Madan Padaki

Last updated

Madan Padaki is an Indian entrepreneur and business executive. He is the co-founder and director of Sylvant Advisors, in the field of education management; CEO and MD of Head Held High Services, a social enterprise for rural youth, and former co-founder of MeritTrac Services, a skill assessment and testing company. Padaki holds an undergraduate degree in engineering from the National Institute of Engineering, University of Mysore and an MBA from S.P. Jain Institute of Management and Research. In 2011, he was conferred The Young Education Leader Award by EDGE Forum – a forum of leading educationists and educational institutions in India. [1] [2] [3] [4]

Contents

He serves as a senior advisor to Tata Trusts, serves on the Governing Council of TiE Bangalore, Indo-American Chamber of Commerce, Karnataka and also serves on the Governing Council of DOEACC, an organisation of the Ministry of IT, Govt. of India to evaluate IT education in India. [2] [5] [6]

Career

Padaki's first entrepreneurial venture was in 2000, when he co-founded MeritTrac, a skill assessment and training company. Manipal Education Group (MEG) bought a 70% stake in MeritTrac in which he along with his founding team continue to lead MeritTrac as an independent entity. [7] In 2011, he transitioned to Manipal Education from MeritTrac to head up Strategy, Innovation and International Partnerships before moving out in 2013. MeritTrac is today India's Largest Skills Assessment company and is recognized as a thought-leader in the sector, having won several awards like the NASSCOM Innovation Award [8] and Deloitte's Fast 50 India Award. MeritTrac has also been featured extensively in several books on Entrepreneurship and is also a case-study at INSEAD. [6] [9]

Before co-founding MeritTrac, Padaki had stints with Wipro Corporation, Infosys Technologies and BFL Software (now EDS Mphasis). At Wipro he was attached to the Fluid Power unit in export sales and was into a product management and marketing role at Infosys. His stint at BFL Software involved a business development role and he was posted to Tokyo in a role that involved setting up their operations in the Far East. [5]

He was also the CEO of Erudient, a global education management company. Erudient is now active in North America, Europe, Australia and Asia Pacific with clients across these geographies and operates out of offices in New York and Singapore. [10]

Head Held High Services

Head Held High is a social enterprise which focuses on the development of rural entrepreneurial ecosystem. He started as a mentor and investor in 2009 as the co-founder and trustee of the Head Held High Foundation. Since 2013 he has taken the position of CEO and MD of the Head Held High Services Pvt. Ltd. based in Bengaluru. The company takes the uneducated youth under their wing and puts them through a rigorous 12-month training turning them into white-collar BPO employees servicing MNCs. This innovative approach to skill rural youth is termed as ‘RubanShakti’. The company has also developed RubanBridge, Head Held High Services’ business transaction platform that brings in various market players to engage with business opportunities in rural India in a structured manner, across various sectors including agriculture, healthcare, education, energy, water and sanitation, transport and communication. [2] [6] [11]

Padaki has also coined a term – rubanomics, a combination of rural plus urban and economics. He has also given a TEDx talk [12] – Eradicating Rural Poverty which elaborates on the idea of Rubanomics and its impact as a movement. The movement has won several awards, including the CNN IBN Real Heroes Award, 2011, Global Sourcing Council Award 2011. [2] [6] [12]

In August 2013, the company raised the first round of investment of Rs 2.5 crore from angel investors in India and abroad who are focused on impact investments. The investors include UTV founder (Ronnie Screwvala) led Unilazer Ventures, five Angels from the Intellecap Impact Investment Network (I3N), including Pravin Gandhi, Jayesh Parekh, Reena Mithal and Sanjeev Shah, and US-based investors like Kartik Kilachand. [13]

Sylvant Advisors

Sylvant is co-founded by Anand Sudarshan (former CEO of Manipal Global Education), Madan Padaki (former CEO MeritTrac, co-founder Head Held High Services) and PV Boccasam (serial entrepreneur, General Partner at NovakBiddle Venture Partners, US). Sylvant works with education entrepreneurs to accelerate their growth - beginning with drafting business strategies, early-stage seed investments, aiding in larger fund-raising effort, providing operational support and being a part of an entire growth journey. Sylvant currently has a portfolio of 14 education startups including GuruG, Lodestar, LabInApp, Entlogics. [6] [14] [15]

Related Research Articles

<span class="mw-page-title-main">INSEAD</span> International business school

INSEAD, a contraction of "Institut Européen d'Administration des Affaires", is a non-profit graduate business school that maintains campuses in France, Singapore, the United Arab Emirates, and the United States. INSEAD is a part of Sorbonne University Alliance. Its degree programmes are postgraduate-only, taught in English and include a full-time Master of Business Administration (MBA), an Executive MBA (EMBA), Master in Management (MIM), Doctor of Business Administration, Executive Master of Finance and executive education programmes.

<span class="mw-page-title-main">Sunil Mittal</span> Indian businessperson

Sunil Bharti Mittal is an Indian billionaire businessman and philanthropist. He is the founder and chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, Agri and food besides other ventures. Bharti Airtel, the group's flagship company is one of the world's largest and India's largest telecom company with operations in 18 countries across Asia and Africa with a customer base of over 399 million. Bharti Airtel clocked revenues of over US$18 billion in FY2023. In 2023 he was ranked the 10th richest person in India by Forbes, with an estimated net worth of US$14.8 billion.

<span class="mw-page-title-main">Manipal Institute of Technology</span> Engineering college in Karnataka, India

Manipal Institute of Technology is a private engineering college under Manipal Academy of Higher Education in India.

<span class="mw-page-title-main">Manipal Academy of Higher Education</span> Private deemed university in Manipal, India

The Manipal Academy of Higher Education (MAHE) is a deemed university, with the status of an Institution of Eminence located in the Udupi district of Karnataka. The school has campuses in Mangalore, Bangalore, and Jamshedpur in India, as well as global campuses in Dubai and Malaysia.

<span class="mw-page-title-main">S. P. Jain Institute of Management and Research</span> Business school in Mumbai, India

The Shreyans Prasad Jain Institute of Management and Research (SPJIMR) is a private non-profit post-graduate management school based in Mumbai, India. Founded in 1981 under the aegis of Bharatiya Vidya Bhavan, The institute offers several full-time and part-time management programmes.

Paul Rice is the Founder & CEO of Fair Trade USA, the leading third-party certifier of Fair Trade products in North America. Since launching Fair Trade USA in 1998, Rice has brought Fair Trade into the mainstream and built a movement to expand its impact. He has challenged and collaborated with hundreds of companies to rework their global supply chains to obtain high-quality products that support community development and environmental protection.

Walther Andreas Jacobs is a German businessman, private equity investor and heir to Jacobs. His father was Klaus J. Jacobs, who was an equestrian and controlling shareholder of the company. He is chairman and a board member for several companies and business school INSEAD, which include Dr. Oetker and Louis Dreyfus Company.

<span class="mw-page-title-main">Chetna Sinha</span>

Chetna Gala Sinha is an Indian social entrepreneur working to empower women in areas of rural India by teaching entrepreneurial skills, access to land and means of production.

<span class="mw-page-title-main">Julie Meyer</span>

Julie Marie Meyer MBE is an American businesswoman and the author of Welcome to Entrepreneur Country. She is the sole director of Viva Investment Partners. She founded Ariadne Capital Limited and Ariadne Capital Malta Limited, and was a co-founder of the networking forum First Tuesday. In 2009, Meyer was a guest on the online edition of the Dragons' Den TV series.

<span class="mw-page-title-main">Omi Gurung</span> Indian fashion designer

Omi Gurung, is an Indian fashion designer and social entrepreneur from Sikkim. He is popularly known as "The Green Man" of Sikkim. He is one of the famous personalities of Sikkim.

<span class="mw-page-title-main">Lakshmi Pratury</span> Co-host of TEDIndia

Lakshmi Pratury is an entrepreneur, curator, and speaker. She is the founder and CEO of INK. She also is the host and curator of live events and inktalks.com.

Sikkim Manipal Institute of Technology, a constituent college of Sikkim Manipal University (SMU), formerly known as Sikkim Manipal University of Health, Medical and Technological Sciences is a private institute located in Majitar, Pakyong district, Sikkim, India. The institution offers various undergraduate and post-graduate courses in engineering, management, computer application and basic science.

<span class="mw-page-title-main">Stacey Ferreira</span> American entrepreneur, speaker and author

Stacey Ferreira is an American entrepreneur, speaker and author. She is the co-founder and CEO of Forge.

<span class="mw-page-title-main">Pedro De Abreu</span> Brazilian American entrepreneur, educator, and author

Pedro de Abreu is a Brazilian American entrepreneur, educator, and author. He was the co-founder of a multi-media company in Hollywood, California, and the founder and director of the nonprofit organization Check Mate Foundation. De Abreu directs the Brain and Cognitive Science thematic at the AI Initiative.

Todd Marks is an American businessman and computer programmer. Marks, a 40 under 40 and 2x EY Entrepreneur of the Year Nominee, is the teacher-turned-technologist founder and CEO of Mindgrub Technologies. Mindgrub, voted CRTC's Tech Company of the Year and placing #520 on the Inc 500/5000, is a mobile, social and web app consultancy, working with companies and organizations in a variety of industries to bring their brand to digital. Mindgrub has won several awards and is considered a tech market leader, working with clients like Exelon, GraphicAudio, Under Armour, The Universities at Shady Grove, UMBC, Phillips, Wendy’s, AOL, and Yamaha. Marks was a Baltimore Business Journal honoree of 40 Under 40, a two-time nominee for the EY Entrepreneur of the Year Award, a Baltimore Visionary named by Baltimore Magazine, and was elected to the board of directors for the Northeastern Maryland Tech Council (NMTC).

Mark Anthony Essien is a Nigerian entrepreneur, software developer and startup investor. He is the founder and CEO of Hotels.ng, one of the first online hotel booking websites in Nigeria. Before he founded Hotels.ng in 2013, Essien had previously built a file sharing software called Gnumm, followed by a language learning startup called Ingolingo.

<span class="mw-page-title-main">Jason Fernandes</span> Indian blockchain entrepreneur

Jason Fernandes is Web3 entrepreneur, Investor, and technology columnist hailing from Goa. Fernandes is the co-founder of AdLunam Inc.a Web3 investment platform. As a teenager, Fernandes founded the internet portal ZeoCities.com, the non-profit LDKids.org and wrote for CHIP Magazine. Later, while studying at the University of Texas, Austin, Fernandes co-invented the Internet-based DVR, InstantTV, and was part of the founding team at PerceptiveI. Fernandes was a monthly technology columnist for GlobeAsia Magazine, Indonesia for 5 years producing over 60 columns over this period. Fernandes is often quoted in Web3 publications and has spoken at TEDx events.

Anna Jones is a British business woman and entrepreneur who lives in London, UK. Jones is the Co-Founder of AllBright, a Members Club and community that celebrates and connects women at work. She served as CEO of Hearst Magazines, UK between 2014 and 2017.

<span class="mw-page-title-main">Onyeka Akumah</span> Nigerian businessman

Onyeka Akumah is a technology entrepreneur with a focus on transportation, agriculture, real estate, and media sectors. He is popularly known as the founder of Treepz Inc. Prior to founding his company in 2019, Onyeka Akumah was the CEO of Farmcrowdy. He is credited to have been involved in the success of various tech and e-commerce companies in Africa where he held positions and contributed to their growths.

Deepak Sahni is an Indian entrepreneur who is the founder and CEO of Healthians, a diagnostic company headquartered in Gurgaon.

References

  1. ↑ "Open Chat with Madan Padaki". Startupsutras.org. 2015-09-30. Retrieved 2016-05-08.
  2. 1 2 3 4 "Head Held High - Madan Padaki - TEDxGateway". Youtube.com. 2015-03-05. Retrieved 2016-05-08.
  3. ↑ "MeritTrac, Young EDGE Award 2011, Madan Padaki". www.businesswireindia.com. Retrieved 2020-03-18.
  4. ↑ "Madan Padaki, Co-founder and CEO, MeritTrac Services is chosen for the Young EDGE Award 2011" . Retrieved 2020-03-18.
  5. 1 2 "South-South Learning Visit Feb 8-21 India" (PDF). Siteresources.worldbank.org. Retrieved 2016-05-08.
  6. 1 2 3 4 5 "Sylvant Team". Gosylvant.com. Retrieved 2016-05-08.
  7. ↑ "MEG picks up majority stake in MeritTrac". Economictimes.com. 2007-05-29. Retrieved 2016-05-09.
  8. ↑ "MeritTrac wins NASSCOM IT Innovation Award". Oneindia.com. 2008-02-07. Retrieved 2016-05-09.
  9. ↑ "INSEAD MeritTrac" (PDF). Insead.edu. Retrieved 2016-05-09.
  10. ↑ "Erudient". Aihitdata.com. 2015-03-09. Retrieved 2016-05-07.
  11. ↑ "Empowering 'Ruban' India". ThesmartCEO.in. 2014-03-01. Retrieved 2016-05-09.
  12. 1 2 "Head Held High - Madan Padaki - TEDxGateway". TEDxtalks.ted.com. 2015-03-09. Retrieved 2016-05-08.
  13. ↑ "Head Held High raises Rs 2.5 cr". Business-standard.com. 2013-08-12. Retrieved 2016-05-08.
  14. ↑ "Sylvant to help 8 education startups raise $6 mn". Business-standard.com. 2015-05-21. Retrieved 2016-05-09.
  15. ↑ "LetsVenture partners with Sylvant to carve out new verticals". Economictimes.com. 2015-09-12. Retrieved 2016-05-09.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.