3000% growth in 5 years: How the Rajani siblings scaled up Seya Industries
A lot of the credit for this progress goes to Pooja Rajani, daughter of chairman Ashok Rajani.
By ET Bureau |
Agencies
From left: Narendra Rajani, AshokRajani, Amrit Rajani
In 2017, Seya Industries Limited ranked number one on a list of fastest growing companies. In five years, it has posted almost 3,000 per cent growth in net profit and a sales growth of 870 per cent.
With her ability to tap the capital market at the right time and taking advantage of the boom in the chemical market, Pooja was instrumental in getting the company relisted on BSE in 2015.
An MBA in finance, Pooja has used her understanding of the market to maximise revenues and expand the company’s market share. Her aim — to boost shareholder value. Pooja has used her understanding of the market to maximise revenues and expand the company’s market share And it’s not just business that has her attention. Pooja is as involved in CSR activities — from promoting education to feeding the needy to construction of toilets in villages — as she is in the running of the company.
Pooja joined her brothers Amrit and Narendra to help grow their father’s business, which was set up in 1982.
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Amrit, a chemical engineer from Mumbai University, is the chief operating officer of Seya. He has revamped and rationalised the chemical business with his knowledge in chemical manufacturing, specifically in the areas of mass scale commercial production and development of new technologies for increasing productivity and decreasing cost of production.
Narendra, on the other hand, is an IT engineer with expertise in civil, instrumentation and construction work. He has worked towards making the infrastructure facilities of chemical projects world class and automated.
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