Based out of Chennai, Detect Technologies is an asset integrity monitoring platform covering pipelines and plant equipment, catering to the energy, infrastructure and process industry sectors. The company is the result of a long-running research effort at the Centre for Non-Destructive Evaluation (CNDE) at IIT-Madras, one of the foremost NDT labs in Asia.
Investment Rationale
Corrosion is one of the most intractable problems faced in industry, and those with a penchant for gallows humour refer to it as being as inevitable as death and taxes. The cost of corrosion is far beyond financial (the lowest estimates put this at hundreds of billions of dollars globally) — accidents caused by corrosion can lead to huge safety concerns, costs and hazard to life and property. Just one failed pipeline or bridge collapse is enough to spark massive public outcry, and rightly so.
