Humble gesture: Why Mindtree cofounder Subroto Bagchi treasures a Re 1 SBI cheque; calls it ‘biggest wealth'
Mindtree co-founder Subroto Bagchi has reminded the nation that the true measure of success lies not in money, but in meaning. In a heartfelt social media post, Bagchi shared a picture of a Re 1 cheque, his final salary after eight years of public service as chief advisor to the Odisha government for Institution and Capacity Building.
'For every year of the work I did with the government, the deal was that they paid me Re 1,' he wrote on X . 'For the 8 years out there, I got 8 cheques and this one here was my last salary drawn.'
The symbolic payment, issued by the State Bank of India, wasn't just a token — it was a powerful reminder of service without expectation, a value Bagchi said he holds dear.
As per ET, Bagchi accepted the role in 2016 at the invitation of then Odisha chief minister Naveen Patnaik.
He also served as chairman of the Odisha Skill Development Authority and later as the state's chief spokesperson on Covid-19 during the pandemic.
Bagchi is widely respected for co-founding Mindtree in 1999, leading it as COO and later Executive Chairman until 2016. Following Mindtree's merger with L&T's IT arm, the entity became LTIMindtree.
Despite building a billion-dollar tech enterprise and pledging hundreds of crores towards philanthropy with his wife Susmita, Bagchi says it's this Rs 1 cheque that he treasures most.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Secure Your Child's Future with Strong English Fluency
Planet Spark
Learn More
Undo
The post quickly went viral and sparked an outpouring of admiration. 'This is India's real strength, jewels like You working silently and unconditionally,' one user commented. Another said, 'What a spectacular contribution to Odisha. You could have created Rs 8000 Crores in 8 years in Corporate World. Salute !!'
Bagchi began his career in the industries department of Odisha and rose to global recognition.
Yet, even with all his achievements, Bagchi's message was clear — 'What is the biggest wealth in this one life that I would never ever part with?' he asked rhetorically in his post, underlining the value of humility and purpose-driven leadership.
In an era marked by performative gestures and power-driven ambition, Bagchi's act stands out for its authenticity. His journey, from clerk to tech titan, and back to a humble public servant earning Rs 1 a year, embodies a rare form of leadership grounded in values rather than valuations.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
DDA's land licensing model bags ₹10,000 cr deal with Fleur Hotels
The project is expected to generate approximately Rs 10,000 crore over a 55-year period Press Trust of India New Delhi The Delhi Development Authority (DDA) has awarded the first project under its new Special License Property (SLP) initiative to Fleur Hotels, a subsidiary of Lemon Tree Hotels, officials said on Saturday. The project is expected to generate approximately Rs 10,000 crore over a 55-year period. "DDA had invited bids through a Request for Proposal (RFP) issued on May 2, 2025, for a 2-acre land parcel in Nehru Place earmarked for a five-star hotel. The bidding process, conducted on August 13, saw Fleur Hotels secure the project with an annual license fee offer of Rs 27.19 crore, about 50 per cent higher than the reserve price of Rs 18 crore," DDA said in a statement. This marks a major shift in DDA's land disposal policy. Moving away from the traditional freehold and perpetual lease models, the SLP initiative allows long-term development on an annual license basis. Reforms set into motion last year by Lt Governor VK Saxena, have yielded spectacular results in terms of revenue generation for the DDA even while facilitating the much needed developments in the capital, the statement added. According to officials, the Rs 10,000-crore revenue estimate includes annual fee escalations over the 55-year license term. "This new model is expected to significantly boost DDA's income, while facilitating key infrastructure development across hospitality, healthcare, logistics, and retail sectors," the statement added. The project awarded to Fleur Hotels will see the development of "Aurika" at Nehru Place, one of Delhi's largest luxury hotels with over 500 rooms. Lemon Tree Hotels, which operates more than 110 properties in over 75 cities, plans to bring its upscale brand experience to the Capital through this venture. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
Samsung to expand manufacturing portfolio in India, says Ashwini Vaishnaw
South Korean electronics major Samsung is expanding its manufacturing portfolio in India, union minister Ashwini Vaishnaw said on Saturday. Globally, Samsung has its second largest mobile phone manufacturing unit in India and it is the second largest exporter of the handsets from the country after Apple. "Samsung continues to expand manufacturing of its advanced technology devices in Bharat, driven by talent and innovation. Its research unit in Bharat has more than 7,000 engineers," Vaishnaw said in a social media post. The minister on X posted a photo of his meeting with Samsung Southwest Asia, President and CEO, JB Park and Samsung Southwest Asia, Corporate Vice President, SP Chun. Earlier this year, Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh had said the company is preparing for manufacturing laptops in India. The company continues to make all smartphones that it sells in India including latest flagship smartphones Galaxy Z Fold7, priced in the range of Rs 1.74 lakh to Rs 2.11 lakh apiece and Galaxy Z Flip7 which is priced in the range of Rs 1.09 lakh to Rs 1.22 lakh apiece. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
14 minutes ago
- Time of India
Capricorn Daily Horoscope Today, August 19, 2025: A wrong word now could damage trust beyond repair
Today brings a gentle energy where your presence can soothe those around you. People may find comfort in your words and actions. Use this gift to bring harmony to situations that feel tense. Avoid being drawn into negativity; instead, remain calm and composed. Your inner peace will create a positive impact wherever you go. This is a day to lead with kindness and patience. When you radiate peace, it returns to you, making life smoother and relationships more fulfilling. Capricorn Love Horoscope Today In love, your calming nature strengthens emotional connections. If you are in a relationship, spend time listening to your partner and offer reassurance. Avoid unnecessary arguments and let understanding guide the bond. For singles, your peaceful energy will attract someone who values stability and kindness. Focus on building connections based on respect and trust. Love grows beautifully when you create a safe and soothing space for it to flourish. Today, harmony and gentleness will make your heart feel complete. Capricorn Career Horoscope Today Career progress today benefits from your ability to remain calm in stressful situations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo Challenges may arise, but your patience will turn them into opportunities. Colleagues may admire your balanced approach, and seniors may trust you with responsibilities. Your peaceful attitude will inspire teamwork and improve relationships at work. This is a day where your presence alone can influence the environment positively, leading to recognition and smooth progress in professional matters. Capricorn Money Horoscope Today Financially, peace of mind comes from stable and thoughtful planning. Avoid making decisions under stress or pressure. Take time to review your finances calmly and choose options that secure long-term stability. Do not allow fear or greed to drive investments. Small but steady efforts will bring strong results. Avoid unnecessary expenses today and focus on building savings. A calm approach toward money ensures better control and attracts abundance slowly but surely, creating both security and satisfaction in the process. Capricorn Health Horoscope Today Health thrives when you focus on creating peace within your body and mind. Avoid stress by giving yourself time to relax. Gentle exercises like yoga, walking, or stretching will refresh your energy. Eating light and nutritious food supports physical balance. Emotional health also improves when you spend time in quiet surroundings. Meditation or soft music can calm your thoughts. When you maintain inner peace, your body responds positively, leaving you feeling stronger, happier, and ready to handle the day gracefully. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
