Meco aims to expand its business in the domestic as well as overseas markets manifolds in the years to come.
Although India’s contribution in the electronics manufacturing space has been negligible when compared to other countries, a few domestic companies have contributed immensely to the growth of this industry and have succeeded in putting India on the global electronics map. Meco Instruments Pvt Ltd, one such company, is celebrating its 50th anniversary this year.
Established in 1962 by Premchand Goliya, Meco started manufacturing test and measurement instruments in the 1980s, in its state-of-art manufacturing facility in Mumbai. It has not only contributed immensely to the electronics industry but has proved to be an inspiration to many other domestic manufacturers who have made a mark in the industry, by competing with the MNCs.
Over the years, Meco’s product portfolio has expanded and today it includes digital multimeters, clampmeters, transducers, programmable panel meters and modules, energy monitoring instruments, battery meters for UPS systems and inverters. The company has had long technical associations with companies like Seiko Epson, Soar Corporation, Fuso Electric Co and Microdenshi from Japan.
Though Meco has faced strong multinational competitors in the test and measurement (T&M) space, it has successfully established itself as a reputed brand with its wide reach and successful products. “In the past five years, Meco has registered a growth of 10 per cent and, in terms of revenue, it has witnessed a growth of 5 per cent,” informs Premchand Goliya, chairman, Meco Instruments.
Over the years, Meco has earned the confidence and patronage of a diverse range of customers as Indian industry has satisfactorily used over 6 million Meco instruments. It has an in-house R&D centre, calibrating and testing facilities, and also holds 20 patents awarded by the Government of India.
“Our instruments are tested in rugged conditions for reliability, durability and calibration, which give our products an advantage over others in the market. This fact has been established by our users who have made us successful. Our R&D department is continuously developing instruments with improved specifications and competitive prices,” shares Premchand Goliya.
With its mantra being, “Measure, conserve and preserve,” Meco aims to expand its business in the domestic as well as overseas markets manifolds in the years to come.
