Published by The
Business Tycoons -
January
2025
Avinaash Wayphalkar,
Director
Asway Industries Pvt. Ltd
What a group of five associates with technical
background started in 2005 on a homeowned area of 20 sq. m. manufacturing,
auto pressed parts, welding assemblies and formed
jobs for Piaggio Vehicles, has today become a name to
reckon with.Asway Industries Pvt. Ltd. in Baramati,
Maharashtra, is a well-known name in the industry.
Timely delivery, quality manufacturing and supply, aided in receiving orders on large scale. Within one year of its establishment, they acquired 600 sq. m. area at MIDC Baramati, and added manufacturing facilities. They started manufacturing activities for fabrication and machining of forged components for Bharat Forge.
Timely delivery, quality manufacturing and supply, aided in receiving orders on large scale. Within one year of its establishment, they acquired 600 sq. m. area at MIDC Baramati, and added manufacturing facilities. They started manufacturing activities for fabrication and machining of forged components for Bharat Forge.
The Teething Period
- During the initial period, they faced challenges of limited infrastructure, machineries and finance. But with good faith in their abilities and positive approach, the five associates continued their efforts in organizational building.
- “In the process of excelling further, we registered with Cummins Group in 2011 and acquired annual maintenance contract for fabrication work at site. In the same period we received orders from Cummins Group for the supply of small fabricated items like material handling trolleys, transportation pallets. Further we acquired 1200 sq. m. area, wherein now we have three stories office building of 180 sq. m. and 1800 sq. m. for manufacturing activities,” shares Mr. Avinaash Wayphalkar, Director ofAsway Industries Pvt. Ltd.
- The manufacturing site has state-of-the-art manufacturing setup, comprising of assembly line with TIG-MIG welding setup, steel cuttingforming facilities, surface treatment facility of finished products like priming –painting and coating facility with other implied facilities required to manufacture to comply for the product/ service range. They also installed Advanced Technology like laser cutting and laser welding facility to enhance quality of supplies.
- “We provide full support from concept to developmental stage, by appointing our design engineer/team to understand the requirement of product/installations, make representative drawing/sample – for approval along with carrying out ANSIS. For designing the products we have licence design software, like Auto Cad, Solid - works and ANSIS. For Supply Chain/logistics we have own vehicles in heavy/light weight category to provide prompt deliveries to our customer,” further informs Mr. Avinaash.
Growth and Expansion
Since its establishment, the company grew from
Rs. 1.54 Cr turnover to Rs. 9.62 Cr conglomerate
till 2023-24 and is marching ahead to reach Rs. 12
Cr at the end of current financial year 2024-25.
“We are engaged with corporates likes, Tata
Cummins Pvt Ltd (all 3 divisions), Cummins
India (Mega site and six other India divisions).
Corporates like Bharat Forge, Piaggio Vehicles,
Atlas Copco, Venus Automation, Gudel India are
also our most valued customers.
We also have presence in African market like Tanzania, Rwanda, which is our future market. We are ready to expand ourselves globally through our network and trusted customers,” says Avinaash.
We also have presence in African market like Tanzania, Rwanda, which is our future market. We are ready to expand ourselves globally through our network and trusted customers,” says Avinaash.
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