 Jain invested nearly ₹100 crores in purchase of new machines and had projected business of ₹1600 crores but this target was never achieved and as a result, company incurred loss.On the 28th of September 2016, the Government of India announced the privatization of Bharat Pumps & Compressors.On 17 April 2018 the Government of India issued an Expression of Interest for a 100% stake in Bharat Pumps & Compressors.