RISA Management Corp. Company Profile

Background

Overview

RISA Management Corp., established in 1994, is a Minority and Women-Owned Business Enterprise (M/W/DBE) specializing in the fabrication and installation of architectural, miscellaneous, and ornamental metals. Serving the New York Metropolitan Area, Long Island, and Upstate New York, RISA has built a reputation for delivering high-quality metal fabrication services.

Mission and Vision

RISA is committed to providing professional, efficient, and cost-effective metal fabrication services, aiming to fill a significant void in the construction industry for competent M/W/DBE-owned companies.

Industry Significance

As a certified M/W/DBE, RISA plays a crucial role in promoting diversity within the construction sector, offering specialized services that meet the needs of various public and private projects.

Key Strategic Focus

Core Objectives

• Deliver high-quality metal fabrication and installation services.

• Maintain and expand relationships with clients in the New York Metropolitan Area and beyond.

• Uphold the standards and certifications associated with M/W/DBE status.

Areas of Specialization

• Fabrication and installation of architectural, miscellaneous, and ornamental metals.

• Working with various materials, including aluminum, carbon steel, and stainless steel.

Key Technologies Utilized

• In-house engineering capabilities for design-build projects.

• Specialized stainless steel metalworks department to prevent contamination from other metals.

Primary Markets Targeted

• Public agencies such as the State of New York, Port Authority of NY & NJ, Metropolitan Transportation Authority, Dormitory Authority of the State of New York, New York City School Construction Authority, and New Jersey Transit.

• Private sector clients requiring specialized metal fabrication services.

Financials and Funding

Revenue

• Estimated annual revenue: $6.6 million.

Funding History

• Total funds raised: $872,000 over two rounds.

Utilization of Capital

• Expansion of manufacturing facilities.

• Investment in specialized equipment and technology.

• Enhancement of workforce capabilities.

Pipeline Development

Key Projects

• Relocation of manufacturing plant from New Lebanon, NY, to Rotterdam Corporate Park in Schenectady County, occupying 21,500 square feet and creating 20 new jobs with plans for 10 additional positions.

Target Conditions

• Enhancing production capacity to meet increasing demand.

• Strengthening relationships with public agencies and private clients.

Timelines for Anticipated Milestones

• Completion of facility relocation and operational commencement in Rotterdam Corporate Park: Achieved.

• Full staffing and operational optimization: Ongoing.

Technological Platform and Innovation

Proprietary Technologies

• In-house engineering for design-build projects, allowing for customized solutions tailored to client needs.

Significant Scientific Methods

• Specialized stainless steel metalworks department designed to prevent cross-contamination, ensuring high-quality outputs.

Leadership Team

Key Executives

• D. Savi Prashad: President and Chief Executive Officer.

• Rishi Prashad: Chief Operations Officer.

• Shafqat Tanweer: General Manager and Chief Financial Officer.

• Shridatt Prashad: Vice President of Operations.

• Amar Prashad: Vice President of Business Development.

• Paul Kelly: Director of Estimating.

Professional Backgrounds and Contributions

• The leadership team brings over 125 years of combined experience in metal fabrication and construction, contributing to RISA's reputation for quality and reliability.

Leadership Changes

• No recent significant changes or appointments within the company's leadership have been reported.

Competitor Profile

Market Insights and Dynamics

• The metal fabrication industry in the New York Metropolitan Area is competitive, with numerous firms offering similar services.

Competitor Analysis

• Divide Welding and Fabrication: 4 employees, $721,000 revenue.

• East Coast Welding: 10 employees, $1.5 million revenue.

• Unique Fabs: 16 employees, $4.3 million revenue.

• Westfield Sheet Metal Works: 14 employees, $4.7 million revenue.

These competitors focus on various aspects of metal fabrication, with RISA distinguishing itself through its M/W/DBE certifications and extensive experience.

Strategic Collaborations and Partnerships

• Certified by multiple agencies, including the State of New York, Port Authority of NY & NJ, Metropolitan Transportation Authority, Dormitory Authority of the State of New York, New York City School Construction Authority, and New Jersey Transit, facilitating partnerships and project opportunities.

Operational Insights

Strategic Considerations

• RISA's M/W/DBE status provides a competitive advantage in securing contracts that require or prefer minority and women-owned business participation.

Market Position

• Positioned as a leading M/W/DBE metal fabrication company in the New York Metropolitan Area, offering specialized services to both public and private sectors.