January - 2017 - Special issue > Entrepreneur of the Year - 2016

Koushik Yachendra: Driven by Passion to Transform Edu Tech & HR Space

si Team
Thursday, February 2, 2017
si Team
"My father is a professor and I was traditionally brought up as an engineer," posts Koushik Yachendra, the CEO & Founder of Formac, a product company with a vision to make a change in the education and hiring space by allying technology. An engineering graduate, topping up with Masters and getting a secured job in a multi billion dollar company is every dad's dream in India. And Koushik outshined in all the three aspects. An engineer with Masters in Computer Science from UIC, Chicago, Koushik worked for Fortune companies like Yahoo!, Wells Fargo and Symantec. But it was not too late before he found his calling and unshackled from the alienation of insipid 9-5 job. His appetite to build something for the community that would last for generations could only be met by innovation, which his previous job merely offered. As Hunter J Thomson said, "Anything that kept your blood racing is probably worth doing", Koushik trusted his gut and quit his job to join the start-up revolution, and built Formac in 2013 with his childhood friend, college partner and co-founder Venkata Duvvuri.

Today the company empowers educational institutions to produce high quality professionals by offering innovative solutions and software enabling the industry to identify and recruit the right talent though their products EPracto & EYardstick respectively.

Learning from Failures

Rewinding few years, the start-up scenario was different. Leaving his cushy seat of an established and stable career, Koushik had to combat the bitter facets of establishing a business, which were earlier regarded as insignificant. As every expedition has its highs and lows, Koushik had to battle his way to build a talented and robust team. "When I approached talented people who could make a difference, most of them were unwilling to leave their comfort zone as start-ups involve a lot of risk," asserts Koushik. In the initial phase he played multiple roles - from running an idea to running the team and balancing multiple responsibilities at single time. However, through his imposing vision, self-motivation, and flat managerial techniques, Koushik triumphed over each barrier. "Entrepreneurship is not easy; you have to undergo lot of stress, tensions and long hours of physical work. But at the end of the day when you go to bed, and think what your efforts will bear in the future and what difference it will bring to the society, it's the feeling that only an entrepreneur can have," elucidates Koushik. Being a modest human being, he doesn't consider himself as successful yet, but Koushik reckons himself as a man with a clear mission and undying passion. He feels grateful to his colleagues, friends and family for their faith, mentorship and support. Optimism and clear-cut visualisation being his core strengths, Koushik believes his emotional attachment with the products he built as his only weakness.

Imparting Values as a Mentor

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