Sheet metal pressed components have always been in demand in almost every industry, whether it be consumer electronics, household items, or various other applications in day-to-day requirements. The global sheet metal fabrication market size was valued at $17.2 billion in 2020 and is projected to grow at a CAGR of 2.7 percent from 2021 to 2028, according to a report by Research And Markets.
Contributing to this, there is a tremendous amount of export potential due to the push exerted by the ‘Make in India’ initiative. Taking note of the tremendous growth opportunities within this sector, many new companies have sprung up around the sector with promising services to offer. Being established in 1982, Sri Hari Industries is one of the leading and reliable companies in this sector. Having achieved expertise in delivering pressed and machined components, the firm is known to provide components that are superior in terms of both quality and performance in comparison to other components that are available in the market.
Today, the customers in this industry face numerous challenges including those about finances, packaging, logistics, certifications, cutting-edge technology, and customized products.
“We at Sri Hari Industries have been continuously upgrading our technology in order to meet these challenges, and we have a wide variety of machine tools and types of equipment to meet these challenges. Initially, SHI intends to supply the local plants, and then SHI will investigate the possibility of exporting its products. We also offer customized products that are tailored to the specifications of the customer. Additionally, the company is dedicated to delivering products on time while maintaining the highest possible quality and packaging standards”, says Sujeesh Kumar, Proprietor.
Sri Hari Industries is known for its services in this sector. The firm provides a wide range of sheet metal press components both domestically and internationally, right from engine parts, chassis parts, fuel injection parts, brake parts to gearbox parts, steering parts, water pump parts and electrical transmission parts. “We manufacture Sheet Metal Press Parts from a variety of metals, including stainless steel, aluminium, brass, and copper. In addition, we are one of the leading manufacturers of metal-pressed components”, adds Vishnu Sujeesh.
A large number of customers from all over India are being served by Sri Hari Industries, which has helped the firm achieve a prominent position among the most reputable manufacturers of pressed & machined components
The firm is backed by a team of experts who are both skilled and experienced in their respective fields. A large number of customers from all over India are being served by Sri Hari Industries, which has helped the firm achieve a prominent position among the most reputable manufacturers of pressed and machined components. Due to the presence of a skilled workforce and the support of cutting-edge manufacturing technologies, the company, which is based in Chennai (Ambattur), Tamil Nadu (India), has been able to establish a distinct reputation in the sector.
Path Ahead
Since its inception, the company has consistently achieved growth of 15- 20 percent year on year, except for years that were affected by the Covid outbreak. Parts that are manufactured by Sri Hari Industries are being distributed to markets in the United States of America, North America, and Europe, as well as all over India. A greenfield plant is being established by Sri Hari Industries in Chengalpattu, Tamil Nadu, on a site that is five acres in size. In the years to come, the company's goal is to increase its revenue by a factor of two within the next four years.
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