Bipin Chandra, Founder & CEO, Esyasoft Technology
A pioneer of modern Indian entrepreneurship, JRD Tata once said, “No success or achievement in material terms is worthwhile unless it serves the needs or interests of the country and its people and is achieved by fair and honest means. This very quote from Sir J.R.D Tata reflects his dedication to uplifting others and his commitment to push society and nation to Excellency. The legendary business baron was a visionary man who strongly believed in giving back to society and used his talents and abilities to leave the world better than he found it. Having the same values embedded in his heart, Bipin Chandra, an exemplary business leader with a futuristic vision, passion, and dedication is setting a benchmark in the energy sector while contributing abundantly with his services to the development of society and nation-building at large.
After graduating from NIT, Jamshedpur, Chandra knew that a typical 9 to 5 job is not his cup of “chai.”Being a great admirer of the philosophy and values of Sir J.R.D Tata, Chandra had this burning passion for building a company with core values rooted in social responsibility – providing jobs and growth for employees – as well as a sustainable business concept. He wanted to create a company where like-minded people could join him on this challenging yet incredible journey of growth and success, all while enjoying a collaborative and open-minded working atmosphere. As a result, Esyasoft Technologies, an Indian pioneer in providing software IoT solutions and Advanced Analytics for Utilities was born.
Liberating Inefficiencies in the Energy Sector
In a world where connectivity is of the utmost necessity, the role of a viable and consistent power grid cannot be overstated. That’s how the story of Esyasoft started in 2014. Under the indomitable leadership of Chandra, today Esyasoft stands tall as the Indian pioneer in smart grid solutions and one of the largest implementers. By leveraging the power of technology and analytics, the prominent company provides solutions to utilities by enabling end-to-end visibility and control over the grid while ensuring the energy infrastructure’s quality, reliability, security, and resilience. “we are a CMMI Level 3 & ISO certified SaaS-based technology and analytical application for Smart Grid systems having modules including Capturing data through sensors – smart meters, IoT Communication Gateways, analysis of data that generate beneficial analytical results, helping management in decision making through AI and Machine learning,” elucidates Chandra. Esyasoft also helps utility companies to reduce their Aggregated Technical and Commercial (AT&C) Losses, thereby maximising the revenues and reducing the carbon footprint.
In its beginnings, Esyasoft was amongst the top 10 winners of the IBM smart camp for smart cities. Over the years, it has been bestowed with many prestigious awards including the National Award for the Best Energy Efficiency Solutions by the Government of India and the award for one of the most innovative start-ups, funded by Govt of Karnataka in association with NASSCOM in 2016.Last but not least, we are proud that Esyasoft Technologies has been an internationally recognised vendor for AMI MDMS among the Top 20 Global Providers of Smart Metering Data Management & Analytics Solution and that we have been named in the Gartner’s “Market Guide for Meter Data Management” for the 3rd consecutive year.
“Significant achievements only come after hard work, so I am thankful, honored, and blessed to receive all these flattering titles and awards along with my team because those are also proof we are on the right track and that we are recognised for our efforts, commitment, high professionalism, and expertise,” adds Chandra.
Building Lasting, and Fruitful Connections with Customers
Aside from the quality and consistency associated with its complex, tailor-made products, and solutions and high competence in pricing, the uniqueness of Esyasoft also comes from its unwavering commitment to honesty and transparency through its consulting. While many companies today prioritise profit over people and are so inwardly focused, Esyasoft always keeps customer satisfaction above all. The customer-centric company rests on the ethos of establishing strong client relationships and providing the best solution with knowledge, experience, and insight. Its technical specialists and engineers are available 24/7 to support its customers. “We are working in an industry that sets the bar high. Still, our mission and vision are to aim to those heights and provide our customers with the best possible solutions, not to mention the end goal–building a sustainable future for a smarter and connected world,” opines Chandra.
“A very similar mindset I found in the UAE’s leaders. The way they’ve built the nation in the last fifty years, founded by H. H. Sheikh Zayed bin Sultan Al Nahyan is genuinely inspiring. The execution of their vision is remarkable and worth admiration from every single aspect and the greatest motivation to follow the same steps to achieve extraordinary results,” states Chandra.
“I am honoured and, at the same time, proud I could expand my business in a country with truly endless possibilities, whose values and principles are based on dignity, pride, faith, tolerance and persistence while creating a brighter future, for each and every one of us! UAE’s Ecosystem that they have created and enhanced, the sustainable culture they are building and improving, and the value system itself align, with my own parameters and the way I want to portray Esyasoft in years to come,” affirms Chandra.
Fostering a Culture of Trust and Empowerment
According to Chandra, empowering work culture is vital to the success of any organisation. Thus, he strives to cultivate a collaborative culture and work environment of mutual trust and respect at Esyasoft. Being a people-centric leader, Chandra always encourages his employees to share their thoughts and opinions and helps them reach their maximum potential. He also emphasizes employing people with great talent, fantastic attitudes, and strong ethics, and identifying the right people for the right roles. This leadership approach is undoubtedly reflected in the rapid growth of Esyasoft from a start-up to a global entity.“Today I am immensely proud I have been able to provide 150+ people with employment and create value for my investors. Social responsibility and being humble have always guided me in everything I do. Those are my life principles, but at the end of the day, every human is morally obliged to help those in need,” affirms Chandra.
As a socially responsible organisation, Esyasoft has been supporting orphanages and participating in the Grant a Wish program for years; helping and celebrating Christmas with around 450 orphaned children across 6 NGOs in Bangalore. “I do hope Esyasoft will leave a trace in this world, not necessarily for our outstanding business achievements, but rather as a company that did contribute to sustainability and truly made this world a better place for future generations,” asserts Chandra.
Set To Conquer New Heights
With its prolific presence in India, UAE, and Oman, Esyasoft is now catering to more than 15 utility companies with a cumulative total of over 16 million meters, 5% of which are interval meters. The scorching success of the company can be attributed to the visionary ideals of Chandra and his devotion to innovation, modernisation, and improvement that promise exciting future endeavours for the company. While the company has already made incredible strides in the past 8 years, Chandra clearly sees an even brighter future ahead for Esyasoft. Driven by continuous innovation and focus on customer satisfaction, the company is poised to become the No.1 smart technology solutions and integrated smart services systems provider in complete utility services and renewable energy solutions worldwide.
Constantly working on its improvements, investing in the talent pool, gaining new knowledge, and continually following the market trends, it aspires to thrive, creating high values while exploring the broader global markets. “Everyone has room for improvement, and so do we. We are currently working on acquiring the CMMI Maturity Level 5 certificate, designed to help improve performance by providing businesses with everything they need to develop better products and services consistently.” shares Chandra. Regarding our expansion, “I would say that every market has its potential. Still, my focus is mainly on the MENA region, KSA, Qatar, North Africa and moving forward to the Americas,” tells Chandra.
Forging ahead, Esyasoft will also be participating as an exhibitor in the upcoming Indian Utility Week, POWERGEN India & DISTRIBUTECH India where the entire community of smart utility professionals and over 8,000 thought leaders will meet to seek out solutions, sign new partnerships, and build on relationships that will affect business models for the better.
We are certain that the remarkable journey of Esyasoft and the fascinating story and inspiring insights of Chandra will ignite a spark of passion in the next generation of founders to build a sustainable future for a smarter and connected world.