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BW Businessworld

Growing The Family Legacy

With a Rs 1,450 crore order book, the group had a topline of Rs 350 crore in the last fiscal. The company will be going for an IPO next year

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Chiranjiv Patel could have done his own thing to make a mark for himself in business, as is often witnessed in many business families nowadays. In fact, he almost did that when he started life as an entrepreneur at the age of 23 with his own chemicals business.

But the call of the family business prevailed when he decided to carry forward the legacy by taking the family business — PC Snehal Group of Com­panies — to newer heights. The fam­ily business is known for constructing more than 250 iconic structures na­tionwide, which reflect the culture and heritage of the city they are located in.

The PCS Group, which he now heads, boasts of such infrastructural landmarks in Gujarat as the Manijalpur Sports Complex in Vadodara, BRTS Janmarg, Institute for Plasma Research and the Gujarat Univer­sity Convention and Exhibition Centre in Ahmedabad, Bindu Sarovar in Siddhpur,  among others.

“Until I joined my company, we only liai­soned with government infrastructure proj­ects, which I felt restricted the scope of the work done by the company. When I stepped in, our company started taking up private infrastructure projects. My first project was around Rs 200 crore, which, I believe, had a major impact on the company’s diversi­fication in private infrastructure. Another change that I went in for was when I started working on joint venture projects and ex­panded our operations from two states to almost seven states now. This gave enormous boost to the turnover as well as opened new doors for us,” states Patel, in response to queries sent by BW Busi­nessworld over email.

However, PC Snehal Group continues to be well established in the government infrastruc­ture space by virtue of having built structures like sports complexes, hospitals, flyovers, un­derpasses, water distri­bution networks, drain­age systems and power projects.

As part of Patel’s strategy, the group brought in joint venture partners and en­couraged old employees to become associate partners and lead those projects by giving them a share in the profits, thus ensuring great results and faster growth.  
It is to Patel’s credit that the company, which till 2004 was only working in Ahmed­abad, ventured out of the city and by 2010 out of Gujarat state in search of newer and bigger projects. It also entered into contracts for design, build and maintenance of water dis­tribution and drainage projects across nine states in India, making it the fastest growing infrastructure company in water distribu­tion and drainage projects. With an order book of Rs 1,450 crore, the group registered a topline of Rs 350 crore in the last financial year. The company will be going for an IPO next year.
“With the widening horizon, I can see the company working across India in the next five years with a lot of innovation in technol­ogy and leadership,” says Patel.

A third-generation entrepreneur, Patel, who was born and raised in Ahmadabad, is  computer science engineer from PES In­stitute of Technology, Bangalore and holds an MBA in International Marketing from Manipal University. A founder-trustee of Karma Foundation, Patel also serves on various boards and is council member (Gujarat) and chairman (membership committee – Gujarat), FICCI (Feder­ation of Indian Chambers of Commerce & Industry). He is the founding mem­ber of the Entrepreneurs’ Organisation’s Gujarat chapter, which currently touches the lives of 49 en­trepreneurs in Gujarat.

When asked about his message for others, he responded: “It’s not just about generating revenues. Real success and happiness also comes from getting rec­ognised in society.  When you give back (to society), not only in terms of money but in terms of your precious time, that will be your ultimate success, which  provides immense happiness to you as well as motivates your peers as well. This will help the youth to navi­gate a new direction of life.”

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magazine 29 september 2018 40 UNDER 40 startup