'Pressfile', a contact management application won the 3rd place at the prestigious Macromedia ZDNet India 'Flash Clash' competition 2004 in the 'Rich Internet Applications Category'

Magnet Technologies developed Utkarsh, an open-source operating system for Gujarati, a regional language in India spoken by much of the country's business class.

The OS is bundled with a dictionary, lexicon, localized open office software, and keyboard, and sells for between $45 and $145, depending on where the buyer is located. Other products include SendMax, a bulk mailing program and Bee-hive , a web-based content management system and SMS archive, which helps store and search messages received on your mobile phone. But unless the OS is extended to other languages, which analysts says is not dificult. Magnet will remain a niche player.

 It was the velocity of movement of Magneteers  and their never quenching thirst to achieve the maximum under the vision of it's chief mentor, Nirav Mehta, that brought Magnet Technologies to the helm of things. It was an honor and matter of great pride to be part of a special show on CNBC Asia, called Young Turks.

This show focuses on today's young achievers who are poised to become tomorrow's leaders, by unraveling their past experiences, the challenges they faced and their vision for the future.

Magnet has surfed the lows and the highs of the IT industry and has now reached the pinnacle of success.

First Gujarati Operating System Radix Solutions, Mumbai launched Utkarsh, a Gujarati operating system, releasing the first version in May 2004.

Khushbu Shah, Kartik Mistry, Ankur Patel, Ankit Patel, Atit Shah, Bhavin Shah, Sweta Kothari started working on the project in October 2003, Application in Gujarati encompass email, chatting, messaging, browsing, text editor, movie player, drawing tool, printing, presentations, calculation etc. Nirav Mehta is the Managing Director of Radix Solutions.

Then there is the case of another Mumbai-based netizen Nirav Mehta, the brain behind Magnet Technologies and Magnet e-zine, India's first Internet magazine which started with four computers and as many employees.

Magnet's initial orders came from acquaintances and word-of-mouth publicity but in time the company bagged KPMG India's account and soon spread its wings beyond national boundaries. Today it is doing business in million of dollars with two products - Beehive for content management and WebRover as a search engine - raking in profits.

"Magnet has grown out of a small venture of college friends to a company aiming high, a company that will change the world," says Nirav, Magnet's chairmain and chief mentor. Incidentally, Nirav won Microsoft's 'Imagine the Magic' competition and met Bill Gates.