2021 Family Business Awards: Dr. Giri Agrawal, R&D Dynamics Corporation

Individual

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Category: Lifetime Achievement Award

R&D Dynamics Corporation developed foil-bearing supported systems used by all 40,000 aircraft flying today. R&D Dynamics, using aerospace technology, designs, manufactures and markets various clean-energy systems, which helps the environment, creates jobs and improves the economy.

Tell us a bit about your recent accomplishments.

The company recently developed a renewable energy high-technology product that converts waste heat into useful electricity. It is being commercialized to improve energy efficiency of fuel cell power plants and convert other waste heat into useful electricity. R&D Dynamics is working with the automotive industry to supply thousands of energy-efficient compressors for future fuel cell automobiles. Recently, it entered the hydrogen energy market to enable liquefaction of hydrogen required for fuel cells and other clean-energy systems.

Where do you see your business in the next five years?

We are growing our business in Connecticut, even with the high energy costs and difficult state policies to support small businesses. We wish to grow to become a $100-million company in the next five years and have all the necessary products to make that happen.

Industry: Aerospace Manufacturing /Energy Technology
Year Founded: 1990
Founder: Dr. Giri Agrawal
Generation Running Company: First
Full-Time Employees: 65
Part-Time Employees: 5
Family Members Employed at Company:
Gita Agrawal, IT Manager – Wife of founder;
Sunil Agrawal, Vice President – Son of founder
Company Website: www.rddynamics.com