Capximize is a venture of a reputed entrepreneurial Indian group, backed by a professional leadership team. Our team is passionate about transforming the manufacturing landscape by making industries utilize their assets better. In India alone, surplus capacity results in the loss of $175 billion p.a. annually of manufacturing opportunity without creating new facilities.
We want to truly say “Capximize – Tech Enabled on-demand Manufacturing partner”
In a short time, we have acquired thousands of members with hundreds more being added every week. The net turnover of companies currently registered on Capximize exceeds INR 600 billion (INR 60,000 crores).
Capximize started with the coming together of three minds passionate about contributing to the growth of the manufacturing sector viz. Siddharth Mehra, Avinash Bapat and Uday Maydeo.
In 2020, we conducted a study of the domestic manufacturing companies, which were mainly B2B manufacturing companies, who outsource Industrial capacity or the third party manufacturing companies or, in a specific terminology, the “Co-manufacturing” companies, to identify the sectors which can benefit the most from capacity collaboration between organisations with surplus manufacturing capacities and organisations seeking capacity collaboration. We commissioned comprehensive studies by industry experts for each of the above sectors. We studied the manufacturing processes followed in each sector and sub-sector and arrived at the data points that needed to be gathered to enable capacity collaboration. The sector and sub-sector companies were mainly involved in to, industrial component manufacturers, auto component manufacturers, textile manufacturing, Electronic and Electrical manufacturers, Pharma manufacturing and the chemical manufacturing companies.
Currently, the Capximize portal collects 3,300+ data points provided by our members.
Based on the findings, a management team was put in place. The development of the backend platform inclusive of the recommender algorithms and the UI/UX was done. A US based technology firm was engaged to design the UI/UX and a proprietary algorithm. Offices were put in place in multiple cities. Alliances and marketing events were rolled out.
Being a Tech Enabled on-demand Manufacturing partner, most of the process will be online.
Now, Capximize India Private Limited has been recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Startup India Scheme.