Grundfos pegs growth through new products and regions

: Denmark-based water pump maker Grundfos as part of its growth plans in 2017 would foray in 'new geographies in domestic market' and by launch of new products, a top official said.
Besides, the company was also mulling growth by exploring opportunities in 'hot water re-circulation pump market' and also in area of recycling sewage water, Grundfos India, Managing Director, N K Ranganath said today.
"We are looking at growth by launching new products and by moving into new geographies in India", he told reporters, after unveiling SCALA2, a fully integrated water booster pump.
Stating that the company has a strong presence in West and Southern regions, he said, the company was looking at tapping the opportunities in East and Northern regions.

On the company's financials, Ranganath said Grundfos India posted a top-line revenue of Rs 383 crore in 2015 and for 2016 it was expected to be around Rs 425 crore.
On the product SCALA2 launched at Rs 40,000 a unit, he said it comes with host of features which include constant water pressure, low noise level and easy installation.