Detroit Engineered Products opens third office in India
Detroit Engineered Products (DEP), a Michigan-based global engineering solutions and product development company, has opened a new office in Bangalore, India. This is DEP’s third office in India, and 8th office globally.
The new office will support clients globally, as well as serve as a training centre for MeshWorks, DEP’s proprietary CAE driven platform for rapid concept CAE and CAD model generation, meshing & morphing.
“DEP’s growth has been phenomenal the last few years, and the fact that we are starting a new office every year in the last five years is testament to that growth. We are grateful to our talented team at DEP, and the clients and partners who have contributed to this growth. We are happy to be investing in Bangalore, as there is a lot of potential here, and we are happy to have found an office in this area, which will enable us to service our clients’ needs better”, said Basant Sharma, Vice President, DEP.
The company celebrated its twentieth anniversary this month. DEP began operations in 1998 when Radhakrishnan, the company’s Founder and President, released MeshWorks. DEP MeshWorks now is running its 8th major version. Last year the company was awarded a patent for its CAD Morpher technology, that allows users to morph existing CAD data directly to new target shapes without much time & effort from design engineers.
“At our core, we have engineers who get excited with solving the most difficult of our client’s problems. We thrive on challenge, as it brings out the very best in us and gives us the chance to keep innovating and staying a step ahead,” states founder Radhakrishnan. “We started in 1998 with just 3 employees, a small room, and a vision to change the way the CAE industry did things. Fast forward twenty years, and we have 8 office locations globally, almost 500 employees and over 100 customers. I am extremely thankful to all of our customers — past and present — for whom we have proudly worked side-by-side to deliver the best. It continues to be an honour and a privilege”, he added in his 20th Anniversary message.
With an expected growth of $7.79 billion by 2022, global computer-aided engineering market is anticipated to reach $12.8 billion by 2025. Factors like increasing demand for innovation and superior quality products from across the globe, high expenditure on aerospace & defence sector, rising technological advancements and growing need for application-specific computer-aided engineering (CAE) software are propelling the CAGR for CAE market during 2017–2022.
