Reflection of entrepreneurial instincts
Date: Thursday , November 02, 2006
Our man on the cover, Jignesh Shah, has an impressive track record that any entrepreneur would aspire for. He builds technology platforms for digital transactions for financial markets across all asset class-Equities, Commodities, Forex and Bonds. Shah's FT Group has created 8 businesses in less than a decade. That is, on an average he has built one company a year, given that the first two years was involved in product development.
The Group has captured over 80 percent of the market share in online trading in the Indian market, while creating three billion dollar companies. The companies have placed Shah on India's billionaire pedestal in less than half the time his peers in the same industry did.
He has a rare knack of segmenting the market, micro targeting the middle and bottom of the client pyramid. Shah's business vision plus his gift for salesmanship have contributed to his meteoric rise.
Celebrating our ninth anniversary we bring you the ninth edition of si100, an annual listing of the top 100 technology companies founded and managed by Indians in the U.S. The listing not only represents the continuing rise and glory of the Indian entrepreneur in high-tech but also identifies companies. The companies in this year's list display the characteristics of long term visibility, sustained growth, business focus, profitability and customer, shareholder and employee value-creation.
Each year, as we bring out the list, we would like to highlight the fact that the Indian entrepreneurs do not stay as CEOs for long. Indian founders are almost four times less likely to remain as CEOs when compared with non-Indian founders. As we said last year in our si100 issue, an Indian founder being replaced as the CEO only reflects the lack of courage among the breed. Indian entrepreneurs in the U.S. should strive to remain in charge to see their ideas grow to become great companies.
On this note, we present the si100-2006.