From small office to IPO, Nitin Sachdeva makes it big at national stage
   Date :29-Apr-2024

Nitin Sachdeva 
 
 
 
By Niraj Chinchkhede
 
 
 
A distinguished entrepreneur with extensive experience in management consulting, agile coaching, and corporate leadership, Nitin Sachdeva has recently made a splash on the national scene with a successful IPO launch on the NSE Emerge platform. His company, delaPlex Limited, has driven transformative initiatives internationally and his efforts have significantly advanced data governance, security, business process automation, and supply chain optimisation. Thus, Sachdeva’s success story is really inspiring for entrepreneurs, especially the aspiring tech leaders who wish to make it big on the global map. The visionary leader behind the thriving software company has done his schooling from city’s St Francis De’ Sales High School followed by graduation from Hislop College. He also did his Chartered Accountancy course before setting up his first venture in a small space of 10x20 feet office in Mangalwari area along with two engineers. In less than a decade, Sachdeva’s company rose to a level where he is eyeing acquisition of software companies in different parts of the world. In an exclusive interview, Sachdeva told ‘The Hitavada’ how he managed to achieve his goals and also shed light on some of the business mantras he followed. “We invested in our team, streamlined processes for efficiency, and embraced emerging technologies to lead disruption effectively,” he said.
 
Sachdeva said, “A highly motivated and committed team was the backbone of any business enterprise. We actively promote teamwork, open collaboration, and communication to spark creative problem solving. Our adherence to SAFe Agile methodologies and industry best practices ensure processes are not only efficient but also highly scaleable. Additionally, a significant change has been the disruptive emergence of digital technologies like AI, IoT, cloud computing, and data analytics. To stay ahead, we strategically established Centers of Excellence focused on cutting-edge domains such as Supply Chain, AI, and Big Data Analytics, enabling us to rapidly integrate advanced solutions and deliver the latest tech breakthroughs to our clients,” he said, highlighting that a team of more than 300 persons are working in the company at various locations including Pune, Hyderabad and Bengaluru.
 
Recently, delaPlex’s SME IPO on NSE Emerge was oversubscribed by an astonishing 177.8 times - a resounding testament to the immense trust and confidence investors and clients placed in the robust capabilities, strong market position, and operational excellence of the company. Managing Director of the company which posted a half-yearly profit of Rs 6.24 crore recently, Sachdeva is not only a successful entrepreneur, but also an inspiration to aspiring business leaders of the region. For entrepreneurs in Central India, Sachdeva said they should embrace continuous learning, build a robust network, and stay current with market trends. “Focus on problem-solving and value creation for sustainable growth and innovation,” Sachdeva said remembering his association with TiE, the global entrepreneurship organisation.
 
Sachdeva had led the Nagpur Chapter of TiE for more than four years. “My association with TiE gave me a much needed confidence besides providing me a wide network of entrepreneurs, professionals and investors,” he said. When asked to express his views on growth of the region, Sachdeva said Central India’s technology ecosystem is witnessing remarkable growth and evolution, with increasing Government support, robust infrastructure development, and a burgeoning talent pool. “The region is rapidly emerging as a hub for innovation and entrepreneurship. However, focused efforts are needed to nurture this ecosystem further, facilitating access to resources, mentorship, and funding opportunities for aspiring entrepreneurs and startups to fully unlock its potential,” he observed. Sachdeva actively supports entrepreneurship development in Central India, mentoring and investing in various sectors, including education, supply chain, big data, and AI solutions. He also collaborates with multiple global venture capital firms and seed funds as an investor and mentor.