MR Organisation Acquires 51% Stake in Madhura Compressors

14 May 2025 CW Team

SAT Industries is pleased to announce that its subsidiary, MR Organisation , has acquired 51 per cent stake in Madhura Compressors, a specialised manufacturer and service provider of centrifugal compressors and related high-precision components. Its product offerings include intercoolers, after coolers, oil coolers, replacement coolers, and other critical components such as impellers, diffusers, heat exchangers, PLC panels, and gears. It also offers energy- saving audits, aftermarket solutions, and customized services to clients across steel, power, pulp C paper, textiles, and automotive sectors.

With revenues of Rs 130.13 million in FY 25 with high EBITDA margins, Madhura brings strong technical capabilities, energy audit services, and a robust clientele of over 90+ corporate and prestigious entities, including Tata Steel, Jindal, JSW Steel C Energy, Bosch, and Godrej in India and international market.

This acquisition marks a strategic expansion of MR Organisation’s compressor business. It enhances our portfolio by expanding centrifugal compressor technology, unlocking cross-selling opportunities, and deepening presence in the aftermarket and global compressor service industry.

With a legacy spanning over 25 years, Madhura has established itself as a trusted name in the steel, power, pulp C paper, and public sector markets. The company is led by Bapu Kadam, an industry veteran with 38+ years of experience in the compressed air industry.

Mayur Kamdar (Managing Director – MR Organisation) said, “This acquisition reffects our long- term vision to scale and integrate the compressor value chain under MR Organisation. This business adds strong technical depth, a high-margin product line, and long-standing customer trust. It perfectly complements our existing compressor offerings. We are confident that this strategic acquisition will unlock cross-selling synergies and accelerate our aftermarket expansion globally.”

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