Prime View The 10 Most Emerging Startups of 2018 | Page 13

Current Scenario of the Industry and Upcoming Opportunities
Construction Industry has traditionally been slow in exploring innovative methods and materials compared
to other industries. However, since last ten years lot has happened and it’s accredited to developers and
contractors for this paradigm shift where several new building technologies have penetrated India – precast
construction method being the most sought after.
Credit also goes to new government policies and government institutions such as BMTPC, HPL etc. who
off late have invested a lot in promoting newer construction technologies.
In addition to that, being an engineering consultancy, the company faced challenges like lack of sufficient
codal provisions for precast design in Indian standards posed several challenges in creating the
acceptability in the market for precast construction. Researching design methods followed in several
developed countries, bringing them to India, getting those vetted in Indian Institutes of Technology (IIT’s)
prior to its application helped the company overcome these challenges.
Change in existing construction methods is need of the hour. Due to more awareness of end user as regards
quality & delivery, shortage of traditional labor, increasing demand for housing etc., there exists large
opportunities for those involved with modern construction methods including us.
Meliorism in metaphysical concept is a belief that world
can be made better with human effort. Melior imbibes this
philosophy in its approach, thus striving continuously for
better services & solutions with application of state of the
art in Construction Technology.
Challenges Encountered at the time of Inception
Like for any other start up, initial years have been tough considering the generation of business and meeting
expenses. Being in the niche segment and promoting new technology, the company had to convince hard
the clients about the benefits it can bring to projects and to the industry as a whole. Thus, efforts have been
on quality service to the clients with focus on their small and big needs getting fulfilled. It helped them
retain their clients over long period with repeat orders.
Melior Structural’s focus has been more on partnering with clients for a long-term association rather than
getting any single project and the company takes pride in completion of 100 plus projects in a short period
and are currently offering their services to several major developers/contractors pan India.
Another major challenge have been to build and retain a capable team which is well trained and well versed
with this new construction technology. Selection of right talent, creating an environment of freedom for
learning and performing and regular training/mentoring helped the company overcome this challenge.