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T HE E CONOMIC T IMES Now with The Economic Times, five days a week, Monday to Friday Colour me happy Tips to keep the Monday blues at bay P2 ADVERTORIAL & PROMOTIONAL FEATURE www.etpanache.com BIG SHOT SETTING GOALS Barcelona’s match winner Sergi Roberto cuts a stylish figure in designer casuals just a few hours before a historic performance at the Camp Nou. Barcelona overturned a 0-4 first-leg deficit against Paris Saint-Germain with a 6-1 demolition in the second leg. Roberto scored the sixth goal in the dying minutes, which ensured Barcelona’s progress to the next round PIC: SERGI ROBERTO/INSTAGRAM businessinsider.in You’ve just splurged on the latest iPhone 7. Now give it a makeover. Luxury fashion house Louis Vuitton has debut- ed a new product called the Eye-Trunk, which is a leather iPhone 7 case designed to pay tribute to the company’s origins as a trunk designer. But outfitting your phone in couture will cost you: The lowest-end case costs more than $1,100, while the priciest version will set you back well over $5,000. The Eye-Trunk in “pre- cious Golden Crocodile leather” retails for $5,050 to $5,500. But if that’s a bit out of your price range, there are a few more options in the $1,000 range: The tradi- tional Monogram version costs $1,180 for an iPhone 7 and $1,250 for an iPhone 7 Plus. There’s a Monogram Eclipse version, too: a black and grey ver- sion with the company’s famous logo. Unfortunately, the Eye- Trunk is not available on- line just yet — for now, it says to call the company for more information. HAUTE CASE: A $5,000 makeover for your iPhone The leather phone covers by the luxury fashion house pay tribute to the company’s origins as a trunk designer $5,000 businessinsider.in Nathan Blecharczyk Age: 32 Estimated wealth: $3.8 billion The Harvard gradu- ate was working as a product manager at Microsoft when his former roommate Joe Gebbia recruited him to co- found Airbnb. As the current CTO, he led the company’s recent push into Cuba. Patrick Collison Age: 27 Estimated wealth: $1.1 billion The cofounder of Stripe, a US-based technology company, dropped out of MIT to partner with his brother John and pursue an entrepreneur- ial path. Their start-up was most recently valued at $5 billion. Sachin Bansal Age: 35 Estimated wealth: $1.4 billion In 2007, Bansal teamed up with Binny Bansal to co-found Flipkart as an online seller of books. Today, it’s one of the top internet retailers in India, with around 30 million products and at least 44 million registered users. Mark Zuckerberg Age: 32 Estimated wealth: $56.7 billion The Facebook co- founder and CEO became the youngest self-made billionaire in history at age 23, thanks to Facebook’s I P O . Today, Zuckerberg and his wife Priscilla are the ninth wealthiest couple in the world and philanthropists. Dustin Moskovitz Age: 31 Estimated wealth: $10.9 billion The Facebook cofounder was the company’s first CTO. He left to launch Asana in 2008 with fellow Facebooker Justin Rosenstein, but Moskovitz still holds a significant stake in the company. Evan Spiegel Age: 26 Estimated Wealth: $5.5 billion Snap cofounders Evan Spiegel and Bobby Murphy added a combined $2.8 billion to their fortunes last week through their IPO — and became the only self-made billion- aires in the world under the age of 30 to own a publicly traded company. Spiegel founded Snapchat in 2011 while at Stanford University. The app allows its users to send dis- appearing images and videos to friends or post them for 24 hours on their public profile. Ryan Graves Age: 33 Estimated wealth: $1.58 billion Ryan Graves was the first employee hired at Uber, the ride-hailing ser- vice. In August 2016, Graves stepped down from his role as president and replaced by Jeffrey Jones. He, how- ever, was stayed on at Uber as the company’s “resident entrepreneur and builder” . They made their money Some take decades, while some strike gold at a tender age. Take a look at some of the youngest self-made billionaires ruling the corporate world today How ‘Attila the Hun’ changed Mahindra’s business approach rashmi.menon @timesgroup.com The adage goes: every cloud has a silver lining. And Anand Mahindra has found one to US President Donald Trump’s new US work visa regulations, which have made even the best of Indian tech stocks tumble and fumble. The executive chairman of the Mahindra Group, however, looks at it as a big opportunity. “This is a cli- ché, but any disruption or discontinuity is an opportu- nity,” Mahindra said during the recent NASSCOM event. He spoke from experience — one of his companies had tackled a similar crisis a few decades ago. Tech Mahindra was earlier called Mahindra British Telecom, “which, ironically, was started back in 1985. So, we were one of the pioneers,” Mahindra said. Describing the company as a sweatshop, Mahindra said the company gradually started to diversify its custom- er base and working in areas that TCS, Infosys and Wipro are active now. “We still had British Telecom as a large client and then they got this particu- larly forceful CIO who was given a mandate to cut cost,” Mahindra said. “We had 70:30 ratio of offshore and on- shore business [at the time]. He said, “I want it to be 90:10 in six months’. We looked at him as if he was Attila the Hun. He didn’t understand business; was completely unreasonable and had a personal agenda. We were forced to do it.” Today, Mahindra said, they look at the CIO with gratitude. “What he did com- pletely changed our model of business and lowered our costs dramatically,” he said. “We are talking about IT now becoming on the cloud, being an app, then why on earth is it that we should worry so much about onshore pres- ence?” . fortune telling Anand Mahindra Donald Trump PICS: ASHWANI NAGPAL, N NARASIMHA MURTHY, BLOOMBERG, BCCL PICS: NISHIKANT GAMRE, BLOOMBERG BENGALURU, FRIDAY, 10 MARCH 2017

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Page 1: They made their money How ‘Attila the Hun’ changed Mahindra’sepaperbeta.timesofindia.com/NasData/PUBLICATIONS/THEECONOMICTIMES/... · How ‘Attila the Hun’ changed Mahindra’s

THE ECONOMIC TIMES

Now with The Economic Times, five days a week, Monday to Friday

Colour me happy

Tips to keep the Monday blues at bay

P2 ADVERTORIAL & PROMOTIONAL FEATURE

www.etpanache.com

BIG SHOTSETTING GOALS

Barcelona’s match winner Sergi Roberto cuts a stylish

figure in designer casuals just a few hours before a historic

performance at the Camp Nou. Barcelona overturned

a 0-4 first-leg deficit against Paris Saint-Germain with a 6-1

demolition in the second leg. Roberto scored the sixth goal

in the dying minutes, which ensured Barcelona’s progress

to the next round

PIC

: SE

RG

I R

OB

ER

TO/I

NST

AG

RA

M

businessinsider.in

You’ve just splurged on the latest iPhone 7. Now give it a makeover.

Luxury fashion house Louis Vuitton has debut-ed a new product called the Eye-Trunk, which is a leather iPhone 7 case designed to pay tribute to the company’s origins as a trunk designer.

But outfitting your phone in couture will cost you: The lowest-end case costs more than $1,100, while the priciest version will set you back wel l over $5,000.

The Eye-Trunk in “pre-

cious Golden Crocodile leather” retails for $5,050 to $5,500.

But if that’s a bit out of your price range, there are a few more options in the $1,000 range: The tradi-tional Monogram version costs $1,180 for an iPhone 7 and $1,250 for an iPhone 7 Plus.

T her e’s a Mono g r a m E c l i p s e v e r s i o n , t o o : a bl ack a nd g r ey ver -sion with the company’s famous logo.

Unfortunately, the Eye-Trunk is not available on-line just yet — for now, it says to call the company for more information.

HAUTE CASE: A $5,000 makeover for your iPhone The leather phone covers by the luxury fashion house

pay tribute to the company’s origins as a trunk designer

$5,000

businessinsider.in

Nathan BlecharczykAge: 32Estimated wealth: $3.8 billionThe Harvard gradu-ate was working as a product manager at Microsoft when his former roommate Joe Gebbia recruited him to co-found Airbnb. As the current CTO, he led the company’s recent push into Cuba.

Patrick CollisonAge: 27Estimated wealth: $1.1 billionThe cofounder of Stripe, a US-based technology company, dropped out of MIT to partner with his brother John and pursue an entrepreneur-ial path. Their start-up was most recently valued at $5 billion.

Sachin BansalAge: 35Estimated wealth: $1.4 billionIn 2007, Bansal teamed up with Binny Bansal to co-found Flipkart

as an online seller of books. Today, it’s one of the top internet retailers in India, with around 30 million products and at least 44 million registered users.

Mark ZuckerbergAge: 32Estimated wealth: $56.7 billionThe Facebook co-fou nder a nd CEO became the youngest s e l f - m a d e billionaire in history at age 23, thanks to Facebook’s I P O . T o d a y , Zuckerberg and his wife Priscilla are

the ninth wealthiest couple in the world and philanthropists.

Dustin MoskovitzAge: 31Estimated wealth: $10.9 billion

The Facebook cofounder was the company’s first CTO. He left to launch Asana in 2008 with fel low Facebooker Justin Rosenstein, but Moskovitz sti l l holds a

significant stake in the company.

Evan Spiegel Age: 26Estimated Wealth: $5.5 billionSnap cofounders Evan Spiegel and Bobby Murphy added a combined $2.8 billion to their fortunes last week through their IPO — and became the only self-made billion-aires in the world under the age of 30 to own a publicly traded company. Spiegel founded Snapchat in 2011

while at Stanford University. The app allows its users to send dis-appearing images and videos to friends or post them for 24 hours on their public profile.

Ryan GravesAge: 33Estimated wealth: $1.58 billionRyan Graves was the first employee hired at Uber, the ride-hailing ser-vice. In August 2016, Graves stepped down from his role as president and replaced by Jeffrey Jones. He, how-ever, was stayed on at Uber as the company’s “resident entrepreneur and builder”.

They made their moneySome take decades, while some strike gold at a tender age. Take a look at some of the youngest self-made billionaires ruling the corporate world today

How ‘Attila the Hun’ changed Mahindra’s business [email protected]

The adage goes: every cloud has a silver lining. And Anand Mahindra has found one to US President Donald Trump’s new US work visa regulations, which have made even the best of Indian tech stocks tumble and fumble.

The executive chairman of the Mahindra Group, however, looks at it as a big opportunity. “This is a cli-ché, but any disruption or discontinuity is an opportu-nity,” Mahindra said during the recent NASSCOM event.

He spoke from experience — one of his companies had tackled a similar crisis a few decades ago. Tech Mahindra was earlier called Mahindra British Telecom, “which, ironically, was started back in 1985. So, we were one of the pioneers,” Mahindra said.

Describing the company as a sweatshop, Mahindra said the company gradually started to diversify its custom-er base and working in areas that TCS, Infosys and Wipro are active now.

“We sti l l had British Telecom as a large client and then they got this particu-larly forceful CIO who was given a mandate to cut cost,” Mahindra said. “We had 70:30 ratio of offshore and on-shore business [at the time]. He said, “I want it to be 90:10 in six months’. We looked at him as if he was Attila the Hun. He didn’t understand business; was completely unreasonable and had a personal agenda. We were forced to do it.”

Today, Mahindra said, they look at the CIO with gratitude. “What he did com-pletely changed our model of business and lowered our costs dramatically,” he said.

“We are talking about IT now becoming on the

cloud, being an app, then why on earth is it that we should wor r y so much about onshore pres-

ence?”.

fortune telling

Anand Mahindra

Donald TrumpP

ICS:

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BENGALURU, FRIDAY, 10 MARCH 2017