FIEM industries — Relying on technology for future growth
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Starting out as a manufacturer of automotive lights and rear view mirrors, FIEM Industries Pvt Ltd has continued to add to its repertoire and portfolio over the years, transforming into an advanced technological player. The company today manufactures some of the most advanced lighting systems, and have diversified into areas such as lightweight frames, plastic body panels and LED-based solutions for industrial and infrastructure application. We visited the company’s plant in Sonepat, Haryana to witness the transformation the company has made.
Walking into the FIEM facility in Sonepat, Haryana, one could sense that the company is standing on the cusp of a major expansion. The company has experienced significant growth over the past few years, and the future holds good promise. Over the next three years, FIEM expects to grow at a CAGR of about 40 %, and by more than 100 % in the two years thereafter. Investments in new technologies and business areas are translating into...