V. Sudhakar Chowdary: Difference between revisions
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{{Short description|Indian industrialist and cooperative leader}} | |||
{{Infobox person | {{Infobox person | ||
| name = V. Sudhakar Chowdary | | name = V. Sudhakar Chowdary | ||
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| image_size = 230px | | image_size = 230px | ||
| birth_name = Vallabhaneni Sudhakar Chowdary | | birth_name = Vallabhaneni Sudhakar Chowdary | ||
| education = Graduate in [[wikipedia:Production engineering|production engineering]]<ref name="tm2017" /> | |||
| nationality = Indian | | nationality = Indian | ||
| occupation = [[wikipedia:Business magnate|Industrialist]], cooperative leader | | occupation = [[wikipedia:Business magnate|Industrialist]], cooperative leader | ||
| known_for = Founding [[Mohan Spintex India Limited]] | | known_for = Founding [[Mohan Spintex India Limited]] | ||
| title = Founder and [[wikipedia:Managing director|Managing Director]], [[Mohan Spintex India Limited]]<br>[[wikipedia:Chairperson|Chairman]], [[wikipedia:Krishak Bharati Cooperative|KRIBHCO]] | | title = Founder and [[wikipedia:Managing director|Managing Director]], [[Mohan Spintex India Limited]]<br>[[wikipedia:Chairperson|Chairman]], [[wikipedia:Krishak Bharati Cooperative|KRIBHCO]] | ||
| relatives = [[Vallabhaneni Mohan Rao]] (father)<br>V. Suhruth Chowdary (son)<ref name="care2023" /><ref name="tmlegacy" /> | |||
| boards = [[Mohan Spintex India Limited]]<br>[[wikipedia:Krishak Bharati Cooperative|KRIBHCO]] | | boards = [[Mohan Spintex India Limited]]<br>[[wikipedia:Krishak Bharati Cooperative|KRIBHCO]] | ||
| awards = Business Leader Award (2017)<ref name="archive-award" /> | | awards = Business Leader Award (2017)<ref name="archive-award" /> | ||
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== Early life == | == Early life == | ||
{{Awaiting input|the Managing Director's office|section=section| | Chowdary is the son of [[Vallabhaneni Mohan Rao]], the Chairman of Mohan Spintex.<ref name="care2023" /> Described by Infomerics as a "technocrat",<ref name="infomerics2024" /> he graduated in production engineering and then joined his family's business, a fertiliser distribution company; his father looked after the family's other venture, tobacco cultivation.<ref name="tm2017" /> He ran the distribution business until 2004. By his own account its turnover grew from about ₹60 [[wikipedia:Lakh|lakh]] in 1992 to about ₹70 crore by 2004, and he remained involved in it until 2008, by which time his attention had turned to textiles.<ref name="tm2017" /> | ||
{{Awaiting input|the Managing Director's office|section=section|Date and place of birth, schooling and the institution from which he graduated do not appear in published sources.}} | |||
== Career == | == Career == | ||
=== Mohan Spintex India Limited === | === Mohan Spintex India Limited === | ||
[[File:MSIL ring spinning frames.jpg|thumb|right|Ring spinning frames at MSIL, the stage at which the company began]] | [[File:MSIL ring spinning frames.jpg|thumb|right|Ring spinning frames at MSIL, the stage at which the company began]] | ||
Chowdary | Chowdary has said that his move from trading into manufacturing came from dissatisfaction with running "still a trading business". In 2005 he and a colleague were considering a steel venture, such as re-rolling or a blast furnace, when a chance meeting with a friend already in the textile industry turned them towards spinning. Policy changes of the time, such as the abolition of [[wikipedia:Excise|excise duty]], made the sector attractive. After a meeting in March 2005 they decided to go ahead within the month, and he dates the birth of Mohan Spintex to 7 April 2005.<ref name="tm2017" /> The company was incorporated on 11 May 2005.<ref name="zauba" /><ref name="ceomag" /> | ||
Commercial production began in October 2006 at [[Manufacturing units of Mohan Spintex#Unit 1, Vattigudipadu|Unit 1 in Vattigudipadu]] with 14,400 spindles.<ref name="tm2017" /><ref name="tm2022" /> He then expanded the company in phases: a second phase took Unit 1 to 30,000 spindles by April 2008, and a 40,000-spindle project proposed to its bankers in August 2009 was approved under the government's "mega project" scheme for investments above ₹100 crore, becoming [[Manufacturing units of Mohan Spintex#Unit 2, Remalle|Unit 2]].<ref name="tm2017" /> Explaining the later move into weaving, he said that "until and unless you reach the end of the finished product then your total system is not complete".<ref name="tm2017" /> | |||
In 2022 the company set revenue targets of ₹2,000 crore by 2025 and ₹5,000 crore by 2030, following investment of ₹400 crore between 2018 and 2020.<ref name="tm2022" /> The company | Infomerics credits him with more than two decades of experience in spinning and textile manufacturing, and with leading the company's capacity expansions and its move into weaving and made-ups up to 2020.<ref name="infomerics2024" /> Under his leadership the company expanded from a single spinning mill into a [[wikipedia:Vertical integration|vertically integrated]] group covering [[Spinning division|spinning]], [[Weaving division|weaving]], [[Processing division|fabric processing]] and [[Home textiles division|home textiles]], with units at [[Manufacturing units of Mohan Spintex#Unit 2, Remalle|Remalle]] and [[Manufacturing units of Mohan Spintex#Mallavalli|Mallavalli]].<ref name="tm2022" /> By 2022 the company employed about 5,500 people, 45% of them women, and had reported sales above ₹1,000 [[wikipedia:Crore|crore]] for the 2021–22 financial year.<ref name="tm2022" /> ''The Textile Magazine'' described him as a "young and dynamic entrepreneur" who had built the company into one of India's fastest-growing textile manufacturers.<ref name="tm2022" /> | ||
In 2022 the company set revenue targets of ₹2,000 crore by 2025 and ₹5,000 crore by 2030, following investment of ₹400 crore between 2018 and 2020.<ref name="tm2022" /> In January 2026 ''The Textile Magazine'' reported that his children, V. Suhruth Chowdary and Keyura, had become involved in the company as directors, marking a generational transition with emphasis on digitalisation, analytics and modern management systems.<ref name="tmlegacy" /> The magazine quoted him as saying that "Mohan Spintex was not created merely to manufacture products; it was created to build trust".<ref name="tmlegacy" /> | |||
=== Cooperative movement === | === Cooperative movement === | ||
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[[File:Business Leader Award 2017 ceremony.jpg|thumb|right|Business Leader Award ceremony, December 2017]] | [[File:Business Leader Award 2017 ceremony.jpg|thumb|right|Business Leader Award ceremony, December 2017]] | ||
* '''2016''' – Featured in the ''Trendsetters'' programme on TV5.<ref name="archive-tv5" /> | * '''2016''' – Featured in the ''Trendsetters'' programme on TV5.<ref name="archive-tv5" /> | ||
* '''2017''' – Cover story in ''The Textile Magazine'' (February 2017), which described Mohan Spintex as "India's fastest growing textile manufacturer".<ref name="tm2017" /> | |||
* '''2017''' – Business Leader Award.<ref name="archive-award" /> | * '''2017''' – Business Leader Award.<ref name="archive-award" /> | ||
* At the India ITME textile machinery exhibition in Mumbai, the German maker Spindelfabrik Suessen presented him with its 10-millionth EliTe compact spinning spindle. Mohan Spintex was then running more than 55,000 of them.<ref name="suessen2017" /> | |||
Writing in 2017, Suessen's joint managing director Peter Stahlecker described him as "very polite, soft spoken and extremely well informed" and "a firm, but very fair negotiator".<ref name="suessen2017" /> | |||
== See also == | == See also == | ||
* [[Mohan Spintex India Limited]] | * [[Mohan Spintex India Limited]] | ||
* [[Vallabhaneni Mohan Rao]] | * [[Vallabhaneni Mohan Rao]] | ||
* [[Gottimukkala Ravi Kumar]] | |||
* [[History of Mohan Spintex India Limited]] | * [[History of Mohan Spintex India Limited]] | ||
* [[wikipedia:Krishak Bharati Cooperative|Krishak Bharati Cooperative]] | * [[wikipedia:Krishak Bharati Cooperative|Krishak Bharati Cooperative]] | ||
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== References == | == References == | ||
{{Reflist|refs= | {{Reflist|refs= | ||
<ref name="tm2022">{{ | <ref name="tm2022">{{Ref tm2022}}</ref> | ||
<ref name=" | <ref name="tmlegacy">{{Ref tmlegacy}}</ref> | ||
<ref name="tm2017">{{Ref tm2017}}</ref> | |||
<ref name="care2023">{{Ref care2023}}</ref> | |||
<ref name="infomerics2024">{{Ref infomerics2024}}</ref> | |||
<ref name="suessen2017">{{Ref suessen2017}}</ref> | |||
<ref name="zauba">{{Cite web |title=Mohan Spintex India Limited |url=https://www.zaubacorp.com/MOHAN-SPINTEX-INDIA-LIMITED-U18100AP2005PLC046188 |website=ZaubaCorp |publisher=Ministry of Corporate Affairs records |access-date=16 September 2026}}</ref> | <ref name="zauba">{{Cite web |title=Mohan Spintex India Limited |url=https://www.zaubacorp.com/MOHAN-SPINTEX-INDIA-LIMITED-U18100AP2005PLC046188 |website=ZaubaCorp |publisher=Ministry of Corporate Affairs records |access-date=16 September 2026}}</ref> | ||
<ref name="ceomag">{{Cite web |title=Sudhakar Chowdary Vallabhaneni, Founder & CEO of Mohan Spintex India |url=https://www.theceomagazine.com/executive-interviews/manufacturing/sudhakar-chowdary-vallabhaneni/ |website=The CEO Magazine |access-date=16 September 2026}}</ref> | <ref name="ceomag">{{Cite web |title=Sudhakar Chowdary Vallabhaneni, Founder & CEO of Mohan Spintex India |url=https://www.theceomagazine.com/executive-interviews/manufacturing/sudhakar-chowdary-vallabhaneni/ |website=The CEO Magazine |access-date=16 September 2026}}</ref> | ||
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[[Category:Indian industrialists]] | [[Category:Indian industrialists]] | ||
[[Category:People from Vijayawada]] | [[Category:People from Vijayawada]] | ||
[[te:వి. సుధాకర్ చౌదరి]] | |||