Member Article

Introducing Mr. Suresh M. Lodha: Chairman, Western Thermal Limited

Mr Suresh M Lodha is one of India’s formidable business figures and is accredited with scaling businesses for sustained growth. He began his career leading Indsur Group, a $150 million valued Mumbai-based global business house, with diverse interests spanning across iron & steel castings, auto gears, oil & gas pipe, steel products, thermal engineering and boutique investments.

He is now Chairman of the British Engineering company Western Thermal Limited, which he acquired in 2017. A leading specialist engineer in thermal & acoustic insulation, ventilation ductwork, trace heating, and fire stopping, Western Thermal has been operating at the pinnacle of the industry for over 30 years offering high quality engineering work from supply to execution. With the recent acquisition of Henderson Site Services, Western Thermal has grown to become one of the market leaders in the UK and is poised to turnover £50 million in the next five years as part of its robust growth plan.

Mr Lodha has over four decades of experience spanning multiple industries and boardrooms, including more than two decades in project management, finance, and mergers & acquisitions for large Indian corporates and as an independent director for large public-sector undertakings. His invaluable experience has been vital in achieving the substantial growth of Western Thermal.

Speaking of his plans for Western Thermal, Mr S.M. Lodha says: “We hope in the next 5 years that we are one of the five largest players in this sector”. Western Thermal now seeks to aggressively achieve a 15% YOY growth and aims to achieve a target of £50 million over the period. Henderson Site Services is also set to achieve a steady progression over the next 5 years and is targeting a turnaround of £10 million. With 10% of Western Thermal’s revenue currently from international sources, the company now seeks to take advantage of the petrochemical, gas and oil industries and increase this to 30%.

Mr Lodha is actively involved in several industry organisations and professional bodies as an advisor and board member for organisations such as the CEO Club, India China Business Forum, Indo Italian Chamber of Commerce, and Federation of Indian Chambers of Commerce & Industry (FICCI).

This was posted in Bdaily's Members' News section by Daniel O'Donnell .