1. Introduction
NewGen IT Technologies Limited, founded in 2017 by Jagdish Bhatt, is a Singapore-oriented firm specializing in IT infrastructure managed services, cybersecurity solutions, and application services. Operating across India, Singapore, Hong Kong, UAE, the UK, and the USA, the company exemplifies a remarkable journey of perseverance and innovation.
2. Founder’s Background
Early Career:
Jagdish Bhatt, born and raised in Delhi, began as a commercial assistant while pursuing his graduation from Delhi University.
He later completed an MBA and a diploma in computer hardware and networking.
Professional Experience:
Started his career in 1986 with Punj Sons and later worked at USHA Group and Altos.
In 1996, joined an Indian IT company, marking a 20+ year tenure managing domestic and global roles, eventually moving to Singapore for a regional role.
Entrepreneurial Journey:
After quitting a high-paying job at HCL, Bhatt founded NewGen IT Technologies with no prior entrepreneurial experience.
3. Milestones and Achievements
a. Establishing the Firm:
First Client (2019): Secured a US-based client, paving the way for future growth.
Partnerships: Built alliances with OEMs and signed multi-million-dollar contracts across India, Singapore, and the USA.
b. Financial Challenges:
Started as a bootstrapped venture.
Overcame financial crunches, ensuring timely payment of salaries with the support of a dedicated core team.
c. Current Offerings and Innovations:
Comprehensive IT solutions for MNCs and businesses worldwide.
Developing proprietary software using 256-bit encryption for secure data storage.
Collaborating on advanced surveillance solutions for India’s Defence & Armed Forces.
d. Revenue Growth:
Achieved Rs 100 crore in total revenue in India over eight years.
Global revenue for FY24 stood at USD 15 million.
4. Key Strategies for Success
a. Bootstrapped Growth:
Focused on sustainable growth without external funding.
Maintained a strong commitment to quality and customer satisfaction
b. Innovation and Collaboration:
Invested in cutting-edge technology, such as secure software and surveillance systems.
Aligned with India’s “Make-in-India” initiative to produce world-class indigenous software
c. Building a Strong Team:
Recognized the core team as the backbone of the company.
Retained talent through a culture of mutual respect and responsibility.
5. Challenges Faced
Financial Constraints: Tight budgets threatened operations during the initial years.
Market Competition: Competing with established global players in IT services.
6. Vision and Future Plans
Expand its global footprint further while strengthening its presence in India.
Continue developing innovative, secure software solutions.
Collaborate on advanced technologies to support national initiatives like “Make-in-India.”
7. Conclusion
NewGen IT Technologies’ journey under Jagdish Bhatt’s leadership demonstrates the power of resilience, innovation, and strategic vision. From overcoming financial hurdles to achieving a global presence, the company serves as an inspiring case study for aspiring entrepreneurs.
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