FORMURA : TURNING IDEAS INTO REALITY —
Championing Advanced Engineering Solutions for a Dynamic Industry Landscape
With rapidly evolving industries , the demand for high-quality engineering solutions is increasing , especially in the power transmission and oil & gas sectors . As technology advances , the need for innovative and dependable engineering services becomes more critical . Companies are seeking partners who can not only meet their current needs but also anticipate future challenges and opportunities . This is where FORMURA steps in .
FORMURA , one of the fastest-growing firms , provides complete engineering solutions , including engineering , designing , manufacturing , and testing . Under the leadership of Mr Mehul Parekh , the company has thrived by adhering to a philosophy that “ optimum design can only be achieved by paying major attention to minor details throughout the project ,” the company is dedicated to partnering with clients for their product development needs . From their roots in Gujarat , India , to offices in Qatar , Singapore , and the USA , FORMU- RA Group consistently exceeds industry demands with innovative solutions .
The Genesis of FORMURA Mehul ’ s journey in the business world began in 2017 when he returned to his hometown of Anand , Gujarat , after losing his job in Dubai . With limited funds and uncertainty about his future , he was inspired by his elder brother , Mr Nilesh Parekh , who was
successfully running a business . Guided by his brother ’ s advice , Mehul started a trading company dealing with gear couplings for industrial applications .
Mehul recalls , “ In 2017 , I won a dealership from ESCO Couplings . However , until 2018 , I struggled to establish myself in the market while also searching for a better job .” During this period , his friends suggested Mehul to explore business opportunities related to Jacking Systems for offshore rigs , leveraging his extensive experience in the field .
One day , Mehul received a call from a friend asking him to manage the fabrication of some parts . Uncertain but determined , he reached out to an ex-colleague , Jay Parmar , whose father , Mr Dilip Parmar , ran a machine shop . After successfully delivering the fabricated parts and receiving positive feedback , Mehul was motivated to pursue this path further .
Mehul recalls , “ I discussed the situation with my father , and that marked the beginning of FORMURA , with my father , Mr . Satishchandra Sharma , and my wife , Mrs Dipal Parekh , as directors . With the support of Mr Dilip Parmar and Mr Dipak Patel , we successfully delivered newly manufactured small components used in Jacking Systems on Jack-up Rigs offshore . My confidence grew , but the COVID-19 pandemic soon caused a significant setback .”
Despite the challenges , Mehul and Jay decided to start a new company , FORMURA OFFSHORE SERVICES PRIVATE LTD . ( FOSPL ). They soon secured an order for special tools from Derek Conrad Sequeira in
20 | January-February 2025 | www . rigsbargeworld . com