In an interview with Times Jobs, CEO Vishwas Mudagal and MD of GoodWorkLabs Sonia Sharma got talking about the positive impact of venturing out into the Startup world. Vishwas and Sonia, as some of the most eminent contributors to the Startup Ecosystem in India and USA, believe that entrepreneurs should definitely take calculated risks and venture into alternative industries and fields. Read more about their views on being an Entrepreneur in today’s market here.

Bangalore/San Francisco – 18th August 2016

GoodWorkLabs announced today that they have been nominated yet again to be a part of Red Herring’s Top 100 Asia Award for the year 2016. A cutting-edge product development and design studio, GoodWorkLabs has been recognized de novo as a brand that is quickly positioning itself as market leaders.
The Red Herring Top 100 Asia Award is a prestigious list honoring the year’s most promising technology companies set to grow exponentially. For over two decades Red Herring has been one of the World’s Leading innovation and technology magazines, while constantly recognizing technology thought leaders and identifying companies that are breaking boundaries and projecting expeditious development in their space.
Red Herring Nominees are hand-picked by their editorial team from a pool of some of the most promising technology companies in Asia. Nominees are evaluated on twenty major criteria during the scoring process, from company’s market size to financing, to the management’s expertise. This thorough assessment of each company’s track record and standing makes the Red Herring’s Award a recognition that cuts through the “buzz” to being an actual reflection of a company’s potential.

Vishwas Mudagal, CEO and Co-Founder, GoodWorkLabs said, “We are delighted to be nominated for the second time in a row for this most prestigious award that recognizes the fastest growing and the most innovative companies in Asia. We have grown tremendously since the last year and continue showing a positive revenue growth of 500% year on year. With this rate of growth, we have on-boarded large-scale clients globally and have still continued to design and build futuristic technology for the world.”

“The last year has been particularly crucial for our growth since we not only grew our services business in various industry segments, but also laid the ground work for our ambitious project called GoodWorks Mobility – which is an Enterprise Mobility Platform that will help organizations deploy mobility solutions quickly and help rapidly transform their businesses.” added Sonia Sharma, MD and Co-Founder of GoodWorkLabs.
“Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2016 has shifted into a new phase,” said Alex Vieux, publisher and CEO of Red Herring. “A second generation of entrepreneurs with CEO backgrounds is emerging and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. GoodWorkLabs shows great promise and therefore deserves to be among the finalist companies. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2016 crop will reward us for long and continued efforts in scouting disruptive companies in Asia. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new wave of revolutionary technology.”

Here is a complete list companies nominated for 2016 Red Herring Asia’s Top 100.

GoodWorkLabs MD and co-founder Sonia Sharma was featured on Yourstory, the popular blog that covers journeys of entrepreneurs. The story covered how Sonia Sharma went on to create the leading Outsource product development firm GoodWorkLabs in just 3 years making it a multi-million-dollar company creating products that touches millions of lives globally. Take a look at the complete story of Sonia Sharma and GoodWorkLabs here on Yourstory/ HerStory.

In an exclusive story on Economic Times, the most popular business daily in India, journalist Smita Balram wrote a spectacular story on GoodWorkLabs CEO Vishwas Mudagal. The story titled “Straddling Books, Business, Bike Ride & Bollywood” spoke about the success Mudagal has reached with his company GoodWorkLabs, making it a global leader in technology product outsourcing space with multi-million-dollar revenue and robust growth. And also how he went on the become a best-selling author with his debut novel ‘Losing My Religion.’ Read Vishwas Mudagal’s story on Economic Times online here.

BANGALORE, June 27, 2016 /PRNewswire/ —

Delivering Cutting-edge Technology to Both Fortune 500 Companies and Innovative Startups, the Organization Looks to Expand its Market Presence in Europe, Africa and APAC Regions

After its completion of 3 years, GoodWorkLabs, an award-winning new-age software lab and UX design studio, has announced its expansion plans today with a projected revenue of $10 million by 2018. The company offering a wide range of services from designing and developing mobile apps and games to cloud-based tech products, initially saw a rolling revenue of $0.5 million in 2014-15, which grew on to become five-fold to $2.5 million in 2015-16, making it one of the most successful bootstrapped startup companies in India. GoodWorkLabs provides solutions for premium clientele globally, and is deepening its presence across industries, both domestically and in several regions across the globe. Serving customers both in India and the US, the organization is now setting its footprints and exploring partnerships with leading innovative technology companies in the markets across Europe, Africa and Asia Pacific regions in the year 2016-17.

Born in 2013, GoodWorkLabs started off with an initial investment of Rs. 25 lakhs and now with offices in Bangalore, Kolkata andSan Francisco Bay Area, remains upbeat about its further growth. Being self-funded, GoodWorkLabs specializes in ‘innovation outsourcing’ by providing cutting-edge products and solutions that cover developing and customizing mobile apps, software products, games and UX design.

Announcing the organization’s robust growth and expansion plans, Vishwas Mudagal, CEO & Co-Founder, GoodWorkLabssaid, “Our ongoing engagement with our clients across verticals, has brought in positive results as we continue to grow 500% year-on-year. This year, we look forward to expanding our market presence across various verticals, with possible partnership opportunities in new markets in Europe, Africa and the APAC regions.”

“Our mindshare in the high-end consulting and technology space is growing significantly in India and the US, and we will leverage this to expand into other markets, globally,” stated Sonia Sharma, MD & Co-founder, GoodWorkLabs. She added, “By building our proprietary Enterprise Mobility Platform that customers can use to roll-out mobile apps and solutions in record time, we are scaling up our operations by adding a products division and plan to double our headcount over the next six months.”

The power duo feel that it is not only their innovative, agile and scalable approach to product development but also their artistic approach to product designing which sets them apart – a principle they are determined to hold on to disrupt the status quo of every product space they work in.

About GoodWorkLabs:

GoodWorkLabs is a world-leading outsourced product development company that designs and builds mobile apps, software products and games for top clientele globally. With offices in Bangalore, Kolkata and San Francisco Bay Area, the company is growing at 500% year-on-year and has established itself as a premium tech provider for Fortune 500 companies and startups alike, including Flipkart, Hindustan Unilever, CommonFloor, Ekstep Foundation, Avaya, Sesame Street, ShoreTel and Jacobs. The company is led by industry veterans Vishwas Mudagal, CEO & Co-founder, and Sonia Sharma, MD & Co-founder, and is a valued member of NASSCOM.

Original Press Release link on PR Newswire.

The Hindu Business Line, the popular business daily in India, featured GoodWorkLabs CEO & Co-founder Vishwas Mudagal in the ‘My Five’ section. The coverage featured the fitness and success mantra of Vishwas Mudagal. Read the article here.

Economic Times, India’s top financial daily, wrote an exclusive coverage on the inspiring and incredible story of GoodWorkLabs and how it has grown 500% year-on-year with revenue over the last three years. Read the full coverage here on the growth story of GoodWorkLabs.

Excerpts from article here –

While pursuing her graduate degree in computer science at UIIT, Shimla, Sonia Sharma was clear about her career path: not to be a job seeker but to become a job creator. Entrepreneurship, says Sharma, has always held a charm for her and no job could be a worthy substitute to it. True to her ambition, after spending a few years learning the ropes in a couple of startups, she founded IT products company GoodWorksLab in March 2013, along with Vishwas Mudagal,  a serial entrepreneur and author.

Given the founders’ training and experience, IT was a natural choice: “We had identified a key gap in the IT services industry—lack of good product companies. The idea was to be the ‘product’ guys in an otherwise ‘services’ industry,” says 34-year-old Sharma, Cofounder and Managing Director.

Founded with an initial investment of Rs 25 lakh from Mudagal, GoodWorkLabs is in the business of developing apps and products as per clients’ needs and specifications. In less than three years, this Bengaluru-based company counts the likes of Hindustan Unilever, Sesame Street, ST Dupont, Flipkart, CommonFloor and Avaya among its clients.

The start for this company, which won several business awards including ‘Fastest Growing Indian Company’ award in 2014 conferred by International Achievers Conference, was a bit challenging. While the founders, owing to their previous corporate relationships , did not have trouble securing business, finding the programming talent to build products proved to be a tough task.

“We needed high-quality talent. There was an immediate need to recruit quality talent to serve clients in a fiercely competitive business environment . It was difficult to get it,” says Mudgal, 34, Co-founder and CEO. GoodWorkLabs had to give up some of the projects that came its way for want of talent. Gradually, the startup was able to hire the right people .

“Birds of the same feather, eventually, flock together. After initial hiccups, we ended up creating a fantastic tech and design team that we were proud of,” says Mudagal, 34. The company now has 70 employees on its rolls. “Even though we have a good team in place, we still have to say no to some of the projects as we do not have the necessary bench strength,” says Sharma.

Read full story on Economic Times here.

India’s leading industry body of IT and BPO companies NASSCOM showcased GoodWorkLabs, the industry leader in mobile app technology and design. An interview of GoodWorkLabs CEO Vishwas Mudagal was published on the Face to Face section of Nasscom’s website. Take a look at the GoodWorkLabs’ interview here. We would like to thank NASSCOM for all the support it has provided in our journey so far and we look forward to working with them towards a greater partnership.

GoodWorkLabs celebrated the 3rd anniversary on 6th March 2016! Vishwas Mudagal, CEO & Co-founder, and Sonia Sharma, MD and Co-founder, spoke at the celebration event thanking the esteemed clients and our awesome team for making the impossible, possible!

“Yesterday was a great day! We celebrated the foundation day of our company GoodWorkLabs on successfully completing 3 years! What I thought was unthinkable, our team has made it possible.

We have now become a multi-million-dollar company with revenues growing at 500% year-on-year. From the 1st year to the 3rd year, we have grown our revenues by over 2300%. i.e. 23 times. All this while we didn’t take a single penny in funding from anyone. We helped global companies build awesome products and we touched millions of lives. We created a premium brand in the high-end product technology development and consulting space!