Prabhat Kumar Tiwary Success Story - The Founder, CEO, and CMD of YourOwnROOM

Muskaan Kapoor Muskaan Kapoor
Jan 9, 2023 4 min read
Prabhat Kumar Tiwary Success Story - The Founder, CEO, and CMD of YourOwnROOM

Buying, selling, and renting property has always been a hectic task for people. So, to help people manage their property better, PropTech (property technology) has come to the rescue. PropTech uses information technology to address and transform the various needs of the real estate industry.

Prabhat Kumar Tiwary is someone who is making an outstanding contribution to the field of PropTech in India. He is the founder, CEO, and CMD of YourOwnROOM, a PropTech residential real estate rental and property management company, headquartered in Bengaluru. YourOwnROOM’s Asset Under Management is 1 million square feet valued at over Rs. 400 crores ($50 million) spread across 400 properties in Bengaluru and Pune.

In this article, learn more about Prabhat, his successful journey, career, challenges, and more.

Prabhat Kumar Tiwary - Biography

Name Prabhat Kumar Tiwary
Founder of YourOwnROOM
Startup Founded in 2016
Citizenship Indian
Education Stanford University, Birla Institute of Technology, Ranchi
Position Founder, CEO, CMD, YourOwnROOM
Website prabhatkumartiwary.com

Prabhat Kumar Tiwary - Education and Career
Prabhat Kumar Tiwary - Professional Life
Prabhat Kumar Tiwary - Everyday Lifestyle
Prabhat Kumar Tiwary - Productivity Hacks
Prabhat Kumar Tiwary - Challenges Faced
Prabhat Kumar Tiwary - Inspiration and Beliefs

How YourOwnROOM is Taking on India's Co-Living Market?

Prabhat Kumar Tiwary - Education and Career

Prabhat is an alumnus of Stanford Business School with over 26 years of experience in technology enterprises and startups. He is the Founder, CEO, and CMD of YourOwnROOM, a prop-tech residential real estate rental & property management company with a vision to deliver higher economic returns to both individual & institutional property owners over the property lifecycle.

He has worked in senior leadership and management positions in building and managing IT Services P&L of up to $100 million at Xchanging, MphasiS, Zensar and Hewlett-Packard. He also holds a Bachelor’s Degree in Computer Engineering from Birla Institute of Technology, Ranchi.

Prabhat is immensely passionate about advising and helping technology-based startups build and grow. He brings rich experience, expertise, learnings and a network as a board member or board advisor to several emerging startups and likes to advise and work with them to scale them exponentially and profitably with solid fundamentals. He is known for advising companies like College Counselling Coach, Your Green Canvas, and Jomiso.

When asked if he got a chance to start his career again, what would he do differently? Prabhat said, "Well, I would have started my startup journey much earlier, which would have increased my risk appetite."

Prabhat Kumar Tiwary - Professional Life

Over the last 6 years, Prabhat has been the CEO of YourOwnROOM. They have a very lean management structure at YourOwnROOM and, therefore, he also oversees growth and investments. He supports his operations and commercials teams and also his technology team by providing guidance and oversight. They have a regimental Tuesday and Friday sales, ops, and tech review.

Prabhat's colleague Sanjay Singh is the Chief Operating Officer and Chief Technology Officer. He and Sanjay work very closely with his Accounts and Company Secretary teams, whose work has been outsourced.

Our Core Business is run on YourOwnROOM Proptech Platform that my Technology team has built. The tool also integrates with multiple systems including CRM, IVR, Payments, Project management, KYC etc., said Prabhat Kumar Tiwary, Founder, CEO, CMD, YourOwnROOM.

YourOwnROOM Success Story - Rental & Property Management Startup
YourOwnROOM is a PropTech residential real estate rental and property management company. Discover more about its business, founders, challenges, and more.

Prabhat Kumar Tiwary - Everyday Lifestyle

Monday to Saturday is usually very hectic for Prabhat. He puts in 10–12 hours a day of work as there is a lot of work to do.

Prabhat starts his day early and spends a few minutes planning for the entire day and the week ahead. His weekends are for meeting friends, and he dedicates his Sundays to his family. Before sleeping, Prabhat says that he watches videos and news for a good 30 minutes. Also, he likes to go out for dinners and social catchups and finds them very re-energising.

Prabhat Kumar Tiwary - Productivity Hacks

Prabhat said, "I am a big fan of Apple devices. I love their hardware and software, and they tremendously increase my efficiency and never let me down."

He uses a MacBook Pro and a couple of the latest iPhones and keeps all the devices synced. He relies heavily on Microsoft Office tools and Apple productivity tools like Reminder, Notes, Calendar, and Mail. He and his team also use WhatsApp extensively to share updates and collaborate.

Prabhat Kumar Tiwary - Challenges Faced

Prabhat had multiple failures, more at a micro level than at a macro level. He is someone who sees failure as an opportunity for new learning. As stated by him, β€œEvery time I fail, I reflect, fix my game, register the learning, and move on. I look at failure as a step to success.”

Prabhat Kumar Tiwary - Inspiration and Beliefs

As stated by Prabhat, "Of all the folks, my professors at Stanford Business School during my Sloan Master’s program have left a very lasting effect. Especially my professors who taught strategy, operations, leadership, and entrepreneurship. Their understanding and appreciation of various business insights and knowledge has tremendously helped me shape my beliefs and ideas."

β€œRevenue is Vanity, Profit is Sanity and Cash is Reality.” – This is one of the most simple and powerful quote I have come across and every time I am reviewing my business I remind myself of the same. This helps me stay grounded and focused. Every time I see a company fail or struggle it reminds me of the above quote. It is so simple and powerful, said Prabhat.

FAQs

Who is Prabhat Kumar Tiwary?

Prabhat Kumar Tiwary is the Founder, CEO, and Managing Director of YourOwnROOM, a prop-tech residential real estate rental & property management company.

When did Prabhat start YourOwnROOM?

Prabhat started YourOwnROOM in the year 2016.

What does YourOwnROOM do?

YourOwnROOM is a prop-tech residential real estate rental & property management company with a vision to deliver higher economic returns to both individual & institutional property owners over the property lifecycle.

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