RIG & BARGE WORLD
industry bodies in facility audits and earning accreditation from prestigious institutes . They ensure high standards of quality and customer satisfaction through its dedicated QA & QC department . Accredited with ISO 9001:2015 ( Quality Management ), ISO 14001:2015 ( Environmental Management ), and ISO 45001:2018 ( Occupational Health & Safety ), FORMURA maintains consistent management systems within the oil and gas industry .
Mehul notes , “ This , combined with strategic sponsorships of major oil and gas events like IADC , IDEC , OJME , and MOQ , has significantly increased our presence globally .” To further ensure high customer satisfaction , FORMURA actively seeks feedback from clients on their services . Mehul adds , “ This feedback is invaluable as it helps us continuously refine and enhance our skills and services .”
FORMURA ’ s Approach to Industry Challenges
Discussing the hurdles within the industry , Mehul highlights four major challenges , including managing inventory , operating costs , market volatility , and health & safety . Here ’ s how they address it : Managing Inventory : FORMURA uses distribution management systems for real-time visibility of inventory levels , tracking movement , and automating replenishment . This optimises levels , reduces costs , and ensures adequate supply . They also source materials globally to ensure customer satisfaction .
Operating Costs : Using ERP systems , FORMURA tracks costs and maintains separate budgets for OpEx , CapEx , marketing , employee benefits , and bonuses . All in-house departments collaborate to improve cost control , efficiency , and reliability .
Market Volatility : FORMURA ’ s marketing and business development teams build strategies to explore opportunities in various verticals within the oil & gas industry and beyond .
Health & Safety : FORMURA continuously improves health and safety conditions by establishing risk prevention requirements and identifying operational hazards before starting work . They also offer industry-related courses from accredited institutes for employees who travel offshore .
Cultivating Talent and Teamwork
Mehul describes FORMURA as “ a progressive organisation where growth and innovation are central to their goals .” Embodying its slogan , “ Turning ideas into reality ,” FORMU- RA emphasises excellence and employee development . The company fosters a culture of continuous learning , supporting its young workforce with training in management , engineering , and quality systems . Mehul highlights , “ We emphasise continuous learning and development , not just for our employees but also from them .”
Collaboration and teamwork are key drivers within FORMURA , which maintains a high-pressure , goal-oriented environment dedicated to outstanding results . This commitment to a dynamic work culture helps FORMURA attract top talent in the industry . By showcasing its company culture , values , and dedication to employee development , FORMURA positions itself as a desirable workplace aligned with professionals ’ career aspirations .
FORMURA utilises targeted recruitment campaigns , job postings , and professional networking events to engage potential candidates . Their LinkedIn presence highlights company achievements , employee spotlights , and participation in industry events . Mehul adds , “ We also share content about our commitment to professional development , including training programs , mentorship initiatives , and opportunities for skill enhancement .”
Key Accomplishments
Discussing their achievements , Mehul proudly shares , “ In a very short span , we ’ ve achieved significant milestones , including accreditation from prestigious bodies like ISO , ABS , DNV , and API . Notably , we are the only organisation in India to achieve DNV and API-Q2 certifications , which is one of our highest accomplishments .”
FORMURA has rapidly expanded its presence with new offices in Qatar , Singapore , and the USA within four years . Some notable developments include a major expansion of their head office in Anand , Gujarat , from a 98 sq . m . machine shop in 2018 to a 14,000 sq . m . facility with modern amenities . Additionally , their Qatar operations have grown from a 65 sq . m . office to a 250 sq . m . warehouse with office space .
Driving Sustainable Development
FORMURA is dedicated to managing its social , environmental , and economic impacts in line with customer expectations . Mehul emphasises , “ We actively encourage our employees to use resources efficiently , reducing waste and conserving natural resources like water , energy , and raw materials .”
FORMURA integrates sustainability and social responsibility by investing in research and development to discover eco-friendly technologies and processes . By setting clear sustainability goals , embracing circular economy principles , managing supply chains responsibly , investing in renewable energy , and engaging stakeholders , FORMURA drives toward a sustainable future .
Mehul adds , “ We believe that both individuals and teams must be responsible for achieving our sustainability goals . As we say , ‘ Quality is never an accident . It is always a result of intelligent effort .’ We focus on quality , not quantity , in our pursuit of sustainability .”
Current Initiatives
Mehul notes , “ Currently , our team is engaged in three different projects across various locations in India and the Middle East . Despite the challenging conditions , including the monsoon in India and the extreme heat in the Middle
22 | January-February 2025 | www . rigsbargeworld . com