Building in the Arena:
A Serial Entrepreneur’s Journey Through Fire

Entrepreneurship begins with passion, but it survives only through discipline, clarity, and relentless execution.
What is Entrepreneurship?
Passion is the spark that awakens possibility, yet entrepreneurship is the battlefield where ideas are tested, refined, and transformed into value. True entrepreneurs don’t just follow what they love; they build systems, processes and products that give their passion a purpose.
Every setback sharpens conviction and every win expands vision.
Entrepreneurship is a journey of resilience, where every setback sharpens conviction and every win expands vision. When passion becomes disciplined action, entrepreneurship becomes more than a career, it becomes a way of life, a force that creates impact, opportunity and enduring legacy.
Journey of Entrepreneurship
Dr. Prakash Mugali’s entrepreneurial journey didn’t begin with a business plan; it began with curiosity.
As a young engineer fascinated by electronics & electromagnetics, he saw possibilities where others saw complexity. In 2003, armed with little more than determination and a belief that India could build world-class technology products, he took the first step. The early years were a mix of bold experiments, financial uncertainties, long nights, broken prototypes and hard-earned breakthroughs.
Every challenge refined him: clients who doubted his companies, projects that failed, machines that refused to work and moments where quitting seemed like the easier choice, but not for him!
He learned to fight back: with discipline from martial arts, clarity from failures and resilience from every small win. Each challenge became a teacher. He rebuilt from scratch, reinvented himself, filed patents, expanded markets and earned National Awards & global recognition.
Over time, the journey transformed from survival to mastery. What began as a struggle to build & survive became a mission: to build cutting-edge microwave technologies, develop advanced materials & clean hydrogen solutions and inspire founders to think boldly.
Today, he stands on two decades of scars and successes, not as someone who had it easy, but as someone who refused to stop. The journey continues – bigger dreams, deeper purpose, and a legacy still being built.
Prakash Mugali’s Businesses

Enerzi Microwave Systems Pvt. Ltd.
Pioneer in Clean Hydrogen & Advanced Materials with Microwave Technologies
Founder & CSO
Founded in 2007
VC Funded Deep-tech Company

Ploutia Finserv Pvt. Ltd.
Financial Services Company
Co-founder & Mentor
Founded in 2024

The HNI Circle LLP
Startup Coaching & Fundraise Services
Partner & Mentor
Founded in 2004

Dattamsh Edtech LLP
Textbook Publishing, Trainings and Services in Advanced Technologies
Partner & Mentor
Founded in 2021

Quickast Makers Space Pvt. Ltd.
Manufacturer of Shell Molded Graded Castings
Co-founder & Mentor
Founded in 2020

Freshfusion Juices Pvt. Ltd. (ARKA)
Premium Health Drink Brand
Co-founder
Founded in 2015 & Exited in 2024

Tonchi Polymers Pvt. Ltd.
Manufacturing of Rubber Profiles and Molded Components
Co-founder
Founded in 2019 & Exited in 2024

Creintors Teknosol Pvt. Ltd.
Designs, manufactures and services hydraulic machinery, special purpose machines (SPMs) and industrial test rigs.
Co-founder
Founded in 2013 & Exited in 2018

Hexlattice Materials Pvt. Ltd.
Graphene & its derivatives Synthesis.
Co-founder
Founded in 2022 & Merged with Enerzi in 2025