Two College Drop Outs Are Now Owners of Rs 20,000 Crore Worth Company

Its really amazing sometimes how hard work can take you from absolutely nothing to something incredibly special. Similar is the case with brothers Divyank Turakhia and Bhavin Turakhia, who started with Rs 20,000 given by their father and now earn a firm which is worth Rs 20,000 Crore, each of them having Rs 10,000 Crore private property.

Born in a middle class family in Mumbai, they grew up in Juhu and Andheri and their love affair with computer began at a very young age. Divyank, who very interested programming, built a stock market stimulation game with his brother to monitor stock market prices.

Picture Source: Kenfolios

With time, they gained a lot of knowledge about computers, coding and programming and wanted to pursue a future in that field. But Divyank had joined a college to complete B.com and that was exactly the time when both brothers wanted to start their own company. To add to it, they didn’t have enough money to start off their business as well.

In 1998 came a turning point in their life as both these brothers somehow convinced their father to drop out of college and took a loan of Rs 25,000 from him to start off their business. Full marks to their father as well, who let his teenage sons pursue their dreams instead of thinking what the society would think of and it eventually paid off quite well for their family.

Over the last 18 years, both these brothers have launched 11 start ups under the banner Directi. They have over 1,000 employees working for them and over 10 Million users from all across the world are utilizing their services. The annual growth rateof the company is 120%, which is way high than many other top brands across the world.

They also started Media.net, which was launched to counter Google Adsense, who were doing incredibly well as an ad publishing and ad distributing agencies. That indeed was a brave move to counter Adsense, but eventually, that proved to be a master stoke by the brothers.

Currently, many local and international websites use the services of media.net and are reaping great benefits through it. Media.net works from New York and last year, they managed to incur a total of Rs 1554 Crore.

After building such a brilliant firm, they eventually decided to sell their company. A Chinese agency bought their company for a whopping $900 Million, which is closely Rs. 6000 Crore in Indian currency. In this case, they have managed to go past the likes of Google, who bought Ad Mob for $750 Million and Twitter, who bought  Mopub for $350 Million.

The Turakhia brothers will be remembered for a long time as one of the first internet entrepreneurs in India and its important to remember a fact that neither of them had an engineering degree or anything else. Both had great knowledge about what they were doing and most importantly, they were passionate about their work.

These examples prove a fact that if children are allowed to follow their dreams, they will succeed surely, maybe slowly. But its important to let them live their life according to their will and parents should be the one’s who should keep encouraging them to do what they believe is right.

 

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Written by Anuraag Peesara

A philanthropic, self-obsessed individual, sometimes tedious, sometimes edgy, yet the positive vibes keep me alive. Stay calm, be yourself, its your life, do it your own way., my way is expressing via writing (typing rather).

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