X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
“The key growth driver for us in next five years will be health care equipment business…” - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Nov 24, 2003

    “The key growth driver for us in next five years will be health care equipment business…”

    Mr. H. G. Gelis, who joined Siemens Corporation as a trainee, has received a degree in electrical engineering in Germany and in business administration in the United States. After being with Siemens for 27 years, in November 2000, Mr. Gelis became Executive Director of Siemens Limited India. Prior to his new assignment as a member of the managing board of directors and CFO at Siemens Ltd in India, Mr. Gelis was also the Vice President of Internal Audit and Business Consulting of Siemens ICN in U.S.A.

    He undertook a number of development and business assignments for the Telecommunication group of Siemens AG in Germany. He worked on large assignments in Argentina, Brazil, former Soviet Republics and Turkey.

    In an interview with Equitymaster, Mr. H.G. Gelis talks about the different businesses of Siemens and also speaks about the future focus areas.

    EQTM: What is your view about the Indian economy at the current juncture?

    Mr. Gelis:  India has the highest application for investments at this point over all. We can see larger infrastructure projects coming. Therefore it’s not only new upcoming sectors like IT and automation, but there are opportunities to grow in other sectors as well. We have a long way to go in power, as there is a huge gap in demand and supply of power. India is the one country where the demand-supply gap of power is largest. We have opportunities in telecom and other areas too.

    EQTM: What do you think will be the key growth driver for Siemens? Will it be power, automation, healthcare equipments or communication etc?

    Mr. Gelis:  Unlike other engineering companies, we are not only power generation equipment company. We have a wide portfolio of products and we are in position of taking advantage of growth in all other sectors. I think the key growth driver for us in next five years will be health care equipment business. We have made investments in our medical business and we are sure of generating returns in coming years. Apart from that, IT will be the next key growth area and we expect to grow at a rate of 18% for next two to three years.

    EQTM: Talking about Electricity Act 2003, how do you think will it benefit an engineering company like Siemens?

    Mr. Gelis:  In power, our company is into all areas, whether it is generation or transmission or distribution. So that ways, we can provide whatever a customer wants. In last two years, we have seen growth in T&D segment. To the best of my knowledge, there is no other country where power demand is as huge as it is in India. But the problem starts when the guy who wants to invest money is not sure of returns. So larger projects are not yet coming. Though the environment seems to be much promising, nothing seems to be happening in short term, say next 12 months. However, we as supplier of power equipments are ready.

    EQTM: Communication forms around 25% of Siemens AG revenues, whereas in India, revenues from this segment are on lower side. Would you like to share some of your plans for this segment?

    Mr. Gelis:  Telecommunication has two segment viz. private telecommunication and public telecommunication. In public sector communication, we have wireline and wireless systems. Siemens operates through one of its daughter company, with revenues of over Rs 4 bn. In private communication, Siemens is not a prominent player in India due to low cost supplies from the grey market. But we have done some investments and in two to three years time, we expect Siemens to be one of the top three players.

    EQTM: Apart from work where do you spend your time? And who is you role model?

    Mr. Gelis:  I like to spend my spare time with my family. Well I like visionary people. Those who have a desire to reach somewhere at the end of day like the founder of our company Mr Von Siemens. Siemens came to India 155 years back and we are still here. Now apart from Germany, other big markets for us are US, China and India. We plan to grow our volumes very fast and hope to grow at faster rate than Siemens China.

     

     

    Equitymaster requests your view! Post a comment on "“The key growth driver for us in next five years will be health care equipment business…”". Click here!

      
     

    More Views on News

    BHEL: Margins Dip into the Negative (Quarterly Results Update - Detailed)

    Aug 14, 2017

    The company also saw order inflows of Rs 18 billion during the quarter, which was a massive 41% YoY lower than the previous year's quarter.

    Cummins Ltd: Domestic Revenues the Saving Grace (Quarterly Results Update - Detailed)

    Aug 14, 2017

    The domestic economy continues to grow largely in areas which are positively impacted through continuing government investments in infrastructure.

    ABB: Large Orders Remain Muted (Quarterly Results Update - Detailed)

    Aug 2, 2017

    Decisions on government initiatives and private investments were stalled in anticipation of upcoming tax restructure.

    L&T: Amidst a Challenging Business Environment (Quarterly Results Update - Detailed)

    Aug 1, 2017

    Bank credit to industry remained muted and investment momentum was driven mostly by public sector spending.

    L&T: Private Sector Capex Remains in a Tizzy (Quarterly Results Update - Detailed)

    Jul 24, 2017

    Vast majority of private players remain more concerned with debt payback rather than starting new projects.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    SIEMENS SHARE PRICE


    Aug 18, 2017 (Close)

    TRACK SIEMENS

    • Track your investment in SIEMENS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks

    SIEMENS 8-QTR ANALYSIS

    Detailed Quarterly Results With Charts

    COMPARE SIEMENS WITH

    MARKET STATS