BS Marketing Initiative

"Success is not final; failure is not fatal: it is the courage to continue that counts." - Winston Churchill


April 23, 2021 15:21 IST

iAssist Innovations Labs (IAIL) abides exactly by the above words and this is what keeps the people of IAIL to give the best they can. The visionary, Mr. Sharad Kumar, who is the brains behind the organization has a reputation to initiate result-oriented innovations in Businesses. Sharad describes himself as “deeply passionate about technology-driven innovation that provides measurable value gains to businesses across industry verticals.” That also defines the reach of iAssist’s Patented Technologies, which lead to unique and meaningful solutions for its customers.

Since its inception, IAIL has evolved from a startup to one of the most sought after research and development organizations. From a startup company with 5 employees, the company is now a organization of more than 25 IAILians (we pride to call ourselves that). What separates us from other companies is that we never follow a vertical hierarchy in our organization. The CEO is always available on a call and he himself initiated the horizontal hierarchy breaking the regular norm/culture of what others follow. Everyone in the IAIL family take pride in the way we do our work and this in turn, paved the way for all the success that we have achieved as one team.

We never had a doubt about how we approach things and how we conduct Business with the customers. And the awards that we received second this all. Few of them to note are:

  1. Digital Innovation Enterprise of the year Information Technology – Leaders Award

  2. Top 10 ML Start-up of 2021 – SwiftNLift

  3. Promising Startup by India Achievers Group

And so forth…

Covid situation:

Many organizations across the planet have termed this pandemic as the “worst ever” that has occurred after “The great depression” which shook the economy during those times. However, this did not slow IAIL as the company is going great guns; we have recruited the best of minds from the industry (from IITs and IIMs), and with all the great minds working together, we have produced the best of the products in the industry. This resulted in many patented/Patent Pending products and work is going on in the case of many others.

The company is growing leaps by bounds with the addition of advisors such as

1. Anisha Motwani a known name in industry and Independent Board Director in multiple large organizations, ABBOT HEALTH SOLUTIONS LIMITED, Welspun India Limited, L & T INVESTMENTS LTD, Star Health and Allied Insurance Co. Ltd, Atal Incubation Centre to name a few.

2. Mr Suresh Mahalingam having vast experience Independent as a CEO at Tata AIA Life Insurance and now serving as Director & Board Member in several companies such as Aviva India, Principal Asset Management, 5F World, COCO by Navi General Insurance etc

3. Mr Atul Gupta, an INSEAD alumnus, Director at Excel Controlinkage, and advisor in multiple startups such as Skilledge, QBOID etc, he also serves as honorable President EO Nagpur President.

Each of them are the pioneers in their own respective industries and having them as Advisors means a lot for iAssist. The company is going to achieve greater heights with the addition of these stalwarts to the Board as Advisors. So, the pandemic was never an obstacle to the company and its results.


Several of the game-changing products are under the IAIL’s belt, which already have proven to be the best of what was already in the market. Very proud to say that these products have decimated all the competition and won the trust of many customers. And this is just the start.

  • An Intelligent system reading all handwritten proposal forms, doing all business validations and generates a policy within 10 minutes.

  • A Motor Claim to be approved by an AI system with all validations within 15 mins that includes digitalization of all supporting document, due diligence, as well as the business checks and interfaced to the system of records within 15 mins

  • An Intelligent system for a health claim once raised is validated against the tariff(MOU) and past claims availed and finally approved by the system within 8 mins

  • A Quote is issued based on previous insurance policy by simply taking a picture of the current policy in 3-4 minutes. Imagine, a product that can read any type of Invoice, either scanned or system generated, an Invoice getting the approved in a mere 2~3 mins, which used to take 4-5 hours easily earlier.

  • Or a Loan is sanctioned automatically by a system in the microfinance side just by sending WhatsApp of PAN, Aadhar and Passbook front and transaction pages. All due diligence is done by the intelligent system including the Avg Daily balance, Avg Monthly balance, Bank Account Validity, Pan and Aadhar validity and finally the recommendations are made for approval.

  • …and the list goes on….

That’s the amount of difference and impact IAIL has on the corporate market. And the list of satisfied customers just keep growing.

In case you are interested in finding more about what they can do to make your business more optimized, efficient and seamless, you can mail them at or call them on the following number - +91-808-813- 3779/ +91-829-636-1011).


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor