Back when entrepreneur Vinod Gupta first came to the US, the technology revolution in India was still a very much unheard of. But nearly 50 years later and having now become a nation where doctors, IT engineers, programmers and financiers have made large strides in their practice, Gupta is becoming part of the movement to make India prosperous. He sends a lot of his money to communities such as small villages and schools so that young people can be a part of a bright future in India and have a chance to succeed in business.
Vinod Gupta actually came from a poor village in India himself, but he studied hard in school and was determined to be the best he could be in life. After graduating from a technology institute, his family saved just enough money up to allow him to go to the US for graduate school at the University of Nebraska. Gupta finished his master’s and then started as a market research assistant at a mobile home manufacturer known as Commodore Corporation. It was while he was here having to locate mobile home dealer clients that he came up with the idea to run his own information business.
Vinod Gupta needed updated listings to find the clients since Commodore Corporation had out of date lists, so he bought stacks of phone books to make his own lists. He had some tension with his superiors at Commodore Corporation in doing this, but eventually he struck a deal with them to sell them the comprehensive list he had compiled for $9,000. Gupta used capital proceeds from the sale to start his own business selling business information. The company made millions selling yellow page data, and Gupta eventually sold it and became managing partner of Everest Group. His current position allows him time to spend in philanthropy.