24 October, 2020

Valley Of Fortune

Young Indian millionaires bloom like wild flowers, dotting the lists of top fortune-makers and propelling the industry on its growth spiral

Valley Of Fortune
outlookindia.com
-0001-11-30T00:00:00+05:53

IT'S almost as if a million-dollar script is encrypted into the Indian genetic code. For, it's not isolated entrepreneurial streaks—rather, we have hordes of arrivistes, their at times modest credentials offset by that uncanny Indian nose for business. All pushing into key nodal positions on the Silicon Valley's hyperactive circuitboard.

Take the figures for April '97. Samir Arora of NetObjects—listed by Fortune as one of the top 25 'cool' firms in the US—hit the headlines when IBM bought a majority share in his company. On April 22, Hatim Tyabji's VeriFone was bought by Hewlett Packard for $1.3 billion. The number of Indian-owned firms which make over $50 million a year is remarkable. Zarina Kaji's Computer Biz made $74 million in 1996, Naren Gupta's Integrated Systems was at $84 million, and Suhas Patil, founder and CEO of Cirrus Logic, hit $1.15 billion.

Also to be mentioned in the same breathless litany, the launch of the year: K-6, a faster, cheaper chip to power your PCs, from Advanced Micro Devices Inc (AMD). The brains behind K-6: former Intel man Vinod...

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