Success India Magazine Team
Yaswanth Penumudi, the driving force behind My Nest Interiors & Constructions, embarked on a remarkable journey that began with a childhood fascination for construction. After graduating from the University of Texas at Arlington with a Masters in Construction Management, Yaswanth gained invaluable experience working on a 40-floor high-rise twin towers project in Downtown Dallas. This experience set the stage for his career in the construction industry.
His journey continued as he assumed the role of Project Manager at G.K.Steel, LLC, overseeing over 40 projects. Yaswanth’s dedication and skills were evident, leading to new opportunities. He joined CBRE, an MNC company, as a Project Manager for Commercial & Office Interior Projects. His portfolio included projects for esteemed clients such as Capgemini, Hyundai Mobis, Samsung, and J.P. Morgan Chase.
However, Yaswanth’s true calling was to start his own firm. In December 2019, he took a leap of faith, resigning from his position at CBRE, and founded “My Nest Interiors & Constructions.” The company’s name was chosen by his father, and his mother, a renowned music teacher, actively promoted it among her students. Yaswanth’s wife provided unwavering support as he pursued his dream of entrepreneurship.
Business:
My Nest Interiors & Constructions has its office in Hyderabad’s prime location and successfully executes projects all over India. Their portfolio includes a wide range of projects, from house constructions to interiors, pre-fab structures to apartments, and office interiors to commercial spaces.
Impact on Society: My Nest Interiors & Constructions aims to provide modernized and unique solutions within market pricing. Their ability to make even small projects stand out in their clients’ communities has earned them recognition and admiration. Passersby often inquire about their ongoing projects, bringing not just profits but also immense satisfaction.
Specialization in Architecture & Design: One of their standout achievements is the creation of cost-effective translucent panels. While backlit surfaces typically cost between 2000-5000 INR/Sq.ft., Yaswanth’s company offers similar surfaces with moldings for as low as 500 INR/Sq.ft. This innovation reduces costs and installation timelines significantly.
Unique Selling Proposition (USP): The company’s USP lies in its ability to provide backlit surfaces at remarkably affordable rates, setting them apart from competitors in terms of pricing and quality.
Future Prospects: Yaswanth is focused on securing projects with MNC companies, with discussions already in progress. He is also working on establishing a system that allows the company to operate smoothly in his absence.
Entrepreneurial Drive: Yaswanth’s passion for construction and entrepreneurship was instilled during his childhood when he witnessed the construction of his family’s home. His dream of being an entrepreneur was nurtured during his college years, and with the unwavering support of his family, he turned that dream into reality.
Inspiration and Idol: Yaswanth draws inspiration not from famous figures but from the dedicated workers who drive his projects forward. He recognizes their contribution as the backbone of his success, always placing them in the spotlight.
Challenges and Learnings: The year 2020 posed a significant challenge with the onset of the COVID-19 pandemic. Yaswanth had just started his entrepreneurial journey, leaving behind a promising career in an MNC. The pandemic hit hard, but Yaswanth’s resilience and determination saw him through. He emerged stronger in 2021, ready to face new challenges.
Essentials for Success: Yaswanth’s journey required permission from his parents, the unwavering support of his wife, and a passionate approach to the construction industry.
Identifying Market Opportunities: Recognizing that client satisfaction hinges on both the quality of the output and the price, Yaswanth focused on providing value for money, a strategy that has resonated well in the market.
Unique Traits as an Entrepreneur: Yaswanth’s non-monetary focus and strong convincing skills set him apart. His passion for fulfilling his dream as a company owner translates into dedicated and enthusiastic work.
Memorable Projects: One particularly memorable project was a premium villa in the remote town of Markapuram. This project presented numerous challenges, from sourcing materials from distant locations to a shortage of skilled labor. Despite these obstacles, My Nest Interiors & Constructions delivered an iconic and top-tier house for their client.
Sustainability in Architecture: Yaswanth, an LEED Certified Inspector in the USA, values sustainable and green construction practices. His company has worked on farmhouses with minimal environmental impact and adheres to government guidelines for responsible waste disposal.
Understanding Client Needs: Yaswanth emphasizes the importance of understanding a client’s psychology and requirements. Effective communication regarding designs, color preferences, and ambiance is key to delivering a satisfying outcome.
Learnings from Entrepreneurship: Entrepreneurship has allowed Yaswanth to achieve a balanced work-life ratio. He cherishes the freedom of working for himself and credits entrepreneurship with granting him the private life he deserves.
Advice for Budding Architects & Designers:
Yaswanth’s advice is simple yet profound: believe in your work, explore your creativity, and enjoy the freedom of life as an entrepreneur.
Awards: Yaswanth received a Performance Excellence Award from GK Steel LLC, U.S.A., recognizing his outstanding contributions to the industry.
Yaswanth Penumudi’s journey from a childhood fascination with construction to the successful establishment of My Nest Interiors & Constructions is a testament to his passion, perseverance, and commitment to providing innovative and cost-effective solutions to clients. His dedication to both his work and his team has paved the way for a bright future in the construction and interior design industry.
