STAY HUNGRY

STAY FOOLISH

2 # ROCK WITH IT
ROLL WITH IT
 CONTENTS :

 Brief intro about SHANTANU PRAKASH.

 Personal life and Education.

 Describing few Situations through his journey.

 Summary
 EDUCOMP was founded in
1994 by Mr.Shantanu
Prakash.

 It provides Informatiom
Technology Enabled
Solutions(ITES)to
students, parents and
schools.

 It serves the k-12 segment

in India as well as in other
countries like US,
Singapore,China and Sri
Lanka.
 PERSONAL LIFE :

 His father was a sail officer and his mother was a school
teacher.

 He completed his 12th standard in DPS in Delhi.

 Later he joined BCOM in Shri Ram college of commerce.

 Then he got into IIM Ahmedabad for MBA.

 He describes himself as a “Voracious Reader”

• Throughout the journey towards his success, Shantanu
has passed through various situations and had taken
many wise and bold decisions.

• Some of the situations are discussed below :

1#

 While doing his B.Com, He started an “Event

Management Business” with his friend.

 They conducted Rock Music Concerts by collecting

sponsorship from companies, performing events in
Hotels and sell tickets.

 They could collect upto 4 to 5 Lakh Rupees.

 2#

 1st year in IIM , he continued his business of

conducting music concerts even while doing his
MBA .

 He got contract with thumps up to stage concerts

all over india he used to go to mumbai on
weekends for workiing with his friend and
organising the concert.
 3#

 In 1988 seventeen members of his batchmates

got placed in citibank at salaries of around 7k
to 8k per month.
 But Shantanu didn’t go for placements
 Instead , he started another company in just 2
years
 The company’s turnover was 4 to 5 crore
rupees.
 4#

ORIGIN OF EDUCOMP:

 Due to ideological differences with his partner ,

he decided to start his own company by name
EDUCOMP.
 The first product launched by it was a “ School
Management System” an ERP of sorts for
schools.
 “All the stuff they teach you in terms of case studies
at IIM Ahmedabad , all that is really relevant. But
while on campus you appreciate none of it because
you haven’t gone through the grind. Not
understanding what running a business means , you
later relearn all those lessons the hard way ”

- Shantanu Prakash
 He says, “One way to describe myself would be,
an eternal optimist.

 When you are an optimist some of the external

environment stuff doesn’t really bother you . It
never bothered me .”
 Shantanu’s suggestion on finding a Business Partner :

 “The trick is to identify whether a person ,where he

or she wants to do something different.

 Being part of a start-up organisation , fast growth.

That’s how I was able to get some really good people
as partners.”
 SUMMARY:

• Shantanu Prakash is a first Generation entrepreneur who

has re-defined the concept of education delivery in India
using Technology.

• He has immense respect for his visionary impact on

education sector.

• He advices young entrepreneurs to prefer doing a

Business ,following their internal Passion although
struggling initially, rather than doing a Job.

• His Courageous journey towards his goal is an inspiration

to the entrepreneurs to move forward .