The 10 Most Admired Project Engineering Companies- Project Engineering Companies| best business magazine in India | online business magazine in India.

1. Mr. G. Thiyagu
Founder & CEO
Sathlokhar SynergysA Frontrunner in Building and Turnkey Construction
Admired
Project
Engineering
Companies
T
h
e
Most
1
Vol.8/ Issue-4
www.insightssuccess.in
Company of the Month
Gaurav Moudgil
Founder & Managing Partner
Global C

4. ith technology playing an equal part,
WProject Engineering is acting as one of the
major catalyst in driving the Indian
economy to the next level. It is playing a pivotal role
in empowering the growth & development of the
country’s economy alongside enhancing the lifestyle
of the citizens. Reaching out with not just buildings,
bridges, and tech solutions, it is at the helm of
offering ample employment opportunities to the
youth. Showcasing a noteworthy index, the project
engineering space is putting its best foot forward in
contributing to the economic development with the
micro to large-scale progressions.
The existing as well as the budding project
engineering solution providers are becoming a
robust link between the country’s engineering
capacity and its ever-evolving economic
infrastructure. The development and uptake of
information & digital technologies across the project
engineering space is fostering the waves of
innovation also known as ‘Kondratiev’ waves to
create a more sustainable ecosystem for the Gen Z.
These advancements are helping the Indian
economy to surpass global challenges and be at the
forefront of resource efficiency and monetary
amendments.
With each passing day, the project engineers are
leveraging tech-enabled advancements for the
betterment of the economy through a plethora of
channels. Being amongst the powerful game-
changers of all times, they are keeping no stone
unturned in contributing to the Indian economic
development. The future engineering world will
continue to witness challenges, facilitate education &
healthcare, offer quality life, and mitigate poverty,
thereby adding an extra plus to the economic
development.
The Role of
Project Engineering
in the Economic
Development
From the
Editor

5. SME-SMO Executives Manoj Shelge
Circulation Manager Tanaji
Digital Marketing Manager Prashant Chevale
Technical Specialist Amar, Pratiksha
Co-designer Shweta Ambilwade
Art & Picture Editor Rahul Kavnekar
Art & Design Head Amol Kamble
Associate Designer Poonam Mahajan
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August, 2019
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6. CONTENTS
Sathlokhar Synergys
A Frontrunner in Building
and Turnkey Construction
Industry Insider
Indian Commercial
Real Estate Beckons NRIs
CoverStory
Article
Future is Now
Project Management Trends
The Breaking Points
38
20
08

7. Global C
A Preferred Project &
Development Management
Firm
Interview with
Insights Success
Company of the month
Kirby Building
Systems, India
The Prime Indigenous
PEB Enablers
Goldmine Project
Consultant
Mastering the Art of
Stylish Living
16
24Petrokens
Engineering
Redening
Technology-Services
Sustainably and Innovatively!
IDAX Consulting &
Research Pvt. Ltd
A Premium Quality Control
Laboratory and Engineering
Consultancy
30
34
36

8. The Go-getters of the World of
Project Engineering
hile the first quarter of 2019 was an enthusiastic year for the Project Engineering space, the
Wsecond quarter has taken it beyond the success horizons. Recognizing the companies that are
revolutionizing this space and keeping innovation on their radar by staying up-to-speed with
the developments, we have come up with this special edition of “The 10 Most Admired Project
Engineering Companies”. This issue has featured a handful of professionals offering a diverse and
engaging mix of creativity and distinctiveness. This edition of ours will help you to walk through a list of
ventures embracing multi-disciplinary approach and covering a range of relevant issues in its sector.
On the Cover of the issue is Sathlokar Synergys Private Limited – an EPC & Infra Turnkey contracting
company. The company is outshining its competitors with its innovative solutions and redefining the
Project Engineering Solution Providers segment.
Apart from such an insightful cover story, we have also enlisted Global C as the ‘Company of the
Month’, which is an ace project & development management firm aiming to create and pass on a better
earth to the Gen Z; IDAX Consulting & Research Pvt. Ltd. – one of the finest Quality Control Laboratory
& Consultancy firms in the country with ultra-modern quality control facility with highly experienced
technical experts; Kirby Building Systems and Structures India Pvt. Ltd. – offers one of the most
comprehensive product portfolios for Steel Construction in the country and Petrokens Engineering and
Services Pvt. Ltd. – an ISO 9001:2015 certified company renowned in the Engineering consultancy
services domain.
Alongside, companies like Sijcon Consultants Pvt. Ltd., Astute Engineering Services Pvt. Ltd.,
Technosphere Labs Pvt. Ltd., Novem Solutions Pvt. Ltd., and Dhargalkar Technoesis (I) Pvt. Ltd. have
also been featured in the listing of this edition.
While flipping the pages, take a note not to miss out an exclusive Interview with Mr. Ketan Sheth –
Founder, MD & Principal Designer of Goldmine Project Consultant Pvt. Ltd. and an article Indian
Commercial Real Estate Beckons NRIs by Shajai Jacob, CEO – GCC (Middle East) – ANAROCK
Property Consultants.
Turning some more pages will help you find an article titled as Project Management Trends: The Breaking
Points. These articles will help you understand the current market scenario of this industry. Looking at the
emerging opportunities and the growing possibilities, this issue of ours will introduce you to a whole new
world of novelty.
So enjoy the exciting read!

10. Mr. G. Thiyagu
Founder & CEO

11. Sathlokhar
SynergysA Frontrunner in Building
and Turnkey Construction
“Growing Together and
Winning Together has led us
where we are today”
Cover Story

12. he Engineering Industry has
Tnever been an easy cup of tea
for the budding entrepreneurs
as well as startups. For establishing an
empire of its own, it is necessary for
any entity to be at the forefront of
innovation and creativity. When it
comes to client requirements,
quenching the needs of the clientele
with quality deliverables has always
been the need of the hour. Besides,
systematic implementation of quality
control management is a prominent
move towards creating a niche in this
sector.
Showcasing the perfect blend of above
knacks, this excerpt talks about the
inspiring journey of Sathlokhar
Synergys Private Limited.; an EPC &
Infra Turnkey contracting company,
which has created a benchmark in the
engineering industry with its
comprehensive solutions. Established
in 2007, it is also an authorized
‘Government approved A Grade’(EA
3018) Electrical (HT&LT) Engineers
& MEP Turnkey Contractors.
Disrupting the field of construction and
infrastructure development of
buildings for more than two decades,
the founders of the company
consistently strive to transform the
lives of its clientele by embracing new-
age global trends. With offices in
Chennai, Bengaluru, Hyderabad,
Andhra Pradesh, Kolkata, and
Pondicherry, the company converts
every challenge into an opportunity
and brings an unmatched experience to
the table.
Be it Industrial, Commercial,
Institutional or Hotels/Resorts,
Residential, and Solar projects,
Sathlokhar Synergys stands tall in
efficaciously planning and executing
those with utmost excellence. The core
team of 114+ in-house professionals,
who helped the company in scripting
its success saga, includes Architects,
Structural Consultants, Interior
Designers, Electrical Consultants,
HVAC, Plumbing and Fire Fighting
Consultants, and Execution Engineers.
Since inception, the combined
endeavors of these proficient experts
and 986+ in-house Labor Strength has
helped the company to successfully
complete diversified projects and serve
several National & Multinational
clients. Embracing end-to-end
contracting for large scale construction
projects, Sathlokhar Synergys has
attained exemplary expertise in crafting
out steel structures as well as
warehouses and industrial buildings.
The core elements which help it take a
deeper dive and withstand the
complexities of the market include:
• Passion
• Quality
• Leadership
• Trust
A Multifaceted Persona
With close to two-and-a-half decades
of rich experience in infrastructure
projects, Mr. G. Thiyagu along with
Sangeethaa Thiyagu are the
Founders of Sathlokhar Synergys.
They are both engineers who work
round the clock to assure
Professionlism. A Leader by Mind and
Teacher by Heart, Mr. Thiyagu’s
passion to enlighten the young minds
to be the leaders of tomorrow, is what
makes him the torchbearer of the
company. Surpassing industry
challenges has never been easy for the
company, but he has been the driving
force behind creating a win win
situation and enabling the company to
reach the epitome of success.
Over the years, Mr. Thiyagu along with
his team has completed various
projects in areas of Civil, Electrical,
Mechanical, Plumbing, HVAC,
We don’t
grow our
business on
Capital,
We grow
it on Trust
‘‘
‘‘

13. Interiors, BMS, Fire Safety Equipment, Boilers, Air
Compressors, Lift systems, Water & Effluent treatment
plants, Pneumatic Airlines, and all statutory approvals.
He has a wide-ranging experience across several
industries like Leather, Automobile, Air Conditioning,
Garments, Pharmacy, IT, Distilleries and Hotels. As a
seasoned entrepreneur backed by immense experience in
several fields, Mr. Thiyagu is placing his best foot
forward in contributing to the Indian economy.
What Triggered Success?
Talking about Sathlokhar family Mr. Thiyagu says, “We
at Sathlokhar believe that every employee is a part of
our big family. We value every member in Sathlokhar
family as our own. We motivate every employee in our
company not just with incentives, but by increasing their
value and recognition, which we believe drives them
towards the growth of this company.”
The qualities which help Sathlokhar Synergys to
outshine its competitors and represent the industry as a
one-of-its-kind dominant player consists:
On-time Project Delivery – Its on-time completion of
projects and delivery of products & services fueled by
Time Management Project Team helps it to guarantee
complete client satisfaction.
Strong Communication – The Company follows a
Award
&
Achievements
Mahatma Gandhi Samman Award
Our Founder Mr. G. Thiyagu has
received “Mahatma Gandhi
Samman Award 2018" from the NRI
Welfare Society of India at
House of Commons, London
Fast Growing Indian Company
Awarded on the Occasion of
National Seminar for the Outstanding
contribution to the National
Development by International Achievers
Conference at New Delhi
Engineering & Construction
Excellence Award
Sathlokhar has received the
“Most Promising Company
( Engineering & Construction) Excellence
Award 2018" from All India
Achievers Foundation.
Outstanding Achievement Award
for Business Excellence
Our Co-founder Mrs. Sangeethaa Thiyagu
has received “ Outstanding Achievement Award
for Business Excellence 2018" at Bangkok.

14. curated communication system across
its work environment and maintains a
trustworthy client-company
relationship with its experienced
Communication Management Project
Team.
Uncompromised Quality & Safety –
Quality and Safety are the key aspects
the company strive for in order to
satisfy the existing and engage new
clientele. It is well-equipped by
licensed Quality & Safety
Professionals with advanced expertise
in Occupational Health & Safety.
Sustainable Design Approach – The
Company rolls out novel designs by
embracing tech-enabled innovations
alongside endeavoring for
environmental sustenance.
Value-for-Money and Customer
Satisfaction – Trust and Customer
Satisfaction is what matters the most at
Sathlokhar Synergys. Valuing every
penny, its certified team of experts is
committed to ensuring high RoI.
Loyalty & Respect --When it comes to
expanding Trust and Reliability in its
service offerings, the company is
recommended as an ideal choice by its
esteemed client organizations globally.
Flexibility in Design and
Implementation – The Company has
an efficient Change control processing
and Management system in place,
which focuses on keeping the clients
updated about the implementation of
new adaptive zones in the phases of
design & construction. Right from
placing the first brick, till the
completion of projects, Sathlokhar
Synergys firmly believes in going
hand-in-hand with its customers.
Powerful Management in Place – One
of the significant cornerstones which
helped the company to attain a strong
foothold in its sector, is its Powerful
Management. This management is
defined by a Dynamic Team of Project
Managers, Scope Managers,
Communication Managers, HR
Managers, Time Managers, Quality/
Safety Managers, Client Relationship
Managers, etc.
Motivational Snapshots
from the Leader’s Desk
Team Sathlokhar appreciates
those who aspire to build their
own kingdom and be the master of
own creativity. An inspiration to
countless professionals, Mr. Thiyagu
asserts that “Success doesn’t come just
with ambition. We need to work
collectively to build something strong,
something unique, something special
which only a passionate heart can do.
Desperation will lead you to
Deliverance. Have a hungry ‘mind’,
never failing to learn more.”
“Start small. It’s okay to have humble
beginnings. Learn to climb the first
step of the stair; the rest will take its
course. Soon enough you’ll find
yourself on top. The competition is
always going to be hard. Sometimes it
might make you want to quit. But,
beginnings are always the hardest.
Have a strong vision, set up a target.
Prepare a route to get there. If it’s a
shortcut, good! But sometimes they
have their own short comings. We need
to learn to be patient,” he added
further.
Disruptors
of today’s
Construction
Industry
‘‘‘‘

15. We strive
to sculpt
a New
Era and
shape
a Better
Future
Mission
• To provide the best Infrastructure
and Prompt services
• To constantly adopt Innovative
methods in construction practice;
Thereby protecting the Environment
and Society
Quality & EHS Policy/Goal
• The company is committed to excel
by consistent development & quality
assured deliverables along with
innovative solutions keeping in mind
all applicable environmental, health
& safety requirements, thereby
exceeding the client’s expectations.
• As a responsible Corporate Entity, it
has been actively contributing to the
Socio-economic development of
several communities across India,
aiming to set its milestone as a
Successful Synergy of Corporate
Experts & Professionals.
Believing that a good leader leads you
and a great leader creates a leader in
you, he advices the young minds to
choose their career wisely, but/and be
wiser in choosing their mentor. Giving
some more insights he said, "Water
your seed and watch the plant grow in
its own time. There is a time to sow
and a time to harvest. The one, who
truly waits, reaps what he sowed.”
Defining Future with Enthusiasm
Sathlokhar is planning to expand and
continue its uncompromised passionate
services in the future with the same
energy and grit. Its Vision, Mission,
and Policy which efficaciously
determines its future and empower it to
keep achieving more milestones
propose the following:
Vision
• To nurture a winning network of
Clientele and Suppliers; Together it
creates mutual, enduring values.
• To be highly effective and attain the
highest standards of Customer
satisfaction.
‘‘
What
we do,
we do
best
‘‘‘‘
Passionately
Commi ed
Team
Customer
Loyalty &
Transparency
Excellence in
Problem
Solving
Commi ed to
excel by consistent
development
Adherence to
Global standards
and laws Goal Oriented
team approach
Corporate
priority

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18. With the advent of a robust
regulator across the
Banking Debt Sector and
CREDAI / RERA guidelines in India,
it has become necessary for the
professionals in the construction
industry to embrace these
transformations.The country is
demanding a modernized construction
sector which can quench the needs of
the customers to its best! Established in
2006, Global C is one such ace project
& development management
firmaiming to create and pass on a
better earth to the Gen Z.
With offices in, Gurgaon, Chandigarh
& Madrid, the firm is rolling out novel
concept-to-commissioning services for
Buildings & Urban infrastructure
across India and overseas with utmost
proficiency. Team Global C is well-
versed with the global industry
dynamics which helps it in bringing
exquisite services to the table. Since
inception, the company is on a mission
to become an end-to-end solution
providerby consistently delivering
innovative, cost effective, and value
added consulting services globally.
This consistency helps the firm to
ensure growth and professional
excellence in its sector with its unique
core competencies.
Global C is making concrete endeavors
in contributing to the upliftment of the
16 August 2019

19. 17August 2019

20. client organizations with well-defined
business decisions. The core values
which helped the firm to create a
prominent niche in its sector include:
• Integrity & Professional Ethics
• Collaboration & Trust
• Innovation & Creativity
• Deliverance
Over the years, these deep rooted
knacks have helped the firm to engage
a curated list of prestigious clients in
Healthcare, Hotel Development, and
Industrial & Mass Mixed Use Real
Estate Developments.
Meet the Cornerstones
Gaurav Moudgil is the Founder and
Managing Partner of Global C. He is
an alumnus of University of California
– Berkeley and Punjab Engineering
College (PEC) – Chandigarh. He
specializes in Engineering Project
Management, Risk Management,
andStructural Engineering.Later, the
foundation of the firm was made even
stronger with Aman Moudgil – an
alumnus from Panjab University
joining the foray. As Co-founder and
Joint Managing Partner his expertise
lies in Development & Coordination
for MEP (Mechanical Electrical &
Plumbing), IT & Smart Building
systems. Their combined experience in
construction and embracing
international standards has been
instrumental in Web Collaboration,
Building Information models, and
boosting the projects performance &
development of the firm.
A Key Pillar & Mentor of Global C is
Deepak Moudgil – {Retired Director
Projects at Engineers India Limited} an
visionary with a prime focus on
Technology and strong Contract
Management expertise.He has a wide-
ranging experience covering the entire
management chain fromProject
Management, Procurement, and
Tendering & award of works to
Costing, Planning, Construction
Management, Technical Auditing and
Corporate Administration.
Why Global C?
“We strongly believe that leadership is
all about ‘Blood, Sweat, and Respect’.
The first two you give and last one you
earn,”says Gaurav.
The firm continually strives with the
same vision blended with a holistic
approach to satisfy its clientele with
quality services. It has diversified
experience in planning, executing, and
completing challenging projects
including Multi super specialty
Hospitals, Hotels, Integrated
townships, Multi storeyed
condominiums, Data-Center, Luxury
Residences, Diplomatic Consulates,
Commercial malls, Office building,
Data centers, Cinema halls, Interior fit
out projects, etc. The firm takes pride
in its associations with the clients
which helps it to roll out techno-
commercial cost-efficient and scalable
staffing models, thereby leading to
project optimization and efficient use
of project capital. Its expertise in
Engineering, Design, Liaison, Local
relationships, and Procurement
Leverage enables it to lessen the
capital costs, thus leading to happy
customers.
18 August 2019

21. Today, Global C has evolved to a one-
stop full-service project development
podium assisting clients in achieving
their goals with its core services that
include:
• Project Management Services
• Project Development Advisory
• Detailed Engineering Services
• Quantity Estimation & Cost
Engineering Services
The key attributes that helped the firm
to stand tall and outperform own
milestones comprises of:
Reliability – Years of dedicated
endeavors has helped Global C to
attain a huge knowledge base which
provides credibility to its experience
and ensureson-time delivery. “Anyone
can do our job, but no one can be us.”
Delivery – Team Global C follows
strategic inputs and a distinct delivery
methodology across all phases of the
development cycle from
conceptualization to final
commissioning.
Expertise – The firm’s in-house
capabilities and trade expertise to
impart pre construction, planning,
design, construction, and occupancy
activities successfully meets the project
objectives to the fullest.
Risk Management – When it comes to
projects like land development, new
construction and rehabilitation,
adaptive reuse renovation and
expansion, the firm proactively
identifies, classifies, and controls the
risks associated to it beforehand.
Teamwork Matters!
In-depth problem analysis, excessive
financial management, and robust
contract administration are the key
strengths of team Global. When it
comes to Vendor management
processes, and Material & Equipment
Selection, the firm believes in keeping
its operations flexible and upto the
mark. Efficient project tracking and
involvement of senior experienced
personnel ensures best-in-class
engineering & management practices.
Talking about the priceless assets of
the firm, Gaurav asserts, “We strongly
feel that a Company or Firm or an
Association is a Group of People
working towards a greater good not
only for themselves but the community
in general. If you don’t find either of
the two then you don’t belong in that
group.”
For the Neophytes
Global C truly believes in the words of
Steve Jobs that says “Your work is
going to fill a large part of your life,
and the only way to be truly satisfied is
to do what you believe is great work.
And the only way to do great work is to
love what you do.” It advice the young
minds to keep up their hardwork in
order to conquer every challenge
coming their way, irrespective of its
volume. It also advices them to
amassing the capabilities of identifying
and solving the problems
withminimum resources.
The Big Picture
Automation, AI, and Smart& Green
Materials have already started
introducing new chaptersin the Indian
Construction sector. Indigenous
Manufacturers for Building Products &
Equipments need to evolve more
robust and efficient assembly &
Production capabilities to match
omnipresent leaders in the America,
Europe, and China and not so far
behind evolving Easter Europe and
South East Asia. Focus needs to shift
from decision based on bottom lines to
foreseeing the future. On the other
hand, Recycled Building Materials,
Clean tech like Solar PV, and Water &
Waste Water Management are taking
the centre stage.
Acknowledging this scenario, the firm
is all set to jump into another ocean
byconstruction of composite structures
using smart combination of recycled
waste and efficient building materials.
For Global, Hospitality is a key
ingredient to cook the success cuisine
with the evolution of Smart
Hotels.Being on the verge of such
evolutionary discoveries, the firm is
looking forward to associate with the
GoI initiatives regarding the
‘Expansion of Airports and
Healthcare’.
19August 2019

22. PROJECT
MANAGEMENT
TRENDSThe Breaking Points
hange’is the only constant
Cand true in the Business
world. On the other hand,
there were no tools or dashboards to
oversee timelines and objectives.
But, a noticeable change which has
transformed the overall scenario is
Project Management (PM). It is
constantly changing and evolving the
area of business and here are some
ongoing trends that may help
choosing you the path ahead in
project management.
Artificial Intelligence (AI) – A
touchstone by which machine
learning is judged and assessed
AI is unquestionably aiding the
project management workflow
through an interactive interface for
the available resources. Therefore,
the algorithm-based suggestions
conclusively boost the efficiency of
the overall process of project
management. You won’t be replaced
by a limbless drone any moment now
but you would better learn to play
nice with AI.
With the world-altering inventions in
steam power, electricity, and the
internet, AI is driving the society into
a never seen industrial revolution. AI
is automating the tasks ranging from
scheduling to data visualization.
Predicting patterns based on past
activities and compiling further tasks
is an exceptional ability of AI where
innovation is outrunning
imagination.
AI technologies impacting the largest
number of businesses are:
Knowledge-based Systems: This
system enables to understand the
context of the data being processed
that supports human learning and
decision-making.
Machine Learning (ML): With
meager human intervention machine
learning analyzes the data by
detecting the patterns and improves
decision making.
‘
Future is Now
20 August 2019

23. Decision Management: It has
created a set of processes based on
protocols and logic which has
automated decision making.
Power of Emotional prowess
If productivity has to be equivocal to
the assigned work driving out the
emotional power is imperative. If the
technical skills are staying rock
steady, the work with diligence and
persistence must be ensured at any
cost. The better teamwork with
people, the higher are the chances of
your plans to progress without a
pitfall. This ultimately states the
project manager’s people-focused
role as a beneficient listener,
anticipating needs, adept coordinator,
considerate negotiator, and a
motivational leader.
Multitasking is paramount to any
machine but it lacks a critical
ingredient that is humanity in
successful project management. The
set of social skills, such as soft skills
and skills in coordination, teaching,
and negotiating are increasingly
regarded as the most valuable
professional assets.
The most demand-in job skills for
2020 in the World Economic
Forum’s Future of Work Report, soft
skills are ranked as employers’
second most desired skills.
Inclusive Hybrid Approach is the
far up priority
With the varying and improved
implementation of methodologies,
the one-size-fits-all approach is being
incompetent. The Waterfall
techniques are been modified with
Agile and Scrum to adopt modern
strategies to help various processes
of project management. This
implementation is the best suiting for
the scenarios where larger projects
need multiple project managers to be
involved in it. Therefore, the
corporate world is in considerable
demand for a higher number of
hybrid project managers who are
inclusive to profuse methodologies.
Companies are acquiring
simultaneous and flat hierarchy,
replacing the linear traditional
methodologies for developing
products. Not only in software
21August 2019

24. development, but Agile principles are also dominating finance, construction, and, marketing sectors. Innovative
and trusted processes are coming together in the form of new mixtures.
Kanban Boards
Kanban Board refers to “billboard” in English. The theory was initially introduced and implemented by Toyota,
the automobile company to improve manufacturing. Now, the theory is widely being integrated into the various
action items of the project management methodology. Kanban is a categorization that makes use of visual boards
that consists of a set of cards and a grid that helps to manage the workflow. Its implementation is proving helpful
as the project managers avoid prominent stagnation in the tools being used for managing the projects thus helping
innovation to a greater extent.
It is being more beneficial in smaller Agile projects that undergo many changes. Kanban boards give the leverage
of managing tasks in a more centralized way, thereby avoiding inaction.
Improved focus on data analytics and metrics. All the aspects of a project comprise huge data that has to be
managed efficiently and optimally. Project managers are leveraging data insights to make informed decisions to
execute the project in a better way and increase business growth.
Whether it’s project planning, quality control, or risk approximation, data analytics has already started shaping the
project management world. The gathered data enables you to form reliable teams, team size, the inclusion of
productive team members and skill sets needed to manage projects better.
Project management: An Eye Hereafter
Future predictions say approaches will be customized to suit specific project environments. Mentoring, coaching,
and support will gain more prominence where skills will outrank certifications. Project management (PM) trends
will constantly change the way large businesses operate, so you with PM at the center of all, may become the
driving force of transformation in 2019 and beyond.
22 August 2019

26. he below excerpt is an exclusive interview with Mr. Ketan Sheth – Founder, MD
T& Principal Designer of Goldmine Project Consultant Pvt. Ltd.
IS: Kindly brief us about your company.
Mr. Ketan: I am the Founder, MD & Principal Designer of “Goldmine Project Consultant
Pvt. Ltd.” And on Its board since its inception in December 1989 with a vision of providing
turnkey solutions in Design & Build along with other space creatives in Residential,
Corporates, Commercial, Buildings, Hospitality, Healthcare, Retail and Education
Verticals.
We provide aesthetically designed and immaculately planned project with an eye on fine
details that accentuate the particular qualities of a place and conceive our project with
efficiency & highest level of professionalism and are able to adapt our creativity to meet
the need, desires and expectations of our clients.
Goldmine’s planning and design solutions aim to enrich the lifestyle envisioned for each
project. We continuously strive for excellence in design, each project is treated individually
and as a team assure prompt response and absolute flexibility to the customers need’s and
GOLDMINE
PROJECT
CONSULTANTMastering the Art of Stylish Living
24 August 2019

27. complete the assignment to the extreme contentment
of the clients.
Through our projects across market categories we
believe in keeping abreast with the changing global
trends and staying current with best trade practices
which has transformed our organization into a
corporatized design firm with finest quality execution
& management standards.
IS: Brief us about the Founder/CEO and his/her
contribution towards the upliftment of the
company. What was the source of inspiration for
your company to be a pioneer in the Interior
segment?
Mr. Ketan: I as the Owner and Principal Designer
offers the finest Interior Creative Consultancy in all
sectors of design fraternity. Having a vast knowledge
in interior designing, I have acquired a degree in
Interior Design & Decoration (I.D.D) from JJ school
of Arts in Mumbai and later graduated from the
Inchbald School of Design in London where I
developed an acumen and panache for in-depth
creative Designing for Interiors. Conceptualizing
exceptional designs, while adhering to the client’s
budget and brief along with paying attention to the
finer details is my forte.
My focus on space, light and structure, coupled with
his selection of material, helps create captivating and
dynamic spaces, which exhibit practical and
functional planning and detailing. Innovation is my
key area of operation.
Designing Is My Forte and “I was lucky enough to be
born with creativity and was in love with the idea of
breathing new life into a space. One will be surprised
to know that I have been a commerce student yet
creativity took over my mind”.
“I was bursting with ideas which needed
implementation, as creativity was an everyday affair
for me, and I knew that only my own company would
give me the liberty to play around with new designs.
Hence in1989, I started my own company “Sheth
Mr. Ketan Sheth
Founder, MD &
Principal Designer
Interview with Insights Success
25August 2019

28. Associates” currently known as “Goldmine Project
Consultant Pvt. Ltd”.
IS: What are the distinct products and services provided
by your company, setting you apart from your
competitors?
Mr. Ketan: We offer services in Architecture Design
Consultation, Interior Design Consultation, Design & Build
(Turnkey Solutions) and Contracting Solutions (Finishes /
Fit outs).
Other than this we provide our clients with value added
services which develops faith & trust between both parties.
Whatever projects comes to us, we don’t take it as a
formality but we take it very seriously which is for us most
important, just on a trial basis we don’t do anything, we get
into the depth of it we try to work out the best possible
solutions for whatever client’s demands and requirements
are, hence give the kind of service absolutely in a proactive
manner. We give lot of working in advance and that has
helped us in a big way, as a result we build better
confidence in clients and vice versa, we are always ready
with all our preparation, we try to show them what is going
to happen at the end of the project so huge amount of
working and presentation plays a very important role in our
interaction with our client.
IS: What are the key attributes that helped your
company to overcome the challenges?
Mr. Ketan: We are not dealing with Clients of a specific
segment but we have Clients of Different Segments. Our
Clienteles are Builders, Factory owners, Diamond Traders
we have all kinds of Clienteles and we work in different
segments too, we make Offices, Banquets, Hospitals,
Private Offices, Corporate Offices, Residences and Villa
which are our 365 days job. All the above experience has
helped us to overcome many Challenges.
Also we explore a lot, we had branches at Dubai, Bangalore
now we have office at Surat we work Pan India, we are
open to work all over the Globe.
IS: What is the current scenario of Interior industry,
from your point of view?
Mr. Ketan: This Industry is excellent and ever growing, the
Demand is very huge. Everyone needs to beautify their
House, Make their Restaurants, Offices, Banquets for that
26 August 2019

29. they need Architect, Designers and Consultants. There are
Designers at all Levels and as per the budget and
requirements of the project there is definitely business for
everyone.
Availability of Material from any part of the world is also
not difficult now a days but of course there are some
formalities to be done. Selecting materials from Europe,
China or Italy has become very hassle free. Certain Level of
Clients Prefer materials from these countries. Even now
days thanks to ‘Make in India’ we get good materials in
domestic market as well and they are doing exceptionally
good job but still Price is the Criteria. Sometimes it happens
that it is easy to get items Imported rather than getting it
customized locally. Of course after Demonetization and
Implementation of GST there is a tremendous drop in Real
Estate and the Market has become very sensitive, everyone
is Cautious while expanding or Taking Business Risk.
IS: With the massive advancements in the Architecture
& Interior Designing industry, what are the
opportunities and challenges evolving with it?
Mr. Ketan: There is definitely a superb opportunity
available now, on the global map, India is considered as a
very important place or destination, people have noticed
India very well and after definitely Narendra Modi’s ‘Make
in India’ concept, people have an eye on our country so
very big opportunities are there, how open we are and how
we are able to visualize those opportunities, it depends on
that, better the way we visualize, better opportunities are
available and not only in India as India itself is a gigantic
rd
market but even out of India we have got scope, even 3
world country when we talk about Africa there is definitely
scope for us, even in Dubai-Gulf we have scope over there,
so the market is quite open for everyone in our country…
this is about the opportunities….
Secondly, even in today’s time the builders have starting
inviting international designers so the possibility of
collaboration is also there at the same time so not necessary
you have lost it, if I have to import some ideas, some
technology, we can definitely get it from up countries and
they are far more advanced and ahead of us, bringing all
those technologies and ideas will definitely help us to
improve our work and to deliver something best so that is
one thing about opportunities and of course when we talk
about challenges, of course there are multiple challenges
like in today’s time many designers have started their own
companies in our country, so they have become directly &
indirectly competitors to us, at certain Level, HNI level and
at corporate level, mostly when I say corporates, means not
only Corporate Offices but Residences too, even building
industry, real estate industry, they prefer to hire designers
from Up countries like Singapore, China, HongKong,
Dubai, China, US, UK- good number of designers are
coming from all these countries to our country and they are
doing exceptionally good job, and those opportunities we
are also losing, so these are the big challenges we are
facing, another challenge we have the production quality
what we get in European countries, States, even in China
we don’t get it over here so our challenges are always being
compared by our clients what is available here and what we
can buy from outside countries, the gap in the rate is not
always high when we talk about the volume it becomes
more cheaper to get the things (material) from China and
very good quality, the volume, timeframe the way they
manufacture things is very fast, we can’t even think of it, so
all those advantages are there, with this we can consider as
an opportunity as well as challenges, if any manufacturer is
over here for them it is a big challenge, if somebody is
importing furniture or any material from up countries but of
course if we talk about again opportunities, then Morbi has
taken over in a tremendous way against other manufacturers
in the tile industry and in the ceramic industry against
China and they have made it difficult for China to sell the
tiles in our country and we get extraordinary quality and
because of the competition Morbi has done great job.
IS: What are the benefits gained by your clients while
doing business with you?
Mr. Ketan: As I have mentioned above, the same thing I
would like to repeat here, because of the exposure, our
clients gets an immediate advantage out of it, our exposure
is helping them so there is no trial or error happening, it is
always tried & tested kind of thing and we are also working
in the level of what is happening in the international market
so that advantage clients always has with us.
IS: What is the role of your employees behind your
company’s success? How do you keep them motivated?
Mr. Ketan: Every Industry works with the people, no
27August 2019

30. individual is responsible. The head of the company cannot
alone make the Project or Company Successful. Even the
day to day activity needs the support of the team of good
people. Employees are our biggest strength, without them
we cannot perform. There is no Individual performers the
entire team performs. Our Industry specifically needs a
huge team of Professionals at various departments. We are
not Individual Lawyer or doctors, we are a team of
Designers & Architects. For a success of a project the team
needs to perform, for their Support day in and day out is
needed, their exposure & their thought process gives them
freedom and work environment which allows them to
explore their inner qualities more. The benefit is for the
company and in the end to our clients.
If you become more rigid then there will be no growth
personally or for the company.
We motivate our employees through all happening things
we have picnics, going for movies, parties keeping an
environment wherein we have freedom of voices, things are
quite liberal.
IS: What would be your advice for the budding startups
and entrepreneurs in the industry?
Mr. Ketan: Design industry is amazing. One should think
beyond design as hard work is the important essence of
success. One has to stay focused, committed and work with
a professional attitude to face ahead healthy competition
and aim at moulding a space into something that is beyond
comparison.
There are no escape or shortcuts. Remember one thing
“When you are doing everything you are not known hence
create your own niche’. Keep yourself updated and stay
tuned with the global trends.
“I fervently believe that nothing can substitute hard work.
So, my first success mantra is hard work. And, if this is
coupled with honesty and integrity, then there is no
stopping one from achieving success.”
Client satisfaction inspires us and that satisfaction is what
we aspire to…
There are many challenges which are common to every
organization. Today’s challenge is to do something versatile
– “To deliver better than the Best”. We are known for
creating transformation in the lives of our clients and
adding happiness in the environment that we blend with
harmony and that itself is a challenge.
IS: Brief us about your company’s future perspectives.
Mr. Ketan: We aim to become a leading Interior Designing
and Architectural Firm in India and our Dream is to be
listed among the Top Ten Companies by 2022. Our Mission
is to use our imagination and creativity to convert our
clients’ dreams into reality. Client satisfaction inspires us
and that satisfaction is what we aspire to…
28 August 2019

32. Engineering is a diverse
industry with numerous
segments. In India, the
Engineering services sector has
witnessed substantial growth in recent
decades. Consultancies with a sharp
vision, intellectual capability, and
result oriented approach are far-
fetched and few. Professionals from
different industries have realized the
importance of project management
consultancies. This has given rise to
boutique consultancies that are
delivering exceptional services with
itsengineeringexpertise.
One such company, Idax Consulting
& Research Pvt. Ltd. is considered as
one of the finest Quality Control
Laboratory & Consultancy firms in the
country. It is a team of more than
h u n d r e d h i g h l y q u a l i fi e d &
experienced professionals consists of
Geotechnical Engineers, Civil
Engineers, Mechanical Engineers,
Environmental Engineers, Scientists,
and Structural Designers delivering
consultancy services to clients. An
ISO 9001:2015 certified company and
member of many national and
international institutions. IDAX is a
well-equipped ultra-modern quality
control laboratory with latest
infrastructures supported by highly
advanced equipment, computers, and
software along with highly skilled
technical personnel to carry out civil,
mechanical, and electrical &
environmentalprojects.
MEETTHEARDENT LEADER
Everysuccessfulbusiness startswitha
Our services
are based on the
foundation of
Uncompressing
Quality and
Commitment
A Premium Quality Control Laboratory
and Engineering Consultancy
IDAXConsulting&
ResearchPvt.Ltd.
‘‘30 August 2019

33. dream, evolves with a bunch of
amazing ideas, great passion, and grit.
This exactly replicates the story of Er.
Deepak Kumar Mallick- the
Founder of the company. He is an IIT
Kharagpur graduate having an honors
degree in civil engineering and a
seasoned engineer who had a large
part of his professional stints with Tata
Consulting Engineers Ltd. (TCE) and
IL&FS Water Ltd. He was a professor
at KIIT University and given
enormous technical talks and
presentations in IITs, Engineering
colleges, Universities to motivate
young talents. He was also a speaker at
TEDx IIT Bhubaneswar event on
“Architecting World 2030” in the year
rd
2017. He was awarded 3 Business
Global Leadership Award by Asian-
African Chamber of Commerce &
I n d u s t r y f o r E x c e l l e n c e i n
Engineering&InfrastructureProjects.
Having worked for almost for six
years, Deepak has garnered immense
experience with working on both
national and international funded
projects. Even though Deepak is
working with one of the best firms in
India, his long-seen desire to set up his
own engineering consultancy firm
always kept on hitting him. In order to
fulfill his dreams, Deepak returned to
his home-state Odisha, Bhubaneswar
tomakeithappen.
Explicating on the inception story,
Deepak says, “I began from my
drawing room with just a laptop, a
single printer, and a broadband
connection. Then pretty soon I started
visiting some of the established
consultants in the region and tried
some small designing jobs on
subletting for them. Within a year I
was able to provide the best solutions
and make customer satisfied. But what
Deepak Kumar Mallick
Founder & Chairman
actually caught my attention was the
quality aspect that lagged in many.
This prompted me to bridge the
underlying gap and thus, I decided to
set up my own firm and deliver
efficient, yet effective services. Hence,
IDAXwas establishedin2010.”
Exceptional Services Quenching
EveryBusiness Need
Since its inception, the company has
been taking up projects in a diverse
r a n g e o f v e r t i c a l s o f C i v i l ,
M ech an ical, Electr ical, an d
Environmental Engineering. The
array of offering consists of
Geotechnical / Soil Investigation,
Topographical Survey, Drone Survey,
Hydrographic Survey, DGPS Survey,
Non-Destructive Testing (NDT),
Construction Material Testing,
Advanced Technical & Quality
ControlTesting,GIS, Industrial
31August 2019

34. T r a i n i n g & C e r t i fi c a t i o n s ,
Environmental Engineering &
Protection, Architectural & Structural
Design & Drawings and many more.
IDAX provides services to Roads,
Highways, Railways, Ports, Harbors,
Solar Power Plants, Water Supply &
Sanitation, Urban Infrastructure,
Smart Cities, Industrial, Chemical,
Power, Energy, Oil & Gas, Mining,
Mineral, Metallurgy, Construction,
andEnvironmentalSectors.
The Success Saga
IDAX has successfully provided
consultancy services to more than fifty
solar power plants with a cumulative
power generation capacity of
5000MW. IDAX has successfully
provided services to OPTCL Projects
f o r t h e s t r e n g t h e n i n g r u r a l
electrification and has completed
setting up of more than 400 sub-
stations till date. Also, the company is
associated with Surbana-Jurong, a
Singapore-based consultancy firm for
developing a landmark Bhubaneswar
Town Center in Bhubaneswar that
would be tallest building project in the
stateof Odisha.
IDAX today serves a huge list of
clienteles like L&T, TATA Group,
Aditya Birla Group, Reliance,Vedanta
Group, NTPC, Shapoorji, IOCL,
ACME and some noteworthy
international clients – Mercedes Benz,
ABB Limited, ENERPARC, Nissin
Food, Solairedirect, Harsco, Surbana-
Jurong, AECOM, Egis, SMS Siemag,
Wabag. IDAX has always adopted and
introduced cutting-edge technology to
provide best-in-class services to its
clients.
Quality-based Business Philosophy
From managing vendors, convincing
clients, getting a good human resource
to building a right team, the company
has faced many challenges during its
inception. The company has faced
many challenges in terms of lack of
experience and proven track records.
On account of continuous learning,
exceptional quality and adaptation of
new technologies have helped them to
overcomeeverychallenges.
IDAX services are based on the
foundation of uncompromising
quality, commitment to client
satisfaction and personal attention to
relationships with every client. The
company's success is the result of
working diligently as a team to do each
job right as well as maintaining a long-
term perspective and integrity. The
company gives utmost importance to
teamwork and coordination among its
employees and clients. It is dedicated
to providing outstanding services to
our clients.
A Journey Towards Flourishing
Future
With the Y-O-Y growth of more than
100 percent, in the coming years,
IDAX aims to be a renowned company
with digital transformation and
expanding the project territory
overseas to Africa and Asia Pacific
region with more than 1000 human
resources. IDAX always believe in
sustainable growth with social
responsibility. The company will
always work in a team spirit not only
for the profit but also for better earth
for livingfor thefuturegeneration.
32 August 2019

36. Pre-Engineered Steel Buildings (PEB) industry has grown
leaps & bounds over the last two decades but it is yet to
achieve its true potential which is still far. But, its
completely achievable as the industry consisting of top 4-6
organized players are maturing to take it to the next level of
growth trajectory. The industry is overcoming many challenges by
continuous knowledge sharing across seminars, conferences,
industry forums, colleges, education curriculum, etc. to the target
audience thereby increasing the popularity. During the early
2000s, warehouses were the initial driver for PEB but over the last
two decades, PEB has ventured into many other applications for
different industry segments.
Kirby Building Systems and Structures India Pvt. Ltd. is one
of the world’s largest producers of quality steel buildings and has
been operational since 1976. The company pioneered the Pre-
Engineered Steel Buildings (PEB) concept in India in the year
1999 and has been the market leader in the Indian PEB industry.
The company is into Design, Fabrication, Supply, and
Construction of Pre-Fabricated Steel Buildings or Steel Structures
and has been evolving over more than twenty years and
continuing to do so. All the buildings are made as per the
customer specifications. The components are also designed,
detailed, numbered and fabricated in its plants, before being sent
to the job site with a construction drawing. There is no on-site
fabrication as the material is assembled at site using bolts and nuts
with a crane to install.
Building It Up
The company is currently operating with two facilities located at
Hyderabad and Haridwar with a total installed capacity of 200,000
MT per annum and over 20 sales offices across India facilitating
the benefit of distance to its customers. In addition, Kirby India
also has fabrication line for Structural Steel and Storage Solutions
each respectively at its Hyderabad facility. It has also created
many benchmarks for the industry in the earlier years and has
established a standard set of practices to be followed for any type
of steel building. All of this was set up right from pre-sales,
engineering, fabrication, supply, installation and after-sales
service.
Kirby India is specialized in completing many large and complex
projects across diverse applications such as Factories,
Warehouses, Offices, Supermarkets, Shopping Malls, High Rise
Buildings – Commercial and Residential. The list also includes
Shipyards, Metro Stations, Aircraft Hangars, Sports Stadiums,
Showrooms, Workshops, Auditorium, Power Plants, Steel Plants,
and Heavy Industrial Structures, etc. spread over different
industries. The company is way ahead with immense experience
of completing more than 20,000 buildings for a wide range of
applications catering to almost all the industry segments &
Being a leader
will continue to
achieve excellence
and create new
benchmarks for
the industry
as a whole
‘‘ ‘‘
Kirby
Building
Systems,
IndiaThe Prime Indigenous
PEB Enablers
34 August 2019

37. sub-segments over the last couple of years. Its existence in
India has made Kirby and PEB synonymous in nature in the
country.
Building Through Blocks
Kirby India being the torchbearer has led the industry into
many unknown territories that were never thought of
thereby creating newer application areas for various types
of structures that are highly customized and unique in
nature. The company is leading the path through its new
and innovative designs, systems & processes and
construction techniques. This has helped the industry to
overcome all the limitations capable in handling any
complex project across different industry segments. Kirby
with its rich experience and continuous learning at each and
every stage of project execution over the last two decades
has enabled to evolve with a new type of construction
methodologies. All of this in order to complete the building
in a much faster and safer way by meeting the customers’
project timelines.
One of the important factors that have gained prominence
over the last few years is Safety at job sites which have
become an important part of any project whether small or
large. Kirby India has improved and implemented many
innovative safe practices across all its job sites by providing
training to all the manpower and Certified Builders on safe
building practices over these years of operations and
continues to do so to have incident-free sites till project
completion.
Building The Future
D. Raju – MD, Kirby India possesses nearly 30 years of
experience and in-depth technical knowledge of the PEB
industry and was instrumental in the successful order
booking and execution of many complex and large projects.
D. Raju has a Civil Engineering degree and MBA from
Osmania University in India and holds the title of Chartered
Engineer from the Institute of Engineers – India.
His career with Alghanim Industries spans over 18 years,
around that time he has held a number of management
positions with the Kirby Building Systems India Group.
D. Raju is now leading the Kirby International businesses
spread across Middle East & Africa, South East Asia and
India.
Kirby India has grown manifolds over the last few years by
executing simple box-like buildings to very complex
industrial buildings to high rise structures. The company is
now adopting new innovative methods across design,
fabrication & construction and other areas of project cycle
which have widened its scope of operations to diversify into
newer growth areas.
Kirby India also provides Industrial Racking Solutions and
has diversified into Structural Steel applications such as
High Rise Structures, Airport Terminal Buildings, etc. It has
also developed its expertise to cater to commercial
buildings segment through Composite Steel Construction or
Steel Construction.
The company has already executed many high rise
buildings and is currently executing some G+20
commercial office buildings. This will definitely lead to an
increase in demand for steel structures for high rises in the
coming years which is slowly being accepted by many
builders & developers across major cities.
The firm strives to grow in the future as well as aspires to
become one of the most preferred partners in the country
for any type of steel construction along with taking the
company to newer heights with newer businesses through
the client-centric & innovative approach.
D. Raju
MD
35August 2019

38. S
ustainable development has been on the threshold of
economic and environmental issues all over the world. Its
significance has driven mankind to constantly innovate not
only in the business but in the daily lives as-well. Tech-enabled
services industries have always observed sustainability as a
challenge and taking up the same has been amongst their prime
objectives.
Following the same mission and growing with passion is Petrokens
Engineering and Services Pvt. Ltd. The firm offers its esteemed
clientele, highly specialized solutions to develop or enhance their
asset’s performance in the long run. It delivers a broad range of
services and provides clients the access to world-class sustainable
andinnovativetechnologies.
The person responsible for driving the Business Excellence journey
globally is Murali G – CEO, Founder of the company. He has
completed his Master’s in Design Engineering and has close to two
decades of extensive experience in operation, maintenance,
engineering, technical services and project management. He was
associated with mostly offshore, Oil and Gas Refinery along with
Petrochemical plants. Another Founder of the firm is Jeyaraj S –
CTO of Petrokens. He has been instrumental in strategic planning
and technical execution. He has done his Bachelor’s in Chemical
Engineering. He has 18 years of rich experience in the Oil & Gas
Industry especially in Design and Engineering of Oil and Gas
production and processing facilities Offshore and Onshore, FPSO
Process Topsides, Commissioning and Start-up services for Oil and
Gas production and processing facilities. He has worked in
multinational oil companies and EPC companies in India, UAE and
Malaysia. Also, Jeyaraj is a member in Society of Petroleum
Engineers (SPE) and an Associate Member in IChemE, UK. Their
combined experience has been quintessential in exploring the
opportunities and executing the tasks timely with quality and
integrity.
DrivingExcellence
As a best-in-class integrated engineering consultancy solutions
provider, Petrokens specializes in complete end-to-end solutions
related to engineering which includes Engineering Design, MEP
Design and Project Management Consultancy. The list also includes
Specialized Technical Services, Risk Management and Technical
Staffing across Oil and Gas Sector. Petrokens is one-stop destination
for Conceptual Design, Detailed Engineering, FEED along with
Bottlenecking and Commissioning solutions. It’s well experienced
technical team has multinational exposure who are experts in their
jobs, capable of executing and handling accelerated project
schedules.“Weareexperiencedandpassionategroupofproject
Providing services of the
highest possible
standards
for satisfying the
clientele's needs,
safety, reliability,
cost and expectations
of quality
‘‘ ‘‘
Petrokens
Engineering
Redefining
Technology-Services
Sustainably and
Innovatively!
36 August 2019

39. managers, engineers and designers. Every client we work
with becomes a part of the team. Together we face the
challengesandoffer affordablesolutions”describesMurali.
Since its inception, the company had a clear vision and
strategic business plan. This changed the pace of the
operations, helping in overcoming the challenges at the early
stages of the business. Petrokens entered the oil and gas
market when crude oil price was the lowest.The company saw
it as an opportunity and targeted customers looking for
affordablesolutions.
Setting a Benchmark
Petrokens provides multi-disciplinary design engineering and
consulting services in conceptual/feasibility studies. The
firm’s capabilities comprises of Process, Piping, Civil,
Structural, Mechanical, Electrical, Instruments and Controls
with HSE. “We stand unique as we offer complete cost
effective solutions from concept to commissioning” says
Murali, establishing the difference between Petrokens and its
competitors.
The unique in-house design engineering services gives
customizable options to the clients for their project.
Combining flexibility with innovation and complete
solutions, the experience for the client is curated with
excellence and showcases uncompromised quality. Petrokens
is dedicated in delivering solutions to the client’s
requirements across every phase of the project. It may vary
from the concept, development to simulation, detailed design
tovalidationandoptimizationtasks.
The company has targeted overseas market for jointly
exploring opportunities in-order to execute oil and gas
projects. Petrokens have established a strategic alliance with
local partners in Malaysia, Vietnam, Myanmar, Oman, UAE
andKuwait.
The StruggleisReal
Challenges in Engineering come from uncertain conditions
prevailing to change in oil prices and an industry-wide staff
shortage. The requirement for skilled engineers has been
realized as an unending necessity in the industry, since
technology is developing rapidly. “We have to align ourselves
to meet the end users requirements. It’s at the hands of the
engineering sector to sustain many crucial aspects of our day-
to-day lives,” claims Murali while shedding some light on the
dynamicsofchallengesfacedbythecompany.
EngineeringIndustryToday
“Nowadays Engineering is not considered to be limited in
purely industrial and manufacturing world. The industry is
focusing more on our impact on the environment and using
adaptive technologies to help combat it,” Murali adds to the
discussion regarding the current situation pertaining to
Engineering industry in India. Understanding its position in
the market, Petrokens derives the scale needed to cut-costs
and remains competitive. It believes that the oil and gas sector
is likely to be dynamic over the next few years. Hence, the
ability to assess and accurately value potential targets faster
than the competition will be critical. In this sector, prices are
said to be on recovering stage. Still, most oil giants are
cautious about new initiatives with major capital
expenditures. Many MNC’s are still figuring out the essence
of cost issue. Likewise, this has proven difficult for the firm to
distinguish real threat from - new competition, challenging
bidding procedures and risk-sharing arrangements. Giving a
final statement, Murali proclaims - “We realize that the
industry has dramatically changed and looking for cost
effective solutions. Hence, we are better equipped to
compete.”
URL: www.petrokens.com
Murali
CEO
Jeyaraj S
CTO
37August 2019

40. INDIAN COMMERCIAL
REAL ESTATE BECKONS
NRIS
Shajai Jacob is CEO – GCC
(Middle East) of ANAROCK
Property Consultants. A well-
rounded sales & marketing expert,
Mr. Jacob was previously Executive
Director & Head – Marketing (West
Asia) at one of India's leading
international property
consultancies. He is based out of
ANAROCK's Dubai ofce, has
complete oversight of the Firm’s
brokerage operations across the
Middle East & North African
countries, and spearheads
ANAROCK’s rapidly growing
Middle Eastern business. He has
18+ years of rich experience in
building brands and widening the
visibility and scope for leading
businesses and has deep expertise
across national and international
markets. In the past, he worked
with major rms such as
Hindustan Unilever, YES BANK,
United Spirits, Kingsher Airlines
and Barista. He holds a Master
degree in Business Administration.
ABOUT THE AUTHOR
Shajai Jacob
CEO
38 August 2019

41. ndia’s commercial office property asset class presents a
Iprofitable alternative for NRI investors looking at
maximising returns and generating fixed income while
simultaneously maintaining a low risk investment profile.
The attractiveness of good capital appreciation as well as
rental yield has increased NRI inventor demand for Grade A
offices, IT parks, logistics centres - and now REITs as well.
A good commercial property can give an average rental
yield of 6-10% and the current rental yield from residential
property is a mere 1.5-3.5%. The same growth range holds
true for capital appreciation.
The upsurge of India’s commercial office market began in
2017 and has been further boosted by the arrival of REITs.
Commercial real estate in India is driven by strong
economic fundamentals, demand for quality Grade A office
space, relatively affordable rents, and the new co-working
office space trend in key markets.
The other key potentiating factors driving demand,
especially for Grade A office spaces, are India’s rapid
urbanization and the increasing share of millennials.
Commercial Supply & Demand Dynamics
As per ANAROCK data, approx. 11 mn. sq. ft. of office
space was absorbed in Q1 2019, led by Bengaluru and
followed by Mumbai, Chennai and Hyderabad. Supply
addition in Q1 2019 rose by nearly 11% on a yearly basis to
touch nearly 7.5 mn. sq. ft. in the first quarter across top 7
cities.
The cities with vibrant demand for office real estate –
especially Grade A spaces - malls and co-working spaces
are Bengaluru, Mumbai, Chennai, Pune, Hyderabad and
Delhi-NCR. In Delhi-NCR, Gurugram has become a major
investment destination for NRIs looking at investing in
commercial real estate. Its close proximity to Delhi makes it
ideal for NRI investors looking at long-term corporate
tenants. Gurugram’s future office rental growth potential is
good, and it has many commercial spaces which are seeing
good absorption.
Office Rental Growth Rate (Last 2 Years):
• Chennai: 12% rental growth
• Hyderabad: 11% rental growth
• Bengaluru: 10% rental growth
• Pune: 10% rental growth
• Mumbai: 5% rental growth
• Gurugram: 3% rental growth
(Source: ANAROCK Research)
If we compare commercial real estate yields to those for
residential properties, it becomes evident why many HNI
NRIs prefer investing in the former.:
Residential Rental Yields in Major Indian Cities:
• Delhi NCR: 2.63%
• MMR: 3.00%
• Pune: 3.10%
• Chennai: 2.72%
• Kolkata: 2.65%
• Bengaluru: 3.30%
• Hyderabad: 3.70%
(Source: ANAROCK Research)
While the numbers speak for themselves, commercial real
estate nevertheless requires much larger investments than
residential – and finding and retaining suitable tenants for
office spaces can also be a lot more complicated than for
residential properties. Moreover, commercial properties do
not have the same emotional connect for NRIs as housing
does.
That said, the value proposition of a well-chosen and
suitably tenanted commercial property is certainly
compelling for NRIs who can afford it.
Benefits of Commercial Real Estate for NRI investors:
NRIs keen to invest in the commercial real estate can lease
their property out for long tenures, and their maintenance
remains the responsibility of the tenants. India’s liberalised
foreign direct investment policy, especially with regards to
expatriate participation in its economy as domestic
investors, has made the country’s primary business cities
hot destinations for NRIs focused on office real estate.
NRIs can also avail loans for commercial properties similar
to residents in India but there are differences between the
residential and commercial property loans including interest
rates, loan processing fee, tenure of loan, age of the
property etc. Hence, NRIs must do their due diligence
before opting for one.
Industry Insider
39August 2019