Mr. S.L. Advani our Founder and Chairman was a designer of steam boilers in an Indian company between 1963 and 1972. He took up the challenge of manufacturing India's first Steam Boiler and successfully designed and manufactured a steam boiler from scratch. Later, while expanding tubes in boilers, he realized that Tube Expanders were not easily available in India. He perceived this to be an opportunity :
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1972 - 1980
Hence, POWERMASTER was born in 1972 with Tube Expanders as its only product. The initial years were filled with struggle with long periods of time where there was not enough money to take home a salary. The founder persevered and the company grew, slowly but steadily.
1980 - 1984
By the year 1980, Powermaster had expanded into Tube Cleaning equipment for boilers and pans in Sugar Mills. With over four hundred sugar mills in India, and since most Boiler Tube Cleaners were imported from the U.K., the Founder sensed the opportunity. "Today, fortunately we export our tools to some of the same manufacturers who exported similar tools to India twenty years ago".
1984 - 1990
In 1984, the Indian automotive industry started showing the first signs of liberalizing. This threw up new opportunities and Powermaster looked to broaden its product offerings. Keeping in mind the founding principles of whether Powermaster could add value to its potential customers, Powermaster designed and started selling a line of Spring Balancers used to effortlessly suspend loads. These found application in the fast growing automobile industry. Our automotive customers lead Powermaster engineers to develop other products that they needed like Impact Sockets, Torque Wrenches and Multipliers. This lead to the birth of our Third and probably the most important division – the Bolting Product line.
1990 - 2000
In the early nineties, Powermaster had established itself as the premier company in India for its products with the majority of market share. It was time to look outward and dream bigger. Mr. Dinesh Advani was a student in the US and his father asked him to explore whether there was an opportunity to sell Powermaster products in the USA. What followed was a revelation – similar products made in the USA were selling at 6 to 10 times the price of what Powermaster sold them for in India. This was a huge opportunity !
The 1990’s were a decade of filling the gaps in the Tube Tool product line, spending long periods of time establishing distribution worldwide and growing the Tube Tool division into the largest producer of these products in the world. All along, Powermaster did not loose focus on cost and was able to convert thousands of customers worldwide into using its products as Powermaster was able to save them a lot of money compared to their previous suppliers. Most customers of Powermaster today are repeat customers and have been so for more than a decade.