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Faad Networkย โขย 1d
Never took any money for 15 years and built an 8900 CR company. 1. Born in Chennai to an accountant father and a homemaker mother, Venkat Viswanathan was always interested in technology. So much so that in 1990, while studying engineering at IIT Madras, he set up the placement office's first email system even before public internet service had reached India. ๐ 2. He then went on to study at IIM Calcutta and started working at the Chairman's office in the Essar group. As he moved to head business development for European markets at Cognizant in 1998, he saw the untapped field of Data Analytics and wanted to do something about it. ๐ค 3. In 2005, he took a six-month sabbatical and found that companies possessed "gold mines of data" but lacked the expertise to utilize them effectively. Encouraged by his wife (Pramad), he left his job that year and started a company with her. In 2006, LatentView Analytics was born. ๐ 4. The idea was simple โฉ Develop and implement business analytics utilizing data analytics, AI, and machine learning techniques. He started by providing offshore consulting services to Fortune 500 companies, helping them solve their business problems using data. But then 2008 happened. ๐๐ป 5. For three years, Venkat could not find his first breakthrough client, but he kept going. In 2010, he landed Microsoft, helping them optimize their digital marketing spend, performing user and campaign analytics to boost ROI, and standardizing marketing dashboards for global teams. โ 6. As he secured two more American contracts, 90% of his revenue started coming from the USA. By 2013, he was clocking revenues of 48.5 CR at an astounding net profit of 50%. He knew the US was a mature market, so he had to expand to solve core problems. ๐ค 7. He expanded to data engineering, focusing on designing, architecting, and implementing the foundational data infrastructure necessary to support scalable and high-quality analytics. In 2013, He established a new global delivery centre in Chennai, and magic happened. ๐ช 8. By 2017, LatentView had crossed the revenue mark of 239 CR and expanded to Europe with another delivery centre in Bangalore. It grew with a 360-degree" consumer analytics approach to solve ill-defined problems. And the big moment came in 2021. ๐๐ป 9. At a revenue of 306 CR and 30 Fortune 500 clients like Adobe and Uber, LatentView finally went public with its 600 CR IPO that oversubscribed by a record-breaking 338 times. It became the first analytics company to go public and was valued at 3800 CR. ๐ 10. Today, LatentView Analytics generates a revenue of 714 CR, with a profit of 209 CR, and collaborates with over 50 Fortune 500 companies across six countries globally. It is valued at 8929 CR. ๐ช โก๏ธ Despite all the success, Venkat Viswanathan never took any dividends for 15 years and reinvested that back into the company. ๐
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Faad Networkย โขย 1m
Started from Bihar and built an 8000 CR company with 5500 employees. 1. Born into a middle-class family in the southern city of Bhagalpur in Bihar, Mahesh Kumar made everyone proud when he secured admission to Btech at the prestigious IIT Bombay. H
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