In only a year after joining Mytek’s platform, revenues of subcontracting firm Pavan Infra have soared 4X. Pavan Infra, founded in 2022, had a modest turnover of Rs 40 lakh in its first year in 2022-23. After listing on Mytek, the company’s revenues surged to Rs 1.82 crore in 2023-24.
Similar was the case with construction and infra company DJ Cons, which saw its revenue skyrocket from Rs 11.25 lakh in 2021-22 to Rs 4.50 lakh in 2022-23. Ansia technology also saw revenues jump from just a few lakhs to Rs 3.5 crore in 2022-23. These growth stories highlight the transformative power of Mytek’s digital platform in driving substantial business growth.
Mytek’s platform offers businesses in growth phases, a set of strategic tools to transform their business operations. AI-powered project planning, real-time alerts, seamless cash flow management, automated JMR generation and role-based invoicing are some tools that businesses can use. These features have enabled businesses like Pavan Infra, DJ Cons, and XTEN to concentrate on growth.
Over the last couple of years, Mytek Innovations has been revolutionising the infrastructure sector with its groundbreaking digital platform and setting new industry standards. Reflecting on this transformative journey, Shivkumar Borade, CMD of Mytek Innovations, said, “Pavan Infra’s success epitomises why we built this platform—to empower contractors, subcontractors, and suppliers with the tools they need to thrive. Their growth showcases digital technology’s transformative power in the infrastructure industry.”
Catering to the B2B and B2C segments, Navi-Mumbai headquartered Mytek Innovations was founded by Shivkumar Borade and Ashwajeet Wankhede in 2020. The company’s unified platform enables seamless business activities across multiple formats.
Mytek Innovations is committed to helping contractors, subcontractors, and suppliers elevate their businesses. Contractors have been able to manage projects effortlessly, efficiently, and on a scalable level. Designed to streamline operations for businesses, Mytek’s platform leverages AI-driven project management tools and financial automation to allow businesses to focus on growth, leaving the complexities to Mytek.
It is able to ensure sales with minimum customer acquisition costs and delivers the highest level of operational efficiency to drive performance and productivity. The platform helps timely delivery with real time data which helps customers stay on top of projects and also helps with simplified invoicing.
With an aggressive growth strategy in place, Mytek Innovations aims to more than triple its order book by FY25. The company clocked orders of 251 at the end of FY25, and now aims to close FY25 with a robust order book of 729. The strong inflow of orders will also help the company rake-in targeted revenues of Rs 320 crore at the end of this fiscal, as compared to revenues of Rs 10.5 crore at the end of FY24. Mytek Innovations has been consistently working on increasing its order pipeline over the years.
Author Profile
Latest entries
- Press ReleasesDecember 3, 2024Next-Gen Fraud prevention startup RaptorX.ai Rs 4cr in pre-seed round from marquee investors
- Press ReleasesDecember 3, 2024Kiko Live crosses half million milestone orders for kirana stores on ONDC
- Press ReleasesNovember 26, 2024POP partners with Team Innovation and BookMyShow to offer exclusive Karan Aujla tour tickets for YES BANK POP-CLUB credit cardholders.
- Press ReleasesNovember 19, 2024DesignX Raises $1 Million Pre-Series A funding from Piper Serica Angel Fund to Disrupt $34 bn DFOS market in Manufacturing Industry
Add a Comment
You must be logged in to post a comment