Rajhans (Desai-Jain) Group announced the launch of its first-of-its-kind unique online platform Shareconomy, which connects industrial capacity owners with potential capacity seekers around the globe. Having proved itself as a successful conglomerate, the Rajhans (Desai-Jain) Group, a 4500 crore business house, launched B2B E-commerce platform – Shareconomy. This innovative venture of Rajhans Group is poised to revolutionize the industrial area by optimizing the underutilized capacities like never before.
The industrial sector in India, in general, is suffering from the problem of underutilization of plant capacities. Although there are differences in estimates of underutilization of capacity of Indian industries, they vary from 60-70 per cent. The Shareconomy platform has been launched to drive a systematic approach for optimizing utilization of industrial capacities. Shareconomy is built on the concept of sharing. There are people with multifarious business needs and others with surplus resources that could potentially cater to the former’s needs. On Shareconomy, industrialists can extend the reach of their capacities, and would also be able to explore a variety of new possibilities; thereby scaling up to their real potentials. Shareconomy platform is designed to provide market intelligence that would not only help capacity owners and seekers but also provide insights into key aspects of industrial health.
The platform aims at a profitable & mutually beneficial relationship between industrial capacity owners and seekers. In fact, it will help realize dreams of many businesses and new ventures by offering them a diverse range of capacities at preferred locations and matching to their exact requirements. While utilization of capacities will improve, on the one hand, it would avoid duplication of investment and reduce entry barriers for new ventures on the other hand. Newer players and other specialized capacity seekers can post their specific needs. The platform, with carefully thought contextual parameters for registering industrial capacities, will streamline the process of finding the best fit from a pool of capacity owners registered on it.
Add to more, Shareconomy provides expert guidance on different aspects of businesses such as evaluation of competence, marketing and also help find the right people for your any specific business needs to name a few. It also offers a range of allied services to help capacity owners and seekers such as technical & financial due diligence, product design & development, label design, company formations, etc. Shareconomy plans to do away with the complex business environment by making it much more hassle-free, accessible and of course, uncomplicated. Shareconomy makes the process of forming industrial alliances very simple.
Mr. Jayesh Desai, Group Chairman, Rajhans (Desai-Jain) Group said, “With an aim to scaling newer heights, Rajhans Group has always spread its roots across various sectors. With the thriving e-commerce platform like Shareconomy, we plan to change the way people do business. Shareconomy simply breaks down the barriers among businesses by generating the best connections backed by expert guidance leading to practical solutions, the range of opportunities and a whole new recognition to your business. In coming times in India, when such available spare capacities are converted into actual business, it will be in billion and trillions of dollars. It is a matter of creating visibility about them and help them to improve their utilization”
Mr. Shekhar Kale, Co-founder & CEO, Shareconomy said, “Within India, there are 36 million registered MSME units and the major challenge for them is the utilization of installed capacities. Very few companies work to the fullest of their capacities. There is no online or offline platform where you can get ready information about available spare capacities. As per various sources, utilization of capacities are plummeting, thereby challenging the financial viability of businesses, increasing industrial indebtedness and loss of employment. At the same time, new entrepreneurs and business houses are building new capacities without being aware of available spare capacities in the country, which in turn is further adding to more spare capacities within the country.”
Shareconomy is based out of Mumbai with regional offices in Delhi, Bangalore, Surat, Kolkata, Pune and Hyderabad and is a part of the Surat-based Rajhans (Desai-Jain) Group. They also have further plans to expanding internationally in countries like Singapore, the UK and US.