To be successful, only one thing is needed – an eye to recognize the possibilities of the future. The success of Quick Heal proves that if a person keeps moving in one direction, then he reaches the height by progressing slowly.
We all know about Quick Heal. It is an Indian multinational cyber security software company, headquartered in Pune. Its CEO is Kailash Katkar. Everyone must know this much. But do you know that Kailash Katkar does not have any professional degree. You will be surprised to know that he has studied only till tenth standard. It is not even that they have inherited the business. Kailash’s father worked as a machine setter in Philips India and his mother was a homemaker. So let’s know the journey of Kailash to become a successful industrialist.
Started work at Rs 400
Kailash Katkar was born in a Maharashtrian family in Rahmitapur, a small village in Maharashtra in 1966 and grew up in Pune. Kailash saw his father repairing radios at home, so he too started his career in 1985 by working at a repairing shop, where he used to repair calculators and radios. He used to get Rs 400 a month as salary for repairing calculators. Gradually his earning from screen printing, radio repairing etc. increased to Rs.2000 per month. After this, in 1990, Kailash opened his repairing shop by adding Rs 15,000. Later he also started repairing other machines. After this he got an annual maintenance contract for New India Insurance.
when i bought my first computer
When Kailash was 22, he saw a computer for the first time in the bank where he used to repair calculators. Kailash’s mother wanted him to contribute money to the house but Kailash gave priority to his work. He bought the first computer for Rs 50,000, which he used for billing. In those days people used to come to his shop only to see the computer.
Company started in 1993
Kailash Katkar started CAT Computer Services in 1993. This company used to offer computer maintenance services. During this, Kailash found that the machines coming for repairing were infected with virus. Seeing this, Kailash advised his brother Sanjay to focus on antivirus program. Sanjay used to visit his brother’s shop frequently during his Masters days. In the second year of his Masters, Sanjay developed a program to fix infected machines. Which was used by Kailash in the computers coming for repairing in his workshop.
Quick Heal came in 1995
Anticipating the huge demand for antivirus programs in the future, the brothers decided to shift their focus from hardware repairing to antivirus solutions. The brothers launched their first product, QuickHeal Antivirus for DOS, in 1995. But due to lack of awareness among the people about it, nothing special could be created. That’s why both the brothers started giving it to the people for free. Later, Quick Heal was sold for Rs 700, which was one of the cheapest options available at that time. After that the brothers cut and did not look back. By 1998, Katkar Brothers stopped hardware repairing and shifted to antivirus. During this, Kailash used to do the marketing of the products, while brother Sanjay looked after the research and development.
The company had to be closed in 1999
It is said that sometimes the business is not successful, or sometimes it has to be restarted. Something similar happened with the Katkar brothers. For the first 5 years of its inception, Quick Heal’s business was confined to Pune and it was not yet successful. Investors did not show interest in his business and for this reason the business had to be closed in 1999.
After a few years, he made up his mind to start it again and aggressively marketed his product. In 2002, he expanded his business outside Pune. Then the first branch of Quick Heal opened in Nashik and all hardware vendors of the company were also asked to sell Quick Heal software. Between 2002 and 2010, Quikheal started expanding outside Pune to other major cities.
raised the flag of success
In 2007, he started his company Quick Heal Technology (Quick Heal Technology) with the aim of giving it wide commercial recognition. Then he raised such a flag of success, today his business has spread to more than 60 countries. In 2010, the company received funding of Rs 60 crore from Sequoia Capital. The funds were used to open a new branch. Quick Heal Technologies currently has a market cap of Rs 1,341.80 crore on BSE. Antivirus programs have further benefited as a trusted brand in the computer world. Quick Heal’s IPO came in the year 2016 and after that it was listed on the stock market. At the same time, the total assets of Quick Heal are 9.16 billion in Indian currency. On the other hand, on January 10, 2023, the value of one share of this is 172.65 Indian rupees.
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Forbes India has also praised
Forbes India has also shared the story of Kailash Katkar from his beginnings to becoming a successful businessman. Forbes wrote that Quick Heal is a completely indigenous anti-virus software company, which has not only defeated big competitors like McAfee and Symantec, but has also established its presence in other countries around the world. Quick Heal did not spend much on advertising for its products. Instead, it used that money to deepen relationships with distributors and sellers across India. Also shared 15-18 percent revenue on every sold product.
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Story first published: Tuesday, January 10, 2023, 19:47 [IST]