Must Read – Divyank Turakhia

If you haven’t heard of Divyank Turakhia, you should read this article (from beginning till end) and spend some time knowing more about him, it will be worth it. He is a perfect example of how an Indian middle class teen too can go on to build multi million dollar businesses beginning from nothing.

Let me quote the most important part of the article for you which is at the end

Turakhia said the company’s phenomenal growth has been fueled by bringing the right people onboard. “Since our inception in 1998, our policy is to hire the best, provide them with the resources and authority, and then step out of the way,” Turakhia said. “Without the best people, you can’t build the best company. We make mistakes, just like anyone else. But we also make more decisions, better decisions and faster decisions than most other companies.”

“Authority is decentralized. Hierarchy is purely structural in nature. Every employee has the authority to make independent decisions with respect to their work. My job is merely to make available and accessible the right training and knowledge, the best tools and resources, and the information that an individual needs to make better decisions. I try to spend a significant portion of my personal time towards Human Resources. When the majority of the people within the company pro-actively make decisions by themselves, the growth rate increases significantly,” Turakhia said.

Edit – Another good coverage of him by rediff