Ashok Soota is an Indian IT entrepreneur with over 30 years of knowledge in the industry. He started Happiest Minds Technologies and held the positions of executive chairman and founder.
|Education||India Institute of Technology Roorkee (IIT – Roorkee)|
|Award||He was awarded the Chiratae Lifetime Achievement Award in 2018.|
Early life and Education
In Delhi, Ashok Soota was born on November 12, 1942. At La Martinere in Lucknow, he earned his senior Cambridge and Interscience degrees in 1958 and 1960, respectively. He graduated from the University of Roorkee in 1964 with a B.E. (Electronics) degree. Later, he pursued his MBA at the Asian Institute of Management in Manila, Philippines.
Soota started his career in 1965 by working for the Shriram Group of Industries in India. From 1984 to 1999, he presided over Wipro Infotech. Under his direction, Wipro’s IT division grew from a $2 million annual run rate in 1984 to a US$500 million annual run rate in 1999.
In 1999, Soota co-founded Mindtree, which has offices throughout the Americas, Europe, and Asia, an estimated 20212 employees, and annual revenues of US$1 billion.
Happiest Minds Technologies, with its headquarters in Bangalore, India, was co-founded by Soota in 2011.
The Samarthanam Trust for the Disabled was founded with Soota as its initial major patron. He served as the first trustee of Ashirvadam, an NGO that supports the underprivileged by providing them with medical care, education, and vocational training.
Ashok Soota was born in what is now known as Pakistan’s North West Frontier Province (NWFP). He was the fourth of six kids. The family was a Murre resident. In the British Indian Army, his father worked as a doctor. The family briefly resided in Delhi following the partition before moving to Lucknow.
He finished his official education in India and pursued higher education abroad. He is an entrepreneur who was instrumental in founding an I.T. externalising business. He has shown that there are no age restrictions. He is regarded as one of the essential entrepreneurs at the age of 77. Despite receiving numerous lifetime achievement awards, he was resolved to continue working on expanding and improving the IT industry.
Ashok Soota Net Worth
What is Ashok Soota’s net worth? What is Ashok Soota’s primary source of income? We know it is nearly impossible to determine someone’s total assets and monthly payments. However, according to many sources, a rough estimate of the net value exists. So what is Ashok Soota’s net worth? Ashok Soota has a $1.10 billion net worth as of 2022.
Ashok Soota – Professional Life
He began his professional life in 1965 with the Shriram Group of Industries in India. From 1984 to 1999, he held the position of President of Wipro Infotech for around 15 years. Under his leadership, Wipro’s I.T. business increased from $2 million in 1984 to a $500 million run rate in 1999.
He helped co-found Mindtree, an Indian multinational IT outsourcing business with offices in Bangalore, India, and New Jersey, in 1999. The company has a workforce of 20,212 people and generates $1 billion in annual revenue. The offices are located across Asia, Europe, and America.
Ashok Soota – Happiest Minds Technologies
He co-founded Happiest Minds Technologies Limited, an I.T. outsourcing business with headquarters in Bangalore, India, in 2011. a company recognized for its infrastructure, security, and product engineering work. The United States, the United Kingdom, Canada, Singapore, and Australia are other countries where it is present.
Three Centers of Excellence—the Internet of Things, Analytics/Artificial and artificial intelligence, and digital process automation—assist the company’s business units. In addition, the company offers services in various market segments, including engineering research and development, travel, media, and entertainment, as well as hi-tech, retail, industrial, manufacturing, banking, financial services, and insurance.
The price range for the shares of Happiest Minds was between 165 and 166 rupees ($2.3). Ashok raised 1.4 billion rupees by selling a portion of his investment. Additionally, compared to 30–50% of its local competitors, the company derives 97% of its revenue from digital services.
Awards and Achievement
- He won the Electronics Man of the Year award from the Electronic Component Industries Association in 1992. (CHINA).
- He was awarded 1994’s IT Man of the Year by Dataquest.
- He was named IT Man of the Year by Computer World magazine in 1997.
- He was honoured in 2002 for bringing the I.T. industry to a point where people could sense its influence in their day-to-day lives. Because of this, the e-information Systems, Security, and AuditAssociation proudly showed him the highest honour of the society’s HONORARY FELLOWSHIP.
- He received the Golden Peacock Award for Technology Leadership and the Indian National Academy of Engineering’s Prof. S. N. Mitra Award.
- At the 2008 Global Summit on Innovation and Entrepreneurship, he received the “Most Innovative People Award,” which was given to the top 10 figures in the world (WSIE). In the area of knowledge innovation, he received recognition.
- He was awarded the Agile Lifetime Achievement Unicom in 2015.
- He was given the Lifetime Achievement Award at the Express I.T. Awards in 2016.
- He received the CyberMedia ICT Business Award in 2018.
- He was awarded the Chiratae Lifetime Achievement in 2018.