Following the Make In India concept -Talking to || Amit Singh || CMD || Olatech Solutions || SME ||

IBMTVLIVE

20 Dec 202217:53

Summary

TLDRThe CEO of Ola Tech Solutions narrates the company's growth journey, starting from registration in 2014 and actual business commencement in 2016. Initially focusing on system integration in the Telecom sector, the company shifted towards developing software products for future scalability. Despite pandemic challenges, Ola Tech expanded its software portfolio and ventured into new verticals like hardware support and digital marketing. With a vision for growth, the company plans to establish a strong presence in the digital solutions and 'Make in India' initiatives, aiming for a respected position in the market within the next three years.

Takeaways

😀 The CEO of Ola Tech Solutions started the company in 2014 but began operations in 2016/2017 after leaving his job.
🌟 The initial business was in system integration for the Telecom field, with the first order from a US-based company for installation of Active Components in an Indian Telecom operator.
💡 The company's long-term goal is to develop software products, as they offer opportunities for enhancement, new product development, and better margins.
💼 The profits from system integration work were reinvested into software development, leading to the development of their own software products from 2018 to 2019.
📈 Ola Tech Solutions received their first software order in 2019 from Tata Tele Services Limited, marking a significant milestone for their main product.
🛠️ The company sustained during the COVID-19 pandemic by developing more software products and focusing on internal development rather than external collaborations.
📚 Ola Tech now has a portfolio of seven to eight software products and has seen good market traction post-pandemic.
📈 The company's turnover during the pandemic was the lowest to date, but they do not expect to approach that number in the near future due to growth.
🚀 The company has expanded into multiple verticals including software products, system integration, hardware support, and a new digital solutions business unit focused on SEO, SEM, e-commerce, and online reputation management.
🌐 They have started partnerships for digital solutions and are acting as equity partners for companies, managing their digital assets and market presence.
🏭 There are plans to expand the team in Pune to 50-100 people for software development and services, focusing on both domestic and international projects.
🔄 The Hardware Support Business Unit is a current focus, with an aim towards 'Make in India' and manufacturing their own products for both domestic and international sales.
🏘️ The company is considering setting up a factory in Navi Mumbai for hardware assembly and manufacturing, with a long-term plan for expansion in the hardware business.
🔑 The USP of Ola Tech Solutions is providing cost-effective, good quality products that are 'Make in India' aligned, with an aim to reach a wider customer base.
🤝 The CEO emphasizes the trustworthiness and efficiency of his team, many of whom have been with the company for over a decade and are treated as partners.
📊 The CEO has a positive outlook on the growth of the industry and sees a future in digital solutions and the 'Make in India' model, with software remaining a key focus for maximum margin generation.
🌍 The company has a global vision, with plans to increase international business to 20-25% of their portfolio and to manufacture hardware in India for the global market.
📢 A message to investors is one of continued trust and hard work, with a commitment to efficient use of funds raised and a focus on long-term growth and respect in the market.