What started as an attempt to suffice the monetary requirements of a teenager, is now a multi-million dollar company whose customer list includes Google, Facebook, Microsoft and the federal government of United States. When Nadhanis moved to Kolkata, Pallav Nadhani was admitted in the La Martiniere for Boys School.
‘Here I got the aspiration that I want to be like them. And for me to be like them, I really need to work hard. I need to be on top of the game in whatever I am working on,’ he says.
It wasn’t feasible for him to be like them with a measly pocket money of Rs. 1,000. He was reluctant to ask his father for extra pocket money. Thus emerged the necessity of finding a way to make some fortune of his own.
His first endeavor was in the field of writing. He came across Wrox Press’ website ASPtoday.com, which paid a generous amount for innovative articles. Pallav Nadhani made an impressive amount of $2,000 by writing two articles. The third article he wrote turned out to be a life changing milestone in his journey.
Nadhanis owned a computer, which was a luxury in those days(2001-02). His father owned a web design company where Pallav initially worked. His share of work included preparing charts on Microsoft Excel. He found those charts extremely dull and boring. Along with this, he was also working with Macromedia Flash player (Adobe Flash now) for making designs for senior Nadhani’s company. He began exploring ways in which he could combine both to create better charts. He wrote an article on this idea for ASPtoday and made $1,500 from the article, which was the primal investment for his entrepreneurial journey.
Image Credit: http://www.fusioncharts.com
Still in his school, Pallav, who calls himself an accidental entrepreneur, started his company Infosoft Global, based on the very idea of making interactive charts for business world. For the first three years, he did the work of designing, marketing, making and receiving calls, all by himself.
The company started growing and things were never the same again. The growth was so stupendous that in the year 2005, senior Nadhani, who according to Pallav is a sucker for growth and adventure, shut down his company and joined his son’s venture. Currently, he holds the position of CFO in the company. They also hired 20 employees and acquired office space in Bangur, Kolkata.
But Pallav Nadhani isn’t someone whose thirst is quenched easily. Expanding his company’s profile, he moved to Bangalore in the year 2010. In Bangalore he set up a company which excelled not only in the quality of the product it delivered, but also in the management and organizational aspect. The next year FusionCharts earned a revenue of 4.5 million USD.
Unlike his father, whose business ventures ranged from selling bicycles to writing books and running a computer training center, Pallav believes in a focused approach. Even after being a millionaire, he is still stuck with the idea he believed in when he was just a teenager.
‘I wish I could be like him (senior Nadhani). Being multi-faceted helps you have a very nice perspective of life. But if you have to really excel at something, you need focus,’ he said in an interview with Forbes magazine. In the same interview he talks about his plan for the next ten years, ‘I know that for the next 10 years, I want to do just one thing. Build software products and build the software product industry in India.’
Today, FusionChart’s client list includes 50,000 clients spread over 118 countries. In 2010, US president Barack Obama selected FusionCharts to design digital dashboard for the federal administration, the Federal IT Dashboard. It became the first Indian start-up to gain the attention of the Obama administration.
Yogesh Pandey is the author of the novel, The Pragmatic (2016). He is currently pursuing his masters from Fergusson College, Pune.
He also runs a YouTube channel named Hard Reads, which is all about books and reading. He is an avid reader and is doing research in the field of Astrophysics.