¨Diversification using our core competencies of EPC business helped us grow.¨
- C Venkataramana, Director, Sunil Hi Tech Engineers Ltd
A major EPC company, the story of Sunil Hi Tech Engineers Ltd (SHEL) is the transformation of a proprietary company into a growth giant with quality-led innovations for the power, construction and infrastructure industries. In 2014-15, SHEL strived to ensure fast-track execution, resulting in top-line growth of 15 per cent. In terms of bottom line, it looked inward and brought in financial discipline and manpower rationalisation, resulting in a 44 per cent increase in profit before tax, despite delayed payments from government clients.
¨Diversification into areas using our core competencies of EPC business helped us grow,¨ says C Venkataramana, Director, Sunil Hi Tech Engineers Ltd. ¨Further, we have kept away from BOT projects and concentrated only on EPC and annuity projects from government agencies. In the power sector, we took orders only from government agencies such as BHEL and NTPC rather than private power producers who were not in great fiscal health.¨ With the efforts of the past two years, the company has been able to shift its order book ratio in the power sector vs others from 100:0 to 75:25. Over the years, it plans to change this to 50:50 to overcome dependence on one sector and has already formed a subsidiary of infrastructure business with leading professionals from the sector.