With an aspiration to be a revolutionary home-grown manufacturer of construction equipment and to strengthen the construction sector by introducing innovative machines, Dr. Vikram Mehta established Spartan Engineering Industries and subsequently developed the safest and most revolutionary hoists like the multi-functional material hoists in India, which won him recognition and established the Spartan brand as a strong contender in the construction sector.
“The construction business in India is developing due to ongoing urbanization, impending infrastructural projects, and a growing population base,” says Dr. Vikram Mehta, MD, Spartan Engineering Industries. “The construction industry is the third-largest contributor to the country’s economic growth, with significant opportunities prevailing ahead as well. The growing public sector projects are boosting the burgeoning Indian construction industry. With various reforms being adopted, the Indian construction sector has seen both disruptions and optimism in the recent past. In addition, new technologies are reshaping the way the construction industry operates and is managed in India, and hence it is also one of the major drivers of the industry.”
“My advice to emerging players in this industry is to be patient, persistent, and to have confidence in the growth of the Indian economy. India is already on its way to becoming the world’s fastest-expanding economy, and the construction industry will benefit greatly as a result.”
Spartan was responsible for introducing one of the most advanced, safe, and innovative hoists – the multi-functional material hoist, which established Spartan as a well-known brand in the field of hoists. It also positioned the company amongst the top names in the Construction Equipment Manufacturing Industry. Along with retaining a solid market share, the brand has achieved many milestones. Even during the pandemic, Spartan was able to accomplish record business.
“The pandemic has taught us a lot of things and has also impacted the way businesses are conducted. Spartan’s mission throughout the pandemic was to stay in contact with our nationwide customers, ensuring that all deliveries were made on time and that services were offered wherever possible,” says Dr. Vikram Mehta.
Awards & Achievements of Dr. Vikram Mehta
A Wharton University alumnus, Dr. Mehta holds a bachelor’s degree in Production Engineering and an MBA. A dynamic and passionate second-generation entrepreneur, his drive for innovation and for bringing a paradigm change in the construction business led to the development of mechanized solutions, followed by manufacturing of Construction Equipment in 2005. He has won the following awards and accolades over the years:
- Awarded ‘Honorary Doctorate in Construction Industry’ by Colombo University
- Glory of India Award for Young Entrepreneur
- Bharat Vibhushan Samman Puraskar from Global Achievers Foundation
- Jewel of India Award for outstanding achievements by International Institute of Education & Management
- Golden Citizen of India Award for outstanding achievements by National & International Compendium
- Great Entrepreneur of India Award by Indian Organization for Commerce & Industry, Delhi
- ‘Navratna of Construction Industry’ by BAI (Builders Association of India) for his innovation in hoists
He informs that Spartan’s primary goal is to improve productivity, speed, and safety in the construction and infrastructure industries by providing advanced mechanized solutions that save customers money, time, and effort. “Our aim is to achieve this and become a leading Indian MNC by establishing our brand in 25 countries. We also aim to become a Rs. 500 crore diversified group with a 10% net profit by 2026.”
The Construction Industry is on the growth path post the pandemic and the company is geared up to find opportunities in the slew of infrastructure and real estate projects announced by the Government. “Spartan is prepared to seize these possibilities. We intend to direct our global operations from our 3,500 sq. ft. corporate office in a prestigious commercial hub. We will also improve our global infrastructure by opening offices in Dubai, Brazil, and Colombo with the aim of garnering a major market share in ten countries. We also see ourselves becoming India’s largest manufacturer of Racks, Ramps, and Pinion Hoists, including for the Rental and Refurbishment markets,” avers Dr. Mehta.
