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5th Industrial Revolution

Updated: Aug 5, 2020

Pratik Gauri is helping Fortune 500 companies to go from for-profit to for-benefit.

You almost certainly haven't heard of Pratik Gauri but you may well see his name crop up in the future.

From an early age he was fascinated by sharp-minded entrepreneurs like Steve Jobs and Elon Musk. Unlike others, he didn’t long for the millions they earned, but the vision they had behind companies that were positively impacting billions of lives. He knew he had in him what was required to change the world. So at the age of 16, he started his first startup and thus began his entrepreneurial journey. His main aim was to make a positive impact on millions of lives across the world, reports Entrepreneur India.

“I was very clear from day one that I wanted to only start companies which create impact and make the world a better place,” Pratik, now 29 years old, said.

During his journey, he worked with Fortune 500 brands such as Reckitt Benckiser and also ran a $50 million line for Tata Sky by running their trade sales for Delhi. However, he decided to leave his cushy job, and apply his learning to entrepreneurship to solve social problems.

Gauri believes that it’s time for the world to transition into the 5th industrial revolution. He is trying to uproot a long-believed idea among entrepreneurs that profits and purpose cannot co-exist. Gauri with his portfolio companies since the age of 16 has proven that one can make more profits if they have a purpose.

Currently, he is helping Fortune 500 companies go from for-profit to for-benefit. This, according to him, is the 5th industrial revolution. He believes that when one works at the intersection of profits and impact, then the person or that company will generate more profits. 

This idea has not only inspired Gauri, but has also attracted academia, family offices, ultra-high net worth individuals, celebrities, and intellectuals from around the world with a belief that ‘together we can and we will’.   

According to Gauri, the ongoing pandemic has helped him propel his mission to create the 5th industrial revolution. “People now realize the importance of health/climate more than ever and this will help transition us from 4IR to 5IR quickly,” he added.

Gauri's main target is to impact billions of lives positively and, by creating omniwin (win-win) solutions between private sector, government, non-profit, and family offices, he wants to help achieve United Nations Sustainable Development Goals (SDGs).

Industrial revolutions:

  • The First Industrial Revolution 1765: characterised by mechanization (coal mining, steam engine etc.) and was the reason why agriculture started to be replaced by industry as the backbone of the societal economy.

  • The Second Industrial Revolution 1870: massive technological advances in new sources of energy: electricity, gas, and oil. This enabled the internal combustion engine to come into its own; together with an explosion in the demand for steel, chemical synthesis and methods of communication such as the telegraph and the telephone. Finally, the inventions of the automobile and the aeroplane in the beginning of the 20th century capped off the second IR.

  • The Third Industrial Revolution 1969: In the second half of the 20th century, we see the emergence of nuclear energy. The third revolution also brought forth the rise of electronics, telecommunications and, of course, computers.

  • The Fourth Industrial Revolution: started in the dawn of the third millennium with the one thing that everyone uses every single day: the internet.

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