MTD Walkers invites MTI to strategise future direction
View(s):MTD Walkers PLC has invited MTI Consultants to devise a strategic planning exercise to take the Colombo-based infrastructure company to greater heights in line with Sri Lanka’s economic development path.
Jehan Amaratunga, Deputy Chairman MTD Walkers (2nd from right) with Hilmy Cader, MTI's Bahrain-based CEO (3rd from right)- with the MTD Walker and MTI project teams.
This strategic planning exercise which is based on MTI’s 8SR Strategising Model, was presented by MTI’s Bahrain-based CEO Hilmy Cader to the Senior Management of MTD Walkers PLC during the strategic planning session held in Colombo recently.
“MTI’s 8SR Model is a robust framework that has been used in over 25 countries, across diverse industries. This framework starts with identifying the Scope of the business, Scanning the operating environment, setting the Sights for the business and formulating strategies that extends to Systems, Structure, Social responsibility and Staff,” Mr. Cader said, in comments released by MTI to the media.
MTD Walkers PLC with its subsidiary companies, CML-MTD Construction, Northern Power Company, Walkers Piling and Walker Sons and Co. Engineers is engaged in multidisciplinary infrastructure activities locally and overseas.
The company’s high growth operations include large scale civil, mechanical and electrical engineering work, pile construction, power generation, manufacture of machinery for the plantations industry and building services.
The MTI release said the company closed its 2014 financial year by quadrupling its revenue with a Compounded Annual Growth Rate (CAGR) of 40 per cent since 2010, up 413 per cent in absolute growth over the last five years. MTD Walkers also reached the milestone of Rs.10 billion revenue for the year ending March 31st 2014 and is projecting to maintain this revenue growth rate.
Speaking at the strategic planning session, Group Executive Deputy Chairman of MTD Walkers PLC, Jehan Amaratunga said, “The economic growth and increase in investments will continue to drive the construction sector as a whole.
The sustained investment in large infrastructure projects will continue to drive revenue growth for us and we expect to leverage on our strength as the only infrastructure developer able to perform the entire spectrum of infrastructure development activities to continue beating the industry growth numbers”.
He said the group has ambitious growth plans, and to realise these plans, need to operate with a holistic view of projects and align the organisation to maximise the profit conversion of this spectacular revenue growth. “The creation of shareholder wealth through this programme and other initiatives already underway will reflect on our share price over the next few quarters,” he added.
MTI Consulting is an international management consultancy, with operations across Asia and the Middle East and networked across the America, Africa and Europe.