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NEW DELHI: What makes companies stock market favourites? They dare to dream. As equity indices scaled fresh peaks in 2021, here s how an initial push of Rs 10,000 fared over the decades in the below mentioned stocks.
IT stocks
Infy: Rs 1.5 crore (1995 )
Infosys is the stuff of middle class dreams. It was founded as an IT services company in 1981 by seven engineers led by N R Narayana Murthy, with an initial capital of Rs 10,000 that Murthy’s wife gave him. It was money she had saved for a rainy day. The same year it signed its first software client, New York-based Data Basics Corporation.
Brian Acton, co-founder of WhatsApp, left Facebook in 2017 over differences with Facebook founder Mark Zuckerberg on monetisation of WhatsApp. Three years before that, Zuckerberg acquired WhatsApp for a whopping $16 billion in one of the largest tech M&As then.
In 2018, Acton co-founded Signal Foundation, a not-for-profit organisation, which houses the messaging platform under the same name. While Signal is being considered the gold standard of privacy for private conversations, it has seen an unprecedented spike in downloads from Android and Apple users across the world, leading the free app charts in nearly 60 countries. India, by sheer volume of users, has emerged as its largest market in the world, much like his previous messaging platform WhatsApp.
Brian Acton, co-founder of WhatsApp, left Facebook in 2017 and in 2018 co-founded Signal which is now being considered the gold standard of data privacy and has seen an unprecedented spike in downloads from Android and Apple users across the world. Following FBs controversial use of user data, Acton said not just the nerds, mom, dad, everyone is talking about data now.