Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Alumni
  • Login
  • Volunteer
  • Clubs
  • Reunions
  • Bulletin
  • Class Notes
  • Help
  • Give Now
  • Stories
  • Alumni Directory
  • Lifelong Learning
  • Careers
  • Programs & Events
  • Giving
  • …→
  • Harvard Business School→
  • Alumni→
  • Stories→

Stories

Stories

10 Jan 2017

Paying It Forward

Re: Malay Kundu (MBA 2003)
Topics: Social Enterprise-Nonprofit OrganizationsSociety-Human NeedsTechnology-Software
ShareBar

“People find us because everyone has the same problem,” says Malay Kundu (MBA 2003) of his company, StopLift, which is using software and video technology to stop massive losses in retail profits due to theft and checkout fraud.

“Retail inventory shrinkage is a tough problem to solve,” says Kundu, who started StopLift in 2003 after studying the matter as a student at Harvard Business School. Now with a staff of 200, the Cambridge, Massachusetts–based software company is deploying its ScanItAll Checkout Vision Systems to foil a wide array of fraud at the check-out counter, and in doing so, is changing the game for retailers as it turns millions of dollars in losses back to profits for clients on four continents.

Kundu is also changing the game outside his industry—for children in India, especially—thanks to the success he’s had in his business life. His charity, the Kundu Foundation, has, since 2006, provided major funding for Antyodoy Anath Ashram, an orphanage in Kolkata that has saved the lives of hundreds of children. The orphanage, which was first established nearly 30 years ago, currently serves more than 100 children, employs 30 caregivers, teachers, and administrators, and runs a school, a small farm and greenhouse, a pharmacy, and a shrimp farm—all of which are intended to give the children an education, vocational skills, and food.

“The opportunity to help people makes me feel good,” says Kundu. “It gives me a higher purpose. It’s hard to put into words. I’m grateful to be able to help.”

(Published January 2017)

Support the next generation of leaders Make a gift now
ShareBar

Featured Alumni

Malay Kundu
MBA 2003

Post a Comment

Featured Alumni

Malay Kundu
MBA 2003

Related Stories

    • 01 Jun 2010
    • Alumni Stories

    MBAs on a Mission

    Re: Roshini Moodley Naidoo (MBA 2007); Andy Murphy (MBA 2006); Carter Roberts (MBA 1988); Jennifer Scripps (MBA 2005); Cindy Song (MBA 2007); By: Sarah Auerbach;Deborah Blagg;Julia Hanna
    • 29 Apr 2013
    • The Huffington Post

    The RaiseForWomen Challenge

    Re: Dan Koh (MBA 2011); Sheryl WuDunn (MBA 1986)
    • 16 Apr 2013
    • HBS Alumni Bulletin

    A Walkabout to the Ocean

    Re: Andreas Merkl (MBA 1989)
    • 01 Mar 2009
    • Alumni Stories

    Ticked Off

    Re: Nancy Tafoya (MBA 1980)

More Related Stories

Stories Featuring Malay Kundu

    • 27 Oct 2016
    • HBS Alumni News

    Paying It Forward

    Re: Malay Kundu (MBA 2003); By: Margie Kelley
 
 
 
 
  • Explore
  • Explore
  • Explore
  • Explore
  • Explore
  • Explore
  • Explore
  • Explore
  • Explore
ǁ
Campus Map
External Relations
Harvard Business School
Teele Hall
Soldiers Field
Boston, MA 02163
Phone: 1.617.495.6890
Email: alumni+hbs.edu
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Digital Accessibility
  • Terms of Use
Copyright © President & Fellows of Harvard College