
Jason Voorhees
π―ππ― ππππ π΅πππππ
- Joined
- May 15, 2020
- Posts
- 66,980
- Reputation
- 189,199
This is micromax. In the early 2000s it was one of the biggest smartphone companies in the world. In the top 10 with more than 100 billion dollars in revenue with practically unlimited R and D budget but what did they do with so much money. Just bought cheap ass phones from china and sold it in India at a mark up Worked for a few years but how long can you fool customers so it went bankrupt and tanked in the stock market
Remember HCL? One of the biggest computer manufacturers in the world at a time.. Again billions of dollars at disposal but what did they do? Refuse to innovate and just used all that money to line up the execs pockets and as result it was bullied out of the market
Recently Flipkart. A global e-commerce giant that rivaled Amazon in terms of sales and revenue just got moved to Singapore and sold to investors because the founder didn't want to expand and settled for a couple of billion dollars
All these companies that I mentioned above had the potential to become global players rivaling tech giants from silicon valley but they all failed in the long run.
Imo the main reason for this is the Indian mindset. Indian founders and tech companies are too greedy. They work on survivalist agenda and only prioritize short term profits instead of long term growth.
Indian startup founders raise just enough money and make it anbIPO or sell it to another parent company for a couple of billion dollars and retire. They don't want to take risks because Indians being risk averse people don't want to do it because they are afraid to fail
I'm not saying it always works out but risks and placing your bets is what creates mega corporations like Apple, Microsoft, Tesla. All of these companies were on the brink of collapse and bankruptcy at one point but their founders never lost confidence in their products and rose to the top. What is needed are visionaries like Steve jobs, Bill Gates, Elon Musks not people with this cheap curry mindset. All of the IT sector in curryland is for this reason service based because it is easy, high profit and low effort.
Not to mention Indian companie pay peanuts to their employees. Just look TCS, Wipro. All to maximize profits while foreign companies exploit this pay gap by building huge offices in Mumbai, Hyderabad and employeeing the best engineers in the country with good salaries and then grow.
Literally all the companies that came to my tier 1 uni were foreign.
You name the company and they came. Apple, Microsoft, Netflix, Tesla, AMD, Nvidia, Amex, Goldmann Sachs, JP Morgan. List goes on. all of them came to my uni that is in the middle of nowhere lining up at the placement centre eagerly looking for new employees and then swooped in, took the best talent in large placement drives, paid them a fat compensation that made people happy and left. They will all now profit off of these guys . Just like that top talent gone out of the country. Only 2 Indian companies came meesho and Blinkit with decent pay that's it. Even I'm myself an example I worked for an American company MNC why wouldn't I? I got paid 4-5x what Indian companies normally pay
So this is the tech scene in India rn. Companies refusing to take risks and getting destroyed by competition due to lack of Innovation and them paying their employees peanuts so the best talent flocks to foreign companies. This is how it is. Everything is there. Billions of dollars of revenue, huge talent pool but the only thing stopping them all is this cheap stingy curry mindset. As the Indian Google CEO said
'What Indian tech entrepreneurs needs the most rn is the silicon valley's YOLO mindset"


Remember HCL? One of the biggest computer manufacturers in the world at a time.. Again billions of dollars at disposal but what did they do? Refuse to innovate and just used all that money to line up the execs pockets and as result it was bullied out of the market


Recently Flipkart. A global e-commerce giant that rivaled Amazon in terms of sales and revenue just got moved to Singapore and sold to investors because the founder didn't want to expand and settled for a couple of billion dollars

All these companies that I mentioned above had the potential to become global players rivaling tech giants from silicon valley but they all failed in the long run.
Imo the main reason for this is the Indian mindset. Indian founders and tech companies are too greedy. They work on survivalist agenda and only prioritize short term profits instead of long term growth.
Indian startup founders raise just enough money and make it anbIPO or sell it to another parent company for a couple of billion dollars and retire. They don't want to take risks because Indians being risk averse people don't want to do it because they are afraid to fail
I'm not saying it always works out but risks and placing your bets is what creates mega corporations like Apple, Microsoft, Tesla. All of these companies were on the brink of collapse and bankruptcy at one point but their founders never lost confidence in their products and rose to the top. What is needed are visionaries like Steve jobs, Bill Gates, Elon Musks not people with this cheap curry mindset. All of the IT sector in curryland is for this reason service based because it is easy, high profit and low effort.
Not to mention Indian companie pay peanuts to their employees. Just look TCS, Wipro. All to maximize profits while foreign companies exploit this pay gap by building huge offices in Mumbai, Hyderabad and employeeing the best engineers in the country with good salaries and then grow.
Literally all the companies that came to my tier 1 uni were foreign.
You name the company and they came. Apple, Microsoft, Netflix, Tesla, AMD, Nvidia, Amex, Goldmann Sachs, JP Morgan. List goes on. all of them came to my uni that is in the middle of nowhere lining up at the placement centre eagerly looking for new employees and then swooped in, took the best talent in large placement drives, paid them a fat compensation that made people happy and left. They will all now profit off of these guys . Just like that top talent gone out of the country. Only 2 Indian companies came meesho and Blinkit with decent pay that's it. Even I'm myself an example I worked for an American company MNC why wouldn't I? I got paid 4-5x what Indian companies normally pay








So this is the tech scene in India rn. Companies refusing to take risks and getting destroyed by competition due to lack of Innovation and them paying their employees peanuts so the best talent flocks to foreign companies. This is how it is. Everything is there. Billions of dollars of revenue, huge talent pool but the only thing stopping them all is this cheap stingy curry mindset. As the Indian Google CEO said
'What Indian tech entrepreneurs needs the most rn is the silicon valley's YOLO mindset"
Last edited: