IIT : Indian Institute of Technology

Pages (1) : [1]

 

E-age Musketeers

E-age Musketeers

There are no wars anywhere, but battles everywhere. And what you need is just comrades in arms. You need partners who will stand beside you shoulder-to-shoulder, share the same vision and fight a good battle and, maybe, stay with you throughout.

The romantics may miss the clang, clamour and adrenaline rush of a real war. There are enough battles to be fought in the corporate world, if you have the guts to pick them up. Especially for an entrepreneur and those willing to give up cushy well-paying jobs to strike out on their own.

Like Porthos, Athos, and Aramis, the three musketeers in Alexandre Dumas classic novel, R Srinavasu, Ajay Kaushal and Karthik Ganapathy have picked their battle nuances well. Their education, for sure, was of great help — all three are IIT and IIM products.

Their common meeting ground was Anderson Consulting, where the three met and realised that there was more to life than just offering consulting solutions. In a sense, the consultants decided to follow their instinct and were out to exploit an emerging business opportunity —in the late 90s, they realised that banks would invest heavily in infrastructure and technology upgradation.

We saw a number of banks drawing up grand plans to invest in technology infrastructure. Then we realised that for banks to get returns on this investment, they will need to launch new services from which new business models will evolve, Mr Srinivasu, called Vasu, says.

When the three musketeers decided to start out, it was the heady days of the dot com boom — circa 1999. Money was flowing in from all quarters and sections for anyone who had an idea to build upon. Which is why, maybe, they named their company IndiaIdeas.com. Though the idea was not to become dot com chasing eyeballs or advertising revenues, the objective was to ride the infrastructure being created by the banks.

We could see a huge opportunity in creating a consumer-led model that would leverage the network, Mr Vasu says. The company was started with the objective of creating an electronic payment gateway and decided to focus on banks as a customer. The three founders decided to raise money not from traditional VCs but from SIDBI so that it could be seen as trusted partners by banks.

Source : http://infotech.indiatimes.com/

Related News from IIT

Uncovering Uwahig: A Pedagogical Tour In The Creation Of Mindulanis Collaborative Production

Nestor Horfilla, Geejay Arriola and Mozart Pastrano, officers of MINDULANI, Inc., the network of Mindanao theatre artists, were exchanging a flurry of text messages in January. They were organizing a team for Mindanao's entry to the Philippine Theater Festival of the UNESCO-International Theater Institute (ITI). What followed was an invitation from Mozart, asking me if I could direct a new collaborative production. I was part of a proposed team to banner MINDULANI. The International Theatre Institute based in Paris is a UNESCO arm that implements culture and arts projects for social development. Manila for the first time hosted this 31st

All sound, no sleep near IGI, govt wakes up

All sound, no sleep near IGI, govt wakes up The Delhi governments environment department has asked Indian Institute of Technology-Delhi (IIT-D) to carry out an extensive study on noise pollution in residential colonies around Delhi airport and also in areas falling in the descending path of planes. The decision came after some senior citizens living in the affected colonies complained that the loud noise of planes at night makes it difficult for them to sleep. We are expecting a reply from IIT-D shortly. They have been requested to suggest some practical measures for curbing noise pollution in the affected colonies, said

Chicago students can get free-ride at engineering school

Chicago students can get free-ride at engineering school CHICAGO Some low-income Chicago Public School students will get a free-ride to a well-known engineering school on the citys South Side. The Illinois Institute of Technology announced a scholarship program today that will pay for C-P-S students who can meet the schools rigorous admission standards and whose families earn less than 40-thousand dollars a year. The program starts next year and I-I-T hopes to pay for college for about 100 C-P-S students over the next four years. More : wqad.com

Hi-speed networking to connect countrys educational centres

Hi-speed networking to connect countrys educational centres Soon most of the educational institutes and research centres of the country will get connected through hi-speed networking so that students can benefit from it. This was informed by the advisor, National Knowledge Commission and former vice-chancellor, University of Pune, AS Kolaskar, who was the chief guest at the national workshop on Current Trends in Computing and Bioinformatics held at Chhatrapati Shahu Ji Maharaj University on Friday. After the inauguration of the workshop by vice-chancellor SS Katiyar, Kolaskar said that he was impressed with the infrastructure of the university. On the issue of bioinformatics,

Mumbai dabbawallahs charm IIT B-school

Mumbai dabbawallahs charm IIT B-school After Indian Institute of Technology Delhi, IIT Kanpur, Indian School of Business and Management, Hyderabad and National Stock Exchange, it was the turn of students of the Vinod Gupta School of Management of IIT Kharagpur to learn the six-Sigma dabbawallah doctrine. Manish Tripathi, director, Mumbai Tiffin Box Suppliers Association, interacted with the students and faculty members of Vinod Gupta School of Management and Nebraska University of Omaha at IIT Kharagpur last Monday. We do not believe in technology as much as we do manual labour and use common sense -- these are the secret

IIT Alumni To Meet In Mumbai

The three-day fourth IIT Alumni global conference, 2006, in Mumbai from December 23 is expected to discuss nation-building projects that IITians could take up, conference chairman Ashank Desai has said. "These professionals have benefited immensely from studying in IITs and it is their turn now to do something for the nation", Desai said. The theme of the conference is "Inspire IITians to Involve and Transform India". Besides, topics like "Building India into a Knowledge Economy" and "Getting the Governance You Want" will be deliberated during the meet for which over 500 former IITians are expected to participate, he said. He

Mobile Advertising Behind Expectations—Time Required

Mobile Advertising Behind Expectations—Time Required Chetan Sharma has a post up on a panel he chaired at the PAN-IIT event on Mobile Advertising - Technical Challenges and Business Opportunities. An interesting thing to look at is what the mobile advertising industry was forecast to be by 2005 by analysts at the turn of the century—between $890 million and $6.8 billion. In 2006 the actual mobile advertising market was $421 million. On the panel everyone was bullish about the industry (not surprising since theyre all in the industry, Infospace, Medio, Google, Voicebox) but they cautioned it will take time because the reach

Prof. Ram Puniyani Comments Indian Christians Decreasing Despite Allegation Of Conversions By Pervez Bari

The atrocities on Christians gained momentum when the saffron forces attained ascendancy in India and took over the reigns of power at the Center and some states. They are being targetted on the wrong notion that Christian missionaries are engaged in conversion by force, fraud and allurement and thereby their population is increasing. The above absurd conclusion of Christian population multiplying is negated by the census figures of last four decades. The Christian population as per 1971 is 2.60 per cent, in 1981 it became 2.44 per cent, in 1991 it was 2.32 per cent and in 2001 it stands

Udaipur sets sail on Mission IIT

Udaipur sets sail on Mission IIT It has the making of a Beijings or a Londons tireless effort to host the Olympic games. It is only that Udaipur is campaigning for a much modest reward for the city — an IIT. The trouble the City of Lakes is taking is, however, not modest in any way. Almost everybody — from students to businessmen and the politicians, too — has joined hands to bring the Indian Institute of Technology (IIT) here. There are rallies and public meetings, and there are representations and letter-writing in Udaipurs full-fledged Mission IIT. With the Centre having

New-format IIT-JEE today, 2.5 lakh to appear

New-format IIT-JEE today, 2.5 lakh to appear Over 2.5 lakh students will appear for Indian Institute of Technology — Joint Entrance Examination on Sunday. These candidates will be contesting for 4,000-odd seats spread over seven institutes in India. With no decision taken on the OBC quota so far, there has been no increase in seats in the IITs. Till last year, students had to appear for three papers — physics, chemistry and mathematics — of two hours duration each. This year, candidates will answer two papers. Negative marking for incorrect responses will continue, however. The management said that the change in the structure