Air compressor manufacturer Elgi Equipments is aiming for a 24% revenue growth from $364 million in the last financial year to $450 million by the fiscal year 2025-26, according to Jairam Varadaraj, the company’s managing director. Varadaraj expressed confidence in the growth, citing the company’s focus on its core business and the opportunities in the market. Despite global challenges such as the Ukraine war, inflation, and rising energy prices, Elgi remains optimistic, with strong results from direct-to-market initiatives in West Asia and a robust performance in the North American market. The company expects demand to pick up across various sectors.
Elgi Equipments Targets 24% Revenue Growth to $450 Million by FY 2025-26
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