Bulls n Bears Entrepreneurship Zone :: The journey so far: Jyoti Mukherjee, CEO, Software Technologies Limited

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Jyoti Mukherjee is the founder and CEO of Software Technologies Limited, a
Kenyan-based software development and cloud-based solutions company.


1. Tell us about one of the toughest situations you’ve found yourself in as
a business owner.


In 1991, when I started Software Technologies Limited (STL), we barely had
ready young/experienced designers. I overcame this challenge by starting a
training division and, later, this became our line of business by starting a
subsidiary company – Institute of Software Technologies Limited (IST).

This solution offered us three benefits.

We created resources by picking up good designers, offered them internships
and then appointed them as our most-skilled developers. Currently, most of
our managers are beneficiaries of this internship programme, [who have
grown] into their positions as heads of various departments.

We also assisted our customers to maintain our solutions by providing them
with resources from our institute.

And we developed a new line of business – that meant additional revenue.


 2. Which business achievement are you most proud of?


Today, STL is an unparalleled leader in designing Kenyan-built solutions
for managing people, processes, and governance. Having our intellectual
property (IP) and exporting these solutions throughout Africa – and beyond.

Our eHorizon solutions suite – such as eBoard, Mkataba (contract management
system) and human resource management system – [offers] state-of-the-art
solutions, which embody best practices and best-in-class functionality to
compete with any product globally.

We have broken the myth that good software solutions can only come from the
West/India/South Africa. Kenyan solutions designed by STL can stand up in
the global market with pride.


 3. Describe your greatest weakness as an entrepreneur.


Every human has a weakness – I presume [mine] is “not giving up easily”.

When any challenge confronts me as a CEO, I don’t give up easily. At times,
it gets costly. However, I have learned to overcome this by delegating and
brainstorming with my management team. And I do give up on many decisions –
for instance, investing in a data centre or not investing in many solutions.


 4. Which popular entrepreneurial advice do you disagree with?


Succeed at any cost – or, some say, profitability at any cost.

I believe our success should be based on simple principles that we should
not compromise. I learned this from my father: “High thinking, simple
living.”

Our integrity towards our customers, our growth values, achieving our goals
with a focus on our vision, offer the services and value to our customers
more than they expect, valuing our teams and always contribute to society.

This approach may delay our success, but I can vouch it is worth it.


 5. Is there anything you wish you knew about entrepreneurship before you
got started?


Every journey represents a learning path. No entrepreneur comes with a
perfect manual of how to run his or her organisation.

When I started back in 1991, I never knew how to deal with sudden
resignations after training team members. I learned to “let go” and
continue.

I did not know how to disseminate processes to the team members, for them
to be more consistent in their work results. I learned to keep patience and
gradually introduced the processes in place.

Team members don’t like processes, to begin with, they dislike to document
and they also do not like the reporting.

Today, I am proud that STL and the IST are process-oriented – that is why
our solutions have the longest shelf life in the market for software
systems.

I did not know how to deal with investments in IP. I learned this by
travelling outside Kenya and visiting many IP-oriented companies and learned
to add value to our IP assets.

I did not know how to shift rapidly from one technology to the other. In
today’s times, technology changes at speed. In the past, by the time we
finished one solution; the new technology gave us doubt. I learned to
develop our solutions on object-orientated and freedom-to-adopt technology,
so that we can shift from one database to another, and change any object
with the latest technology.

I believe if we stop learning, we decay and that will be the end of an
organisation. –Howwemadeitinafrica 



Jyoti Mukherjee

 

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