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Friday, November 24, 2006
EXCLUSIVE! - Business Today - The New Dotcom Millionaire - Infoedge CEO
In less than a decade, Sanjeev Bikhchandani has turned a garage start-up into India's only listed internet company worth Rs 1,000 crore on the stock markets. Where does he go from here?
It's a recent wintry morning, and Sanjeev Bikhchandani is sitting in a shoebox cabin at his corporate headquarters in Noida, near Delhi. "I never knew going public would require so many of my signatures," he grumbles, trying to clear a small pile of papers on his table. It has been just six days since his internet company InfoEdge began offering shares in itself to public, and much to the 43-year-old entrepreneur's delight, the IPO has been oversubscribed 55 times. There are reasons why Bikhchandani should feel proud about it. For one, it's the first internet stock to list in India and the first since Sify and Rediff listed on the nasdaq during the dotcom boom days of 1999-2000. For another, InfoEdge, which owns the country's #1 job portal, Naukri.com, stands to unlock about Rs 1,000 crore in shareholder value. Not bad for a portal that was born in a garage less than 10 years ago.
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