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Home Interviews

Waves of Innovation: GMDT- The Future of Marine and Industrial Engineering

Entrepreneur One Magazine by Entrepreneur One Magazine
November 13, 2023
in Interviews
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Entrepreneur First Media, First Magazine

ABOUT THE COMPANY

GMDT Marine & Industrial Engineering Pvt. Ltd: The organization specializes in providing power solutions for marine and industrial applications. They also offer custom-built applications for clients in various sectors such as oil and gas, naval, offshore, Oil-Gas; water supply distribution systems, Marine, Naval, offshore, merchant vessels, naval vessels and submarines, Petrochemical / Refinery, Textile, Pharmaceutical, Steel Plant, Power Plant, Multispecialty hospitals, Airports, Industrial infrastructure for offices, Townships, Hotels, Malls, and Commercial complexes worldwide, and more. GMDT Marine & Industrial Engineering Pvt. ltd in-house capabilities comprise project execution for various industries globally.

GMDT represents a selection of top-tier products for both marine and industrial segments. They offer comprehensive and innovative technology solutions as a full-service provider and system integrator. The organisation’s commitment is reliability and excellence which ensures that their clients receive the best support for their unique needs.

  • Marine Switchboards and power distribution chain equipment
  • Diesel Generators
  • Electrical Power and Control Panels
  • UPS – Uninterrupted Power Supply
  • Servo Controlled Voltage Stabilizers
  • Transformers
  • Power And Control Cables

BACKBONE OF THE ORGANISATION

Mr. Darshan Thakkar, the Managing Director of the company plays a vital leadership role in shaping the organization’s overall strategy, vision, mission, and objectives. He is responsible for ensuring the organization’s success and profitability, making crucial decisions, managing resources, and overseeing various departments. Additionally, he represents the organization to external stakeholders, such as investors, clients, and regulatory bodies. His duties include setting policies, fostering a positive corporate culture, and driving innovation and growth.

REGARDING CLIENTS

The clients are from various sectors, which includes

  • Oil-gas and water supply distribution system.
  • Marine.
  • Naval.
  • Offshore.
  • Merchant vessels.
  • Naval vessels and submarines.
  • Petrochemical / Refinery.
  • Textile.
  • Pharmaceutical.
  • Steel Plant.
  • Power Plant.
  • Multispecialty Hospital.
  • Airports.
  • Industrial Infrastructure for offices.
  • Townships.
  • Hotels.
  • Malls and Commercial Complex worldwide

WHAT MAKES GMDT MARINE UNIQUE?

GMDT Marine and Industrial Engineering Private Limited stands out from other organizations in their field due to their corporate status and focus on providing a broad range of services, access to resources, and the ability to handle larger projects. Additionally, GMDT has established relationships with clients, suppliers, and regulatory bodies that may not be available to individual professionals. This unique combination of structure and capabilities gives GMDT an advantage in terms of capacity and scope within the engineering industry.

GOALS

GMDT Marine & Industrial Engineering Pvt. Ltd. aims to become one of the largest power solution providers in India and overseas. The specialization lies in the marine and industrial segments. GMDT offers custom-built engineering products. They plan to achieve this goal within a couple of years and then transition to a public limited organization. As part of their future plans, they intend to diversify into various verticals such as port management, electric power generation and transmission, renewable energy, mining, airport and railway operations, natural gas, food processing, and infrastructure. To support this growth, they are looking to build a team of over 300,000 employees worldwide.

IMMERSIVE TECHNOLOGIES & ITS POSITIVE IMPACT

GMDT focuses on how immersive technologies like virtual reality (VR) and augmented reality (AR) are positively impacting enterprises like GMDT Marine and Industrial Engineering Private Limited. These cutting-edge technologies allow for realistic simulations that can greatly reduce the learning curve and improve employee skills. For instance, GMDT uses VR and AR for training and safety simulations, which enables more effective onboarding and ensures a safer working environment. Moreover, GMDT also leverages IoT (Internet of Things) and data analytics to optimize operations and maintenance, further enhancing efficiency and cost-effectiveness within the marine and industrial engineering domain.

FUTURE ENDEAVOURS

Advancement in innovation: Organizations strive to stay ahead of the curve by developing cutting-edge technologies, products, and services that maintain a competitive edge in the market. They leverage digital transformation by harnessing the power of data, artificial intelligence, and automation to enhance efficiency, decision-making, and customer experiences. Additionally, companies expand into new markets, both domestically and internationally, to tap into new customer bases and revenue streams. To support these efforts, they attract top talent, foster a culture of innovation, and ensure their workforce is well-equipped for future challenges along with some good solutions.

TRENDS & CHALLENGES IN THE INDUSTRY

The trends in the engineering industry today, focus on sustainability, digitalization, and innovative materials:

  1. Sustainable Engineering Practices: With growing environmental concerns, there’s a strong emphasis on adopting eco-friendly practices in engineering, such as reducing waste, conserving resources, and minimizing carbon footprint.
  2. Digitalization and Industry 4.0 Technologies: The integration of digital technologies like IoT, AI, and data analytics is transforming engineering by improving automation, enhancing connectivity, and providing valuable insights for better decision-making.
  3. Electric and Autonomous Vehicles: The shift towards electric and autonomous vehicles is changing the face of transportation engineering, offering more efficient and environmentally friendly modes of transportation.
  4. Advanced Materials Revolution: The use of cutting-edge materials like composites, nanomaterials, and smart materials is revolutionizing product design and performance across various engineering sectors, from aerospace to construction.

CHALLENGES:

  • Fierce Competition.
  • Regulatory Compliance.
  • Fluctuating Market Conditions.
  • Technological Advancements and
  • The Need for Ongoing Investment in Infrastructure and Talent.

GMDT likely faced and overcame these and other obstacles on their journey to where they are today.

SUCCESS IN TERMS OF SPOKESPERSON

GMDT Marine and Industrial Engineering Private Limited has a comprehensive approach to success that encompasses various aspects which includes achieving sustainable profitability, delivering high-quality services, ensuring client satisfaction, maintaining a strong safety record, and contributing to environmental sustainability. To succeed, GMDT aims and goals to expand its market presence and make a positive impact on the marine and industrial engineering sector through innovation and responsible business practices. The company’s specific goals and metrics for success will be determined by its strategic vision and values.

IMPORTANT DECISIONS AND STRATEGIES TAKEN BY THE ORGANISATION

As a leader, the responsibility falls on them to make critical decisions that shape the company’s strategic direction. These decisions include choices related to market expansion, investment in technology and infrastructure, financial management, talent acquisition, compliance with industry regulations, and fostering a culture of innovation and safety. Their leadership is instrumental in ensuring the company’s success, sustainability, and achievement of its long-term objectives in the marine and industrial engineering sector.

The company has adopted digital transformation, sustainability, and innovation as key strategies. These include adopting advanced technologies like IoT and AI to enhance efficiency, focusing on eco-friendly practices and renewable energy solutions, and promoting research and development for product and process innovation. Additionally, the company is expanding into emerging markets and diversifying its services to meet evolving customer demands in the marine and industrial engineering sector.

HOW DOES GMDT ENCOURAGE THEIR EMPLOYEES?

The spokesperson stated, “They(employees) communicate clearly and openly to convey the company’s vision, values, and goals, fostering a sense of purpose among the staff. They acknowledge and reward outstanding performance and contributions, motivating employees to excel and remain engaged. They support career growth and offer opportunities for learning and skill development, helping employees advance in their roles. By creating an inclusive and collaborative workplace culture where all voices are heard and valued, they boost morale and productivity”.

ADVICE TO THE READERS

Spokespersons emphasize that regardless of the industry or field, there is no substitute for hard work. Always believe in yourself, learn the importance of accepting change, and be open to adapting one’s attitude. He also suggests that agility will take one far in achieving success.

Keynote: Entrepreneurship refers to the process of designing, launching, and running a new business, often initially as a small business. Those who create these businesses are called entrepreneurs. Entrepreneurship has been defined as the “capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit.” In addition to confidence, successful entrepreneurs also possess qualities such as self-awareness, adaptability, and a willingness to learn. They have an inquiring mindset and are always seeking new knowledge and opportunities for growth.

Entrepreneur One Magazine

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Entrepreneur First Magazine showcases the wonderful stories of C-Suit business leaders, entrepreneurs, and learners, publishing insightful and inspirational Interviews, stories, ideas, views, and best practices.

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