10 Most Profitable Tech CEOs of The Decade

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Indians for many years have been taking part in a pivotal position within the world expertise panorama. Indian IT execs have been an vital cog within the equipment operating expertise behemoths internationally. Startups in India, have been witnessing humongous success and giving robust competitors to the well-established corporations throughout the globe. Additionally Learn – Rohit Chadda, The Turnaround CEO Carved Out One other Success Story in 2020

Right here’s a listing of 10 prime tech CEOs in India who’ve scripted huge success tales for his or her corporations by their management type. Additionally Learn – Paytm Registers 2x Progress in Digital Gold; Over 75 Million Prospects Have Transacted 5000 kg Until Now

Vijay Shekhar Sharma, PayTM:

Vijay Shekhar Sharma, the founding father of Paytm which has as we speak turn into a colossal group, stands true to each phrase he wrote throughout essentially the most troublesome instances of his life. Vijay Shekhar Sharma owns an organization whose present worth is over $ Eight billion out there, a dream dreamt when he was struggling to make ends meet with Rs 10 within the pocket. The small boy from Aligarh went from rag to riches and owns essentially the most trusted expertise model in India.

In 2000, Sharma launched one97 Communications, which was to later turn into the dad or mum firm of PayTM. It supplied cell content material in India throughout an period the place folks have been simply getting the cling of utilizing primary telephones. It allowed customers to share cricket scores, jokes, ringtones, examination scores; cell leisure, and knowledge of the pre-smartphone period.

The corporate confronted a setback after the 9/11 assaults as a result of American buyers have been not fascinated by international corporations. The enterprise ultimately picked up, with new buyers pumping in Rs Eight lakh, and shopping for 40% of the corporate’s shares.  Quickly, One97 bought 10 million ringtones in a single month. Based on the experiences, within the yr 2007-08, the corporate made a formidable turnover of 11 crores, and this multiplied by 20 over the following 4 years, pulling in a whopping 220 crores.

In 2010, PayTM was born, and since then there was no wanting again. The straightforward cell app has grown and expanded quickly over the previous 9 years, and as we speak brings simple monetary entry and transactions to thousands and thousands of individuals in India.

Kunal Bahl and Rohit Bansal, Snapdeal:

Kunal Bahl and Rohit Bansal are the founders of e-commerce platform Snapdeal, a day by day offers web site that options low cost affords throughout life-style segments similar to eating, well being & magnificence, leisure and journey. Launched within the yr 2010, the corporate in a brief span of 10 years has managed to create a distinct segment for itself, from a flash deal web site to India’s main on-line market.

The moot purpose behind the success of Snapdeal lies behind its pro-people technique. Earlier than these e-commerce procuring platforms made their foray, a lot of the companies constructed by different corporations have been impressed by the western markets, the place the shoppers have been rather more homogeneous, richer. Nonetheless, GDP per capita in India is far decrease, and a lot of Indians coming on-line would not have that (degree) of earnings.

Snapdeal stuffed this hole by bringing on-line what customers would in any other case buy offline – merchandise which are value-for-money, of a high-quality choice however not essentially branded, and delivered in an enticing manner.

In 2017, the Firm tried to merge with rival e-commerce big Flipkart, however the plan failed. Nonetheless, Snapdeal managed to outlive a yr and impact a turnaround a bit of over a yr after it rejected an acquisition bid by rival Flipkart. “We have been going to fall off a cliff if a name was not taken instantly to proceed to construct the enterprise,” Kunal Bahl wrote in a blogpost on LinkedIn titled, “So, how are issues now at Snapdeal?”. He mentioned that the uncertainty was costing them cash, morale and momentum.

The Japanese funding agency SoftBank—which held stakes in Flipkart and Snapdeal—needed the rivals to merge and create a bigger firm that would tackle Amazon.com Inc. The U.S. retail big Walmart Inc. ultimately acquired Flipkart for round $16 billion in 2018.

Bahl wrote that their finest wager was to go ahead as an unbiased firm—with a transparent marketing strategy. This led to Snapdeal 2.0, a pure play market, the work on which began many months in the past, he mentioned.

Rohit Chadda, Zee Digital

Rohit Chadda, CEO Digital Publishing, is basically credited for driving the exponential development of on-line properties at Zee Media. Acknowledged for his user-first strategy, Chadda’s management high quality brings a contemporary exuberance of youth. Identified for his never-say-die strategy, Chadda threw warning to the wind and energised totally different features to work with renewed vigour. Clearly, issues began to maneuver upwards regardless of the challenges introduced by the pandemic.

By way of impeccable managerial abilities and clear data-driven strategy, Rohit Chadda scripted success tales on the companies he dealt with. When on-line meals ordering was nonetheless at its nascent stage and wanted a change in client behaviour, Rohit took over the cost of Foodpanda and made it one of many fastest-growing companies in India. After Foodpanda, Chadda acquired dine-in funds app Ruplee when its development had plateaued and it was dealing with robust instances. It was Rohit who pivoted Ruplee & launched PayLo – a B2B omnichannel funds resolution within the wake of demonetization.

Rohit Chadda is at the moment working because the CEO for digital publishing enterprise of Zee Group. Beneath his stoic management, Zee’s digital enterprise was scaled to 200+ million month-to-month lively customers, making it the 2nd largest media group in India. Achieved lifetime excessive in each visitors and monetary metrics. Zee Digital launched Eight new model web sites and three new languages beneath his management to broaden the product portfolio to 20 manufacturers and 12 languages.

Sriharsha Majety, Nandan Reddy and Rahul Jaimini, Swiggy:

Began within the yr 2014, Swiggy was then seen as a late entrant to a market that was already dominated by the likes of Foodpanda and Zomato. However inside a brief span of time, Swiggy turned the quickest rising startup. Sriharsha Majety, Nandan Reddy and Rahul Jaimini, founders of Swiggy, adopted each proper factor out there however the driving power behind its success was its glorious logistics operations.

When different corporations averted specializing in constructing a cool app relatively than taking over the arduous activity of constructing a provide chain, Swiggy was satisfied that the one strategy to crack the meals supply market was to construct an in depth logistics community.

Based on a Mint report, Majety and Reddy, the 2 BITS-Pilani graduates, had come collectively in mid-2013 to work on an thought that might totally capitalise on the Indian e-commerce increase. The duo constructed a expertise product referred to as Bundl that aimed to deal with an enormous ache level in Indian e-commerce—delivery items throughout the nation.

With Bundl, Majety and Reddy have been trying to join courier corporations throughout India and assist them coordinate with one another whereas delivering items for small and medium companies. The 2 quickly realized there was an excellent greater alternative. After brainstorming periods, they took the decision to shelve Bundl and, as an alternative, tried to crack the food-delivery house, which of their eyes was ripe for disruption

Byju Raveendran, Byju’s:

Byju Raveendran, a instructor by career, launched BYJU’s – The Studying App, his flagship product in 2011 for college college students. The main target of this studying App was to offer on-line teaching to fourth to 12th class college students. In the present day, the app has greater than 3.50 lakhs annual subscriptions with a mean of 40 minutes a day and greater than 6 million downloads.

BYJU’S Studying App is the biggest schooling firm in India that gives extremely efficient, partaking and adaptive studying applications for college students from lessons 4-12. The academic app additionally affords aggressive exams like CAT, IAS, JEE, NEET, GRE, and GMAT.

Ritesh Agarwal, OYO:

OYO Rooms has been one of the crucial profitable start-ups in India. The corporate has over 23,000 inns, 8,50,000 rooms and 46,000 trip properties throughout the globe. Many specialists consider that the primary purpose behind the success of OYO rooms is that it has managed to unravel the problem of affordability, cleanliness in addition to the supply of finances inns throughout all Tier-I and Tier-II cities within the nation. Within the Oyo mannequin, inns should not owned, as an alternative, Oyo ties up with sure inns and acquires just a few rooms to be given to individuals who need to avail the companies of OYO.

Ritesh Agarwal, founder and CEO of OYO, is without doubt one of the most profitable entrepreneurs in India as we speak. The 26-year-old entrepreneur had gained sufficient success by understanding enterprise wants and constructing one thing that individuals need. OYO Rooms was nothing however an thought to create India’s largest chain of environment friendly, younger, standardized rooms with an intention to construct the best chain of no add-on rooms which could not have Spa, Gymnasium and many others just like the star inns however will reside as much as the fundamental requirements & excessive expectations for costs like by no means earlier than.

Bhavish Aggarwal, OLA:

Bhavish Aggarwal, the 35-year-old IIT–B Graduate, is the founder & CEO of India’s hottest Cab Aggregator OlaCabs. Popularly often called Ola, the OlaCabs was first began as a web-based cab aggregator in Mumbai, now resides in Bangalore, and can be recognized to be one of many fastest-growing companies in India, beating its rivals Uber & Meru.

In 2010, Bhavish based “OLA CABS” in Bengaluru with Ankit Bhati and was formally owned by ANI Applied sciences Pvt Ltd which was a re-branding of his earlier enterprise. Based on Bhavish, “Anybody can construct their very own enterprise and anybody can have marketing strategy, however they should have the very best strategic planning and the precise sort of execution. All the time a zero stock can be startup if folks can execute it the precise manner.”

Hari Menon, Bigbasket:

Bigbasket is without doubt one of the largest on-line meals and grocery shops owned and operated by Progressive Retail Ideas Personal Restricted. Beneath Bigbasket there are over 1000 manufacturers and greater than 20,000 merchandise. Hari Memon, the CEO and founding father of Bigbasket, accomplished his commencement from Birla Institute of Expertise and Science, Pilani and likewise holds an MBA (Grasp of Enterprise Administration) diploma from Carnegie Mellon College.

Hari Menon had an unlimited area of concepts and enterprise when in comparison with different such start-ups. In the present day, the web grocery retailer has glad clients as a result of they didn’t hurry to broaden it horizontally. It affords an in depth vary of meals and grocery merchandise together with contemporary Fruits and Greens, Spices and Seasonings to Packaged merchandise, Rice and Dals, Private care merchandise, and Drinks on the lowest worth.

Naveen Tewari, InMobi:

Naveen Tewari, a really well-known title amongst the enterprise group, is the Founding father of InMobi. With over 100 billion discovery periods on cell, greater than 1 Billion month-to-month lively customers unfold throughout 160+ International locations, and 138 Billion month-to-month advert impressions, InMobi holds the biggest and essentially the most reliable advert community on the earth.

The corporate might be counted as one of many very uncommon India-based platforms which are defining the mobile-first buyer engagement by way of its checklist of merchandise starting from app distribution & monetization to model commercials. Yamaha Motor Co, Microsoft, Adidas, Lancome, are a few of InMobi’s shoppers.

Amit Jain and Anurag Jain, CarDekho:

Owned by Amit Jain and Anurag Jain from Jaipur, CarDekho, is within the easiest phrases an internet portal that has virtually something and every thing about an car. The portal not solely lists automobiles for commerce but additionally offers a number of companies similar to insights in regards to the car world, contemporary updates like lately shot automobile photographs and movies, automobile options, costs or different automobile specs in essentially the most delicate language for everybody to know. Beneath a pondering management, CarDekho has aggressively labored in the direction of changing into the biggest private mobility ecosystem within the nation.

Amit and Anurag each have been each IIT­-Delhi grads and had spent roughly Eight years within the company world with TCS & Trilogy. CarDekho has their very own e-store for car equipment similar to stickers, ground mats, scratch removers, polish, cell chargers, shampoo, navigators, seat covers, tyres, alloy wheels, automobile stereos, automobile perfumes, solar movies, and many others.  CarDekho group owns and operates CarDekho.com, Gaadi.com, ZigWheels.com, Powerdrift.com, BikeDekho.com, OTO.com in Indonesia and Carmudi.com.ph in Philippines.

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