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Home Cover Story

Meet Dr. Venugopal, a name to be reckoned in the National Community

Entrepreneur One Magazine by Entrepreneur One Magazine
June 25, 2023
in Cover Story, Inspiring Business Leader 2023, Interviews
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Meet Dr. Venugopal, a name to be reckoned in the National Community entrepreneur first media magazine
“Every Entrepreneur’s dream is “my customers should get the best of everything, which consists of good quality, reasonability, good interaction with the organization, more satisfaction, etc”. In a recent interview with Dr. Venugopal Rao, he gave details about his company and several other things including his goals and business ideas.

ABOUT ORGANISATION

Verch Consulting was founded by Dr. Venugopal Rao Chikkala, It is the pioneer of organized recruitment services in India. Over the years, they have acted as preferred talent acquisition partners to multinationals and leading Indian businesses to emerge as the leading recruitment brand nationally. This combined with the role as a trusted consultant for Indian professionals translates into their core capability – Building Careers. Building Organizations Verch’s roots in management consulting enable them to bring a unique approach to recruitment. Their focus has always been on middle and senior management talent needs. They operate through domain-specialist teams spread across the country, providing customized recruitment solutions across 24 industry practices. Verch is proud of its long-standing relationships in the industry and 75% of its revenues come through its existing clients.Verch began their journey in 2019 and was started in a humble way and transformed into one of the leading and preferred talent acquisition partners. With 3 years of legacy, they have served 56-plus clients in diverse fields. With this, they have rolled up their sleeves as trusted consultants for Pharmaceutical, Infrastructure, Information Technology & Financial Institutions.In addition to the hiring requirements, they also act as a catalyst for various verticals such asCorporate Training, Compliance Management, Background Checks, Payroll Processing, Recruitment Process Outsourcing with specialist skills.

KEY PERSON & RESPONSIBILITIES

Dr. Venugopal is a name to be reckoned with in the National Community as a Human Resource professional who had helped many Indian brethren solve their problems. with an innate desire to serve the poor, downtrodden, and needy people, especially from Andhra Pradesh & Telangana. In a profession where people make a mark after long periods of service, He himself has made a name by delivering Human Resources service to expatriate communities, He founded Verch Consulting LLP.According to him, many Indians, specifically the Telugu-speaking people are at the forefront of Employment both in India and Abroad. Dr. Venu Gopal had been behind the success of many among them. Regarding his education, he completed his Bachelor’s Degree in Arts from the Govt. Degree College. He finished his LLB from Andhra University and later Post graduate in Human Resources Management and also Ph.D. in Human Resources Management. Dr. Venugopal Rao Chikkala, Dr. Venu has got around 16 years of rich experience in the areas of Human Resources Management. He worked for reputed organizations in Pharma & IT sectors located in Hyderabad.

ACHIEVEMENTS

  • Awards Received by Dr. Venugopal Rao for his activities- Received Global Indian award from President Mrs. Pratibha Patil in 2013
  • Received CEO of the Year Award 2020 from the Indian Achiever Foundation
  • Received Most Promising Industry Leader -Talent Acquisition Category -2021 by Business Mint
  • Verch Consulting Received SME Awards 2021 by Business mint
  • Verch Consulting received Small Business awards -2022 by Franchise India.

ABOUT PATRON

Customers from different sectors include Pharmaceuticals, Bio-Technology, FMCG, IT, Cement, Infrastructure, Media, Mines & Minerals, Power Sector, Aviation, etc

DOMAIN

Their business service is Unique and separates it from the competition. A unique sourcing methodology ensures that the clients are served with the right candidates every time on time and help the Organizations with the right choice and cocreate in building careers and Organization’s Verch Service innovation will be able to increase sales, profits, and also the competitiveness of a business organization. Therefore, the company’s success in maintaining the continuity of its product sales lies in its ability to innovate to go one step ahead of its competitors.

FUTURE ENDEAVOURS

The long-term goals involve growing with a company where Dr. Venu can continue to learn, take on additional responsibilities, and contribute as much value as possible to the team. He loves that our company emphasizes professional development opportunities
  • Financial goals
These goals are often specific financial targets a company wants to achieve to increase revenue or profitability. A business aiming for an initial public offering is a good example of a financial goal.
  • Growth goals
This type of goal aims to expand or grow part of the business by a certain percentage. For example, the growth could be in terms of new products, customers, or locations. Another example would be planning to expand operations to multiple Countries.
  • Employee goals
Helping employees to achieve their own objectives in terms of career advancement, life-work balance, or career advancement is an important category of business goals. This is especially true in the era of the Great Resignation where employees are looking for fulfilment.
  • Process goals
Every organization has its own processes for various activities. Setting goals to improve those processes and workflows can help to optimize business efficiency.
  • Social goals
Social goals, such as promoting diversity or setting sustainability targets for environmental concerns, are an increasingly strategic and important category in the goal-setting process. Cutting greenhouse gas emissions by a certain percentage or reducing the organization’s carbon footprint would fit in this category. Time-based goals. Time should be an attribute of each of the goals outlined above.
  • Time-based goals
Time-based goals include short-term, as well as long-term goals and objectives. Short-term goals can be completed in days, weeks, or a few months, while long-term goals have a completion date of many months to years.

DISPUTE DURING PANDEMIC

HR Consultants are typically hired as third-party experts who help businesses improve and maximize their human resources. They offer solutions to problems on an organizational level as well as the development and implementation of specialized best practices. These are aimed to correct outdated processes or drive change within an organizationThe Covid-19 pandemic has brought about many changes to the world of business. Businesses have experienced downsizing to save costs and limiting their services to some extent. Now is the time to revisit our products and services so that they address the needs of the ideal client.Due to covid many companies slow down the recruitment process they were expanding services to Pan India planning to enter different verticals in HR services with an aim to make 30% revenue increase and 20%CAGR for the next two years and also diversify the various towers of HR & Business Consulting practices doing extensions they felt that, they can overcome the challenges within one Year.

TECHNOLOGIES AND THEIR IMPACT

Immersive reality will have a transformative effect on business: it will give a new impetus to remote work, not only making remote working even more viable for office workers but will enable the long-thought-elusive remote operation of machinery.

HURDLES FACED BY THE COMPANY

Data Security & Data Silos. Customer data security and making sense of data from multiple sources are both considered to be significant challenges to delivering customer experience.

DIGITAL & CUSTOMER INTERACTIONS

Creating a customer journey map can help the company visualize how customers feel at all brand touchpoints so they can avoid potential issues ahead of time, increase customer retention, and discover key information to make the best decisions for our business.

BEST PART ABOUT THE INDUSTRY

Dr. Venu mentioned “It’s been more than two and half decades in the HR and Business consulting, the most rewarding thing in this Job or Industry “sense of building”. He worked with various organizations irrespective of sectors and there are at least two dozen companies that were start-ups two decades ago and now their market cap is more than 1000+ crore. As a business leader what else can make you proud in the sense of building the organizations.

VIEW ON SUCCESS

Dr. Venu defines success as fulfilling his role in the team and company. He trusted that his company has placed him in a position where he is capable of achieving the team, and company & goals, and so he worked towards completing his duties as effectively as possible. Success, for him, will always be about making a difference in other people’s lives. If he knows that at the end of the day his work has helped someone find a job or feed their family or turn their life around, then he sleeps well at night and wakes up eager to start work all over again the next day.

GOALS FOR 2023

He would like to establish Verch as a Brand of Trust in HR and Business Consulting across various sectors.

CHALLENGES TO OVERCOME

There is no gain without pain. His journey to reach this stage was always a roller coasterhowever, he enjoyed the process of his journey and never bothered about the outcome whichmade him detach from the failures and keep staying on growing.

STRATEGIES TO DEAL WITH CYBER THREATS

  • Install antivirus software. One of the first lines of defense against malware and other
  • viruses are to install antivirus software on all devices connected to a network
  • Create strong passwords.
  • Enforce security policies.
  • Use firewalls.
  • Monitor activity.
  • Create A Cyber Risk Management Plan
  • Leverage the new technologies.

RECOMMENDATIONS TO CEO

Dr. Venu stated “Stay focused on Vision and Mission, and be agile to make changes to your path during the uncertainty but not in the ultimate goal. Paths can be redirected but believe in the vision you have and it will turn into reality one day”.

ADVICE TO READERS

According to Dr. Venu “Never forget your roots, never forget the sacrifices others made on behalf of you. Never forget how hard you worked to get where you are today. Never forget to say thank you”.
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