In the IPO frenzy, many founders have entered the Billionaire Club, while many employees made it to the Crorepati list. In the Billionaire Club, the latest entrant is Adugudi Viswanathan Venkatraman, Chairman and Executive Director of Chennai-based Latent View Analytics Limited that made its bourses debut recently. Post-listing, the market capitalisation of the company amounts to ₹10,484 crore, according to BSE data.
Venkataraman owns 117.91 crore shares in the company, equal to a 69.62% stake in the firm, which amounts to roughly USD 1.11 billion.
The stocks closed at Rs 654.40 on Friday at the BSE.
About: Adugudi Viswanathan Venkatraman
Techie Adugudi Viswanathan Venkatraman is an alumnus of IIT Madras, from where he completed a Bachelor of Technology in Civil Engineering degree.
Viswanathan Venkatraman had done postgraduate diploma in management from IIM-Calcutta. After which, he worked in an American multinational technology company–Cognizant. Venkatraman has several years of experience in IT services, credit analysis and business consulting.
Viswanathan Venkatraman has been holding the position of Director of Latent View Analytics since January 3, 2007. He took the charge of chairman and executive director of the company in August 2021.
During its public offering earlier this month, the company established a new record by being subscribed 338 times above its issue size. This was far greater than the IPOs listed alongside it, such as Nykaa, Paytm, and PolicyBazaar.
The bidding procedure attracted around Rs 1.13 trillion due to high investor interest.