SAT Industries Limited has announced that its subsidiary, M.R. Organisation Ltd., has acquired a 51% equity stake in Madhura Compressors Pvt. Ltd., a leading manufacturer and service provider of centrifugal compressors and high-precision components.
This strategic acquisition is aimed at expanding M.R. Organisation’s footprint in the high-margin centrifugal compressor segment, both in India and globally. Founded over 25 years ago, Madhura Compressors is known for its expertise in manufacturing and servicing components such as intercoolers, aftercoolers, oil coolers, impellers, diffusers, heat exchangers, PLC panels, and gears. The company also offers energy-saving audits, customized engineering solutions, and comprehensive aftermarket services to a wide range of industries including steel, power, pulp & paper, textiles, and automotive.
With FY25 revenues of ₹13.13 crore and high EBITDA margins, Madhura serves a robust clientele of more than 90 prominent corporate and industrial clients. Notable customers include Tata Steel, Jindal, JSW Steel & Energy, Bosch, and Godrej, with a presence in both domestic and international markets.
The acquisition is expected to unlock significant cross-selling opportunities across M.R. Organisation’s and Madhura’s combined customer base, while deepening the company’s presence in the global aftermarket and compressor services sector.
Mr. Mayur Kamdar, Managing Director of M.R. Organisation Ltd., commented on the development:
“This acquisition reflects our long-term vision to scale and integrate the compressor value chain under M.R. Organisation. Madhura brings technical depth, a high-margin product line, and trusted customer relationships, which perfectly complement our existing capabilities. We believe this strategic move will accelerate our growth and strengthen our position in the global compressor ecosystem.”
Madhura Compressors is led by Mr. Bapu Kadam, an industry veteran with over 38 years of experience in the compressed air and compressor systems industry. His leadership and technical acumen have positioned Madhura as a trusted partner in critical sectors, especially within public and private sector enterprises.
Key benefits of the acquisition include:
- Expansion of high-margin compressor products and services domestically and internationally
- Cross-selling synergies with existing M.R. Organisation offerings
- Enhanced capabilities in energy audits and specialized component manufacturing
- Strengthened access to a diversified and prestigious customer base
This acquisition marks a significant milestone in M.R. Organisation’s efforts to build a comprehensive and integrated compressor solutions platform with global competitiveness.