Business Description:Minimac Solutions (Pune) is manufacturing and marketing Portable Oil Recycling Equipments and Oil Purifying Systems.
With its patented technology 'KLAROL', Minimac's vision is to revolutionize the industry - drastically reducing the industrial oil consumption in a variety of sectors by recycling / purifying dirty or waste oil back to super-fine cleanliness levels. The product has been approved by leading oil manufacturers Castrol and Shell.
Klarol finds application in cleaning almost all industrial fluids including Engine Oil, Hydraulic Oil, Lubricating Oil, Gear Oil, Turbine Oil, Quenching Oil, Honing Oil, Special Cutting Oil, Coolant, Thermic Fluid, Food Oil, Kerosene, Diesel. The fluids are cleaned up to a level of 4-5 times better than new oils, thus eliminating the need to change oils at regular intervals - providing direct cost savings and reduced carbon footprint.
Minimac's mission is to reduce India's dependence on foreign oil, thus contributing to a growing industrial economy.
Industry:Oil Conservation, Purifying and Recycling
Founded in:2007
Source of idea:Developed family or friend?s idea
Significant Competitors:Electrostatic Lube Cleaners (Various Brands), Centrifuges (Various Brands)
Company Details :
Company Name:Minimac Solutions
HeadQuarters:Pune
Stage of the company:Scaling up
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):2-5
No of companies promoted:Yes (2)
Profits (2006):Did not exist
Profits (2007):6 to 15 lacs
>Partnerships:A very successful team of distributors, resident executives, employees and associates. Partners in Thailand, own office in Vietnam, Asia-Pacific HQ in Singapore.
Initial Funding:Angel investors
Addl Funding:
Institutitional Capital:No
Revneue Model:Field experience and knowledge about the market leads us to believe that Klarol is not an off-the-shelf product. The needs of each customer vary depending on their machine, operating hours, field conditions and type of oil being used. Our strength lies in being able to tap into our knowledge base and provide customized solutions based on a well-tested, well-proven technology. The core of Klarol Oil Cleaning Systems consists of one or many units of Klarol Oil Purifier. We are able to connect multiple units of this purifier to form oil cleaning systems that are capable of serving very varied needs. Klarol Oil Cleaning Systems can be used to clean practically all kinds of oils, even used edible oils. However, our focus initially would be to sell Klarol Oil Cleaning System for cleaning the following kinds of oils. There are 3 streams of revenue - 1) permanent installation and mobile oil cleaning systems, 2) sale of replaceable cartridge filters forming a golen goose and, 3) annual maintenance contracts for oil management and cleaning services
Awards & honors:None yet.
Promoters Details :
Promoters Name(s):Anshuman Prabhakar
Age:25
HomeTown:Ranchi
Education:Bachelors
No of companies promoted:Yes (2)
Family Background:Business
Job:New Product Introduction at Tata Motors
Ex-Job Description:Innovation
Favorite Book/Movie:The Art of War - Sun Tzu
