Mukund BS, Founder of Renew IT Owns CNBC Masterpreneur India Season 2

BANGALORE, India – Mukund BS, Founder of ReNew IT – a Bangalore based Microsoft Registered Refurbisher and provider of refurbished computers, servers and other computing infrastructure received won the coveted CNBC Masterpreneur Season 2. Mukund BS was chosen from over 1800+ applications from across the country via three phase selection process, viz. a zonal round in Bangalore, a semifinal round in Delhi and a final competition in Mumbai. Mukund BS got selected as the winner in the “CNBC Masterpreneur Season 2” for his unique venture Renew IT and its contribution towards bridging India’s wide digital divide, which has outperformed the other nominees. For last 6 years, ReNew IT has been a trusted brand for refurbished computers among its customers across schools, NGOs, small business and low income group of the society.

Commenting on the achievement, Mukund BS, Founder of Renew IT said, “CNBC Masterpreneur Season 2 is a validation of the fact that ReNew IT has been successfully delivering computing needs of lower income group and helping the people, society and a country at a large in its own novel way. At the heart of the digital divide in India is the issue of affordability. We have all seen how low cost cell-phones have transformed the lives of millions of Indians. Unfortunately, there are no options for buying high-quality, low cost computers in the market today. In today’s high-tech world, to get desired employment opportunities, the current generation needs good computer skills. The earlier they are exposed to computers; the better is their chance to a brighter future. Our goal is to help the economically disadvantaged with required computing technologies by making basic computing technology affordable”.

As per the Census 2011 data, India has an IT penetration of 9.5% at a household level. With less than 1 in 10 households having a computer, India has produced a 100 billion dollar IT industry with iconic brands like Infosys, Wipro and TCS with employments to millions of software professionals and indirect employment to a large population of the society who provide services to these IT companies. If the IT penetration in India can be increased to around the 30% mark in China or a 45% mark in Brazil, it will be able to create a high growth impact across Indian economy. Renew IT believes that it can contribute towards this by creating a brighter future for millions of Indians with its mission, “Make Computers affordable to everyone”.

The jury for the final round of CNBC Masterpreneur Season 2 consisted of KEKI MISTRY, Vice chairman & CEO HDFC (Jury Chairman); Chitra Ramakrishnan, MD & CEO NSE; Rehan Yar Khan, Founder Orios Venture partners; Noshir Colah, Operations Partner, Aavishkar; PR Ganapathy, President, Villgro; Sanjay Pugalia, Editor in Chief CNBC AWAAZ and Sunjay Kapur – Vice Chairman & CEO- Sona Group.

About ReNew IT

Founded in 2009, by an IIM Calcutta Alumnus, the Mission of Renew IT is to “Make Computers affordable to everyone”. It has doing this by increasing the number of high-quality (we are an ISO 9001, ISO 14001 and OHSAS 18001 certified organization), low-cost PCs and related parts and accessories available to NGOs, Schools, Small Businesses, Students and other users. The company mainly source computers from large MNCs – refurbish and remarket them. This helps bridge the large digital divide that exists in a country of over a billion people. It sells computers starting from as low as Rs. 4,500/- onwards. Renew IT has refurbished over 10,000 computers in its state of the art facility which is dust proof and has an anti-static work area – Impacting the lives of more than 50,000 Indians through our refurbished computers. Computers in Schools is the CSR initiative by ReNew IT that aims to reduce the disparity by empowering rural and low income schools with ICT so as to create equal opportunities for the future citizens of India.