Sealmatic India, a prominent player in the mechanical seals industry, has officially inaugurated its manufacturing facility located in Kaman, Vasai. This significant development marks a crucial step in the company’s growth trajectory, enhancing its production capabilities by an impressive 65% over its existing operations at Mira Road.
The newly established facility spans 25,000 square feet and is fully integrated and operational as of today. This expansion comes as part of Sealmatic’s strategy to meet the increasing demand for mechanical seals and API vessels in the market.
Mr Sadique Chaudhary, Director of Sealmatic, has been instrumental in overseeing the setup and recruitment of a skilled workforce to ensure smooth operations within the new unit. “The move to Kaman has allowed us to explore new manufacturing styles and processes,” said Chaudhary adding that the move will enable the company to fulfil daily orders for mechanical seals and seal supply systems more efficiently, ensuring timely delivery to customers.
Equipped with cutting-edge machinery, including advanced CNC systems, the facility is designed to streamline production processes and enhance operational efficiency. The exclusive focus on fabricating API vessels at this site further underscores Sealmatic India’s commitment to integrating automated processes into its manufacturing operations.
Umar AK Balwa, Managing Director of Sealmatic India, emphasized the company’s dedication to innovation and sustainability. “Our prime focus has always been on staying ahead of the competition through innovative technology,” he stated. “We aim to set benchmarks in innovation, efficiency, reliability, and sustainability while creating pathways for tomorrow’s workforce today.” The inauguration of this facility not only bolsters Sealmatic’s production capacity but also reinforces its competitive edge in the industry. The strategic location and modern manufacturing techniques are expected to significantly improve delivery timelines for customers.
Sealmatic India’s Impressive Post-IPO Journey
The company launched its IPO on BSE SME platform in February 2023 and got listed in March 2023, following strong subscription of 16.6 times. From IPO allotment level of INR 225 per share, the stock of Sealmatic India has rewarded investors very well and currently trades at INR 600 per share, reflecting gains of 166%.
