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“All buyouts are mostly emotional decisions explained rationally” said Phaneesh Murthy, CEO, iGate Patni at Client Associates’ Entrepreneur Guru Mantra 2011 at ITC Grand Central in Mumbai on Tuesday, October 18.

Speaking at an event from the lecture series by Entrepreneur magazine, Mr. Murthy shared his experiences and tips on running a successful business with entrepreneurs and venture capitalists.

Editor of Entrepreneur magazine, Mr. Bipin Chandran, and president & editorial director of TV18, Mr. Senthil Chengalvarayan, introduced Mr. Murthy giving a background of his entrepreneurial journey and also of the time Mr. Murthy worked at Infosys and got branded as the other ‘Murthy’.

Mr. Phaneesh Murthy shared how he began iGate with four employees and worked towards a vision of building one of the country’s largest services company with a team of over 20,000 employees. He advised entrepreneurs to believe in their ideas and their potential to make their businesses successful and emphasized on the importance of risk taking. He shared that “I was once asked by someone that ‘I am wondering if I should become an entrepreneur, what should I do?’ I replied no.” He explained then that an entrepreneur must always believe in his idea and potential to make it work and that there is no place for doubt.

He then answered questions from the entrepreneurs on their concerns of bootstrapping, and on his experience of having gone through self doubt and ever having been emotionally driven in his business acquisitions.

Joining the entrepreneurs for dinner later, he answered some candid questions and openly discussed roadblocks in business as the entrepreneurs looked towards him as a mentor for the evening.
Title sponsor for the session was Client Associates, India’s First boutique ‘Family Office Firm’ providing Private Wealth Management services in India. MxM media had joined as the Online Media partner.
About Guru Mantra

Organized by Entrepreneur magazine, Guru Mantra is a lecture series that celebrates the spirit of entrepreneurship. Planned to be organized at premium venues across different cities, the series provides a knowledge sharing forum to the entrepreneurs. As part of the format, every session has a successful entrepreneur as the guest mentor who shares his entrepreneurial journey with the attendees, followed by a Q&A session where the attendees get a chance to ask questions specific to their business. The session ends in a networking lunch/dinner.

About Infomedia18

Infomedia18 [BSE: 509069; NSE: INFOMEDIA], the printing and publishing arm of Network18 is one of the leading publishers of business publications in the country. Its stable includes a number of leading publications like Overdrive, Chip, Better Photography, Better Interiors and AV Max. Apart from these, it also publishes a large number of business to business publications and Yellow Pages. Infomedia18 is also the India partner of Alibaba.com, the world’s largest business to business trading platform.

About Network18

Network18[BSE: 532798,NSE: Network18] is one of India’s leading full play media conglomerates with interests in television, print, internet, filmed entertainment, mobile content and allied businesses. Through its holding in Television Eighteen India Ltd (TV18) [BSE: 532299, NSE: TV-18], Network18 operates India’s leading business news television channels, CNBC-TV18 and CNBC Awaaz. It also runs one of India’s largest Internet players – Web18, as well as one of India’s leading real time financial information and news terminals – Newswire18. TV18 has recently expanded into print with Infomedia18, a newly formed entity following the acquisition of Infomedia, India’s leading player in the special interest publishing and printing operations space. Through its holding in ibn18 Broadcast Ltd (ibn18) [BSE: 532800,NSE: ibn18], Network18 operates in the general news and entertainment space with leading general news channels CNN-IBN and IBN7 and has launched IBN Lokmat, a Marathi news channel in partnership with the Lokmat group. ibn18 also operates a joint venture with Viacom, called Viacom18 which houses the MTV, VH1 and Nickelodeon channels in India – as also Studio18, the Group’s filmed entertainment operation and has launched ‘Colors’, a Hindi general entertainment channel. Additionally, Network18 holds the Group’s online & on-air home shopping venture, Homeshop18, its full spectrum events management venture, E18 and its sports management & marketing division, Sports18. In a pioneering foray, the group recently launched Forbes India, the nation’s first local edition of a foreign news magazine title and the world’s most influential business brand, in collaboration with Forbes media. For more information, log on to www.network18online.com

Tags:
entrepreneur, Guru Mantra, iGate, Patni, Phaneesh Murthy