The story of Jain Engineers is a testament to the vision and perseverance of its founder, Ashok Danawade. Launched in 1994-1995 with a modest investment and the support of Non-Resident Indian Captain Ranashi, the company began its journey with a clear goal. Ashok, who had moved to a neighboring state at 17 in pursuit of employment, was on the cusp of realizing his engineering dreams.

With a personal investment of Rs. 5 lakh—half from his savings and half from selling his house—and an additional Rs. 8 lakh loan from Chikkodi’s Shantappa Mirji Cooperative Society, Ashok established Jain Engineers in a 700 square feet rented shed. In its first year, the company achieved a turnover of Rs. 7 lakh, which doubled in the following year due to his unwavering commitment to quality and hard work. This set the stage for Jain Engineers’ impressive rise in the engineering sector.

Under Ashok’s leadership, Jain Engineers has grown substantially. From an initial team of five, the company now employs 40 people and generates an annual turnover of Rs. 3 crore. His dedication was recognized when Jain Engineers received the Manufacturing Excellence 2017 Award from the Government of Karnataka, presented by then Industrial Minister R.V. Deshpande. Ashok’s influence also extended beyond his business; he became the president and director of the cooperative bank from which he initially borrowed funds.

In addition to his business success, Ashok is deeply committed to social causes. He serves as a director of the Bharatesh Education Trust in Belagavi, reflecting his dedication to education and community development. Despite his achievements, he remains approachable, maintaining an open-door policy that encourages employees to share their ideas, contributing to the company’s innovation and growth.

Ashok’s professional journey began in Pune, where he worked as a CNC programmer at Khatau Engineering. This role led to a significant opportunity for training in Japan. Upon his return, he joined GG Valves to help establish their engineering unit. Challenges with labor unions prompted his move to General Seal as a Production Manager, marking a significant advancement from his early role as a trainee helper. His contributions have earned him numerous accolades, including the National Award for Best Entrepreneur, Manufacturing Excellence, Best Import Substitution, and Innovative and Creativity awards. He has also been selected by the Government of India to participate in various national and international buyer-seller meetings and conferences.

Ashok Danawade’s journey from a young job seeker to a respected industry leader and community advocate is a powerful story of perseverance and success. Despite financial constraints that limited his academic opportunities, he has built a thriving business and a supportive community. By assisting meritorious students facing similar challenges, he ensures they have the opportunities he once sought. His story continues to inspire aspiring engineers and entrepreneurs across India.

********************