India’s economy will rise to the occasion with the public investments flocking to the private investments, thus adding the desired motivation for our nation’s infra sector.
August 25: Vatsal Agarwal has proved his mettle in the ever-expanding Infrastructure sector. His company, Simplex Coke & Refractory, which he began using his knowledge and expertise in the infra industry, has helped him take the enterprise to great heights quickly. He turned the company around in a matter of 4 years by boosting its turnover from Rs 4 crores to Rs 100 crores.
Simplex Coke & Refractory is synonymous with superior products and services in the Infra field. Under the guidance of founder Vatsal Agarwaal, the company has become a pioneer in providing high-tech pilling rigs for various infra projects in the country. Some of their prestigious clients in this section include L&T Construction, KEC International, Patel Infrastructure, Tata Project Limited, Sadbhav Engineering, and NKC Projects Limited, among others.
“With various central and state government infrastructure initiatives such as Bharatmala, Sagarmala, UDAAN, among other economic development schemes, the PMGati Shakti Master Plan has brought immediate and enhanced focus on the Infrastructure sector in a big way”, adds Vatsal Agarwal.
Coal company director Vatsal highlights, “this great emphasis on the infra sector has created a multiplier effect on our whole economy. The more we initiate new infra projects, the more the demand for construction materials and employment. Covid might have slowed down our progress, but initiatives like the PM Gati Shakti will help boost the progress and promote connectivity and movement of people as well as goods.”
Vatsal’s contribution is not limited to his maiden company, Simplex Coke & Refractory. He is also actively a participant in the ‘Make In India’ scheme under the leadership of Prime Minister Narendra Modi. For this, he has signed an MOU (Memorandum of Understanding) with the Gujarat government under the ‘Vibrant Gujarat’ scheme to launch new industrial units to tackle the shortfall of coke- a crucial raw material in the infra sector.
Vatsal Agarwaal, Coal Company Simplex Coke & Refractory director, has recently acquired the BSE-listed Stratmont Industries Limited. Simplex Coke is providing high-tech piling rigs on a rental basis since these machines are the foundation equipment used in the initial stages of any infrastructure project, making the business quite attractive and profitable. During the 1st stage of a project, the cash flow and payments are at ease and comfortable. Realizing the high margin of construction rental equipment, Vatsal Agarwal jumped into this sector. Piling rigs are rated the most critical equipment for almost all infrastructure projects.
Vatsal’s hard work and efforts have not gone unnoticed. He has been presented with the ‘Yuva Rattan’ award by Mr. Ganga Prasad, who is the Governor of Sikkim in the 41st conclave of NRI at Constitution club Delhi in April 2022. Yuva Rattan award is rewarded to youth like Vatsal Agarwal for their service to the nation.
India’s progress is linked to its various infrastructure divisions. Be it healthcare, road & highways, power or internet connectivity, the infra sector is an intrinsic part of our overall development, and the government’s focus on it post the pandemic gives us new hope!
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