PSG Holdings is a construction and cleaning services delivery business which aims to ‘Achieve Reconciliation Through Business’. It was founded in 2011 by Troy Rugless and his cousin Shane Jacobs.
The two Wiradjuri cousins who were born two days apart and raised like brothers have turned their company into one of the biggest Indigenous owned businesses in the country in less than ten year.
PSG Holdings has been shortlisted for the 2019 EBA Awards to be announced in Sydney this Monday October 28.
The company has a turnover of more than $60 million and a workfare of more than 160 people of whom one in four (25%) are of Indigenous descent.
In a yarn with NITV Radio, Troy Rugless said that their company owes its success to the combination of sound management and an environment bustling with opportunities for Indigenous entrepreneurs buoyed by government initiatives.
“I think that the Indigenous sector is a sector that is growing fast and there are some fantastic businesses in that space at the moment and growing quiet substantially and quickly due to the IPP, the Indigenous Procurement Policy,” Troy Rugless said.
Troy believes that being in business is a great space to be in but warns would-be business owners against the trap of quick growth many a novice entrepreneur has stumbled on.
“Quick growth can take you out of business as quickly as no growth,” Troy says.
PSG Holdings works closely with universities offering cadetships and employment opportunities to young Indigenous graduates especially in managerial and leadership roles.
Troy says that today PSG Holdings draws a large share of its business from the public sector thanks to the IPP - Indigenous Procurement Policy.
However, he has identified opportunities to diversify revenue streams in the corporate sector especially now that more and more businesses are embracing Reconciliation Action Plans (RAP).
