Coffee Break: Priyashu (Peter) Agrawal, CEO of LED Phantom Distribution Inc., Addison
Q: Describe your company.
A: We specialize in distributing superior quality commercial LED lighting at affordable prices. (I consider ourselves the "Aldi" of electrical industry.)
Q: Do you plan to hire any additional staff or make any significant capital investments in your company in the next year?
A: Yes, we brought in a president and vice president of sales this year. We will be adding two account managers and one customer car team member.
Q: What will your company's main challenges be in the next year?
A: Streamline our operations by adding a warehouse managing system, a third party logistics warehouse, and create a playbook for adding multiple locations. We have plan to launch three prototype locations this year. We are looking at add 5-10 locations next year.
Q: What's the hottest trend in your industry?
A: UVC lighting, Lighting controls, Solar PV system.
Q: If you had one tip to give to a rookie CEO, what would it be?
A: Understand your opportunities and spend time on extensive research.
Q: Do you have a business mantra?
A: Be laser focused on the top two to three opportunities.
Q: From a business outlook, who do you look up to?
A: Mark Cuban.
Q: What is one interesting fact about you or your company that most people may not know?
A: We sell top-tier brands such as Lithonia, Phillips, RAB and many others.
Q: What do you like to do in your free time?
A: Spend time with family and friends
Q: What book is on your nightstand?
A: "Thrive By Design: The Neuroscience That Drives High-Performance Cultures" by Don Rheem.
Q: What keeps you up at night?
A: Finding new opportunities.
Q: If you were not doing this job, what do you think you would be doing?
A: Doing consultation.
Q: What was your first paying job?
A: Being a pizza maker for Nancy's Pizzeria.
Q: If you could put your company name on a sports venue, which one would you choose?
A: Wrigley Field.
Q: What is one funny thing that has happened to you in your career?
A: I went to college twice. My first degree is in respiratory therapy and my second degree is in accounting. However, I really enjoyed lighting without any experience in the electrical field.
Q: Two people to follow on Twitter and why. (besides your company)
A: I follow Elon Musk because of innovation and genius marketing moves and Mark Cuban because his interest in doing side hustles and how he invests in people and opportunities.
Priyashu (Peter) AgrawalCEOLED Phantom Distribution Inc930 S. Kay Ave, Addison, IL 60101www.ledphantom.comIndustry: Electrical/Lighting
Annual sales: $8.7 million
Number of employees: 22
Family information: Married (Priyanka), 2 daughters (Amaya & Sia)
Hometown: Agra, India
Current residence: Bloomingdale