igus India, a subsidiary of the German motion plastics company igus GmbH, has witnessed remarkable growth in the Indian market over the past two years. With revenues more than doubling during this period, the company has announced plans to invest INR 100 crores (approximately 12 million euros) in setting up a new facility in Bengaluru, Karnataka. This strategic move aims to strengthen its operations and further accelerate growth in the country. Additionally, igus India has unveiled over 190 new innovations for the Indian market and introduced the global program “Enjoyneering” to promote a fun and innovative approach to engineering.
The new four-acre, 84,000 square feet integrated campus in Bengaluru will serve as igus India’s expanded manufacturing facility. Equipped with world-class infrastructure and cutting-edge technology for motion plastic production, this facility will enhance the company’s capacity to meet growing customer demands. igus India has already invested INR 15 crores in the initial phase of construction, and the facility is expected to become operational in the near future.
igus India’s revenue growth has been nothing short of remarkable, with its revenues surging from INR 118 crores in 2020-21 (during the pandemic) to INR 284 crores in 2022-23. This outstanding performance has positioned igus India as the sixth-largest subsidiary among 38 subsidiaries of igus worldwide. Buoyed by this success, the company has set ambitious targets to achieve combined sales revenue of 500 crores by 2025-26. With the planned investments and expanded manufacturing capabilities, igus India aims to maintain and further accelerate its growth trajectory in the coming years.
igus India remains committed to its culture of innovation and has launched 190 new products specifically tailored for the Indian market. Under the global program “Enjoyneering,” igus advocates for a fun and creative approach to engineering, empowering engineers to unleash their potential and drive productivity. By combining technological advancements with cost-sensitive and sustainable solutions, igus aims to meet the evolving needs of its customers.
In line with its commitment to sustainability, igus has introduced various initiatives to minimize its environmental impact. The company has initiated a recycling program called “Chainge,” wherein customers can send their discarded energy chains to igus for responsible recycling. Additionally, igus has developed the world’s first robust and durable bicycle, the “igus-bike,” made from recycled plastic. This eco-friendly bike utilizes plastic rim brakes for maximum safety and compatibility with common V-Break brake pads. Furthermore, igus is actively involved in tree planting projects, having planted over 9,000 trees in India and more than 30,300 trees globally.
igus India’s remarkable revenue growth over the past two years , its commitment to delivering cutting-edge products and solutions to its customers. By investing in a new facility and expanding its manufacturing capabilities, igus India is well-positioned to further strengthen its operations and achieve its ambitious growth targets. With a focus on innovation, sustainability, and environmental responsibility, igus continues to pioneer advancements in motion plastics, empowering engineers to drive productivity and success in their work.