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Govindaraj Kalyanasundaram – Entrepreneur CEO & Founder of Smitiv Mobiles Technologies Pte Ltd

Published

4 years ago

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Smitiv Technologies

1. Introduction about yourself and the company

My name is Govindaraj and I am the founder, CEO and principal consultant of Smitiv Mobiles Technologies Pte Ltd (SMITIV). I graduated from PSG College of Technology, which is ranked as one of the best institutions in India. From a young age, I had a strong fascination for technology and how it evolved our daily life. That fascination turned into passion, which saw me devote most of my waking hours into mastering coding. I also understood at an early age that technology alone would not be enough to build a dream. It also needs a strong business sense. So I started to study how successful people built their businesses and turning them into empires. By the time I was 20, I was running my own tech company with 27 employees.

Currently, I am running SMITIV, a company headquartered in Singapore, with offices in Malaysia and India. SMITIV is a technology services startup with 58 employees and is considered as one of the fastest growing technology solution providers for SMEs in South East Asia over the last 3 years. We operate in the core verticals of Remote Team Hiring and Building Bespoke Solutions.  Some of our NOTABLE customers include:

•SISTIC (Singapore)

• University of Melbourne (Australia)

• Aircel (India)

• MobMe Asia (Malaysia), to name a few.

We have also developed and currently maintaining for seed stage and venture-backed startups like:

• Plano- more than 1 million official downloads (venture-backed by billionaire philanthropist Peter Lim)

• Have Halal Will travel- more than 1.5 million unique user base and 1 million MAUs

• Locomole – a national award-winning mobile app

2.  What made you come up with the startup idea? 



CEOs and founders of startup businesses face many challenges. Especially in the technology field. Building products or platforms in countries like Singapore, Australia or even the USA could end up burning money faster than you can ever imagine. And the biggest contributor to this would be human resource cost. As I was formulating the right business model to pair up with my tech foundations, I realized that the price-factor was key. And by building development houses in growing economies like India and Vietnam, I could offer good and quality solutions with a competitive-price edge. That laid the foundations for building SMITIV.

3. Where do you stand yourself in the coming years and play a role in the startup ecosystem?

I have set an objective for SMITIV to be listed in the NYSE over the next 3 years. So I will be putting most of my focus on building my middle layer in the company and also on opening new SMITIV office around the globe. We have already identified growing startup ecosystems around the world and through our international expansion, aim to be amidst the growth of the technology solution providing and technology expertise building in those countries.

4. What problem are you trying to solve?

I believe technology is the key to unlocking future human potential and ability. Because it has helped me become who I am today. Hence I want to ensure that our future generations has the ability to learn, understand and appreciate technology by building tech schools in growing economies. Places where people don’t have the means to afford proper tech education or even own equipment like laptops or smartphones. Our future depends on technology and that will be, in my opinion, a big issue that needs consistent oversight.

5. What advice do you wish to give aspiring entrepreneurs?

First is to always be happy with yourself. Inward reflection and appreciation is very important when it comes to reacting with the craziness that is represented in the “outside” world. Ensure to find happiness in whatever you do and success will find you. Second advice would be to have strong focus. Focus in ensuring you are unwavering in completing what you set out to do for the day. I always write down what I have to do for the day and focus myself into ticking them off one by one. Yes there will be days whereby you can’t complete. But the focus of writing it down and doing it one by one will allow you to achieve optimal output and you see that you will achieve your goals. Last advice is to not be the smartest guy in the room. If you are in a room and you are the smartest guy in it, you ARE in the wrong room. Always surround yourself with people of good caliber and never be threatened by it. Embrace it and see the wonder to conjure.

Name : Govindaraj K
Email : govind@smitiv.co
Contact no : +6593896099
Website : https://smitiv.co
Linkedin: https://www.linkedin.com/in/govind-raj-7a8583111/

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Entrepreneurs

Ashish Kashyap: From Ibibo to INDwealth – A Journey of Innovation and Success

Published

5 months ago

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June 6, 2024

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ashish kashyap

Ashish Kashyap, a serial entrepreneur known for his groundbreaking ventures, is set to transform the wealth management industry with INDwealth. Steadview Capital has invested $30 million in this wealth-tech platform, which will launch in January 2019. INDwealth leverages AI and machine learning to offer comprehensive wealth management services, targeting affluent and high net-worth individuals.

Kashyap’s entrepreneurial journey began with the founding of Ibibo Group in 2007, including services like Goibibo and redBus, which he later acquired and served as CEO. Post the acquisition of Ibibo by MakeMyTrip in 2016, he ventured into fintech, further establishing his prowess.

The Genesis of INDwealth

Founded in June 2018, INDwealth aims to democratize wealth management by integrating AI and machine learning. The platform will serve as a one-stop solution for managing investments, liabilities, cash flows, and taxation. “Managed wealth in India is under-penetrated at less than 10 percent. The intersection of AI and machine learning with finance combined with the fact that managed wealth is an under-penetrated sector represents a large opportunity,” says Kashyap.

Ventures and Achievements

  1. Ibibo Group: Launched in 2007, it included Goibibo, a leading travel booking platform, and redBus, India’s largest bus ticketing service.
  2. PayU India: Co-founded in 2011, it became a leading payment service provider.
  3. INDwealth: A full-stack wealth-tech platform, launching in January 2019, aims to simplify wealth management through technology.

Personal Encounters and Professional Impressions

I first met Ashish during the launch of the BW Marketing white book. His intelligence and drive were immediately apparent. We connected over technological discussions during the expansion of Goibibo and the launch of RedBus. His insightful advice was invaluable for my own venture, #LikeaBoss. Our interactions always left me inspired by his visionary approach and relentless pursuit of innovation.

A Vision for the Future

Ashish Kashyap’s latest venture, INDwealth, is poised to revolutionize the wealth management industry in India. By leveraging cutting-edge technology and a deep understanding of market needs, Kashyap continues to demonstrate his ability to create impactful, user-centric solutions. As Ravi Mehta of Steadview Capital puts it, “Ashish is a proven entrepreneur who has demonstrated his ability to successfully solve structural industry problems using technology.”

Ashish Kashyap’s entrepreneurial journey is a testament to his innovative spirit and unwavering commitment to solving complex industry challenges. From the success of Ibibo Group to the promising future of INDwealth, Kashyap remains a trailblazer in the world of technology and finance.

 

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Entrepreneurs

From Wipro to Rs 260 Crore Empire: The Remarkable Journey of Shashi Kumar, Founder of Akshayakalpa Organic

Published

5 months ago

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June 2, 2024

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Leaving behind a high-paying job at a prestigious company to embark on an entrepreneurial journey is a daunting task. Shashi Kumar, the founder and CEO of Akshayakalpa Organic, did just that. After dedicating 13 years of his career to Wipro Limited, Kumar took a bold step and ventured into the world of organic farming, eventually building a company worth Rs 260 crore.

The Leap from IT to Agriculture

Shashi Kumar, who hails from a farming family, observed the challenges faced by farmers while working at Wipro. This inspired him to make a difference in the agrarian sector. In 2010, with a vision to revolutionize India’s dairy industry, Kumar founded Akshayakalpa Organic in Bengaluru. The company aimed to provide milk and milk products free from antibiotics, synthetic additives, hormones, and chemical pesticide residues.

Pioneering Organic Dairy in India

Akshayakalpa Organic became India’s first certified organic dairy business. Kumar and his team employed innovative techniques alongside traditional farming methods to ensure the production of high-quality, safe milk. This approach not only addressed the issues faced by farmers but also met the growing consumer demand for organic and sustainable products.

Bridging the Gap Between Farmers and Consumers

Understanding the importance of linking farmers’ produce to the marketplace, Kumar focused on making farming a profitable venture. By connecting farmers directly with consumers who sought organic milk, Akshayakalpa created a sustainable business model. This initiative helped improve farmers’ incomes while providing consumers with healthier, organic dairy options.

Rapid Growth and Market Expansion

Over the years, Akshayakalpa Organic has grown significantly. According to Startuppedia, the company now serves over 10,000 customers across 600 farms, employing a dedicated team of 400 people. Their products have gained popularity in major cities like Bengaluru, Chennai, Hyderabad, Mumbai, and Pune.

Achieving Financial Milestones

In FY23, Akshayakalpa Organic reported an impressive turnover of Rs 260 crore, as per a TOI report. This milestone reflects the company’s successful journey from a startup to a major player in the organic dairy industry.

Conclusion

Shashi Kumar’s transition from a corporate job at Wipro to founding a Rs 260 crore organic dairy enterprise is a testament to the power of vision, courage, and determination. His story serves as an inspiration for aspiring entrepreneurs who dream of making a significant impact in their chosen fields.

What do you think about Shashi Kumar’s journey? Share your thoughts in the comments below!

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Entrepreneurs

From Trading Desk to Rs 1400 Crore Net Worth: The Inspiring Journey of Swiggy’s Sriharsha Majety

Published

5 months ago

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May 30, 2024

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trending news, daily news, LATEST NEWS TODAY

Sriharsha Majety, the co-founder and CEO of Swiggy, is a name that resonates with innovation and perseverance in the Indian startup ecosystem. His journey from working at a trading desk to creating one of India’s largest food delivery platforms is nothing short of inspirational. With an estimated net worth of INR 1400 crores, Majety’s story is a testament to the power of vision and determination.

Early Life and Education

Born into a family of entrepreneurs in Andhra Pradesh, Sriharsha Majety had the entrepreneurial spirit in his veins from a young age. His father owned a restaurant, and his mother was a doctor. Majety pursued his early education at BITS Pilani, where he earned an MSc in Physics and a BE in Electrical and Electronics Engineering. He later completed his MBA in Finance from IIM Kolkata.

The Genesis of Swiggy

After graduating from IIM-K, Majety worked at Nomura International’s offices in India and London, dealing with rates trading. However, the corporate world couldn’t contain his entrepreneurial drive. In 2011, he returned to India and co-founded Bundl with his batchmate Nandan Reddy, aiming to bridge the gap in e-commerce fulfillment. Unfortunately, Bundl couldn’t gain the expected traction, leading to its closure.

Undeterred, Majety and Reddy pivoted to the hospitality sector, launching Swiggy in 2014. Unlike other delivery services that relied on third-party riders, Swiggy built its own delivery fleet, ensuring better control over service quality and reliability. This strategic move paid off, positioning Swiggy as a leader in India’s on-demand food delivery market.

Swiggy’s Meteoric Rise

Starting from a small office in Koramangala, Bengaluru, Swiggy’s initial operations were modest, with just 25 partner restaurants and six delivery executives. However, the company soon witnessed a 25% month-on-month growth, expanding its reach to over 25 cities and partnering with 20,000+ restaurants.

By 2017, Swiggy had achieved the milestone of 5 million deliveries a month. In 2019, their cloud kitchen concept served a record 1.5 million monthly orders. Swiggy’s valuation soared to $5 billion by 2021, underscoring its immense growth and popularity.

Innovation and Expansion

Swiggy’s mission, as articulated by Majety, is to “elevate the quality of life for urban consumers by offering unparalleled convenience.” The company pioneered a full-stack food tech offering, providing a seamless consumer experience from ordering to delivery. In a market where many questioned the viability of food delivery, Swiggy’s integrated approach set it apart.

Swiggy’s service now extends beyond food delivery. The company has diversified into groceries and other on-demand services, continually innovating to meet consumer needs. Despite initial skepticism, Swiggy turned its food delivery business profitable in March 2023, marking a significant milestone in its journey.

Personal Life and Interests

Beyond his professional achievements, Majety is an adventure enthusiast. He has cycled over 3,000 km across European countries like France, Italy, Spain, and Portugal. This adventurous spirit is reflected in his approach to business – bold, persistent, and ready to explore uncharted territories.

Recognitions and Achievements

Sriharsha Majety’s contributions have not gone unnoticed. He featured in the IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020 and was named Entrepreneur of The Year at the ET Awards in 2019. His leadership has been pivotal in transforming Swiggy from a nascent startup to a household name in India.

Conclusion: What’s Next for Swiggy?

As Swiggy continues to expand its footprint across India, Majety’s vision remains focused on better penetration, innovation, and strategic partnerships. The company’s growth trajectory suggests that it will continue to redefine convenience for urban consumers.

What do you think about Sriharsha Majety’s journey from a trading desk to building a billion-dollar company? Does his story inspire you to chase your entrepreneurial dreams? Share your thoughts in the comments below!

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