Tekno Valves, India’s leading manufacturer of high-pressure gas cylinder valves
Announces Growth Plans Targeting 200 crore INR Annual Turnover
Kolkata, 07th December 2021: Tekno Valves, India’s leading manufacturer of high-pressure gas cylinder valves, has projected a turnover of Rs 200 Crore by 2024-25. Tekno Valves has invested Rs. 15 crores in plant and machinery in 2021. The current capacity to manufacture 1.2 million valves per year will be scaled to 1.5 million by the end of December 2022 through further investment in modern machines and advanced technology. To meet the projected targets and boost production, Tekno Valves has expansion plans of another factory building of approximately 25000 square feet adjacent to the current facility in Sodepur. The partners made the announcement in the Press Conference today as Tekno Valves prepares for the upcoming celebrations to commemorate its Golden jubilee. In attendance were Mr Y.K. Behani, Founder & Managing Partner, Tekno Valves; Mr N.K Behani, Partner and Chief Financial Officer, Tekno Valves; Mr Rohit Behani, Partner & CEO, Tekno Valves and Mrs Renu Behani, Partner & Head of Sales, Tekno Valves.
Tekno Valves has been declared an essential manufacturer in the supply chain of Medical Oxygen for COVID-19 patients. To safeguard the health & safety of the employees and to ensure business continuity to meet the overwhelming demand for Medical oxygen valves, Tekno Valves took many stringent COVID-19 measures apart from the basic steps like temperature checks and masks sanitization and social distancing. The management organized COVID-19 first dose vaccination camp at the factory to simplify the process for its employees.
Addressing the media at the Press Conference Mr Y.K. Behani, Founder & Managing Partner, Tekno Valves said, “50 years is a major milestone for an establishment. As the founder, it humbles me to see the company grow from a modest strength of 6 employees to 230 currently. Our participation in the development of technical standards in the International Organization for Standardization (ISO) / Compressed Gas Association (CGA) / Chlorine Institute (CI) / Bureau of Indian Standards (BIS) has allowed us to be ahead in the learning curve about upcoming design requirements and international regulations. In terms of growth, we expect our 2021-2022 turnover to touch 140 crores INR, a 40% increase from last year. Our master plan is to cross an annual turnover of Rs 200 crore in the next three years (2024-25). Tekno Valves has footprints in 65+ countries across six continents and is proud to play a small part in our Prime Minister’s vision of “Make in India ” and make it a success. Our journey of 50 years is a celebration of entrepreneurship, pursuit of excellence, and commitment to safety. “
Mr. N.K. Behani Partner and Chief Financial Officer, Tekno Valves added, “On our Golden jubilee, we have created Tekno Valves Foundation with a charitable objective to advance education, health services, and social amenities for those in need. Promoted by the family, an initial contribution of Rs 25 Lakh has been made to further the foundation’s objective.”
Tekno Valves is family-owned, founded by Mr Y.K. Behani in 1971 in Kolkata, which continues to be the manufacturing base. His brother Mr N.K. Behani joined in 1974, and the second generation Mr Rohit Behani and Mrs Renu Behani joined in 1996 and 2007, respectively. Tekno Valves has its application in Industrial and Medical Gases, Chlorine and Corrosive Gases, Ammonia and Amines, Firefighting, CNG, Self-contained Breathing Apparatus (SCBA), etc. The cylinder valves are tested and certified at BAM in Germany to European, American, and ISO standards and meet BIS specifications for the Indian market.
About Tekno Valves: Tekno Valves is India’s leading high-pressure gas cylinder valves manufacturer. The valves are designed to meet the most stringent global specifications. Tekno Valves has been synonymous with superior quality, high performance, safety, and trust in handling high pressures.