Outstanding Category

Gaurav Rungta

Joint Managing Director

During his initial years in the company, the turnover was less than RS.50.0 crores but with his dynamic leadership, positive frame of mind, heavy dependence on team work, he has progressively increasing the turnover to RS. 237, 05, 96, 464 In 2014-2015 and has an expected turnover of RS.250 crores in 2015-16.

  • MĀN Structurals Pvt. Ltd.
  • Electrical & Electronics
  • Near Railway Loco Colony,
    Behind Ram Nandir, Bani Park,
    302006, Jaipur
  • 91 141 2222220
  • www.manstructurals.com

Mr. Gaurav Rungta is an award winning entrepreneur with a very positive attitude. He is a person with a never-say-die attitude and is always focused on the targets and goals to be achieved. Very patient, considerate, altruistic and appreciative of problems faced by employees are traits he has imbibed on the account of association with international organisations like the Young Presidents Organisation (YPO), Entrepreneurs Organisation (EO), TiE and others. These qualities have catapulted MĀN Structurals Pvt. Ltd. to a promising, reliable manufacturer and supplier of power transmission towers, space structures, solar structures and EPC activities.

Some of the awards received are such as Recipient of “Rashtriya Udyog Ratna Award” from National Education and Human Resources Development Organisation; MSPL was adjudicated one of the top 500 Indian manufacturing SMBs by Industry’s Conclave – 2008; MSPL has been enrolled as part of the Dun & Bradstreet Global Database (31st March, 2008 by NSIC); MSPL has been acclaimed as Most Valued customer by ICICI Bank; Recipient of “Small and Medium Entrepreneurs Award” in the year 2010 presented by Yes Bank and Business Today for “Corporate Social Responsibility” ; and, accredited as an ISO 9001:2008 company.

Mr. Gaurav Rungta inherited the transmission line manufacturing facility from his family. He has been instrumental in modernising the manufacturing process in view of sectorial and growth requirement diversification into sunrise segments covering Solar Structures, Engineering Procurements and Constructions (EPC) segment on the other hand.

Background

Born to a Marwadi family in 1977, he is a 4th generation entrepreneur, graduate in Commerce and has acquired deep knowledge in computer and IT-driven monitoring system. Born with a silver spoon in his mouth, he has always attempted to convert the silver into gold. To accumulate marketing and trading knowledge he started a firm called Ridhi Sidhi Exports and became the pioneer Indian Company to open a trading office in China way back in 2000 and always desiring to attain top line of Rs.1000 crores.

As an entrepreneur

As an entrepreneur, he provides dynamic leadership and is responsible for the complete gamut of production which has made the company a premier institute for supply of transmission line towers nationwide, catering to major requirements of such power structures in Rajasthan.

Live an altruistic life

Achievements of Company

In view of the burgeoning demand for transmission line towers for the evacuation of power, MSPL modernised its manufacturing facility by installing CNC machines for various operations and promoted ancillary development to foster employment opportunities enhancing production at competitive cost. The company uses advanced software for ERP, shop sketches (BOCADE software), production and monitoring and has raised its installed capacity from 12,000 MT per annum to 66,000 MT per annum.

With a passion for green energy, he boldly forayed into setting up of a 320 KW roof top solar plant for captive consumption in MSPL which is also the largest roof top solar power plant in Rajasthan catering to 30% of the day-time requirements of MSPL.

During his initial years in the company, the turnover was less than Rs.50.0 crores but with his dynamic leadership, positive frame of mind, heavy dependence on team work, he has progressively increasing the turnover to Rs. 237, 05, 96, 464 in 2014-2015 and has an expected turnover of Rs.250 crores in 2015-16. The company employees approximately 500 staff in total with offices in Mumbai, Allahabad and soon, in Madhya Pradesh with a registered office at Jaipur, Rajasthan.

The company exports products to countries like Nicaragua, Ghana, Syria, Iran, UAE, Tanzania, Oman, Nepal, Bhutan, Bangladesh, Sri Lanka, Malaysia and the Philippines. In the last few years, the company has exported its products specifically to Bahwan Engg. Company, LLC, Oman; Golden International Est LLC, Oman; and, Ray International LLC Oman, and has a strategic alliance with Tatas, Isolux, a Spanish company and other renowned companies for supply of transmission line towers.

The cardinal principle in the working of the entrepreneur is maintenance of extremely cordial relations with management, staff and workers. Spiritual programmes, seminars, training sessions are organised by the company for uplifting and overall development of the workman and staff. Proudly, MSPL has been awarded the “Quality Brand India 2012-14 Award”. The entrepreneur takes Corporate Social Responsibility seriously and also runs a school and college in their native village Bagad at no charge for poor students. He has received the best SME for CSR by Yes Bank and India Today in 2011.

The Entrepreneur is sensitive about the environment and has set up a 320 kW captive solar power unit in the factory. The entrepreneur is very religious, ready to provide any assistance, and believes in cordial relations with people at all levels. This entrepreneur has also volunteered to provide ‘Mid-Day Meals’ to schools, supports free education to tribal children through ‘Friends of Tribal Society’ and has a profound love for physical activities especially cricket.

Future Hopes

This entrepreneur is committed to provide quality products that meet or exceed customer’s requirement as he stresses: “Loyal customers are made not born.”. He has a vision of providing quality products in the transmission line sector as well as in the solar area with a deep desire for embarking upon the EPC (Engineering, Procurement & Construction) progressively to attain a turnover of Rs.120-150 crores in this segment. He also has a desire of attaining a turnover of Rs.500 crores in short terms (3 years) and Rs.1000 crores in 5 years. He is extremely keen to set-up a mega watt power project in Rajasthan where solar insulation levels are satisfactory and undertake his commitments towards green energy.

  • Started his first trading unit under the name and style “Ridhi Sidhi Exports” for international trading. The office was established in China.
  • Ventured to his family business MAN Structurals Pvt. Ltd. and undertook modernisation by introducing state-of-art CNC machines, latest IT techniques, and activity diversification.
  • Joined organisations like Young Presidents Organisation (YPO), Entrepreneur Organisation (EO), TiE Rajasthan where he could interact with moguls of business and sharpen his skills