Thinkinno, For Fineness in All Your Custom Software Product Development Needs
“One should spend time only on the most important things. Be productive, not busy”,
Mr. Vishal Mistry, CEO, Thinkinno Technologies Pvt. Ltd.
In the present scenario, India is globally being considered the hub for outsourcing software solutions and in spite of the challenges spurring inherently, indisputably the growth is amplifying year by year.
One of the major factors contributing to the growth is the input of the outsourcing service sector. And on the likes of it, passionate about developing software solutions, Thinkinno Technologies is ardently adding value to their business by comprehending the needs of the clients and accordingly analyzing appropriate features to deliver usable solutions.
Mr. Vishal Mistry, CEO, Thinkinno Technologies Pvt. Ltd.
He is a techno-functional entrepreneur, with an experience of over 20 years in the software development industry. He was successful in creating a vision, identifying opportunities and building organizational value. Achieved success through combined expertise in strategic analysis, business development, communication, and team leadership.
He has managed to successfully execute offshore development projects in the BFSI domain. With the ability to continuous improvements in all the areas, he is recognized for the ability to drive a culture of service resulting in increased revenue, customer retention, and value addition and employee engagement. A developmental leader who believes in the value of an empowered team to produce desired results.
Mr. Mistry, while in conversation with Business Connect Magazine takes us on a tour of his company, beliefs, plans and more…
Mr. Mistry: Thinkinno was incorporated in 2013 with the sole intention to contribute to the success of the clients through customized software development services. It includes Web-based Applications, Mobile Applications (Native & Hybrid). We have successfully executed projects for clients in USA, Corporates, and SMEs in India.
Business Connect: What gives you an edge over your peers?
Mr. Mistry: Team Thinkinno has been constantly pursuing the new possibilities to give their clients an edge over their competitors. Also, we ensure that the project is delivered as per the Scope, Time, and Cost and with great Quality. And the ideas & suggestions given by us gives an edge to our customers over their competitors.
Business Connect: Do you see any transformation happening in the entrepreneurial world?
Mr. Mistry: Yes, entrepreneurs are realizing the worth of being dependent on the team. They no longer seem to have the mind-set of “I’m the Boss and I know everything”, this attitude empowers the team and gives them the freedom to enjoy facing the challenges.
Business Connect: Did you face any obstacle during the initial days? How did you sail through them?
Mr. Mistry: The one who has never faced the obstacles may not have a sense of achievement. Obstacles will always be there, one should embrace it, with the focus on the goal and never stop the process of continuous improvement, and this would help in getting the right breakthrough.
Business Connect: What kind of clients do you serve or have served in the past?
Mr. Mistry: In USA, Plansmith Corporation – We have developed multiple complex finance based applications that are used by 1000+ banks in the USA. In India, HDFC Realty and Kotak Mahindra Bank are our clients. And have successfully executed projects for Manufacturing Companies, Realty Sector, Food Industry, Construction Companies and in the BFSI.
Business Connect: How do you ensure unbreakable faith of clients in your company?
Mr. Mistry: Transparency, Value Addition, Continuous Improvements and most importantly strive for your clients’ success and you will get yours automatically.
Business Connect: How have you ensured a smooth infusion of the latest technology?
Mr. Mistry: The team constantly upgrade themselves on the latest and we pursue the possibilities with the latest technologies and share the same with clients showing them the benefits thus we incorporate the latest technologies as appropriate.
Business Connect: How much do you rely on R&D for the growth of the company?
Mr. Mistry: In a normal project, most requirements can be met without major R & D, but some unique requirement or functionality certainly require R & D to be able to successfully develop the unique features. And such unique features or functionality most of the time becomes the USP for the success of our clients. So it does play a very important role to make a value-able difference.
Business Connect: Tell us something about your staff. How do you ensure their efficiency and positivity towards work in challenging times?
Mr. Mistry: Team Thinkinno comprised of great team members and we are proud of them. Communication is very important to let them know about their contribution, how they are adding value and how every bit is an output of combined effort which can only be achieved with a great team.
Business Connect: What kind of activities do you conduct to keep your employees energized?
Mr. Mistry: Internal Training, Workshops, Team Activities, Feedback on Individual’s Views/Ideas for Company Growth, Periodic Review & Guidance for their growth, being open to new ideas and initiatives.
Business Connect: Who is your role model in business/entrepreneurial world and what have you learnt from the person?
Mr. Mistry: Past Employers (Yogesh Upadhyaya, Sandeep Bhandarkar, and Dheeraj Vasishth) – Be Genuine, Truthful and Transparent with the client as well as with your team. They have played a very important role in shaping me in my profession.
Business Connect: How does transforming technology impact your business?
Mr. Mistry: Transformation in technology has affected positively, it has brought so much of excitement and opened up so many possibilities. We too are ready to have fun and excited to contribute to this space of IoT, AI & Big Data.
Business Connect: Is there anything that you have read, a book or a quote, anything that has impacted you heavily?
Mr. Mistry: The Goal by Eliyahu Goldratt – It’s about a manager who has challenges in the personal and professional life and how one day he identifies a pattern of a problem and takes care of it and applies the same in his professional life to eradicate the problems.
Connect the dots by Rashmi Bansal – It contains the short stories of inventors/innovators who started with a unique observation about a problem, came up with the solution and reached success in making a difference.
For the client in the USA, Thinkinno has developed some complex finance based applications like Competitive Analysis, Forecasting, Interest Rate Risk Management, and Strategy Management & Market Analytics. These applications are used by more than 1600 banks in the USA. For these applications, team Thinkinno manages the data of 5500 banks every quarter.
They are responsible for updating the entire census data and bank branch data on a quarterly basis. In India, Thinkinno has worked for Corporates as well as SMEs. Also, other large IT organizations are looking to outsource the software project development to Thinkinno.
Thinkinno presently is aspiring to serve clients in Europe, to execute projects on IoT and bag more clients in the USA. A SaaS-based product is on the cards for launch, while they are successfully providing custom software product development and maintenance services to their clients with a support to a number of web-based products.