Vectus Industries is a fairly young company. Briefly tell us about your journey so far.
I and Atul Ladha, the promoters of Vectus Industries Limited are the first generation entrepreneurs. However, the history of Vectus Industries dates backs to 1990 when I started my first water tank manufacturing capacity in Uttar Pradesh and Atul started his at Gwalior in 1991.
While I focused primarily in expanding in U.P and North India, Atul went on geographical expansion and established Rotomoulded units in Gwalior, Raipur, Bhopal and Jaipur. Later in the year 2004 both of us joined hands and established Vectus Industries on the back of the marketing strength that they both had gained during the last two decades.
Plastic piping segment was also witnessing a tremendous growth at that time and hence we decided to diversify into plastic piping business under the Vectus brand. We had already generated immense goodwill in the market by our water tank business and so, it was not difficult to sell the products in the same distribution network.
Gradually, in addition to the existing water tank business we kept on adding new piping products - PVC, CPVC, PPR, Composite, HDPE etc. under the wide umbrella of Vectus Industries and simultaneously witnessed tremendous growth rate of 30-35 percent for the next couple of years.
In 2008, we came in contact with an indigenous machine manufacturer who used to manufacture blow moulding machines of lower capacity. I and Atul then formulated the idea of using blow moulding techniques for manufacturing water tanks of the capacity greater than 200 litres.
Although, the idea was a risky proposition but both agreed to take the risk and with a spirit of innovation and enthusiasm we introduced for the first time in Asia a new technology — ‘the blow moulding process' for manufacturing water storage tanks ranging up to 2,500 litres.
Later in 2013, we inked a technical collaboration deal with Flotek, a Turkish Company. With the help of Flotek, we built up the capacity to product Euro standard manholes/sewerage systems and underground water tanks. This collaboration positioned Vectus as one of the few companies with domestic production and execution capabilities in the said space.
In the same year, Vectus Industries ventured outside India and entered into a joint venture with local partners to manufacture water tanks under the brand name of ‘Vectus'. With aggressive business expansion plans in mind, Vectus went a step ahead in 2014 and secured a private equity funding of Rs.100 crore from a South East Asian fund.
Today, Vectus is one of the leading companies in India involved in processing of all major polymers like Polypropylene, Polyethylene and PVC by using all major technologies like extrusion, injection molding, blow molding and rotational molding. The company's products are available under the brand names ‘Vectus', ‘Ganga' and ‘Waterwell'.
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