This Entrepreneur Shows How Persistence Pays

As the footprint of IT services and manufacturing grows in India, SESIPL is confident of doubling its revenues to around Rs 1,000 crore in the next five years. We are looking at employing around 10,000 people as our revenue grows in coming years – Rajesh Shetty, MD, Shankar Electricals Services (I) Pvt Ltd

From Rs 725 monthly salary to building a company with close to Rs 500 crore turnover, Rajesh Shetty’s entrepreneurial journey is inspiration to many.

Rajesh Shetty, the Founder & Managing Director of Shankar Electricals Services (I) Pvt Ltd (SESIPL) started his entrepreneurial journey in 1998. Just after completing his diploma in electrical engineering, he worked as a trainee in public sector enterprise-ITI Ltd for a monthly salary of Rs 725. But the fate has a different calling. During his stint as a maintenance engineer in a private firm, he was accidentally asked to form a company of his own for serving a client (Mascot) due to its expanded operations in Bengaluru. And as they say, there has been no looking back since then. SESIPL counts most of the Fortune 500 companies, operating in India as its clients. From Amazon to Google to Tata Group, the company has an impressive client list on the back of its efficient management in electrical engineering space.

Not only that, Shankar Electricals has been associated with the execution of electrical project work of Ram Mandir at Ayodhya. The company has been the sole vendor for execution of electrical work at the holy site, reflecting its superior track record.

“I got my first business from Mascot in 1998. And there is no looking back from then. We got clients like Tata Elxsi & Sonata Software within 1-2 years of starting the operations. Now, we serve several marquee clients in the last 27 years. Around 4,500 to 5,000 people are currently working with us,” Rajesh Shetty, Founder & Managing Director of SESIPL told the BizzBuzz in an interaction.

“Amazon centres across India, and Google centres across the country are being managed by Shankar Electricals at this point of time. The company takes care of the routine management of electrical equipment from transformers to air conditioners to UPS & generators and all other sophisticated equipment. We also provide plumbing and carpentry services. Another vertical of our company is into contract execution under which we execute large electrical contracts across India,” Shetty added.

SESIPL counts most global technology giants operating in India as its clients. Its track record has also helped it to associate with new technology players. For instance, the company has executed electrical projects for chip maker, Micron Technology’s data centre project in Hyderabad. As the footprint of IT services and manufacturing grows in India, SESIPL is confident of doubling its revenues to around Rs 1,000 crore in the next five years. “We are looking at employing around 10,000 people as our revenue grows in coming years,” Shetty said.

Moreover, the company has been leveraging emerging technologies like AI and data analytics in its project execution. His word of advice to budding entrepreneurs is that never give up as persistence wins.