From manufacturing to construction: harnessing the power of digitization
The Wrench story begins in the manufacturing industry in 1994, when ‘Information Technology’ meant CAD, email, Msoffice, Novel network and very little else. In this environment, fresh-from-college mechanical engineers Varghese Daniel and Aju Peter had an idea that they could improve the product design process with a new kind of Information Technology – that did not yet exist – and to build which they started the company that later became Wrench Solutions. Leveraging the principle ‘The whole is greater than the sum of parts’, they built a product that used best practices to standardize processes across every department, and automation to improve efficiency across every process, task, and activity. At the time, this was an unheard-of innovation. After convincing Widia & Mico-Bosch the two German Indian subsidiaries to give it a try, companies like L&T, BHEL, BEL, Flowserve, Xomox followed suit. The Wrench line of manufacturing-related products continues to be sold and implemented under the brand ‘WRENCH-Collab”. In 2005, Wrench recognised a similar situation in the Energy & infrastructure industry, where reliance on manual effort results in almost every project falling prey to delay and cost overrun. Wrench applied the knowledge gained in manufacturing to build a product for the Engineering & construction sector, with a focus on Engineering deliverable management. The first user of this integrated Engineering management system was water treatment major VATECH WABAG (who called it ‘A dream come true’). In the next few years Wrench expanded to the Middle East and Asia and acquired customers like CH2M Habtoor Leighton, Atkins, Simon Carves, Tata Group, ENOC, and TOYO, to name a few. In 2015, Wrench released SmartProject, an end-to-end, integrated, cloud-based system that could be rolled out on the full project cycle of engineering, procurement, and construction. SmartProject is in use on 9000+ Projects across 25 countries. Wrench is currently working with partners in USA, Middle east and China to raise awareness about the advantages of a system-driven work process over a manually-driven one.