• India’s newest billionaire is an IITian and founder of Pune-based tech firm.
• Deshpande’s new billionaire status comes on the back of a significant rally in Persistent Systems shares this year.
• In Computer Science and Engineering from the Indian Institute of Technology, Kharagpur, and a M.S. and a Ph.D. in Computer Science from Indiana University, Bloomington, Indiana, USA. As per Forbes, he pooled together around $21,000 from his savings and loans from his dad and friends to set up the database venture Persistent Systems in Pune.

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