Oswal Pumps Limited was incorporated on July 15, 2003 at New Delhi, India as ‘Oswal Pumps Private Limited’, a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the RoC. The company was then converted into a public limited company under the Companies Act, 1956, pursuant to the Shareholders’ resolution dated October 24, 2006, consequent to which, the name of the company was changed to ‘Oswal Pumps Limited’ and a fresh certificate of incorporation dated November 15, 2006 was issued by the RoC.
Oswal Pumps is the fastest growing vertically integrated solar pump manufacturers in India. It manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under the ‘Oswal’ brand. It caters to the diverse requirements of end-users in the agricultural sector for irrigating fields; the residential sector for maintaining gardens and fountains, extracting water, supplying water to overhead tanks and cleaning households and small establishments; commercial premises such as shopping malls, offices and hotels; industries which use its pumps in boilers and water treatment, water transportation and sewage applications and use its electric motors in machinery applications and cooling tower systems.
The company is one of the few fully integrated Turnkey Solar Pumping Systems providers in India with the capability to manufacture solar powered agricultural pumps, solar modules and pump controllers and provide installation services for such systems. To enhance its capabilities as Turnkey Solar Pumping Systems provider, it commenced manufacturing solar modules for Turnkey Solar Pumping Systems on January 8, 2024 through its wholly-owned subsidiary, Oswal Solar Structure Private Limited. It also benefits from its Associate, Walso Solar Solution Private Limited, which manufactures mounting structures, BOS and essential components for Turnkey Solar Pumping Systems.
It has end-to-end pump manufacturing capabilities and has undertaken several backward integration initiatives over the years, enabling it to produce several components of a pump in-house and providing it with competitive advantages. It also focuses on recycling scraps to produce certain components of pumps. For example, it utilizes scrap metal to manufacture components such as suction, non-return valve, impellers, bowls sleeves, collets and stator end ring. This approach allows it to minimize waste and helps it to improve its margins. It also harnesses the capabilities of electronics to optimise the end-use efficiency of its pumps.
Business area of the company
It manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under the ‘Oswal’ brand.
Products of the company
- Monoblock Pump
- Submersible Pump
Awards, accreditations and recognitions
- 2005: Bharatiya Udyog Rattan Award to the company from Indian Economic Development and Research Association.
- 2021: Recognized as ‘One Star Export House’ by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India.
- 2022: Awarded with the ‘CE Marking’ certificate by INTL Certification Limited.
History and milestones
- 2003: The company was incorporated as a private limited company.
- 2006: The company was converted into a public limited company.
- 2007: Takeover of M/s Oswal Electricals (Pumps) by the company, from its sole proprietor, Padam Sain Gupta, its Promoter Group member.
- 2006: Commencement of export activity to Sri Lanka.
- 2010: A new manufacturing plant was set up in Karnal, Haryana for pumps and electric motors.
- 2011: Commenced backward-integration for pumps in the Karnal facility for cast iron casting, automatic motor winding and lacing.
- 2012: Started developing pure stainless steel fabricated pumps.
- 2019: Collaborated with Tata Power Solar Systems Limited for supply of pumps for a period of five years.
- 2019: Commenced manufacturing solar pumps.
