Yashraj Bhardwaj, Co-Founder, Petonic Infotech Is Revolutionising the Consulting Industry

. Given that you are just 23 years old, how did you come up with the idea for Petonic Infotech?

We started our career in scientific research, technical innovation, and business consultancy at a very young age. We began working on research projects like purifiers made from bajra and pumpkin. We were able to employ research-related scholarships, fellowships, and awards as a source of money, which we then used to the establishment of Petonic Infotech, a mid-sized consultancy services company, in 2017.

2. What is Petonic’s unique selling point, and what is your vision for it? as well as any expansion plans.

We aim to fix issues before asking clients for significant upfront payments without delivering results. Our company strategy is outcome-based; therefore, we’ll still be profitable. When it comes to projects, the business and operational model of the organisation puts it in rivalry with the Big Four consulting and accounting companies. The goal is to get Petonic Infotech to a point where it is on par with the major consulting companies, based on the company’s existing growth trend. This year, we also moved to the United States, and we also want to be the first consulting company to give advisory services using technologies like artificial intelligence, machine learning, etc.

3. What difficulties have you encountered so far in this, and how have you overcome them? And what is your business mantra?

So far, the journey has been pleasant, with the standard ups and downs of any business. According to Source Worldwide Research, the COVID-19 virus might cut the global consulting business by 19%, from $160 billion in 2019 to $130 billion in 2020. COVID-19 is putting the brakes on the global economy. For many countries, the extent of economic pain — whether a recession or a depression — is an issue of magnitude. And the worldwide consulting business, like most others, is unlikely to be spared a slowdown as a result of the pandemic’s massive effect. Petonic faced challenges such as a declining private sector market and a lack of access to the necessary skill pool to solve problems. And for our company’s mantra, I’d suggest “stay updated.” In this digital era, staying updated is crucial.