Sumangal Group, the Gujarat-based export-oriented business house, founded in 1978, is expecting a growth of 10 per cent in total turnover in the next financial year. Specializing in closed die steel forgings, steel investment casting, grey iron and ductile iron foundry, etc., the company, with its in-house machining facility, is presently exporting 70 per cent of its production to Europe, the US, Canada and China.
Mr. Pramit Patel, Director – Marketing, said: “Currently, we are manufacturing all our products in Gujarat and our major market is Europe. We are planning to open new sales offices in Europe and the US. Also, some of our customers are asking us to open warehouses nearby so that we can carry out just-in-time deliveries.”
As a B2B company, Sumangal Group manufactures strictly according to the customer designs and requirements.
Since inception, the company has evolved from basic manufacturing methods to adopting advanced processes. Mr. Patel shared: “Over time, we have changed our machines and our technology. Now we have everything machine molded. As a result, our productivity has increased, and we have become cost competitive too. Our products, which are mainly forgings and casting items, are precise too. We use the latest press technology for forging.”
Almost 70 per cent of the company products are exported. He added: “Our investment casting which is made of wax accounts for 90 per cent exports. Then, our grey cast iron is about 50 per cent export oriented, while forging is 30 per cent. With investment casting, Sumangal Castings is able to achieve precise processing with less machinery requirement, ensuring improved finish.”
Sumangal, a Tier-2 supplier for truck, car and other vehicle manufacturers, is known worldwide for its superior products. Now it is targeting a bigger market share by further enhancing product quality.