Biswajit Swain (Coratia Technologies)
Overview
Biswajit Swain is a prominent Indian entrepreneur, known for his contributions to the field of underwater robotics and inspection services. As the co-founder and director of Coratia Technologies, he has played a significant role in developing state-of-the-art solutions for autonomous and remotely operated underwater vehicles. Coratia Technologies, established in 2021 and based in Rourkela, India, specializes in delivering comprehensive underwater inspection services using advanced robotic technologies. Under Swain's leadership, the company has gained recognition for its innovative approach, earning accolades such as the iDEX – DIO defense challenge for underwater remotely operated vehicles (UWROV).
Recent Developments
- 2025: Coratia Technologies raised $2 million in a Pre-Series A funding round led by MGF Kavachh, a venture capital fund founded by former defense secretary Ajay Kumar, emphasizing the potential and growth trajectory of the company.
- 2024: The company participated in Shark Tank India Season 3, where it secured a deal with Shark Ritesh Agarwal. The deal valued Coratia Technologies at ₹80 crores, highlighting the innovative capabilities and market potential of their underwater technology solutions.
- 2023: Coratia Technologies was valued at ₹12.5 crores and continued to develop its range of robotic inspection vehicles, enhancing its product lines to cater to various industries including defense, infrastructure, and environmental monitoring.
- 2022: The company secured $164,000 in funding over multiple rounds from investors such as Pontaq, which helped in expanding its research and development efforts.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Biswajit Swain |
| Born | Not publicly available |
| Nationality | Indian |
| Occupation | Entrepreneur, Director at Coratia Technologies |
| Known For | Co-founding Coratia Technologies |
| Net Worth | Estimated at INR 1 Crore (2022) |
| Education | B.Tech and M.Tech from National Institute of Technology, Rourkela |
Early Life and Education
Biswajit Swain's early life details are not extensively documented, but his educational background is firmly rooted in engineering. He pursued his undergraduate degree in Mechanical Engineering at the National Institute of Technology, Rourkela (NIT Rourkela) between 2012 and 2016. Following his undergraduate studies, Swain continued at NIT Rourkela to earn a Master’s degree in Mechatronics and Automation (2016-2017), which equipped him with the skills crucial for his future endeavors in robotics and automation.
His academic training in mechatronics provided a solid foundation that later influenced his professional journey in creating advanced underwater robotic solutions. His education was marked by a strong focus on innovative engineering disciplines, which later translated into his entrepreneurial ventures.
Career and Notable Achievements
Biswajit Swain started his career working in various engineering roles before venturing into entrepreneurship. His major professional milestones include:
- Development Alternatives, NTPC, and SAIL: Early roles in these organizations provided him with valuable experience in engineering and project management, which was instrumental in his later ventures.
- Coratia Technologies (2021): Together with Debendra Pradhan, he co-founded Coratia Technologies, a company focusing on the development of robot-enabled automated underwater inspection services.
- Awards: The company earned recognition for its innovative technologies, including winning the iDEX - DIO challenge for REMOTELY Operated Vehicle solutions.
- Funding Milestones: Successfully raised a total of $2 million through various funding rounds, reflecting investor confidence in their business model and technology.
Current Work and Impact
Currently, Biswajit Swain is actively involved in steering Coratia Technologies towards greater heights in the underwater robotics sector. His efforts in leading the company's strategic initiatives have significantly contributed to its reputation as a pioneer in offering tailored underwater inspection solutions.
Swain’s work impacts crucial sectors such as defense, infrastructure, and environmental conservation by providing precise and reliable underwater data that aid in inspecting and maintaining critical underwater structures. His leadership ensures that Coratia Technologies remains at the forefront of technological innovations in underwater robotics.
Conclusion
Biswajit Swain stands out as a dynamic entrepreneur in India’s technological landscape, particularly through Coratia Technologies’ advancements in underwater robotics. His work not only underscores innovative applications of robotic technology but also paves the way for further advancements in underwater exploration and maintenance solutions. Looking forward, Swain’s vision and entrepreneurial spirit promise to keep driving Coratia Technologies towards new breakthroughs in underwater robotics, potentially leading to broader implications for industrial and environmental applications worldwide.