"Coming together is a beginning; keeping together is progress; working together is success." And that's exactly how it has been for two innovative leaders of the Falcon group who have transformed their vision into reality. What began as a modest seafood export company in 1986 under the guidance of these two prominent figures, has now been transformed into the biggest privately held diversified conglomerate in Odisha.
The journey of the Falcon group began with Falcon Marine Exports Ltd. and today it includes 4 other companies namely Falcon Finance Ltd., Falcon Real Estate (P) Ltd., Patnaik Steels & Alloys Ltd. and K. R. Enterprises under its umbrella. The group is headed by Mr. Tara Ranjan Patnaik, Chairman and Mr. Prava Ranjan Patnaik, Managing Director, who together have been responsible for the phenomenal growth and success of the company. The Falcon Group is a 100% family held entity, with transparency and corporate excellence being its two most distinctive characteristics.
The company started with a turnover of INR 3.42 crores in the first year and gradually reached a turnover of INR 1200 crores in 2016-17 with an average annual growth rate of 15%. The Falcon group now aims to touch a turnover of INR 2000 crores by 2020. With two leaders at the top planning the growth path, the group is on its way to discovering new horizons and seeking excellence in all that it envisages.
Patnaik Steels & Alloys Ltd. – This steel complex is located at Purunapani, near Nayagarh, in the Keonjhar district of Odisha. It has a captive power plant; power from this plant is utilised to produce high quality steel billets of various dimensions. Website: www.patnaiksteel.com
Falcon Real Estate (P) Ltd. – Formed to address the growing need of discerning and well-travelled buyers for homes and offices, adhering to international designs and stacked with the most modern amenities, Falcon plans to deliver 75 lakh square feet of residential and commercial spaces at the most endearing locations of Odisha. Website: falconrealestate.in
Padmanava College of Engineering – Located in the steel city of Rourkela, this institute prepares students to meet the evolving needs of various industries across the globe. Website: pcerkl.ac.in