Ajath Anjanappa

Co-Founder at Fabits. Stress-free Investing. Crafted for You.
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Contact Information
us****@****om
(386) 825-5501
Location
IN

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Larry Bethel

Ajath possesses the unique capabilities of being both technically minded and creative/open minded. His calm demeanor belies his passionate initiative. He is the type of person that always exceeds expectations on any project that he is working on, anticipates follow up questions and answers them proactively and delivers eloquent solutions to complex problems. He has the mind of an entrepreneur with the personality of a consummate team player. I thoroughly enjoyed working with Ajath, as he pushed me and the rest of the team beyond our comfort zone, which allowed us to achieve results we hadn't considered possible. Always a high performer with a high ceiling that delivers the numbers.

Victor Angle

Ajath and I worked together at Hill-Rom for 4 years in Global Sourcing. Hill-Rom is a major manufacturer of Hospital Beds world wide and Ajath was part of the team that supported manufacturing around the globe. Healthcare devices exist in a heavily regulated space that places heavy demands on the supply chain. Hill-Rom was a fast paced lean manufacturing environment with emphasis on low cost and just in time deliveries for direct materials and components while maintaining the highest possible quality. Ajath is hard working, intelligent and personable with good leadership skills. His global experience and work experience in a number of fields will make him a strong candidate for a wide variety of positions.

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Experience

    • India
    • Financial Services
    • 1 - 100 Employee
    • Co-Founder
      • Aug 2022 - Present

    • India
    • Financial Services
    • Partner
      • Feb 2021 - Present

    • India
    • Software Development
    • 1 - 100 Employee
    • Chief Revenue/Operations Officer
      • Apr 2020 - Jul 2020

      • Part of 3-member core team building a SaaS mobile digital and analytics platform that offers a complete work management solution with the configuration capability to adapt to various industries thus enabling quick and effective digital transformation • On boarded clients across agriculture, BFSI, manufacturing and FMCG, enabling productivity by 23% and expecting ROI within 16 weeks 1. Visualizing, Defining & Pptimizing value chains (manufacturing to delivery) 2. Digitizing value chain & bringing various stakeholders on an agile digital platform 3. Automating reports & data visualization to enable prescriptive & predictive data analysis • Defined & prioritized product specifications along with the technical teams to enhance product capabilities • Define product roadmaps and features to broaden product functionality and to help in upselling the product to existing customers

    • India
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • General Manager (Head of all Verticals and Reported to the Board of Directors)
      • May 2017 - Nov 2019

      A Start-up Electronics Back Integrated Semi Automatic 50,000 sq ft Manufacturing Facility - Lighting, Solar and EV • Defined and led company strategy, business model, operations, sales and marketing with full responsibility for financial performance; INR 11.8 Cr turnover in the first year with positive EBITDA • Led consumer research and product portfolio development & innovation to introduce solar and EV product solutions, resulting in product diversification and contributing 10% of the revenue • Created a business plan and secured a INR 3 Cr working capital line of credit and INR 2.5 Cr capital subsidy and reimbursement from the Government of India • Developed IoT based lighting solution and platform to enable automized and digitized lighting experience for the customer • Implemented quality systems and defined processes based on lean six sigma frameworks, achieving less than 0.1% field return defects. Created cost centers within the organization for better performance, quality, inventory optimization and costs. • Introduced new product development process based on waterfall and agile concepts and defined R&D road maps resulting in highly differentiated product offerings for top 5 lighting brands • Successfully led quality audit processes for ISO certification and customer audits • Executed a digital marketing plan to create brand awareness and to identify customers for export orders

    • Management Consultant
      • Jan 2016 - Jan 2018

      • Provided advisory services to SME manufacturing companies in South India. This involved four major services – manufacturing consulting, technology consulting, product management and sales & marketing plans. Below are my three major clients: • Provided advisory services to SME manufacturing companies in South India. This involved four major services – manufacturing consulting, technology consulting, product management and sales & marketing plans. Below are my three major clients:

    • India
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • Product Strategy and New Market Expansion: Independent Consultant
      • Dec 2016 - Dec 2017

      30-year-old lighting manufacturing company with a strong brand equity in public sector organizations and government public works. • Diversified their product portfolio to include indoor LED products to cater to the growing demand of retail and private sector projects thus resulting in revenue growth of 23% in the first year. • Optimization of products and BOM cost by identifying alternative sources and consolidation of vendors resulting in 9% increase in gross profit. • Upgraded manufacturing facility to include testing lab and electronics manufacturing thereby increasing utilization of existing facility, reducing the dependence on vendors and increasing the gross profit by 21%. • Hired and trained personnel for quality, production and purchase in JIT, Lean and 5S concepts.

    • India
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • Greenfield Project : Independent Consultant
      • Jun 2016 - Mar 2017

      Mahabell Industries India Pvt. Ltd. Mahabell Industries, a sister concern on Online Instruments, aimed at making a foray in electronics manufacturing. • Designed, planned and executed a green field 50,000 sq ft back-integrated semi-automatic manufacturing set up to support customer product line and volumes within a 77% of the overall budget of INR 12 Cr. This is considered one of India’s best SME LED manufacturing set-ups. • Advised the board on investment structure, product strategy, portfolio planning, and GTM strategy • The project included transformer manufacturing, electronics manufacturing, product assembly and packing and state of the art test and R&D lab thus making sure 90% of the product was manufactured in-house leading to better control over costs, quality and delivery • Introduced and liasoned on behalf of the company for necessary approvals of government schemes – Modified Special Incentive Package Scheme (M-SIPS) and Export Promotion Capital Goods (EPCG) which resulted in saving of about INR 1.7 Cr in customs duty and 25% capital investment refund.

    • India
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • Factory Expansion: Independent Consultant
      • Jan 2016 - Nov 2016

      A leading gate light manufacturer with in-house metal and plastic manufacturing. • Led the manufacturing expansion project to increase their capacity by 2x with an investment of INR 2 Cr which included transformer manufacturing, SMT electronics set-up and test lab. • Provided customized design solutions to make the electronics driver more compact to upgrade existing incandescent gate fixtures to LED light fixtures. A leading gate light manufacturer with in-house metal and plastic manufacturing. • Led the manufacturing expansion project to increase their capacity by 2x with an investment of INR 2 Cr which included transformer manufacturing, SMT electronics set-up and test lab. • Provided customized design solutions to make the electronics driver more compact to upgrade existing incandescent gate fixtures to LED light fixtures.

    • India
    • Appliances, Electrical, and Electronics Manufacturing
    • CEO/Co-Founder
      • Nov 2014 - Feb 2016

      • Set up one of India’s largest LED manufacturing sites for LED bulbs, LED tube-lights, LED streetlights and flood lights with a budget of INR 9.2 Cr. This back-integrated facility included a comprehensive test and R&D lab, electronics manufacturing set up and assembly lines spanning 70,000 sq ft. The task involved layout design, machinery selection, vendor selection, installation and commissioning. • Advisor to the promoters for finalization of product line based on market research of the products.

    • CEO/Co-Founder
      • Nov 2012 - Oct 2014

      • Green field project to set up India’s first Induction lamp manufacturing facility within 4 months. The facility included lamp manufacturing and set up for electronics ballast design and testing.• Responsible for identifying suppliers and working closely with them to understand the technology and process and installation of the machinery. • Generated revenue of INR 3.8Cr in the first year of operation with a gross profit margin of 36% Break-even achieved within 26 months of operations.

    • United States
    • Medical Equipment Manufacturing
    • 700 & Above Employee
    • Global Sourcing and Strategy Manager
      • Jan 2010 - Sep 2012

      • Responsible for defining and implementing the global electronics sourcing strategy• Managed 140 Tier-1 electronics and electromechanical suppliers with total spend of $46M, which included supporting three global manufacturing locations [USA, France and Mexico]• Developed and executed actionable spend management strategies which resulted in $1.9M yearly savings• Monitored current commodity market trends, supply-demand challenges and manufacturing capacity, avoiding $0.7M in inflation and supporting 100% customer shipments• Led supplier selection and development process to meet commodity performance goals while aligning technology roadmaps• Negotiated global contracts with strategic and preferred suppliers resulting in $1.5M in savings• Led various technical cost out and value enhancement projects resulting in $0.6M annual savings• Performed root cause analysis and executed corrective action process for supplier quality and performance issues, improving DPPM by 23%• Worked on a production level loading program [Heijunka] in order reduce inventory from $6M to $3M. • Led and participated in continuous improvement [Kaizen] projects resulting in efficient manufacturing processes • Designed the risk-based approach for global implementation of REACH/RoHS regulation• Collaborated with New Product Introduction teams to develop technology roadmaps and to ensure smooth and timely product transition from design to production• Reduced supplier base by 50% within 12 months, reducing lead times by 20% and improving DPPM by 17% • Assisted in supplier process audits analysis to evaluate manufacturing processes for adequate controls and conformance to ISO standards

    • Commodity Manager - Electronics and Electromechanical
      • Jun 2009 - Jan 2010

      • Responsible for managing 65 suppliers who accounted for 30% of the electronics and electromechanical components ($6 million) • Identified cost saving opportunities of about 7.5% of the overall spend ($0.45 million) by consolidating suppliers (eliminating 18 suppliers) and standardizing components. • Led the negotiation process and consolidation of rented warehouses across the US leading to indirect savings of 12.5%

    • United States
    • Higher Education
    • 700 & Above Employee
    • Operation and Decision Technologies Graduate Assistant
      • Aug 2007 - May 2009

    • United States
    • Medical Equipment Manufacturing
    • 700 & Above Employee
    • Global Sourcing Intern
      • Jun 2008 - Aug 2008

      • Developed an Early Supplier Involvement Model, aimed at achieving quicker time to market and reduced production costs by identifying gaps and overlaps across various departments and defining partnership with suppliers, resulting in 17% cost savings and reducing production time by 20% • Analyzed various product innovations from a technology, cost, production and marketing perspective to come up with recommendations for future product portfolios • Developed an Early Supplier Involvement Model, aimed at achieving quicker time to market and reduced production costs by identifying gaps and overlaps across various departments and defining partnership with suppliers, resulting in 17% cost savings and reducing production time by 20% • Analyzed various product innovations from a technology, cost, production and marketing perspective to come up with recommendations for future product portfolios

    • United States
    • Pharmaceutical Manufacturing
    • 1 - 100 Employee
    • Strategy Intern
      • May 2008 - Jun 2008

      • Defined models to evaluate ROI for all marketing campaigns and proposed recommendations to formulate marketing strategies and optimize spending • Identified potential customers and segmented them, based on their needs, into different clusters, resulting in 10% savings in marketing expenses • Defined models to evaluate ROI for all marketing campaigns and proposed recommendations to formulate marketing strategies and optimize spending • Identified potential customers and segmented them, based on their needs, into different clusters, resulting in 10% savings in marketing expenses

    • Semiconductor Manufacturing
    • 700 & Above Employee
    • Design Engineer
      • Nov 2004 - Jun 2007

      • Led a team of five in automating the existing design flow system, reducing the turnaround time by 50% and saving $120,000 in annual expenses • Conceptualized and implemented an innovative power methodology [Patent Filed] resulting in a 23% reduction of power loss in a semiconductor chip; honored with “Invention Disclosure Award” • Internal ISO Auditor, identified and defined the Standard Operation Procedure for ISO certification of LSI Technologies, reducing the Business Process cycle time by 30% • Interfaced between management and team to formulate goals and allocate resources for the projects • Led a team of three on a Benchmarking project that ensured faster and more accurate customer design quotation, resulting in higher customer satisfaction • Initiated a cross functional training planning committee; trained 25 new employees in LSI design process to reduce learning time by 40%

Education

  • University of California, Berkeley, Haas School of Business
    Digital Transformation: Leading People, Data & Technology
    2020 - 2020
  • Indiana University - Kelley School of Business
    Master of Business Administration (MBA)
    2007 - 2009
  • Visvesvaraya Technological University
    BE, Electronics and Communication
    2000 - 2004

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