Case Study Of Ace Micromatic Group

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Industry Overview Manufacturing is the guide to industrialization and development of a nation. And machine tools is the back bone for manufacturing as it serves as the mother industry. India stands 16th in the production and 11th in the consumption of machine tools in the world as per the 2014 Gardner Business Media survey.There is a great support from government of India in promoting manufacturing industries. India is all set to become a key player in the global machine tools industry and is likely to see substantial high-end machine tool manufacturing. Industry experts say that the phenomenon is linked to the spurt in manufacturing. Since, the manufacturing capacity is stagnating and the growth rate for the machine tools industry falling …show more content…

Ace designers ltd. One of the first initiative of the Ace Micromatic group was started by Mr A.V. Sathe, Mr Benedict Machado and Mr Shrinivas G. Shirgurkar was incorporated 33 years ago. Ace Designers, was founded in 1979 as a design-consulting firm . Now it has 8 companies under its umbrella serving different class of machines to the industry. Now the group also offers products to enhance its customer's productivity through real time machine monitoring. Thus with continuous innovative strategies,Ace Micromatic is the most respected and trusted group in India. the core strengths of the group is the rich engineering experience of its leaders, who are considered pioneers in the development of several technologically advanced products and a very strong shared value …show more content…

Ace designrs has 26% market share in India making it market leaders in the machine tool industry. Ace Micromatic group mainly focuses on small and medium scale industries but also do get orders from giants like Cummins, Toyota, Bharat forge etc. Group companies The main group companies of Ace micromatic group are as follows:- a) Ace Manufacturing Systems :- Ace Manufacturing Systems (AMS) is one of the largest manufacturers of Machining Centers in India. AMS was started by Mr. P. Ramadas along with the promoters of Ace Designers Ltd., Mr. Ashok. V. Sathe, Mr. Srinivas G. Shirgurkar and Mr. Benedict Machado in Feb 1994. It offers a widest range (over 40 variants) of machining centers, both vertical and horizontal, they cover a huge variety of milling applications. AMS also offers turnkey option and tooled up solutions. AMS has contributed greatly in dispelling the myth that machining centers are expensive. A strong presence in the domestic market has been complimented by an equally impressive global

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