Dr.Parmeet Singh Chadha, a Delhi based Sikh Businessman turned Entrepreneur and Investor, is C.E.O of World Exports (India), a Tiger Group Company engaged, for the last 25 years, in the export of automotive spare parts. He is a well-known business motivator and leader, a mentor, and a philanthropist.
Latterly, he has been working for the community and helping with the growth of the national economy. A socialite, he is humbled to hold eminent positions across various social and political forums.
Q: Please tell us a bit about your professional journey as well as the story behind World Sikh Chamber of Commerce and your role with it?
WSCC is a worldwide non-profit Sikh networking platform comprised of Sikh businessmen, professionals, entrepreneurs, and start-ups. We are working on the virtues of Sikhism i.e. Sarbat da Bhalla and working for the community overall.
Our main motive is to build a professional and accountable platform enabling the community to network and do business or motivate each other for overall growth and success. I believe Sikhs are key players in the building of the national & international economy. Being in WSCC, they would also like to contribute a role in the same manner.
Watch : Dr Parmeet Singh Chadha
Q: What has been your motivation behind actively contributing to the economic upliftment of the Sikh community?
I have been strongly inclined towards the Sikh ethos, and core Sikh values since childhood. I am actively associated with several causes in various capacities. My vision for the future is to unite all Sikhs worldwide.
Q: How has the auto market crisis created by Covid-19 impacted the operations and business at World Exports (India)? What challenges did you face and how did you overcome them?
The effects of COVID have been twofold. Firstly, they have been external, with restrictions on travel, the awaiting of samples, the withholding of payments, cancellations as buyers look at labour chaos in India, and China selling products at lower prices due to reduced demand and lower prices of crude oil. Besides that, there have also been internal factors: labour issues in factories and offices, fixed electricity charges, bank interest on ODS and loans, issues with staff retention, extremely limited cash flow, payments not coming as the dollar fluctuates, a shortage of bank staff and a lack of enthusiasm about working, a payment and capital shortage due to GST, interstate transport problems, high transport costs due to diesel cess (a truck from Delhi to Tkd cost around 7000 now costs 11000). Compounding all this, there is a lack of labour at ports, a delay in goods being loaded and unloaded, and the reality that government departments are not fully functional, so any refunds or tax matters are being held up and delayed.
Q: What is your vision and future objectives with the World Sikh Chamber of Commerce?
My instincts and business acumen remain undimmed by the present crisis. I have always had a particular fascination with various international networking platforms which urged me to take this up as the vision and mission of my life. I am working as passionately as ever to accomplish this vision. Today, I believe I’m living the dream, working relentlessly towards building a strictly professional Sikh Networking Platform called World Sikh Chamber of Commerce, which I envisage serving the community and country at large. This platform will be beneficial for the present and most significantly for future Sikh generations.
Q: Finally, what is your advice to peers and budding entrepreneurs on how to handle multiple ventures and achieve success in the long-term?
My advice to peers and budding entrepreneurs would be to work hard, think big, start small and persevere in spite of all the challenges that will inevitably come your way. Learn from your mistakes, set a goal and make it happen. Every business has a boom-time of 10 Years. Look for it and make it happen. Keep learning new skills and challenge yourself daily.