Vinod Gupta: Billionaire With Humble Beginnings

 

Vinod Gupta was born July 4th in 1946 in Rampur Manhyaran, India. At this time the community he lived in lacked cars, paved roads, running water and electricity. His parents worked hard so he could attend the local school in the community. From 1964 to 1967 Vinod Gupta served in the Indian Air Force.

After his service, he earned a scholarship to attend college in the United States where he attended the University of Nebraska and earned a master’s degree. He later worked for Commodore Corporation as a research analyst. The company wanted him to make a list of all the mobile home dealers in the United States.

Vinod Gupta ordered numerous yellow books to create his own master list because the information he was receiving was not complete. His employer was upset because the yellow books took up too much space in the office and he threatened to fire him if they were not removed immediately. His employer also refused to let him use company time to complete this task, however, he did offer that if he completed a master list he would purchase it from him. Go To This Page for additional information.

Vinod Gupta completed the list, but instead of selling it to his employer, he gave it to him for free but kept the rights to the list. He earned more money from keeping the rights and selling the list to other entities than he would if his employer had purchased it.

The funds he earned enabled him to start his first business called American Business List in 1972. It was in 1993 that he took his company public. By 1997 the company had over a thousand employees and was raking in annual revenues of over $100 million. The company had been renamed to InfoGROUP and it was bought out for $680 million.

Today, Mr. Gupta oversees Focus Group, which is a company, which offers venture capital for database technology startups and acquires struggling businesses to make them profitable.

The Focus Group’s mission revolves around the vision of Mr. Gupta who wants to extend helping hand to new entrepreneurs, who have an idea just like Mr. Gupta. Unlike the early years of Mr. Gupta, these new entrepreneurs will have a sponsor in the form of Focus Group.

Over the years, Vinod has given back to the community and is especially committed to 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://economictimes.indiatimes.com/topic/Vinod-Gupta