Dr. Sridhar Mitta, aged 63 years, is the Managing Director and Founder of NextWealth Entrepreneurs Private Limited, Bangalore, India, which promotes Social Entrepreneurship. NextWealth identifies business opportunities with a social intent and helps entrepreneurs to build commercial ventures by providing them with angel funding, mentoring, incubation etc. NextWealth is currently setting up multiple Rural Centers to create 10,000 jobs for rural graduates reversing the trend of their migration to cities. The business model provides value to rural graduates, customers and NextWealth.
Dr. Mitta is also the Managing Director of e4e India. e4e India is part of e4e Inc. whose vision is to add business value to its customers through technology services. Today, e4e is a global company with annual revenues of over US$ 80 millions.
Dr. Mitta was the First Employee at Wipro Limited Information Technology business since its inception in 1980 and played key role in Wipro achieving technology leadership. As its Chief Technology Officer and President of 'Wipro's Global R&D', he spearheaded strategies which transformed the captive R&D unit into a profitable business. He pioneered global delivery of outsourced product development services to technology companies like Intel, Cisco Systems, Tandem Computers etc. Wipro became the highest valued company in India during his tenure. Wipro R&D received 'Award of Excellence in Electronics' from Government of India for five years in a row. Wipro earned coveted CMM Level V software quality certification under his leadership.
Dr. Mitta was also the Founder and CEO of EnThink Inc., an Intellectual Property design and licensing start-up located in silicon valley. He began his career with Electronics Corporation of India, Ltd, Hyderabad.
Dr. Mitta is very passionate about promoting entrepreneurship as entrepreneurs create wealth disproportionate to available resources by taking calculated risks. He is associated with The IndUs Entrepreneurs (TiE) which fosters entrepreneurship globally, for over a decade. He was President of TiE Bangalore Chapter for over four years and was elected to Board of Trustees of TiE Global. He is also advisor to several venture capital organizations including IDG Ventures, Inventus and Kitven. He mentors many young companies.
Dr. Mitta serves in several Boards of companies located in the United States and India, including e4e Inc., TVS Capital and TVS Electronics.
Dr. Mitta holds a PhD and MS from Oklahoma State University, US ;He has been inducted into CEAT Hall of Fame Oklahoma State University; an M Tech from the Indian Institute of Technology (IIT), Kharagpur; and an undergraduate degree in Electronics and Communication Engineering from Andhra University. He is Fellow of Indian National Academy of Engineering.