Introducing the man who founded a ₹12,000 crore company at the age of 69
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- Parts 1
- Time <5 mins
Ongoing, First published Sep 20
Ashok Soota, often hailed as the magic man of the IT industry, took over as CEO of Shriram Refrigeration in 1978, a company that had been posting losses for four consecutive years. Under his leadership, it achieved its first profit in five years. However, his most significant role came six years later. 👇 In 1984, he became the president of Wipro's IT division, Wipro Infotech, and over the next 15 years, grew its revenue from ₹22 crore to ₹2,200 crore, making it India's largest minicomputer company. Even Intel's then-CEO, Andy Grove, sent him a letter of appreciation. But Ashok had other ambitions. 🤔 In August 1999, he co-founded Mindtree with nine other IT professionals and built it to a revenue of ₹455.37 crore within six years. In February 2007, he took the company public with an IPO worth ₹237.72 crore, which was oversubscribed 110 times. Ashok had achieved great success, but challenges soon followed. 👇 to know more about Ashok Soota: https://kanavu.digital/introducing-the-man-who-founded-a-%e2%82%b912000-crore-company-at-the-age-of-69All Rights Reserved
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