Latest news with #SubrotoBagchi
India.com
4 days ago
- Business
- India.com
Why Mindtree founder Subroto Bagchi, who donated Rs 1000000000, still holds Re 1 Cheque?
In a world where most people are chasing wealth, Subroto Bagchi, co-founder of Mindtree shows life is much more than just money. Recently, Bagchi shared an emotional and thought-provoking post on the social media platform X (formerly Twitter), where he displayed an old cheque from the State Bank of India. The cheque was worth just Rs 1 but to him, it is priceless. Subroto Bagchi's Rs 1 Cheque This Rs 1 cheque wasn't payment for consulting a company or startup. It was his final salary for serving as the Chief Advisor to the Government of Odisha. Bagchi held this post for eight years and accepted only Rs 1 as his annual salary as a symbolic gesture that shows his commitment to public service over financial reward. Bagchi wrote: '' What is the biggest wealth in this one life that I would never ever part with? Well, for every year of the work I did with the government, the deal was, they pay me Rs 1. For the 8 years out there, I got 8 cheques & this one here was my last salary drawn.'' What is the biggest wealth in this one life that I would never ever part with? Well, for every year of the work I did with the government, the deal was, they pay me Rs 1. For the 8 years out there, I got 8 cheques & this one here was my last salary drawn 🙏 — Subroto Bagchi (@skilledinodisha) July 5, 2025 Who Is Subroto Bagchi? Subroto Bagchi is known as the co-founder of Mindtree, an IT and consulting firm. He has received many awards for his leadership, vision, and philanthropy. He has substantial wealth but this Rs 1 cheque holds the deepest meaning for him. He and his wife, Susmita Bagchi, have donated hundreds of crores for causes like cancer care and skill development. While many business leaders ask for high payments for advisory roles, Bagchi made it clear that his motivation was never money. It was a sense of duty towards his home state, Odisha. His service was quiet and selfless.
Time of India
4 days ago
- Business
- Time of India
Humble gesture: Why Mindtree cofounder Subroto Bagchi treasures a Re 1 SBI cheque; calls it ‘biggest wealth'
File photo: Mindtree cofounder Subroto Bagchi 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 Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo 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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
4 days ago
- Business
- Economic Times
Mindtree founder Subroto Bagchi has donated hundreds of crores but a Re 1 SBI cheque is his 'biggest wealth of life'
Mindtree co-founder Subroto Bagchi called a symbolic Re 1 salary from the Odisha government the greatest wealth of his life. (Image: X/@skilledinodisha) In a world where success is often measured by wealth, titles, and accolades, Mindtree co-founder Subroto Bagchi has reminded us that true wealth lies far beyond the confines of a bank account. In a deeply emotional and thought-provoking post on social media platform X (formerly Twitter), Bagchi shared a picture of an old-fashioned paper cheque issued by the State Bank of India. Its value? Just Re 1. But to him, it's priceless. The cheque, was not for services rendered to a corporation or startup. It was his last salary as Chief Advisor to the Government of Odisha for Institution and Capacity Building—a role he served in for eight years. For each of those years, Bagchi accepted a symbolic salary of Re 1, never seeking financial reward for his public service. 'What is the biggest wealth in this one life that I would never ever part with?' Bagchi wrote, reflecting on the journey. 'For every year of the work I did with the government, the deal was that they paid me Re 1. For the 8 years out there, I got 8 cheques and this one here was my last salary drawn.' Bagchi is best known as the co-founder of Mindtree, a globally respected IT and consulting firm. Over the years, he has earned accolades for his leadership, vision, and philanthropy. But despite his financial success—he and his wife Susmita have pledged hundreds of crores for causes like cancer care and skill development—it's this small cheque that he treasures most. It symbolizes his belief that service to one's people can be its own profound the years, his journey has taken many forms — from a private-sector professional to an IT entrepreneur, an author of business books, and eventually, a public servant. One of the defining milestones of his career was co-founding Mindtree in 1999. He began my tenure there as the Chief Operating Officer, and over the course of next two decades, he rose to become the Executive Chairman. His time at Mindtree came to a close in 2016, and just a few years later, in 2019, the company was acquired by Larsen & Toubro (L&T). Following its eventual merger with L&T's IT subsidiary, the new entity emerged as LTIMindtree. In 2016, following an invitation from Naveen Patnaik, then Chief Minister of Odisha, he embraced a new chapter in public service as the Chairman of the Odisha Skill Development Authority. During the pandemic, he also served as the government's chief spokesperson on Covid-19, helping communicate crucial information during a time of crisis. — skilledinodisha (@skilledinodisha) The post quickly went viral, striking a chord with netizens who praised Bagchi's humility and values. 'Your gesture is a lotus in the mud of public virtue—its fragrance best left unannounced,' one user wrote poetically. Another commented, 'We need more people like Subroto Bagchi in Odisha who are successful in their fields and committed to contributing to our beloved state in whatever way they can.' Many described him as a rare example of ethical leadership in an era increasingly dominated by personal gain and performative virtue signaling. 'True selfless service, sir. A rarity in today's world. Thank you for your great service to Odisha,' read another comment. Bagchi's Re 1 cheque may be small in amount, but it carries the weight of a powerful message: that public service, when done with integrity, is itself the highest compensation. It evokes a time when symbolic salaries were a mark of honor, not just optics. In an era where monetary success is worn as a badge of importance, Bagchi's decision to treasure a Re 1 cheque over all else is both radical and humbling. Subroto Bagchi's journey from a clerk in Odisha's Industries Department to co-founding a billion-dollar tech firm and returning to serve his state for Re 1 a year, captures a rare arc of ambition anchored in humility. His decision to value a symbolic cheque over corporate millions reaffirms that leadership is not about power, but about purpose. ( Originally published on Jul 06, 2025 )
India.com
5 days ago
- Business
- India.com
Mindtree Co-Founder Subroto Bagchi Still Cant Part With His Re 1 SBI Cheque --The Reason Will Humble You
New Delhi: In a world where money and fame are viewed as indicators of success, Mindtree co-founder Subroto Bagchi has shared a powerful message. Bagchi posted a photo of an old paper cheque on the social media platform X. It was his salary of Re 1. Bagchi views this pay as his biggest wealth that he would never ever part with. The salary drawn by Bagchi may be modest but it serves as a reminder that true wealth is more than just money. It's more the sense of fulfillment that comes from serving your state. Bagchi served as the Chief Advisor to the Government of Odisha in Institution and Capacity Building. He shared a picture of his last drawn salary cheque on X. In the post, Bagchi disclosed the biggest wealth of his life which he truly cherishes. Speaking about his time working with the Odisha government, Bagchi said that he received Re 1 for every year of service. He received eight cheques in eight years. This is Bagchi's greatest wealth that he would never part with. What is the biggest wealth in this one life that I would never ever part with? Well, for every year of the work I did with the government, the deal was, they pay me Rs 1. For the 8 years out there, I got 8 cheques & this one here was my last salary drawn _ — Subroto Bagchi (@skilledinodisha) July 5, 2025 Displaying the cheque, Bagchi said, "What is the biggest wealth in this one life that I would never ever part with? Well, for every year of the work I did with the government, the deal was that they paid me Re 1. For the 8 years out there, I got 8 cheques and this one here was my last salary drawn." Bagchi is a private-sector professional turned IT entrepreneur, an author and a public servant. He co-founded Mindtree, a globally respected IT and consulting firm in 1999. Bagchi took on the role of chairman of Odisha Skill Development Authority in 2016. He was also the chief spokesperson of the government on COVID-19. Netizens reaction to Bagchi's post The post shared by Bagchi went viral, with many people calling it a rare example of true selfless service. One user said, "Your gesture is a lotus in the mud of public virtue—its fragrance best left unannounced. True service, like silent rivers, nourishes without noise; let not the echo of a token drown the quiet power of genuine giving." "What a spectacular contribution to Odisha. You could have created Rs 8,000 Crores in 8 years in the Corporate World. Salute!!" said another user. Another user commented, 'True selfless service, sir. A rarity in today's world. Thank you for your great service to Odisha.' A user said, "You are a great man who thinks for his country rather than for self-growth." "We need more people like Subroto Bagchi in Odisha who are successful in their fields and committed to contributing to our beloved state in whatever way they can,' said another user.
Time of India
7 days ago
- Business
- Time of India
Mindtree co-founder Subroto Bagchi has donated hundreds of crores but a Re 1 SBI cheque is his 'biggest wealth of life'
In a world where success is often measured by wealth, titles, and accolades, Mindtree co-founder Subroto Bagchi has reminded us that true wealth lies far beyond the confines of a bank account. In a deeply emotional and thought-provoking post on social media platform X (formerly Twitter), Bagchi shared a picture of an old-fashioned paper cheque issued by the State Bank of India . Its value? Just Re 1. But to him, it's priceless. The cheque, was not for services rendered to a corporation or startup. It was his last salary as Chief Advisor to the Government of Odisha for Institution and Capacity Building—a role he served in for eight years. For each of those years, Bagchi accepted a symbolic salary of Re 1, never seeking financial reward for his public service . 'What is the biggest wealth in this one life that I would never ever part with?' Bagchi wrote, reflecting on the journey. 'For every year of the work I did with the government, the deal was that they paid me Re 1. For the 8 years out there, I got 8 cheques and this one here was my last salary drawn.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo From Co-Founding Mindtree to Serving His State Bagchi is best known as the co-founder of Mindtree, a globally respected IT and consulting firm. Over the years, he has earned accolades for his leadership, vision, and philanthropy . But despite his financial success—he and his wife Susmita have pledged hundreds of crores for causes like cancer care and skill development—it's this small cheque that he treasures most. It symbolizes his belief that service to one's people can be its own profound reward. While many business leaders transition into advisory roles with significant remuneration, Bagchi made it clear that his motivation came not from money, but from a sense of duty and love for his home state, Odisha. His commitment was not performative; it was a quiet, consistent act of selfless service. You Might Also Like: Thyrocare founder Dr Velumani remembers his wife, an ex-SBI employee, who 'mothered' him for 30 years — skilledinodisha (@skilledinodisha) A Gesture that Resonated Across India The post quickly went viral, striking a chord with netizens who praised Bagchi's humility and values. 'Your gesture is a lotus in the mud of public virtue—its fragrance best left unannounced,' one user wrote poetically. Another commented, 'We need more people like Subroto Bagchi in Odisha who are successful in their fields and committed to contributing to our beloved state in whatever way they can.' Many described him as a rare example of ethical leadership in an era increasingly dominated by personal gain and performative virtue signaling. 'True selfless service, sir. A rarity in today's world. Thank you for your great service to Odisha,' read another comment. More Than a Token Bagchi's Re 1 cheque may be small in amount, but it carries the weight of a powerful message: that public service, when done with integrity, is itself the highest compensation. It evokes a time when symbolic salaries were a mark of honor, not just optics. In an era where monetary success is worn as a badge of importance, Bagchi's decision to treasure a Re 1 cheque over all else is both radical and humbling. His story is not just about the cheque—it is about redefining what it means to be wealthy. It's a call to action for others who have the means and capacity to give back meaningfully, not just with money but with time, knowledge, and heart. As Bagchi signs off from his government role, he leaves behind more than policy papers and institutional frameworks. He leaves a legacy of purpose—of leadership grounded in humility, and a belief that true wealth is the impact you create, not the riches you accumulate.
