As a commitment to bolstering Michigan’s startup economy, MichAuto has created the MichAuto Innovator Exchange, an immediate access point for startup companies to connect with well-established firms and other consumers of innovation. Learn more about participating company, Vayoom, and its Chief Executive and Technology Officer, Anil Menawat, below.
Meet Anil Menawat, Chief Executive and Technology Officer of Vayoom
Anil Menawat is a recognized authority in manufacturing operations and business turnaround. He also serves on the board of Amfuel, a defense contractor. Vayoom technologies are based on his research on non-linear dynamic systems. Since 1997 he has worked with private equity firms and other investors to turn around underperforming companies. Prior to that Anil was a Senior Manager at Aeroquip Corporation, and an Assistant Professor at Tulane University. Anil earned his BS and MS in Chemical Engineering, and a Ph.D. in Systems Theory. He co-authored two books: Profit Mapping (McGraw Hill, 2006), and Execution Dynamics (Amazon, 2012). His pioneering work on nonlinear systems theory was profiled by Business Week (1993). He is listed in Who’s Who in Science and Engineering and has won several awards including “Crain’s 2007 American Dreamer.”
What Anil Has to Say About His Company
How long have you been in business and how many employees do you currently have?
Vayoom, a vertical SaaS with AI predictive analytics, started as a consulting company in 2005 helping investors and private equity firms buy and turn-around distressed manufacturing companies. We converted to a software only model in January 2023 with 3 employees.
Describe your ideal client and the problem you are trying to solve for them.
Vayoom’s ideal customers are automotive, defense, and industrial manufacturing companies. We focus on companies that are either under-performing or improvement initiatives are not returning sufficient value. They need growth, expansion and market diversification.
Each year over 100 US manufacturing companies go bankrupt. The manufacturers don’t know the true cost of products, and most improvement initiatives do not increase profits. Without profit analysis tools, they use indirect secondary metrics of efficiency and cost reduction, which do not always result in economic benefits. Lack of options prevents them from negotiating better prices and control cost. Vayoom’s SaaS solution with AI-powered predictive analytics for higher profits and operations control directly targets profits with innovative product cost, quote and price options.
Where do you see your company in the next five years?
Our vision is to be the leading provider of vertical SaaS software solution for the manufacturing sector, recognized for our unwavering commitment to innovation, knowledge, and trustworthiness. We aim to transform the industry by setting new standards for software-driven business success, enabling our clients to achieve unparalleled growth and sustainability.
Why did you choose to locate your firm in Michigan?
Michigan is among the top 5 states for automotive, defense and aerospace. Our technology was perfected with Michigan based customers and we expect Michigan to be a major market for Vayoom. With access to major international airport, SE Michigan makes it convenient to serve our customers globally.
What is your firm’s greatest competitive advantage?
Vayoom replaces the old belief in improving profits using secondary metrics of efficiency and cost reduction. It directly targets profits using AI-powered analytics to revolutionize profit improvement and growth. Our software embeds:
- Accurate costing & Quoting options to target profits directly with financially driven performance improvements
- Financial & operations analytics using AI updates the embedded domain model with newer data
- Small data footprint using geometric technology that iterates to improve data quality rather than quantity