Latest news with #SatyamKumar
India.com
4 days ago
- Science
- India.com
Meet India's youngest IITian, cracked IIT-JEE at 12, earned PhD at 24, his name is..., now working as...
Satyam Kumar became India;s youngest IITian when he cracked the IIT-JEE exam in 2012. (File) Youngest IITian: At the tender age of 12, when most kids are still trying to learn arithmetic in middle school, Satyam Kumar, a child genius from a tiny village in Bihar, earned the distinction of becoming the youngest student to clear the IIT-JEE, one of the toughest entrance examinations in the country, securing an All-India Rank (AIR) of 8137. However, the child prodigy was not content with his performance and attempted the exam again in 2013, this time bettering his rank to 670, and becoming youngest IITian in the country's history. Who is Satyam Kumar? Born in a farming family on July 20, 1999, in Bakhorapur, an unassuming little village in Bihar's Bhojpur district, Satyam Kumar displayed his academic brilliance since an early age. His genius-level intellect caught the attention of a family friend who convinced Kumar's father to send the child to coaching hub Kota in Rajasthan to prepare for the IIT-JEE examination. How Satyam Kumar became India's youngest IITian In 2012, Satyam Kumar scripted history when he cracked the IIT-JEE in his very first attempt, achieving an AIR of 8137, becoming the youngest-ever IITian in history. The genius boy attempted the test again in 2013, and improved his rank to 670, scoring an impressive 292 out of 360 marks. Satyam was just 13 at the time, thus surpassing the previous record holder, Sahak Kaushik, who had achieved the feat at the age of 14 in 2010. What is Satyam doing now? After acing the IIT-JEE, Satyam Kumar earned his way into the prestigious IIT Kanpur where completed a BTech-MTech Dual Degree in Electrical Engineering. Later, at the age of 24, Satyam earned his his Ph.D. at the University of Texas, in Texas, United States, and is now working for a US-based tech major. According to his LinkedIn page, Satyam Kumar previously interned at Apple as a Machine Learning Intern, and is currently working as a Machine Learning Systems Research Engineer at Texas instruments.
Time of India
5 days ago
- General
- Time of India
Earthen check dams in forest to prevent nilgais from entering human habitation
1 2 Daltonganj: The Medininagar forest division has decided to build earthen check dams in the forest areas to prevent Nilgais from entering into human habitation. Nilgais have in the past ruined vegetable cultivation in the Palamu district. Palamu's north is bordered by the Soan river and Bihar, and Nilgais come in abundance from the Soan riverine areas of Bihar. Earthen check dams are being built in the protected forests by the forest department. Medininagar forest division's divisional forest officer, Satyam Kumar, said, "Nilgais enter human habitation mainly for two things: food and water. If they are made available to them, we understand their herd will hardly move towards human habitation and their cultivation." At Loinga, a protected forest has seen the construction of an earthen check dam costing over Rs 7 lakh, with water levels reaching 12 to 13 feet. There is a live stream pouring into it, and a spillway to discharge 'beyond capacity water'. A member of the Van Samiti Loinga, Ayodhya Yadav, said, "Come evening, and there will be scores of Nilgais here drinking water from this check dam." Its embankments have stone and boulder pitching to prevent erosion or cutting of the earth during heavy rain. "Grasses have been grown to further strengthen the stone and boulder pitching," added ranger (afforestation), Ajay Toppo. As for the feed of the Nilgais, more vegetation is being planted in the forests of the MFD. DFO said, "We are raising grasslands with palatable grasses for the feed of the herbivores." There are locations in the Palamu district where stone quarry operators have damaged the underground water table, said sources in the forest division here. Dry days and nights in the jungles of Palamu see the straying of animals, mostly deer, as deer hardly bear the pangs of thirst. For water, they risk coming to human hamlets, where they are chased and mauled by packs of pariah dogs, leading to the death of deer in 7 out of 10 cases of straying, said forest sources.
Time of India
10-07-2025
- Time of India
Forest staff attacked by land encroachers in Daltonganj during eviction drive, 2 hurt
D Tired of too many ads? go ad free now altonganj: Encroachers of forest areas at Bansi Khurd on Wednesday night attacked forest personnel. A forest office driver, Deo Sharan Mahto, was hurt in the head and lower jaw. Civil surgeon Dr Anil Kumar Srivastav said, "The injured forest driver is admitted at the MMCH in Daltonganj. His condition is stable." Another forest staff, who sustained injuries, was discharged after first aid. Divisional forest officer of Medininagar forest division, Satyam Kumar, said, "The forest land encroachers have prevented govt personnel from discharging duties and harmed them. We have drawn a case of severe offence against the attackers under our Forest Act." Sources said with the help of the tractor, the encroachers were tilling the jungle land for the rainy season crop cultivation. The incident took place late in the evening on Wednesday. About two months ago, at least five forest personnel were attacked and injured by a mob of people who were lured to attack the forest team by the network of the illegal stone quarries and crushing plants' owners under the Chhaterpur police station limits. Sources said during the time of the DFO, Satyam Kumar, forest teams have stepped up their drive against the abuse of forest land and illegal stone mining. Sources said the forest department is conducting drives against illegal stone mining which had led to depletion of the underground water table besides destruction of forests. Officer in charge of the Manatu police station, Nirmal Oraon, said one forest guard, Sanjay Lakra, lodged the FIR against 15 named accused. Tired of too many ads? go ad free now A sub-inspector of police of Manatu police station, Anish Raj, said out of the 15 named accused, around half a dozen of them are women. The encroachers used the women as a human shield. Police have drawn a dozen sections of the BNS along with section 33 of the forest act. Sources said when the forest team was under attack, the Manatu police rushed to the team and brought them back without more adverse effects. Police officer Nirmal Oraon said if the forest team had informed us in advance about their late evening raid on the encroachers of the forest land, this incident could have been averted.
Entrepreneur
05-06-2025
- Business
- Entrepreneur
LoanTap Raises INR 74 Cr to Expand MSME Supply Chain Financing
The pre-Series C round was led by July Ventures with support from existing investors, and INR 20 crore was additionally raised through venture debt. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fintech lender LoanTap has raised INR 74 crore in a pre-series C funding round to strengthen its supply chain financing operations. The round includes INR 54 crore in equity funding led by July Ventures, with continued support from existing investors including 3one4 Capital, Avaana Capital, Kae Capital, and the Swapurna Family Office. An additional INR 20 crore was raised through venture debt to accelerate the company's offerings for small retailers. The newly raised capital will be deployed to expand LoanTap's invoice financing and trade credit solutions across India's MSME sector. These funds will be channeled through its proprietary LTFLoW platform, supporting LoanTap's mission to provide seamless credit access to over 4 lakh merchants via its AfterPay network. Satyam Kumar, CEO and Co-founder of LoanTap, commented, "India's MSME sector is undergoing a massive transformation, and we plan to use this momentum to double down on invoice financing, an area we see as a powerful enabler for MSME growth across India. Our proprietary BICRI tool enables distributors to assess and extend business credit, creating a dual engine of capital access and credit readiness." Founded in 2016 by Satyam Kumar and Vikas Kumar, LoanTap has evolved into a full-stack digital lending platform offering a wide array of financial products including personal loans, business loans, gold loans, home loans, and loans against mutual funds. In 2023, it acquired Unofin, a healthcare-focused fintech, to enhance its reach in healthcare financing and also raised INR 24 crore in debt from Lighthouse Canton. The firm's focus on supply chain financing has made LT Credit a key player in providing trade credit to small retailers, particularly in grocery and pharmacy sectors. With over 50,000 retailers onboarded and INR 1,000 crore disbursed against more than 4.5 lakh invoices, LoanTap now aims to fund 1 million invoices over the next year with average ticket sizes between INR 8,000–INR 15,000. LoanTap's BICRI (Business Indicator for Credit Ratings in India) engine is at the core of this strategy. It delivers an alternative, transparent creditworthiness assessment by integrating with B2B platforms and enabling distributor-led financing—critical for closing India's INR 33.2 lakh crore MSME credit gap. A spokesperson from July Ventures said, "LoanTap's technology-first, embedded credit approach aligns perfectly with our thesis of backing category-defining platforms. Their integration of ecosystem knowledge with BICRI makes them a strong contender to address India's vast MSME credit shortfall." With this capital infusion, LoanTap is poised to continue empowering India's small businesses through smart, scalable credit solutions.
Time of India
05-06-2025
- Business
- Time of India
Loantap secures $6.2 million in fresh funding from July Ventures and existing investors
With this, the total capital raised by the company stands at around $45 million. The fundraise comes at a time when the broader digital lending sector is facing headwinds due to regulatory tightening and a cautious stance from banks and large non-banking finance companies. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Pune-based digital lending platform Loantap has raised $6.2 million in fresh equity funding led by July Ventures . Existing investors 3one4 Capital, Avaana Capital, Kae Capital and the Swapurna Family Office also participated in the this, the total capital raised by the company stands at around $45 fundraise comes at a time when the broader digital lending sector is facing headwinds due to regulatory tightening and a cautious stance from banks and large non-banking finance company has pivoted from consumer lending to serving small businesses, such as pharmacies and neighbourhood stationery stores. Over the past two years, it has significantly scaled down its unsecured consumer lending book. At its peak in FY23, the company managed a portfolio of Rs 340 crore, which has since been halved.'We have stopped doing balance-sheet based consumer loans. We are only sourcing consumer loans for our NBFC partners and are primarily focused on small merchant loans,' said Satyam Kumar, cofounder of Loantap. According to Kumar, the company's consumer loan book, currently managed by partner lenders, stands at approximately Rs 350 was founded in 2016 by Kumar, a former senior executive at IndusInd Bank , and Vikas Kumar, who previously cofounded SME Kumar, who was also Loantap's chief technology officer, reportedly passed away in an accident in Bengaluru on April 30. The company is now looking to elevate a senior executive to the role of cofounder and appoint a new CTO from within the existing technology is currently focused on offering credit lines to small retailers, most of whom have annual turnovers below Rs 20 lakh. These credit lines are typically used to pay distributors. The company uses short-form video content and social media outreach to acquire these merchants, and now operates across 26 cities.'We are currently disbursing around Rs 600 crore in loans annually, with about 50,000 active retail customers. Our target is to reach Rs 900 crore in disbursements by FY26,' Kumar lending, the company has developed a proprietary software stack to help financial institutions originate and service small retailers. This middleware solution is already being used by three partner closed FY24 with revenue of Rs 67.5 crore and a net loss of Rs 12.7 crore.
