Success Stories

With 46,000 Rupees And Without Civil Engineering Training, He Established A Construction Company With A Turnover Of 20 Million Rupees

Somanna is literally living her dream these days. “I wanted to do business early. I swapped chewing gum tattoos at school and always dreamed of becoming an entrepreneur, ”he remembers with a laugh.

By contentwriteramisha

With 46,000 Rupees And Without Civil Engineering Training, He Established A Construction Company With A Turnover Of 20 Million Rupees

As a final-year college student, Sarath Somanna secured his first contract in 2013 by approaching a building owner who had halted construction midway. Five years later, he has grown into a skilled builder and interior designer whose company executed projects worth Rs 20 crore last year.

He is now concentrating on turn-key projects instead of just doing contractual work and is all set to turn his company, Blue Oak Construction & Interiors Pvt Ltd, into an all-rounder with an investment of Rs 46,000 in 2014. Was launched in an Indian firm and also has plans. Soon to go global.

“Today's customers do not agree with a single designer, sole contractor, etc. We want to offer them this solution, ”said 27-year-old Somanna. “Because we have contract experience and a great in-house design team, we do the best job. And we don’t pay for the design. "

However, it was not a smooth ride for the son of a military man from the Kodagu area, whose lack of formal training in civil engineering or interior design did not prevent him from winning major projects from residential buildings to commercial structures, corporate offices, and enterprises. industrial.

Before reaching the top of the construction industry in Bangalore, Somanna went through hard times. During the first year of founding his company in 2014. He suffered huge losses of Rs 55 million.

"Although I was very tense, my approach to death never gave me the strength I needed to cope with the challenges and learn at my own pace. I never give up," Somanna says, remembering the initial hurdle.

After founding the company, he embarked on two projects worth $ 16 million. "Getting projects was easy," he recalls. "But since I'm not from a business family, I lacked mentors and advice. I made a lot of mistakes. I followed the same strategy I used in my first project, but then I realized it didn't help other projects."

The first project came to him when he was studying for a BBA at the M S Ramaiah Institute of Technology in Bangalore. “One day when I got back from university, I encountered a half-finished apartment building and wondered why it had stopped.” The next day, I turned to the building owner so I could speed up the work. 

Somanna took a 51-year-old experienced civil engineer with him and said he would hire him after receiving the project. This tactic was successful and he received his first draft.

The Weekend Leader - Success story of Sharath Somanna, founder, Oak  Constructions & Interiors Pvt Ltd, Bengaluru

"The owner gave us 4 million. We got 1.1 million. We completed the Litas project and the 46,000-square-foot building in one year," he said. But another project ran into trouble. "It was a big project, but we lacked leaders to support those developers who did not pay us on time. In the first year, the company lost $ 55 million.



But there is a tough fighter, Semana went ahead. "It was a good learning experience and I enjoyed it," he says.

He rebuilt his team by hiring good talent and coordinating the business model. "Although I experienced a lot of stress, it gave me more motivation and energy to work harder. Despite the casualties, no one disappointed me. I saw a lot of scams, the engineers killed me. But I never gave up. "I did not and I will never give up."

"When I could not pay my employees on time, I decided I had to work hard to always have a five-year margin on my employees. Today I can proudly say that I have reached this standard."

Somanna was only 22 years old when she learned to manage her finances and staff.

But how did you overcome your loss? "Because my parents came from a middle class, they couldn't support me with money, but they offered me the emotional and moral support I desperately needed. I looked for opportunities and made up for the losses. Made some good plans. My later ", he shares.

Blue Oak, which has run several successful projects since 2016, has never raised external funding. His plans include 200 floors covering an area of ​​3.5 million square meters, high-quality residential buildings, luxury corporate offices, and industrial projects in Mysore. Now he hopes to complete a tourism project in Goa this year.

"Since the beginning of this year, we have been focusing on design-build solutions, where we will carry out the entire project, from the concept of structural design to the interior and completion," he shares his vision for the future.

Blue Oak, which started with 11 employees on the board and 60 people in the country and now has 18 employees and about 150 people working on the site, to the best of their ability as experienced people. known as. From JLL, Cushman & Wakefield, and some US companies.

Ask him out well if he is no longer absorbed in the connection. It is always better to surround yourself with intelligent people. "

Sommana was born and raised in Madikari, Kodagu District, where she studied until the sixth grade. He then moved to Bangalore and studied at St. Joseph's Indian High School. After her parents moved to Bangalore, Sharat started living with them.

His father Ganesh Appaiah is retired and his mother Seethamma Ganesh is a stay-at-home mom. Following in the footsteps of her father, who was a hockey player, Somanna also played national soccer in Karnataka during her student days. Nowadays, he plays golf when the weather allows.

The Weekend Leader - Success story of Sharath Somanna, founder, Oak  Constructions & Interiors Pvt Ltd, Bengaluru

He has incorporated the athlete's discipline into personal and professional life. It's open from 10 a.m. and 10 a.m. And do 40 minutes of religious meditation each morning before the start of the day. She is also a dog lover. "My two gold riders and the rooster spaniel are the ones who give me the emphasis," he adds.

An annoying question arises. What is the meaning of Blue Oak? "Blue means transparency. Oak is a powerful wood used in construction. And Today is our logo. So we promise to give you a clear and truly powerful building that I think the construction industry does not have.

That he also means what he says is evident from this meeting the author had with him in a large two-storey hall in the beautiful district of Bengaluru. The interior of the house is decorated with blue oak.

When Somanna takes a closer look at the work, she can explain the small details of the processing that takes place there. He decided to keep some of the old wood carvings while making beautiful renovations to the kitchen and bathrooms to suit the taste of the owner.

“I never had the heart to change the wooden door of the pooja room with such detailed work. Although we got a carte blanket to renovate the whole house, I convinced the owner to keep some antique elements to get the most out of the traditional and modern mix, ”he explained.

Somanna is literally living her dream these days. “I wanted to do business early. I swapped chewing gum tattoos at school and always dreamed of becoming an entrepreneur, ”he remembers with a laugh.

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