Who is Abhishek Kumar? Man who once worked as security guard, now owns business empire worth Rs 1090000000, his company is...
Abhishek Kumar, an IIT Kanpur graduate and former Goldman Sachs executive, put in 14-hour shifts as a security guard—not out of need—but to conduct thorough, first-hand research into the challenges of the security guards employed within gated communities so that he could grasp the complexities of their problems from the ground level. Abhishek's venture was all about the research, not the salary.
'In 2016, IIT grad & ex-Goldman exec Abhishek Kumar became a security guard working 14-hour shifts. That experience of understanding pain points led to his creating MyGate: now in 25,000+ communities, 100M+ check-ins/month,' the chairman of RPG Enterprises Harsh Goenka posted on X.
He added, 'Moral: To build for others, first walk in their shoes.'
MyGate was co-founded in 2016 by Abhishek Kumar, Vijay Arisetty, and Shreyans Daga. The app-based platform manages visitor access, security, maintenance, housekeeping, and other daily services in residential communities. As of today, MyGate serves over 4 million residents across over 25,000 housing societies in India, managing more than 100 million check-ins each month.
In 2022, the company raised ₹100 crore in a funding round co-led by Urban Company and Acko.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
39 minutes ago
- Hans India
Meta's Mega AI Push: Ex-OpenAI and Apple Researchers Join Superintelligence Lab with Rs 1600 Cr Offers
In a bold move that's shaking up Silicon Valley, Meta has gone all in on artificial intelligence — not just with tech, but with talent. CEO Mark Zuckerberg has launched an all-out recruitment offensive to build a dream team under the newly formed Meta Superintelligence Lab (MSL), offering compensation packages that rival the highest in corporate history. Among the eye-catching figures is the reported Rs 1,600 crore (around $200 million) package extended to Ruoming Pang, a top AI researcher from Apple, who is now part of Meta's ambitious AGI efforts. This follows the Rs 800 crore ($100 million) offer reportedly accepted by Trapit Bansal, an ex-OpenAI scientist and one of the key contributors to the company's o-series models. These staggering offers are said to include salaries, signing bonuses, long-term stock grants, and vesting options, placing them on par with — or even above — CEO compensation at top global banks. While Meta hasn't officially confirmed the figures, the hiring spree is real. The Meta Superintelligence Lab, launched earlier this month, is led by former GitHub CEO Nat Friedman and ex-Scale AI CEO Alexandr Wang. Since its inception, the lab has already brought in at least 11 elite researchers, poached from the likes of Google DeepMind, Apple, Anthropic, and OpenAI. High-profile names include Lucas Beyer, Xiaohua Zhai, Jack Rae, and Johan Schalkwyk from Google, along with Ji Lin, Shengjia Zhao, and Jiahui Yu from OpenAI. These strategic hires are central to Meta's larger vision of developing Artificial General Intelligence (AGI) — AI systems capable of human-level cognition, reasoning, and learning. The company's renewed focus on AGI comes after what Zuckerberg reportedly considered an underwhelming response to Meta's Llama 4 model earlier this year. But Meta's investment in the future of AI doesn't stop at talent. On Monday, Zuckerberg revealed a sweeping plan to build one of the world's largest AI infrastructures. At its core is a new 'AI data supercluster' called Prometheus, expected to go live by 2026. Prometheus is just one of several 'multi-gigawatt' compute clusters in development, alongside another major system named Hyperion, which will eventually scale up to 5 gigawatts. To speed up deployment, Meta is even building temporary AI data centers in industrial tents, a move reminiscent of Elon Musk's tent-based Tesla production during the Model 3 era. These makeshift facilities, fitted with prefabricated cooling systems, are designed to get new models online quickly — even if that means temporary shutdowns during peak summer heat. The company is also pouring $14 billion into Scale AI to ensure access to premium training datasets — a crucial component for advancing AI models toward AGI. Meta's unprecedented salary packages, infrastructure expansion, and elite hires send a clear signal: Zuckerberg is serious about leading the next frontier of AI.
India Today
an hour ago
- India Today
Why Rs 12 crore didn't make this man happy? Investment advisor explains
We all think that having more money will make us feel happier. But sometimes, the reality is very different. Abhishek Kumar, a Sebi-registered investment adviser, shared a story about an acquaintance that shows us why money alone is not wrote on LinkedIn, 'Thinking that hitting 12 Cr net worth would feel amazing. It might not. Atleast to an acquaintance who made his wealth with: No windfall. No inheritance. No big onsite job. Just 15+ years of grinding.' advertisementYet, despite this accomplishment, the individual felt a surprising lack of pride and excitement, instead experiencing a peculiar emptiness. Abhishek shared, 'He felt: No pride. No excitement. Just a weird emptiness.'WHEN MONEY LOSES ITS CHARM By the time he turns 45, this man finds his body worn out with scars left by corporate stress, which seems to have dulled the joy derived from his financial status. "Wealth without health feels hollow," Abhishek noted, suggesting that the relentless pursuit of financial goals often overlooks personal the individual stopped valuing material purchases, finding that the thrill from such acquisitions fades rapidly. Meanwhile, Abhishek expressed that "net worth goals are like video game levels," with each unlocked level offering only a fleeting sense of achievement. The individual wasn't stingy. He took holidays, spent time with family and made memories. But flashy purchases just stopped meaning much to him. Long hours and work stress had left him drained. Worse still, he felt no real connection to the money he had PRIORITIESLooking back, the individual realised that chasing money cost him his peace of mind. He realised that managing stress should have taken precedence over optimising Systematic Investment Plan (SIP) more surprising, the man doesn't even enjoy investing now. 'Money won't fix your relationship with money,' Abhishek A BALANCEDespite this narrative not being a tale of regret, it underscores the importance of balance over blind financial in his post advised, "Balance > Blind accumulation," aiming to alert others to the potential sacrifices made in the unyielding quest for financial security, and advocating for a more holistic approach to life and put, while money is important, it should never come at the cost of health, peace or time with family. After all, true wealth is about living well, not just saving big numbers in your bank account.- EndsTune InMust Watch
Indian Express
an hour ago
- Indian Express
IIT Guwahati launches MTech in Flood, Water Resources management; no GATE score required
IIT Guwahati launches MTech: The Indian Institute of Technology (IIT) Guwahati today announced introduction a new Master of Technology (MTech) programme in Flood and Water Resources Management. Offered by the Department of Civil Engineering, the programme is aimed at working professionals and graduates with at least one year of experience in the water resources sector. The programme will be conducted in a hybrid format, combining online instruction with laboratory sessions and final examinations held on the IIT Guwahati campus. The MTech program follows a semester-based system and covers areas such as integrated and sustainable water resource management, flood risk assessment, hydrological modeling, and climate adaptation strategies. The curriculum is designed to be flexible, allowing participants to balance their professional commitments while pursuing higher education. The programme also includes multi-entry and multi-exit options. Students can exit with different certifications depending on their stage of completion: a Postgraduate Certificate after four courses, a Postgraduate Diploma after seven courses, a Master of Science (Engineering) after two semesters and 10 courses, and the full MTech degree after completing all four semesters and a capstone project. Those exiting at interim levels can rejoin after a one-year gap to complete the full programme. Application and admission details Applications for the inaugural batch are open until July 31, 2025. Classes are scheduled to begin on August 18. Candidates must have a four-year Bachelor's degree (or equivalent) in Civil or Agricultural Engineering or related disciplines with at least 60% marks or a 6.0/10 CPI, along with one year of professional experience in the water resources sector. Notably, a GATE score is not required. Career opportunities and skills Graduates will be trained in tools such as GIS, remote sensing, hydrological modeling, and flood forecasting. They will be equipped to work in government agencies, international organisations, consultancy firms, and research institutions focused on climate resilience and sustainable water systems. The programme aims to develop professionals who can implement adaptive water resource management strategies in the context of climate change. Earlier this year, the Water Resources Department of Assam signed an MoU with IIT Guwahati to nominate 20 engineers annually for the MTech program. The initiative is part of a larger project led by the Assam Flood and River Erosion Management Agency (FREMAA) and supported by the World Bank. The goal is to train over 200 engineers in the next decade to strengthen Assam's flood management systems.
