Dr. Vikram Mehta: An Innovative Leader Pioneering Cutting-Edge Construction Equipment
The construction industry is a key driver of the Indian economy. The construction business in India is developing as a result of ongoing urbanization, impending infrastructural projects, and a growing population base. It is the thirdlargest contributor to economic growth, with significant opportunities prevailing ahead as well. On the other hand, exponentially growing public sector projects are a big boost to the burgeoning Indian construction industry. With various reforms being adopted, the Indian construction sector has seen both disruptions and optimism in the recent past. In addition, the rapidly growing technology is reshaping the way the construction industry operates and is managed in India, and hence it is also one of the major drivers of the industry.What prompted you to enter the construction technology industry?
My drive for innovation and bringing a paradigm change to the construction business by introducing mechanized solutions drove me to enter into the manufacturing of Construction Equipment. In 2005, I started working for my father's company. Later, I evolved my father's engineering firm into Spartan Engineering Industries, a manufacturer of construction equipment. I started the company by making bar cutting and bar bending machines, then moved on to bigger and heavier machinery including Tower Cranes, Passenger & Material Hoists, and Rope Suspended Platforms.
Spartan now has full-fledged Sales and Service teams in 16 locations across India, as well as a state-of-the-art manufacturing plant in Atgaon, Mumbai and Thane.
Tell us about your association with Spartan. What is the unique proposition you provide to your customers?
I was responsible for bringing one of the most advanced, safe, and
innovative hoists, multifunctional material hoists to India, and establishing Spartan as a wellknown brand in the field of hoists. And accomplished in propelling Spartan to the top of the Construction Equipment Manufacturing Industry. Along with retaining a solid market share, later established a brand that has reached many milestones.
What were the difficulties posed by the pandemic? How would you describe your involvement in addressing such challenges?
This pandemic has taught us a lot of things and has also had an impact on how business is conducted. Spartan's key mission throughout the pandemic was to be with consumers, understand and empathize with their problems, and handle the situation with courage and patience. Spartan's whole team was in contact with all of the company's nationwide customers, ensuring that all deliveries were made on time and that service was offered at all locations wherever possible. During the pandemic, customers' trust in Spartan grew exponentially, and Spartan was able to accomplish some record business.
With over 17 years of experience in this field, how do you plan to push Spartan to new heights?
Spartan's primary goal is to improve productivity, speed, and safety in the construction and infrastructure industries by providing advanced mechanized solutions that save customers money, time, and effort. We envision ourselves achieving this with a mission of being a leading Indian MNC by establishing in 25 countries and focusing on innovation and trust. This is how we envision ourselves becoming a Rs. 500 crore Diversified Group with a 10 percentage Net Profit by 2026.
What changes in market behavior do you expect to see in the near future? What are your longterm objectives as the company's Director?
The Construction Industry will only increase from here on out. All efforts that were halted owing to the pandemic have already resumed.
My advice to the emerging leaders is to be patient, persistent, and to have faith in the Indian economy and construction industry scenario
What were the difficulties posed by the pandemic? How would you describe your involvement in addressing such challenges?
This pandemic has taught us a lot of things and has also had an impact on how business is conducted. Spartan's key mission throughout the pandemic was to be with consumers, understand and empathize with their problems, and handle the situation with courage and patience. Spartan's whole team was in contact with all of the company's nationwide customers, ensuring that all deliveries were made on time and that service was offered at all locations wherever possible. During the pandemic, customers' trust in Spartan grew exponentially, and Spartan was able to accomplish some record business.
With over 17 years of experience in this field, how do you plan to push Spartan to new heights?
Spartan's primary goal is to improve productivity, speed, and safety in the construction and infrastructure industries by providing advanced mechanized solutions that save customers money, time, and effort. We envision ourselves achieving this with a mission of being a leading Indian MNC by establishing in 25 countries and focusing on innovation and trust. This is how we envision ourselves becoming a Rs. 500 crore Diversified Group with a 10 percentage Net Profit by 2026.
What changes in market behavior do you expect to see in the near future? What are your longterm objectives as the company's Director?
The Construction Industry will only increase from here on out. All efforts that were halted owing to the pandemic have already resumed.
According to discussions with important government officials and boards, a slew of infrastructural and real estate projects are in the works. Spartan is prepared to seize these possibilities and will experience consistent growth and leadership in the Construction Equipment market. We intend to direct Global Operations from 3,500 sq. ft. Luxurious Corporate Office in a Prestigious Commercial Hub. Spartan will improve its global infrastructure by opening three offices in Dubai, Brazil, and Colombo. Spartan will have a leading market share in ten nations. Spartan will be India's largest manufacturer in Rack & Pinion Hoist Sales, Rental, and Refurbishment.
What advice would you give to emerging leaders in this industry based on your extensive experience?
My advice to the emerging leaders is to be patient, persistent, and to have faith in the Indian economy and construction industry scenario. India is already on its way to becoming the world's fastest expanding economy, and the construction industry will benefit greatly as a result.
Dr. Vikram Mehta, MDSpartan Engineering Industries
Dr. Vikram is a dynamic and passionate second generation entrepreneur. He is a Wharton University alumnus who earned his MBA from SP Jain and his bachelor's degree in production engineering from Father Agnel, a prestigious Mumbai college. Dr.Vikram has also been awarded an'Honorary Doctorate in Construction Industry' by Colombo University.
Awards & Recognition:
•Honorary Doctorate in Construction Industry' by Colombo University.
•Glory of India Award for young Entrepreneur'.
•Bharat Vibhushan Samman Puraskar' from Global Achievers Foundation.
•Jewel of India' Award for outstanding achievements by International Institute of Education & Management
•Golden Citizen of India' Award for outstanding achievements by National & International Compendium.
•Bharat Vibhushan Samman Puraskar'
•Great Entrepreneur of India Award' by Indian Organization for Commerce & Industry, Delhi.
•Jewel of India Award' for Outstanding Achievements by IIEM.
What advice would you give to emerging leaders in this industry based on your extensive experience?
My advice to the emerging leaders is to be patient, persistent, and to have faith in the Indian economy and construction industry scenario. India is already on its way to becoming the world's fastest expanding economy, and the construction industry will benefit greatly as a result.
Dr. Vikram Mehta, MDSpartan Engineering Industries
Dr. Vikram is a dynamic and passionate second generation entrepreneur. He is a Wharton University alumnus who earned his MBA from SP Jain and his bachelor's degree in production engineering from Father Agnel, a prestigious Mumbai college. Dr.Vikram has also been awarded an'Honorary Doctorate in Construction Industry' by Colombo University.
Awards & Recognition:
•Honorary Doctorate in Construction Industry' by Colombo University.
•Glory of India Award for young Entrepreneur'.
•Bharat Vibhushan Samman Puraskar' from Global Achievers Foundation.
•Jewel of India' Award for outstanding achievements by International Institute of Education & Management
•Golden Citizen of India' Award for outstanding achievements by National & International Compendium.
•Bharat Vibhushan Samman Puraskar'
•Great Entrepreneur of India Award' by Indian Organization for Commerce & Industry, Delhi.
•Jewel of India Award' for Outstanding Achievements by IIEM.