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Team members are the most essential ingredient to making it work

How to build a strong team and enable scaling of the company

Abhishek Humbad
Founder, Next Gen
  • Company

    Next Gen

  • Business

    Tech/Carbon Accounting

  • Founded

    2009

  • Headquartered

    Bangalore

  • Founders

    Abhishek Humbad & Richa Bajpai

THE COMPANY

Richa and Abhishek, IIM-B classmates, started NextGen in 2009 to offer consulting in the green sector. NextGen is a sustainability management company and initially offered services in carbon accounting. They also have a patented technology for a reactor that breaks down 900 varieties of organic waste into fuel, and can be used to power telecom towers at low costs.

THE CHALLENGE

The entrepreneurs found their biggest challenges in building a team of passionate team players. They wanted entrepreneurial individuals who “possess the grit to work in rural and tribal areas where are our plants are located,” co-founder Abhishek Humbad said.

THE SOLUTION

NEN founder Laura Parkins advised Richa and Abhishek to hire individuals who were in for the long haul, and to set clear expectations. “What we learnt was to look for passion and to see if that passion is sustainable,” co-founder Richa Bajpai said. Richa was also mentored by NEN’s experts who advised her to hire people who believed in her vision and had the same work ethic. “We learnt that team members should possess the right attitude and should be geared to advance the business.” Richa said.

NEN also helped the founders incubate their venture at NS Raghavan Centre for Entrepreneurial

Learning (NSRCEL) at IIMB. The non-profit also provided support with networking which in turn helped them acquire clients. Laura was also engaged with the founders through their business plan and on-ground plans creation processes.

Outcomes

  • Customer have grown by 50x
  • Bootstrapped with minimal amount of 50,000. Now in the range of a million dollars
20122014
Capital50k
Employees240
Customers50