More than just construction entity
When Paramount Holdings Limited (PHL) was voted Most Reliable Construction company at the recent 105th National Product Magazine Top Manufacturer, Supply, Business and Good Smaritan Awards in Lilongwe, it was more than just an accolade.
It was the fulfilment of its mission of providing world class infrastructure in the country.
PHL managing director Prakash Ghedia did not hide his excitement and said the award enhances their reputation and demonstrated their commitment to quality and excellence in the construction industry.
“We are extremely proud of this achievement. If feels great to be recognised as a leader in construction, contributing to our country’s economy by delivering quality products,” he said in an interview on Wednesday.
Ghedia also observed that through the recognition, PHL’s credibility with clients has strengthened, potentially leading to new business opportunities.
“It also boosts team morale, motivating our employees to continue delivering outstanding projects,” he added.
And 15 years after its inception, PHL seems to be living another of its mission; to achieve their objectives in an environment of fairness and courtesy to clients, employees, vendors and society.
It was incorporated as a liability company in December 2009 under the Companied Act on 1984.
It is a group of companies under the slogan ‘Building the nation to supreme Heights’.
“This is evident through our prestige history of completed projects in all divisions all across Malawi. We provide equality product at the most economical cost,” said Ghedia.
According to the managing director, its core business in construction, supply chain, fertilisers, commodities, trading of construction materials, equipment and machinery; hiring our construction machineries and equipment; automobiles, farming mechanism equipment and supply of agro-processing machinery.
Its goal is to promote industrial, commercial and residential construction, water irrigation schemes, educational institutions building, non-governmental and government construction projects and architectural design.
Some of their irrigations achievements include Lweya Irrigation scheme in Nkhata Bay, Manthimbe Irrigation Scheme in Thyolo, Ukanga Irrigation Scheme in Karonga and Likhubula Irrigation Scheme in Chikwawa.
It has constructed market depot in Lilongwe, Soche Technical College, Chancellor College and commercial warehouses.
The company is legally registered with the Malawi Investment Promotion Agency, National Construction Industry Council as a Civil Engineering and Building Contractor in the category of Unlimited and as Electrical Contractor in the category of K500M.
Furthermore, the company is also registered with Malawi Energy Regulatory Authority in Class B Category.
“As you know, manpower is crucial in the construction industry, we employ about 300 people.
“This award is, therefore, dedicated to our team members who are working on the ground. Their hard work and dedication are the foundation of our success and we are grateful for their invaluable contributions,” added Ghedia.
Minister of Trade and Industry Sostein Gwengwe said government recognises efforts by National Product Magazine with the awards becoming bigger and better every year, evolving from a Malawi event to a Southern African Development Community.
He proposed President Lazarus Chakwera as the ideal guest of honour to such an event because he has a passion and champion for industrilisation.
Gwengwe said government will continue supporting the magazine’s initiative.
The National Product Magazine Awards Top Manufacturer Awards started in 2018 to date, targeting different sectors.
In 2022, the awards launched the 80th edition of the magazine.
They were followed by the 90th, 95th, 100th in 2023 and the launch of 105th awards for 2024 mid-year awards.
The Business in-Deals Magazine on May 3 2024 also named PHL Best Malawi’s Yamaha products importer and seller.
