Globally, India ranks amongst the lowest in terms of Material Handling Equipment penetration relative to the country’s GDP but now MHEs are having their age of reckoning as industries are facing their moment of truth in material movements, starting from the process flow of factory goods movement to movement between two facilities to unloading/loading problems. The key reason behind this has been the historically heavy reliance on labourers & age old machineries. Because of these old school practices, the majority of the Industries across the sectors have been stuck not only with the low outputs and increasing overall logistics costs, but at the same time they have failed to meet safety practices required in this new age industrialization and advanced warehousing. at a low cost, resulting in a lower total cost of ownership”, says Jayant Chhajed, Founder at MHEGURU.
The company's team of seasoned experts with domestic and international experience has helped to cater the customer needs after analyzing through different perspective. Moreover, when it comes to the procurement of capital equipment (e.g goods lifts, storage systems, or any other MHE product), there are several criterias to consider, ranging from budget to application on hand, throughput, and so on. MHEGURU's platform is designed to assist customers across all parameters and processes data information to provide the most optimal solutions.
Suppliers and Service engineers are the key drivers who serve our customers so we make sure that we do justice and provide immense value addition for them on our platform. MHEGURU has boarded 100+ suppliers who have benefited from regular business through our platform. “We validate each registered vendor by one-on- one interactions, cross-checking quality with current clients, and visiting their manufacturing plant – for manufacturers – and storage facility – for traders.
There is also a policy in place to help and support suppliers in their process and quality improvement”, explains Jayant.
MHEGURU offers buyers with user-friendly tech-enabled consultation, allowing them to make faster decisions. “We have more than 100+ customers now including giant public limited Indian companies, MNCs, SMEs and MSMEs. In terms of number of transactions, Grindwell Norton (Saintgobain Group) is our biggest customer and in terms of revenue Acrysil Group has contributed the most. Shreno limited (Alembic), Cambay and many others have benefited from our services till date”, highlights Bhavik Mehta cofounder at MHEGURU.
Driving the Needed Innovation
Being at an early stage, MHEGURU is miles ahead when it comes to leveraging the best of technology to offer clients with innovative services. Further, the platform lets users compare all technical parameters of asset procurement which helps them make informed decisions within a matter of hours; conventionally it would take weeks. Currently, there isn’t any player or competitor at PAN India level offering the complete solution for all makes and models with use of technology the way MHEGURU does. While most marketplaces are generic and not focused on MHE holistically and with OEMs and local players having their limitations in terms of product basket and reach, MHEGURU sits right at the cusp to scale on the already successfully created a Pan-India customer centric vertical ecosystem purely focused on the entire life cycle of Material Handling Equipment. By leveraging technology and data, MHEGURU is aiming to create an end-to-end, ROI focussed material movement revamping plan for businesses.
Suppliers and Service engineers are the key drivers who serve our customers so we make sure that we do justice and provide immense value addition for them on our platform
“We expect that this industry would grow at a CAGR of 12-15 percent, with the addition of an untapped 50 million MSMEs across multiple industries and sectors who will be first-time customers/users of MHE and organized warehouses. India's aggregate MHE industry has the potential to be worth $10 billion by 2030 which will undoubtedly offer up new opportunities”, informs Bhavik.
“With over 100 vendors now registered on our platform, we now have the most diverse product and solution offerings. Our intelligent built-in technology enables clients to discover the best equipment and storage solutions for maximum space optimization and efficient throughput at the lowest possible cost”
“We have bootstrapped MHEGURU and have witnessed a 10X increase (YOY) in the last 18-20 months, attained a GMV of more than 10 Crore, and have a 100 percent positive unit matrix index. We aspire to be a catalyst for the expansion of India's MHE and warehouse sectors, as well as to maximize our capabilities with India's manufacturing industry. We intend to create a worldwide platform for Indian manufacturers to advertise their products, as well as to establish India as a global powerhouse for manufacturing high-quality material handling equipment”, concludes Jayant.
