The Indian mining sector faces a multitude of challenges. Right from identification of right asset to obtaining mining permits to environmental concerns, social license to operate, timely project development and efficient operations management for cost control. A consultancy firm can help this sector by streamlining options and providing strategic planning. That is what ReVal stands for, to advise and guide clients across the value chain and provide strategic view and unlock value.
Pukhraj Sethiya Co-founded ReVal Consulting Pvt. Ltd. in April 2022 to offer complete solutions for addressing technical, commercial, and financial challenges faced by the companies in mining and metals sectors. ReVal Consulting is committed to managing every step of the mining and processing value chain, ensuring a synchronized approach from start to end.
Reshaping the Mining Sector of India
ReVal Consulting is a consulting and professional services company founded by Industry Veterans Mr. Kumar Rajesh Singh and Mr. Pukhraj Sethiya to provide expert advisory services to Mining Sector clients in India and abroad bringing together multitude of skills to provide end to end solution to challenges client faces. Its qualified experts bring together the experience of the entire life cycle of the mining business. The company’s objective is to advise and help its clients realize value, reassure valued stakeholders, and re-validate existing plans and operations to maximize value to shareholders.
ReVal Consulting’s vision is to become the most preferred consultancy house for solving the challenges that capital industries face and creating value for all stakeholders. It has three core values: innovation, trust, and sustainability.
- Innovation – It focuses on bringing innovative ideas and solutions to clients to address root causes by involving experts from diverse backgrounds.
- Trust – The company’s focus is to build a long-term trustworthy relationship with its clients and team. It also provides solutions that, when implemented, help clients establish trust with stakeholders.
- Sustainability – The company’s solutions prioritize providing long-term and sustainable outcomes to its clients and society at large. By conserving resources, enhancing recovery, and minimizing the cost of reducing carbon footprint, the company can achieve this.
Crossing Hurdles through Valuable Lessons
Every business goes through hardships. In Mr. Pukhraj’s fifteen-year career, he had learned several valuable lessons.
- Perseverance is key when pursuing opportunities.
- Aim high but keep expectations grounded, avoiding premature celebrations.
- Embrace mistakes and failures as opportunities for growth.
- Build a strong team ready to tackle challenges.
- Cultivate relationships with friends and mentors.
These lessons have guided ReVal Consulting’s strategy, driving it to pursue aggressively while learning from setbacks. The company also faces a significant obstacle in the form of identifying, developing, and retaining the appropriate talent.
Implementation of Strategies
ReVal Consulting focuses on bringing different strategies and agile and shorter TAT services. It provides customized solutions to clients with a focus on value creation and bringing together multiple skill sets. It also offers a full spectrum of services across the mining value chain to enhance client satisfaction and forge enduring relationships. From exploration to project implementation, it focuses on partnering with clients in implementing its advisory solution to realize results. Engaging with clients from the exploration stage, assisting in project evaluation, partner selection, and investment sourcing, and helping ongoing implementation support the company’s work alongside clients to see results and readjust solutions under practical circumstances. This helps build trust and confidence through its comprehensive approach.
Since the company operates in advisory services, its investment is in the latest software and honing the skills of its people to help realize the best outcomes for its clients. With its investment in skill building, it can bring forth differentiated advice with a focus on business outcomes.
Commitment towards Long-Term Success
ReVal Consulting’s commitment is to create a long-term impact and realize that actual value goes hand in hand with its focus on long-term engagement. It achieves this by partnering in the implementation process rather than just preparing reports. Its offerings in project management and operational planning with implementation are to create a long-term impact on cost and a sustainable project footprint. The company is promoting the practice of “plan your mine and mine your plan” as part of its services. Most companies are expected to adopt this approach in the future. It represents a significant cultural shift in the mining industry, promoting sustainable, scientific, and environmentally friendly mining practices with a minimal ecological impact.
Standing Out from Others
ReVal Consulting focuses on value generation and unlocking value for its clients. The company provides a one-stop solution for all technical, management, and financial matters to Infrastructure and Capital industries in general and to mining and metals sector in particular. It works on the operational planning and implementation part along with its clients, especially in the mining sector, which makes it stand out from others. It also brings together experts with multi-geography and multi-mineral experience who have implemented these solutions in a live scenario, hence its team has more practical and hands-on experience.
Maintaining a Team of Talented Individuals
ReVal Consulting understands the importance of attracting and retaining top talent. To achieve this, it offers competitive compensation and provides regular guidance and coaching to shape the employees’ personalities. Moreover, it provides opportunities for direct client engagement, as the founders prefer to play the role of coach to help their people achieve their full potential. It adopts a fairly good level of people’s policies, including feedback, appraisal, other employee benefits, etc.
The company successfully retains and continuously engages its top talent due to several factors. Firstly, these individuals recognize the value created by their efforts as they work on long-term projects and implement them alongside clients. Secondly, they appreciate the challenging and differentiated work opportunities they receive. These are just a few reasons why the company is able to maintain a high level of talent retention and engagement.
Promoting Self-Motivation Philosophy
Consulting is a people business and every individual counts in it. Right at the hiring level, ReVal Consulting prefers to hire self-motivated people who align with the company’s goals. While it is a small organization, it focuses on employee engagement and tries to create policies and provide facilities similar to leading organizations. It has adopted a flat organizational structure and fostered a culture and environment where everyone can voice their opinion. To promote a culture of client-centric approach and innovation, most of its people work out of the client’s office to know what the client needs and also to help the client implement its advice correctly.
Looking Ahead for Bright Future
The future holds great promise for ReVal Consulting. With abundant opportunities in India and the dynamic energy and innovative thinking of the younger generation, the company is optimistic about its growth trajectory. It aims to become the leading consulting firm in the Indian mining sector and eventually expand into other industries and geographies. With a focus on developed India, it sees a lot of growth and investment in coal and the metal mining sector. With the government’s clear focus on self-reliance, the mining sector will need to invest more and ReVal Consulting is a partner for them to realize their value.
Mr. Pukhraj has a positive outlook toward ReVal Consulting’s bright future. He says, “India as a country has many opportunities, and the younger generation is more energetic, brighter, full of ideas, and courageous. In such a sweet spot, I see the future of ReVal as bright, and we are already on the path to being the preferred consulting organization in the mining sector in India.
We are broadening our services in the mining sector by including geology and exploration in our portfolio. We are gearing up to explore other industries, mainly infrastructure and power sectors. We see ourselves working with our clients not only on conceptualization but also on the implementation of projects. Further plans are to explore crucial opportunities to go global and expand our horizons!”
Advice for Other Businesses and Entrepreneurs
Mr. Pukhraj has advice for those entering consulting, mining, or entrepreneurship. It’s vital to realize that success doesn’t come overnight. The journey is essential for growth, and setbacks are part of the process. Embrace challenges as opportunities to learn and adjust the course. Instead of getting discouraged by setbacks, see them as chances to gain valuable insights. Rather than fixating on short-term wins, focus on continuous improvement and long-term goals. Last but not least, entrepreneurs have everything in their job roles, so while delegating effectively, be ready to take charge at any moment to deliver results as planned.
