Inspiring case study on bits pilani based innovative entrepreneurs in high tech growth sector of higher education in india

Dr. Trilok Kumar Jain
Dr. Trilok Kumar JainPromotor, Rishabh Dev College Bikaner um Knowledge Creators

Inspiring Case Study on Bits Pilani Based Innovative Entrepreneurs in High Tech Growth Sector of Higher Education in India

CASE STUDY ON SHARP EDGE
LEARNING
INNOVATIVE HIGH TECH
ENTREPRENEURS
This case study is for the students of entrepreneurs. I have prepared this case study
based on interactions with Mr. Paresh Gupta and team on 18 July 2012. This case
study highlights strategies of innovative entrepreneurs in emerging high growth
sector. It gives learning on the process of development in start-ups. It should be
studied in the perspective of strategic management, marketing management,
business plan formulation and entrepreneurship. The author is grateful to Paresh,
Arpit and Chirag for their valuable inputs.
Author : Trilok Kumar Jain

Jain.tk@gmail.com
7/18/2012
Today I met Paresh Gupta. He along with his five
friends started a company to promote digital
education. His friends are Arpit Mehta, Chirag
Maheshwari,Harshit Gupta, Mohit Agarwal and
Sourabh Gupta. These six persons had a dream and
they made it happen. Each of these six persons
could have opted for a job (infact a few of them left
their lucrative jobs), but they decided to do
something on their own. They had a passion and
this passion drove them to innovative business.
They found a huge gap between the expectations
and reality so far as technical education is
concerned. As most of them are from engineering
background, they decided to focus on domain skills.
They realized that a lot can be done to impart
better training in terms of domain skills and soft
skills for engineering students. They launched a
company called Sharp Edge - to give an edge to the
students. Their endeavour is to sharpen the
students coming out of Engineering institutions.
Today they are able to give employment to 60
persons. They admit that these 60 persons could
have got higher package elsewhere, but they are
working with their team because it is a start-up in
an innovative sector.
Success of great start up depends on innovative
idea, scalability, and its ability to remain exclusive.
Their ideas are to give a support system to
engineering colleges across the country. They can
easily scale their operations across the globe. They
have prepared contents which can be used in
classrooms. These contents give a better idea about
technical concepts. They have used latest
technology to craft this content. The content that
they have developed, consists of lectures, 2D and
3D images of machines and systems, factories,
interactive study material etc. All these contents
have been designed under the guidance of experts
including professors of BITS Pilani.
This start up is due to an inspiration by an
academician. Dr. Maheshwari, former Vice
Chancellor of BITS Pilani encouraged and motivated
this team to launch this start up. BITS Pilani is
providing them infrastructure support and
mentoring. Within a short span of 11 months, this
group has been able to get over 20 clients.
Innovative Idea : -
The team has weaved their business model around
the basic idea of developing students for the future.
They have tried to look into the perspective of the
employer and found that there are many aspects
the employer look for, but probably the students
don’t have those capabilities. They have therefore
created a business model which provides
specialized training and guidance to the students in
following sectors :
  1. Domain skills : specialized training / class room
     programmes for providing technical training
2. Soft skills training – from development of
     resume to mock interviews to discussions about
     career – from very minute issues to complex
     issues like career planning
  3. Webinars by experts : to guide the students and
     to motivate the students about their career and
     future
  4. Digital Contents for better education :
     development of contents and supply of those
     contents to colleges / students
  5. Use of latest technology to create 2D / 3D
     contents for better visual and better
     understanding : this content has been
     developed by experienced software developers
     under guidance of experts
Need and rationale : -
Following issues give us the reasons for the
existence of Sharp Edge : -
1. There is an acute shortage of quality faculty
     members in engineering colleges across the
     country
  2. There is an acute shortage of good laboratories
     and equipments for proper display and
     experimentation
  3. Digital classes provide better understanding of
     technical subjects though audio-visual inputs
  4. There is a direct relation between level of
     domain skills and soft skills among the students
     and their placement, thus Sharp Edge can
     ensure better placement support to the
     students


Revenue Model : -
Sharp Edge sells its contents to the engineering
colleges / engineering students. These contents are
tailor made as per the syllabus of the engineering
college. They depict entire contents of the syllabus
through digital mode. Their team gives support to
the engineering college. They also conduct teacher
training classes, where they enable teachers to use
digital learning media for class room teaching.
Education is a growing industry and therefore, there
should be a great revenue model ahead. The team
is optimistic. They have spent last two years in
planning and visualizing the contents and now they
are able to develop the contents as per their
dreams. They are sure that the contents will offer
great value proposition for the colleges and
students. They modify and develop the contents as
per the requirements / syllabus of individual
colleges. They charge for tailor made contents for
one year of education. They also charge for giving
specialized training for the purpose of placements.
Thus these charges reflect a very reasonable
amount to be charged from the college / students.
They can easily replicate their success in different
colleges / universities and spread their wings
abroad also. Their business model is scalable and
can be stretched across the globe. At present their
costs are mostly manpower costs. They are
employing 60 employees who are paid between Rs.
3 lakhs to Rs. 7 lakhs per annum. They have
developed three offices / content development
centres. One centre is in BITS Pilani and two are in
Jaipur – one in Malviya Nagar and one in Jawahar
Nagar. They are able to save rents and associated
costs as they don’t have to pay any rent for any of
these centres (the two centres in Jaipur are run in
their homes and the one in BITS Pilani is supported
by BITS in the form of infrastructure, space and
mentoring). They are able to have networking with
a large number of alumni of BITS Pilani and other
eminent experts, who are willing to provide
guidance and mentoring through web (through
Webinars). Thus they are able to have the best
possible guidance and support.


Organisational structure and leadership pattern :
Mr. Gupta and his team is well prepared for the
organization of the future. They understand that
they are shaping an organization of tomorrow.
Knowledge based organizations require different
types of structural and leadership variables. Mr.
Gupta said that his focus is on building a strong
team, which shares the passion of the founders. He
told me that in order to develop his company, he
has taken a number of initiatives like a flat
organization, open organizational culture,
mentoring by experts etc. He was able to introduce
all these practices because he is an MBA. His
masters in business administration helped him in
evolving appropriate strategies for a high-tech
venture. His understanding of modern business
practices enabled him to formulate an innovative
business proposition.
Marketing and Networking :
Sharp Edge has been making news from the
beginning. They were awarded as EduStar and were
covered by many websites for their innovative
business venture. They were awarded as an
innovative start up by many organizations. Their
strong team and a strong mentoring team (faculty
members and alumni from BITS Pilani) enables
them to establish credibility very easily. Success
begets success and so they are also able to spread
success and increase their clients. Out of six
founders, three focus on content development and
innovations in product designing, while three focus
on marketing, relations with clients, field work and
in giving presentations. They travel extensively and
give vivid presentations in colleges. They have been
able to establish rapport with thousands of
students, and academic community at large.
Mr. Paresh Gupta (chairman of Sharp Edge) is an
MBA and his understanding of modern marketing
practices enabled him to serve over 20 clients in a
very short span of time. From the beginning they
are able to get guidance from thought leaders and
great academicians. They are able to get regular
guidance from Dr. L.K. Maheshwari (former, Vice
chancellor, BITS Pilani), Mr. Vinay K. Nangia, Dr. Raj
K. Gupta, Mr. B.R. Natarajan,
Mr. Bikramjeet Gupta Verma,
Mr. Arumugam and other
eminent thinkers. They are
able to establish their identity
among academicians through
their linkage with BITS Pilani.
Awards and Recognition
They are reciepient of eINDIA Champion Innovators’
Awards: Showcasing Emerging Startups and
Technology Trends in December 2011. [The eIndia
Champion Innovators' Award is an exclusive
competition for Technology Startup companies in
India. eINDIA 2011 the seventh edition of India’s
largest ICT, organised by Department of Science and
Technology, Government of Gujarat, and Gujarat
Infomatics Limited hosted by the Government of
Gujarat was co-organised by Department of
Information Technology, Ministry of
Communications & IT and All India Council for
Technical Education (AICTE).]

They are also recipient of award of Edustar- 2nd
best educational startup company in the country by
www.yourstory.in in May 2012.

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Inspiring case study on bits pilani based innovative entrepreneurs in high tech growth sector of higher education in india

  • 1. CASE STUDY ON SHARP EDGE LEARNING INNOVATIVE HIGH TECH ENTREPRENEURS This case study is for the students of entrepreneurs. I have prepared this case study based on interactions with Mr. Paresh Gupta and team on 18 July 2012. This case study highlights strategies of innovative entrepreneurs in emerging high growth sector. It gives learning on the process of development in start-ups. It should be studied in the perspective of strategic management, marketing management, business plan formulation and entrepreneurship. The author is grateful to Paresh, Arpit and Chirag for their valuable inputs. Author : Trilok Kumar Jain Jain.tk@gmail.com 7/18/2012
  • 2. Today I met Paresh Gupta. He along with his five friends started a company to promote digital education. His friends are Arpit Mehta, Chirag Maheshwari,Harshit Gupta, Mohit Agarwal and Sourabh Gupta. These six persons had a dream and they made it happen. Each of these six persons could have opted for a job (infact a few of them left their lucrative jobs), but they decided to do something on their own. They had a passion and this passion drove them to innovative business. They found a huge gap between the expectations and reality so far as technical education is concerned. As most of them are from engineering background, they decided to focus on domain skills. They realized that a lot can be done to impart better training in terms of domain skills and soft skills for engineering students. They launched a company called Sharp Edge - to give an edge to the students. Their endeavour is to sharpen the students coming out of Engineering institutions.
  • 3. Today they are able to give employment to 60 persons. They admit that these 60 persons could have got higher package elsewhere, but they are working with their team because it is a start-up in an innovative sector. Success of great start up depends on innovative idea, scalability, and its ability to remain exclusive. Their ideas are to give a support system to engineering colleges across the country. They can easily scale their operations across the globe. They have prepared contents which can be used in classrooms. These contents give a better idea about technical concepts. They have used latest technology to craft this content. The content that they have developed, consists of lectures, 2D and 3D images of machines and systems, factories, interactive study material etc. All these contents have been designed under the guidance of experts including professors of BITS Pilani.
  • 4. This start up is due to an inspiration by an academician. Dr. Maheshwari, former Vice Chancellor of BITS Pilani encouraged and motivated this team to launch this start up. BITS Pilani is providing them infrastructure support and mentoring. Within a short span of 11 months, this group has been able to get over 20 clients. Innovative Idea : - The team has weaved their business model around the basic idea of developing students for the future. They have tried to look into the perspective of the employer and found that there are many aspects the employer look for, but probably the students don’t have those capabilities. They have therefore created a business model which provides specialized training and guidance to the students in following sectors : 1. Domain skills : specialized training / class room programmes for providing technical training
  • 5. 2. Soft skills training – from development of resume to mock interviews to discussions about career – from very minute issues to complex issues like career planning 3. Webinars by experts : to guide the students and to motivate the students about their career and future 4. Digital Contents for better education : development of contents and supply of those contents to colleges / students 5. Use of latest technology to create 2D / 3D contents for better visual and better understanding : this content has been developed by experienced software developers under guidance of experts Need and rationale : - Following issues give us the reasons for the existence of Sharp Edge : -
  • 6. 1. There is an acute shortage of quality faculty members in engineering colleges across the country 2. There is an acute shortage of good laboratories and equipments for proper display and experimentation 3. Digital classes provide better understanding of technical subjects though audio-visual inputs 4. There is a direct relation between level of domain skills and soft skills among the students and their placement, thus Sharp Edge can ensure better placement support to the students Revenue Model : - Sharp Edge sells its contents to the engineering colleges / engineering students. These contents are tailor made as per the syllabus of the engineering college. They depict entire contents of the syllabus through digital mode. Their team gives support to
  • 7. the engineering college. They also conduct teacher training classes, where they enable teachers to use digital learning media for class room teaching. Education is a growing industry and therefore, there should be a great revenue model ahead. The team is optimistic. They have spent last two years in planning and visualizing the contents and now they are able to develop the contents as per their dreams. They are sure that the contents will offer great value proposition for the colleges and students. They modify and develop the contents as per the requirements / syllabus of individual colleges. They charge for tailor made contents for one year of education. They also charge for giving specialized training for the purpose of placements. Thus these charges reflect a very reasonable amount to be charged from the college / students. They can easily replicate their success in different colleges / universities and spread their wings abroad also. Their business model is scalable and
  • 8. can be stretched across the globe. At present their costs are mostly manpower costs. They are employing 60 employees who are paid between Rs. 3 lakhs to Rs. 7 lakhs per annum. They have developed three offices / content development centres. One centre is in BITS Pilani and two are in Jaipur – one in Malviya Nagar and one in Jawahar Nagar. They are able to save rents and associated costs as they don’t have to pay any rent for any of these centres (the two centres in Jaipur are run in their homes and the one in BITS Pilani is supported by BITS in the form of infrastructure, space and mentoring). They are able to have networking with a large number of alumni of BITS Pilani and other eminent experts, who are willing to provide guidance and mentoring through web (through Webinars). Thus they are able to have the best possible guidance and support. Organisational structure and leadership pattern :
  • 9. Mr. Gupta and his team is well prepared for the organization of the future. They understand that they are shaping an organization of tomorrow. Knowledge based organizations require different types of structural and leadership variables. Mr. Gupta said that his focus is on building a strong team, which shares the passion of the founders. He told me that in order to develop his company, he has taken a number of initiatives like a flat organization, open organizational culture, mentoring by experts etc. He was able to introduce all these practices because he is an MBA. His masters in business administration helped him in evolving appropriate strategies for a high-tech venture. His understanding of modern business practices enabled him to formulate an innovative business proposition. Marketing and Networking : Sharp Edge has been making news from the beginning. They were awarded as EduStar and were
  • 10. covered by many websites for their innovative business venture. They were awarded as an innovative start up by many organizations. Their strong team and a strong mentoring team (faculty members and alumni from BITS Pilani) enables them to establish credibility very easily. Success begets success and so they are also able to spread success and increase their clients. Out of six founders, three focus on content development and innovations in product designing, while three focus on marketing, relations with clients, field work and in giving presentations. They travel extensively and give vivid presentations in colleges. They have been able to establish rapport with thousands of students, and academic community at large. Mr. Paresh Gupta (chairman of Sharp Edge) is an MBA and his understanding of modern marketing practices enabled him to serve over 20 clients in a very short span of time. From the beginning they are able to get guidance from thought leaders and
  • 11. great academicians. They are able to get regular guidance from Dr. L.K. Maheshwari (former, Vice chancellor, BITS Pilani), Mr. Vinay K. Nangia, Dr. Raj K. Gupta, Mr. B.R. Natarajan, Mr. Bikramjeet Gupta Verma, Mr. Arumugam and other eminent thinkers. They are able to establish their identity among academicians through their linkage with BITS Pilani. Awards and Recognition They are reciepient of eINDIA Champion Innovators’ Awards: Showcasing Emerging Startups and Technology Trends in December 2011. [The eIndia Champion Innovators' Award is an exclusive competition for Technology Startup companies in India. eINDIA 2011 the seventh edition of India’s largest ICT, organised by Department of Science and Technology, Government of Gujarat, and Gujarat Infomatics Limited hosted by the Government of Gujarat was co-organised by Department of
  • 12. Information Technology, Ministry of Communications & IT and All India Council for Technical Education (AICTE).] They are also recipient of award of Edustar- 2nd best educational startup company in the country by www.yourstory.in in May 2012.