Why is Tara Patnaik more than a Dean company?
Tara Ranjan Patnaik, President, Falcon Group
Samaritan in times of crisis, Tara Ranjan Patnaik has established herself as one of the rare races of entrepreneurs. At the height of the latest Covid outbreak and as the state was locked down to contain its spread, Patnaik was Odisha’s first business owner to voluntarily contribute to the Chief Minister’s Relief Fund. It is this generosity of the Dean of Odisha Inc that has inspired other business leaders to contribute with a spirit of generosity. An example of reflection that he gave to companies when the State was in the grip of a health crisis! A strong sense of empathy animates her life. He succeeds not only by setting new heights for his business, but by striving to improve the quality of people’s lives.
“The Chief Minister first announced that a fund had been set up for COVID. I gave money so that other industrialists would also come forward to help during the crisis. I just wanted them to fund Odisha. Our work was not limited to funds alone. We even organized meals for many people during the pandemic. We have helped people in every way we can, ”he recalls.
When the Covid 19 began to wreak havoc in the state, he was the first to come out of the blocks and contributed 1 crore rupees to the Chief Minister’s Relief Fund (CMRF) and called on his fellow entrepreneurs to participate with generous contributions to fight the pandemic.
He is an uncompromising businessman. Although a businessman by accident (he comes from a family of lawyers and aspired to be one), he has reached dizzying heights in the marine food industry. That aside, it branched out into the steel and real estate verticals and also rose to prominence there. Patnaik is never the entrepreneur to squat on his laurels. He is ambitious and the energy to move on is always within him. One day, he aspires to touch the billion dollars in turnover. One of the determining factors in achieving this goal is to start operations in the United States, one of the coveted markets for the seafood trade.
“Indian shrimp are exported to different parts of the world. But the United States remains the cheapest. The United States is a country that does not buy chemical products. We plan to do business with Amazon in the United States. We were dealing with American majors like Walmart, Costco and Cisco. But they will get better prices from Amazon because they will be able to get orders online and deliver direct, ”he said.
Besides the commercial ambition of overseas nursing, Patnaik is aware of the domestic operations that he intends to expand. “Our units in Bhubaneswar and Balasore have a total daily production capacity of 250 metric tons. We are investing more in the plant. We spent Rs 30 crore and ordered 7 new machines. We have enough space. Only new machines need to be installed ”.
For someone who has achieved phenomenal success in their chosen field, Tara Ranjan’s first foray into business was an absolute disaster. Developed by his friend and classmate J Rahmat, it entered the trawler business in the mid-1980s, purchasing four trawlers after taking out a loan of Rs 2 lakh from the Odisha State Financial Corporation (OSFC). But with few ideas on how to run the business, her first business failed and Tara Ranjan had to sell her trawlers to pay off the loan.
There is no shortage of Odias who have made it in various fields. But Tara Ranjan belongs to that rare breed who has achieved enviable success in an area where there are very few success stories – and that too without any business background.
Yet Tara Ranjan is much more than a successful businessman. Arrived the hard way, he understands the need for a job in a state like Odisha. Falcon has more than 5,000 employees. He is a philanthropist at heart.