Great Companies: How did you get your idea or concept for the business?
Monish Shete: The company was started in 1983 by my father, Mr. Suhas Shete. He foresaw a need for providing low cost automation at a time when labour costs and supply were in abundance. He was a visionary who could foresee the future requirement of automation not just for reducing labour but mainly for improving quality of the process. To this end, he started Elscint as a provided of automation solutions for part handling needs.
Great Companies: What are the various services provided by Elscint India Pvt Ltd
Monish Shete: Elscint manufactures small part handling systems like vibratory bowl feeders and centrifugal feeders. It provides a comprehensive solution for part feeding needs of its customers by using its standard products and customising the same for the particular needs of its customers.
Great Companies: What makes Elscint India Pvt Ltd different from hundreds of other similar service providers?
Monish Shete:
Elscint works on a concept by which it uses its standard products and customises the same for particular needs of the customer application. This helps the customer find a solution to their feeding and other similar problems. Further, build quality of Elscint products is such that they not only provide long lasting service but superior performance with the least amount of maintenance. This makes Elscint different from similar companies.
Great Companies: What were the struggles and challenges you faced and how did you overcome them?
Monish Shete: Struggles in this business is finding the right type of employees, training and retaining them. This type of work is a specialised work and a fresh or even experienced person requires a lot of training before he can master the knowledge. Most don’t have the patience to stay for a few years so that they can learn the work. Hence, the struggle as well as challenge in this line of business is getting and retaining the right type of employee. To overcome this problem, Elscint has designed proper training tools which help new employees understand get trained faster. It leads to their own improvements.
Great Companies: How do you plan to grow in the future? What does 5 years down the line look like for Elscint India Pvt Ltd?
Monish Shete: For further growth, Elscint has earmarked increasing of exports. Right now exports constitute 30% of turnover. The plan is to make these 60% of turnover in the next 5 years. Further doing more value addition in the automation field is another way which is being looked into for increasing the business in the next 5 years.
Great Companies: If you had one piece of advice to someone just starting out, what would it be?
Monish Shete: The main advice for anyone starting a engineering product company is = Work for ensuring customer satisfaction with robust products. Do not compromise on the quality and build quality of your products.
Website : www.elscintautomation.com