Danfoss India eyes ₹5,000 cr. revenue by 2025
The Hindu
Company to focus on power solutions, climate solutions and drives
The Indian subsidiary of the Denmark-based climate and energy solution major Danfoss is planning to more than double its revenue to ₹5,000 crore by 2025 through its top three business segments, said a top official.
“We will be focusing on power solutions, climate solutions and drives that offer huge growth potential,” said Ravichandran Purushothaman, president, Danfoss India region.
Danfoss India has ambitious plans in climate agenda and has Environmental, Social and Governance (ESG) strategy in place. Besides, it is working on decarbonisation, circulatory and diversity and inclusion, he said.
On decarbonisation, he said that Danfoss aimed to be the preferred partners for its customers world wide through its energy-friendly solutions. Danfoss is also working on a strategy with suppliers and customers to embed circulatory in new and existing product
According to him, Danfoss headquarters at Nordborg will be achieving carbon neutral this year, India next year and all other locations by 2030.
“Currently, about 9% of products in global supply chain are circular. If we can increase it to 18%, it will reduce carbon footprint,” said Danfoss Global president & CEO, Kim Fausing.
Mr. Fausing who was on a four-day visit to India, said that Danfoss India played an important role. It had good growth potential.
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