We recently had the privilege of interviewing Mohan Chandra, Founder & CEO of MOLTEN. His journey as an entrepreneur has been incredible and reflected by addressing the market challenges, listening to clients’ requirements, expanding MOLTEN’s portfolio, investing in innovation, gaining market recognition, and achieving sustainable growth. All these factors have led his business to excel in the HVAC industry. His understanding of the market behavior and innovative approach towards the same is adding to the success of MOLTEN. The company offers various solution-oriented services within the HVAC industry. Let’s learn more about Mohan Chandra and his journey through this interview below.
Overview Of the Journey
We were intrigued to learn about the milestones that influenced Mohan’s career journey. We asked, “Can you share key milestones and turning points in your journey as an industry leader or entrepreneur?”
Mohan Chandra shared, “Certainly, several vital milestones and turning points in my journey at MOLTEN have shaped me as an entrepreneur.
One significant turning point early on was recognizing the prevalent HVAC challenges in buildings across Dubai, particularly related to air conditioning and ventilation. These issues often stemmed from construction design faults. It was a turning point for us when we realized our expertise’s potential to solve these persistent problems.
As we began addressing these challenges, we received valuable feedback from our clients. Their satisfaction and positive testimonials encouraged us to continue and fueled our commitment to excellence in the HVAC industry.”
Mohan Chandra added, “Another crucial milestone has been the continuous expansion of our portfolio. We’ve taken on numerous projects and added a growing number of satisfied customers to our roster. Each successful project has been a milestone in our journey, demonstrating our capabilities and solidifying our reputation.
My journey as an entrepreneur has been marked by recognizing and addressing industry challenges, listening to our clients, expanding MOLTEN’s portfolio, investing in innovation, gaining market recognition, and achieving sustainable growth. These milestones and turning points have propelled me to where I am today, and we remain dedicated to continuous development and excellence in the HVAC industry.”
Inspiration Behind Building This Company
Every business owner gets inspired by certain events that help build their company. So, we asked, “What inspired you to start your own company or venture in this industry?”
Mohan Chandra shared, “My journey in the HVAC industry for over 7 years, working at the ground level across various sectors and regions, provided me with a unique perspective. I gained valuable insights into the challenges and opportunities within the field. It became evident that I had the knowledge and expertise to make a significant impact and bring much-needed innovation to the industry.
I also noticed that innovation in the HVAC industry could have been faster than in other sectors. As a result, air conditioning has become increasingly expensive and a significant energy consumer. Given my background in this industry, I saw it as my responsibility and an incredible opportunity to address these issues with my expertise. That’s why I founded my company, MOLTEN, as a crucial first step towards revolutionizing the HVAC industry.”
Embracing Innovative Approach
An innovative approach goes a long way in building a solid position in a business. So, we asked, “How do you foster innovation within your company? Can you provide an example of a successful innovation initiative?”
Mohan Chandra shared, “At MOLTEN, we believe in constantly pushing the boundaries of what’s possible in the HVAC industry. One of the critical ways we foster innovation is by leveraging our expertise and the data-driven approach we’ve developed.
For instance, many of our customers are HVAC contractors themselves. We understand the challenges they face in delivering efficient and cost-effective solutions. To address this, we have developed a specialized system that directly collects data, measurements, and technical parameters from HVAC systems. Our highly qualified technical team then analyzes this data using calibrated instruments.
This approach has led to groundbreaking innovations in how we optimize HVAC systems. Using real-time data and precise measurements, we can identify inefficiencies, recommend tailored solutions, and ultimately help our clients save energy and money. This initiative has improved our customers’ businesses and set new industry standards for data-driven HVAC solutions.
Innovation at MOLTEN is an ongoing process, and we’re committed to continually pushing the envelope to provide cutting-edge solutions to our clients and the HVAC industry as a whole.”
Attracting The Right Talent
Having the right and top-notch talent is paramount to ensure business growth. We asked, “How do you attract and retain top talent in your organization?”
Mohan Chandra replied, “At MOLTEN, I firmly believe that our company’s success is intricately tied to the success of our people. As the CEO, it’s my responsibility to drive our organization’s growth and ensure that our team members are thriving along the way. Our commitment to attracting and retaining top talent has been a critical driver of our success, as evidenced by our approximately 50% year-over-year growth.
We acknowledge and reward exceptional performance and dedication. This recognition can take various forms, such as bonuses, promotions, and public recognition within the organization.
We have successfully attracted top talent to our organization and retained our valued team members. We understand that our employees are our most valuable asset, and we are committed to their personal and professional growth as they contribute to the continued success of MOLTEN.”
The Crucial Duo
“How important has mentorship and networking been in your professional journey?”
Mohan Chandra shared, “Mentorship and networking have played vital roles in my professional journey. They are both instrumental in personal growth and business success.
Mentorship: I firmly believe in the power of Mentorship. Throughout my career, I have been fortunate to have mentors who have guided me, shared their wisdom, and provided invaluable insights. Mentorship has been the key to my personal development and elevating my team members to the next level. It’s a way to pass on knowledge and experience, ensuring we all continue learning and growing.
Networking: Networking is equally important, both internally and externally. Within our organization, fostering strong internal networks encourages collaboration, innovation, and a sense of belonging among our team members. Externally, being a member of organizations like BNI (Business Network International) has been an excellent opportunity for me to connect, learn, and share experiences with other successful business leaders from various industries. These external networks have provided fresh perspectives, new ideas, and valuable partnerships that have contributed significantly to our company’s growth and success.
In summary, Mentorship and networking have been essential elements of my professional journey. They have enriched my knowledge, expanded my horizons, and helped me build meaningful relationships within and outside our organization. These experiences continue to shape my leadership and contribute to the success of MOLTEN.”
Every industry has its set of challenges; what matters most is overcoming them effectively. So we asked, “How do you assess and mitigate risks in your business?”
Mohan Chandra replied, “Assessing and mitigating risks is a fundamental aspect of our business strategy at MOLTEN. To ensure the sustainable future of our company, we’ve implemented a structured approach that focuses on attention to detail and comprehensive coverage within the HVAC industry.
We’ve invested in building a robust Enterprise Resource Planning (ERP) system that serves as the backbone of our operations. This system allows us to monitor, analyze, and manage various aspects of our business in real time. It helps us identify potential risks, whether related to supply chain disruptions, financial issues, or operational challenges.”
Mohan Chandra added, “Within the HVAC industry, we have diversified our offerings to cover multiple areas. This diversification includes trading, service installation, consultancy, and developing our proprietary products. By having a presence in various industry segments, we can spread risk and ensure that our revenue streams remain stable even if one area faces challenges.
We stay current with industry regulations and compliance requirements to minimize legal and regulatory risks. Our commitment to ethical business practices is critical to our risk mitigation strategy.
In summary, our approach to assessing and mitigating risks is multifaceted. We combine technology, diversification, ongoing evaluation, financial prudence, insurance, and compliance to protect our business and ensure its long-term sustainability. This approach allows us to proactively address challenges and seize opportunities in the dynamic HVAC industry.”
Adapting To the Latest Technologies
Another major factor that matters the most regarding the company’s success is adapting to the latest trends and technologies available in the industry. We asked, “How do you adapt your business strategy to capitalize on emerging opportunities and industry shifts?”
Mohan Chandra shared, “Adapting our business strategy to capitalize on emerging opportunities and industry shifts is crucial to our success. To achieve this, we employ a proactive approach that involves staying prepared and connected to the ever-changing landscape of our industry.
We are constantly monitoring industry trends and innovations. This includes keeping a keen eye on technological advancements, market trends, and shifts in consumer preferences. We analyze these trends to identify potential opportunities for growth and expansion.”
Mohan Chandra continued, “Social media plays a pivotal role in staying connected with our audience and industry developments. We use various platforms to share our expertise, engage with our customers, and keep them informed about the latest products within MOLTEN. It also provides a valuable channel for receiving feedback and insights from our customers and peers.
Building solid relationships with industry leaders and peers is essential. We actively engage in networking events, conferences, and partnerships to stay connected with like-minded professionals. This helps us exchange ideas and provides a platform for potential collaborations and joint ventures.
Our approach to adapting to emerging opportunities and industry shifts is multifaceted. We combine monitoring trends, social media engagement, networking, agile decision-making, continuous learning, and strategic planning to position ourselves to seize new prospects and stay at the forefront of the HVAC industry.”
Advice To Beginners
Starting in a similar field, hearing from an expert like Mohan Chandra will be helpful. So we asked, “What advice would you give aspiring entrepreneurs in this industry? What key lessons have you learned along the way?”
Mohan Chandra shared, “I would offer the following advice to aspiring entrepreneurs in the HVAC industry, along with some key lessons I’ve learned on my entrepreneurial journey:
Long-Term Vision: Have a clear and ambitious long-term goal for your venture. The HVAC industry, particularly in complex areas like central air conditioning systems, can present intricate engineering challenges. However, viewing these challenges as opportunities and having the patience and persistence to work towards a long-term vision is essential.”
Mohan Chandra continued, “Consistency: Consistency is critical in building a successful business. It’s not just about solving problems when they arise but also maintaining consistent quality and service. Customers value reliability and consistency in the HVAC industry.
Aspiring entrepreneurs in the HVAC industry should have a long-term vision, be consistent, embrace learning, adapt, prioritize customers, build relationships, excel in problem-solving, practice ethical business, remain resilient, and make a strong team. These principles have been critical to our success at MOLTEN and can be a solid foundation for any HVAC business venture.”
Visions For The Business, we asked Mohan Chandra
“What are your long-term goals for your company? How do you plan to remain competitive in the evolving business landscape?”
Mohan Chandra shared, “Our long-term goals for MOLTEN are driven by a commitment to innovation and sustainability within the HVAC industry. To remain competitive in the ever-evolving business landscape, we have a strategic vision that centers around one primary objective:
Massive Manufacturing of Innovative HVAC Products is our overarching goal, which is to produce HVAC products that are not only cutting-edge in terms of technology but also address key industry challenges. These products will be designed to be affordable, easy to maintain, and highly energy-efficient.
By doing so, we aim to stay competitive in a rapidly evolving business landscape while addressing the pressing challenges in the HVAC sector. Our commitment to excellence, customer focus, and adaptability will be the cornerstones of our success in achieving these long-term objectives.”
Find Mohan Chandra on LinkedIn.