The
idea of Corpus Labs came out of the blue. The
entrepreneurial bug had been there for a while and
we always wondered about starting something in the
future”. This was when ‘Anto’ (’98 MSc Chemistry,
’02 ME Software Systems) was in his last semester of
ME and TAship. Faced with the question of the next
big step, the desire to go the entrepreneur’s way
came back with a vengeance. Thus Corpus Labs was
started.
Armed with no
business model or plan, Anto shared the idea with
some of his close friends, like-minded people. Very
soon Praveen Kumar Rondla (98’ Mech), Ramesh
Narayanan (’99 EEE), Bharath Pasupuleti (’99
Biological Sciences) and Vikas Malik (’97 Eco with
Chem, ’03 M.E Software Systems) agreed to give it a
shot. “Corpus Labs was started with the assumption
that we could do something positive as long as we
stuck together”.
The
team had worked together at the Centre for Software
Development (CSD) before Corpus. Did that matter?
“Working at the CSD
makes you feel like you’re a part of a software
development company with BITS as the client. That
creates a tremendous sense of independence. In fact,
as of now, CSD has proved to be quite an
entrepreneurial hub with 4 startups by its
ex-members and even more in the pipeline.”
The whole team knew
each other well from the various night-outs spent in
the cozy ground floor room in FD3 (S block). As a
result there were good work dynamics and more
importantly everyone knew the talents and weaknesses
of everyone else. This has certainly helped approach
the task of assigning roles and responsibilities
and, of course, as they readily admit “It’s always
fun when a bunch of BITSians get down to do
something together”.
The
difficulties they faced along the way.
“The first and
foremost difficulty we faced was the mindset that
‘middle class youngsters can’t run a business if
their life depended on it”. Armed with their degrees
from BITS, they had their paths chalked out in the
corporate world. They only had to nod and affirm. So
in many cases their parents were disappointed when
they chose the path less taken.
“The whole world
seemed to be at work to convince us out of this
‘madness and rash exuberance’ – as they called it.
To work with so much discouragement around you, even
before you start, was something unsettling.”
“Facing both the
emotional and professional pressure of being an
entrepreneur was something that took a lot of effort
to handle. But all this made it a real challenge.
The stakes were high and there would be no looking
back.”
“Thinking of it now,
the hurdles turned out to be small, but it was the
reaction of the world that wasn’t”.
I’m
sure you guys had some fears too.
“As
of fears and apprehensions, the first one was the
inevitable question of whether we would click or
not. As all founder partners of the firm are from
middle class backgrounds, failure meant heavy
consequences.”
Each rupee of
investment mattered and failure was not an option,
as the money would have to be repaid. To add to it,
the decision to start happened right at the end of
college, and they had no back up, financially and
otherwise.
“We have to confess
that we had no solid, in fact, no business plan at
all when we set off. We were branded as BITSians who
were wasting the BITSian tag. This was something
that we were determined to prove wrong.”
So what did your first order feel like?
“The first order that
Corpus Labs bagged was for their textile showroom
inventory management software, Vasthra. The
client was a textile retailer called Kutiappaa
Silks.”
“The expression on
our clients’ face when we approached him the first
time is still afresh in our memory. To say that we
felt like a bunch of novices would be an
understatement.”
However the hostility
soon gave way to acceptance as the prototype was in
sync with his requirements and the deal was inked in
a week’s time. The installation period was two
months and the software was completely operational
by then.
“As it coincided with
the opening of their new showroom, our first
installation itself was in the limelight. There was
simply no time and space for any slipups. On the
other hand, it helped our marketing team as many of
the key players of the segment were available at the
inauguration.”
Corpus has now
successfully completed one year of operation with
the client and the latter has signed on for an
annual maintenance contract. A just verdict for the
quality of their work.
So are
things looking up now?
“Things seem nice and
bright now. Having spent a good 16 months in
conceptualizing, developing and testing the company
and of course the products, we are now in the
process of branching out into other markets – both
national and international. Offices are also being
opened at other locations for marketing purposes. As
of now we are looking at Singapore,
Hyderabad and Cochin out of
which the Singapore office became operational in the
recent past.”
And
your future plans?
“We have been
concentrating on inventory management solutions and
hospital management systems so far. Both have
received several plaudits from the local markets. We
have also identified niche areas where we have
bagged a few clients. That should help us
conceptualize products in these segments.”
They are now focusing
on business intelligence and decision support
systems for various verticals. Addition of tax
consultants and chartered accountants to their team
has made them highly competitive in these domains.
So ‘divide and conquer’ seems to be the rule of the
Corpus game.
What do
you feel was the effect of BITS on your lives as
entrepreneurs?
“BITS has a system
that by itself makes it one of the best nurseries
for entrepreneurship. The BITSIAN system of ‘plan
and build your own life’ is one of the best sources
to nurture and build entrepreneurial thinking.”
“The participation of
some of the 'Corpuscles' (as we at Corpus Labs are
called) in the Central for Entrepreneurial
Leadership (CEL) motivated us and enabled us to have
discussions with some successful BITSian
entrepreneurs. It also helped fortify our
entrepreneurial aspirations.”
Some of them have
worked as TAs and the experience has been
invaluable. It meant that they got used to
presenting their work to large (usually bored)
audiences. This way there was no escaping the
quality of the presentations required to keep the
audience alive. TAship also taught them to
multi-task while forcing one to make the big
transition from one side of the writing desk to the
other.
Everyone on the
Corpus team fondly remembers and thanks Dr. VS Rao
for all his help and guidance both within and
outside CEL. Thanks are also due to Dr. B R
Natarajan, Ashish Bhinde and Anupendra Sharma.
Besides that, it comes unsaid that this firm owes a
lot to the CSD experience.
To contact them, email Anto at
anto@corpuslabs.com or Vikas at
vikas@corpuslabs.com. For more information on
their services -
www.corpuslabs.com.