Germany-based industrial screwdriving and assembly technology company DEPRAG SCHULZ has established DEPRAG India Pvt. Ltd., creating a direct presence in the Indian market after more than two decades of operations through Leaptech Corporation.
The company plans to invest ₹8–10 crore in India and begin local assembly of selected systems within four to six months. DEPRAG India is targeting double-digit million Euro revenue over the next five years, with an annual growth target of 25 percent. It also aims to develop a €5 million business within three years.
DEPRAG India will initially focus on industrial screwdriving and fastening systems, component-feeding equipment, assembly automation and machines designed for specific production lines. The portfolio also includes air motors, pneumatic tools and software for industrial assembly.
The company’s existing customer and installation base in India covers the automotive, electronics and electric mobility sectors, among other industries. With the new subsidiary, DEPRAG plans to bring engineering, application development and customer support closer to Indian manufacturers while developing local assembly capabilities.
DEPRAG CEO Dr Erik Hallmann said the company intends to establish a direct presence in India as the market has reached a scale that supports local operations. The company’s plans include investment in engineering support, selected local assembly and the development of an Indian team.
The company said the expansion of domestic manufacturing in India, supported by initiatives such as Make in India and Production Linked Incentive schemes, is increasing demand for assembly systems that enable repeatable production processes and tracking of critical manufacturing steps.
V.P. Sreejeev, Director, DEPRAG India, said the local operation will provide faster engineering support and allow machines to be adapted to individual products, factory layouts and production volumes. Local assembly is also expected to reduce delivery times for selected systems and support greater customisation.
The first phase will focus on developing the local team, strengthening engineering support and identifying systems that can be assembled domestically within four to six months.
DEPRAG, which traces its roots to 1801 and has operated as a family-owned company since 1931, provides technologies for applications requiring accurate fastening, repeatable quality and production records.
The new Indian subsidiary will build on DEPRAG’s more than two-decade partnership with Leaptech Corporation while expanding the range of systems that can be developed, assembled and supported locally.