For The Gain of the Many and For the Welfare of the Many
Bangalore: Jagatheesan Chandrasekharan seems to be a man in hurry. The corporate honcho, after a long innings at Aircraft Resaerch and Development is busy chalking out his next course of action as an “entrepreneur manager.”
After retiring from the ARDC, JC has already firmed up partnership plans for his next interface with the aeronautical industry - a pan-India multi-brand service, wholesale and retail network.
The 65-year-old JC was in aeronautics for well over a three and half decades, the country’s biggest aircraft company.
“I always thought of myself as an entrepreneur-manager and feel that now is the time for doing just that,” JC says on post-retirement plans. And he backs his conviction with concrete plans, pointing out the loose-ends and possible weaknesses that the booming aeronautical industry is facing.
“The aircraft market in India is set to expand in the coming years and this would require more hangars and airstrips, calling for heavy investments, considering high set-up costs, including the real estate,” JC said.
And this is where the opportunity lies, he feels, pointing out that existing dealers would not have the resources to cope with this demand.
“I plan to start a company that will have joint ventures across the country to provide this infrastructure and it would be at a far lesser cost, considering it will be multi-brand (separate showrooms for each brand),” JC said.
As per his plans, JC has lined up capital expenditure through a holding company where apart from him, a real estate company and an insurance company will be roped in as stakeholders. “People are coming to us and we would forge partnerships and joint ventures with like-minded entrepreneurs in various parts of the country to spread the network,” he said.
”A core team is already in place, which also includes people from abroad who have been part of such multi-brand formats,” JC said.
While initially the outlets will focus on spares and service, it will expand to sales of new small aircrafts, accessories and even second-hand aircrafts in the coming years, he said.
“We plan to have the first couple of units operational by the end of this year,” JC said, insisting that he was “not competing with the existing network of aircraft companies.”
He said his venture plans to have around 100 hangars and short airstrips as outlets in the next four to five years.