Asish Mohapatra is an Indian entrepreneur and co-founder and CEO of unicorn startup OFB Tech Pvt. Ltd. or OfBusiness.
Wiki/Biography
Asish Mohapatra was born in 1980 in Cuttack, Odisha (42 years old; as of 2022). He was educated at SCB Government Medical College, Cuttack (ICSE, 10th). He further studied Physics, Chemistry and Mathematics at Cravenshaw College, Cuttack (10+2).
A picture of Ashish and his sister was clicked in 1985
He received his bachelor’s degree in Mechanical Engineering from IIT Kharagpur in 2002. After about 3 years, he did PGP-MBA course at Indian School of Business, Hyderabad.
Asish with his college friends while studying at IIT Kharagpur
appearance
Hair color: black
Eye color: black
family
Parents and siblings
His mother, Mishra Kuku, received her Ph.D. from Indian Institute of Technology, Kharagpur. She is a professor of physics at a university. She died of cancer in 2020. Ashish has a younger sister, Snigda.
Ash and his mother
wife and children
Ashish is married to Ruch Kalra.
Ruchi Kala and Ashish
The couple has a daughter, Khushi Mohapatra.
Ash and his daughter
Profession
as an employee
In 2001, Asish spent 3 months as a summer intern at Reckitt & Colman. After completing his B.Tech, he worked with ITC Ltd. as Maintenance Manager and later Operations Manager, managing a team of 1000 people. He worked in the management field for almost 3 years before completing his MBA degree in 2005 from ISB, Hyderabad.
Ash during his tenure at ITC Limited
After completing his MBA, Ashish got a job at McKinsey & Company, where he met his wife Ruchi. He serves as a project manager focusing on healthcare, pharmaceutical and medical products practices. In 2010, he began working as a senior associate and venture capitalist at Matrix Management Corporation. He spent 4 years with Matrix, Mumbai, during which time he served on the Board of Directors of 7 companies in the healthcare industry and 9 portfolio companies. He resigned in August 2015.
as an entrepreneur
In late 2015, Asish came up with an idea to explore uncharted B2B territory with a fintech startup.
First OfBusiness conference, circa August 2015
Along with his wife and some loyal members of his team, he founded a startup called OFB Tech Pvt. Ltd or OfBusiness, which serves as a single window for SMEs to access secured and unsecured credit. Ashish served as CEO after the company was founded and began looking for investment. In 2021, Ashish’s company received support from the Japanese multinational group SoftBank Group and completed a US$160 million financing at a valuation of approximately US$1.5 billion, becoming a unicorn. In 2016, Asish, his wife and a few other members of the team launched an offshoot of their previous startup, which became a lending arm that provided purchase financing to small and medium-sized enterprises. The company, called Oxyzo, became a unicorn in 2022.
Oxyzo Team (Asish is standing in the second row, fourth from left)
as director
Asish received the independent director qualification from the Indian Institute of Corporate Affairs in November 2020. Meditrina Hospitals Pvt. Ltd. is the first company he joined as a director. He has served as a director of various companies such as Oagriva Alliance Private Limited, Oxyzo Financial Services Private Limited, Ofb Tech Private Limited, Ofg Manufacturing Businesses Private Limited and has served as a nominee director of Omat Business Private Limited and Samruddhi Organic Farm (India) Private Limited company.
Favorites
- Introduction: When things are tough, tough people move forward!
Facts/Trivia
- Ashish ranked fourth in Odisha 10+2 examination.
- In 2016, Asish sought funding for his startup OfBusiness but was rejected 73 times.
- Asish enjoys blogging and is fluent in Bengali, Hindi, English and Oriya.
- Asish Mohapatra and his wife are believed to be India’s first couple to each run a unicorn.
- According to Ashish, his secret to success includes the 4 Hs, namely Hungry, Hustle, Humility and Honesty.
Ashish’s Secret to Success
Categories: Biography
Source: HIS Education