Lokhande Industries, a Palghar-based manufacturing company founded in 1978, has steadily emerged as a trusted producer of chain and key ring products in India. The company manufactures V-ring chains, anchor chains, flat ring chains, and blank key chains known for their durability, lightweight structure, and affordability.
Founded by Mr. Shrikant Lokhande, the business developed a stable manufacturing ecosystem supported by skilled engineers, production teams, quality testing departments, and logistics operations. Over the years, the company maintained a strong focus on product quality and customized manufacturing solutions for clients across industries.
Despite its established market presence, Lokhande Industries faced operational inefficiencies that restricted business growth and profitability. The company lacked structured production planning systems and measurable employee accountability frameworks, resulting in inconsistent operational performance.
Without clearly defined KRAs and KPIs, monitoring workforce productivity and identifying operational bottlenecks remained difficult. The absence of real-time tracking systems also delayed corrective interventions and affected overall efficiency.
To overcome these challenges and create a more scalable business structure, Lokhande Industries collaborated with Bada Business Private Limited under the leadership of Dr. Vivek Bindra.
The collaboration aimed to improve operational efficiency through structured execution systems, data-driven decision-making, and performance accountability mechanisms.
Before the collaboration, the company’s per-person production stood at 1534 kg per month. Operational inefficiencies and inconsistent production monitoring limited output levels and affected overall business scalability.
Post collaboration, several operational changes were introduced. Employees were assigned clearly defined KRAs and KPIs, while regular performance reviews improved accountability and production discipline across departments.
The company also adopted real-time monitoring systems and production analysis tools to identify inefficiencies and optimize resource utilization without increasing operational costs.
The results of these interventions were transformational.
Per-person production increased from 1534 kg to 2542 kg per month, reflecting a 166% increase in productivity. Per-person profit also increased by 164%, while PAT margins improved by 30%.
Overall, the company crossed the 100% business growth milestone, demonstrating how operational optimization and structured execution can significantly improve manufacturing performance.
The collaboration also encouraged the company to focus on future growth opportunities. Lokhande Industries is now preparing to diversify into end-to-end toys manufacturing, aiming to expand into a more scalable and higher-margin production segment.
Dedicated consultants worked closely with the organization throughout the transformation process, helping identify production inefficiencies, operational gaps, and revenue bottlenecks. Customized solutions were then implemented to ensure measurable and sustainable business growth.
Commenting on the company’s progress, founder Mr. Shrikant Lokhande said, “The structured systems and operational discipline introduced during this collaboration transformed the way we function as an organization. We achieved growth by optimizing the resources we already had.”
The transformation of Lokhande Industries highlights the impact of accountability, operational discipline, and data-driven management in modern manufacturing. Through its collaboration with Dr. Vivek Bindra and Bada Business Private Limited, the company has created a strong foundation for scalable and sustainable growth.
