Under Mr. Manan Shah's leadership, the company achieved impressive cumulative sales of Rs. 5,750 crore as of December 2022, which is remarkable in a relatively short time. Mr. Shah's strategic vision and ability to execute on that vision have been key factors in the company's growth and diversification.
Manan Shah, Managing Director of MICL Group
As the Managing Director of the MICL Group, Mr. Manan Shah has been instrumental in the company's success since he joined in 2013. His leadership has been significant in achieving impressive cumulative sales of Rs. 5,750 crore as of December 2022, which is a remarkable accomplishment in a relatively short amount of time. Diversification into real estate is a strategic move that can provide long-term growth opportunities for the company. With over 60% of its total revenue now coming from the real estate industry, the MICL Group is well-positioned to continue its success in this sector. Mr. Shah's strategic vision and ability to execute on that vision have been key factors in the company's growth and diversification.
1. What led you to enter the family business and what were the initial years like for you?
When I was young I use to visit our office, during holidays, I was fascinated by the creative efforts that went into the construction of the megastructures like ports that we had built. I was curious on understanding, how can I contribute and expand the legacy further in the development of these iconic structures. This inquisitiveness enhanced my inclination to join my family business. I joined the business in 2013 with a zeal to take my passion for construction and development further, expand the MICL horizons along with it, create a new identity for MICL and establish a significant position in the sector. As a result, the company alongside its EPC (Engineering, Procurement, and Construction) operations, also began exploring opportunities in real estate.
The initial years of foraying into real estate were of learning, inspiring, building and innovating for the future. One of the important aspects which have helped the company a long way was to change the product-oriented mindset to that of customer oriented. The new model of operations demanded higher finishing standards as well as solid market research. This has helped us establish to become a strong brand in a short span.
“In hindsight, I believe it was a wise decision” indeed a great way to turn my passion into leading a successful family business. “