Unleashing IT Talent: Empowering Businesses for Success

TalentOnLease - Interview of Daya Prakash

At a time when IT has become an integral part of our lives, the requirement for specialists in the field is immense. TalentOnLease is a leading platform helping businesses find the best IT specialists. Here we talk with the company’s founder Mr Daya Prakash and the challenges and opportunities in front of him.

Tell us something about your background?

After starting my career in 1994 with an IT firm and heading the delivery for a large US organization, I got a break with LG in 2000. During my 13-year stint with LG, I worked at various levels starting with Head of Application to becoming the Chief Information Officer. I was leading the IT operations of the company for India. Subsequently in 2013, I launched my own consultancy to provide small businesses with CIOon-demand services.

How did TalentOnLease start its journey?

The problem of scalability of my consultancy led me to discuss this issue with my friends and we decided to work together to address the skill shortage challenge in the IT industry. We launched a platform that focused on hyper personalization and on demand economy. That was the start of TalentOnLease for providing Techies on Demand. We connected with several mid-sized IT service

Rapid Fire with the Leader

Q What is your biggest aha moment?

When I reflect back on the journey so far, the biggest aha moment for me has been see the value created for all our stake holders. There have been cases where we have been able to provide value to our clients by helping them realize potential revenue as well as overcome cost overrun situations effectively. On the other hand some of our partners have grown big due to business realization from TalentOnLease also have been able to save dollars for them by helping them effectively utilize their bench.

Q What motivates you to keep going?

The fact that TalentOnLease is addressing one of the biggest challenges faced by the industry that is shortage of quality tech talent. Our motto is to provide Right Resources at Right Time and at Right Cost. It is easier said than done and that’s what keeps me motivated.

Q What according to you are the three most important habits to be a successful entrepreneur? Passion, Perseverance and People Orientation.

Q Who did you approach for advice?

I have a set of mentors and entrepreneur friends who are just a phone call away and are willing to give me advise/guidance whenever I need it. It would have been impossible without their support to create a profitable bootstrapped business which is progressing on path of scalability.

companies to create a pool of readily available pre-vetted resources.

What inspires your entrepreneurial journey?

In my corporate career I did extremely well and I was looking for the next level of growth which was possible only through relocation to some other country in my current company or the other option was to switch job. After having spent so many years in the corporate sector, I was looking at a completely new set of challenges and was ready to venture into something new- that’s how the journey of an entrepreneur begun.

What are your views about the recessionary trends?

The economic slowdown and a tough economy are both harsh realities. But we must also accept that there is an enormous potential for the IT workforce especially since the pandemic has boosted the speed of the digital transition. There is immense potential for people who have enhanced their knowledge or upskilled and the demand for IT services will outweigh the supply. People who have not upgraded their skills or acquired new skills may find it to be a real difficult situation to deal with.

What was your biggest challenge and how did you pick up from it? The biggest challenge that we face is in balancing the requirements of our clients with the talent supply we have. Building trust and authenticity on both sides- our clients as well as partners is of utmost importance and a major consideration in running our platform. We try to achieve this by doing reference and background check of our resources.

How do you reach out to your customers and your other stakeholders?

As I mentioned our focus was on building a platform that is trustworthy and authentic. This has helped us acquire a lot of business through referrals from our industry connects as well as existing customers. We are getting a lot of business from the CIO, CXO and founder communities of which I am a an active part. Also, there is no dearth of business to genuine platforms like ours.