We recently met Tarak Patel, Managing Director of GMM Pfaudler, to get an insight into the company's business model and growth prospects. GMM Pfaudler is a leading supplier of glass lined based equipment (reactors, storage tanks) in India, commanding > 50% domestic market share, finding critical application in the chemical & pharmaceutical industries. It has its manufacturing base in Karamsad, Gujarat. Pfaudler Inc, a world leader in glass lined equipment, purchased 40% of the company in 1987. They further increased their stake to 50.44%. The...