Bevcon focused on improving operational efficiency

June 17, 2013 8:51 am

“We have achieved highest ever turn over, although our main source of business comes from power sector”
– Y. Srinivas Reddy, Managing Director, Bevcon Wayors Pvt. Ltd.
Bevcon Wayors provides total concept of commissioning solutions to all material handling applications. It manufactures conveyors, crushers, screens, feeders, dust extraction, pneumatic conveying, new generation material handling equipment like sandwich conveyors as well as sidewall conveyors and stockyard equipment like stackers, reclaimers etc. Y. Srinivas Reddy shares why Bevcon is doing great for the last 3 years with 20 per cent YOY growth. Achieving highest ever turn overLast year, Bevcon’s performance was good in spite of market challenges. The company has achieved highest ever turn over, although its main source of business comes from power sector. Having clear forecast strategy in place, Bevcon has generated business in material handling segment. Considering the serious glut in cash flow in the market, the company had challenges in keeping cash collection cycle in control otherwise it’s satisfied with outcomes. Moving forward among shortcomingsAny growing organisation’s shortcomings are integral part of the business. Intelligence lies in forecasting, acknowledging the same and implementing corrective action instantly. Bevcon strongly believes that moving forward is the best solution. Strategy to perform wellAs a strategy, Bevcon has enhanced its products to reach majority of the industry. It has mitigatedrisk of doing business with selected sectors that have done badly in the last 2 years and focused value-added critical solutions of the industry. Strategies to deal ongoing constraintsThere are no major constraints for us to grow. Improving overall economy will definitely boost the prospects. Bevcon has chalked out various strategies to have 38 per cent growth. Growth initiativeIn the last 1 year, Bevcon has initiated number of measures which are meant for improving internal as well as external business prospects. Last year, the company has initiated numerous measures of best HR practices, PMS and restructuring and recruitment of senior teams for critical positioning and focused a lot to improve operational efficiency across the organisation. It has signed two major technology transfer agreements with foreign collaborators which will take organisation to better level-playing field in the market. It also created exclusive exports cell to tap overseas market. Innovation is passion for Bevcon teams. The company has specific department called TDG (technology development group) which produced largest new equipment in the last year. Share of manufacturing in GDPIncrease in share of manufacturing in GDP will create abundant opportunities for manufacturing sector. In turn, it will improve the infrastructure of the country, and undoubtedly employment opportunities will also grow drastically.