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India's Leading Infrastructur Companies 2013

 
 

 

Q. Kindly provide us with a brief profile of Stepping Stonz

A. “Stepping Stonz”, founded in 2003, commenced business as a proprietorship concern engaged in manufacturing, supplying, and trading of an exclusive range of natural stone, mosaics, and tiles. These stones are used in floorings and many other applications. The extensive customer demand and appreciation for these stones come from the elegant designs, shapes, immaculate cuts, scratch resistance, finest finishing, aesthetic patterns, varied color combinations, robustness, and smooth cuts.

Our sound infrastructure facilities and well-trained professionals enable us to offer qualitative range of stones in the industry. Under the able guidance and leadership of our Mentor “Mr. Rohan Salian”, we have successfully carved a good position in industry along with a market niche in a competitive scenario. A panel of experienced and dedicated professionals provides us with the required support. These able panelists design our products as per the individual needs and requirements of our clients. We select our professionals through stringent recruitment policies, ensuring that we get the right person for the right job. We conduct different training sessions and seminars to make our team aware of the latest market trends prevailing in the industry.

We are a quality-conscious firm that primarily aims to deliver exceptional range of products to our discerning clients. We have an established outfit comprising advanced and modern technologies in our department that assists us deliver a flawless range of products. Experienced quality auditors with a vigilant eye supervise the entire manufacturing process. Owing to our ethical business policies and transparent monetary transactions, we are able to carve a notable position in the competitive industry.

Golden Gate, Renaissance Technologies, etc are some of our major projects.

Q. What are the key challenges faced by the infrastructure sector?

A. The challenges that are affecting the construction sector are: Delay in permissions and clearance of the projects from the respective department affects the project completion leading to an increase in the project cost. Even shortage or poor quality of the materials, inadequate financing options, and shortage of skilled workers are some of the major challenges that the infrastructure sector faces.

The government should play the role of a facilitator and take measures to expedite the infrastructure development.

The government has to introduce the policy of single-window clearance instead of the clearance from the various departments. Coordination within the government departments needs to improve to facilitate availability of longterm debt from the national and international market and to identify the additional revenue options for developers.

Q. How does the company meet its financing requirements and which form of financing does the company prefer?

A. Stepping Stonz is a zero debt organization, which manages assets worth more than ` 1 bn. The company raises the required funds through the overdraft facility and term loans from its bank. The company is planning to come out with an IPO by 2017.

Q. What will be the major growth drivers for the sector in the next five years? What measures has your company taken to explore untapped opportunities?

In the next five years, growth drivers for the sector will be roads and highways, bridges, flyovers and under-pass, transportation structures, railways, airports, water pipelines, urban infrastructure, water, and solid waste management systems.

The company is building pre-qualification agreements and resources, tying up with strategic partners for relevant technology, and bidding to explore untapped opportunities.

Q. What kind of logistical support does the company provide to the infrastructure companies?

A. Stepping Stonz is an integrated solution provider for natural stones. We ensure that our clients overcome hindrances such as inflation, escalating material costs, labour issues, project delays that typically result in surplus inventory and unhappy customers. Our services are best suited for large developers and developers who have a surplus of inventory across various projects in multiple locations. We also hold expertise in managing infrastructure projects. We feel proud to be associated with Bangalore Metro project.

We have supported our clients through recession, as well as through delay in projects and inflation, without increasing the base contract value. Our clients have managed to expand their service offerings, thus resulting in an extended association with them.

We source the required material from quarries under excellent supervision. We involve expert geological markers who mark the raw blocks ensuring minimum impact to the environment. We attempt to achieve customer delight by ensuring that products go through stringent quality checks, compliance with all government regulations. This positively impacts our customers as it minimises their involvement post selecting the stone required for their projects.

Post procurement and processing of material we also undertake the transportation of material and most importantly execute the installation as per the client requirement; thus reducing wastage and optimizing output. Additionally, we ensure competitive pricing of any natural stone, than any other service partner. We truly are Globally accessible and locally available.