Inventrom Robotics, a Goa based company, was started by Mr. Pranav Pai Vernekar while he was in college in 2011. He, along with his friend Mr. Vinayak Joshi, both alumni of Goa Engineering College designed their first product, ‘The TechnoBoard’. After an MBA, he started his career with IMRB, but soon he left his job to follow his passion for Robotics Technology.
To make money is easy. Changing the world
to make it a better place is the difficult part.’ With this quote, Mr. Pranav Pai Vernekar summarizes the driving factor behind his leap
of faith to start this company. It
doesn’t take a geek to conclude that this Goa
meets Engineers meets Robotics venture is one of the coolest startups of the
country and here is why:
From their first product, TechnoBoard which is a Robotics R&D board
to the current under working Minion
Bot, Inventrom Robotics has come a long way in its working and popularity. They
have received a Patent by the Indian Government for Zau Wireless Programmer,
the first in the world of its kind.
So Far, So Good : While their product device, TechnoBoard has already sold more than 200 units others like the Zazu
wireless programmer, Topping Pi and Minion Bot are to be launched over the next
few months of this year.
They love sharing their expertise via
conducting workshops, which also acts as their major revenue generator. Their corporate client list for workshops
include bigwigs like TCS (Tata Consultancy Services), Chowgules, NETZSCH, PSL
(Persistent Systems Ltd.) among others and they have successfully trained over
1500 engineering students from renowned institutions like the IIT's, BITS, BVIT
etc.; garnering positive responses from
all over.
Moreover the levels
of the workshops vary from the basic ones like RoboWorld; designed especially
for kids right to the advanced levels like the Invent-O-Pi and Internet of
things, pertaining to an Engineering student and working professionals. So as long
as one has an interest in Robotics and its geeky functionings, they have
something for all.
An Interview with
the man himself and his team :
A
robotics company? Wow! Very out of the
box. What inspired you to get into the tech world?
Being an engineer, technology always
fascinated me specially robotics. I built my first robot in my second year of
engineering with two of my classmates. It was a simple white line follower and an
obstacle avoider. During my final year with the same team I built a
much-advanced robot, which could be controlled over the internet and
transmitted video over the net. In fact, it was so heartening to see a similar
robot in the TV series Big Bang Theory a few months later.
While we were in the final year of
engineering me along with my friends started a Robotics company by name
Accipion. We even conducted a few workshops, which generated capital for our
product development projects. However the final product never materialized.
Though it was a great experience and lessons learned there came handy while
starting up Inventrom.
What kind of relationship do you share with technology and gadgets? If
it is a strong one, give us an instance/ an invention which drew you to the
world of robotics? Do you directly get involved in the development of the
products which your company engineers?
Most of my time in the day is spent with
technology. There have been a lot of inventions that have been inspirational.
From various Apple products, TESLA Cars, even the TV recording technology like
TATA Sky Plus. They all make our lives beautiful.
Yes. I am completely involved in the
development, especially in the product design phase. My task would be to understand
the consumers and accordingly plan on the features and services. I also take up
few programming tasks if required, though my main focus is on product design,
sales and working on the overall strategy of the company. I am very lucky to have a
team of extraordinary engineers working with us at Inventrom who look after
most of the electronics, mechanical and software design and implementation
part.
You did your Engineering in electronics and telecommunication, quite
understandable that this love for technology evolved partly from there. But an
MBA thereafter? What made you go for higher studies in management?
A lot of times people have questioned me
that why MBA if you had to build an engineering centric company or why
engineering if you had to do an MBA. I have realized that knowledge of both is
essential for success. Engineering skills as well as business management skills
have to go hand in hand to ensure success. Both are depended on each other. A
good salesman will find it very difficult to sell a bad product while a good
product will not sell if the communication to the customer is not good. It is
only when different skills come together that you are able to create products
that are magical.
How does a typical day at work look like for Pranav?
I start my day in the office at 8.30 am. This is the time when I plan for the day as
well as we plan the tasks for the team for the rest of the day. Post that the tasks
vary based on the requirements for the day. I mostly have to look at product
design, financials, marketing etc. One good part about my life at Inventrom is
I get to be home for lunch and also manage to take a short 10-15 minute
afternoon siesta.
We are in the office generally till 6 pm.
Normally I also code for about 1-2 hours post dinner. It’s my stress buster. At
the office, we have a very casual environment. We do not have a specific dress
code. We are fine with employees walking into the office in shorts and a
T-Shirt. We have comfy chairs as well as a bed for those who like to work lying
on the bed. We also have a refrigerator where we store snacks and lots of ice cream
for all employees to have any time.
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| Team Inventrom |
You are young and you are already doing some phenomenal work in the
field of robotics. Do you ever feel age to be a challenging factor while you
deal with clients? If yes, what are the few ways you combat them?
Oh yes. It does. A lot of times I have to
deal with customers or suppliers who are almost twice my age. Though the best
part is a lot of time being young is considered positive in the technology world.
Also, I have realized that people are quite supportive and since the startup scene
is developing in India
in a big way so people do understand the issues and support you.
When I was in studying in GIM, I was part of
the Ribandar Talks club where I had to interact with lot of prominent people.
This experience came handy when we had to meet people to propose our products.
What marketing
techniques did you employ as a startup to get noticed?
We used to write a lot of articles in newspapers. The
newspapers also gave us the credits for the same. The social media has been a
great help too. In addition, we used personal calling and E-Mailing to
individual customers. Due to our good work with workshops currently
three-fourth of our workshop sales are driven by Word of Mouth.
Tell us about the biggest
challenge you’ve faced so far? Also, what’s the one thing that has worked for
you, and would suggest other entrepreneurs try as well?
The biggest challenge has been in
product R&D. We faced issues due to lack of guidance and had to learn the
hard way with financial losses. For example - We did not know the best company
for PCB printing around and ended up initially with some who did substandard
work. We decided to bear these losses ourselves instead of passing to the end
user to ensure better service to our customers. Our focus on working capital instead
of just the assets and investments helped us a lot.
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| Budding Engineers learning the nuances of Robotics |
Near Future plans?
We are primarily looking at launching the Minion Bot by the end of this
year. Our main focus till next year will remain on the Minion Bot promotion and
marketing and ensuring sales of the same. We are also launching an online store
to increase sales of our R&D products. In the coming six months we will also
try to raise finance through investors.
Any noteworthy accomplishments you’d like to mention in the startup
journey so far?
We have managed to have an
extraordinary team. Most of the guys at Inventrom could have easily got plush
high paying jobs and even now regularly get offers. However, they continue to
have a bigger vision and work on their dream making the world a better place
through robotics.
We have also so far been self-funded
which is a great achievement. This has helped us in keeping with our vision of
providing better products to the world without having the pressure of profit
motives.
Do you think Indian B-schools are doing
enough to create a committed job-makers? You have seen both sides of the coins- a
job seeker as well as now, a job maker. What are a few things that you think come
as crucial along with being a responsible job maker?
I feel there is a lot more to do to create
committed job makers and entrepreneurs. Most of the B-Schools have focused on
placements and getting jobs with higher salary rather than focusing on better
profiles and a job where the students can contribute in making the world a
better place.
I believe the most important for being
a responsible job maker is perseverance. A lot of people think that a failed
startup is cool. However, it is important to not give up easily and try longer.
As it is said what differentiates successful entrepreneurs from unsuccessful
ones is that they did not give up.
Any message to your juniors who are raring to lead? Ones with big ideas and dreams in their eyes.
Take up a job that you love to work on.
Since they are going to spend a major time of their life on their job it is very
important to choose what you enjoy doing. Rest everything automatically falls
into place.
Also, do not be
part of the mad competitive rush of higher salaries and higher paycheck. Take
some time and decide what your long-term goal is. Where do you see yourself
when you are 60-70 years old? Then plan your career accordingly.