### **Overview** WPIL Limited (formerly Johnston Pumps India Ltd.), established in **1952**, is an Indian-headquartered multinational leader in **pumps and pumping systems** with over **73 years of operational experience**. A pioneer in centrifugal pump technology, the company has evolved into a globally recognized **integrated flow solutions provider**, serving engineered pumping, turnkey water projects, and industrial infrastructure needs across India and international markets. Headquartered in India, WPIL operates through a network of **12 global manufacturing facilities** and has strategically expanded into key geographies including **Italy, South Africa, Australia, and Thailand**, establishing a robust presence in **engineered pumps, turnkey projects, and aftermarket services**. --- ### **Corporate Evolution & Key Milestones** - **1952**: Founded as **Johnston Pumps India Ltd.**, manufacturing vertical/horizontal pumps, castings, and valves. - **2001**: Acquired by **Worthington Pumps Inc. (USA)**, rebranded to **Worthington Pumps India Ltd. (WPIL)**, and introduced advanced technologies and an R&D center. - **2011–2012**: Entered Africa and Australia via acquisition of **APE Pumps & Mather & Platt (South Africa)** and **Sterling Pumps (Australia)**. - **2015**: Established **Turnkey Project Division** and acquired **Gruppo Aturia (Italy)**, a major platform for European growth. - **2019**: Expanded into **oil & gas and positive displacement** pumps via acquisition of **Finder Pompe (Italy)** and **United Pumps Australia (UPA)**. - **2023–2025**: Accelerated global expansion with acquisition of **Gruppo Aturia (Italy)**, followed by **MISA S.r.l., Eigenbau (South Africa)**, and **Paterson Candy International Africa (PCI Africa)**. --- ### **Strategic Business Segments** #### **1. Product Division** WPIL manufactures a diverse portfolio of **centrifugal, submersible, axial flow, multistage, and specialty pumps** across **5–50,000 HP**, serving multiple sectors: - **Municipal**: Water supply, sewage, drainage, fire protection. - **Industrial**: Steel, chemical, fertilizers, pulp & paper, power, HVAC. - **Energy**: Offshore, oil & gas, LNG, pipeline, and thermal power (cooling, dewatering). - **Irrigation**: Large-scale lift irrigation, river-linking, piped systems. - **Defense & Naval**: Customized onboard and land-based pumping solutions. **Sub-Segments (as of Jul 2025):** - **Assembled-to-Order (ATO)**: ₹190 crore (FY25), driven by water schemes and naval orders. - **Engineered-to-Order (ETO)**: ₹133 crore (FY25), with strong demand from power and irrigation. #### **2. Turnkey Project Division** Established in 2000, the project division delivers **end-to-end water infrastructure solutions**, including surveying, design, civil works, treatment, pipelines, and automation. - **FY24 Revenue**: ₹823 crore (steady due to government budget constraints). - **Key Projects**: - **PCLIS PKG-9 & PKG-20**: 30 MW ultra-large metallic volute pumps for river-linking, irrigating 280,000+ hectares. - **WRD Piped Irrigation System**: 14,000-hectare automated network with over 1,000 km of pipelines. - **Backlog** in near-completed projects is expected to boost **O&M revenue from FY25–26 onward**. --- ### **Global Expansion & Inorganic Growth Strategy** WPIL has pursued a **disciplined inorganic growth strategy**, acquiring companies that enhance **geographic reach, product breadth, and lifecycle capabilities**. From 2011–2025, it acquired **over 12 companies** across: - **Italy**: Gruppo Aturia, Finder Pompe, MISA S.r.l. - **South Africa**: APE Pumps, Mather & Platt, Eigenbau, PCI Africa. - **Australia**: Sterling Pumps, United Pumps Australia. **Recent FY25 Acquisitions (Feb & Jan 2025):** - **MISA S.r.l. (Italy)**: €68.9 million deal for a €90 crore (INR) revenue business; specializes in **Irrigation & Drainage pumps**. - **Eigenbau (South Africa)**: Full acquisition; adds **water & wastewater turnkey capability**. - **PCI Africa (55% stake)**: €68.9 million transaction (via divestiture proceeds); revenue ~₹215 crore (451 million ZAR). **Strategic Drivers of Acquisitions:** - Shift from **export-led** to **local-market presence**. - Strengthen **aftermarket and lifecycle support**. - Target **high-margin engineered segments** with long-term contracts. - Achieve **operational synergies** and **faster integration** by acquiring near existing hubs. --- ### **Divestiture & Capital Reallocation** - **May 2024**: Exited **nuclear pump business** (Rutschi in France & Switzerland), divested to **newcleo France** for **€68.9 million**. - **Rationale**: Long project cycles (10–25 years), uncertain timing, and better ROI in scalable water infrastructure. - **Proceeds reinvested** in **inorganic growth**, especially in **Africa and Europe**. --- ### **Financial & Market Position** - **Total Revenue (Pump Division)**: ~₹1,000 crore annually (FY25). - **Project Revenue (FY24)**: ₹823 crore, with **₹400 crore projected from international projects** in the near term. - **Global Pump Market**: Estimated at **$60–70 billion**, with **engineered/industrial pumps** accounting for **~$40 billion**. - **India’s Share**: 3–4% of global market; domestic water projects market estimated at ₹1–1.5 lakh crores. - **Market Position**: Ranked **top 4 in all served segments** (India & globally) in engineered pumps and turnkey water projects. --- ### **Geographic Footprint & International Operations** | **Subsidiary/Unit** | **Location** | **Key Focus** | |---------------------|------------|--------------| | **Gruppo Aturia** | Italy | Industrial, fire, oil & gas pumps; 70% export revenue | | **Finder Pompe** | Italy | API 610 pumps for oil & gas | | **MISA S.r.l.** | Italy | Large pumping stations, hydro-turbines | | **APE Pumps / Mather & Platt** | South Africa | Industrial, water, oil & gas pumps | | **Eigenbau** | South Africa | Water & wastewater turnkey projects | | **PCI Africa** | South Africa | Wastewater treatment & infrastructure | | **Sterling Pumps / United Pumps Australia (UPA)** | Australia | Oil & gas, mining, custom-engineered pumps | | **WPIL Thailand** | Thailand | Irrigation, drainage projects (e.g., Klongsaphan) | | **Clyde Pump India** | India | JV partner; achieved record profitability | **WPIL Australia** generates ~₹900 million in revenue, with installations in **all Australian & NZ refineries**, and across **Southeast Asia**. --- ### **R&D & Operational Strength** - **R&D Center**: Recognized by India’s Ministry of Science & Technology. - **Asia’s largest pump test laboratory**. - **Capabilities**: Hydraulic modeling, smart pumps, fluid dynamics, system analysis. - **Operations**: 12 global facilities with **full vertical integration** (casting to testing). --- ### **Sustainability & Vision** WPIL aligns with global sustainability goals by: - Providing solutions for **water efficiency, sewage treatment, and flood control**. - Promoting **energy-efficient, automated pump systems**. - Supporting development of **green infrastructure** in emerging economies.