Madhura Engineering eyes higher growth

Hyderabad: Madhura Engineering Services, a leading dealer for construction and mining equipment, has set a target to clock higher growth in coming years. The city-based company, an authorised dealer for Chinese construction equipment maker Sany, is close to selling 145 machines from the Chinese brand this year.

“We have doubled our sale numbers from the last year. We expect to do the same next year, selling close to 300 units,” Madhusudan Katragadda, CEO, Madhura Engineering Services, said at a meeting organised for construction equipment financiers by Sany India here.

Madhura has three 3S (sales, service and spares) facilities at Karimnagar, Khammam in Telangana and Kurnool in Andhra Pradesh. It has employed 38 people for handling operations related to Sany dealership while around 60 people work for other operations of the company.

“With this, we are able to reach out to most of the districts in Telangana and also in Andhra Pradesh. We have service and spare parts set-up in Hyderabad as well as Warangal while we have a branch in Mahbunagar too,” Katragadda said.

He attributed the phenomenal sales growth achieved by his company to the quality equipment that Sany makes and supplies. Sany India, which is also into heavy machinery and renewable equipment, organised a meeting with leading financial institutions in the city to broaden relationships, build trust and communicate with existing and prospective companies.

The company showcased its complete range of equipment and highlighted their capabilities. More than 20 leading financing institutions participated in the event including private organisations as well as public sector banks. “This event is aimed at creating one more avenue where we can share a platform with our partners,” said Deepak Garg, CEO, Sany Heavy Industry India Pvt Ltd.