India has already established itself as a go-to market for talent in the field of technology. But for the 22-year-old leader of Bangalore startup Futurense, the world is barely scratching the surface.
Widely considered as the world’s top choice for back-office support, India can make a mark and become the best front office resource of the world by breaking down the barriers hindering talent from realising their potential, said Raghav Gupta, co-founder and CEO of Futurense.
“The only way we can do this is to empower the talent of this country with the right skills. Currently that's not happening because there’s a lot of barriers – financial, geographical, language. We are trying to remove all those barriers for talent,” Raghav said in an exclusive interview with People Matters.
Founded a couple of years ago, Futurense seeks to counter current practices in India that require highly skilled and highly capable talent to pay a hefty amount to upskill and become global-ready professionals.
The company scours talent, hires them based on potential, flies them to Bangalore, trains them in a modern facility for three months, and pays them full salaries during training, before deploying them to Fortune 500 companies and becoming full-time resources.
“I knew that if we get the right nurturing and support, we can beat anyone in the market. That is where the concept came from. We do not charge the resources. We support them. We invest in them. Because if these guys get the right investment, the world is at their feet,” Raghav said.
According to the budding business leader, the concept came to him when he came back to India after studying abroad. Working at an investment bank, he saw how distance and lack of financial capabilities hinder Indian talent from flourishing.
Raghav said he saw some solutions offered in the market, but none provided real investment in people, especially the Generation Z workforce who are looking for more value at work, as opposed to the transactional nature of jobs in the market.
In setting up the business model of Futurense, Raghav and his team developed science-based parameters to assess a talent’s learning quotient, which they eventually used as a standard in successfully hiring their people.
“Initially, our success was not that high, but that was because we were training people online. So, we changed it. We trained them in person. And right now, I would say our success percentage is around 85%. So, if I am training a hundred people, 85 or 87 of them get deployed,” Raghav said.
The Gen Z visionary is bold in following the Futurense business model – believing in the power of his fellow youth in India.
By empowering talent, India is set to reach new heights in the world of technology, he added.
Raghav is confident that, in a few years, Futurense can make a dent in the talent market and work directly with global companies outside the country.
“The talent of this country demands a voice,” he said.