From $0.6 Million To $1.38 Billion In Six Years

posted by   ruchir (1089)   25 months ago (www.vccircle.com)

Business World (reg. required) has a nice cover story on N Prasad of Matrix Laboratories. He bought a company for Rs 3 crore (about $0.6 million) in 2000 and exited it at an enterprise valuation of Rs 6,210 crore ($1.38 billion) when he sold the company of to Mylan Labs last week. It's an interesting story of Prasad, who once had been a humble employee at a small pharmaceutical company (a supplier to Ranbaxy Labs), and later built his fortunes through a host of acquisitions and bold moves. If you can make bold and calculated moves, sky is the limit.