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Two Indore Techies Turned Their Startup into a Rs 100 Cr Powerhouse

Key Points

  • IMAST was kicked off by Akash Joshi and Ankur Pathak in 2016.
  • They’ve got major clients like Raymond and Ashok Leyland on board.
  • IMAST hit a Rs 100 crore valuation and keeps 95% of its clients around.
  • In 2022, they launched IMAST 360, landing them a spot as one of India’s top tech solution providers.
  • They’re now expanding into the US and UAE markets.

Looma News

IMAST’s story is pretty classic for startups—leaving behind the corporate grind to build something cool. Akash Joshi and Ankur Pathak, who started the company in August 2016, have quickly made a splash in India’s tech world. With backgrounds in engineering and MBAs, they took a big leap after working at Kirloskar, where they picked up loads of skills in marketing and IT.

From Vision to Reality

Their journey started with a dream to revolutionize tech solutions for businesses. They began by focusing on the pump industry and landed some early wins with clients like Varuna Pumps. Instead of pushing their services hard, they let word-of-mouth do the talking, and it worked wonders. That helped IMAST build a solid reputation.

Adapting and Thriving

During the craziness of the COVID-19 pandemic in 2020, IMAST proved its mettle by keeping all its clients, showing off their solid service and customer trust. By 2022, they rolled out IMAST 360, a comprehensive solution covering sales, HR, and customer engagement, which got them into the top five tech solution providers in India.

Looking Ahead

With over 50 projects and a team of 150+ talented folks, IMAST isn’t just rocking it nationally—they’re aiming for global expansion too. Akash Joshi is dreaming big, hoping IMAST will become a globally recognized tech provider and break into the US and UAE markets. Their journey shows their smart strategies and commitment to innovation and growth.

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