RITVIK TYAGI

A DYNAMIC LEADER TAKING FAMILYOWNED BUSINESS TO THE NEXT LEVEL.

DIRECTOR, SVS REFCOMP

Taking over a family business is not the same as establishing a new business from scratch. It comes with its own set of challenges, such as upholding the values and ethics of the enterprise, keeping up with technological innovation, adopting digital strategies, attracting the right talent, and more. A new company can take risks and explore daring business strategies. Only a leader with sheer dedication, commitment, and a 'never say never' attitude can achieve success in taking over the reign of a family business. One such dynamic leader is Ritvik Tyagi, Director of SVS Refcomp who has been taking the family-owned business to a greater level each passing year.

SVS Refcomp manufactures all kinds of cooling components for refrigerators and air conditioners including dryers, condensers, evaporators, valves, and distribution pipes. They also have a welded steel tube plant situated in Hyderabad for manufacturing various sizes of steel tubes with different surface coatings and is the only steel tube factory in India that is ZLD (Zero Liquid Discharge) certified. Their customers are all the OEMs in the refrigeration industry including LG, Samsung, Haier, Whirlpool, Godrej, and more.

In this interview, we have brought you an insightful conversation with Ritvik, an experienced leader in the refrigeration industry. Join us as we explore his remarkable career journey, from humble beginnings to becoming the director of SVS Refcomp.

Can you give a brief overview of your career journey?

I joined my family business about two and a half years ago, and initially, it was quite challenging. I never planned to join the business, but then I realized that I was genuinely interested in it. I liked the products and the challenge of managing a team and making highlevel decisions.