Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / IT start-ups should focus on niche areas, small verticals: Murthy
BackBack

IT start-ups should focus on niche areas, small verticals: Murthy

IT start-ups should focus on niche areas, small verticals: Murthy

Premium

Mumbai: To succeed, any new start-up company in the IT services field should focus on niche areas or small verticals while doing some unusual things, Infosys’ chief mentor N.R. Narayana Murthy said on Monday.

New start-ups have to demonstrate that the idea which they are bringing to the table are not ideas which the big companies are doing, Murthy told reporters here.

The niche sectors could be retail, SMEs or providing mobile solutions, he said adding that the new ideas have to be much more specialised.

Talking about his own venture capital fund, Murthy said, “we are in touch with many companies and by 15 March 2010, we will be more active."

“We are evaluating the companies which are approaching us, their ideas, scalability of business, leadership of entrepreneurs, etc," Murthy said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 21 Dec 2009, 04:46 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie