Amid the real estate boom of the early 2000s, as India’s construction sector experienced unprecedented growth until the financial downturn of 2008, Vikas Mittal, the illustrious owner of Nova Formworks, emerged as a trailblazer. This success story unfolds at the intersection of innovation and construction, where Mittal’s foresight and commitment have propelled his company to become a leading player in the global plastic formwork market, valued at an impressive Rs 100 crore in 2022.
Early Observations and Roots of Innovation
Vikas Mittal, not formally trained as an engineer but armed with sharp business acumen, identified the limitations of traditional formwork materials such as plywood and steel during the real estate boom. Drawing inspiration from his father, Jagdish Rai Mittal, a pioneer in the plastic manufacturing industry, Vikas spent crucial years on the factory floor, gaining insights that would prove pivotal in shaping his entrepreneurial journey.
From PVC Pipes to Plastic Formworks: The Evolution of Wonder Moldplast
Joining his father’s business, Wonder Moldplast, in the ’90s, Vikas Mittal witnessed the evolution of a PVC pipe manufacturing company into a leader in plastic compounding. This hands-on experience set the stage for Mittal’s later ventures. His diversification into plastic molded furniture and the establishment of a factory in Ghaziabad paved the way for Nova Formworks.
Nova Formworks: A Paradigm Shift in Construction Dynamics
Nova Formworks stands as a beacon of innovation and sustainability in the evolving construction landscape. Positioned at the forefront of the global shift towards sustainable practices, the company offers practical solutions to traditional construction challenges, particularly focusing on the environmental impact of construction materials.
The Plastic Revolution: Efficiency, Versatility, and Sustainability
Utilizing plastic formworks crafted from durable compounds, Nova Formworks marries efficiency, versatility, and sustainability. The resilience of the plastic compound against impacts ensures structures’ longevity, aligning seamlessly with Nova Formworks’ commitment to sustainable construction practices.
Industry Recognition: Awards Validate Commitment
Nova Formworks’ dedication to excellence has not gone unnoticed. The company received prestigious accolades, including being named the Best in the Scaffolding and Formworks category at the CIA World Awards in 2021. These awards underscore the industry’s acknowledgment of Nova Formworks’ pivotal role in advancing sustainable construction practices.
Global Expansion: Exporting Sustainability
Not content with domestic success, Nova Formworks is now taking its sustainable solutions global. With exports to Africa, the Middle East, and Southeast Asia, the company underscores the global demand for environmentally conscious construction practices.
Vikas Mittal’s journey, as exemplified by Nova Formworks, is a testament to practical innovation. Beyond constructing buildings, they are pioneering a path towards an eco-friendly future. In a construction world increasingly embracing sustainable practices, Nova Formworks stands tall, proving that sustainability is not just a transient trend but a pragmatic and intelligent approach to building for the future.
