The manufacturing industry is among COVID-19’s most severely impacted sectors. The subsequent lockdown halted production at the factories, disrupting the whole worldwide supply chain.
To put things in context, 938 of the Fortune 1000 corporations have Tier 2 suppliers in China, while more than 75% of enterprises have “one or more direct or Tier 1 suppliers” from China. For the manufacturing sector, adjusting to the new way of working—the idea of working from home—has been pretty difficult. Transportation, health, and safety costs have significantly increased as a result of the delay in the availability and delivery of raw materials, supplies, and skilled labour.
Supply chain concerns are satisfying the demands of the customers operating in the critical services during the Pandemic Outbreak by adhering to the new health and safety criteria to avoid the spread of the COVID19 across communities and employees and receiving the best results from them. According to Dr. Girish Vaze, CEO, Managing Director, and Chairman of Elcom International, “Seeking on the bright side, the virus has generated chances for Indian manufacturers, as the majority of customers are looking for alternative supply chain options instead of Chinese Companies.”
The non-operational teams of Elcom International have adopted remote working, where conversations take place over video meetings and conferences. Elcom International has been steadily growing its yearly revenue at a rate of 10-15% each year for the last few years. Dr. Girish continues, “As the situation requires due to the postponements and cancellations of all major events and exhibitions worldwide, we are trying our best to raise awareness through online exhibitions, events, and webinars that teach potential clients about our products and services.
Elcom International Pvt. Ltd., founded in 1981, has consistently been at the cutting edge of the design, development, and production of electromechanical and electronic components. Elcom first focused on the Indian domestic market before expanding to other countries, particularly those in the USA and Europe and providing services to other sectors around the world. Elcom, which deals with the designing, developing, and production of various electromechanical and electronic components, is wholly committed to the excellence and innovation of each product. “We are the preferred alternative for clients,” says Dr. Girish. “We have excellent R&D, in-house operational capabilities, in-house and vertically integrated plant operations, and the flexibility to create a completely tailored solution based on customer requirements and applications.”
Employee involvement at Elcom is crucial in formulating systems and procedures and provides learning and development opportunities, making them the top players in the business. According to Dr. Girish, “We cultivate a customer-centric culture, which has enhanced team spirit and collaboration, and we involve key stakeholders across all functions for defining the vision and mission of the firm.”
Elcom’s cutting-edge infrastructure is outfitted with R&D Facility, Tool Room, Injection Moulding Division, Metal Stamping Division, Reliability Test Lab, Electroplating Division, and Assembly Lines. Manufacturing certified for Integrated Management Systems (IMS), including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Dr. Girish continues,
“We offer facilities to the customers to test/audit the parameters of the products in our reliability test lab, which is a unique service offered by no other manufacturer. We continuously create value for our customers by providing best-in-class electronic and electromechanical products and components.”
Elcom aims to expand not only in terms of revenue but also in reach in the international market, acquisition of new clients, expansion of the channel partner network, recruitment of the best talent from the industry, diversification of the product offering, and growth in overall market share in order to become the most preferred Indian partner for their key accounts. “Making a significant improvement on the revenue front and hitting 100 Cr in FY20-21, we are all set to target the 20% CAGR and explore development prospects through organic and inorganic means,” Dr. Girish said in his conclusion.
Dr. Girish Vaze (CEO, Managing Director & Chairman)
Elcom has been guided to its current state by Dr. Girish. Since Elcom’s establishment, he has contributed in a variety of capacities to its expansion. Elcom is currently the most important industry player in its sector thanks to his passion, vision, and continuous efforts.
