Mitul Bid built Rs 120 cr Coditas after overcoming poor IIT grades, failing ventures
Mitul Bid started a software business after overcoming low grades at IIT and trying several ventures. His company, Coditas, now clocks a Rs. 120 crore turnover. Mitul Bid was born in Kenya to Indian parents and moved to India at the age of 19 to pursue his B. Tech at IIT Bombay, where he struggled to keep up with the curriculum despite being a topper at his school in Kenya. His battle began during those years, when he fought back to improve his grades at IIT, then worked in different IT organisations for approximately ten years – during which time he also tried some side businesses without much success – until launching Coditas, a software company, with Rs 1 lakh in 2014. Today, the Pune-based company's clientele include household brands like JP Morgan, Konica Minolta, and Larsen & Toubro, and its revenue has surpassed Rs 120 crore (FY 2020-21). The organisation has worked with around 150 clients over the last seven years. "Since its inception, Mitul...