Nandury V.L.Narasimha Rao, CEO at EGEE PALLET PRIVATE LIMITED
Great Companies: How did you get your idea or concept for the business?
Nandury V.L.Narasimha Rao: There is a huge opportunity in this area of the business. The pallet industry is a $10,000,000,000 industry. That means the pallets used to carry around consumer goods are worth more to the economy than most people can even comprehend. Palletization will definitely improve OPEX of the customer. Customers operating expenditure that include Turnaround Time of vehicle and labor cost will increase by moving goods individually. Pallets are used to stack, store, protect, and transport materials in bulk during the course of being handled by materials handling equipment such as forklifts, pallet jacks or conveyors, being stored in racking or bulk storage or being positioned in transport vehicles. Palletization makes them a low-cost, effective way to get goods from point A to point B.
Great Companies: What are the various Services provided by EGEE PALLET PRIVATE LIMITED
Nandury V.L.Narasimha Rao: We provide a cost effective solution to our clients. Using our pallets for storage and movement, our clients has saved nearly 50% of their operating cost and 25-30% on the turnaround time (TAT) of their transport vehicles. Along with Wooden pallets we are trying to introduce a new concept – WPC Pallets (without nails) which are fabricated from the wood waste and plastic waste. When the client leases our pallets for their ware house instead of purchasing, it allows them to concentrate on their core business with the saved opportunity cost
Great Companies: What makes EGEE PALLET PRIVATE LIMITED different from hundreds of other Manufacturing firms?
Nandury V.L.Narasimha Rao:
We try to avoid all middlemen in process of manufacturing & leasing of pallets. We have our own in-house technical team to timely respond to the client’s needs. Quality is the mantra EGPL is religiously follows while selling or leasing the pallets. EGEE pallets offer good structural rigidity and maintain product reliability. Pallets life will be extended by strict quality control and maintenance standards. All the fabricated pallets will undergo stringent quality process. At EGPL, staff is readily available to the customers for any service/maintenance at short notice of 48-72 Hrs.
Great Companies: What are the struggles and challenges you face?
Nandury V.L.Narasimha Rao: Biggest struggle is to get right Funding at the right time as pallet manufacturing requires huge capital. Challenge is to meet customer expectations with low cost for leased pallets.
Great Companies: How do you plan to grow in the future? What does 5 years down the line look like for EGEE PALLET PRIVATE LIMITED?
Nandury V.L.Narasimha Rao: Would like to have 10 WPC pallet lines with a capacity to produce 75000 pallets a month from the present proposed capacity of 7500 pallets a month. With a huge opportunity in the logistic industry, we are very much optimistic about our vision of making 1Mln pallets available for the clients by 2023-24
Great Companies: If you had one piece of advice to someone just starting out, what would it be?
Nandury V.L.Narasimha Rao: Perseverance. Always remember the words from Dr. Robert Schuller – “Tough times do not last but tough people do”