Aditya Pittie
Managing Director
Aditya is an entrepreneur, angel investor & mentor with additional interests in social impact innovation and public policy. He is the owner of the Pittie Enterprises Group, a diversified conglomerate.
Aditya Pittie, Managing Director at PYN Autocomp, engages in an exclusive interview with CEOInsights, wherein he elucidates more about his professional traits and PYN Autocomp.
Could you give a brief account of your professional background and experiences?
I am an entrepreneur, angel investor, and mentor with an additional focus on social impact innovation and public policy. I am the founder and CEO of the Pittie Enterprises Group, a multi faceted conglomerate with interests in precision automotive and aerospace component manufacturing, solar photovoltaic and thermal energy solutions, Fintech, real estate, and angel investment.
I am a scion of the notable Pittie family, founders of The Raja Bahadur Motilal Poona Mills in 1893. I graduated first in my class from the University of Michigan, Ann Arbor, with a Bachelor of Science in Engineering degree (Summa Cum Laude) in Materials Science and Engineering. I also have a Master of Science (S.M.) in Management and Technology from the Massachusetts Institute of Technology. In addition, I completed the Global Senior Management Program at INSEAD in France.
I am a Regional Ambassador for the MIT Alumni Association and a member of the MIT South Asia Alumni Association's board of
directors. I'm a member of the University of Michigan Engineering Alumni Board and a founding member of the University of Michigan India Alumni Association (UMIAA). I serve as a mentor for the Government of India's Atal Innovation Mission, the Atal Incubation Centre - Rambhau Mhalgi Prabhodhini, the Atal Incubation Centre Pinnacle, India Accelerator, and formerly the MIT Martin Trust Center. In addition, I served as President of the Entrepreneurs' Organization(EO).
How would you define PYN Autocomp as an organization and its position in the market?
PYN is an automotive and engineering component precision machining and manufacturing company situated in Pune, India. Customers of PYN include Carraro, American Axle, Daimler India Commercial Vehicles, Neosym, Mahindra CIE, Forbes Marshall Group, Wipro, Dana India, Oerlikon Fairfield, and others.
Our main competencies include precision component manufacture and machining and novel product/component development with the highest quality requirements. BSI has certified our IATF 16949:2016 Quality Management System. We have a lengthy history of supplying essential line items to our clients with zero rejection(PPM). This is accomplished by keeping internal machining standards at half tolerance on all parameters, resulting in excellent process capability. Another major asset is our complete engineering and product development expertise, which allows us to rapidly develop new components, establish dependable production processes, and timely delivery with reduced time and cost to our clients. We are client oriented and can anticipate customer needs, backed by our cutting-edge production capabilities and world-class technology.
Elaborate about the technology framework built within the company's solutions and which are the latest technology trends that the company is planning to adopt.
We consistently observe and apply Japanese quality standards and processes and are guided by the Toyota Production System. I had the wonderful chance to study with Prof. Jeffrey Liker, author of the book The Toyota Way), and I support and adhere to the rules outlined in it. We also have an early adopter mindset, and despite our medium scale, we are constantly innovating and eager to try new technologies and methodologies. This has aided us and allowed us to excel in our technical and quality standards to match the most stringent criteria of our demanding global customers. We are already implementing the following technologies: Industry 4.0, IoT, online monitoring of Over all
How would you define PYN Autocomp as an organization and its position in the market?
PYN is an automotive and engineering component precision machining and manufacturing company situated in Pune, India. Customers of PYN include Carraro, American Axle, Daimler India Commercial Vehicles, Neosym, Mahindra CIE, Forbes Marshall Group, Wipro, Dana India, Oerlikon Fairfield, and others.
Our main competencies include precision component manufacture and machining and novel product/component development with the highest quality requirements. BSI has certified our IATF 16949:2016 Quality Management System. We have a lengthy history of supplying essential line items to our clients with zero rejection(PPM). This is accomplished by keeping internal machining standards at half tolerance on all parameters, resulting in excellent process capability. Another major asset is our complete engineering and product development expertise, which allows us to rapidly develop new components, establish dependable production processes, and timely delivery with reduced time and cost to our clients. We are client oriented and can anticipate customer needs, backed by our cutting-edge production capabilities and world-class technology.
Elaborate about the technology framework built within the company's solutions and which are the latest technology trends that the company is planning to adopt.
We consistently observe and apply Japanese quality standards and processes and are guided by the Toyota Production System. I had the wonderful chance to study with Prof. Jeffrey Liker, author of the book The Toyota Way), and I support and adhere to the rules outlined in it. We also have an early adopter mindset, and despite our medium scale, we are constantly innovating and eager to try new technologies and methodologies. This has aided us and allowed us to excel in our technical and quality standards to match the most stringent criteria of our demanding global customers. We are already implementing the following technologies: Industry 4.0, IoT, online monitoring of Over all
Equipment Efficiency (OEE), Statistical Process Control (SPC), Process Capability (Cp/Cpk) and AI Image Processing.
Tell us about your leadership approach, and the guidelines or methodologies you follow to lead your team.
I believe in team empowerment and delegation, as well as allowing them to develop a sense of ownership and account ability. It is critical to be aware of the nuances without becoming absorbed in them. Data and analytics are essential for monitoring and making informed decisions.
Quoting W. Edwards Deming:"In God we trust. All others must bring data."
Setting and evaluating goals and monitoring progress is also vital for keeping the team on track.
I'll share two of my favorite Peter Drucker quotes: "If you can't measure it, you can't improve it" and "Management is doing things right; leadership is doing the right things."
Going forward, what are the changes in market behavior that you anticipate, and what are the opportunities that you foresee?
Manufacturing will need to be more agile, nimble, and flexible as VUCA increases. Companies must also focus on financial stability by keeping overheads and leverage low. As a result, organizations with flexible manufacturing techniques and the ability to swiftly develop new components stand to gain and capitalize
on new market opportunities. There are also new opportunities for precision component manufacturers in EVs, defense and aerospace, as well as benefits from the Government of India's Make-in-India, Atmanirbharta, and PLI programs.
Aditya Pittie, Managing Director PYN Autocomp
Aditya is an entrepreneur, angel investor & mentor with additional interests in social impact innovation and public policy. He is the owner of the Pittie Enterprises Group – a diversified conglomerate with interests in precision automotive and aerospace component manufacturing, solar photovoltaic and solar thermal energy solutions, Fintech, realestate, and angel investing.
Aditya is a Regional Ambassador for the MIT Alumni Association and a board member of the MIT South Asia Alumni Association. He is also a founder member of the University of Michigan India Alumni Association (UMIAA), and a member of the University of Michigan Engineering Alumni Board. Aditya is a mentor for the Atal Innovation Mission, the Government of India, and the past President of the Entrepreneurs' Organization (EO).
Tell us about your leadership approach, and the guidelines or methodologies you follow to lead your team.
I believe in team empowerment and delegation, as well as allowing them to develop a sense of ownership and account ability. It is critical to be aware of the nuances without becoming absorbed in them. Data and analytics are essential for monitoring and making informed decisions.
Quoting W. Edwards Deming:"In God we trust. All others must bring data."
Setting and evaluating goals and monitoring progress is also vital for keeping the team on track.
I'll share two of my favorite Peter Drucker quotes: "If you can't measure it, you can't improve it" and "Management is doing things right; leadership is doing the right things."
Going forward, what are the changes in market behavior that you anticipate, and what are the opportunities that you foresee?
Manufacturing will need to be more agile, nimble, and flexible as VUCA increases. Companies must also focus on financial stability by keeping overheads and leverage low. As a result, organizations with flexible manufacturing techniques and the ability to swiftly develop new components stand to gain and capitalize
on new market opportunities. There are also new opportunities for precision component manufacturers in EVs, defense and aerospace, as well as benefits from the Government of India's Make-in-India, Atmanirbharta, and PLI programs.
Aditya Pittie, Managing Director PYN Autocomp
Aditya is an entrepreneur, angel investor & mentor with additional interests in social impact innovation and public policy. He is the owner of the Pittie Enterprises Group – a diversified conglomerate with interests in precision automotive and aerospace component manufacturing, solar photovoltaic and solar thermal energy solutions, Fintech, realestate, and angel investing.
Aditya is a Regional Ambassador for the MIT Alumni Association and a board member of the MIT South Asia Alumni Association. He is also a founder member of the University of Michigan India Alumni Association (UMIAA), and a member of the University of Michigan Engineering Alumni Board. Aditya is a mentor for the Atal Innovation Mission, the Government of India, and the past President of the Entrepreneurs' Organization (EO).