Founder Magazine Team
Yugandhara Lad, the founder and CEO of Virtualyyst, embarked on her entrepreneurial journey in 2016 with a clear vision and an indomitable spirit. At the age of 30, while balancing a demanding job in the USA, she took her first steps toward establishing Virtualyyst. What began as a side hustle quickly evolved into a dynamic enterprise. Today, at 37, Yugandhara continues to drive the company’s growth and success, demonstrating a steadfast commitment to excellence and innovation.
Virtualyyst, headquartered at 503 B, 5th Floor, Lodha Supremus, New Cuffe Parade, Wadala East, Mumbai, has made significant strides since its formal incorporation in February 2021. The company has emerged as a prominent player in the technology sector, specializing in AI and ML solutions. With a global clientele spanning the USA, UK, Dubai, India, Europe, and Bahrain, Virtualyyst has achieved an impressive annual turnover of 2.5 crores. The company boasts a robust Compound Annual Growth Rate (CAGR) of 56%, reflecting its consistent progress and dedication to sustainable development.
Yugandhara Lad’s background is a testament to her entrepreneurial spirit and technological prowess. She holds B.Tech and M.Tech degrees from VJTI, Mumbai, and began her career with Tata, working on a project in Qatar. Her journey took her to New York, where she contributed to startups like Spotify and Venmo, eventually ascending to a Project Manager role. She also held significant positions at major conglomerates such as Sanofi, ClinkGift, and Deloitte. Her entrepreneurial vision for Virtualyyst was further honed during her studies in Business Analytics at Harvard. Leading a team of skilled professionals, Yugandhara has guided Virtualyyst to the forefront of the AI and ML industry.
Virtualyyst was officially launched on June 2, 2021, and has since established itself as a leading technology company. The organization is dedicated to delivering a wide range of technology solutions, including resource outsourcing, AI and ML services, game development, cybersecurity, and blockchain technology. With a team of nearly 60 experts, Virtualyyst is well-equipped to drive innovation and offer cutting-edge solutions that cater to businesses’ diverse needs.
The company’s impact on the market and society is substantial. By offering comprehensive technology services, Virtualyyst enables businesses to compete on a global scale and contributes to economic growth. The company’s AI and ML technologies have the potential to revolutionize various industries and improve quality of life. Virtualyyst’s focus on driving innovation and excellence has positioned it as a key player in the technology sector.
Virtualyyst’s services address several critical business challenges. The company’s AI and ML solutions automate processes, enhance data analysis, and improve decision-making. Its cybersecurity services safeguard data and systems, while its game development and blockchain technology offerings provide engaging customer experiences and secure transactions. By leveraging technology to overcome obstacles and enhance efficiency, Virtualyyst proves to be a valuable partner for businesses across different industries.
One of Virtualyyst’s most significant unique selling propositions (USPs) is its ability to deliver comprehensive technology solutions that integrate AI and ML technologies across various sectors. The company’s commitment to innovation, customer-centric approach, and exceptional service quality set it apart from competitors. The team comprises highly skilled professionals from prestigious institutions such as Harvard, IIT, and ISB, enabling Virtualyyst to offer cost-effective and tailored solutions that align perfectly with clients’ needs.
Looking ahead, Virtualyyst’s future prospects are promising. The company aims to expand its operations into the offshore development center model, catering to a significant number of global clients, particularly from the US and UK. By managing end-to-end offices for clients in India, Virtualyyst plans to ensure data privacy and operational efficiency. Discussions with major companies are already underway, and the company is poised to establish an offshore development center for one of its prominent clients soon. This initiative is expected to enhance Virtualyyst’s global footprint, drive innovation, and deliver high-quality, customized solutions to a broader range of clients.
Yugandhara Lad’s entrepreneurial journey was sparked by a challenge during her Harvard program, where she was tasked with developing a startup idea. This experience ignited her passion for entrepreneurship and led to the conceptualization of Virtualyyst. Despite facing initial resistance from her family and personal hardships, including financial difficulties and caring for her child as a single mother, Yugandhara’s resilience and determination propelled her forward. Her commitment to Virtualyyst, coupled with her child’s encouraging words, played a crucial role in overcoming obstacles and driving the company’s success.
Professionally, Yugandhara faced challenges such as securing initial clients and managing resources. However, these experiences taught her valuable lessons in handling difficult situations and carving out a niche for her business. Today, Virtualyyst excels in multiple verticals, including outsourcing, AI and ML solutions, game development, cybersecurity, and blockchain technology, showcasing the company’s ability to adapt and thrive in a competitive market.
Essential qualities for pursuing a business or profession include inner drive, confidence, and a clear vision. Understanding the market, financial planning, regulatory compliance, and continuous learning are also critical. Building a strong team and being adaptable and resilient are key to long-term success. Yugandhara’s personal and professional experiences underscore these essentials and highlight the importance of perseverance and adaptability.
The COVID-19 pandemic served as a catalyst for digital transformation, presenting an opportunity for Virtualyyst to address the evolving needs of businesses. The company’s AI and ML technologies were well-positioned to meet the increased demand for digitalization and automation, driving its growth and success in a dynamic market.
Yugandhara’s unique qualities as an entrepreneur include her resilience, confidence, and passion for learning. These traits have helped her navigate challenges and remain focused on her goals. Her commitment to excellence and continuous improvement sets her apart and contributes to Virtualyyst’s success.
Through her entrepreneurial journey, Yugandhara has learned the importance of commitment, resilience, adaptability, and collaboration. These qualities have been essential in overcoming challenges and building strong relationships for mutual success. Her experiences have shaped her into a more effective and adaptable entrepreneur.
For aspiring entrepreneurs, Yugandhara offers the following advice: Persevere through challenges with a strong sense of purpose and resilience. If you are passionate about your venture, you will find the strength to overcome obstacles and continue moving forward. Remember that giving up is only an option if you allow it to be. Stay motivated and committed to your goals, no matter how difficult the journey may seem.
Yugandhara Lad’s achievements extend beyond her entrepreneurial success. She has received several awards, including Mrs. India International 2015 for her support of Indian farmers, the Kisan Award for her contribution to water conservation, the National Award for her research on hydraulic design, and recognition as an AI Tech leader by Entrepreneur India magazine. These accolades reflect her dedication to excellence and her impact on various fields.
