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The Wire
4 days ago
- Business
- The Wire
Emerging Telangana: Advisory firms Shaping Business Landscapes of Promotor Driven Companies
Hyderabad, Telangana — Since its inception in 2014, Telangana has rapidly established itself as one of India's most progressive and business-friendly states, showcasing exceptional strides in industrial development. With strong infrastructure, a strategic central location, and a highly skilled workforce, the state offers an ideal environment for promoter-led and growth-stage enterprises to thrive. These advantages have attracted substantial domestic and global investments across key sectors such as pharmaceuticals, information technology, textiles, sustainability, electric vehicle manufacturing, and food processing. Telangana's swift industrial expansion has earned it a consistent spot among the top performers in India's Ease of Doing Business rankings, while nurturing a culture of innovation and entrepreneurship statewide. Promoter-led businesses across Telangana have long driven industrial growth, across India and overseas, through entrepreneurial spirit, agility, and market insight. However, as these businesses scale, they face complex challenges including operational bottlenecks, evolving compliance norms, digital adoption, talent retention, and governance demands. There is no doubt that advisory firms have been playing a decisive role in streamline structures of these companies, many of which are looking for IPOs. Recognizing these dynamics, one of the prominent advisory firm, EverFlourish Advisors - co-founded by Sachin Jain, Ramnish Gaikwad and Arvind Rana - has emerged as a trusted partner for SMEs and promoter-run enterprises. By working closely with sectors such as pharmaceuticals, automobiles, energy, apparel, infrastructure, and sustainability, EverFlourish helps businesses transition from informal models to professional, scalable, and compliant organizations—while safeguarding their core values. 'Promoter-led companies often encounter bottlenecks when decision-making centralizes,' notes EverFlourish Advisors. 'Our practical, execution-focused approach unlocks growth by streamlining operations, improving working capital, enhancing production output by 30–50%and increase sales, all while embedding strong governance and compliance frameworks. We are working some of high potential companies including ITP, Ecoboard Industries, Truzon to name a few. Telangana is home to millions of small and medium companies - most of which are promotor driven (family businesses), and are providing jobs to millions of people. The growth in this sector would further boost employment opportunities and strengthen exchequer of the State. One of the prominent companies of Telangana - EcoYou - Ecoboard Industries Limited has exemplified Telangana's commitment to sustainable industrial development. EcoYou's Build division, transforms agricultural waste such as wheat straw, rice husk, and sugarcane bagasse into EcoBoard—a high-performance, eco-friendly construction material—EcoBoard offers a viable alternative to traditional plywood and plastic-based panels. By curbing deforestation and crop burning, EcoBoard has prevented an estimated 116 million tonnes of CO₂ emissions and saved over 10 million trees to date. EcoYou's Energy division is also a global leader in large-scale biogas and compressed biogas (CBG) projects, with over 250 biogas digesters installed worldwide processing 20 million cubic meters of industrial effluents annually. 'In India's fast-growing industrial environment, responsible waste management protects natural resources and promotes circularity,' says Praveen Gottumukkala, Director of EcoYou. 'Our CO₂-capture technology, inspired by India's ancient sustainable practices, has created nearly $80 million in value for farmers by converting agro-waste into usable products over 33 years.' Another company that is working towards sustainability is KEP Engineering. It is revolutionizing liquid waste management across industries through Zero Liquid Discharge (ZLD) technologies. With over 550 wastewater treatment systems deployed in 35 sectors—including pharmaceuticals, chemicals, and solar manufacturing—KEP transforms waste into valuable resources while ensuring environmental compliance. KEP's advanced systems include - Condensate Integrated Gas Recovery (CIGAR), Multi-Effect Evaporators (MEE), Agitated Thin Film Dryers (ATFD), Mechanical Vapor Recompression Evaporation (MVRE), and customized Effluent Treatment Plants (ETPs). 'Liquid waste is no longer a burden; it's a resource,' says Managing Director Malu Kamble. 'Industries that adopt these technologies achieve operational efficiencies, regulatory compliance, and long-term profitability. This circular, sustainable approach represents the future of industrial growth.' Similarly, another company C Prompt Solutions is emerging as a leader in IT infrastructure leasing. Recently partnering with Symbyont Smart Spaces, C Prompt delivers flexible, plug-and-play IT hardware rentals to businesses across India. Offering laptops, desktops, and peripherals on a rental basis, C Prompt has helped clients reduce IT expenses by up to 40%, enabling reinvestment into growth initiatives. 'Moving from ownership to leasing is a game-changer for businesses,' says KK Baldwa, Co-founder, C Prompt Solutions. 'Our clients have saved up to 40% on IT expenses, freeing capital to invest in growth and innovation. Leasing also provides agility, allowing companies to scale their IT assets up or down as needed.' With over 25,000 devices leased to more than 500 clients, C Prompt is rapidly expanding. During the COVID-19 peak, the company demonstrated exceptional responsiveness by delivering and installing 600 laptops to employees' homes within two days, exemplifying their commitment to customer-centric solutions. Recently, in the pharmaceutical sector, Sai Parenterals Limited, raised USD 5.82 million (₹50 crore) in equity funding led by Samarsh Capital, Vyom Partners, and Blue Lotus Capital. This capital infusion will accelerate Sai Parenterals' international expansion as it strengthens its two strategic verticals: Branded Export Formulations and Contract Development & Manufacturing Organization (CDMO) Services. Anil Karusala, Managing Director of Sai Parenterals states, 'This investment supports acquiring high-potential international assets, broadening our product portfolio, and enhancing manufacturing capabilities. Our five manufacturing facilities—approved by global regulators such as TGA Australia and WHO GMP—reflect our commitment to quality and growth.' Telangana's leading enterprises exemplify a new industrial era—one that balances tradition with transformation, sustainability with profitability, and innovation with impact. By empowering promoter-led businesses to professionalize and scale, and by fostering advanced, eco-friendly industrial solutions, Telangana is set to be a beacon of progressive, responsible industrial growth in India. (Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.).
Business Standard
02-07-2025
- Business
- Business Standard
Shifting Gears: Why Promoter-Led Businesses are Turning to Credible Advisors for Growth
VMPL Mumbai (Maharashtra) [India], July 2: Traditionally built on entrepreneurial instinct, agility, and deep market understanding, promoter-driven businesses are now grappling with increasing complexities. Rapidly evolving customer expectations demand highly responsive supply chains. As these businesses scale, the promoter's time becomes a bottleneck, with critical processes across departments still hinging on their approval--even for the smallest decisions. Add to this the growing challenges of regulatory compliance, quality assurance, corporate governance, talent management, digital transformation, and succession planning, and it becomes clear that their traditional operating model becomes a significant strain. Recognizing this critical need for structural evolution, EverFlourish Advisors, a boutique business advisory firm, co-founded by Arvind Rana, Sachin Jain and Ramnish Gaikwad, emerged as a trusted growth partner for many SMEs and family-led businesses in sectors like pharma, automobiles, metals, energy, apparel, electricals, infrastructure, sustainability, technology, environment, to name a few. The company's consistent efforts scaled-up these businesses multi-fold without compromising their core values and identity. "Engaging with an advisory firm is no longer a luxury or a reactive solution post-crisis. It is a strategic necessity for businesses looking to navigate the complexities of scale, succession, and sustainability. Promoter-led companies must now transition from informal, instinct-driven operations to professionalized structures with clear systems, while still preserving the unique values that have driven their early success. The founding team - comprising myself, Sachin Jain and Ramnish Gaikwad, having almost two-decades of advising some of the most respected Indian and global corporations, recognized a critical gap in India's promoter-led businesses, which form the backbone of the economy. These businesses were often being under-served through conventional advisory models. This pattern was desperately required to be changed now", says Arvind Rana - one of the Co-founder. Sachin Jain, another co-founder says, "EverFlourish is known for its hands-on, execution-focused advisory model, that aligns closely with a promoter's long-term vision. Unlike conventional consulting approaches that rely on templated frameworks, EverFlourish offers tailored strategic solutions rooted in deep business understanding and cultural sensitivity". "This segment comes with its own set of demands. Promoter-led businesses want quick, tangible results and have little appetite for jargon-heavy reports or abstract frameworks. They are also reluctant to work with multiple advisors. EverFlourish's ability to deliver 360 degree transformation across departments resulting in fast, quantifiable outcomes through simple, practical solutions has made it the partner of choice for this dynamic segment", Sachin Jain continued. "We believe the only true yardstick of strategy is the impact it creates. Our track record speaks for itself--with clients achieving 30-50% reductions in working capital, over 30% sales growth, and more than 50% improvements in production output. That's the kind of transformation we take pride in delivering", says Ramnish Gaikwad, another co-founder. "Result-oriented consulting interventions can help such firms break through that stagnation. Promoters are visionaries, and vision must be aligned with execution. At EverFlourish, we don't just advise; we walk alongside our clients, helping them navigate the transition from founder-led to future-ready", Ramnish Gaikwad concluded. With a distinctive consulting model grounded in deep sectoral expertise, cultural empathy, and executional excellence, EverFlourish Advisors is redefining what business transformation looks like for India's most dynamic and entrepreneurial organizations. As India positions itself to become a $5 trillion economy, the country's 65 million MSMEs and promoter-driven businesses will serve as critical engines of growth. However, their continued relevance will depend on their ability to modernize operationally, structurally, and technologically. EverFlourish Advisors is positioned at the heart of this transformation journey--equipping businesses with the frameworks, tools, and strategic insight needed to thrive in the new economic order. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
