The story of true value computers

The Story Of A Team That Created More Than 10,000 Affordable Computers From Scrap! 

Mukund BS, the 33-year old young entrepreneur was an electronic engineer earlier and an IIM graduate. When he was traveling with his uncle once, an idea of selling affordable computers struck his mind. That is when Renew It came into picture with his cousin Raghav Boggaram as co-founder. Renew It has now grown to a team of seven technicians and sales persons. They collects scrap computers from corporates and sells them at affordable rates to the needy people after the required repair and maintenance.

How it works?

The business model is very simple. They tie up with the corporates and take all their scrap computers. The team of technicians work on it to convert the scrap into a working machine. The process of buying the computers from these corporates is often a long procedure and can take as long as six months. After getting the scrap, the team of technicians start working on it and convert it into a working machine. The process takes around 2-3 weeks depending on the efforts required to fix the old machine.
The organization has sold 10,000 computers so far in a span of five years.

The challenge

Mukund elaborates on this aspect:

“The biggest challenge or should I say fear is that I don’t know what will be the way forward, say, 5 years later as technology is completely evolving”

When he first started working on the idea of Renew IT, computers held an important place in the society as the Smartphones weren’t there. “Now when I see people doing most of their work on their phones I don’t know how useful computers will be in future,” Mukund says.

Another challenge which Mukund faces is the unavailability of right type of scrap. Also, uninformed customers is yet another issue. “Some people in not so developed areas don’t know how a computer works. So sometimes they wouldn’t handle it properly which reduces the life of a machine,” he says.

Scaling Up

The company which started in Bangalore has now extended to Hyderabad and Mumbai. They also provide after-sale services to their clients for free for one year. Started with the initial capital of around Rs. 20 lakhs. They have grown to a capital of around Rs. 50-Rs.60 lakhs.

Thus, we applaud Mukesh and his team for their innovative endeavors in uplifting the less-privileged communities.