Standon Consulting: Empowering Textile Businesses & Professionals with a Unique Concoction of Consulting & Mentoring

Sharad Tandon , CEO

Currently home to around 40,000 textile and garment manufacturing units, India is the second largest textile market in the world today and draws 30 percent of its GDP from the sector.

As per IMARC Group’s recent report, the Indian textile industry which currently is worth $146.55 billion is expected to amount to $213.51 billion by 2033, exhibiting a 3.85 percent CAGR during the forecast period.

While such encouraging figures have resulted in an increasing number of individuals aspiring to foray into the textile industry, lack of proper knowledge and understanding of various intricacies involved in the textile business has been a common cause of skepticism among most of them.

Helping such entrepreneurs jump onto the textile bandwagon by handholding them through the entire business lifecycle is Standon Consulting. Based in Mumbai, Standon is the brainchild of Sharad Tandon (CEO), a seasoned textile industry professional with close to four decades of cross-functional expertise in managing textile units of varied sizes.

A textile engineer from SASMIRA (Mumbai), Sharad is one of the most widely recognized textiles technology expert in India who is known for his innate ability to help organizations as well as individuals – including younger generations entering their family textile business – strategize in the right direction with a result-oriented mindset to achieve their organizational objectives.

Key Areas of Practice

Standon offers a wide range of services that include Technical Textiles, Turnkey Projects, Independent Board Review Service, Virtual CEO, Business Audits, Resource Utilization, Mentoring, and Business Reorganization, to name a few.

In terms of turnkey projects, it takes care of the entire textile setting-up process – right from conceptualization to technical & financial feasibility analysis, designing the project’s technical parameters, and commencement of commercial production.

Further, the company not only helps business to optimize their available resources for maximum cost-effectiveness but also audits their manufacturing units for any deviations from established norms and conducts regular checks of the quality standards of their machinery as well.

“While our Virtual CFO enable business to leverage corporate-level high quality professional expertise in handling their end-to-end financials, our unique offering named ‘DIRECT’ (Design, Incubate, Raise, Execute, Commercialize, Transfer) takes an idea around technical textile business to reality, including the actual commercial production, without the need for installing any infrastructure or employing expensive manpower.

Further, our mentoring services enable textile owners who’re already heading their organization for decades to effectively cope with modern day challenges and lead their companies towards success”, says Sharad.

“
Engaging continuously with our mentees, we ensure that they don’t get overblown by their own success by constantly pulling them out of their comfort zones and challenging their potential

Standing a Class Apart

A key differential factor for Standon has been Sharad’s unique ability to provide a combination of both consulting services as well as coaching and mentoring individuals in the textile industry. For clients who run a family textile business, he not only understands the concerns of elder generation who’re already familiar with the operation of their company, but also understands the varying aspirations of the new generation members who are new to the industry and merges both their perspectives into an efficient business model.

Unlike other consulting firms who just rely on data to provide recommendations, Sharad takes the client’s emotions, desires & expectation into consideration and accordingly formulates a custom business strategy with well-defined SOPs to help them achieve their aspirations.

Most importantly, he is well-aware that numerous individuals from varied age groups comprise the board of a family textile business and thus ensures to take all their perspectives into consideration and achieve mutual consensus to put-in their collective efforts to create a bigger impact and sustained business growth in the long run.

“With extensive knowledge and profound understanding of various functions of a textile manufacturing unit, Sharad has enabled our management team to create a unique and sustainable business model that caters to every need of our organization.

His biggest strength is his focus on increasing the profitability by leveraging the strengths of the existing setup, working around the constraints, and accordingly coming-up with simple workable solutions to a host of complex issues”, elucidates Nikunj Bagdia (Managing Director, Ken Enterprises), sharing his experience of engaging with Standon.

A Socially Responsible Organization

Striving towards the betterment of the textile industry as a whole, Standon also runs a group of 300 youngsters from within the sector where he encourages them to meet each other, socialize, brainstorm, and exchange about their respective businesses.

Sharad is also the President of SASMIRA Alumni Foundation and even organizes textile industry experts to interact with these young professionals and help them with relevant job openings as well.

Recently, the company has also started a series on successful women entrepreneurs in the textile industry which are sent as newsletters or published to further encourage people about the positives and success stories of the sector. Going forward, Sharad plans to take-up more projects that would help him delve deeper into the textile sector and enable better value creation through opportunities for employment and career growth.

🍪 Do you like Cookies?

We use cookies to ensure you get the best experience on our website. Read more...