How They Built A 50,000 Cr Tech Company In An Indian Village | FREE MBA Masterclass | Ep. 52

"we're also going ahead, we're also working on AI yeah that's what I want to ask you because the world is now just talking about Ai and I hear a lot of things about you know how AI is going to take jobs and all of that so how do you think a is going to make the workplace better and how is Zoho you know leading that way definitely we'd like to see it as something that augments someone people's you know productivity so for example there's something that we did in work drive right recently do you want to talk about it yeah hi so what we see is AI is a part of every app that we build it's not a separate entity our aim is that our customers know don't know that they're using AI itself"

"yeah so I take care of the content management platform so with AI it's going to evolve into a Content intelligent platform what is content management platform for the audience so it's a it's where you have your files your data your PDFs your images your videos basically everything that's Centric to an organization"

"so the idea is this contextual learning carried on for one year in the classroom followed by one year of internship inside the company and we pay them every step of the way wow we don't charge fees we instead give them 10,000 rupees per month while studying while studying wow yes and then what is the like the age group minimum age 17 to 20 is the age bracket we take them in the only condition we stipulate is you shouldn't have a college degree okay you come in looking for an alternative to college education okay so after my 11th and 12th yes if I don't want to go to Conventional college education I can choose this and it is free of cost um we pay you pay yes okay so it's negative free yes"

"how do I apply uh you visit our website www.zoo schools.com anybody can apply anybody can apply we even have application from Nepal Bangladesh Sri Lanka interesting"

"so like what percentage Yeah even 60% of our works of of our Revenue goes back pumped in for building new stuff build a better mous trp so 60% of your revenues is going back into R&D yes wow that is like very few companies I think do that lopsided some of them will say most of the budget goes into marketing and getting more sales but you're saying here more than half is going into R&D yes wow"

"we have every one of our products has a free version okay a free version that's good enough for solopreneurs small one one group of people working in one kind of things and we give them flexible contracts okay they need not be locked in to long-term contracts they can they can sign up use it for a month get a feel for the thing and then decide whether they want to continue or not because we are interested in the long game we want them to sign up for life"

"one of the fundamental uh decisions we took was move away from high cost real estate okay this is Outskirts of Chennai it must have taken you an hour from the airport to reach here and uh it's not just cost saving that's a direct benefit yes but there is a secondary benefit many people Overlook you also automatically select away that Urban kid Millennial looking for the glits right we automatically self- select them outside the employment they don't get they don't join us we don't want them right they not going to be happy here yes and when you do that these are the people who are ready for the long-term who was who are ready not just for money but they are looking for autonomy they are looking for a sense of purpose they are looking for pursuit of Mastery right so when you do that automatically costs keep down"

"his parents told him never borrow money okay never borrow money and that was a personal advice they had given him but he instituted it as a company policy we never borrowed money Venture capitalists came acquisition requests came we said no we will be fiercely independent we want to conduct experiments we want to do moonshots and for such things OPM they call it other people's money yeah we don't want to be opium addicts we would rather do it within our purse if it will take long let it take long"

"I'll tell you three things the first thing is don't look for money as your end goal if you are trying to switch from regular employment to entrepreneurship because you think you'll make a lot of money uh that's probably the wrong uh uh um career path that's not that's not the right thing to do uh the second thing I would say is practice patience and mindfulness because um almost all the good things in life take time including making big in the world of Entrepreneurship and the third advice it's probably uh meta advice uh as an entrepreneur don't ask for advice because most of the advice comes from a past right that is never going to be repeated ever for today's right Zak can't give advice about how to create another Facebook because today another Facebook can't be created right so do not ask for advice is the third advice"

"we're also going ahead, we're also working on AI yeah that's what I want to ask you because the world is now just talking about Ai and I hear a lot of things about you know how AI is going to take jobs and all of that so how do you think a is going to make the workplace better and how is Zoho you know leading that way definitely we'd like to see it as something that augments someone people's you know productivity so for example there's something that we did in work drive right recently do you want to talk about it yeah hi so what we see is AI is a part of every app that we build it's not a separate entity our aim is that our customers know don't know that they're using AI itself"

"yeah so I take care of the content management platform so with AI it's going to evolve into a Content intelligent platform what is content management platform for the audience so it's a it's where you have your files your data your PDFs your images your videos basically everything that's Centric to an organization"

"so the idea is this contextual learning carried on for one year in the classroom followed by one year of internship inside the company okay and we pay them every step of the way wow we don't charge fees we instead give them 10,000 rupees per month while studying while studying wow yes and then what is the like the age group minimum age 17 to 20 is the age bracket we take them in the only condition we stipulate is you shouldn't have a college degree okay you come in looking for an alternative to college education okay so after my 11th and 12th yes if I don't want to go to Conventional college education I can choose this and it is free of cost um we pay you pay yes okay so it's negative free yes"