Living in a gated community just got a glow-up, thanks to MyGate. If you thought smart locks and digital concierge services were peak modern living, think again. These folks took a simple concept, securing apartment complexes, and turned it into a thriving tech empire that does WAY more than keeping that one nosy uncle from sneaking into the society clubhouse.🚀
The Startup That Went From “Just Security” to “Literally Everything”
It all started in 2016 when three visionary minds, Vijay Arisetty, Abhishek Kumar, and Shreyans Daga, looked at the chaotic mess that is apartment security and thought, “Yeah, we can do better.”
And they did better, even that is an understatement! Really, what began as a security-focused app quickly evolved into what can only be described as the Swiss Army knife of gated living.
MyGate today is not just about checking who’s at your door, it’s about:
- Finding local service providers
- Buying property (because apparently, just renting wasn’t enough)
- Resolving over 6 million helpdesk tickets
- Validating over 6 billion entries
- Handling 720,000 requests per minute, every single day
Talk about efficiency. 🤯
Numbers Don’t Lie, And MyGate’s Are Wild
Let’s talk money for a second, because, well…that’s how you know a company is winning the game.
📈 Revenue in FY24? ₹96.2 crore, marking a 35% YOY increase.
🛑 Net losses? Down by 82%, because turning losses into wins is kind of their thing now.
💵 Total revenue (including other income)? ₹109.1 crore. And guess what? They hit this milestone WITHOUT any external fundraising. Absolute financial flex.
Their strategy?
Sustainability. Instead of burning through investor money like it’s Monopoly cash, they cut costs (without cutting corners), reducing operating expenses by 12.8% in FY24. Employee costs also dropped by 16.5%, meaning they found smarter ways to operate without sacrificing growth.
How MyGate Became the G.O.A.T. in Community Living Tech?
You know a company is legit when 4 million+ residents across 25,000 housing societies rely on it daily. The major metros, Bengaluru, Mumbai, and Delhi NCR, are the heart of MyGate’s operations, but their reach is growing faster than your landlord’s annual rent hikes.
Their business model thrives on:
💡 Subscriptions for their SaaS platform
📢 Brand advertising targeted at specific communities
Not only did MyGate become the go-to app for gated communities, but they also pulled a sneaky move into smart home tech with MyGate Locks, a range of digital locks designed to level up home security. Because if they’re managing the security of an entire apartment complex, they might as well make your front door smarter, too.
The Leadership That Makes It Happen
Every great startup has an origin story that deserves its mini-documentary.
- Vijay Arisetty – Co-founder & Chairman: Former Indian Air Force helicopter pilot, Shaurya Chakra awardee (yeah, dude’s literally a hero), Goldman Sachs VP, and now the brains behind MyGate.
- Abhishek Kumar – Co-founder & CEO: IIT Kanpur + IIM Ahmedabad alumnus, ex-Goldman Sachs VP, and the strategic force behind MyGate’s growth.
- Shreyans Daga – Co-founder: IIT Guwahati and ISB grad, tech expert, and the third pillar holding down MyGate’s innovation.
Together, this trio is proving that you don’t have to invent the next big social media app to disrupt an industry, you just need a solid idea and smart execution (plus a whole lot of late-night hustle).
What’s Next: A Whole New Level of Urban Living
MyGate’s growth wasn’t just about security, it was about building a digital ecosystem that makes urban living easier, more connected, and, dare we say, boujee. Their latest moves include making their subscription-based services even stronger, partnering with brands that want a direct line to gated community residents, and stepping into the smart home devices game like they own it.
But here’s the coolest part: they’re not just thinking about high-end residents, they’re making sure security guards, housekeeping staff, and daily help feel included in the digital shift. It’s not just an app, it’s a whole urban movement.
So yeah, MyGate isn’t just “a gated community app” anymore, it’s literally becoming the gateway to better city living.
And honestly? We’re here for it. 🔥
