Mr. Pankaj Yadav, Founder of Truetech Services
By Gaurav Jain
Mr. Pankaj Yadav talks on the post-budget expectation
Mr. Pankaj Yadav, Because of family financial issues at the age of 14 started working as a sales executive earning Rs 4500 per month as it was a tough time to help his family make ends meet, over the years he kept switching between different small paying jobs such as a calling executive for a call center. In 2014 Mr. Pankaj Yadav noticed that most of the companies he worked with usually have a tough time in procuring IT equipment as they needed to set aside funds from their operational costs which caused a cash crunch. That’s when Pankaj realized that he could start leasing computers and laptops to these companies so that they would be less burdened by the financials and could focus on building their business better. So Pankaj started by buying 20 machines from the little money he saved over the years and some money he collected from his relatives and started renting them. Over the years his company has grown to now having to over 4200 devices covering most of his clients it requirement such as Desktops, laptops, mobiles, servers, printers and UPS. With companies such as Zip Electric, AIG, Capital First, Axalta Coating Systems, AWL Logistics, City furnish, GIC Housing, Loan Addax, Kodak TV and ITC Hotels using the service Teletech Services provides, the company has revenue of about 7.2 cr annually.
Mr. Pankaj Yadav, Founder of Truetech Services talked about the post-budget expectation to Prittle Prattle News through a press release. He said,”To give a push to its Atmanirbhar Bharat policy, the center unveiled a revised customs duty structure that will effectively increase the duties on a wide range of items. Some revisions are aimed at boosting the government’s localization of the production plan. Others have been introduced to protect local producers and manufacturers against the cheaper imports from countries like China. In the electronics sector, for example, steeper import duty rates are a precursor to upcoming schemes under the production-linked incentive (PLI) plan. These hikes are part of the broader plan to push local production of electronics components which may lead to the price rise. The move for the steep rise in the component prices will further increase pressure on the manufacturers. The mobile and electronics sector should have been spared from the general removal of exemptions where there was zero percent import duty. The hikes are also not in line with the consultation held with the industry and recommendations of the subject ministry and experts”.
About Truetech Services –
Truetech Services is a client oriented and professionally managed 93 million-plus company having its head office in Delhi. It was started in 2014 under the dynamic and young technocrats and professionals and very soon became one of the prominent IT Solution Provider in the market that has achieved growth rate of more than 100%, consistently since its inception.
Truetech Services is your convenient one-stop source for purchasing or renting desktops, laptops, servers, printers, networking equipment and other computer peripherals of all leading brands. Desktop, laptop, printer and server are given on rental basis with customization as required by the clients at very competitive prices. Our appetite for inspiration leads us to outshine in whatever we do – be it long term rentals, training events, seminars, large short term rental projects. Truetech Services is dedicated to serving consumers become more competitive by applying statistics intellect to solving their professional complications. The establishment implements a planned partnership with clients, transporting extra worth and support decision making and administration.
Truetech Services is one of the prominent providers of IT products on rental basis in major cities in India. Some MNC’s have recognized us as their authorized sole equipment leasing supplier and we have an always increasing list of pleased consumers.
Our products are given on rental basis with the option of customization as required by the clients at very competitive prices. Truetech Services is dedicated to serving consumers become more competitive by applying statistics intellect to solving their professional complications.
Truetech services was started by Mr. Pankaj Yadav in the year 2014. The company had an initial inventory of 20 computers which has grown to over 7000+ Laptops and Desktops till 2020.