26th September, 2004
ONE OF THE REGULARS AT THE SHIRDI SAI BABA temple near Chennai en route to Mamallapuram is K.V. Ramani, CEO of the city-based FutureSoft. Until recently, that was because he built the temple out of his own money. Now, though, it would probably be because he simply wants to thank God for a windfall-hard earned, just the same- that’s come his way. In a span of less than 16 weeks, Ramani sold his shares in two companies- Hughes Software, which he co-founded, and FutureSoft- to hardware manufacturing giant Flextronics. It’s not yet public how much Ramani made in the two deals, but it’s obviously significant enough for him to gift Rs 100 crore worth of Hughes shares to a trust he also manages. Moral of the story?