Innovative Leaders

Check out Indus Net Technologies for unique combination of Creativity and Technology

At a time when internet was a relatively new concept in India, moved by his personal passion towards digital technology, Abhishek Rungta had come up with his venture Indus Net Technologies (INT), an innovative IT Service, managed Outsourcing and Internet strategy company. The INT is now enabling as many as Fortune 500 clientele to save smarter, serve better and grow faster.

With deep industry experience of 17+ years and technological expertise across all major business functions, INT now helps corporations and Governments across the globe embrace the “Nexus of Forces” – Cloud/Web based custom application development, Mobility and digital marketing services to make their business future ready. Headquartered in India, INT has offices in more than five global locations and caters to a wide range of enterprise clients, digital agencies and emerging companies across various industry verticals like BFSI, MPE, Travel and hospitality, Education, e-Governance etc. in more than 40 countries.

Hailing from a business family in Kolkata, Abhishek with their help tried to start his own venture—an e-mail service centre in 1997.The centre was supposed to facilitate communication between businesses and their customers through mass mailers sent via the Net. He had taken a loan of Rs 46,000 from his family, paying around Rs 30,000 to an internet service provider and the rest going into the purchase of a modem. Abhishek Rungta, Founder and CEO, told Techspirit: “Unfortunately, the service provider shut down his business and absconded. However, this did not deter me and I thought of starting something that would not require heavy capital infusion. I started visiting tech expos with the aim of meeting people and building contacts.I observed that people were generating a lot of business by setting up outlets at these expos. Since I was familiar with website designing, I decided to rent a stall at one such expo. A three-day lease for the stall cost Rs6,000. I did not have this amount. So, I agreed to take a small part of the stall and share the remaining space with another person who was selling modems. I advertised my website designing service via handbills and it cost me Rs 50. The brand name was decided on the spot, and this is how Indus Net Technologies was born.”

Recalling his hardships during his initial days he said: “Since I was a commerce graduate, I had to conduct a lot of research and read up several books on computer to manage my business. Meanwhile, I started getting several inquiries on Web-hosting services. I found out that there were just a couple of players in the field and they were charging an exorbitant amount for providing the service. I managed to contact an Italian company that was offering Web-hosting services at 20 per cent the fee Indian companies were charging. I even managed to convince them to give me three months’ credit for offering their service in India. The new service significantly boosted my business and by the end of 1997-98 the firm’s turnover stood at Rs 1 lakh. This was the beginning of INT.”

Starting with a mere Rs 50, Abhishek has expanded his website designing and hosting business to Rs 40 crore through perseverance and passion in less than two decades. Indus Net is growing at a rapid pace. “Most of our clients are retained, which is a testimony to the value we create for them.We expect to maintain our growth rate and do meaningful and impactful projects around the world. We are expecting to be 3x-5x within the next five years” he further added.

 

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Luna Dewan

Luna Dewan

With six years of her journalism experience, Luna Dewan has worked for leading print media like the New Indian Express, Deccan Chronicle and DNA. She has been writing on healthcare, environment and various other civic issues. She is now with Techspirit.in as the Assistant Editor.

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