Viraat KothareMD of Deluxe Elite Info Solutions Pvt Ltd Published On: Tuesday, February 16, 2016 Views 890
"To get success is to do what you love most and iterate when necessary with changing times."
Viraat is a serial entrepreneur who has always been inclined towards solving problems with a scientific approach. Most of his solutions involve a multitude of services clubbed together efficiently. He has a long list of certifications under his name, giving him much credence. His expertise in entrepreneurship, business strategy, competitive analysis and business development, makes him a go-to person when it comes to offering custom solutions.
He started his career as a technology associate, but few years later started his own company called Deluxe elite info solutions. It is an IT services provider offering universal hybrid public cloud app solutions, as well as 360 degrees turnkey solutions in multiple domains through their dedicated virtual app store marketplace. Their main aim is to provide top-notch innovative products and services to help companies & professionals grow and offer a unique online experience of marketing and promotion solutions digitally.
Please provide a brief overview of your product/ service.
Mylifezy.com is a patented universal virtual app store platform for exchange & collaboration between users, professionals, businesses to interact with objects, information, products, services & activities using any device, technology, browser or platform through apps requiring only an internet connection.
What inspired you to build the above product/ service?
The inspiration received in build the above product/service was sheer by accident, as due to a personal struggle of managing my needs with the current trends/solution available in the market, to make people lives easier and simpler by reversing the current way to operate & manage things in our day to day activities.
What is your life mantra?
To get success is to do what you love most and iterate when necessary with changing times.
What was the most challenging part of your journey till now?
The most challenging part of my journey until now is getting the right talent with the right skill set, to ease out our RND work, which would have help scale up faster. We were able to think differently and make our processes easier and simpler for scaling up as of which everything is built from scratch, of being bootstrapped for 4 years, working below capacity but eventually passed through the hurdles with grit & determination and made it an EVP product in 4th generation.
How did you overcome those challenges?
We overcame those challenges, by enhancing our skills & knowledge, live market interaction, hiring experienced freelancers to help us complete the product, using our own custom techniques & methodology in day to day operations, and gaining live practical experience was one the key elements to shape our current product with our analysis and logic in place with our own time, money, energy & efforts.
Share some details about the investments that you have been able to fetch for the business till now.
We are currently bootstrapped and looking to raise funds for the same for product quality improvement & expansion. We had rejected an offer for 1cr in Ukraine in equity & 25L in debt by NDBI, Gujarat, as money was less, the dilution.
How do you protect yourself from the problem of Brain Drain?
I, protect myself from problem of brain drain by constantly trying to find innovative ways to improve the current technology’s and trends and how we can further simplify our platform to benefit larger audience and industries in various sectors, read about latest technologies and how we can implement the same in our platform customized to individual needs.
According to you, what are the three qualities an individual must have to achieve success?
The 3 qualities for an individual must have to achieve success is commitment, consistency & dedication.
Which online tools/ services/ apps do you use the most and would like to recommend as well?
Some of the online tools we use are for speed we use gtmetrix and for security we use asafaweb and for quality testing we use dare boost.
Share any one habit which you think makes you more productive.
The one habit which makes me think more productive is to think the impossible in a practical manner, urge to do things differently.
Share any one habit which you wish to change in yourself.
One habit, which I wish in a change in myself, is to being a bit impatient at times, but trying to improve the same.
Answer in less than 50 words
- One tip to success:
One tip to success is to be unique and different, and learn from other mistakes.
- One mistake you believe every individual must avoid:
Being too honest and trusting everyone.
- One most important lesson that you have learnt until now:
Important lesson learnt until now, there is a time to do everything, and needs to be done in that time only, because life is a journey, not a destination.
What are your plans for next 3 years?
The plans for the next 3 years
- Working on Existing+ Future Technologies
- Working on Smart+ Social+Design+Code+ Security Standards
- Other Apps integrations
- Add-on Integrations
- Vertical Product improvement /Enhancements
- Research+ Future Trends+ Best practices and methods, Avoid competitor mistakes, Crowdsource Ideas Competitor watch, trend watch, Customer feedback Add new features.
If you get a chance to start your career again what would you do differently this time?
If I get a chance to start your career again, I would have completed my graduation and done Ph.D. in technology, and doing research in the field of healthcare.
What are your top three getaway destinations?
The top 3 getaway destinations being china, Switzerland & Venice
Share a quote that inspires you the most.
I have not failed. I’ve just found 10,000 ways that won’t work.-Thomas Edison