What does it take to start a venture from scratch and turn it into a billion-dollar business with a global presence?

Entrepreneurs and investors will have an opportunity to gain insights into four companies in a diverse range of businesses short-listed by TiE Chennai, a part of the The Indus Entrepneurs, a global not-for-profit organisation that nurtures entrepreneurs. The four companies, the Billion Dollar Babies – VA Tech Wabag Ltd, Financial Software & Systems (P) Ltd, Congruent Solutions Pvt Ltd and Magzter Inc – will share their experiences at the TieCon Chennai 2014, a two-day seminar on entrepreneurship themed ‘I can do it’, starting on October 31 in Chennai.

“Our past is not a reflection of our future,” says Balaraman Jayaraman, President and Co-Founder, Congrent Solutions, a technology and knowledge process services provider.

The inflection point for growth came over a year and a half ago when the company devised an enterprise class product for pension providers.

The company identified a critical gap and provided a record-keeping and technology platform which involved over three years’ of work. This is now its “future promise’ as each deal can be a multi-million dollar business, says Jayaraman.

For Financial Software and Systems Pvt Ltd, a payments technology provider that powers retail payments of financial institutions and a range of businesses and Government bodies globally, entry into wholesale payments segment has opened out new avenues of growth, says its managing director, Nagaraj V Mylandla.

Its transaction-based pricing model is a key revenue generator that powers the company with its payment products, services and solutions.

Magzter Inc is among the world’s largest cross-platform online magazine stores and news stand with more than 22 million digital customers offering 4,500 magazines and thousands of titles from over 1,500 publishers. VA Tech Wabag is a Chennai-based multinational company and is an integrated player in water and waste water treatment and recycling. The ₹1,150-crore company is a technology-intensive player offering end-to-end solutions in water for industry and public sector with a track record of 2,250 projects over the last three decades and a presence in 17 countries.

R Narayanan, Chairman, Programme committee for the event, addressing a press conference on the event, said the companies were short-listed by a two-member jury with Anup Bagchi, MD and CEO, ICICI Securities, and Ashwin Narasimhan, MD – Global Corporate and Investment Banking, Bank of America, from over 350 companies nominated from Tamil Nadu.

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