'He worked as a security guard': Harsh Goenka shares inspiring story of MyGate founder Abhishek Kumar
Harsh Goenka
took to X (formerly Twitter) today to share the inspiring journey of
Abhishek Kumar
, co-founder of the security and community management app
MyGate
.
Goenka revealed that Kumar, an
IIT graduate
and former
Goldman Sachs
executive, once worked 14-hour shifts as a security guard — an experience that later became the foundation for building MyGate.
'In 2016, IIT grad & ex-Goldman exec Abhishek Kumar became a security guard working 14-hour shifts. That experience of understanding pain points led to his creating MyGate: now in 25,000+ communities, 100M+ check-ins/month,' the chairman of RPG Enterprises posted on X
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He further added, 'Moral: To build for others, first walk in their shoes.'
— hvgoenka (@hvgoenka)
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Founded in 2016 by Abhishek Kumar, Vijay Arisetty, and Shreyans Daga, MyGate helps residents of gated communities manage visitor access, security, maintenance, housekeeping, and other daily services through a unified app.
The MyGate platform is now used by over 4 million residents across 25,000 housing societies in India. It facilitates more than 100 million check-ins every month.
In 2022, MyGate raised Rs 100 crore in a funding round co-led by Urban Company and Acko.
In a previous interview, Kumar shared that the company is targeting revenue of ?165 crore in FY25. MyGate has also been diversifying into new verticals, including insurance distribution. The company secured an aggregator license from the Insurance Regulatory and Development Authority of India (IRDAI) to sell insurance products.
In September 2023, MyGate ventured into the consumer electronics space with the launch of MyGate Locks — a range of smart door locks offering digital home security.
The company's revenue rose from Rs 77 crore in FY23 to Rs 109 crore in FY24. According to Tracxn, its net losses narrowed significantly from Rs 227 crore in FY23 to Rs 39.7 crore in FY24.
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