Romesh Wadhwani

I think the tradition of philanthropy is far better developed in the U.S. than in India, as is the whole notion of giving away 50% of your wealth while you are still living and not waiting till you're gone.

I have committed to giving away 80% of my wealth, much of it in India, but also in other countries.

I feel that India lacks a level of philanthropy that is proportional to the wealth that is here, particularly among the top 5,000 industrialists and entrepreneurs.

I don't want to live with the guilt of messing up someone's retirement fund.

I don't want to take a company public and not have it do extremely well and fail the public shareholder.

We have a mentoring and angel investing programme. We are also talking to the government to help create a VC industry.

A philanthropic venture requires all the energy, knowledge and money from its founder that a company requires from the leadership team.

STG is a combination of a holding company and a private equity model.

I'm from an Indian family of professionals, and my parents had to go through hardships themselves to send me to IIT-Mumbai.

No one is an island. All these entities that drive economic development are interconnected in one sense or another.

For most Indians in America, wealth is not inherited. Neither do we make it as heads of large hedge funds and private equity funds. For us to make it to the top, we have to use our knowhow to create great new technology products and build high-tech companies.

If you look at the major industries of the future, IT and mobile are way up there.