TiE Hyderabad, the global entrepreneurial network, has announced that Suresh Reddy will take charge as the Chapter President from Kali Prasad Gadiraju with effect from January 1, 2019. Suresh Reddy is the CMD and promoter of the Hyderabad based Brightcom Group Limited (formerly known as Lycos Internet Limited).
Welcoming Suresh Reddy as the new President of TiE Hyderabad, his predecessor Kali Prasad Gadiraju, Office Managing Partner Ernst & Young said, “Hyderabad is a great place for startups to succeed, having access to experienced guidance from TiE mentors including a vibrant ecosystem of incubators, investors and increased global interest like never before. This is the best time for innovators with market responsive ideas to flourish. The Chapter looks forward to Suresh’s knowledge, and entrepreneurial experience to further the board’s collective vision.”
Under Kali’s leadership, TiE Hyderabad steered 60 activities and programs for chartered members, associate members, and partners. His notable ‘TiE Cohorts’ program brought a radical shift in the cohesiveness of the group and bagged TiE Global’s most innovative new program award in 2018.
Suresh Reddy started his digital marketing and media services startup Brightcom Group in 1998, which became one of India’s Fortune 500 enterprises led by 10 acquisitions coupled with $100 million fundraising. His group operates from 24 countries with about 450 employees worldwide.
Setting the agenda for TiE Hyderabad, the incoming President, Suresh Reddy said, “The current leadership is committed to continue the great momentum set by predecessors, further strengthen initiatives and programs focused to deliver value to the budding entrepreneurs of Telangana.” Sridhar Pinnapureddy, CMD, CtrlS will support Suresh as Vice President of TiE Hyderabad Chapter.
Commenting on how startups in India have evolved in the past few years Suresh said, Government of Telangana has provided strong support to build the eco-system, and organizations like TiE will continue to play a major role in strengthening the system. TiE programs have helped startup entrepreneurs in all aspects of running business, including connecting with the investors; building the right teams, using the right leadership approach and in giving access to markets.
TiE provides access to about 3,000 successful entrepreneurs and professionals from across the globe. Around 150 Charter Members are Hyderabad based and volunteer for mentoring, education, providing customer and investor connect access through the global network.
The Government of India is focussed on developing a $1 trillion digital economy in the country by 2025. Emergence of new age technologies like ML/AI, Cybersecurity, Blockchain, IoT and connected devices, among others continue to propel the growth of the Indian Industry, and promises to open newer entrepreneurship opportunities. Startups need to tap into these opportunities and now is the time for that, Suresh added.
In 2018, TiE (The Indus Entrepreneurs) Hyderabad Chapter successfully carried out more than 60 events and activities under 20+ themes to encourage, nurture next-generation entrepreneurs. TiE comprises successful entrepreneurs and accomplished professionals, volunteering to support startups, with an objective of fostering entrepreneurship across industries, at every stage of the entrepreneurial life-cycle. They handhold startups and enterprises to achieve the next level of growth through mentoring, education, funding and connecting customers and global networks.