Niru Somayajula: Building a Global Business Leading Advancements in Underwater Acoustic Technology
Top 10 Most Influential Canadian Professionals in 2023
In 2011,
Niru Somayajula took over Sensor Technology Ltd. and became the President and
CEO of a client-driven manufacturer of custom acoustic underwater tools used to
better understand what happens in our oceans.
Today, she
is a technology leader, creating a global presence for her business by leading
innovation in subsea acoustic technology.
Early lessons in
entrepreneurship
The fact
that Niru’s immigrant parents were also entrepreneurs greatly influenced her
early experiences growing up in Collingwood, Ontario, and primarily shaped who
she is today.
As a
student, Niru started in computer engineering at the University of Guelph
before realizing that it was not the field for her. So, she switched to science
at Western University, where she completed a degree in Geophysics and went on
to do a master’s at the University of Toronto.
Sensor
Technology Ltd. was born in 1983, when the founders, Eswar and Shashi Prasad,
transitioned Blue Mountain Pottery to hi-tech pottery called piezoceramics.
Throughout
its 39-year history, Sensor Technology Ltd. has specialized in providing
clients with innovative, customized solutions with repeatable results, an
achievement that propelled the company into becoming a global leader in
designing and manufacturing acoustic tools and systems.
In 2008,
75% of the company’s sales came from one customer. They had to pivot when they
lost that business due to economic decline. Niru was finishing grad school when
she was asked to come into the company as an interim manager while the business
was being sold.
“I was
tasked with creating a transition plan and recruiting for a new management team
that would help transition the company from its existing team seeking
retirement after the sale to the new team,” she recalls.
When the
deal eventually died in 2010, while Niru was Operations Manager for the
business, she worked with her Senior Leadership team to buy out the company’s
shares and assume the role of CEO.
“It was a
huge challenge to diversify our offerings, but it ultimately built the building
blocks of our current growth trajectory and my personal and professional
journey,” she recollected.
Niru notes
that it took many years to change the mindset of the staff and the management
of what needed to be done, to transition the company. They had to develop new
products, but more importantly, new processes that would help them find,
cultivate, and grow with new clients.
Leading advancements
in underwater acoustic technology
Sensor
Technology remains a proudly Canadian company that keeps the organization agile
and adaptable, allowing it to lead advancements in underwater acoustic
technology.
As a global
leader in listening and imaging underwater, it plays a vital role in the
acquisition of underwater data, and its components are used and are crucial for
a better understanding of what happens underwater, from understanding fish
migration patterns and detecting an inbound torpedo on a submarine, to locating
hydrocarbons that power our lives.
Under
Niru’s leadership, Sensor Technology has seen extensive growth in the last
decade. As the number of component manufacturers declined, the firm has doubled
down on innovating in the components it offers.
In addition
to the three facilities in Collingwood, the company has nearly doubled its
workforce and expanded its presence to the east coast of Canada in Dartmouth,
Nova Scotia.
It has
multiple offices at COVE (The Centre for Ocean Ventures and Entrepreneurship),
which supports the manufacture of hydrophones and transducers and a new 10,000
square foot Advanced Sonar Manufacturing Facility.
“At the end
of the day, we are a technology company. We would falter quickly without
innovative ideas pushing us forward,” notes Niru.
She points
out that Sensor Technology is constantly innovating in several areas. Their
customers also look for innovative ideas that increase the performance of their
products, so they are continually looking for ways to improve their products
from a technological point of view.
“We seek
innovation in our production processes that help streamline our manufacturing
lines, to ensure our products are made as efficiently as possible and
repeatable,” she states.
Growing a global
business based on values.
Niru’s
vision for the company involves growth in several areas, including an increase
in their offerings and in continuing to develop technology that adds value to
their products, such as more features and better performance.
She also
envisions further growth in international markets and a manufacturing presence
in other countries to get their products into more hands.
Niru
observes that while generating economic benefits for the company and
maintaining a healthy P/L is essential, she sees success when those economic
benefits flow down to their employees and clients.
“For me,
it’s a combination of things that define success. I also see success when there
is harmony in the workplace,” she states. Niru points out that having happy and
hardworking employees creates less stress and contributes to the bottom line
and the community.
“Last but
not least, it’s no secret that the company is very much mine to mould, grow,
and work at. I see success as being able to grow the business while also
maintaining my value set,” she affirms.
The vision of making
Sensor Technology a global leader
Niru’s
responsibility within the company is to develop and communicate its vision and
the short and long-term plans throughout the company.
She also
oversees the company’s administrative and financial functions and spearheads
the Business Development team to develop the relationships needed to propel the
business forward.
“There is,
thankfully, no regularity in my days in the office. I try to keep my mornings
clear of meetings so I can focus on my own tasks, with afternoons often in
meetings with staff, clients, or suppliers,” she explains.
With two
facilities on two ends of the country, Niru travels quite a bit between them
and spends about one week a month travelling internationally to see clients and
attend tradeshows.
In the last
few years, she’s had the great fortune of being invited to do a TEDx talk,
speak on various panels, and join both Industry and Non-for-profit Boards.
“All these
have been great recognition, for not only me but for Sensor Technology and
where we are headed,” she points out.
Niru
reflects that a big part of their path to where they are currently is the
ability to believe. “Belief in myself as a leader and trusting my instincts,
and belief in my staff, that they are capable of attacking the task at hand,”
she notes.
Sensor
Technology works in a very niche market, and one that Niru believes has
terrific growth potential. She maintains that belief in staying the course and
keeping focus has helped them immensely to get from a challenging time to the
path they are on right now.
Niru’s
vision is to make Sensor Technology a global leader in piezoelectric-based
acoustic tools and systems. With growth a big part of their recent past, the
plan is for future growth. She hopes to open offices abroad and continue to
develop new products and tools for a better understanding of what is happening
in the ocean.
Participating in
life and business at a high level
Niru often
feels that her personal life is overshadowed by her professional life but finds
that having her children with her half the time is a great reminder not to let
her personal life get too overlooked.
Despite her
busy schedule, she has a variety of hobbies that she loves to explore in what
little free time she has, one being an avid cook and experimenting in the
kitchen.
“I’m also a
big fan of the outdoors and try to get out a few times a week to either bike (I
have too many bikes), hike, paddleboard, or swim. Before COVID, I was racing a
couple of triathlons a year, and training for the races helped keep me active
and enjoying the outdoors,” she declares.
Niru also
encourages her employees to have balance outside of the office. She believes
that having that time away really keeps people motivated and that communicating
their long-term vision also gives them something to work towards.
Niru’s
personal goals as a business leader involve working on the big picture plans
for the company. As she continues to grow and develop her team, she finds less
pull on her in the business’s day-to-day operations.
This lets
her focus on what’s next and how they will get there. Her message to other
aspiring business leaders is never to stop dreaming up the ideas that push the
business forward.
“As
leaders, it’s our job to be visionaries, as we are the only ones with the
unique position to see the business at a high level. It’s also important to
stick with your vision through the hard times. It’s easy to waver when things
get tough, but staying on the path makes a huge difference,” she advises.
“As leaders, it’s our job to be the visionaries as we are the only ones with the unique position to see the business at a high level.”