Leaders
Deepti Suchak: Redefining Women's Leadership In Diverse Industries
Deepti Suchak
MD
Real Estate and Property Development in India have witnessed remarkable growth and transformation in recent years. This sector plays a pivotal role in the country's economic development, offering diverse opportunities in residential, commercial, and industrial real estate. One such visionary leader in this landscape is Deepti Suchak, the Managing Director of Magus Group. Deepti Suchak has made a significant impact in this sector through her multifaceted journey. Her entrepreneurial spirit first led her to establish a series of computer education centers in 1996, a pioneering move that addressed the growing need for technical skills. Transitioning into infrastructure consulting and Development, Deepti Suchak spearheaded the Magus Group foray into logistics and warehousing, where she orchestrated strategic operations, right-sizing initiatives, budgeting, and cost optimization, ultimately driving exponential growth in the business and firmly establishing Magus Group as a leader in the industry. Her leadership cultivated a conducive work culture that empowered professionals to thrive, fostering responsibility, efficiency, and result-oriented performance.
Deepti Suchak's most remarkable recent achievement has been her role in developing India's largest garment manufacturing cluster, the Asmeeta Texpa, housing more than 400 enterprises, 940 operational Galas, Factory and Office Units, employing 22,000 individuals, and producing 19 crore garments annually. The ongoing second phase of this project is set to accommodate 650 more enterprises and 2098 units, will employ additional 28,000 people, and manufacture an impressive 26 crore garments, contributing significantly to the nation's industrial growth.
In addition to industrial development, Deepti Suchak's commitment to addressing the need for residential apartments with an integrated township in the suburbs of Mumbai. Her dedication to fulfilling basic housing necessities demonstrates her social consciousness and commitment to the community. Deepti Suchak has left an indelible mark on the real estate and property development sector in India. Discover more insights below.
Take us through your academic journey. Share some early life influences that shaped your career.
Emerging from a modest village with limited resources, my father's unwavering support and emphasis on education ignited a relentless pursuit of excellence within me. Despite being educated by teachers with limited means, I channeled my curiosity through unconventional avenues like BBC radio, which expanded my horizons beyond constraints. My father's practice of preserving newspaper clippings and magazines played a crucial role in enhancing my knowledge.
During my formative years, I found solace in observing my father's business operations, unknowingly sowing the seeds of my current entrepreneurial journey. While my initial aspiration was to become an IAS officer, interactions with seasoned professionals redirected my focus. This led me to pursue a dual bachelor's degree in English literature and psychology, followed by a master's in English literature.
Prior to venturing into the realm of computer education, I honed the requisite skills to match the demands of the rapidly evolving industry. The pivotal juncture of my career in computer education propelled me to explore education leadership further, prompting enrollment in a Leadership program at the University of London. This decision was driven by a desire to establish a chain of schools that foster a relaxed atmosphere, nurturing children's creativity and unveiling their innate potential.
As I delved deeper into the educational landscape, my passion for business growth became increasingly apparent. This led me to undertake an MBA program at NMIMS, Mumbai, amplifying my abilities to steer my enterprises with strategic insight and astute leadership.
Tell us about your past industry exposure that enriches your leadership today.
In every endeavor I've undertaken, my unwavering passion and relentless dedication have propelled us to success, solidifying our role as change agents. My philosophy centers around achieving desired outcomes through unwavering focus, steadfast commitment, diligent effort, and boundless enthusiasm. My trajectory, characterized by a goal-driven orientation and an unwavering eye on the final objective, has propelled me to remarkable heights while fostering a culture of progressiveness.
My belief in embracing disruptive and paradigmshifting concepts is complemented by my innate ability to identify and cultivate groundbreaking ideas. Throughout my diverse business ventures, each characterized by unique propositions, I've reshaped industries. My dedication to perpetual learning invigorates me to explore not just within my core domain, but also across new prospects for business expansion.
My success is underpinned by a proactive approach that identifies opportunities even within challenges. This constructive mindset has catalyzed vertical and horizontal growth and diversification into new sectors.
Tell us about your role as the MD of Magus Group. What strategies drive the company's expansion under your guidance?
With my strong skills in managing various aspects and understanding customer preferences, I excel in shaping distinct brands and their identities. I'm also engaged in developing new product lines tailored to customer requirements. Over three decades of diverse experience, my husband and I collaboratively lead the charge in expanding our enterprises, harmonizing like puzzle pieces to complement each other's strengths.
Growth, in my view, also entails a crucial dedication to the empowerment of all individuals. A profound belief underscores our ethos: the empowerment of women fuels both individual progress and organizational advancement. In my capacity as Director, I rigorously advocate equal opportunities for women in realms like job placements, advancements, skill development, and training. The landscape of our work is adapted to accommodate the multifaceted responsibilities of women, encompassing work-fromhome options, flexible schedules, and hybrid work models, acknowledging their caregiving and other commitments.
Deepti's foray into industrial & infrastructure consulting & development showcased her commitment to continuous learning, evolving & growing
An environment of leadership and mentorship serves as a catalyst for both women and men to ascend to influential roles. We exalt accomplishments through accolades and promotions, thereby nurturing a culture of celebration. Periodic feedback loops and mentoring sessions I offer facilitate the discovery of strengths and growth zones. Through an ecosystem fostering inclusivity, esteem, and empowerment, we harness the potential of a diverse workforce, enriching innovation, productivity, and holistic triumph.
What, in your view, are some of the most significant obstacles you face as a business leader in today's corporate landscape? What strategies do you employ to surmount these challenges?
A major contemporary challenge is identifying individuals with the right skills and a strong commitment to their work. We focus on fostering talent within our organization and keep a close watch on those who exhibit potential for growth and success. Since the pandemic, the work environment has undergone a transformation. People are no longer merely seeking jobs; they are searching for a workplace culture that aligns with their values. Their demands go beyond financial compensation and encompass non-monetary benefits like flexible schedules, equal opportunities for advancement, a focus on mental well-being, and a healthy work-life balance. For over a decade, we have recognized this mindset and cultivated a corporate culture where everyone can thrive, with access to flexible working hours, enabling employees to excel professionally while enjoying a fulfilling personal life. This has made our organization the preferred choice for many.
"An environment of leadership & mentorship serves as a catalyst for both women & men to ascend to influential roles"
Another challenge we face is the crowded business landscape, where standing out among competitors is paramount. It is my responsibility to ensure that our businesses distinguish themselves in the marketplace and attract customers through our unique offerings, which help them their unidentified needs and help them grow while making their businesses future-proof. The inherent unpredictability of external business factors and market volatility creates an atmosphere of uncertainty within the business landscape. My consistent focus is on proactively generating creative concepts, crafting outstanding products and services, and laying out a thorough go-to-market plan to effectively achieve my business goals in the face of sudden market shifts.
Share your three most significant professional accomplishments.
Foremost, steering the computer education enterprise to become one of the nation's top five institutions stands as a pinnacle of achievement. This monumental feat underscores my resolute commitment to elevating educational standards and the indomitable spirit that propelled the institute's ascendancy. The second milestone rests in my instrumental role in reshaping and revitalizing the consulting, warehousing, and industrial sectors and turning them into profitable units. Third, my mark is indelibly etched upon the creation of multiple brands and shaping them, and giving them the best limelight.
What principles guide your leadership success?
Never have a full stop in life. Beyond a dot or dotted line lies boundless opportunity. Motivating teams, agencies, vendors, and consultants—both internal and external— fuels extraordinary achievements and helps them outperform. Fostering drive and motivation propels individuals to elevate benchmarks, shatter limitations, and establish novel standards. Though it might sound trite, my journey epitomizes the truth of daring to dream big—from a village upbringing amidst farmers to steering multiple thriving businesses today.
What strategic path have you charted for the growth phase of the Magus Group and Megasoft Groups? What does the future hold for the company in your vision?
Having witnessed substantial triumphs in education, warehousing, industrial, and residential sectors, my next venture involves realizing a long-held aspiration: launching my own women's fashion brand. This dream has been incubating for the past six to seven years. Drawing from my experience in successfully managing technical education, consultancy, industrial, and warehousing enterprises, I'm poised to embark on an e-commerce startup journey.
Amid the plethora of e-commerce brands, the challenge lies in offering customers garments that combine enduring style with comfort, a task I'm wellprepared for. Through this new endeavor, I aim to carve a distinctive niche in the market, leveraging my multifaceted expertise gained from diverse business realms.
Magus will focus on multiple concepts for commissioning projects spanning across 7 sectors and 65 categories encompassing the entire development of infrastructure and spaces for manufacturing and industrial, logistics and warehousing, residential townships, smart cities, amusement and leisure parks, and agriculture sector making it the most diverse and sought after brand.
Deepti Suchak, MD, Magus Group
Deepti Suchak Is The Md Of Magus Group & Megasoft Group. She Has Revolutionized Education By Founding Computer Centers That Trained 1,00,000+ Students, Then Later Ventured Into Logistics, Industrial, Consulting, And Development, And Now Pioneers An Online Fashion Brand.