Lokhande Industries Sees 166% Productivity Growth and 164% Profit Increase with 30% PAT Margin Expansion After Collaboration with Dr. Vivek Bindra and Bada Business Private Limited
Lokhande Industries, a manufacturing company based in Palghar, Maharashtra, has been operating in the key ring and chain production segment since 1978. Founded by Mr. Shrikant Lokhande, the company produces a wide range of products, including V-ring chains, anchor chains, flat ring chains, and blank key chains.
Over the years, it has built a steady reputation for delivering reliable, lightweight, and durable products while maintaining cost efficiency and customization for bulk buyers.
The company’s manufacturing operations are supported by a structured production unit divided into specialized departments such as research and development, quality testing, packaging, and distribution.
With a team of skilled engineers and workers, Lokhande Industries has consistently focused on meeting customer requirements and maintaining product quality. However, despite its established presence, the business faced challenges in maximizing productivity and achieving optimal operational efficiency.
In an effort to address these challenges, Lokhande Industries collaborated with Dr. Vivek Bindra and Bada Business Private Limited. The collaboration aimed at introducing structured systems, improving production discipline, and enabling data-driven decision-making to unlock higher efficiency and profitability.
Before the collaboration, the company operated without a clearly defined production planning system. Per-person output remained limited due to gaps in workforce utilization and the absence of measurable performance tracking.
There was also a lack of accountability at the individual level, which affected consistency in daily production. Profitability was impacted as fixed costs were spread over lower output levels, resulting in suboptimal margins. Additionally, the absence of real-time monitoring made it difficult to identify inefficiencies and take corrective action promptly.
Post collaboration under a Cash Growth Program (CGP), several structured interventions were implemented. A key change was the introduction of a daily targeting system through clearly defined KRAs and KPIs. Each team member was assigned measurable production goals, and performance reviews were conducted multiple times throughout the day. This ensured consistent tracking and immediate corrective action wherever necessary.
The company also adopted a data-driven approach to operations. Detailed analysis of production metrics enabled the identification of inefficiencies, while real-time monitoring systems improved visibility and control over output. Importantly, these improvements were achieved without increasing manpower or infrastructure, highlighting a strong focus on optimizing existing resources.
As a result of these changes, Lokhande Industries recorded a 166% increase in per-person production, reflecting a significant improvement in workforce productivity.
Per-person profit also increased by 164%, indicating stronger cost efficiency and better absorption of fixed expenses. The company further reported a 30% increase in PAT margins, demonstrating improved financial performance driven by operational discipline.
The transformation has also enabled the company to take a more strategic view of its future. Lokhande Industries is now planning to diversify into end-to-end pharmaceutical manufacturing, a move that aligns with its objective of entering a higher-value and scalable segment.
In addition to strategic direction, Lokhande Industry was supported by a dedicated team of consultants who conducted a detailed diagnosis of the business.
Core operational and revenue bottlenecks were identified, and targeted solutions were implemented across key areas. This ensured that every intervention was aligned with measurable outcomes and long-term scalability.
Sharing his perspective on the journey, founder Mr. Shrikant Lokhande said, “The structured systems and consistent performance tracking have helped us bring discipline into our processes. This has directly translated into measurable improvements across productivity and profitability.”
The case of Lokhande Industries highlights the role of structured execution, accountability, and data-driven systems in driving manufacturing efficiency. Through its collaboration with Dr. Vivek Bindra and Bada Business Private Limited, the company has strengthened its operational foundation and created a pathway for sustained growth.
