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Tushaco wins the Frost & Sullivan Market Share Leadership Award in the Positive Displacement Pumps Market

Mumbai, India, November 26, 2010 - Tushaco Pumps was recently conferred the Frost & Sullivan Market Share Leadership Award in the Positive Displacement Pumps Market, at a high-profile Awards Ceremony held at Hyatt Regency, Mumbai. The Award for Market Share Leadership is presented to a company that has demonstrated excellence in capturing the highest market share within its industry in a specific year.

On receiving the award, V Balakrishnan, Country Head, Tushaco Pumps, said, "Our focus, leveraging the growth of Power Generation in the Indian market, has been to adopt an aggressive approach in most critical applications that Positive Displacement Pumps cater to. While Tushaco has already been a major player in the Power Generation Market, 2010 saw us reaching new heights in terms of catering to a wider range of applications duly supported by a broader product and systems portfolio from the Colfax Group. A similar strategy has been worked out for Oil and Gas and Marine, and will reflect the long-term growth intent of Colfax in India. Importantly, the credit goes to the Tushaco associates who took up the challenge and geared up their processes and systems, internally and externally, to deal with the higher growth trajectory. Our challenge remains to continue to enhance this growth and sustain the market share leadership position in the near future".

To choose the recipient of this Award, the analyst team tracks the performance of all the pump suppliers through primary research. The key officials within each company are interviewed to assess their relative position within the given market through their product portfolios and revenues generated. The data thus obtained is subjected to intense analysis to narrow down on the winner.

Niju V, Deputy Director, Industrial Automation & Process Control Practice, Frost & Sullivan, South Asia and Middle East, said, "The Positive Displacement Pumps Market is growing at an impressive rate. Tushaco has emerged as the largest market shareholder riding on a wide product range, especially in the cavity and screw pumps market. Its focus on different industrial applications like oil and gas, power generation, and marine applications makes it a preferred choice for customers. The merger with Colfax has provided Tushaco the additional benefit of drawing on the engineering skills of a large pump manufacturer".

Tushaco Pumps (Colfax Corp.) leads the Indian Positive Displacement Pumps Market with a market share of over 25 percent. Colfax's acquisition of Tushaco Pumps has enhanced its pumps portfolio and manufacturing capabilities. Together with its production facility in China, Colfax is in an excellent position to promote its products and gain market share in order to serve the region from a regional base..The oil and gas, and power generation sectors have been the key customers of Positive Displacement Pumps in the country. The Indian Energy Sector has witnessed unprecedented growth in recent years. Tushaco Pumps with its expertise in pump solutions for this sector leads in the Rotary Pumps Market, particularly in the positive cavity and screw pumps segment. An extensive network of engineering service centers and distributors in India have been the hallmark of Colfax's ability in serving its customers. Tushaco Pumps' broad product portfolio of pump solutions has enabled it to achieve success in the Indian market.

About Frost and Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Services provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com

About Tushaco Pumps

Tushaco is the leading Rotary Positive Displacement Pump manufacturer in India and is a business unit of Colfax Corporation, USA. Tushaco's product range includes pumps like three screw, twin screw, progressing cavity, gear, and pumping systems. Tushaco leveraging over 42 years of experience is headquartered in Mumbai and has a ISO 9001 certified manufacturing facility at Daman. Strategically located regional offices take care of customer requirements. Our regional offices are in Chennai, Delhi, Hyderabad, Kolkata, and Mumbai. Please visit www.tushacopumps.com to know more

Contact:

Caroline Lewis
Corporate Communications, South Asia
P: +91 22 4001 3438
F: +91 22 2832 4713
E: caroline.lewis@frost.com

Nimisha Iyer
Corporate Communications – South Asia, Middle East and North Africa
P: +91 98200 50519
F: +91 22 2832 4713
E: niyer@frost.com

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