Led by her determination, G Durga Rani established Hyma Plates and Vessels (P) Ltd — with hers and her husband’s savings — in 2001, specialising in welding technology. Starting off in a small way, the company now contributes to India’s development by providing equipment to the Department of Atomic Energy, the Nuclear Fuel Complex in Hyderabad, the Bhabha Atomic Research Centre and the Department of Purchases and Supplies.
“We are proud to supply our customised engineering equipment to the most renowned and prestigious organisations in India, and indirectly contributing to the growth of our nation,” Durga Rani said. In fact, her very aim in establishing Hyma Plates and Vessels was to create greater opportunities and employment for the citizens of the country, to serve India better.
With beginnings in a small shed, Hyma Plates and Vessels now functions in a 3,308 sq m workplace, where the company manufactures its customised equipment solely on the basis of work orders, while participating in open tenders.
While entering the field of fabrication, Hyma Plates and Vessels faced competition from many existing entrepreneurs. And as an amateur entrepreneur, Durga Rani, citing a lack of proper knowledge regarding estimates in the initial stages, says that the prices quoted then resulted in huge losses.
However, even at the time of the economic slowdown in India, the company was able to secure a turnover of Rs4 crore, in the financial year 2009. Hyma Plates and Vessels, which aims to double this figure in the current fiscal, currently has 30 employees and has received certificates of performance from the Nuclear Fuel Complex as well as the Department of Atomic Energy for its work.
As an archetype of the successful female entrepreneur, her advice for budding entrepreneurs is, “They should have clear knowledge of the projects they are planning to start, and should conduct market surveys on the viability of the same.”
Now, Hyma Plates and Vessels plans to set up vendor registration with refineries of the Indian Oil Corporation, Reliance Petroleum Ltd and the Essar Group, and research bodies like the Defence Research and Development Organisation and the Indian Space Research Organisation. For this endeavour, yourstory.in would like to convey its best wishes to Durga Rani and Hyma Plates and Vessels.