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Home arrow News arrow Business News arrow Bangalore based Spiro Gears plans foray into gear box manufacture
Bangalore based Spiro Gears plans foray into gear box manufacture Print E-mail
Written by Arjun   
Monday, 28 February 2011
Bangalore: Spiro Gears, a manufacturer of precision gears with it's facility in Peenya, Bangalore, plans to make a foray into gear-box manufacturing. For the manufacture of complete gear-boxes the company is looking for international partners, in order to enter into technology transfer agreements.

The company recently invested Rs. 5 to 6 crores for adding new machines and setting up a new factory building at Peenya. With a plan to start manufacturing gear-boxes in the new facility, Spiro Gears will invest in more machines over the next 2 years. The company also plans to begin export of gears.

Spiro Gears already has bagged an order for 2 types of gear-boxes. To begin with it will manufacture small to medium range gear-boxes. Recently, the company has also commenced the manufacture of small gear assemblies for its present customers.

It currently employs nearly 50 people and plans to add another 20 people over the next one year. The company has already invested approximately 2.5 crores in new machinery like CNC turning centers and CNC gear grinding machines. Over the next 2 years it will invest over Rs 1.5 crores towards adding CNC hobbing machines and more turning centers.

Spiro Gears currently manufactures precision gears - spur & Helical (Ground / Shaved), spline shafts, worm & worm wheels, ratchets, spiral bevel gears in its present facility.  These gears are widely used in Portable Power Tools, Lawn Movers, Earth Moving Equipment, Textile Machinery, Printing Machinery, Geared oil pumps, Bakery Equipment, Geared Motor, Medical Equipment, Geared Lathe, agricultural machinery, machine tools, etc

For the year ended 31st March 2011 the company's turnover is expected to cross Rs. 4 crores. Last fiscal the company registered a turnover of nearly Rs. 2.5 crores. "Next year we will see a 25 to 30 % growth in turnover," said Manoj Agarwal, CEO - Spiro Gears. He expects demand from textile machinery, Gear Boxes and gear pump manufacturers to be the major growth drivers for the company in the coming few years.

Spiro Gears, which already has established quality systems in place, is planning to secure ISO certification soon.

Prior to the expansion, the company was operating at nearly 80 percent capacity. It is currently utilizing 60 percent of it's available capacity. With the addition of new CNC machines the company is be able to cater to larger volumes and higher precision gears thus targeting niche customers.

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