(From left): Karthik R, Harikrishnan AS, Tarun Mishra and Daniel Raj David have contracts with all major refineries of AsiaDaniel Raj David 24
Image: P Ravikumar for Forbes India
Harikrishnan AS 24
Karthik R 26
Tarun Kumar Mishra 29
CEO; CTO; CTO; chief strategy officer and co-founders, DeTect Technologies
It all began with trying to create a material that could generate ultrasonic waves at high temperatures to monitor assets, such as pipelines, in the industrial space. IITian Tarun Kumar Mishra, working with professor Krishnan Balasubramanian at IIT-Madras, cracked it. “Professor Krishnan told me the industry had no continuous monitoring technology. So, I looked into the field,” says Mishra, who graduated from IIT in 2013.
Fellow IITian Daniel Raj David, 24, then a second-year student, met Mishra through professor Balasubramanian in early 2014. His batchmate Harikrishnan AS, 24, a mechanical engineer, and Karthik R, 26, got on board, and they incorporated DeTect Technologies in February 2016. They have two products; GUMPS, an intelligent sensor for pipeline monitoring to prevent potentially hazardous leaks, and Noctua, a drone for internal and external asset inspection and monitoring. Professor Balasubramanian is a mentor and advisor. Click here for 30 Under 30 2019 list
Mishra says they started taking orders and giving services from day one since the products were built keeping end-use in mind. “Today we have three-year contracts with almost all major refineries in Asia.”
After an initial investment of ₹10 lakh, and support from Reliance Industries and Shell, DeTect has raised two rounds of funding, the latest being a $3.3 million series A led by SAIF Partners. “We partnered with DeTect because of the skill and vision of the young founding team, their understanding of the market and their state-of-the-art products,” says Mridul Arora, MD, SAIF Partners.
(This story appears in the 15 February, 2019 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)