Murugavel Janakiraman’s Matrimony.com, launched with an initial focus on the Tamil community, is now a market leader in online matchmaking
In 1993, when Murugavel Janakiraman secured a job as a software engineer with Polaris Consulting & Services Limited in Chennai, he was able to fulfil a childhood dream: To rent a house that had electricity and a toilet. A master’s degree holder in computer applications from the University of Madras (his father was a labourer at Port Trust; his education was sponsored by his uncle), Murugavel had grown up in a one-bedroom home in a chawl in Chennai’s Royapuram neighbourhood with his parents and an elder brother, and without some of the basic amenities. “For 20 years, we lived in a 300 sq ft house,” he says.
Cut to 2017 and Murugavel is now the founder and managing director of Matrimony.com Ltd, a consumer internet company that operates from a 10th floor office at the TVH Beliciaa Towers in MRC Nagar, with a sweeping view of the Marina Beach. Two more offices of the company are spread across the city, including a call centre that houses over 800 employees. He lives in an upscale housing project in Chennai (which he bought in 2004 for ₹60 lakh) and plans to “move to a bigger house in the next few years”.
What put the 47-year-old on the highway to ascendancy is Matrimony.com, a meticulously built ₹300-crore revenue company (the bulk of which is earned from its online matchmaking business), with a market cap of ₹1,970 crore. The company’s flagship matchmaking property, through which people can look up and search for prospective partners for a fee, BharatMatrimony, has 15 language-based domains; there are other properties like EliteMatrimony, AssistedMatrimony and CommunityMatrimony, offering specialised services.
هذه القصة مأخوذة من طبعة December 8, 2017 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 8, 2017 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
