Humble gesture: Why Mindtree cofounder Subroto Bagchi treasures a Re 1 SBI cheque; calls it ‘biggest wealth'
Mindtree co-founder Subroto Bagchi has reminded the nation that the true measure of success lies not in money, but in meaning. In a heartfelt social media post, Bagchi shared a picture of a Re 1 cheque, his final salary after eight years of public service as chief advisor to the Odisha government for Institution and Capacity Building.
'For every year of the work I did with the government, the deal was that they paid me Re 1,' he wrote on X . 'For the 8 years out there, I got 8 cheques and this one here was my last salary drawn.'
The symbolic payment, issued by the State Bank of India, wasn't just a token — it was a powerful reminder of service without expectation, a value Bagchi said he holds dear.
As per ET, Bagchi accepted the role in 2016 at the invitation of then Odisha chief minister Naveen Patnaik.
He also served as chairman of the Odisha Skill Development Authority and later as the state's chief spokesperson on Covid-19 during the pandemic.
Bagchi is widely respected for co-founding Mindtree in 1999, leading it as COO and later Executive Chairman until 2016. Following Mindtree's merger with L&T's IT arm, the entity became LTIMindtree.
Despite building a billion-dollar tech enterprise and pledging hundreds of crores towards philanthropy with his wife Susmita, Bagchi says it's this Rs 1 cheque that he treasures most.
by Taboola
by Taboola
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The post quickly went viral and sparked an outpouring of admiration. 'This is India's real strength, jewels like You working silently and unconditionally,' one user commented. Another said, 'What a spectacular contribution to Odisha. You could have created Rs 8000 Crores in 8 years in Corporate World. Salute !!'
Bagchi began his career in the industries department of Odisha and rose to global recognition.
Yet, even with all his achievements, Bagchi's message was clear — 'What is the biggest wealth in this one life that I would never ever part with?' he asked rhetorically in his post, underlining the value of humility and purpose-driven leadership.
In an era marked by performative gestures and power-driven ambition, Bagchi's act stands out for its authenticity. His journey, from clerk to tech titan, and back to a humble public servant earning Rs 1 a year, embodies a rare form of leadership grounded in values rather than valuations.
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