Jay Chaudhry: The Indian-American who climbed 577 spots in Hurun Global Rich listing
In a yr marred by the pandemic, 62-year-old Indian-American Jay Chaudhry climbed 577 spots in Hurun Global Rich listing 2021. He additionally featured within the listing of prime 10 richest Indians. According to the Hurun listing, Chaudhry noticed his web value develop by 271% to $13 billion.
Chaudhry and his household personal 45% of Nasdaq-listed Zscaler, which is presently value $28 billion. While the pandemic has been blamed for ruining economies, it has, then again, additionally catapulted firms like Zscaler to new highs.
For a world which has tailored to the work-from-home tradition, Zscaler, which was based in 2008, witnessed an unprecedented rise because it specialises in enabling safe digital transformation by rethinking conventional community safety, and empowering enterprises to securely work from wherever.
Zscaler had lately declared that its income for the second quarter had jumped by 55% to $157 million, pushing the agency to the highest of Wall Street targets. “There is an accelerated market shift towards work from anywhere, which is the world Zscaler was built for,” he mentioned after the corporate declared its newest quarterly earnings. The firm has over 5,000 clients— together with greater than 400 of the Forbes Global 2000 firms — and over 2,600 staff.
Speaking to the Tribune a number of years in the past, Chaudhry had mentioned that he used to check below timber as his village Poonch in Himachal Pradesh didn’t have electrical energy then. “I used to walk nearly 4 km every day to attend my high school at Dhusara, the neighbouring village,” he had mentioned in the course of the interview.
The brainchild behind profitable firms, like AirDefense, CipherTrust, CoreHarbor and Secure IT, Chaudhry, throughout an interplay with the Business Standard in 2019, had mentioned, “My success so far has mainly been because I have very little attachment for money. My obsession is really to make sure that the internet and cloud are a safe place for everyone to do business.”
