Rags to Riches Stories of Indian Leaders
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Transcript of Rags to Riches Stories of Indian Leaders
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7/28/2019 Rags to Riches Stories of Indian Leaders
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RAGS TO RICHES
STORIES OF INDIAN
LEADERS
SUBMITTED BY
SHAFALI
OM
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Naveen Jain
SerialentrepreneurNaveen Jainasked for the moon, literally, and got it. His is a typical rags-to-
riches story. Brought up in poverty where even getting a basic education was difficult, today Jain
is amongst the most successful Indian-born Americans.He was ranked 121 on the Forbes 400
Richest Americans.Naveen grew up in different small villages of Uttar Pradesh and occasionally
lived in New Delhi and later at Roorkee to pursue his B.Tech.his early years to be very difficult
and that he never had lived in one city for more than six months to a year and there was no place
for him to call home. Sometimes, he had to spend his day hungrynothing to eat. His father
was a typically honest public servant whose unwillingness to accept bribes made him vagabond
or refugee in his own country.His transfer was inevitable and it would happen frequently
sometimes thrice in a year and was often posted at remotest areas. Despite the acute poverty, he
somehow managed his engineering degree from IIT Roorkee followed by an M.B.A fromXLRI
School of Business and Human Resources.On completion of M.B.A, he was hired by Burroughs
and invited to the United States for year long training.
In 1989, Jain joinedMicrosoftinRedmond, Washington, working in the capacity of Program
Manager. He initially began working onOS/2and then moved on to several of Microsoft's
flagship products, includingMS-DOS,Windows NT, andWindows 95. Jain is listed on three
patents from his time with Microsoft. He later moved to the development of theMicrosoft
Network. Jain left Microsoft in 1996 to form InfoSpace.
http://economictimes.indiatimes.com/topic/Naveen%20Jainhttp://economictimes.indiatimes.com/topic/Naveen%20Jainhttp://economictimes.indiatimes.com/topic/entrepreneurhttp://economictimes.indiatimes.com/topic/entrepreneurhttp://economictimes.indiatimes.com/topic/Naveen%20Jainhttp://economictimes.indiatimes.com/topic/Naveen%20Jainhttp://economictimes.indiatimes.com/topic/Naveen%20Jainhttp://www.xlri.ac.in/http://www.xlri.ac.in/http://www.xlri.ac.in/http://www.xlri.ac.in/http://en.wikipedia.org/wiki/Microsofthttp://en.wikipedia.org/wiki/Microsofthttp://en.wikipedia.org/wiki/Microsofthttp://en.wikipedia.org/wiki/Redmond,_Washingtonhttp://en.wikipedia.org/wiki/Redmond,_Washingtonhttp://en.wikipedia.org/wiki/Redmond,_Washingtonhttp://en.wikipedia.org/wiki/OS/2http://en.wikipedia.org/wiki/OS/2http://en.wikipedia.org/wiki/OS/2http://en.wikipedia.org/wiki/MS-DOShttp://en.wikipedia.org/wiki/MS-DOShttp://en.wikipedia.org/wiki/MS-DOShttp://en.wikipedia.org/wiki/Windows_NThttp://en.wikipedia.org/wiki/Windows_NThttp://en.wikipedia.org/wiki/Windows_NThttp://en.wikipedia.org/wiki/Windows_95http://en.wikipedia.org/wiki/Windows_95http://en.wikipedia.org/wiki/Windows_95http://en.wikipedia.org/wiki/Microsoft_Networkhttp://en.wikipedia.org/wiki/Microsoft_Networkhttp://en.wikipedia.org/wiki/Microsoft_Networkhttp://en.wikipedia.org/wiki/Microsoft_Networkhttp://en.wikipedia.org/wiki/Microsoft_Networkhttp://en.wikipedia.org/wiki/Microsoft_Networkhttp://en.wikipedia.org/wiki/Windows_95http://en.wikipedia.org/wiki/Windows_NThttp://en.wikipedia.org/wiki/MS-DOShttp://en.wikipedia.org/wiki/OS/2http://en.wikipedia.org/wiki/Redmond,_Washingtonhttp://en.wikipedia.org/wiki/Microsofthttp://www.xlri.ac.in/http://www.xlri.ac.in/http://economictimes.indiatimes.com/topic/Naveen%20Jainhttp://economictimes.indiatimes.com/topic/entrepreneurhttp://economictimes.indiatimes.com/topic/Naveen%20Jain -
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In 1996, Naveen Jain startedInfoSpace to provide quick and immediate information on cellular
phones as well as other mobile devices.
After two years, in 1998, he made his idea public and within less than a year, the company was
valued at $35 billion. The idea of InfoSpace seemed crazy to many industry analysts but he
succeed to prove that it truly was worth multi-billion dollars.
Naveens key to success is self-trust, to which he gives utmost priority. He says, if you have
guts to trust your own instinct, its worth pursuing and your efforts will never go in vain.
InfoSpace was his first successful venture which made him a billionaire. In 2002, he quit his own
company due to some irreconcilable differences with the board and the partners and founded
another creative venture a U.S. based public record businessInteliusin 2003.
The company provides information services to consumers as well as businesses which includes
background checks and identity theft protection. Later, he co-founded a privately held seed-stage
companyMoon Expressalong with a group of Silicon Valley as well as space entrepreneurs.
Naveen Jain has been honored on many occasions for his leadership skills, entrepreneurial
success and overall accomplishments including Albert Einstein Technology Medal for pioneers
in technology; Six People Who Will Change the Internet by the Information Week; Top 20
Entrepreneurs by Red Herring and many more. In 2011, he was awarded Light of India
Business Leadership Award by The Times Group for his visionary entrepreneurship and
received the Lifetime Achievement Award at the Red Herring Global 2011 Conference.
http://infospaceinc.com/http://infospaceinc.com/http://infospaceinc.com/http://www.intelius.com/http://www.intelius.com/http://www.intelius.com/http://moonexpress.com/http://moonexpress.com/http://moonexpress.com/http://moonexpress.com/http://www.intelius.com/http://infospaceinc.com/ -
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KALPANA SAROJ
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