Rajasthan’s Entrepreneur Mr. Gaurav Rungta Honored with Asia Pacific Enterprise Award (APEA) 2024

Jaipur | Aug 31, 2024: Mr. Gaurav Rungta, Managing Director of Man Structurals Pvt. Ltd. (MSPL), is honored with the prestigious Asia Pacific Enterprise Award (APEA) 2024 in as an Entrepreneur of the Year in the Power Sector. The award ceremony took place on August 30, 2024, in Bangkok, Thailand.

Mr. Gaurav Rungta, MD of Man Structurals, expressed his gratitude, stating, “I am deeply honored to receive the APEA 2024 Entrepreneur of the Year award. This achievement is a testament to the hard work and dedication of the entire MSPL team. We have always strived to expand our horizons, and being recognized on such a prestigious platform reinforces our commitment to excellence and innovation. Our vision is powering a billion dreams, and this award motivates us to continue pushing boundaries and contributing to the sustainable development of not just our company but also the broader industry.”

The Asia Pacific Enterprise Awards (APEA) is recognized as the most esteemed regional award program that celebrates entrepreneurial excellence. Building on its success across 16 countries and markets, the APEA Regional Edition brings together business leaders and enterprises that have demonstrated exceptional performance across Asia. The awards aim to foster sustainable entrepreneurial growth within Asian economies.

This year, many Indian entrepreneurs filed nominations for the APEA, but it was Mr. Rungta’s significant contributions as the leader of MSPL across 10 countries that garnered the recognition of the APEA judging panel. His outstanding leadership and international impact set him apart in a highly competitive field.

The selection process for the APEA is rigorous, involving an in-depth search and evaluation process. Enterprise Asia, the organization behind APEA, conducts primary, secondary, and tertiary research across more than 120,000 companies spanning 24 major industries in 32 countries. This extensive process ensures that only the most deserving individuals and companies are recognized for their best practices, growth patterns, and commitment to responsible business ethics.

Mr. Gaurav Rungta, as the Managing Director of MSPL, based in Jaipur, Rajasthan, has led the company to unprecedented heights. MSPL, among India’s top companies with a legacy of 64 years, specializes in the design, fabrication, EPC, and supply of transmission line towers, substation/switchyard structures, and solar module mounting structures for megawatt projects. The company also provides fabricated and galvanized steel structures for OHE & TSS in railway electrification.

Under Mr. Rungta’s visionary leadership, MSPL has ventured into new verticals, including windmill towers, solar structures, and EPC operations, significantly contributing to India’s national goal of achieving sustainable energy by 2030. His commitment to green energy is reflected in the implementation of a rooftop solar project at MSPL, meeting 30% of the company’s daytime power needs.

MSPL, known for its quality and excellence, holds ISO 9001:2016, 14001:2016, and 45001:2016 certifications. In 2023, MSPL established India’s most advanced galvanizing plant, Protherm, imported from the U.K. This state-of-the-art facility boasts cutting-edge technology, high efficiency, and superior quality, with a fabrication and galvanizing capacity of 80,000 MT per annum.

This award not only highlights Mr. Rungta’s entrepreneurial spirit but also showcases the growing prominence of Indian enterprises on the global stage.