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Pradeep Goyal

CMD | Pradeep Metals Limited

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Business Journey

Pradeep Goyal's life is a testament to resilience, innovation, and a deep commitment to societal progress. Pradeep's journey began with a prestigious education in Metallurgy at IIT Kanpur, followed by a scholarship at MIT. In America he faced the challenges of job hunting as an immigrant, eventually landing a job in the field of industrial gasses where he excelled quickly.

Despite a promising career in the U.S.  a meeting with the late Prime Minister Vajpayeeji led Pradeep to return to India to start a metal forging company - Pradeep Metals Limited. This decision marked the beginning of a roller coaster journey, filled with ups and downs, including a crippling strike and the looming threat of bankruptcy.

His company became the first Indian business to export stainless steel flanges. However, the company soon faced capacity constraints. The liberalization of the Indian economy in the early 90s provided an opportunity for the company to go public, raising funds to establish a new plant in Navi Mumbai MIDC. The company ventured into the automotive industry, facing a severe economic downturn that almost led to bankruptcy. However, Pradeep's strategic decision to rework the business model and focus on cost reduction led to the company's stabilization and eventual profitability. Despite these challenges, his resilience and strategic thinking led the company to rebound from a negative net worth of 5 crores to a company worth over 250 crores.

His journey is not just about building a successful business; it's also about giving back to society. He committed himself to educational initiatives, specifically the Ekal Vidyalaya Foundation, running tribal schools across the country. 

In 2006, Mr Goyal embarked on a journey in research and development. His innovative research led to the development of a process to melt iron ore into metal using a microwave, a first in the world. His team also developed a process to eliminate insects from rice, including the larvae, which was certified as a clean, green process by the University of Ludhiana.

His commitment to sustainability is evident in his business practices. The company invested 14 crores into a windmill, replaced all asbestos sheets from the roof with steel sheets, upgraded to hydraulic machines, and replaced all halogen lamps with LEDs. Pradeep's vision is to make his company fully powered by green energy.

Pradeep Goyal's journey is a powerful lesson in determination, strategic thinking, and care for the greater good. His story is not just about achieving business success; it's about making a difference that lasts. His commitment to sustainability, balancing environmental care with business, shows us how to create a long-lasting success story.

Career

Education And Qualification :

B.Tech (Metallurgy) from Indian Institute of Technology, Kanpur , S.M (Materials Science & Engineering) from Massachusetts Institute of Technology, Cambridge, USA

Experience :

Over 40 years experience in overall management responsibility including marketing, product development, manufacturing and works management. 

Awards And Achievements :
  • First rank in Metallurgy from President of India-1978 
  • Vidya Bharati Medal (Best Student Metallurgist 1978) from Indian Institute of Metals
  • Fellow of ASM-2015 
  • Fellow of Alpha Sigma Mu-2017
  • Distinguished Life Member ASM International-2021
  • Sr. Vice President – ASM International (2023-24)

Mission

Goals :
  • Make a sustainable company in all respects.
  • Develop Green Technologies.
  • Make an efficient organization at par with the best.
Interests :

Technology, social work

Inspiration :

Shri Atal Bihari Vajpayee  Dedicated his whole life in the service of the Nation, politician par excellence, outstanding orator, clarity of thought & above all a staunch Nationalist

Favourite Quote :

"Do unto others as you would the others do unto you"

PERSONAL PROFILE

Date Of Birth :
20th November
Place Of Residence :
Mumbai
Place Of Birth :
Ambala, Haryana
Family :
Wife, 2 Sons

INTEREST

Favourite Books :

Action thrillers, Management

Favourite Movies :

Action, Drama, Comedy

Travel :

Historical cities, different cultures, beach cities

Languages :

English, Hindi, Marathi and Gujarathi 

Hobbies :

Social work