HRS Systems plans to double revenue in five years

HRS offers heat transfer solutions for processing applications across a spectrum of industry sectors. It plans to double its revenue to Rs 100 crore from existing Rs 50 crore

HRS Process Systems, part of UK based HRS Group, a heat transfer specialist, is planning to double its revenue to Rs 100 crore form the existing Rs 50 crore in the next five years.  It is now focusing the the sectors like food processing, pharma and steel and chemicals.

“In recent times, the food processing industry in India has seen reasonable traction. We are convinced that for this sector to continue to grow fast, energy efficiency will be a key differentiator. Large companies in this segment are already gearing up to introduce new varities of processed food products to suit the tastes of the Indian palette in addition to ramping up production of the current products. However, food waste processing, pharma and chemical could present the next big growth opportunity in India. Our company, known for its expertise in applied engineering and innovation, for pasteurizer, sterilizer for pulp, beverage and neutraceuticals, has already introduced a first-of-its-kind-products,” said V Gokuldas, managing director HRS Process Systems.

HRS offers heat transfer solutions for processing applications across a spectrum of industry sectors like chemical, petrochemicals, oil & gas, pharmaceutical, oil & fats, fertilizer, cement, steel, power, agro chemical, OEM (Original Equipment Manufacturers), paint, paper & pulp, textile, automotive, sugar, distillery & breweries, dairy and food & beverage.

Gokuldas added, “HRS is a “Our aim is to double the revenues in the next five years. Our thermal processing units and Ecoflux corrugated heat exchangers help to save 60 per cent of energy. The most energy spent in most of the plants is in the heating and cooling processes. The food industry was facing problem of efficient conversion of farm produce as the product gets easily perished before reaching the consumer. The need of the hour is advanced processing technology whereby we can process and store food for sufficient time required up to consumption. This in turn will see a significant traction in the heat exchangers or food systems space.”  The company has designed ‘HRS ParaDice’, specifically for value added processing in the food sector. It is capable of processing fruit and vegetable dices without any kind of breakage. It can also be used for blanching of vegetables and chilling of ready-to-eat fruits.

HRS PSL’s contribution to the global turnover is over 25 per cent and with the expansion the company expects to see this increase to 50 per cent in the future.  

HRS is one of the leading heat transfer specialists, offers thermal processing technology to some of the large chemical manufacturers such as Jubilant, Atul, Bayer, Syngenta, and Zuari Agro.

Over 45 per cent of the company’s business in India is generated from the food processing industry with a growth rate of 10 per cent year and will touch up to 50 per cent in future.