Mumbai, July 17, 2025 — Quest Flow Controls Limited (formerly known as Meson Valves India Limited) has achieved a key milestone in its strategic growth trajectory, announcing a prestigious ₹19.89 crore order from Bharat Heavy Electricals Limited – Electronics Systems Division (BHEL ESD), Bangalore. This critical project involves the supply of remote-control valves for the Naval Integrated Platform Management System (IPMS) – a sophisticated system deployed on Indian Navy vessels.

This is Quest Flow Controls’ first collaboration with BHEL ESD and marks its entry into a high-stakes defence partnership, reflecting growing recognition of its capabilities in mission-critical engineering.

What the Order Entails

The ₹19.89 crore order focuses on the supply of remote-control valves engineered for the IPMS, an advanced control system that integrates various onboard systems such as:

• Propulsion

• Electrical power management

• Damage control

• Auxiliary systems

These systems play a vital role in improving operational efficiency, real-time situational awareness, and enhanced onboard safety for the Indian Navy. The IPMS is a pivotal component of modern naval architecture, automating and centralizing multiple shipboard functions.

How Quest Secured the Order

In a fiercely competitive environment, Quest Flow Controls stood out due to its:

• Technological innovation

• Product quality

• Track record in engineering excellence

The company’s bid met BHEL’s stringent technical and quality requirements, which was a decisive factor in the contract award. This win demonstrates Quest's ability to deliver customised, high-performance valve solutions that adhere to the rigorous standards of defence applications.

Significance of the Deal

According to Mr. Kishor Makvan, CEO of Quest Flow Controls:

“We are proud to announce this landmark order from BHEL ESD, Bangalore, our first engagement with one of India’s most prestigious public sector units. Securing this order for remote-control valves for the Naval Integrated Platform Management System underscores the trust placed in Quest Flow Controls’ engineering capabilities and product quality.”

This win is more than just a commercial contract. It is a strategic validation of Quest’s efforts to position itself as a preferred partner in India’s defence and marine sectors. It also opens avenues for future export opportunities, placing the company on a global roadmap for defence-grade marine automation systems.

Company Overview: A Journey from MESON to Quest

Founded in 2016, Quest Flow Controls was formerly known as Meson Valves India Limited (MESON). Over time, the company has evolved into a versatile, ISO 9001 certified player in the high-quality valve manufacturing industry, with a footprint across the following sectors:

• Defence

• Marine

• Industrial

• Oil & Gas

• Power

Their product suite includes automated and remote-control valves in various metallurgies, all engineered to meet the specific needs of critical applications. With a presence in India and overseas markets, the company boasts a team of experienced engineers who offer tailored automation systems, enabling it to cater to diverse operational environments.

Financial Highlights (FY25)

Quest Flow Controls Limited reported:

• Total Income: ₹67.94 crore

• EBITDA: ₹13.20 crore

• Profit After Tax (PAT): ₹6.85 crore

This robust financial performance reflects steady operational efficiency, strategic order wins, and growing market penetration in both public and private sector projects.

Subsidiary Spotlight: H2O Dynamics Ltd

Quest Flow Controls’ wholly owned subsidiary, H2O Dynamics Ltd, operates independently and is focused on wastewater management solutions. This subsidiary is expected to play a significant role in India’s urban infrastructure development, particularly in smart cities and public sanitation.

Listed Entity and Corporate Governance

Quest Flow Controls is listed on the BSE SME platform (Code: 543982). The company continues to maintain a high standard of corporate governance, with disclosures and financial transparency as per SEBI regulations.

The press release filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also assures that there are no forward-looking guarantees and any speculative interpretations should be made with caution.

What This Means for India’s Defence Manufacturing

The IPMS order from BHEL signifies more than just a transaction—it’s an endorsement of indigenous innovation, aligning with India's ‘Atmanirbhar Bharat’ (Self-Reliant India) mission.

As India continues to invest in strengthening its naval defence capabilities, companies like Quest Flow Controls are expected to become critical stakeholders in supporting the Government’s defence indigenisation efforts.

Outlook

With this successful order and an expanding portfolio, Quest Flow Controls is poised for accelerated growth in the coming quarters. Its demonstrated technical prowess, sectoral versatility, and strong financial base make it a company to watch in the defence and infrastructure sectors.

The management’s emphasis on quality assurance, strategic partnerships, and customer-centric innovation signals a clear long-term vision to become a global marine and industrial valve leader.

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