Shri Radha Krishna Gases and Gas Plant Leasing Company, part of Ved Group of Firms & Industries is one of the leading players in industrial gas solutions with technology and solutions at par with global majors in the field. With an ambitious expansion plan of 100 plants pan India by 2026 with eco-friendly emissions, the company is all set to make India atmanirbhar in industrial gas production.
If you were to ask, why the Western countries are ahead of India in quality industrialization? “Technology Ideation, Innovation and Initiation – are the key areas where the Western world leads Indian companies today. However, that picture is changing as the Indian business community has made rapid strides in competing and bettering their Western counterparts”, says Sunil Jayraj Ved, Director of Ved Group of Firms & Industries, in an exclusive interview with Machine Maker.
Shri Radha Krishna Gases and Gas Plant Leasing Company is led by Sunil Jayraj Ved and is proving to be a worthy opponent of the leading players in global manufacturing. “Ved Firms – Shri Radha Krishna Gases and Gas Plant Leasing Company is a case in point. Our innovation, cost-effective solutions and technology adaptation is second to none, hence we are a popular choice of Indian as well as the growing list of international businesses”, shares Sunil, talking about his company and its leadership in the industrial gas segment.
Inspiration to Indian Manufacturing SMEs
Founded by Seth Shri Kantilal Visanji Ved five decades ago, Ved Group of Firms & Industries is a quality and solution-oriented engineering firm with over 25 years of expertise in the field of industrial gases and compressed air solutions, providing non-cryogenic technology. Headquartered at Jalgaon, Ved Group of companies have their presence in seven states, 15 cities and 30 plants. One of the oldest firms from India’s manufacturing capital Maharashtra, Ved Group was initially dealing in Coal, and further expanded to businesses in Gases, Welding Consumables, Equipment &Accessories, Cinema Carbons, and Food Retailing.
Winner of the Best MSME Award by IIM for the year 2019-20, Ved Firms headquartered in Aurangabad, has been around for over 50 years and continues to stand out amidst several disruptions in the market. The reason behind this has been the fact Ved Group prioritizes solution and customer-oriented innovation over all else. An ISO 9000: 2015 certified company Ved Group of Firms & Industries have their corporate office at Aurangabad, and manufacturing plants in Maharashtra, Gujarat, Kerala, Goa, Tamil Nadu, Puducherry and Telangana.
“From the very beginning, over five decades ago, the 'Customer Grows, We Grow' philosophy set us apart in the markets to this day. Being solution-oriented and customer-centric innovation has been Ved Firms – Shi Radha Krishna Gases and Gas Plant Leasing Company's hallmarks over the years”, he adds.
As a result, despite disruptions in technology, markets and competition – Ved Firms – Shri Radha Krishna Gases and Gas Plant Leasing Company stands tall, serving emerging markets across India and expanding overseas too. They were also featured in many prestigious platforms, including Global Linkers and Jet Wings Magazine of Jet Airways as an SME Inspiration, led by Sunil Jayraj Ved.
Ved Firms serves more than 20 industrial verticals, consistently meeting the growing demand for nitrogen supplies. Now, the group has expanded to become a notable supplier to segments such as aerospace, petrochemicals, automotive, hospitals, food etc.
Making a Difference
“I see many companies have entered this domain as an opportunity to make some quick money without the necessary expertise or experience. It is widely believed that the process of gas generation is fairly automated and it will self-generate “revenues” for their business. I am scared of that type of thinking,” shares Sunil.
He elucidates, “If due diligence in setting up equipment or having the right know-how to scale to customer requirements and demands is not shown, both the customer and supplier stand to lose in the long run. I have seen quite a few of these cases over the years.”
Ved Firms is different from other companies in the same venue in the sense that it takes pains to make its customers feel that they are part of the same team. This creates a sense of empathy that leads to robust client-supplier partnerships and consequently, enormous growth. For instance, the nitrogen gas generator of the company requires no initial upfront, comes with an on-demand gas supply and requires a nominal maintenance fee.
“No investment upfront, on demand supply of gas for operations and a very nominal maintenance fee – make it an absolutely win-it-all situation for businesses. No wonder, we have a big queue of businesses lining up for this idea shifting away from the traditional systems. Our plants are standby design plants having like two plants for your operations”, he adds.
Safety First Policy: Optimum Productivity with Zero Hazards
“There will always be risks from hazards and accidents if planned infrastructure and measures are not put in place. This is generally avoiding to save costs putting businesses at bigger risks of losses of property and brand”, said Sunil. But at Ved Firms, their principle is simple – there cannot be prosperity without safety.
To curtail hazards from industrial gases, Ved Firms has a strict safety-first policy. As their plants operate at low pressure, the chances of the accident are negligible. Of course, man-operated machines are always subject to the risk of human error. To prevent the consequences of any possible oversight, the engineers of the company have developed foolproof equipment and ingenious solutions to ensure optimum productivity with zero hazards.
“Gas Cylinders come with High Pressure and are a real risk of handling, transportation etc., our Plants are Low-Pressure Plants, hence accident chances are really nil. Our design experts and engineers develop fool-proof and security-savvy equipment and solutions to ensure business operations deliver optimum productivity without risks and hazards to personnel or property”, he added.
COVID-19: Performing under Pressure
Commissioned by Ved Firms in Jaisalmer Government Hospital
“Lockdowns are never going to be nice; they cripple businesses and life overall. The COVID-19 and the lockdown did throw life – out of gear – for almost everyone. But, as they say – some look at it as a disaster and fall, others see it as an opportunity and rise”, he said.
It is hard to overstate the devastating effects of the coronavirus pandemic. On the commercial front, many industries and businesses came to a standstill. However, Ved Firms saw the light in the darkness. Even as the pandemic continued to affect the world, Ved Firms utilized this time to invest heavily in research and development with superlative results.
“We have looked at this period to strengthen our technology, develop even better solutions, research markets for future opportunities, improve our brand identity and build an even stronger customer connect – assisting them tide through rough waters. We believe this focus gears up for a bright future overall”, adds Mr Ved.
Sunil believes that situations like these test your true character and separate the performers from pretenders. “It feels very nice and on cloud nine when your customers call you to thank you, that because of your gas plant our plant is running in spite of Gas Shortages”, shared an elated Sunil Jayaraj.
Indian Manufacturing & Way Forward
As per the reports, the Indian industrial gases market is expected to witness growth with over 11% CAGR and reach ahead of 3.9 billion dollars in 2023. The forecast is attributed to the fast-growing demand from the metal industry, particularly steel. Besides, automobile, refinery and chemical companies aligned with the rising number of new applications of industrial gases are further facilitating the demand for the industrial gases in the country as well as in the global market. Adding to this, the booming rates of the exponential growth and healthcare sector, Food and beverages sector is also subjected to an optimistic forecast.
Acknowledging the rising rates of industrial gas demand in the world, Ved Firms continues to strategize the actions plan to grab this opportunity to emerge as a leader in Industrial gas manufacturing. In the next five years, Ved Firms intends to fulfil its objectives of fuelling Indian factories with their gas solutions – at least 1 trillion tones – to provide completely environment-friendly emissions, and mark its place as a global powerhouse in the sphere of industrial gases.
“Atmanirbhar Bharat initiative of Government is really working great for the manufacturing sector. Continuing growth in the country’s healthcare sector and booming food & beverages sector is anticipated to augur well for the industrial gases market in India through 2023. We have two key goals – as India powers its economy through the Atma-Nirbhar Bharat vision – we would like to fuel corporate factories with our gas solutions to the next level”, the visionary leader of Ved Firms concludes proudly.
