Startups

Altorum Leren | Unprecedented IoT Revolution and solutions

• ByStartupStory     |    August 10, 2022

“ Invent your breakthrough and deliver excellence through world-class solutions on time with efficiency and safety.”  By- Prateek Shukla, Co-founder & CEO of Altorum Leren in an exclusive interview with Startup Story.

 

Altorum Leren, founded in September 2017 by Sandeep Parira and Prateek Shukla, is an IoT firm that provides clients with advancements in technology and cloud-based automation solutions. The company specializes in developing strategies and approaches that assist businesses to gain market share and increase profitability. The growing reach of communication technologies has highlighted the need of developing world-class IoT solutions.

Altorum Leren is one of the industry’s leading names, providing seamless IoT solutions to sectors across the gamut, and Mr. Prateek Shukla, Co-Founder, and CEO of Altorum Leren are at the helm. Prateek began his employment as a Cybersecurity Consultant, and his enthusiasm for the subject can be shown in the fact that he wrote a book on the subject before his 12th Board exams. He began his career with the well-known product-based IT firm ‘Casa Curo’.

Prateek and Sandeep Parira (co-founders of Altorum Leren) began their careers as entrepreneurs. They met through a mutual friend, and their partnership resulted in the creation of Altorum Leren in September 2017. According to Prateek, the finest leadership lesson is to choose the suitable person for the task at hand considering that only the right person can do the job efficiently.

Altorum Leren – The Upcoming IoT Jumbo

Altorum Leren quite literally means “Product startup” that provides a variety of services to small, medium, and big enterprises and industries. Among these services are solutions that assist businesses in monitoring the health of their assets and automating manufacturing plant processes. Prateek aspires Altorum Leren to be a leader in the IoT space. Before leaving and moving on to other initiatives, he wants his organization to become a worldwide leader in the IoT field.

The number of IoT devices is predicted to exceed 24 billion by 2030, as the industry accelerates the development of 5G technology, artificial intelligence, and sophisticated analytics tools. Altorum Leren possesses a broad range of distinct capabilities.

Successful Inception of Altorum Leren

One of the company’s fundamental assets is its capacity to collect data from devices and transfer it to the cloud, which it has developed over the last several years. Altorum Leren currently has a staff of 45+ people.

Altorum Leren’s high status in the industry is immediately discernible from the startup’s vast list of clients, ranging from Toyota, Wipro, Siemens, and TATA advanced systems. The firm is seeing fantastic growth and performance, and its goal is to carve out a separate niche in the sector. “Think IoT, Think Altorum Leren” is what Altorum Leren is aiming for, and the entire team is working hard to make this a reality. The firm has achieved extraordinary success in a short time, owing to the vision of its creators and the hard work of its core team. 

Services and products that make Altorum Leren stand out

Altorum Leren has launched Alfinity, an IoT SaaS platform. The platform is industry neutral, assisting companies with Preventive and Predictive maintenance using Edge computing with Artificial Intelligence. The use of these cutting-edge technologies helps businesses save both money and time by lowering the failure of one‘s working resources.

Alfinity is a low-cost subscription-based model that specializes in assisting clients in the early discovery of faults in their systems. This method results in proactive course correction and allows the customer to implement a fail-fast strategy. These systemic and comprehensive efforts result in increased Return on Investment and long-term economic viability. The platform’s USP is that it can manage a wide range of customer needs, from defining items to supplying insightful information, and from creating coherent data to presenting a thorough analysis report.

The growth witnessed by Altorum Leren

Altorum Leren began its operations using a bootstrapped funding approach in 201, and its income is generated by subscriptions through the Alfinity Cloud platform and custom IIoT solutions for enterprises.

Since its inception, the firm has shown lucrative outcomes in terms of both team expansion and revenue production. The income in FY 17-18 was Rs. 1,25,000/- (September 17-March 18) with a total workforce of three people. 

They grew from 3 to 12 people in the second year, FY 18-19, with a turnover of 94 lakhs. The team size increased from 12 to 24 in the third fiscal year (19-20), with revenue reaching 1.6 crores. In the fiscal year 20-21, the firm increased its overall staff from 24 to 45, with a revenue of $3 million.

CUSTOMER FEEDBACK AND SATISFACTION

Providing services and products that function effectively is of the utmost importance to the clients/ customers. Most of the clients and customers that keep Altorum Leren in business are the ones that have used their services earlier and have the experience to draw comparisons in the market. The most important concept in business is that time equates to money. 

Altorum Leren has managed to expand into the US and several European countries. The efficient time management, constant feedback processes, and transparency paired with the adequate amount of clarity have been the potion of success for Altorum Leren. 

They have retained 95% of their customers who seek services only from them. That is a hallmark of excellence and efficiency in serving customers to their satisfaction. 

 

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