Ten years ago, on November 29 1999, I sold my previous company, IndiaWorld, to Satyam Infoway. It was a defining moment for me. It was also not an easy decision to make.
Six weeks before the sale actually happened, I was wondering how I would manage to raise venture capital for the business, given that many competitors were doing so. A deal for an investment had just fallen through.
Then, it all suddenly changed. I had not one but two extremely attractive offers to buy IndiaWorld. And in the space of just over a month, the deal with Satyam Infoway materialised. That’s how life is sometimes!
I had not built IndiaWorld to sell it one day. In fact, I ran the business as if I expected to run it for the rest of life. But there are times when one has to think not just from the heart, but also from the head.
Tomorrow: The Announcement