To: Mohan Marette who wrote (4759 ) 6/28/1999 2:33:00 PM From: Mohan Marette Read Replies (1) | Respond to
Why Intel Likes Sudhir Sarma's Ideas [Intel invests in Network Solutions] Intel picked up a 11.5% stake in it for Rs 3.5 crore. Not only that, venture capitalist ICICI Venture also wants a similar stake. For the 39-year-old Sudhir Sarma, who started the company six years ago in true Silicon Valley style from a Bangalore garage, the interest that Intel and ICICI Venture is taking is a vindication of the growing reputation of his company in its field of operations. As its name says, Sarma's company provides network solutions. Says R. Sivakumar, director, India Technology Centre of Intel: "We see Network Solutions as a top notch company with a lot of revolutionary ideas. From being systems integrators it has moved up the value chain to become solutions integrators." The clients certainly think so. The firm's client list boasts of names like Compaq, Lucent Technologies, Hindustan Lever, ICICI Bank, Sun Microsystems and Texas Instruments, to name only a few. Big name clients and big network projects translate into increasing working capital requirements. That was one of the reasons it needed additional funds.
