Practical Connection Assignment

Ultra Tech IT Solutions

Surya, CEO, Founder: Surya has been indifferent roles as Software Engineer, Operations Manager, Managing Director who worked in the retail industry for many years is our Chief Executing Officer and founding member of this company. 

Dinesh Reddy Chirra, CFO: Dinesh takes the financial expertise and channels it into a strategic leadership role to create financial success for the company and its stakeholders.

Vishal Chinthakunta - CTO: Vishal has worked in establishing the technology platform to provide solutions to sales in retail and e-commerce.

Manoj Suresh Gudihal, Sr. Vice President: Manoj has worked on the business process, system process to effectively deliver the solutions to the customer. He is responsible for handling operation services.

Prerakkumar Doshi, Vice President, Software Engineering: Prerakkumar is the forefront of all software, Front end and Back end decisions assisting customers with technological solutions.

About the Company: 

Ultra Tech IT Solutions is a company, which provides IT software for local gas stations. It also helps to get business insights for the owners to help for the growth of their business. 

 Mission Statement and Company Ethics & Values:

To provide elegant solutions to age-old retails sales and operational problems using advanced cloud-based, state of the art technology platforms. 

 

Company Background:

Ultra Tech IT Solutions founded to basically leverage the latest technologies and information to give a new shape to the businesses through data analysis and data acquisition (methods) as well as with added services and also to improvise and expand local business gas stations and retail shoppers.

Ultra works to fill the gap in the current market where local gas stations POS systems are outdated and lack proper customer service. The products we sell are software and services for local gas stations. Initially, we are planning to target local gas stations; eventually, this software and services can be sold to local businesses, which include local gas stations, restaurants, and grocery stores.

 

Future Growth Expectations:

In the current market, the systems are volatile and are controlled by big oil companies, which give business owners less control over what they sell in the stores. With our software and services, it gives the owners the to control their inventory and provide product insights, which will help for the growth of their business.

The idea is to implement this based on geographical factor considering where the number of gas stations are located and also on the existing market data. Eventually, we would be adding more states to our network, our team is working on geographical factors to provide better services to the local businesses.

Revenue Predictions:

There is a significant market share value in the current retail sales driven market, which has the potential to go in billions of dollars. We are expecting initially our Net Gross will be around a million dollars with a net profit of $300,000. We are expecting this company will grow into a 5 to 10 million-dollar revenue-generating business in the next 5 years.

The company will include a team of software developers, testers, operations team, leads, management, marketing team, and customer service.

Business Model:

Initially, we would like to target our business based on location, the revenue of the states where there are more local gas stations. Our goal is to expand to a greater number of states in the next 5 years.

Potential Customer Targets:

Making retailer/gas station vendors who are accustomed to outdated sale operations, realize the potential in impacting revenue, optimizing inventory management, ease of operations when adopting the sales solutions provided by the organization. 

Technology and Strategic Objectives:

Data acquisition and data analysis are required to improve the quality of the software and systems. Technical knowledge related the improving the quality of the software, customer service skills are required to reach our objectives.