A Power-Packed Punch of Good Qual­ity, on-Time De­liv­ery, and Best Pric­ing

Business Sphere - - INDUSTRY - By Our Cor­re­spon­dent

Things au­to­mat­i­cally fall into place when one is a power-packed unit com­bined with qual­ity prod­ucts and on-time de­liv­ery sched­ules. It is a proud and happy unit which can preen about such out­stand­ing qual­i­ties in their work ethos. Such is the sureshot case with VSP En­ter­prises Pvt. Ltd. “This Com­pany is pri­mar­ily en­gaged in man­u­fac­tur­ing steel and so­lar struc­tures, cable trays, telecom­mu­ni­ca­tion tow­ers et al. This firm has a cent per­cent record of re­tain­ing clients”,says il­lus­tri­ous & age­less Mr. Palaram, Direc­to­rof VSP En­ter­prises Pri­vate Lim­ited. This list in­cludes names like Larsen & Toubro Ltd., Power Grid Cor­po­ra­tion of In­dia Ltd., NTPC, Al­stom T&D In­dia Ltd., Lanco Group, Cromp­ton Greaves Ltd., Bharat Heavy Elec­tri­cals Ltd., ABB In­dia Ltd., Siemens Ltd., Bharat Bi­jlee Ltd., KEC In­ter­na­tional Ltd., Go­drej & Boyce Mfg. Co. Ltd., C&S Elec­tric, Fed­ders Lloyd Cor­po­ra­tion Lim­ited, HYOSUNG T & D IN­DIA Pvt. Ltd, Ster­ling & Wilson Ltd., Sra­van­thi Group, Sch­nei­der Elec­tric, Tata Projects Ltd., EMCO Ltd., Mon­te­carlo Ltd., NCC, Mo­han En­ergy Cor­po­ra­tion, Trad­ing In­ter­na­tional, Reliance Jio, Bharti Air­tel, ZAMIL Group, ATC and State Elec­tric­ity boards like Pun­jab State Power Corp. Ltd., Power Trans­mis­sion Cor­po­ra­tion of Ut­tarak­hand Ltd., Haryana Vidut Prasha­ran Nigam Ltd., Rajasthan Ra­jya Vidyut Prasha­ran Nigam Ltd., Gu­jarat En­ergy Trans­mis­sion Cor­po­ra­tion Ltd.,Andhra Pradesh Power Trans­mis­sion Corp., Tamil­nadu Power Trans­mis­sion, Bi­har State Power Trans­mis­sion Corp. Ltd., Jhark­hand Urja San­cha­ran Nigam Ltd., Jhark­hand Bi­jilee Vi­taran Nigam Ltd. etc. And some Clients like Larsen & Toubro Ltd., NCC and LANCO even give or­ders to VSP En­ter­prises Pvt. Ltd. for over­seas projects as well. In ad­di­tion, con­tracts come in from coun­tries like IRAQ, KENYA, ZAM­BIA, ZIMBAMBWE, ETHIOPIA, LIBERIA, JOR­DAN, MALAWI&TAN­ZA­NIA etc. The com­pany has stu­pen­dous cer­ti­fi­ca­tions like OHSAS 14000 and 18000. The raw ma­te­ri­als which are used for man­u­fac­tur­ing pur­poses in­clude steel and zinc. These are sourced from Hin­dus­tan Zinc Ltd., SAIL, RINL, TATA, Jin­dal, ES­SAR and clients ap­proved sources. VSP En­ter­prises Pvt. Ltd. recorded a turnover of Rs 124crore in 201617. This was a big jump com­pared to the gross­ings of Rs 110crore from

2015-16. Also, these fig­ures are slated to touch Rs 160 crore in 201718.Roughly speak­ing, this trans­lates into a growth rate of about 20 to 30 per­cent each year. The com­pany, es­tab­lished in 2004, teed off with an ini­tial in­vest­ment of Rs one crore. This con­cern steam­rolls aheadon the ba­sis of­work and sup­port pro­vided by Shanti Devi, Direc­tor, and Mr. Ashish Ku­mar, Direc­tor, as well. They form the core team which pro­vides to­tal strength and guid­ance to VSP and are the brain, heart and soul be­hind this en­ter­prise. In­ci­den­tally, this 350 em­ployee man­u­fac­tur­ing en­ti­ty­has recorded a whop­ping 90 per­cent re­ten­tion rate of its work­ing ranks. Pro­duc­tion work is done in two units, one each based in Sonepat, and Sa­malkha. “We take a lot of care not just of qual­ity and timely de­liv­ery but also of­fer the best pric­ing in the mar­ket,” says Mr. Palaram. The com­pany spends Rs 1.5 to Rs 2 crore for re­search and de­vel­op­ment work each year. Some of the main on­go­ing projects in­clude one Rs five crore con­tract for Larsen & Toubro in Andhra Pradesh, and an­other Rs 24 crore con­tract for the UP govern­ment. The com­pany is very much in­volved in CSR ini­tia­tives, and some of these in­clude run­ning a govern­ment girls’ high school, ren­o­vat­ing a vil­lage tem­ple and pro­vid­ing elec­tric­ity to a vil­lage as well. VSP En­ter­prises Pvt. Ltd. chugs along on the ba­sis of a very eth­i­cal vi­sion and goal. This is to “grow at a rate of at least about 20 per­cent each year and to record a turnover of Rs 300 crore or more by 2022 AD.”The ba­sic credit of all of its suc­cess is ac­corded to “sheer hard work, hon­esty, and work­ing in a friendly man­ner with em­ploy­ees as well as clients,” smiles Mr. Palaram. Also, “we be­lieve in hav­ing trans­parency with all those we are con­nected with, and of course, noth­ing hap­pens in life with­out God’s grace,” he con­tin­ues. The mes­sage which comes out rather strongly from VSP quar­ters is that “one should be reg­u­lar in work and suc­cess au­to­mat­i­cally fol­lows.” That suc­cess will keep on al­ways knock­ing at its doors is some­what of a surety when a com­pany is em­pow­ered and egged on by a voice as pow­er­ful, pure, con­fi­dent, sin­cere, and ded­i­cated as that of VSP En­ter­prises Pvt. Ltd.And surely they will keep their flag hoisted very high and mighty, tow­er­ing above all else in their niche of op­er­a­tions.

Palaram, Manag­ing Direc­tor

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