‘WAPCOS is aspiring to be a Navratna company’

NEW DELHI: WAPCOS, a public sector enterprise (PSU), was established in 1969, under the ministry of water resources, river development and Ganga rejuvenation. The aim was to share India’s experience and expertise in water resources, power and infrastructure development with friendly developing countries. With its own pool of engineers and scientists, WAPCOS now has a presence abroad with moderate growth in turnover over the years. Speaking to HT, RK Gupta, CMD, WAPCOS Ltd, said he is confident of transforming it into a major public sector company in India. Excerpts from the interview:

What is the vision of your company?

Our vision is to be a premier consultancy organisation, recognised as a brand in water, power and infrastructure development for total project solutions in India and abroad. The company concentrates on providing concepts to commissioning solutions, capacity building, brand recognition and penetration into new markets.

Has the brand building got traction abroad?

Yes, the company now has a presence in 40 countries in Africa, the Middle East, South America and Asia and all states in India, up from just eight globally. We plan to procure business in Latin America and CIS countries in the near future. It is now a Mini Ratna-I ISO 9001:2008 accredited organisation aspiring to become a Schedule ‘A’ Navratna Company.

What services do you offer now?

WAPCOS offers a wide spectrum of services covering pre-feasibility studies, feasibility studies, simulation studies, diagnostic studies, socio-economic studies, master plans and regional development plans, field investigations, detailed engineering including designs, detailed specifications, tendering process, contract management and construction supervision, commissioning and testing, operation and maintenance, quality assurance and management, software development and human resource development. We specialise in identifying the project gaps and filling them to ensure the success of the project.

How has the financial performance of the company been?

I envisioned in the beginning, when our turnover was only `200 crore, that we would become a `500 crore-plus company in five years. We did it in just three years. In the financial year 2014-2015, we have registered a gross income of `928 crore.

What is your vision for the future of the company?

To make it an organisation that will be admired by all.