Mu Sigma A Million Dollar company that is a product of Dhiraj Rajaram’s Million-dollar idea

All know that μ and σ have significant importance in engineering as well as mathematical analytics. Similarly, Mu Sigma has significant importance in the data analytics industry. An Indian firm, specifically a consulting organization in management is a leading data analytics service provider. Also, it recognized as one of the fastest-growing businesses on the planet. In the periods of 9 years, the company successfully raised $ 163 million in funding. It is set up by Dhiraj C Rajaram and headquartered in Chicago, Illinois. As well, Mu Sigma’s global delivery center is located in Bangalore.

The Backstory of foundation

Dhiraj C Rajaram founded it in 2004. However, how Rajaram ventured to invest more than 80% of his personal saving to set up Mu Sigma has its own story. Before starting the company, he had worked as a strategy consultant with many firms. Such as Pricewaterhouse Coopers, etc. No one will believe that the founder had no intention to start a business. Yes, what Dhiraj wanted is to learn continually at every stage of life. But fate must have some different plan for Dhiraj. In the end, his everlasting desire to learn manifested itself into a successful business venture.

Though his intention was not to step into entrepreneurship, Dhiraj always had faith that innovation in business is nothing but a chance. As a born learner, Dhiraj was also known to the fact that experimentations are the best chance to innovate better. Finally, with all these facts and strong belief he set up Mu Sigma back in 2004.

Dhiraj Rajaram- The person Behind Mu Sigma establishment

He is also a present CEO and chairman of the firm. However, the firm is born out of curiosity and the eternal desire of Dhiraj to learn new things. Presently, its a leading analytics and decision science service provider across the world.

Early Life

He is born in 1975 in Chennai, India. However, he spent most of the childhood in Bengaluru where he brought up. Furthermore, he attended the college of engineering, Guindy to study Electrical Engineering. After that, he perused M.S. from Wayne State University Michigan in computer engineering. Also, he went to Booth School of Business University, Chicago for an MBA. Thereafter, he worked as a management consultant in the US and India. 

How he enters into entrepreneurship?

It all starts after Dhiraj quit his big-money job. As said earlier, he had no intention to start a business. But his hunger to learn new things made him do so. In 2004, he then set up Mu Sigma a data analytics company in Bengaluru. Presently, the company provides service to 125+ companies that are the Fortune 500 firms. Also, the Fortune mentions it as Unicorn Category in 2016. As a matter of fact, this category has given to any company when it valued at more than 1B US dollar. 

Personal life

At the age of 21, he married college friend Ambiga. The couple has one son named Akash. However, they split in 2016, after that he took the position of CEO at Mu Sigma. Earlier, his wife held that position for a long time. 

Dhiraj Rajaram’s Awards and Achievements

In 2013 and 2011, Dhiraj was listed in the 40 under 40 list of Fortune Magazine. Also, he honored as Entrepreneur of the Year India by Ernst and Young India. He also won Young Turk Award in 2014 at CNBC TV18 business leaders awards.

Mu Sigma- Awards and Recognition 

In 2012, the company ranked 907 in the Inc. 5000 list of Americas’ fastest-growing private companies. Also, the company’s rank was 386 and 204 in 2011 and 2010 respectively. Though the company’s beginning was humble, today it is a million-dollar firm. However, it holds a unique distinction as a business analytics company to secure the largest funding round ever. But it must be remembered that the million-dollar company is the product of belief and the million-dollar idea of extremely curious Mr. Dhiraj Rajaram.