This entrepreneur started a filter manufacturing business with Rs 10,000, sells to clients like ONGC, GAIL
Started in 2002 by Mehul Panchal, Filter Concept has around 10,000 products in its portfolio developed with in-house technologies. It offers services to industries, including oil and gas, petrochemicals, pharmaceuticals, steel and power, cement, formulations, fertilisers, textile, and others.
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The Indian filtration market is somewhere between Rs 900 - 950 crore, says Mehul Panchal, Founder of Filter Concept.
In fact, the global market for industrial filtration is projected to reach $41.1 billion by 2025 from $29.5 billion in 2020, growing at a CAGR of 6.9 percent.
Filter Concept a two-decade-old company offers complete filtration technology solutions, catering to various filtration requirements of air, gas, and liquid for safe working conditions in the industrial infrastructure.