Transforming Waste Management With Vik Bansal

A few years back, Australia’s biggest waste management firm faced unsatisfied investors and struggled to recover from a debt of about $2.1 billion. Cleanaway lacked a cohesive strategy and strong leadership and failed to prepare for changes to the waste management landscape. Currently, it has grown more than 120 places on the market index of ASX and increased market capitalization from below $1 billion to more than $5 billion.

Vik Bansal InfraBuild, the Managing Director and CEO of Cleanaway, was behind the transformation and announced transitioning from the role in June 2021. Fund managers have credited Vik with the success of the company.

Vik knew that the world required to change how they saw its waste, so instead of making small changes to the company, Vik Bansal created a foundation on which the company and country would be able to build hence shifting how waste is seen from a problem that needs to be dealt with to a resource that brings value.

Vik accepted the position at Cleanaway despite the company struggling and having a high turn-over in management because of the people that worked there. His motto during the transition was to take the firm from good to great. Vik is the CEO of the steel recycling and manufacturing company InfraBuild.

Vik is known for pursuing great challenges in his career and is recognized for how he can drive growth. Mr. Bansal was born and brought up in Karnal, India. He pursued a bachelor’s degree in electrical engineering that earned him Honors.

Vik also has a postgraduate diploma in computer since and an MBA. He worked as a process animator in Alstrom and later made a shift in his career by applying to be a project manager at the same organization. It was a huge risk since the product had not been tested in the markets yet; however, in three and a half years, he made it the most profitable product in the firm. This led to him heading the product position and strategic marketing for the Australian market. Refer to this page for more information.


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