Holding a degree in Bachelor of Arts [BA] in Literature, Mr. Turakhia is a self-taught businessman who migrated from Indore to Mumbai to achieve his dream of making a name in the esteemed steel industry. He is an astute entrepreneur and a true visionary having years of experience in the steel business. In his early years, Mr. Turakhia co-founded the Indore Loha Vyapar Association [ILVA] which has a strength of more than 800 members today. During his tenure as President and Vice President of Bombay Iron Merchants Association [BIMA], Mr. Turakhia played a vital role in streamlining the local steel industry.
His determination to the steel industry is unmatched so much so that he was presented with the lifetime achievement award from ILVA in 2005 and from BIMA in 2015. Mr. Turakhia is a renowned name in the Indore and Mumbai steel industry, his extensive knowledge and experience have helped Standard Group to flourish in its endeavor to reach the heights it has today. Post retirement Mr. Turakhia has involved himself for the betterment of the society through service in the field of education and medicine.
Mr. Nikunj Turakhia, a B. Tech graduate in Metallurgical Engineering from Indian Institute of Technology Mumbai, has been at the helm of Standard Group since its’ inception. Being the founder of the group, Mr. Turakhia has turned a single trading company into a group of companies dealing in multiple products across various business sectors. His entrepreneurial zest clubbed with boundless business insight is inspirational. His passion for trying something new, across the board knowledge and vast experience in engineering, finance, banking, manufacturing, imports exports, strategic planning, etc. has helped the Group scale new heights year after year.
Under his able leadership, the group has grown remarkably and diversified into varied products and services. It was in 1987 that Mr. Nikunj started out with the first company ‘Standard Conduits Pvt. Ltd.’ with flexible conduits as their prime product. Two decades down the line the Group have several companies to its name with Turakhia Infrastructure Pvt. Ltd. established in 2002, Standard Realtors Pvt. Ltd. in 2004, Turakhia Steels Pvt. Ltd. in 2006, Standard Galva Steels Pvt. Ltd. in 2008 and Standard Retail Pvt. Ltd. in 2010. The lists of products and services have also expanded exponentially with lighting & solar products, roofing solutions, service center facilities, etc. Five years down the line in 2011, the Group diversified into another spectrum of realty. Nakshatra Project, the brainchild of Mr. Nikunj was launched at Deolali, Nashik.
Besides being an astute entrepreneur, Mr. Turakhia is currently serving his tenure as the Administrative Director at BIMA (Bombay Iron Merchants’ Association) since 2013. He is a prominent member of the association which is actively involved in the betterment of the local steel industry. Mr. Turakhia has played a significant role on behalf of BIMA on the various panels of conferences regarding the BIS order and Safeguard duty. Being in the steel industry for numerous years, Mr. Nikunj strongly felt the need to create an association for all steel users, thus leading to the birth of SUFI (Steel Users Federation of India). Mr. Nikunj is currently the Founder, President and Promoter of SUFI.
Churchill said "We make a living by what we get but we make a life by what we give" Mr. Turakhia strongly believes in the same. He believes education is the key to future and thus various contributions in educational institutes. Just to mention pharmacy college at Indore stands in the name of his mother viz, NUTANBEN M. TURAKHIA PHARMACY COLLEGE. He has made several contributions to various social and religious organizations, to Dr. L M Dhruv Balasharam, to Samaj Ratna Chinubhai Shah Bhagini Mitra Mandal, to Mahavir Heart Research Foundation, Muktanghan School Mumbai and many more.
Mr. Parth, representing the third generation for the Turakhia family is a director for Standard Group of Companies. Holding a degree in BBA from the renowned Northeastern University in Boston, Massachusetts, Mr. Parth backed with passion, motivation and knowledge brings in new ideas and strategies to take the group forward.
Mr. Parth adds the sparkle which is required for the Group to meet its objective. In his role as the Director, Mr. Parth is be involved in several activities including decision-making that will set the path for the Group to move ahead. His inherent understanding of the industry, company culture and product line, combined with his ability to quickly learn new skills will be beneficial for the Group in the long run.
The above team is supported by several employees from various departments like Import-Export, Logistics, Productions, Marketing, Sales, Finance, Accounts, IT & MIS.