Start-up success stories-Quick Heal Technologies-Antivirus solutions and beyond
If you have commitment, you may not need qualification or investment to start a business and make it big success. Kailash Katkar, Chairman of Quick Heal Technologies has proved this. Moving from Rs 1,500 job to creating a Rs 187 Crore business is not a easy thing.
About Kailash Katkar
Kailash has done his matriculation. In 1985, to support his family, he joined a shop which does mobile and radio repairing for Rs 1,500 per month. While he was doing repair for mobile phones, he quickly learnt accounting and was helping his employer to take care of his accounts.
In 1990, he has set-up his own cell phone repairing shop for Rs 15,000. He managed to get Rs 45,000 turnover during first year. However, he was not satisfied with what he was doing. Software boom attracted him and he wanted to encash it. He joined short term course on computer hardware. He wanted to do computer repair and maintenance work by charging annual fee.
He started his first venture CAT computer services, but there was huge challenge in getting the customers. He kept on trying and finally got an order from 2 families for computer maintenance for Rs 2,000 each per annum. First corporate order was received from New India Assurance. The turnover was Rs 1 lakh in 1993-94 and there were 4 people working with him in this venture.
Kailash brother Sanjay was studying as computer engineering in Pune. He was developing some software programs. Upon Kailash request, Sanjay developed an anti-virus programme which they named as “Quick Heal”. They sold this software for Rs 700 each to many vendors which was the least expensive solution during that time.
In 1999, company was in a bad shape and in the verge of shutting down. They wanted to see few more months before taking the decision. Some of the crucial decisions taken has improved the business. Slowly, the business again started picking up.
Soon, they opened branch at Nasik and other places. They started hiring employees to expand their business. They realized to diversify their product portfolio and moved beyond anti-virus solutions. They started developing from security and tuner solutions which focuses on computer speed to mobile security and gateway level products.
US Private equity firm has funded Rs 60 Crore which helped in expansion of their products internationally.
Quick Heal Technology currently doing Rs 187 Crores turnover and having 500 employees. Their operation runs at 22 offices, catering for more than 60+ countries across the globe for 8 Mn customers.
This is true inspirational story for aspiring entrepreneurs. Moving from Rs 1,500 per month job to creating Rs 187 Crore Turnover Company is not a small achievement. We can imagine the amount of effort which would have went in to this success.
Let us wish Kailash and team to grow their business further.
Readers, I would like to have your feedback and suggestions about this article. You can leave a comment in below comments section.
If you liked this article, share it with your friends and colleagues on Facebook and Twitter. The links are provided below.
Team – Allbusinessideas.com