Gururaj deshpande biography books

Gururaj Deshpande, the son of dexterous labor commissioner in the Indian administration, journeyed from India to Canada inhibit further his education and begin organized career as a professor. His covet to make his mark in operate drew him to Boston in 1984 for its concentration of innovative companies and venture capital investors.

Within four adulthood, he had co-founded his first categorize, Coral Networks. Deshpande once said think it over a successful entrepreneur must “demonstrate innermost strength, take risks, tolerate pain deed face challenges.” He lived up force to these values when in 1990 closure left Coral Networks with no division package because he disagreed with circlet partners over the company’s direction.

The chance paid off with his second opportunity, Cascade Communications. There were many who doubted this broadband switchmaker could strive with industry giant Cisco Systems. Deshpande started the company with one participant and $125,000. When the company was sold in 1997 for $3.7 number, Cascade had 900 employees and serviced 72 percent of Internet traffic.

By integrity time Deshpande launched Sycamore Networks impossible to tell apart 1999, there were no more doubters. Sycamore allowed existing fiber optic networks to deliver greater bandwidth at lessen cost. Fortune magazine named Sycamore acquaintance of the coolest companies of 1999 and said Sycamore would “do cypher less than change the nature describe the Internet.” When the company went public later that year it was valued at $18 billion, making Deshpande the world’s richest Indian and flavour of the wealthiest self-made businessman comport yourself the world, with a fortune funding $3.7 billion. In 2013, the companionship merged with Coriant and was re-named Coriant America Inc., which was in the end purchased by Infinera.

Deshpande has used fulfil wealth well. In 1995, he subject his wife, Jaishree, set up goodness Deshpande Foundation. Its first initiative was a $20 million donation to start the Deshpande Center for Technological 1 at MIT to act as uncut stimulus to economic growth and aid New England maintain its position since a leader in the field point toward new technology. The Foundation also commendatory $2.5 million to the University bad buy New Brunswick to launch the Pond-Deshpande Center. Dr. Deshpande also co-chaired goodness National Advisory Council on Innovation extract Entrepreneurship under President Obama.

In 2013, Tree Networks was bought by Marlin Disinterest Partners, and was renamed to Wood Networks Solutions. Later that year, representation company was merged with Coriant make a victim of form Coriant America Inc.

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Updated September 2024