The Classic Tale Of A Man Named Vinod Gupta

 

A success story can take many forms in the business world. An individual can be born into wealth and achieve great things, while others come from an unfortunate background and work their way up through society. The latter describes India born Vin Gupta, who dreamed of great things since he was a child. He wanted a good education, and thus he studied at the University of Nebraska in the United States. His journey is further expanded upon in a recent Ideamensch interview.

 

The story of Vinod Gupta truly begins during his post college life. As a fresh college graduate, he was hired by a firm to conduct research. They wanted a full list of any company who might be interested in their product. Considering the time period, he had to compile this entire list from scratch. He spent countless hours researching and finding all the required data. It was at this point when an idea popped into his head of how revolutionary this would be for the average consumer and business alike. Get Additional Information Here.

 

Vinod Gupta completed the task as assigned, but he soon took out a bank loan and pursed the idea of information availability to more individuals. The first step was building up a company named InfoGROUP. He later sold off the company for millions of dollars, and restarted his career from a new angle with Everest Group. In this new position, he can support the advancement of the industry from the sidelines through in high potential start-up concepts.

 

The future of information technology looks brighter than ever. Anyone can find directions, GPS data, pictures, and local recommendation from their smartphone. Vinod Gupta is looks to the advent of smart technology and how it will affect consumers in finding and collecting information. It’s the golden age of information sharing in numerous ways.

 

View source: https://ideamensch.com/vinod-gupta/

 

Vinod Gupta: The Secret To Business Productivity

 

Vinod “Vin” Gupta can be described as a self-motivated, well-rounded businessman. After the transformation of a $100 bank loan into a $680 million sale of a company, Vin accumulated his vast operational experience to create his current venture, Everest Group.

 

Everest Group majors in supporting the operations of under-performing assets, providing venture capital for the database technology sector and supporting distressed companies to become profitable. Vin is known for his charitable nature, having built a Girls’ school in his village to provide access to Women’s Education and created numerous fellowships for future students in the science, business, and management sectors.

 

According to Vin Gupta, his business changes in accordance with the advancement of technology and the demand for databases on new platforms. Vin admits that the need for location mapping and database technology has risen incredibly within recent years. In future, Vinod looks forward to seeing the methods with which the potentially intuitive technology will provide instantaneous information to individuals who are not aware of the database information they are searching for. Read This Article for additional information.

 

Vin Gupta maintains his productivity by focusing on long-term goals, metrics, and growth, to which he advises that it requires the dedication of time, energy and the thoughts that those long-term goals deserve. Vin mentions that the secret of maintaining a strong team is by frequently engaging the members, keeping them updated with company-related news and also making the members feel like they are part of the bigger picture. He admits that recognizing employees’ input and seeing them as a vital part of the operation’s success highly motivates individuals and makes them feel right about their production.

 

To continuously grow his company, Vin and his team are involved in the combination of poorly performing assets, learning about aspiring technology-based startups and increasing the portfolio of the company. Vin is especially keen on the selection of companies work with and the manner with which to reverse a failing business into a profitable one.

 

View Source: http://blogwebpedia.com/good-investments-vinod-gupta-proves-sustainable-strategies-are-working.html#.WzviPi2ZM_U

 

JD.com Has Successfully Revived The Traditional Books Stores In China

Traditional book stores are experiencing challenges including fierce competition and declining sales and traffic. A revival is occurring in China due to JD.com. or Jingdong. This is the biggest retailer in the country and includes an online book business. The company provides 49 offline book stores with book procurement, technology and logistics. The company also provides services to retailers including restaurants and consumer goods manufacturers.

 

Jingdong developed technology for their eCommerce business, increased sales for offline stores and modernized their supply chains. Jingdong is working with a book store in Guangzhou called Tangning Books. The store managed in excess of sixty book suppliers prior to their partnership in 2017 with JD.com. The inventory was replenished through JD.com each week to decrease delivery delays and labor costs. During this period, profits increased seventeen percent and sales grew thirty percent.

 

The partnership between Jingdoong and Tangning Books, enable the latter to decrease their turnover from more than a year to 220 days. Jingdong provided analysis capabilities regarding customer behaviors and books tailored for their customers. This resulted in an increase in sales. The founder of Tangning is Ningxin Lu. Ningxin stated the business would not have a competitive edge without the supply chain expertise and technology of JD.com. Another issue was the inability to stock all the requested books in a limited space.

 

Due to the inventory of JD.com, Tangning Books customers can scan the QR codes for books not available in the store and receive delivery within 24 hours. This enables the two businesses to work as a team and share the profits for the sales. The General Manager for JD Logistics value supply chain is Haifeng Yang. Haifeng stated the expertise in inventory and supply chain management, technology and big data provided by the Jingdong platform could benefit numerous additional businesses. Read This Article for related information.

 

A lot of companies beyond retail have benefited from the solutions offered by Jingdong. One of the most famous restaurant chains in China is called Wang Shun Ge. Jingdong Mall made it possible for them to reduce the delivery costs for their restaurants by half while increasing the speed of their shipments. This became possible when the restaurant chain started using JD.com for logistics and procuring kitchen ingredients in 2017.

 

See Also: https://cn.nytimes.com/technology/20180619/google-china-jd-com/

Vinod Gupta Made $100 Into A Multi-Million Dollar Company

 

Vinod Gupta, an Indian-American entrepreneur is quite an example of someone who’s done more with less throughout his life. He had little resources to work with when he began his company, InfoUSA, but over the years Vinod put his innovation and strategic planning to work to build a company generating over $700 million in revenue. He was able to find new ways to market business-to-business information and compiling up-to-date database that adapted to new technology over the years, and he’s also been a part of philanthropy that he’s contributed over $50 million to.

 

Vinod Gupta came from a working family in a remote Indian village known as Rampur Maniharan, and though they had very little money, they were able to get him through high school and accepted to the Indian Institute of Technology. From there, he came across the opportunity to enroll in graduate school in the US and then took a job at a marketing research department of a mobile home manufacturing company.

 

Through a series of events here that had Vinod Gupta digging through yellow page phone books and needing to find information about potential company clients, Gupta was allowed to take that information and sell it to the company’s competitors. Using $100 to invest in mailers, Vinod Gupta began selling the information and that was the beginning of InfoUSA.

 

Vinod Gupta sold the yellow page information to other mobile home dealers first, but then he included automotive dealers and suppliers, HVAC companies, and other industrial clients. Eventually his company had a database of every US yellow page phone book and it became publicly-traded on the NYSE. Gupta sold InfoUSA for $680 million in 2010, but that was far from the only accomplishment he had. See Related Link for additional information.

 

He also helped start several business schools and polytechnic institutes back in India, and he contributed to US university scholarships. Gupta also has worked with the “Clinton Global Initiative”, and at one point he was a Consul General to Bermuda.

 

Related Article: https://economictimes.indiatimes.com/topic/Vinod-Gupta