Elgi Equipments Launches Innovative Technology with a Vision to Become a Top 3 Global Air Compressor Supplier in 10 Years

Jairam Varadaraj, Managing Director of Elgi Equipments.
| Photo Credit: Special Arrangement

Elgi Equipments, a top player in the air compressor market, aims to rise from sixth to one of the top three suppliers by 2035-2036.

During a recent announcement, Jairam Varadaraj, the Managing Director, revealed the launch of a new technology called “Stabilisor.” The company is set to invest around ₹600 to ₹650 crores over the next five years to consolidate its manufacturing in Coimbatore.

Elgi aims to reach $450 million in revenue by FY 26 and has four more innovative ideas in the works, backed by a dedicated team of about 180 in research and development.

The “Stabilisor” technology will be produced using existing capacity and will be rolled out to global markets within six to seven months. This new system targets industrial plants, which account for 85%-90% of Elgi’s compressor sales. Notably, it will be priced 30% lower than traditional VFD machines.

Varadaraj explained that a significant portion of the market is reluctant to invest in high-cost equipment. The “Stabilisor” provides an affordable alternative for compressed air stabilization.

This innovative technology follows a “recirculate and recover” approach, and the company has applied for a patent.