BPE in 2019
Since the last year, we have been scaling our business in all aspects ranging from product range, manpower, technology to revenue. We have introduced a new product range of modular UPS which are more sustainable, reliable, safer, efficient and very high in quality. We have been constantly improving the performance of all our equipment in terms of saving energy through various innovative methods like using fuel cells, hydrogen storage which last longer, high-resolution sinewave output. The energy wastage has been minimised a lot using data centre carbon cuts, preventing failures and optimising maintenance. We have been upgrading our designs of the technology and focusing more on increasing efficiency and modularity. As we are on an expansion mode, domestically and internationally, we have generated many employment opportunities in these regions of expansion. In the last one-year, we have expanded to Malaysia, Dubai, Philippines and Taiwan in international markets and Tier-2 and -3 cities in India.
We have seen a 25 per cent year-on-year growth in revenue which gives us more confidence to expand and innovate.
In the coming years, we would want to concentrate and put in our energies in innovation, R&D, expansion and technology. We wish to align ourselves to (Industry) 4.0 technology. We have seen that India did not grab opportunities in Industry 3.0 because of the availability of labour, access to limited software with paper-based processes and total dependence on humans. But today, the situation is different as it has been observed that Reserve Bank of India reported that 1,734 manufacturing companies posted Rs 47,100 crore in Q3 FY2019, up 29.4 per cent.
Our future objective is to be the leading manufacturer in the industry, with innovation and adapting the market change like inclusion of IoT and 5G is our key product strategy. The end-user experience will be taken up to 100 per cent satisfaction level.
Regarding the product portfolio, we have recently expanded our offering to Philippines market and planning to expand BPE products’ reach to all over the world by the end of 2025. The company will also enhance its after-sales services which enable their customers to minimise business interruptions, improve system availability, enhance the manageability of power devices and optimise the cost of ownership.
The biggest difference, we see, is the product support. As we are Indian manufacturers and we are more than 2 decades old in the industry, we understand the market very well, which has led us to reach to the level of product localisation. We understand the demand of each industry and based on that we have been expanding and customising the product range.