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Are you financially well leveraged or looking to raise more funds? We have enough capital to meet our targets that we have set till the end of We are also open to inorganic growth. If we see some good opportunities to acquire firms , we may do that. At this stage, we are not actively looking at fresh funds. You said your HRMS service will manage 30 million workers in little over next two years.
What does it mean in terms of revenue growth? We want to touch three crore people every day. There is a wave going on — either become a unicorn or get listed in the stock market. Where are you on that aspiration? Our goal is to touch more and more people. Unicorn is a by-product of what you achieve. Every entrepreneur has a wish to get listed. They want to do an IPO. We also have a wish to go to the market. It depends on a reasonable size as a company to go for IPO and you are absolutely a profitable company.
When you are going public, you are taking money of citizens and ensure that you give them good returns in the long run. Some of the staffing firms are listed. Does this give you the confidence to go public and become successful in the stock market?
Our governance and reporting structure is very good. If you look at HRMS players globally, they have done very well. We believe, we are the largest in the blue-collar space in India. We have the added advantage of the staffing model as well. Our size and profitability built into it, the advantage of HRMS and staffing, and the gig opportunities put together, gives us the confidence to get a very exciting response.
As a staffing firm, how many people you are managing now? We provide complete HRMS to companies and currently managing around 20 lakh people on a daily basis. With technology taking over everything, we are introduced to a new way of living. People are finding it more convenient indulging in the technology and making the best out of it. Technology is something which spread like a wild fire once it was understood by the people and people accepted it whole-kind heartedly.
However, our education system still feels insecure in adopting to the means of technology. And not only in teaching, but other educational assistance needs to be made aware of the powers of education.
Eshiksa has built a platform under the leadership of Pravin Sharma which can solve all these problems and ensuring maximum growth of people and students. He came up with the idea of Eshiksa, a cloud-based platform for accessing various information, learning and value added services including online fee payment.
It is a window to the educational learning and managing affairs of an education system. It is smooth and hassle-free to work with. What is the Name of Your Venture? Any specific reason for this name? We are based out of Jaipur and we are working currently in major parts of India. We have also launched our solution in 2 countries. Another 3 countries in pipeline. What problems does your venture resolve? What are your products or services?
Share the idea or story behind the venture. How did it came to an existence? What motivated you to start your own venture? During my working days as a Sales Head of a leading Payment Processing company Atom realized that education is one sector where technology is not being used widely specially smaller and mid sized Institutes and also its very costly for them even if available.
Who are your biggest competitors and how do you differentiate yourself from them? How did you identify your co-founder? How did you hired your first team members? We see only one thing that is dedication and the focus to learn new things. For most of the team mates this was the first job.
What expansion plans are you looking for the next 2 years, next 5 years? Where do you want to see yourself in next 10 years? After achieving success with my venture want to give back to the society and try a different life with more social component into it. What are your goals over the next 1, 3, 6 and 12 months? Have you raised any funding?
Or have any plans for the funding? Yes we raised initial funding. We are in the process of raising more funds in the next 90 days. What were the problems you faced during the starting days and how did you resolve them?
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Every entrepreneur has a wish to get listed. They want to do an IPO. We also have a wish to go to the market. It depends on a reasonable size as a company to go for IPO and you are absolutely a profitable company. When you are going public, you are taking money of citizens and ensure that you give them good returns in the long run.
Some of the staffing firms are listed. Does this give you the confidence to go public and become successful in the stock market? Our governance and reporting structure is very good. If you look at HRMS players globally, they have done very well. We believe, we are the largest in the blue-collar space in India.
We have the added advantage of the staffing model as well. Our size and profitability built into it, the advantage of HRMS and staffing, and the gig opportunities put together, gives us the confidence to get a very exciting response. As a staffing firm, how many people you are managing now? We provide complete HRMS to companies and currently managing around 20 lakh people on a daily basis. In this segment, we manage onboarding, attendance, and payroll, among other such services.
We intend to touch three crore people by the end of March 31, In the blue-collar organised and semi-organised job opportunity space, we are creating 15, person days of work per day. Persondays work creation is a bit tricky. It indicates that you are looking at hour as a unit of work. What we are looking at is how people earn more every hour. This is where opportunity value and upskilling, and gig opportunity issues come into picture.
At our company level, we have around 60 percent in the regular work and 40 percent in gig or flexible work. By , this could be 40 percent full time and 60 percent in gig work. From the overall industry perspective in the organised and semi-organised blue collar space, this break-up could be in the range of 6 percent in gig and rest in employee-employer relationship.
But we believe that this number is going to change dramatically. Microsoft and partners may be compensated if you purchase something through recommended links in this article. We are in the process of raising more funds in the next 90 days.
What were the problems you faced during the starting days and how did you resolve them? The biggest problem we faced in the initial days was the outlook of the Education Institutes towards adaptability to technology and digital solutions. Lot of efforts have gone in getting the initial set of clients and training them to use the technology for their works and services.
Things have also changed in the last 3 years since initiatives like Digital India which are creating awareness among the clients to go for digital services. Are you married, single or in a relationship? Yes married. What are your hobbies? What do you do in your non-work time?
I like to meditate and go to peaceful places. Like to watch cricket matches whenever I get time. Simple Home food. Would love to explore Europe. Whom do you consider your idol or biggest motivator? Sachin Tendulkar has been the most inspiring person in my life. My father has been the biggest motivator to me, he has always backed me with simplest of the words which has encouraged even in toughest times.
What do you feel is the major difference between entrepreneurs and those who work for someone else? Entrepreneurs can create opportunities for many people and also you have the freedom to express yourself to the fullest. If you had the chance to start your career over again, what would you do differently? I think will start the same way, the journey has been very good so far despite tough times and hurdles.
Nothing has changed. I was the same when I was in Job. In fact never been into Job I feel, always gave the same time and attention in the working days also. Anything, you would like to say to our readers or upcoming entrepreneurs? Startup is a journey which you should enjoy each moment of it. There is nothing a failure or success, its all an experience which matters most as you started this coz you wanted to do it for yourself not for others. So chill and enjoy the ride… I have completed my graduation and MBA from Kolkata.
I come from a traditional family. We focus to offer a one stop solution platform for our users. The biggest threat is access to right mentors and guidance and I feel regional platforms will solve this problem in the coming days. Do you consider yourself successful and by what means do you measure success? I feel yes because I am able to do what I wanted to do. He takes care of entire operations of the company through the team and also takes care of the strategic alliances.
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