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ReachoutHyderabad.com had featured Mr.Sanjiv Sidhu as its "Newsmaker"in August 2000 as the
"Fastest Growing Hyderabadi in the world" and now he has been
named as the NRI of 2000 by the International Magazine-NRI World in
January 2001.
In the August issue of Fortune Magazine's listing of the top
100 fastest growing
companies, his company was among the only two Indian companies featured in that elite
list. According to Fortune, the companies listed have seen their profits and revenues rising at
least 30 per cent per annum over the past three years.
i2 Technologies, a supply-chain management firm headed by Sanjiv Sidhu,is 8th on the Fortune list
and the highest among the Indian Americans.Sidhu,who hails from Hyderabad, is ranked among the
world's billionaires by Forbes. Seeking to be a one-stop shop for companies buying and selling
on the Internet.
i2 creates
innovative solutions that generate measurable value for business.Their
intelligent planning and optimization software, RHYTHM®,
helps companies maximize efficiency, collaborate with suppliers and
customers, conduct intelligent eBusiness over the Internet, and become
more responsive to market demand. i2's world-class customers learn to
make better decisions, faster than their competitors
Now the company is
delivering new set of solutions that enable BPO, or Business
Process Optimization - a new layer of decision intelligence for
planning and optimizing across multiple enterprises. BPO tightly
integrates forward-thinking supply chain planning with every key
business process - from superior product design to better customer
relationships. With BPO, the clients enterprise connects front-end
Web applications with back-end process optimization for intelligent
eBusiness.
The Dallas-based i2 recently brought two companies that compile
information about electronic and parts as well as about dealers. Its
3-year revenue growth has been 71 per cent and its revenue in the last four quarters stood at over $750 million and net income
was over $58 million.i2 Technologies maintains offices in Atlanta, Boston,
Chicago, Charlotte, Dallas, Detroit, New York, Los Angeles, Brussels, Copenhagen, London,
Melbourne, Mexico, Munich, Singapore, Tokyo and Toronto.
His multinational team of more than 4,500 employees is considered one of the most experienced
and highly-educated workforces in the business. The company's stock was up more than 600 per
cent in the past year .Forbes valued Sidhu at $6.5 billion and ranked him 41st among 315
self-made billionaires. Among rich techies in Texas, Sidhu, alone with PC maker Michael
Dell, beats the Bass brothers.
Blessed with an uncluttered perspective and an ability to see clearly through chaos,
he has been the mainstay of the now-phenomenally successful i2 Technologies Inc.
An engineer, just like his father, the Hyderabad-born 41-year-old Sanjiv also holds a Masters
degree in Chemical Engineering from the University of Oklahoma. The idea of running his own
show was uppermost in his mind since he was working at Texas Instruments' Artificial
Intelligence Laboratory while polishing his skills in analyzing and solving industrial
scheduling problems. Based on the scientific observation that even the smartest people
can only juggle nine variables when making decisions, he proposed a design for computer software
based on artificial intelligence and advanced simulation techniques.
In 1988, Sanjiv had finally decided on his venture - i2 Technologies Inc. Short of staff,
his pregnant wife then doubled up as a Technical Writer. With him was an ex-Texas Instruments
programmer, Ken Sharma. Sanjiv observed that both share the same beliefs as far as work,
ethics and customer service is concerned.
Together they virtually dominated the entire market segment of scheduling / distribution.
Ken's business approach gelled easily with Sanjiv's analytical mind and within a few years
their self-funded management software company grew into a raging multinational.
His company went public in May 1995 with an initial offering of 2,530,000 shares priced at
$20 per share. Such was the euphoria over i2 Technologies that within two weeks of
listing, the shares were being traded at $54 on the NASDAQ market. After the IPO,Sidhu still retains
64.5% of the company.
Sanjiv had always believed that their superior market will turn the tide in their favour.
His product was more efficient, provided a better way to order forecasts, monitor
inventories, audit production capacity and record due dates. Small wonder that i2 has a dedicated following in clients like 3M, Caterpillar, Merck, Motorola, Bell Helicopter and Sony Music.
Married to Lekha,the Sidhus have two children.
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