NowPurchase revolutionizes metal manufacturing procurement through technology-driven solutions, ensuring cost-effective production inputs. In India’s $140 billion metal market, NowPurchase emerges as a focal point for procurement solutions. Providing real-time pricing, stock transparency, quality assurance, and leveraging a proprietary algorithm to optimize manufacturing processes, NowPurchase addresses the intricacies of the industry’s procurement landscape.. Traditional suppliers often overlook the critical connection between procurement decisions and the underlying manufacturing process, but NowPurchase bridges this gap with a comprehensive approach.
Naman Shah, Founder and CEO of NowPurchase, is a visionary entrepreneur reshaping the $140 billion Metal Manufacturing industry. Armed with a degree from the National University of Singapore and courses at the University of Pennsylvania, he brings global education and experience. Formerly the 3rd employee and Director Asia Pacific at BizEquity, in 2017, Shah founded NowPurchase to revolutionize metal procurement. Backed by Orios & InfoEdge Ventures, NowPurchase aspires to be the preferred partner for 3,000+ metal manufacturers by 2027. Shah, an advocate for Kolkata’s startup narrative, is also engaged in social initiatives, leading YUVA and collaborating with Kolkata Katalysts for health infrastructure improvement. Today, we explore Shah’s innovative strides in Metal Manufacturing and his vision for an empowered work culture.
In a recent discussion with Renewable India, Mr. Naman Shah illuminated NowPurchase’s commitment to sustainability in metal manufacturing. He highlighted the company’s active contribution by effectively utilizing scraps, emphasizing the significant role scraps play in promoting sustainable practices within the industry.. According to Mr. Shah, scraps are phenomenal raw materials that possess endless usability. NowPurchase, he emphasized, focuses on ensuring the availability of this crucial raw material at the right place, right time, and with the correct quality. The company achieves this through a combination of its robust supply chain structure, in-house manufacturing processing capabilities, and the integration of technology.
Mr. Shah detailed the deployment of their proprietary SaaS component, featuring a metal cloud, designed to encourage and promote the use of scraps within the industry. When questioned about the qualities sought in their employees, Mr. Shah highlighted their preference for candidates who demonstrate a willingness to take ownership and handle situations when things deviate from expectations.
Moreover, Mr. Shah shared the company’s commitment to environmental initiatives, such as planting trees in their customer’s factories and advocating for the use of natural alloys over artificial ones. In a noteworthy conclusion, Mr. Shah recounted the positive experiences NowPurchase had working with both SMEs and larger corporations like Titagarh Wagons & Shyam Steel.
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