30 Best Business Leaders of the Year 2019 30 Best Business Leaders of the Year 2019 | Page 59

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Long delivery times resulting in
unsatisfied customers
Individual software tools for
monitoring and managing
different departments like HR,
finance, and production, etc.
Cost constraints to hiring expert
consultants & IT managers for
maintaining the software and
infrastructure and upgrading it
as per business demand.
Can you elaborate on
your company’s mission
statement?
Mission – To Empower &
Revolutionize Indian Micro &
Small Manufacturing Industry
The Indian economy today has
become the world’s fastest growing
one. The manufacturing sector will
undoubtedly play a crucial role in
this journey of rapid growth. India
is touted to become the world’s
3rd largest manufacturing hub
by 2022 with micro and small
scale manufacturers accounting
for more than 80% of the whole
manufacturing sector. So, this
segment specifically needs advanced
technological support in order
to facilitate sustainable business
expansion and an improvement in
overall efficiency to compete with
global players. Hence in that vision,
we want to be the first choice.
Vision – To become the world’s
leading Enterprise solutions
company for the manufacturing
sector.
The Indian IT ecosystem is very well
situated for B2B SaaS companies.
We believe that after winning a
major market share in the Indian
competitive market, our business
model will be accepted and also be
implemented all across the world.
Hence, our vision is to expand our
business in Asia, Europe & the US
and to be the leader in the segment.
Can you brief us about
the benefits of Nextsky’s
solutions?
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Efficient utilization of employee
time by stopping repetitive
work and maintaining several
files.
Reduction in Inventory cost by
30%
Reduction in Machine downtime
by 15% through preventive
actions
Customer Delivery lead time up
by 40%
Improvement in decision
making time by 50% as every
person could access past and
present information in a deep
analytical way without any
manipulation in the data.
Boosting human efficiency
What would you say are
the major requirements to
succeed in business?
1. Dream Big – While building
a company, the first thing
entrepreneurs need to do is to think
big. I believe thinking big keeps you
going while keeping you grounded.
2. Perseverance – Every
professional journey has its share
of ups and downs. It would demand
many sacrifices by you and your
family. Many times the situation just
gets unbearable. However, just going
on is only the way to success.
3. Passion – I believe passion is
capable of teaching you everything.
No matter how many times you fail,
in the end, passion is the only thing
that helps to stay on your path.
What were the initial
hurdles that you faced after
launching Nextsky?
When we were starting out, our
greatest challenge was to find an
ideal team. A team which is ready
for big challenges can also be ready
to fail and learn fast.
The second challenge, as with every
startup, is learning to navigate all
the numerous trials and mistakes
that happen while making a product
fit for the market. Sometimes those
mistakes turn out to be very costly,
resulting in a cash crunch. So
finding investors was a big
challenge. There were very few
investors interested in our idea.
What is your greatest fear
and how do you manage it?
The biggest challenge that we
currently face is to understand
the rapidly evolving customer
demands and to deliver on them
within stipulated deadlines.
For that, we’ve assembled a
dedicated and hardworking team.
We have allocated separate
domain expertise in every
department to understand all the
demands and fulfill them. We
also take advice from individuals
who have considerable experience
in this sector and have worked
in some of the world’s leading
technology companies.
SR
“Our technology
provides world-
class functionality
without the
cost, upkeep or
headaches of
traditional system
implementations.”
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