Page 33 - The 20 Most Promising CEOs in Business Industry 2019

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Along with the current portfolio, Spartan will be dealing in
products like Light Construction Machineries, Compaction
Machineries, Hand Power Tools, and Concrete Machinery
Spartan was founded in the year 1941 by Mr
Mahendra Mehta. In 2005, lot of development started
in Construction & Infrastructure industry and there
was an entry of second generation entrepreneur, young
Dr Vikram Mehta into the business. The construction
equipment business was in good demand and
mechanisation was the need of the hour. Considering
Spartan’s rich engineering experience and capability,
it started dealing in Bar Bending & Bar Cutting
machines. Thus the success journey started. With the
learning from industries and close understanding of
construction and infrastructure industries requirements
we have a clear vision and a strategic action plan to
realize the vision. Today more than 4000 customers
support us is inspiring to take forward a big picture
of strategic plan to contribute to the growth of
construction and infrastructure. We are working on for
a joint and technological ventures for new products.
Also make in India brand image taking forward in
global market.
All about next step
Spartan is heading towards expansion in product
portfolio. Along with the current portfolio, Spartan
will be dealing in products like Light Construction
Machineries, Compaction Machineries, Hand Power
Tools, and Concrete Machinery etc. This would be a
new vertical of business parallel to our current Man &
Material Handling equipments.
We would also be penetrating deeper in Tier 2 and
Tier 3 cities through our Retail Network- Equistore.
Equistore will be an exclusive construction equipment
store, which would display and sell various products
like the one’s mentioned above. These two initiatives
would give us an edge to a basket of construction
equipment and add to our top end.
The Current Scenario
# Construction and infrastructure industries is 2nd
largest industry after agricultural and accounts 11%
GDP contribution.
# India will become the world’s 3rd largest
construction market by 2025.
│ September 2019
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# USD 650 billion investments in urban infrastructure
estimated over next 20 years.
# The construction sector stood at USD 140 billion.
It is estimated to register, a growth rate of 4.3% in
2018-19 as compared to 2.3% in 2017-18.
# Government pushing the growth by launching
a new urban development mission to help for
developing 500 cities.
# Favourable valuation make the sector & attractive
opportunity Only 24 % of national highways network
in India is four line, there is immense scope for
improvement.
# Government Policies like Initiative like housing
for all and smart city mission will direct the growth
of sector and 100 % FDI is permitted through the
automatic root in sector.
# Especially SME and MSME sectors looking
towards governments for their policy decisions
lowering GST rates for construction Industry
machinery and lowering bank credit loan interest
rates for strengthen and promote entrepreneurs of
small and medium scale industry, thereby increase
employment opportunities.
The Journey towards Flourishing Future
I have taken responsibility as CEO of Spartan on
January 2018. With a deep “SWOT” analysis of
the organisation Myself and Dr. Vikram Mehta
released a big picture of strategic plan to position the
organisation as per vision in two strategic plans. First
strategic plan is to triple the turn over by 2023 along
with detailed action plan to increase product basket,
JV, TV and Trading activities. We have improved our
production, efficiency by 25% and Sales improved by
27%. Further 40% growth plan moving on for current
FY. We are commited for Operations Excellence
program involving all employees to hone skills and
knowledge. The culture of collaboration and team
work with the transparency taking the way forward
with positive results to triple the turnover by 2023
with great reputation of market.
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