Germination of VMukti

Addressing a technology summit in Mumbai four years ago, Dr. APJ Abdul Kalam, The President of India, put forth a challenge among 1,500 delegates to develop convergence technology at the lowest possible cost. This caught the fancy of Hardik Sanghvi, a young entrepreneur in the audience. He researched and eventually developed an open source high-definition communication platform that saves 80% bandwidth consumption at one-tenth of the cost of ownership of existing technology.

Sanghvi began his entrepreneurial innings with Adiance Technologies, an inbound call-centre operation, in 2003. But he was looking at bringing in more value-addition to the technology space. VMukti was the result of that desire and conceptualized in September 2005, with proof-of-concept launch in April 2006.

About VMukti

VMukti is an open-source, cloud-based HD video communication platform. VMukti is an emerging product-related software company targeting the US$50 billion video communications industry, with the potential to save clients 80% on bandwidth and storage infrastructure via state-of-the-art client and server-less, broadband-ready platform features.

VMukti received seed funding from CIIE at IIM Ahmadabad (India) in September 2007, supported by Georgia Entrepreneurs Society and boasts a development team spread across seven countries, representing the best expertise in their respective fields. Two of VMukti’s existing pilots are with Fortune 500 companies. VMukti offers three primary product verticals: Streaming, Conferencing, and IP-PBX.

VMukti’s presence in 7 countries, 2 Fortune 500 PoCs, 160,000+ products downloads, 5400+ users’ community, 40 Partner network worldwide including Microsoft & Intel.

VMukti was among 12 short-listed product companies to be showcased to the CIOs at the NASSCOM Product Conclave 2009. VMukti recently recognized as one of the top 50 Emerging companies of India by NASSCOM. VMukti is one of the few products to become NASSCOM 100 IT Innovations twice; Also, ISBA 2008 Best Incubatee in ICT Industry award Winner, Red Herring Asia 100 Finalist; Twice Sourceforge Community Choice Award finalist; Reviews by TechCrunch, ITWire, CNBC, Economic Times, Indian Express, and DNA.

Vision of Company

VMukti is trying to target the US$50 billion video communications industry and the country's private education market which is worth nearly Rs 10,000 Cr.

Today, VMukti product exists across many industries—including financial services, high-tech, healthcare, pharmaceutical, manufacturing, government, and management consulting—and support every stage of both customer and product lifecycles.

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