Driven Approach For Business Processes, Giving Sustainable Outcomes For Both Us And Our Clients
Talking about future plans, Shekhar Mhapsekar shares, "Progressive & agile Suppliers who can align with Customer demands will get higher market share. We at Prashtech Engineers look for¬ward to customer opportunities and are willing to invest in growing with Cus¬tomers".
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