Meet couple, received Rs 1130000000000 highest-ever bid in history of Indian…, five times more than India’s largest-ever IPO, they are…
GH News February 25, 2025 06:06 PM
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Venkat Viswanathan and Pramad Jandhyala a husband-wife duo who met at the Indian Institute of Management (IIM) Calcutta have created history by building LatentView Analytics a data analytics company now worth Rs 8300 crore.
LatentView Analytics Blockbuster IPO
LatentView Analytics made headlines in November 2021 when its initial public offering (IPO) worth Rs 600 crore received record bids totaling Rs 1.13 lakh crore. This was the highest-ever demand in the history of the Indian stock market surpassing even Paytm’s IPO by a significant margin. Priced at Rs 190-197 per share the issue was oversubscribed 338 times. Upon listing the companys valuation soared to over Rs 10000 crore.
Beginnings Of LatentView
Founded in 2006 and headquartered in Chennai LatentView Analytics specializes in data analytics consulting and data engineering serving industries like banking technology retail and industrial sectors. The company’s primary market is the United States which contributes over 90% of its revenue with major clients such as Adobe Uber and 7 Eleven.
The founders Venkat Viswanathan and Pramad Jandhyala along with their friend Ramesh Hariharan began their venture from an IAS officers residence in Chennai’s Besant Nagar. Despite global economic challenges LatentView consistently grew diversifying its clientele and expanding its services.
Venkat Viswanathan & Pramad Jandhyala Backgrounds
Viswanathan son of an accountant and a homemaker studied civil engineering at IIT Madras before pursuing an MBA at IIM Calcutta. He also worked at Cognizant prior to co-founding LatentView.
Jandhyala a graduate of the Birla Institute of Technology and Science (BITS) Pilani gained experience at Ford and Moodys ICRA before becoming an entrepreneur.
The couple attributes their success to clear communication and delineation of responsibilities. “The early demarcation of responsibilities helped and we’ve not stepped on each other’s toes” Jandhyala said. Viswanathan added “We were friends before anything else and that helped.”
From its inception the founders had a long term vision for LatentView as a global enterprise. “The ambition from Day One was to sell internationally; the market was clearly global” Viswanathan shared in an earlier interview.