Parvatha Reddy Balaram Reddy, chairman of the board of directors of the US-based CommuniClique Inc., plans to pay back to his motherland by bringing his India office to Tirupati, making it the first IT multinational company in the temple city. Aiming further, he plans to establish ‘Srivari Valley’ as the Sunrise State’s answer to the Silicon Valley.
‘Srivari Innovation Park’ has been proposed on a 250-acre site near the Indian Institute of Technology (IIT) campus at Yerpedu, for which the Preliminary Project Report (PPR) has been prepared. “It will be an innovation hub, facilitating interaction between enterprising brains and experienced academicians. We have taken cue from the Stanford Innovation Park near Stanford University and the Madras Innovation Park near IIT-Madras,” Dr. Reddy told The Hindu in an exclusive interview.
After walking out of the portals of the Sri Venkateswara University College of Engineering (SVUCE) as a gold medallist in the mid-sixties, Dr. Reddy got Rs. 375 as his first month’s pay as a lecturer but is now the proud chairman of a company that netted $75 million in revenue in 2015 and is poised for $130 million for 2016.
CommuniClique, launched in 2006, provides voice and SMS service to millions of users across multiple platforms, with 4,000 developers in 150 countries. Dr. Reddy plans to get the message across during conferences from February 13 to 14 in Mumbai and from February 15 to 16 in Delhi, where Chief Minister N. Chandrababu Naidu will market Andhra Pradesh.
“This is an opportunity for us to showcase Tirupati”, Dr. Reddy added. The company will soon organise a developers’ conference or with around 4,500 developers to set the idea in motion.
Srivari Innovation Park will be an innovation hub, facilitating interaction between enterprising brains and experienced academicians.
Parvatha Reddy Balaram Reddy,
CommuniClique Inc
