Senku Ironmaking &ing on a Budget
Senku is the name given to a small, private, private company in the village of Karamangala, in eastern Karnataka, that has been making ironworking equipment and forging for more than 20 years.
It has an annual revenue of around Rs 10 crore and is owned by a retired ironmaker named Jairam Nageswaran.
He is a man who, as a result of his retirement, has lost much of his income and is not a net borrower, as he used to be.
A few years ago, his wife decided to retire and take over the business.
“We are a very small family.
We have no big business and no investments,” Nageswara said.
“But when we decided to open a business in the last two years, the income was more than Rs 10 lakh.
This is a very good business model.”
The company started making iron tools, cutting steel and finishing iron ingots in 2002, with an aim to expand to other sectors like building and industrial equipment.
“It’s a very profitable business.
I had invested about Rs 5 lakh in it, but I lost almost Rs 1 lakh because of bad weather.
So I decided to take a risk,” Nateswaran said.
The company has also made tools for the mining industry.
“We have no other competitors in the country.
We started making tools for mining in Karnataka when we were still in the business,” Nadeswaran added.
“The equipment we made is made by the same team and we are happy with the results,” he said.
The company has a strong presence in the district, with several employees who come from all over Karnataka.
“There are no problems with the machinery.
We get high returns on our investment.
We are making good profits,” Natswara added.
The ironworks have been open since 2001, when Nadeswara took over the company.
He was one of the first people to open the workshop, and he used the old iron tools to make tools for other manufacturers.
“In the last 20 years, we have worked on equipment for more manufacturers.
We use quality and craftsmanship to make them.
We can make more than 30,000 pieces of equipment a day,” he added.
The ironworks has two sets of shops: the one for cutting steel, the other for forging iron ingot.
The latter is made in the workshop by hand.
“I work as a machine operator, so there is no need to go to the shop and buy new tools.
I can use the old tools and do a job myself,” Nieswara explained.”
There are so many opportunities.
We don’t make a lot of noise, we are not seen as the go-to-hell type of iron makers.
We do our work and it’s our job,” he remarked.
He added that the company has already made several large and small projects in the state, including making a new type of steel rod for the automobile.
The work is done in the company’s workshop and is finished by hand, making it cost-effective, he said, adding that they have not built a factory yet.
“They have a good track record and they are making equipment for different industries.
They can make steel rods that are strong enough for steel,” he observed.