In the vibrant world of technology, Yugandhara Lad stands out not just as a leader but as a beacon of entrepreneurial spirit and resilience. As the Founder and CEO of Virtualyyst, Lad’s journey is a testament to vision, perseverance, and innovation in the field of Artificial Intelligence (AI) and Machine Learning (ML). Her story, from the early days of inception to the current industry acclaim, paints a picture of a transformative leader dedicated to pushing boundaries and redefining technological possibilities.
Virtualyyst, established by Lad in 2016 as a side hustle, was a humble beginning. Juggling a demanding 9-to-5 job in the USA, Lad embarked on this venture with a clear vision of delivering cutting-edge AI and ML technology solutions. By February 2021, Virtualyyst was formally incorporated, marking a pivotal moment in its evolution. Operating as a bootstrap startup, Virtualyyst has made remarkable strides, boasting an annual turnover of 2.5 crores with a Compound Annual Growth Rate (CAGR) of 56%. This growth is a direct reflection of Lad’s commitment to excellence and sustainable development.
Lad’s path to entrepreneurship was anything but conventional. At 30, while still deeply embedded in the corporate world, she took the leap into the entrepreneurial landscape. Today, at 37, her unwavering dedication and vision continue to drive Virtualyyst forward. Her background is as compelling as her business acumen. With a B.Tech and M.Tech from VJTI, Mumbai, Lad began her career with Tata, working on a project in Qatar. Her journey took her to New York, where she played significant roles in startups like Spotify and Venmo, and later in major conglomerates such as Sanofi, ClinkGift, and Deloitte. This diverse experience, coupled with her studies in Business Analytics at Harvard, provided her with a robust foundation for founding Virtualyyst.
Virtualyyst’s inception was driven by Lad’s entrepreneurial vision, which was ignited during her time at Harvard. The idea of creating a company that delivers comprehensive AI and ML solutions began as a concept and quickly transformed into a thriving business. Today, Virtualyyst stands as a leading tech company with a global footprint. The organization’s services span a broad spectrum, including AI and ML solutions, resource outsourcing, game development, cybersecurity, blockchain technology, and research and development. The company’s client base includes notable names from the USA, UK, Dubai, Bahrain, Europe, and India, highlighting its expansive reach and influence.
One of Virtualyyst’s significant impacts is its role in driving digital transformation across industries. The company’s AI and ML solutions automate processes, enhance data analysis, and improve decision-making, which in turn empowers businesses to compete globally. The range of services offered addresses various challenges, from cybersecurity to game development, contributing to economic growth and technological advancement. By providing innovative solutions, Virtualyyst not only meets the evolving needs of businesses but also plays a crucial role in shaping the future of technology.
The unique selling proposition of Virtualyyst lies in its ability to integrate AI and ML technologies seamlessly across different sectors. What sets the company apart is its commitment to innovation, a customer-centric approach, and the exceptional quality of its services. Virtualyyst’s team comprises highly skilled professionals from prestigious institutions such as Harvard, IIT, and ISB, enabling the company to deliver customized, cost-effective solutions that align perfectly with clients’ needs.
Looking ahead, Virtualyyst’s future prospects are bright and promising. The company plans to expand its operations into the offshore development center model by 2025. This strategic move aims to cater to a significant number of global clients, particularly from the US and UK, by managing end-to-end offices in India. This expansion is expected to enhance Virtualyyst’s global presence, drive innovation, and provide high-quality, customized solutions to an even broader client base.
The journey of building Virtualyyst has not been without its challenges. Lad faced numerous obstacles, from initial financial struggles and lack of familial support to personal setbacks such as a divorce and caring for her young child. Despite these challenges, her resilience and determination remained steadfast. The initial difficulty in securing clients and managing resources was overcome through persistence and adaptability. These experiences have not only shaped her as an entrepreneur but have also fortified her ability to navigate and conquer adversities.
Lad’s entrepreneurial spirit is inspired by the achievements of Indra Nooyi, former CEO of PepsiCo. Nooyi’s leadership, strategic vision, and resilience resonate deeply with Lad, providing both professional and personal inspiration. Nooyi’s emphasis on sustainability and her ability to remain composed amid challenges reflect the qualities that Lad admires and strives to emulate in her own journey.
As an entrepreneur, Lad has learned the importance of commitment, adaptability, and collaboration. These lessons have been instrumental in overcoming challenges, embracing change, and fostering strong relationships. Her unique approach, characterized by resilience and confidence, has been crucial in navigating the uncertainties of entrepreneurship.
For aspiring entrepreneurs, Lad offers valuable advice: maintain a strong sense of purpose and perseverance, despite the challenges. Passion and resilience are key to overcoming obstacles and achieving success. Her journey underscores the importance of staying motivated and committed to one’s goals, no matter how difficult the path may seem.
Lad’s achievements have been recognized through various awards, including the Mrs. India International 2015, the Kisan Award for contributions to water conservation, the National Award for hydraulic design research, and recognition as an AI Tech leader by Entrepreneur India magazine. These accolades highlight her dedication to excellence and her significant impact in the field of technology.
