Embarking on a second enterprise in entrepreneurship comes with a smoother path, but it requires a deep understanding of the evolving market and a dedication to including related worth to the product, in keeping with Yogesh Mahansaria, managing director of Mahansaria Tyres Pvt Ltd, who burdened the significance of staying present with market dynamics.
“The market is dynamic and modifications every single day…you should take the hassle to deliver your self on top of things,” Mahansaria suggested throughout his tackle on the Mint India Funding Summit 2024.
After a decade-long innings at tyre producer Balkrishna Industries, Mahansaria ventured into entrepreneurship in 2007.
Backed by personal fairness agency Warburg Pincus, he acquired Alliance Tire Group, an Israel-based maker of off-highway tyres, in 2007. In April 2013, KKR purchased out stake held by Warburg Pincus and Alliance Tire Group was acquired by the Japanese Yokohama Rubber Firm in July 2016.
“Once you begin constructing one thing, exit is just not in your thoughts, or it shouldn’t be in your thoughts. The main focus must be on constructing an excellent enterprise that may maintain over time. In 2007, we targeted on the best way to construct a stronger enterprise and we grew it to dimension and scale. After we had been approached by Yokohama, it was the correct time for the corporate to have a everlasting residence,” he added.
Recognizing the potential in India’s off-road tyre market, Mahansaria re-entered the sector after a three-year non-compete clause with Yokohama. He has since initiated two ventures, Mahansaria Tyres Pvt Ltd (MTPL) and SYAM Trelleborg Tires LLP (STTL), aiming to grab manufacturing alternatives within the tyre trade.
The yr 2022 noticed the debut of Reise Moto, a division of the Mahansaria Group, getting into the two-wheeler section with a spread of bike and scooter tyres designed for each off-road and on-road efficiency.
“Had we gone into a brand new enterprise line, we’d have an extended studying curve however shorter than first-time entrepreneurs. Most of the challenges that entrepreneurs face in a enterprise are sector-agnostic resembling finance, human useful resource and so on. There is a bonus to find capital as buyers have seen your monitor report,” Mahansaria stated.
To attain a classy product vary on the entrance finish, Mahansaria leveraged India’s aggressive price and engineering capabilities. He believes {that a} sturdy administration crew and vital capital infusion are essential for shortly scaling an organization. “We try to do considerably bigger issues than earlier,” he stated, noting the rising worldwide acceptance of India as a dependable accomplice and high-quality items and companies producer, regardless of growing world protectionism.
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Printed: 30 Mar 2024, 05:50 PM IST
Supply: Live Mint