Shrao Engineering | SCES

Position: Entrepreneur in Residence (Thermal Systems) Location: Bhopal, Madhya Pradesh (with travel to client sites and partner facilities) Duration: 18 months (Full-time, with potential for long-term equity participation) Company: Shrao Engineering — a growing heavy fabrication company expanding into design and manufacturing of industrial heat exchangers and thermal systems. About the Role We are seeking a technically strong, entrepreneurial, and curious individual to lead the development of our new industrial heat exchanger and thermal systems vertical. As the Entrepreneur in Residence (EIR), you will work directly with the company leadership to drive product design, manufacturing, and commercialization. This is a hands-on role blending technical R&D, product development, and business strategy . Key Responsibilities Research, design, and support development of industrial heat exchangers and related equipment. Implement end-to-end design processes including thermal and mechanical design, materials, and fabrication. Support testing, prototyping, and documentation for new product lines. Conduct market and technical studies for HVAC, process, and industrial applications. Interact with suppliers, fabricators, and customers to support early projects. Contribute to business planning and commercialization strategies for the new vertical. Travel as needed to plants, clients, and vendors across India. Desired Candidate Profile B.Tech/M.Tech in Mechanical, Thermal, or Chemical Engineering from IIT, NIT, BITS, or equivalent. 1–5 years of experience in product design, R&D, or process engineering (HVAC, pressure vessels, heat exchangers). Proficiency with design/simulation tools (ANSYS, SolidWorks, HTRI, or similar). Strong communication skills, analytical ability, and hands-on problem-solving approach. Entrepreneurial mindset — comfortable working in an evolving, growth-oriented environment. Willingness to travel and take ownership of end-to-end projects. What We Offer Opportunity to build and lead a new line of business in a growing industrial company. Mentorship from experienced industry professionals. Exposure to the complete product lifecycle — from concept to commercialization. A performance-based path to equity/ESOP participation after the initial period. Offer & Compensation Structure Phase 1 – Fixed Period (First 18 months) Compensation: As per market standard and depending on experience and skills. Performance Incentives: Up to 10% of annual CTC as a performance-linked bonus, based on milestones such as: Development of first working prototype Completion of 2–3 customer trials of newly developed products Contribution to a confirmed commercial order or new client Benefits: As per company policy (travel reimbursement, project expenses, etc.). Phase 2 – Performance-Based Equity / ESOP Eligible after 18 months and achievement of agreed milestones. Quantum: Typically, 0.5% – 2%, based on performance and role at grant. Vesting: 3–4 years with a standard 1-year cliff. Conditional upon continued involvement and contribution to business growth. Performance Review Framework Quarterly review with leadership. Mid-term review at 9 months to assess progress and alignment. Final review at 18 months to determine ESOP eligibility and leadership role in the vertical. Growth Path 0–6 months: Product learning, design familiarization, and R&D contribution. 6–12 months: Independent handling of design or client projects. 12–18 months: Prototype/product rollout and business development involvement. Post 18 months: Leadership or co-founder-type role in the heat exchanger division with equity participation.