Interview with CNBC: Rajesh Ahuja on ₹ 100 crore Funding

Interview with CNBC: Rajesh Ahuja on ₹100 Crore Funding

In a landmark development, Economy Process Solutions, a Leading Vacuum & Process Solutions Provider in India, has successfully raised ₹100 crore in Series A funding. The funding round, backed by prominent venture capital firms and strategic investors, marks a significant milestone in the company’s growth trajectory. CNBC sat down with Rajesh Ahuja, CEO of Economy Process Solutions, to discuss how this capital infusion will shape the company's future.

Strategic Allocation of Funds

Speaking on the allocation of funds, Rajesh Ahuja emphasized a multi-pronged approach that will drive the company's growth across key operational areas.

“We have carefully structured our investment strategy to ensure sustainable growth and enhanced service capabilities. A substantial portion of the funding will be directed towards strengthening our research and development (R&D) wing, enabling us to develop next-generation vacuum and process solutions,” said Ahuja.

The company plans to invest heavily in automation and digital transformation to streamline its manufacturing processes. Additionally, a part of the funds will be utilized to bolster its workforce by attracting top-tier engineering talent, ensuring continued innovation in vacuum and filtration technology.

Global Expansion Plans

Ahuja highlighted the company’s ambitious global expansion strategy, with a strong focus on tapping into emerging markets across Asia, Europe, and North America.

“We are witnessing a surge in demand for our solutions worldwide, and this funding allows us to establish a stronger international presence. We are setting up regional offices in strategic locations to enhance customer support and service accessibility,” he stated.

Economy Process Solutions has already identified key markets where industrial demand for vacuum and filtration solutions is growing. The company is looking to establish collaborations with international distributors and technology partners to accelerate its market penetration.

Diversification into the FnB Sector

One of the most exciting aspects of the company’s future roadmap is its planned entry into the food and beverage (FnB) sector. Ahuja revealed that Economy Process Solutions is developing specialized filtration and vacuum solutions tailored to the stringent requirements of food safety and quality.

“The FnB sector is undergoing rapid transformation, with increased regulatory requirements and demand for sustainable processing technologies. Our expertise in industrial filtration positions us well to offer state-of-the-art solutions to food processing companies,” Ahuja noted.

By leveraging its existing technological prowess, the company aims to introduce cutting-edge vacuum drying and filtration systems that enhance product shelf-life and improve processing efficiency in the food industry.

Manufacturing Capabilities and Future Prospects

Economy Process Solutions has long been known for its commitment to high-quality manufacturing, and this funding round will further bolster its production capabilities. Ahuja outlined plans to expand the company’s manufacturing facilities, incorporating advanced automation and quality control mechanisms to meet growing demand.

“Our manufacturing plants will undergo significant upgrades, integrating smart manufacturing techniques that align with Industry 4.0 standards. This will not only increase our production capacity but also ensure that we continue to deliver superior-quality products to our customers,” he explained.

Additionally, the company is set to introduce sustainable manufacturing practices, with a focus on reducing energy consumption and minimizing waste. With sustainability becoming a key consideration for industrial manufacturers, Economy Process Solutions is taking proactive steps to align its operations with global environmental standards.

Conclusion

The successful completion of this ₹100 crore Series A funding round is a testament to the confidence investors have in Economy Process Solutions’ vision and capabilities. With a well-defined strategy encompassing global expansion, technological innovation, and diversification into the FnB sector, the company is poised for a remarkable growth phase.

As Rajesh Ahuja aptly summarized, “This funding marks the beginning of an exciting chapter for us. We are committed to driving industrial transformation through innovative vacuum and process solutions, ensuring efficiency, sustainability, and superior performance across multiple sectors.”

With strong financial backing and a clear roadmap, Economy Process Solutions is well on its way to becoming a global leader in vacuum and filtration technology.