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Faad Network • 10m
Meet the man from Chennai who supports the education of 200,000 poor students. 1. Born in a middle-class family to an accounts officer, Arun Jain always had an eye for technology. After completing his electronics engineering from Delhi College of Engineering, he interned in software programming at the American computers major - Wang Labs. He was seeing the best in tech but thinking something. 🤔 2. The US had 1000+ softwares, but India was barely touching 100. He wanted to start his firm building software for India. With three friends and a capital of just Rs 20,000, Arun started International Information Systems in 1983. ✅ 3. His idea was simple ⏩ An IT consulting firm focused on providing software solutions to businesses. Starting with a partnership firm, Arun realised the need to create a software hub and change the name. In 1986, he renamed it Nucleus Software Workshop Pvt Ltd, but something happened. 👇 4. One of Nucleus's co-founders left, and Arun needed a new direction. He saw the need for specialised software solutions in the banking and financial services industry. He wanted to pivot again with just Rs 10,000. On 24th July 1993, Polaris Software Lab started in Chennai with a 120 people office in Anna Salai, Chennai. 🙌 5. As Polaris supported with core banking solutions, transaction processing, and risk management, The first client became US's Data General for file systems, and the second was Saudi American Bank for their client-server banking application. And finally, the big client came. 💪 6. Arun had won Citibank as their customer for consumer banking in credit cards, beating players like TCS, Infosys and Mastek. Polaris scaled to a revenue of 264 CR with eight offices in the USA, Japan, Germany, and Singapore. It was listed on the markets in 1999 and became worth 900 CR. 💰 7. Polaris had grown 105% in just seven years and became the "Top 200 Fastest growing companies in the world". On 22nd May 2002, it acquired Citibank's Indian software business - Orbitech, making the largest transaction in India that year. It was worth 2700 CR. 📉 8. By 2014, Polaris had touched revenues of 2424 CR, but Arun wanted to differentiate between product and service business. He demerged the service business to focus 100% on the product business with a different name. In 2014, Intellect Designs Arena was born. 🚀 9. With cloud-native products for complex banking, Intellect clocked revenue of 453.1 CR in just the first year. By 2018, it served 240 customers across 91 countries. Growing 36.4% yearly, it zoomed to a revenue of 1458.7 CR. 💸 10. Today, Intellect Designs Arena clocks revenue of 2506.4 CR at a profit of 548.5 CR. It works with 60% of the World's top banks and is worth 13,619 CR. 💪 ➡️But the best part is that Arun's Ullas Trust has helped over 20 Lakh economically weaker students from 1500 schools across 114 districts in the last 26 years. 🙏
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Faad Network • 10m
Meet the man who started with Rs 13,000 and built an 8000 CR Ice Cream brand. 1. RG Chandramogan was born near the firecracker town of Sivakasi. Although known for matchboxes, his life was in darkness. His father could not run a small provisional s
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West Bengal Tourism • 6m
Software Exports from Software Technology Parks (STPs) in 2023-24 (₹ Crore):💻🇮🇳 Top 10: Bengaluru: ₹4,07,088.72 Cr Hyderabad: ₹1,21,115.57 Cr Pune: ₹1,05,818.98 Cr Chennai: ₹77,421.44 Cr Mumbai: ₹76,564.55 Cr Gurugram: ₹52,931.70 Cr Noida: ₹50,1
See MoreI'm just a normal gu... • 1m
Airtel Payments Bank’s consolidated net profit jumped 82.6% to INR 63 Cr in the financial year ended March 31, 2025 (FY25) from INR 34.5 Cr in the previous fiscal year, driven by strong adoption of digital banking solutions. In Q4 FY25, its profit i
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Faad Network • 10m
Meet the man who started at 22 and is worth 27,000 CR today. 1. At 24, Ajay Piramal had to take over his family's textile - Morarjee Textile Mills, in Bombay after his father passed away. To worsen things, his elder brother parted ways and took thei
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Faad Network • 1m
Gifted 5 CR cars to employees, drives a second-hand car himself. 1. Born in Cuddalore in Tamil Nadu, Suresh Sambadnam was always interested in computers. Although he had secured admission to the University of Madras, he never attended college. At 19
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Faad Network • 3d
Started from a village in Tamil Nadu and built an 8500 CR company. 1. Born in the rural foothills of Pachamalai in Tamil Nadu, Arulmany Duraiswamy used to manage oilseeds orchards, helping villagers overcome financial gaps. Honing his knowledge furt
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