Meet VK Mathews, IITian who give up high-paying job in Dubai with perks like villa, luxurious vehicles to construct Rs 11500 cr biz

VK Mathews’ aviation business big IBS Software has been valued at round $1.4 billion (over Rs 11,500 crore) with Apax Funds set to amass Blackstone’s minority stake of 32 % for $450 million. Over 25 years in the past, the entrepreneur left what can be termed a ‘dream job’, crammed with the riches Dubai has to supply, to begin a small IT enterprise in India.

Valayil Korath Mathews has an fascinating profession trajectory. Born in Kizhakkambalam village of Kerala, he’s the son of one in every of Federal Bank’s founding managers. After education and commencement in dwelling state Kerala, Mathews pursued PG in Aeronautical Engineering from the celebrated Indian Institute of Technology (IIT) Kanpur. 

He began his profession as a pc science instructor on the Indian Army’s army faculty in 1980. Mathews quickly realised that instructing was not for him and joined Air India as a techniques analyst. He then moved to Dubai’s Emirates airline in 1983, the place he rose over a profession of greater than a decade to change into their youngest IT head aged simply 39.

Not even 40, Mathews enjoys a dream life-style and profession within the wealthy oasis of Dubai. He, spouse Latha and two kids resided in an beautiful villa. Major bills like kids’s training have been paid by his firm. Mathews may select between luxurious vehicles like Mercedes, Lincoln and BMW in his high job. While many would have stayed, Mathews give up all the nice fortune and determined to take the chance of his life. 

He got here again to India and based IBS software program in 1997 in Kerala’s first IT hub Technopark. What began as a small firm with 55 engineers grew right into a pioneer which revolutionised how airways fly prospects. IBS isn’t just the highest aviation service supplier at this time however manages the well-known Heathrow Airport of London, UK. Its options are utilized by many airways, dozens of lodge chains and main oil companies. Success, in Mathews’ phrases, is “ our journey from one failure to another without losing our zest.”