CEO of Karthik Engineering Works, Chandan at just 24 leads company to phenomenal success

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Karthik Engineering Works based in Hoskote, Karnataka, is one of the leading fabrication companies in Karnataka, spearheading its success in a short period of time. Established in the year 2020,  the company has generated a substantial amount of revenue since 2021 owing to its manufacturing speed and highly professional team of engineers & technicians. 

Offers a wide array of fabrication products such as Refrigeration containers, Cargo Containers, Fuel & Water Tankers, and more. The company runs on the philosophy, “We don’t build a business. We build people and then people build our business,” while the aim is not to trade the product, it is to trade Time, Trust & Benefits, established by Chandan, CEO of Karthik Engineering Works
 

The hoskote-based engineering company’s robust growth is largely fueled by customer retention and word-of-mouth marketing which is bolstered by the manufacturing speed while ensuring excellent product quality and offering at a reasonable cost.

Refrigeration containers, the flagship product of Karthik Engineering Works has made a profound impact in the market which has significantly attributed to the growth of the company. The fabrications company is widely known in the market for its zero compromises in quality while producing the products at a phenomenal speed. Karthik Engineering Works takes just 7 days approximately to produce its products. It is relatively fast as per the research of Icons of Indian Business Magazine. 

Prompt cold chain, Citylink, Vishnu Logistics, Redhood, Balhim Logistics, Safe express, Tarak Logistics, and many more are some of the esteemed B2C clients of Karthik Engineering Works while Indian oil, Hp petroleum, Suguna Food Products, Licious, Arun Ice cream, Bharat Petroleum, Essar, Taco Bell and more are some of the esteemed B2B clients of the container manufacturing company

Remarkable Potential of Chandan 

One of the youngest CEOs in the country, Chandan has been instrumental in the company’s success at just 24 years of age. Chandan studied Paramedical and started working as a freelancer in business development. He later desired to start his own business and called it Karthik Engineering Works, inspired by his beloved father Venkat Raju’s Dhanalakshmi Fabrication Works. 

During an interview with Icons of Indian Business, Chandan, CEO of Karthik Engineering Works, Chandan  quoted, “Our team is the biggest asset of our company, so it's not about building a business, we rather build people and our people will build the business.” 

Chandan was awarded as 'IIB Best Entrepreneur of the Year Award - 2022' by Icons of Indian Business Magazine (In the Category of Truck Container & Tank MFG)

Future prospects

Karthik Engineering Works has made significant progress in its yet-to-be-available sophisticated products, reaching the advanced stages in the development of Mobile Medical Diagnostics lab, Caravan, Camper Van, and Vehicles trail run the container. The new products are expected to be unveiled in the coming months.   

Market analysis of containers

Analysis says the Indian market size of containers is speculated to touch a massive USD 10.3 billion by the year 2028, growing at a compound annual growth rate (CAGR) of 1.7% as seen in the forecast period of 2021-2028. An increase in maritime shipping owing to the rising trade agreements across countries largely contributes to the growth. Moreover, the ongoing digital transformation in container shipping, rise in the e-commerce industry, and surge in the demand for special containers further increase the growth of the Indian container market as analyzed in the forecast period. Getting meticulous in the demand for the containers, increase in commodity activities, steady urban development, evolutions in commercial vessels, and technological advancements in cargo ships with installations such as sensors and navigation systems additionally furthers the growth of the Indian Container Market.

 

High Cube Container with 40 feet, large container with 40 feet, and small container with 20 feet are the different sizes of containers available in the market. Refrigerated containers, Dry storage containers, Flat rack containers, and special purpose containers are some of the types of containers that are in demand as per reports of the Indian Container market.

Reach out to Karthik Engineering Works at: karthikkengineeringworks2020@gmail.com

+91 7760056041