This Indian Billionaire Stresses on Learning, Urges for Everyone to Find Their Inner Passion

Having built three successful businesses, Turakhia wears the sale of his company Media.net to a Chinese consortium for $900 million marking it as the third-largest adtech deal in the world as a badge of honour

By
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Divyank Turakhia, an Indian-born computer-programmer, businessman, billionaire, serial entrepreneur and investor with a net worth estimated at $1.76 billion as of September 2017, is someone who easily makes for a benchmark for success.

Having built three successful businesses, Turakhia wears the sale of his company Media.net to a Chinese consortium for $900 million marking it as the third-largest adtech deal in the world as a badge of honour.

Divyank started coding at the age of 8, his brother and he started building companies in their teens. In 1998, with a capital of INR 25,000 ($375), Divyank Turakhia started his first tech venture Directi with elder brother Bhavin Turakhia.

In 2014, Divyank and Bhavin sold four of their web presence companies – BigRock, LogicBoxes, ResellerClub, and Webhosting.info – to Nasdaq-listed U.S.-based web-hosting firm Endurance International Group, for $160 million. 2016 marked the sale of their Dubai and New York-based ad-tech company Media.net founded in 2010.

The billionaire is now on a break after 22 long years of working. In a conversation with Entrepreneur India, he spoke about how to build successful businesses, passion, his love for work and how to manage a business.

Never Stop Learning

The 36-year who reads between 800 to 1000 hours in a year spoke about how important it is to keep learning.

It is an ongoing process – you need to keep learning. If learning is not there, then it is the end of life and you have to keep learning in order to keep evolving and if you stop learning that's boring," Turakhia said in a chat.

Fuel Your Passion

He thinks everyone is passionate about something – find out what you are interested in, find it out and be passionate about it so that you can specialize in that field you have to spend time on it because there's is a massive difference if you want to be on top and specialize in something, if we spend eight hours in five days and spending actual amount of time that it takes if you want to really specialize, and I know people have succeeded because they spend every waking hour of every day, it doesn't matter it's a holiday or anything, doing that thing that is important.

Turakhia was himself very clear about being passionate about something and focusing on what he individually really wanted.

How to Manage Your Business

Turakhia says managing your business is different at different stages of the business. "When you are starting as an entrepreneur, for new entrepreneur the resources are different in comparison to scaling organization, so I would say at every stage you look at things very differently. A couple of things that are consistent and that is things take time to build, there are more successful stories it takes anywhere between 5- 10 years to build something constructive. There are no shortcuts! You need to be lucky but that should not be the strategy. A lot depends upon figuring out your core strengths and feasible resources you have access to do things differently, if some other company is able to make the profit, you can too," explained Turakhia.

He does believe in luck but should not be the strategy to managing the success.

"One has to be patient as things take time," Turakhia said.

Latest

Here's How Investors Can Tell If You Are as Passionate as You Say You Are

On this bank-breaking episode of 'Elevator Pitch,' see who gets funding and who gets called out.

This Woman Launched a Multi-Million Dollar Company Out of Her Dorm Room in College. Now She's Helping Kids Launch Big Ideas of Their Own.

Founder of Headbands of Hope and Mic Drop Workshop, Jess Ekstrom, talks about her new interactive book Create Your Bright Ideas.

Bam! Emeril Lagasse on Kicking Your Business Up A Notch

Interview with celebrity chef and restaurateur Emeril Lagasse about his new Roku TV series, putting relationships first, and creating media with a purpose.

5-Minute Mentor: Is My Idea Ready to Be a Business?

Here's how to test your idea and bring it to market in an impactful way.

The Fashion Maven

According to CEO Adwaita Nayar, the Nykaa Fashion thesis is that the Indian woman is fashion-led, style-led, and trend-led

Do You Have Toxic Office PTSD?

A dark cloud of doom seems to have followed you all the way from that cruddy job to your new desk.

The Coffee Bean & Tea Leaf CEO Sanjiv Razdan on Mentoring New Business Leaders

Interview with Sanjiv Razdan about making the most of nontraditional opportunities, brewing customer curiosity, capitalizing on user-generated content, and inspiring industry leaders with the nonprofit GLEAM Network.

Is Staying Remote the Best Thing for Your Business?

Here's how to unlock the unbeatable benefits of a remote setup.

3 New Ways to Develop Laser-Like Focus

To boost focus in the face of distractions, you need a new approach to success.

Watch the Pitch That Results in Life-Changing Investment and a Lot of Tears

Emotions and investment dollars run hot on the new episode of 'Elevator Pitch.'

10 Years Later: The Skimm Co-Founders are Transforming the Way Millennial Women are Taking Charge of their Futures

Carly Zakin and Danielle Weisberg of theSkimm sit down with Jessica Abo to look back at the past decade and talk about the future.

How to Prepare for a Performance Review (And Not Lose Your Mind)

Annual performance reviews are a time to shine — and a time to freak out.

Knead Hospitality + Design Co-Founder Jason Berry on Innovative Leadership and Employee Retention

Interview with the cofounder of Knead Hospitality + Design about loving what you do, a revamped restaurant work week, and leading by committee.

These 30 Questions Will Help Determine Your Success

In this video, Ben Angel breaks down why 70,000 entrepreneurs have answered the questions that predict their chances of succeeding or failing.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.