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TEMA India Ltd., founded in 1984 in Mumbai, manufactures shell and tube heat exchangers and pressure vessels.
Founded in 1984 and headquartered in Mumbai, India, TEMA India Ltd. designs and manufactures process equipment, mainly shell and tube heat exchangers and pressure vessels, for oil and gas, petrochemical and power industries. About 80% of its revenue in the most recent year came from exports, mostly from project-based bulk equipment contracts with large industrial clients. Haresh Sippy is founder and CEO. TATA Capital Private Equity exited its stake.
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