Founded by Shashank Naharas, OctoProc is a modern procurement organisation redefining how businesses source, pay, and manage industrial spend. Established in Noida during 2024, OctoProc was created with a unified vision to build a unified platform that seamlessly combines industrial procurement with B2B trade and B2B payment solutions.
Powered by artificial intelligence, automation, and data analytics, OctoProc brings transparency and efficiency to an industry long weighed down by complexity and inefficiencies. The company offers end-to-end sourcing solutions for industrial consumables including bearings, tools, cables, safety products, electrical and electronic components, fasteners, and more.
By driving cost-reduction programs and continuous savings, OctoProc enables organisations to optimise operations while maintaining reliability and control.
The Inception Story: When Experience Turns into Purpose. After more than two decades in corporate leadership, primarily across B2B businesses, Shashank observed persistent inefficiencies in procurement challenges that remained unresolved despite years of industry evolution. His exposure to global markets further validated that these problems were not unique to India.
This realisation marked a turning point. What began as an observation evolved into a conviction. that the opportunity was not merely to build a business, but to solve a deeply rooted industry problem.
“These widespread challenges highlighted the scale of opportunity by volume, by impact, and by global expansion.”
Thus, OctoProc was born with a purpose larger than transactions.
Building a Passion-Driven Team
Shashank’s hiring philosophy is simple yet powerful: build a team that cannot let you fail. Instead of prioritising conventional credentials alone, OctoProc seeks individuals with passion, integrity, resilience, and hunger to grow especially those whose potential had not yet found the right platform.
A reference-based trust-driven hiring system that he created enabled faster alignment and stronger ownership. The result is a team deeply invested in the company’s mission, where every member feels responsible for collective success.
Leadership Philosophy That Shapes the Culture
Leadership at OctoProc is anchored in purpose and hope.
“There must be a purpose behind everything we do to achieve meaningful scale.”
Shashank believes in helping people dream boldly, visualise success, and see themselves growing alongside the organisation. He consistently reinforces the belief that:
“Ordinary people can do extraordinary work and become stars.”
This mindset has built a culture defined by ambition, courage, accountability, and optimism.
Staying Ahead with Technology
Procurement remains one of the most under-leveraged domains when it comes to AI. OctoProc is actively changing that.
The company deploys AI tools and Automated agents to clean procurement data, unlock actionable insights, and improve decisionmaking. By modernising traditional procurement practices, OctoProc delivers faster execution, stronger analytics, and measurable cost savings for its clients.
Quality Through Shared Responsibility
OctoProc operates on one non-negotiable principle:
“Deliver what you commit.”
The organisation avoids working in silos entirely. Teams collaborate across functions, like sourcing team supports in sales closures, sales ensures delivery coordination and finance actively engages with customers to close the loops. This culture of shared ownership and constant communication enables consistent execution at scale.
Clients, Credibility, and Trust
OctoProc serves a diverse portfolio ranging from large manufacturing corporates to fast-growing startups. Its client list includes Emami, Nestlé, Dabur, Pepsi, Hero Motors, Physics Wallah, the Murugappa Group & many more.
Clients choose OctoProc for its honesty, reliability, and ability to deliver quantifiable savings often becoming strong advocates, themselves, who recommend the company within their professional networks.
R&D: The Backbone of Innovation
Positioning itself as a multi-specialty “Clinic for Procurement,” OctoProc continuously studies industry challenges to design AI-driven, practical solutions.
Innovation at OctoProc is built through deep collaboration with procurement leaders, domain experts, and industry veterans, ensuring technology is grounded in real-world needs not theory.
This commitment to continuously identify pain-points and find solutions allows OctoProc to stay ahead in a competitive market.
Marketing Philosophy: Trust Over Noise
OctoProc’s reputation is reinforced through recommendations from KPMG and leading banks, particularly in the area of cost reduction and working capital solutions.
Despite these partnerships, the company strongly believes its most powerful growth driver is customer referrals earned through consistent delivery and long-term relationships, not aggressive promotion.
Competitive Advantages That Truly Differentiate
Rather than focusing only on price negotiations, OctoProc addresses structural procurement challenges such as:
- Poor data quality
- Working capital constraints
- Surplus and dead inventory
- Process inefficiencies
Core service strengths include
- 45-day credit facility for vendor payments
- Strategic sourcing and cost reduction programs
- Surplus inventory exchange
- Spend analytics and reporting
- Technology-driven procurement & store operations
- Fully outsourced procurement teams
As Shashank firmly believes:
“The real differentiator from your competition is YOU.”
The People Behind the Mission
OctoProc’s strength is its people and their journeys:
- Nandan, Finance & Compliance Lead, a CA and MBA Finance professional, now actively engaging with CFOs, bankers, and compliance leaders to take the company ahead.
- Saloni, Sahiba, Akansha, and more, who overcame career breaks and personal challenges to emerge as key contributors.
- Nikhil, Product & Strategy Lead, passionate about computers from an early age, young B.Tech grad is now shaping the company’s tech-driven solutions.
- Vinod, Sourcing Lead, a sharp trader mindset, fetches almost anything, delivering exceptional cost savings for clients.
Each story reinforces OctoProc’s belief in second chances and latent potential.
Achievements and Milestones
- Achieved the entire previous year’s turnover within the first quarter of the current financial year
- On a path to score exponential growth in current FY.
- Recommended by KPMG, the biggest audit and consulting firm and NFCSF-Biggest federation of 269 cooperative sugar companies.
- Introduced to 100+ corporate prospects
- Built a supplier ecosystem of 500+ partners
Looking Ahead
OctoProc is preparing to launch its Surplus Inventory Platform, aimed at transforming how organisations manage excess stock. The company also plans international expansion into the UAE & Indonesia alongside strategic partnerships to accelerate growth and technological innovation.
Words of Wisdom for Aspiring Entrepreneurs
Shashank’s advice is deeply practical:
“Save every ₹100. Being cost conscious will force you to discover new models and real disruption.”
He urges entrepreneurs to challenge assumptions and solve real problems, rather than blindly following established frameworks.
Drawing inspiration from Sampati in the Ramayan, he concludes:
Leadership isn’t about avoiding pain; it’s about transforming it into purpose.
Sometimes, the most broken ‘Sampati’ becomes the most powerful leader.”
