Biography of Nishant Kathpal: CEO & Founder of Ayati Devices - Vibrasense
Biography of Nishant Kathpal:
Beginning of a Journey
Nishant Kathpal, the CEO and Co-Founder of Ayati Devices
Pvt. Ltd., embarked on a journey that combined his expertise in electronics and
a desire to make a meaningful impact in healthcare. A graduate of the Indian
Institute of Technology (IIT) Bombay, Nishant’s educational background in
electronic systems laid the foundation for his later work in medical
technology. He completed his Master's in Electronic Systems at IIT Bombay,
where he honed his skills in embedded systems and VLSI design. His journey was
not only academic but also marked by his active participation in college
events, where he gained valuable leadership and organizational skills.
The Professional Foundation
Before venturing into healthcare innovation, Nishant started
his career at Netcracker Technology, a company specializing in software
solutions for telecom providers. His role as an Associate Software Engineer
involved developing custom solutions, which sharpened his problem-solving and
technical abilities. However, Nishant’s curiosity and passion for learning
pushed him to further his education, eventually leading him to pursue a
master's degree at one of India’s most prestigious institutions. This was the turning
point that set him on the path to combining his technical expertise with a deep
desire to solve real-world problems.
A Shift Toward Healthcare Innovation
At IIT Bombay, Nishant discovered his passion for
healthcare, particularly in addressing challenges in the medical domain. He
joined the BETiC (Biomedical Engineering and Technology incubation Center),
where he began researching medical technologies. His work in this area led him
to focus on the complex and often overlooked issue of diabetic neuropathy, a
condition that affects millions globally. Inspired by the impact this disease
has on people’s lives, Nishant realized that he could combine his technical expertise
with the desire to make a difference in the world of healthcare.
The Birth of Ayati Devices
In 2019, Nishant co-founded Ayati Devices Pvt. Ltd. with the
mission to tackle the growing concern of neuropathy and foot complications
caused by diabetes. Ayati Devices was born out of a need to create effective
solutions for diabetic patients, a group that faces significant challenges in
managing their condition. The company’s flagship product, Vibrasense, focuses
on early detection and prevention of diabetic foot complications. This
breakthrough was driven by the vision of improving patient care while also
making a significant impact on global healthcare systems.
Tackling Neuropathy with Innovation
Diabetic neuropathy, which leads to the loss of sensation in
the feet, often results in severe complications for patients if left unchecked.
Nishant and his team at Ayati Devices set out to solve this problem by
developing a non-invasive screening device called Vibrasense. The device was
designed to aid clinicians in detecting neuropathy at an early stage, allowing
for timely intervention and treatment. This technology offered a simple,
effective, and affordable solution to a growing healthcare concern that had
long been neglected.
Building a Team of Experts
As the company grew, Nishant expanded his team, bringing
together experts in various fields to help refine the product and build a
sustainable business model. The team at Ayati Devices included engineers,
healthcare professionals, and business strategists, all united by a common goal
of improving lives. The diversity of their backgrounds and skills made the
company adaptable and able to overcome the challenges faced while innovating in
the healthcare space.
Recognition and Support from the Government
Ayati Devices was not only backed by its innovative product
but also received recognition from government bodies that recognized the
potential of its work. The company was awarded the BIRAC BIG Grant by the
Government of India, a prestigious accolade for startups in the biomedical
sector. This recognition provided the company with the resources and
credibility needed to scale its operations and reach more healthcare
professionals and patients.
A Leap Towards Global Expansion
With the successful development of Vibrasense, Ayati Devices
expanded its reach beyond India. The device was deployed in over 40,000
locations and exported to more than 15 countries. This global expansion
demonstrated the widespread need for solutions addressing diabetic foot
complications and showcased the potential for Ayati Devices to become a major
player in the international healthcare market. The company’s international
footprint helped raise awareness about the importance of early detection and monitoring
of diabetic neuropathy.
A Groundbreaking Pitch on Shark Tank India
Ayati Devices’ journey took a significant leap when it
appeared on the popular business reality show Shark Tank India in Season 4.
Nishant Kathpal entered the tank with a bold pitch, seeking ₹1 crore for a 2%
equity stake in the company, valuing Vibrasense at ₹50 crore. The pitch
showcased the immense value that Vibrasense brought to both healthcare
professionals and patients. Nishant’s passionate presentation highlighted the
device’s ability to save time, increase diagnostic accuracy, and assist patients
in managing their condition more effectively.
A Deal with the Sharks
During the pitch, Nishant caught the attention of two
Sharks, Peeyush Bansal and Namita Thapar, who were particularly impressed with
the potential impact of Vibrasense. After some negotiation, both Sharks offered
a deal of ₹1 crore for 4.76% equity in the company. Nishant accepted their
offer, marking a pivotal moment in Ayati Devices' growth story. The deal not
only brought financial investment but also gave the company valuable mentorship
and credibility from industry leaders in healthcare and business.
Biography of Nishant Kathpal: CEO & Founder of Ayati Devices - Vibrasense# entrepreneur#startup#age#net worth#investor#shark tank#Vibrasense story
Scaling Up Operations with Investment
With the backing of Peeyush Bansal and Namita Thapar, Ayati
Devices gained the resources needed to scale its operations. The investment
allowed the company to accelerate its product development, expand its marketing
efforts, and reach more healthcare institutions and patients. The exposure from
Shark Tank India further elevated the company’s profile, attracting more
investors and collaborators interested in supporting Ayati’s mission to
transform diabetic foot care.
A Vision for the Future
Looking ahead, Nishant and the team at Ayati Devices are
focused on further innovating their product offerings and expanding the reach
of Vibrasense. Their goal is to ensure that the device becomes a standard tool
in the diagnosis and management of diabetic foot complications. They are also
exploring new avenues to incorporate AI and data analytics into their products
to enhance diagnostic capabilities and improve patient outcomes.
A Company Built on Values
At the core of Ayati Devices is a commitment to innovation,
empathy, and making a difference in the lives of those affected by diabetes.
Nishant and his team are driven by a passion for solving real-world healthcare
challenges and are guided by the belief that technology can improve health
outcomes for everyone. This ethos has been fundamental to Ayati's growth,
ensuring that the company remains focused on creating value not just for its
shareholders but for society as a whole.
Ayati’s Impact on Healthcare
Through their pioneering work, Ayati Devices has already
begun to make a significant impact in the healthcare sector, especially in the
management of diabetic neuropathy. By providing an easy-to-use and reliable
screening tool, the company has enabled healthcare professionals to offer
better care for their patients, ultimately reducing the incidence of foot
amputations and improving the quality of life for diabetic patients. This
impact, coupled with their global expansion, positions Ayati Devices as a key player
in the healthcare industry.
A Legacy of Innovation
As Ayati Devices continues to grow, Nishant Kathpal’s vision
of blending technology with healthcare will leave a lasting legacy. His
journey, from a software engineer to the CEO of a healthcare startup,
exemplifies the power of perseverance, innovation, and the desire to make a
difference. Ayati Devices is not just about creating a product; it’s about
changing lives by solving pressing health issues that affect millions of people
globally. Through Ayati, Nishant is helping pave the way for a healthier and more
sustainable future.
Timeline for story
2019: Co-founded Ayati Devices Pvt. Ltd. to tackle diabetic
neuropathy.
2020: Developed Vibrasense, a non-invasive screening device
for diabetic foot complications.
2021: Ayati Devices received the BIRAC BIG Grant from the
Government of India.
2022: Vibrasense deployed in 40,000+ locations and exported
to 15+ countries.
2024: Pitched on Shark Tank India; secured ₹1 crore
investment for 4.76% equity from Peeyush Bansal and Namita Thapar.
