The Rotary Club of Madras East (RCME), one of the premium Clubs in Chennai, presented the “Woman Entrepreneur of the Year” award to Ms. Lakshmi Potluri, Start Up Advisor and former Co-Founder, Jabong .com.
The Chief Guest was Shri Manikam Ramaswami, Chairman and Managing Director, Loyal Textile Mills Ltd. Rtn. Jayanthi Govindan, President, Rtn. Ravi Venkatramani, Director, Vocational Service and Rtn. Babu Krishnamoorthy, Secretary, RCM East were also present.
Ms. Potluri, has almost a decade of global experience in technology/finance/retail/ecommerce & management and an expert in digitizing and scaling businesses.
Ms. Potluri has successfully co-founded jabong.com, one of India’s largest lifestyle online store. During her leadership, Jabong rocketed to be the number one online lifestyle destination in a short span of 9 months.
Prior to that, Lakshmi worked in the Securities Division of Goldman Sachs, Hong Kong and was instrumental in launching cross asset structured products for the India Market. Prior to Goldman Sachs, Lakshmi was a senior consultant at many of IBMs global offices for almost 6 years. During her tenure at IBM she filed ~ 22 US patents in the areas of pervasive technologies and has co-authored 2 books in the Life-sciences & Telecom sectors.
Lakshmi is from Chennai, who is committed to build an active entrepreneurial community in the City. As an active member of The Chennai Angel's, she spends time mentoring entrepreneurs and investing in new businesses. Lakshmi has an MBA from Columbia Business School, New York , a Masters in Computer Science from the University of Texas and a Bachelor of Science from The University of Madras.
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Shri Manikam Ramaswami, Chairman and Managing Director, Loyal Textile Mills Ltd. presenting the Woman Entrepreneur of the Year Award to Ms. Lakshmi Potluri. Rtn. Jayanthi Govindan, President, Rtn. Ravi Venkatramani, Director, Vocational Service and Rtn. Babu Krishnamoorthy, Secretary, RCM East are seen.
About “Woman Entrepreneur of the year Award”:
Welcome to the new age of the woman entrepreneur, where successful women leaders are embracing their gender differences by creating female-inspired products and services, with companies led by moms and funded by empowering sisters. Men aren’t out of the picture, but they’re no longer defining the parameters of success.
Women enterprises contribute 3% of the industrial output and employ 8 million people, mostly in services. The total demand of finance for these enterprises was well over 8.68 trillion Rupees and that gives us a perspective to how significant women are as a player in the business landscape of India.
The amount of funding for women-owned firms is still less than for men, the number of angel investments are growing.
A young girl, who had to drop out of school for circumstances bizarre, started a small enterprise at the age of 10. She prospered in the next 8 years when marriage to a rich baron confined her to her home. Fifteen years hence when a financial calamity visited them, this woman who could stare debt on its face, remerged and started yet another enterprise, alongside managing a household of six children and the attendant work-load in the task. She ran it successfully for twenty five more years until great times re visited them. She is 83 years young and living happily with her son. She is Mrs. K. Rajeswari, mother of Rotarian Surendra, RCM East, in whose honor and for the inspiration she gave us, this award has been instituted.
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