Marshall Machines transforms into a unique R-;D and IP driven firm, files 29 Patents in India and USA; Stock ends 5% up

10 Jan 2022 , 04:56 PM

Marshall Machines has made good progress on its business strategy to transform into a unique R&D and IP driven Company.

Research & Development, Product Innovation and Creation of Intellectual Property (IP) have become the cornerstones of Marshall’s business model in the past few years. Although time-intensive in nature, this strategy has helped Marshall to differentiate itself from the conventional machine tool manufacturers.

Keeping in mind the emerging needs of Indian machine shops, especially in light of the limited and interrupted supply of skilled labour in the COVID-19 era, the Company has been relying on its three-pronged product development philosophy - Marshall Technology Trishool.

Gaurav Sarup, Managing Director said, "Marshall is extremely proud of its contributions towards furthering the standards of innovation in the Indian Machine Tool Industry. Our laser-sharp focus on product innovation has generated invaluable Intellectual Property (IP) over the years, which has accelerated in the last few years. Apart from stepping on our innovation drive, we have also intensified our efforts on IP protection and enforceability," adding, "Marshall has registered a very valuable Patent in USA - System and a Method to Enable Zero Defect Production."

"The Company will continue to work on the path of innovation and we are confident that this strategy will ensure greater success in the years to come," Sarup added.

On NSE, Marshall closed at the upper circuit of Rs43.70 per piece up by 4.9%.