Established in 1992, Magal Engineering Co India Pvt Ltd has evolved into a world-class entity, renowned for its superior sheet metal forming machines and cutting-edge solutions. In this interview, M K Narasinga Rao, Managing Director, Magal Engineering Co India Pvt Ltd, highlights trends in the sheet metal forming industry and the company’s future plans.

Could you briefly introduce Magal Engineering?

Magal Engineering Co India Pvt Ltd is a prominent player in the engineering and manufacturing sector, specialising in high-quality, precision-engineered products. With over 25 years of experience, the company is known for designing, developing, validating, and manufacturing advanced mechanical assemblies. Established in 1992, Magal Engineering Co India Pvt Ltd has evolved into a world-class entity, renowned for its superior sheet metal forming machines and cutting-edge solutions. With a rich history spanning over 25 years, we have solidified our position in the market, earning the trust and goodwill of countless customers across India.

How is the market for sheet metal forming? Which factors and end-user industries are driving the demand for your products and solutions?

The sheet metal forming industry is undergoing significant evolution, driven by technological advancements and shifting market demands. The integration of robotic automation and AI is enhancing efficiency and safety in sheet metal forming. Collaborative robots (cobots) work alongside human operators, while AI systems optimise process parameters and monitor production in real-time. The adoption of Internet of Things (IoT) devices allows for real-time monitoring and data collection from machinery. Coupled with AI, this data facilitates predictive maintenance, reducing downtime and enhancing productivity. 

The sheet metal forming market is evolving through the adoption of advanced technologies, innovative materials, digitalization, and sustainable practices, positioning the industry to meet modern manufacturing challenges effectively.

What are key challenges facing the Indian manufacturing sector today? What are probable solutions to overcome these challenges?

Despite a large workforce, there is a significant gap in the skills required for modern manufacturing processes, partly due to inadequate vocational training and education systems. We need to enhance vocational training programs and align educational curricula with industry needs to equip workers with relevant skills. Global supply chain risks, including potential delays and elevated costs, pose challenges to manufacturing operations. There is a need to develop resilient supply chains through diversification of suppliers and adoption of digital supply chain management tools.

How critical are skilled people for the growth of the manufacturing sector? How are you preparing your employees to be future-ready?

A skilled workforce is a cornerstone of growth for the manufacturing sector. Investing in skill development not only boosts productivity and innovation but also positions the sector for long-term success in a competitive global landscape. Skilled personnel are crucial to the growth of the manufacturing sector as they enhance productivity, enable the adoption of advanced technologies, ensure quality standards, drive innovation, and reduce downtime. Countries with a skilled workforce attract more investments in manufacturing. A skilled workforce enhances efficiency, competitiveness, and the sector's ability to adapt to evolving global demands.

Employee reviews indicate that Magal Engineering places importance on skill development, providing opportunities for employees to enhance their competencies. 

• Continuous learning and upskilling: We offer training programs on emerging technologies, tools, and best practices. We provide certification courses and encourage participation in workshops or seminars.
• Embrace digital transformation: We train employees to use digital tools and software that enhance productivity and efficiency. We foster a culture of adaptability to rapidly evolving technologies like AI, IoT, and automation.
• Develop soft skills: We take steps to enhance critical skills such as problem-solving, communication, teamwork, and leadership to navigate dynamic work environments. We focus on emotional intelligence and adaptability to handle changes effectively.

What kinds of new opportunities are you eyeing to tap for growth?

Magal Engineering is actively exploring new growth opportunities by diversifying its product offerings and expanding into various sectors. In addition to serving the automotive industry, Magal Engineering is extending its reach into the aerospace and defence sectors, demonstrating a strategic move to leverage its engineering expertise across multiple industries. By broadening its product portfolio and entering new markets, Magal Engineering aims to drive sustainable growth and enhance its competitive position in the global market.

With automation and sustainability becoming critical factors across industries, how is Magal Engineering tapping these trends?

We are actively embracing automation and sustainability to drive growth and operational excellence for our customers. Magal Engineering is actively encouraging and supporting their customers in implementing advanced automation technologies to enhance manufacturing efficiency, reduce waste, and improve product quality. By automating processes, we help our customers minimise energy consumption and optimise resource utilisation, aligning with sustainable manufacturing practices. 

What are your growth plans in the coming years?

Magal Engineering is actively pursuing several growth strategies for the coming years. Magal Engineering recognises the burgeoning electric vehicle (EV) market as a significant opportunity. The company plans to showcase its latest solutions tailored for electric vehicles at industry events like IMTEX Forming. Magal Engineering is broadening its product offerings to cater to the precision sheet metal industry, aiming to meet the evolving demands of various sectors.

The company has transitioned an ongoing agency business with Deratech Industries into a joint venture, Deratech Machines India Pvt Ltd, to enhance its capabilities and market reach. With over 25 years in the industry, Magal Engineering continues to focus on innovation and delivering high-quality sheet metal forming solutions, reinforcing its position as a trusted partner.