This Forbes billionaire started his entrepreneurial journey by setting up an interior decoration firm in the Sultanate of Oman in 1976. With projects like royal palaces, resplendent hotels and mosques in Muscat under his belt, his business enterprise Services and Trade Company soon expanded to Bahrain, Qatar and the UAE. After a phenomenal success in the Middle East, PNC Menon, Founder & Chairman, founded Sobha Developers in 1995 with Bengaluru as its headquarters. A Rs 15 billion company today, Sobha has a pan-India presence with a footprint in 22 cities and 13 states across India. One of the totally backward integrated real-estate player in India, today, Sobha Group is a multinational, multiproduct group with significant interests and investments in the UAE, Sultanate of Oman, Qatar, Bahrain, Brunei, Tanzania and, of course, India. Its area of expertise includes real-estate development, contracting, construction, metalworking, building services, manufacture of construction materials, architectural and engineering design and consultancy, retail, and software. The company has created resplendent masterpieces for the Taj Group, Hotel Leela Ventures, etc. Known for its quality-oriented focus, the company now aims to go green. The company shares its journey with CW.
Name: Puthan Naduvakkat Chenthamaraksha Menon (PNC Menon)
Industry experience: 36 years
Prestigious projects: (in Bengaluru) GEC Mysore for Infosys, Sobha Sapphire and Sobha City in Bengaluru, (in Thrissur) Sobha City.
Landmark awards received:
Major changes in the industry
The construction industry has undergone several radical changes in the past four decades. There has been a perceptible shift towards quality owing to modern technology and the growing appetite of discerning customers. Government policies too have undergone many changes although a lot more is expected in terms of rationalisation of laws and tax structures and a level playing field for all players.
Landmark achievement to date
Global Education Centre, built for Infosys in Mysore, was a challenging and landmark project in terms of size (about 1 million sq ft), aesthetics, functionality and complexity.
To benchmark against the best globally
Corruption and bureaucratic red-tapism are two major hurdles to the growth of the industry. We need to eliminate these.
A feat to attain
Our aim is to be the most respected global builder.
Words of advice to younger players
Achieve perfection in everything you do through dedication, commitment, hard work and unlimited passion.