Vinod Gupta: A Successful Indian Businessman

 

Vinod Gupta is without a doubt one of the successful Indian businesspersons. He has established businesses which have rewarded him so much that he has joined the league of dollar billionaires. However, even with his success, he has never forgotten about his humble backgrounds in India. The small town he was born in played an important factor in making him the person he is today. Vinod Gupta attended school in rural parts of India before he was accepted into Indian Institute of Technology. He later moved to the United States and joined the University of Nebraska for a degree in agricultural engineering.

 

His first job was at Commodore Corporation. He was hired as a marketing analyst. One of the tasks he was to handle is gathering a list of mobile home dealers around the country. While carrying out this task, he realized that there was no information or a cohesive list to carry out the task. He had to order for phonebooks in print form in order to create his list. Vinod Gupta realized that the list he had compiled would be of much help to businesses around the country.

 

Vinod decided to creating the database a business idea. He borrowed $100 from a bank and created marketing mailers to send the database information to anyone needing it. Much to the surprise of himself and others, the orders for his database were overwhelming. In 1972, Vinod Gupta made his business official and named it American Business Information. His company expanded quickly as other businesses realized the worth of the business he had put up.

 

In two decades, the company he started with $100 was valued at s$500 million. He renamed the company InfoUSA and ensured that it had an established framework which would enable its transition into a technology-driven database company. He eventually sold Info USA in 20101 at $680 million. Get Related Information Here.

 

Over the years, Vinod has given back to the community and is especially committed to education, especially to Women’s Education. He acknowledges that its one the most effective tools of fighting poverty and as such has been very determined to grow education in India.

 

See also: https://www.crunchbase.com/person/vinod-gupta-1a55

 

 

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