The inauguration of The LIBA "Entrepreneurship-Cell" or the "E-Cell "as it has been christened, was deemed by the presence of one of the greatest entrepreneurs Mr. Ramaraj, the founder of SIFY. Currently Mr.Ramaraj is associated on a part time basis, as a Venture partner/mentor at Sequoia Capital and is a member of the global Board of Trustees of TiE (The Indus Entrepreneurs).
Mr.Ramaraj graced the occasion by giving a very thoughtful speech on how ordinary people became awe-inspiring entrepreneurs using their brilliant ideas at right time. His company started as an Internet Service Company which was listed in NASDAQ. The market cap rose from $360 million to $11 billion in 4 months. How could he achieve it? What he saw was Opportunity and not Scarcity. He grabbed the momentum of the booming Internet Industry and positioned SIFY at the top of the list. During any setback, it was important for any company to show resilience and survive the recession instead of planning for future. All those companies which focused on surviving the recession are very successful today. He explained about five important factors which may bring about a dramatic change in the scenario:
1) Regulation
2) Government Impact
3) Technology
4) Competition
5) Globalization.
His examples of Companies which make use of the prevalent opportunities: Li & Fung Limited is a global trading group supplying high-volume, time-sensitive consumer goods. Garments make up a large part of the Li & Fung business which also covers the sourcing of physical goods such as fashion accessories, furnishings, gifts, handicrafts, home products, promotional merchandise, toys, sporting goods and travel goods. As a Supply Chain Manager across many producers and countries, Li & Fung provides product design and development, raw material and factory sourcing, production planning and management, quality assurance and export documentation to shipping consolidation. Headquartered at Hong Kong, all they do is trading through several countries and not manufacturing. Their annual turnover is $12 billion.
Virgin Mobile makes its fortune by the concept of MVNO. A mobile virtual network operator (MVNO) is a company that provides mobile phone service but does not have its own licensed frequency allocation of radio spectrum, nor does it necessarily have the entire infrastructure required to provide mobile telephone service.
Flipkart.com whose business increases by 100% every month. eShakti.com which makes distinctive designer clothes for women. They offer custom-size as well as standard-size. And their custom-styling option makes it truly unique. Above all, the one quality he felt that was necessary for any company is to quickly adapt to the changes in the environment.
‘Plans are not made in Concrete’ What was missing? The quality he found that was missing in most entrepreneurs is the Stamina to see their companies in the next decade or beyond. What makes us work was the passion and stamina that comes from within and not the incentives we might get out of the work.
Three Mantras for success -
1) Create Social Impact
2) Create wealth and Share Wealth
3) Finally, Have fun!
Followed by Mr.Ramaraj’s speech was talk of another esteemed member of TIE, Mr. Raghu Rajagopal, who is Secretary of the Chennai Chapter of TIE. He has accepted to be the Mentor and Guide of LIBA E-Cell. Mr.Raghu Rajagopal gave a gist of various events that will be conducted by LIBA E-Cell in association with TiE, Chennai chapter. .
With Regards
E-Cell @ LIBA.
Mr.Ramaraj graced the occasion by giving a very thoughtful speech on how ordinary people became awe-inspiring entrepreneurs using their brilliant ideas at right time. His company started as an Internet Service Company which was listed in NASDAQ. The market cap rose from $360 million to $11 billion in 4 months. How could he achieve it? What he saw was Opportunity and not Scarcity. He grabbed the momentum of the booming Internet Industry and positioned SIFY at the top of the list. During any setback, it was important for any company to show resilience and survive the recession instead of planning for future. All those companies which focused on surviving the recession are very successful today. He explained about five important factors which may bring about a dramatic change in the scenario:
1) Regulation
2) Government Impact
3) Technology
4) Competition
5) Globalization.
His examples of Companies which make use of the prevalent opportunities: Li & Fung Limited is a global trading group supplying high-volume, time-sensitive consumer goods. Garments make up a large part of the Li & Fung business which also covers the sourcing of physical goods such as fashion accessories, furnishings, gifts, handicrafts, home products, promotional merchandise, toys, sporting goods and travel goods. As a Supply Chain Manager across many producers and countries, Li & Fung provides product design and development, raw material and factory sourcing, production planning and management, quality assurance and export documentation to shipping consolidation. Headquartered at Hong Kong, all they do is trading through several countries and not manufacturing. Their annual turnover is $12 billion.
Virgin Mobile makes its fortune by the concept of MVNO. A mobile virtual network operator (MVNO) is a company that provides mobile phone service but does not have its own licensed frequency allocation of radio spectrum, nor does it necessarily have the entire infrastructure required to provide mobile telephone service.
Flipkart.com whose business increases by 100% every month. eShakti.com which makes distinctive designer clothes for women. They offer custom-size as well as standard-size. And their custom-styling option makes it truly unique. Above all, the one quality he felt that was necessary for any company is to quickly adapt to the changes in the environment.
‘Plans are not made in Concrete’ What was missing? The quality he found that was missing in most entrepreneurs is the Stamina to see their companies in the next decade or beyond. What makes us work was the passion and stamina that comes from within and not the incentives we might get out of the work.
Three Mantras for success -
1) Create Social Impact
2) Create wealth and Share Wealth
3) Finally, Have fun!
Followed by Mr.Ramaraj’s speech was talk of another esteemed member of TIE, Mr. Raghu Rajagopal, who is Secretary of the Chennai Chapter of TIE. He has accepted to be the Mentor and Guide of LIBA E-Cell. Mr.Raghu Rajagopal gave a gist of various events that will be conducted by LIBA E-Cell in association with TiE, Chennai chapter. .
With Regards
E-Cell @ LIBA.
