Chartered Speed Pvt. Ltd., Ahmedabad
10, Aditraj Bungalows,Near Prerna Tirth Derasar, Satellite,AHMEDABAD – 380015
Thirty years of experience gathered in passenger transport and logistics has made Pankaj Gandhi a name to reckon. Strong business ethics, trust and reliability that Chartered Speed Pvt. Ltd. has adopted as its doctrine replicates the essence and values of Pankaj himself. The result has been phenomenal for the company he has nurtured, with steady double digit growth numbers trickling in within six years of formation.
Be it the successful bid for the for Ahmedabad Municipal Corporation's passenger transport services (AMTS) and BRT- Ahmedabad’s ‘Janmarg’ tender or the thirst for business diversification to be holistic in delivering smooth passenger transport solutions in the most innovative manner, skill development has been totally in-house with his able guidance.
Pankaj has always sensed out opportunities way ahead of competition, be it the eco-friendly cycle-sharing that is waiting to take off through an international collaboration with leading European group or 'specialised tourist transport' through a strategic tie-up in MP with State authorities, there are successful layers in every vertical of the company. He is inching closer to another successful pact with State authorities of Rajasthan too. He tapped radio cabs, premium bus service for inter-city travel, schools and staff buses and cycle sharing as well.
In fact, he started radio cabs at a time when Ahmedabad only had a single player with fleet of only 25 hatchbacks. He snapped up the scope and rolled in a fleet of around 144 premium sedans and MUVs.
The making of the man himself traces an interesting, experience-laden journey ever since he started his career way back in 1984 when he was only in the tenth standard. It happened with a motor spare parts shop, Raj Automobile in Sirohi, Rajasthan, his native, all by himself. This was a way forward for backward integration to streamline with his family’s business interests that lay in Raj Transport Company, a logistics player dealing in goods transport and trucks. Pankaj believes in being rooted to his past and that is the reason of Raj Automobile still being a core part of Chartered group with fair share of contribution to the turnover.
Pankaj decided to shift base to Ahmedabad in 1993 and join his family business. He was instrumental in bringing forth a public issue of shares in 1996 for Chartered Carriers Limited, later renamed Chartered Logistics Limited (now managed by his brother)
Despite the successes achieved, he realized his calling lay somewhere else in the passenger transport segment. The seed of starting with his own passenger transport segment project was developed somewhere in 2006. And in the year 2010 the Gandhi brothers amicably decided to diversify into other transport business models and thereby carry forward the family legacy.
While diversifying the business model Pankaj took the onus for Chartered Speed that was initially part of his family business and did parcel bookings. Starting a new venture, all alone had its pitfalls too. He immediately had no business in hand and was also amateur in the financial integrities; but as an astute businessman he reversed the disadvantages into favourable deals and since then the business just flourished to great levels.
On December 17, 2010 he acquired Premcall Cab, later renamed as Chartered Cab Pvt Ltd., with a fleet size of 100 cars. This was a radio cab company based out of Indore. It was a loss-making company, but achieved break-even within three months of takeover. The appetite for acquisition grew and in July 2011 he took over 'Mahindra Bus Service' with a fleet size of 20 buses hired for Ahmedabad Municipal Corporation.
Pankaj's forte lies in backing up all his efforts with a strong inventory and backend readiness. He believes in building in-house capabilities and skills rather than outsourcing the same. With his philosophy of nurturing young and fresh talents he believes in grooming the amateurs to be the experts. His expertise lies in converting loss-making ventures into profitable ones.
Under him, Chartered Speed Pvt. Ltd clocked exponential growth in revenues from about Rs. 4 crore in March 2011 to Rs. 210 crore in March 2016. The company has spun of multiple subsidiaries to enhance focus on select verticals. These include Chartered Auto Component, an automobile component manufacturer, Carpluss Chartered Auto Zone, a multi-brand car workshop for servicing and repair of own cars, Chartered Cabs & Oneway.cab and Chartered NextGen Solutions Pvt Ltd, a safety solutions provider.
Humbled natured Pankaj is led by strong instincts. He is a strong propagator of environmental preservation and his company takes CSR meaningfully. He likes reading and have collection of over 2000 books. A movie buff, he also love to watch television. Driving is both his passion as well as his stress-buster.
With a staff strength of close to two thousand, a total fleet of 900 buses and cars and low attrition rates, Chartered Speed Pvt. Ltd. indeed, is strong on the path to achieve many milestones.