Vikash Dhanuka
Maritime Studies & Business (area Special: Msb)
School of Civil & Environmental Engineering
Summary
Vikash Dhanuka is an entrepreneur, global visionary and innovator with more than two decades of experience responsible for the inception and running of companies within the energy, fintech, cleantech, edtech and telecommunications industries, producing over half a billion dollars in revenue per annum. “Relationship Management, be it Personal or Professional should be governed by Sound Principles and Integrity”. (Vikash Dhanuka – 2006)
Featured Skills
Work Experience
CEO Oct 2012 - Present
Sing Fuels Pte Ltd SingaporeSing Fuels was conceptualized and founded by Vikash in 2012 (www.singfuels.com). Focusing exclusively on bunker trading, Sing Fuels has evolved from being a broker to a Global Energy Trading Company with its representative offices and subsidiaries in UK, UAE, Greece, South Africa, Turkey and US.
With revenues reaching US$471 in Financial Year 2021, and under Vikash’s leadership, Sing Fuels is recognized as one of the notable Bunker Trader Globally.
Besides strengthening Sing Fuel’s core business in bunker trading, Vikash also recognized the need to diversify into other areas of the oil industry. Sing Fuels ventured into cargo trading in 2019, facilitating the movement of physical oil cargo from one location to another. The company has set up a six-member cargo trading department to tap into Fuel Oil Base Oil opportunity. This strategic move is also enabling Sing Fuels to tap into the synergies between cargo trading and its existing bunker trading business. Currently the company is exploring launch of new trading desks for Carbon, Liquefied Petroleum Gas (LPG), Liquefied Natural Gas (LNG), Bitumen. Naphtha Lubricants.
Over the years, Vikash has built up a strong international trading team comprising 17 different nationalities, with the cumulative ability to deal in 42 different languages. Beyond Sing Fuel’s vast diversity in human capital, it has also continuously developed its offerings, capabilities and reach, all the while adding on to the decades of industry experience that its seasoned employees already possess. As testament to the quality of its business and the proficiency of its team, Sing Fuels has clinched numerous awards and accolades, attaining a first-rate reputation over the years. Amongst its achievements include its recognition as a Top 500 High-Growth Company in Asia Pacific (2021) and its reception of the prestigious Enterprise 50 award for four consecutive years (2018 to 2021).
With a successful business strategy in place, Sing Fuels is in a stronger position than ever and is gearing itself towards some exciting initiatives:
Carbon Trading and Alternative Fuels
The shipping industry broadly acknowledges the need to reduce emissions. With IMO setting ambitious targets to reduce emissions from international shipping by 2050, Sing Fuels is all set to step up a gear in its efforts to reduce emissions.
Sing Fuels attractive clientele portfolio has encouraged the company to take a step further to green energy as an alternative fuel initiative. The company is set to invest in research and development and setting up a desk for Alternative Fuels and decarbonization. By launching these future fuels desk, Sing Fuels is enabling clients to achieve net-Zero emissions from their marine fuels.
Sing Fuels aims to expand the company’s presence in the bunker trading industry by supplying to other classes of consumers, as well as other types of fuels, such as liquefied natural gas (LNG) and liquefied petroleum gas (LPG).
CEO Mar 2010 - Present
Vida Technologies Pte Ltd SingaporeBefore setting up Vida Technologies in March 2010, Vikash was instrumental in setting up Delta Network Pte Ltd, a Singapore based telecom company specializing in providing solutions for network operators / distributors worldwide – which had its inception in the year 2002, a cause that he pioneered, managed, and grew to achieve sizable group revenues and a highly successful resultant JV with Haier Telecom (US$ 17 Billion Enterprise). The company revenues increased to over SGD100m in 6 years.
As a Founder of Vida Technologies (www.vidatele.com), Vikash was responsible for setting up and managing the telecom trading business. Today, VIDA has its namesake brand and has grown to be a specialist in manufacturing and marketing telecom equipment. A strong partnership with major telecom operators in Africa (Airtel / Vodafone / MTN / Tigo / Telma / Econet and many more) has ensured it to be the vendor of choice for their mobile data device needs.
Vida Technologies is also an active investor in United Wireless (Pty) Ltd, which is the exclusive distributor and implementer of the Tarana Wireless (www.taranawireless.com) for the African continent. Tarana Wireless is a Silicon Valley based cutting-edge innovator that has created and developed solutions that delivers gigabit-class speeds over non-line-of sight connections at long range, and in unlicensed spectrum, that are immune to interference and changes in the scene, enabling truly unrivaled network economics at massive scale. The mobile data infrastructure business is expected to boom in Africa with this partnership, Vida is in the right position to keep it fast-track growth.
Education
Business Admin Masters (Business Administration) Aug 2008
National University of Singapore SingaporeAn MBA graduate from National University of Singapore (2008), Vikash also has a Bachelor of Commerce degree (Hons) from St. Xavier’s College, Calcutta (India),
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