Aiding the Digital Transformation: Nihit Bansal, Founder and CEO, Momentum Controls Software and Services The technology industry, according to Bansal, is the fastest changing marketplace today

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Nihit Bansal, Founder and CEO, Momentum Controls Software and Services

Nihit Bansal is the founder & CEO of Momentum Controls Software and Services which is a niche global technology firm primarily focused in communication technologies, which are core to the digital transformation. These technologies are the major drivers in bringing various industry use cases to life such as smart ecosystem, IoT, AI driven applications, Industry 4.0 etc. Says Bansal, "As an organization we are not only committed to enable these technologies but also to develop, deploy and manage various solutions that drive adoption in the form of such industry use cases."

Bansal further emphasizes that the company's larger vision is to work on technological initiatives that are for the betterment of overall society. Connectivity today is the lifeline of society and COVID times were a testament of it. Our offerings are making the networks globally bigger and better, ensuring the level of resiliency, capacity and performance needed to support the digital wave. We are also contributing significantly to building the smart infrastructure ecosystem that is improving the accessibility and reach of various services such as Smart Transportation/ Cities / Healthcare / Education, Sustainability etc."

The technology industry, according to Bansal, is the fastest changing marketplace today. "Given we help our customers to stay relevant in such an environment it is more important for us to look inwards and ensure we are ahead of the curve. At the inception itself we established a Chief Value Officer role in our organization driving our FAST (Fulfilment, Assurance, Support and Transformation) methodology of running business. Our FAST approach ensures : Proactiveness, agility and flexibility in service delivery Readiness with deep technology skills Profound industry knowledge Talent fulfilment, management and evolution Continuous improvement and transformation."

The biggest challenge is to be able to continuously deliver real value to our customers in various engagements, as per Bansal. "To add to the complexity, the value proposition is not the same for everyone or every time and is generally a combination of multiple aspects such as Quality, Capability, Innovation, Cost, Flexibility, Agility, Scalability, Transformation, etc. Our FAST model has really been the success factor in overcoming this."

Momentum is a profitable bootstrapped organization. "We were always clear that we want to build a profitable business, as all the good initiatives we have talked about are possible only if you can fund them well. We were profitable from the 2nd year of operations itself and continue to make decisions that are imperative to ensure profitability," shares Bansal.

So, what are company's plans in the future, "We strongly believe in sustainable growth and have not fallen into the trap of saying yes to every business that comes our way and neither adopting a 'Spray and Pray' Go-To-Market approach. We are building very strong and strategic partnerships that are deeply invested on both sides. From numbers standpoint, the business has been doubling for us every year and we will continue to see at least over 50%+ YoY growth for the next two years," concludes Bansal.

TECH SPECS:

•Year of inception: Feb, 2021 (Group - 2007)

•No. of employees: 75+ (Group – 200+)

•Revenue for FY 2022-23: Multi-Million Dollar

•External funding received so far: Bootstrapped

•Major clients: Tier 1 Technology companies and Enterprises based in USA and Europe (>B$ enterprises)

•Any IP developed/patented: AI and AR/VR based platforms in works

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Franchise

Turn Your Passion for Pets into a Business with a Wag N' Wash Franchise

Wag N' Wash is a store where pets can be cherished every day by feeding, washing, and spoiling them just how they like it.

Business News

The FTC Is Readying a Case Against the Largest U.S. Apartment Landlord. Here's Why.

The issue is with fees that allegedly weren't disclosed in advertisements for rental units.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Business Culture

What Every Business Leader Can Learn From Dutch Bros' People-First Culture

The coffee chain is turning employees into owners of the customer experience.

Growing a Business

How Meta Generated $32 Billion in Ad Revenue Last Quarter — and How You Can Create Million-Dollar Weekends Using the Same Strategies

Meta's staggering $32 billion quarterly ad revenue isn't just about size; it's about strategy, systems and execution as well.