The Hindu Business Line : Entrepreneurship, a new fad for ISB grads

Hyderabad, March 27 The excitement of taking risk and creating employment appears to be a formidable attraction for some graduates at the Indian School of Business (ISB) than the lucrative placement offers by global majors.

The number of students preferring new business ventures of their own to employment has been on the rise in the placement season this year at ISB with about 20 students teaming up in different groups to start new business ventures.

“We feel that the self-actualisation needs of a person will be fully met by starting a new venture and making it a success,” Mr Ankit Singh from Delhi from Class of 2008 at ISB told Business Line here.

Mr Ankit and his classmates Mr Vijay and Mr Ruchir Bindal are setting at a financial analytics and consultancy firm in Mumbai next month with an initial team of 10.

Ms Sanjna Rao and Mr Pradeep Machineni have just floated a nano technology firm, Photowave Technologies, to offer ‘first of its kind transceiver’ which according to them, would revolutionise the functioning of the broadband.

“Our prototype, patented product will hit market in six months from now and will offer 50 per cent cost benefit over the imported ones,” Ms Rao, who is an engineer by training said.

The enterprising instinct, in a way, is diversified too as Mr Karthik Polsani has recently started a healthcare knowledge process outsourcing firm in Hyderabad.

“I got one major US hospital as my client and work has begun,” he said.

Interestingly, the 50-odd ISB graduates who had become entrepreneurs so far had a mix of business and non-business family background.

“Hailing from a rich business family will be of help as we need not worry for investments and there will be exposure to business deals right from the childhood.

“However, I don’t think family involvement in business is a must,” said Mr Karthik whose family runs a chain of schools and restaurants and IT firms in Andhra Pradesh.

The popularity of entrepreneurship will be increasing in the days to come, according to Mr M. Rammohan Rao, Dean, ISB.

“There are many opportunities in the world and abundance of talent.

This is a perfect set up for new entrepreneurs,” he said.

ISB is offering a two-year placement holiday for those who want to set up their own business.

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