New Delhi: Founded in 2020, Mytek Innovations has quickly become a key player in the engineering, procurement, and construction (EPC) and manufacturing industries. The company’s founders, Shivkumar and Ashwajeet, saw an opportunity to improve how projects are managed, especially in the public sector. They noticed problems like delays, poor planning, lack of capital, and issues with subcontractors that often led to project failures. To solve these problems, they created a tech-based platform that connects all the players in a project, clients, contractors, suppliers, and subcontractors, making the process more transparent and efficient.
A Vision to Simplify the EPC Process
The idea for Mytek Innovations grew out of the founders’ frustration with how chaotic and disorganized the EPC process can be. Shivkumar started working alone but later teamed up with Ashwajeet to create a platform that could bring all the stakeholders together. By using digital tools, the platform streamlines project execution, cutting down delays and improving communication between everyone involved. One of the biggest innovations at Mytek is the use of AIbasedproject planning tools. These tools allow projects to be planned in just minutes, instead of weeks. With role-based access, everyone, from employees to subcontractors, has the information they need to stay on track, making project execution smoother and faster.
A Foundation from Solapur University
Shivkumar credits much of his entrepreneurial journey to the education he received at Solapur University. The university’s focus on practical learning helped him develop problem-solving skills that became essential when launching Mytek Innovations. He was taught how to apply theoretical knowledge to real-world problems, which laid the foundation for the success of Mytek. He believes that hands-on learning and collaboration were key to his growth as an entrepreneur.
Visionary and Supportive
Shivkumar describes his leadership style as both visionary and inclusive. He strives to build a culture of trust and openness within the company. He believes in empowering his team members, encouraging them to innovate and take ownership of their work. By providing the right tools and support, Shivkumar ensures that everyone at Mytek can contribute to the company’s success. This culture of collaboration has been crucial for the company’s growth and its ability to adapt to challenges.
Core Values That Drive Success
At Mytek Innovations, the core values are trust, innovation, customer satisfaction, empowerment, continuous learning, and adaptability. These values shape every aspect of the company’s work. Trust is essential for building strong relationships with clients and team members. Innovation is encouraged, as it helps the company stay ahead of the competition. Customer satisfaction is always a priority, and the company works hard to ensure that clients get the best possible solutions. Empowering employees to make decisions and grow is key to maintaining a motivated workforce. Finally, adaptability helps the company stay flexible in a rapidly changing tech landscape.
Sustainability and Green Practices
Mytek Innovations is also committed to sustainability. The company has taken steps to reduce its environmental impact, starting with its own office. They use watersaving technologies and energy-efficient lighting to minimize resource use. Mytek also encourages clients to consider eco-friendly building materials and sustainable practices in their projects. The company is always looking for ways to help clients reduce their environmental footprints, whether through the use of recycled materials or digital tools that cut down on paper waste.
AI in Project Management: A Game-Changer
One of the most important innovations at Mytek is the use of AI for project management. The company’s AI tools help clients plan projects faster and more accurately, saving them time and money. Instead of spending weeks planning a project, Mytek’s platform can do it in just five minutes. This AI-based system reduces the chance of errors and makes sure that everyone involved in the project is on the same page. It helps all the stakeholders, whether clients, contractors, or subcontractors, stay informed and focused on meeting deadlines. The result is a more efficient project that is delivered on time, which ultimately helps clients save money and increase their profits.
Advice for Aspiring Entrepreneurs
Shivkumar’s advice for aspiring entrepreneurs is simple: keep learning, stay flexible, and never give up. He encourages them to focus on solving real problems and to always look for ways to improve their products or services.
