Elgi Equipments cautiously optimistic about achieving FY26 targets
Elgi Equipments Ltd. has revised its revenue target upwards for FY26 under its strategic business plan as the leading air compressor manufacturer sees a positive growth outlook based on the current market conditions amid challenges associated with commodity inflation and the Ukraine war.
READ MOREHow ELGi works out a scientific compensation model for blue-collared workers
The compensation framework reduces conflicts between the trade unions and the management
ELGi Equipment, a global manufacturer of air compressors has adopted a scientific way of calculating the compensation for its more than 370 blue-collared employees in India. The Company’s compensation framework takes into account the needs and aspirations of blue-collared employees.
READ MORERole of Oil-free Air Compressors in Food Safety
With the growing demand for modernization and mechanization in today’s competitive world, the food industry is under severe pressure to increase productivity with the least human touch points. Since the pandemic unleashed its devastating severity on human lives, the food industry also suffered as companies had to remain closed on account of human casualties and on the restriction of human movements, which emphasized the need for automated plants more than ever before.
READ MOREElgi Equipments reports 300% rise in quarterly profits
CHENNAI: Elgi Equipments, the manufacturer of air compressors, reported a profit of Rs 48.7 crore for the April-June quarter compared to Rs 12 crore in the same period last fiscal year owing to strong growth in sales.
READ MORECase Study: How a compensation model ensured zero attrition in this company
The Elgi Blue-Collar Compensation Model is a framework to calculate wages scientifically by taking into account workers' needs and aspirations. Elgi's HR team partners with the factory worker representatives to decide on a 'cost of living basket' of goods.
READ MOREOil Lubricated Screw Air Compressors are ideal for the textile industry
ELGi is a global leader in providing sustainable compressed air solutions. ELGi designs and manufactures an extensive range of innovative and technologically advanced compressed air solutions for a variety of industry applications.
READ MOREELGi is heading to be world’s favorite Compressor maker
ELGi, a pioneer in cutting-edge compressed air technology across over 120+ countries, offers a complete range of compressed air solutions from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-lubricated oilfree reciprocating compressors and centrifugal compressors to dryers, filters, and downstream accessories.
READ MOREElgi Equipments revenue up 31%
The company will make corrections in prices to recover fully the high raw material and freight costs, it said
READ MOREELGi’s Commitment to Sustainability on World Earth Day 2022
Close to the ‘World Earth Day’ ELGi ruminates on the significance of this annual day celebration, and reiterates its commitment to sustainable development. “We are looking beyond the traditional linear economy and the current take-make-waste extractive industrial model to weave in circularity across our processes, aiming to redefine growth and focus on positive, society-wide benefits,” says ELGi’s managing director Jairam Varadaraj.
READ MORENew Digital Tool Management System for High Productivity
Subash Ramdoss, DGM-Special Projects, Machining, and Engineering, talks about ELGi’s Tools Management System (TMS), a digital platform developed in-house and deployed to manage manufacturing facilities. This platform makes it easy to track, maintain and manage the lifecycle of all the tools, facilities, and equipment used in the production assembly line.
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