TDP's Chandra Sekhar Pemmasani US Returned Doctor, Entrepreneur & Now Richest MP
Doctor Chandra Shekhar Pemaasani of the TDP is the richest MP in the Modi 3.0 government. Now he's a Union minister as well. But his story is one of rags to riches. From collecting cow dung in his village to becoming a doctor from Osmania Medical College to then pursuing his MD in the United States to then building an online education empire, Pemaasani story is noteworthy. He's the founder of U World, an online learning platform for high stakes competitive exams in the United States. But how did he go from being a doctor to building a business empire? When I was studying for this, it was hard for me and it was quite expensive. At that time. I paid almost $5000 if I remember correctly in the year 2000. And obviously I didn't have money so I had to borrow from my relatives. So I paid so much money and it didn't really, it did help me to certain extent, but not you know, worth it. The way the amount of money that I paid, I thought I could do much better. So what did you do? Did you start teaching or did you start writing papers? No, I started writing. I started writing because I would see patients in the hospital morning, you know, 5-6 O clock and then whatever the patients I have seen on that day, I take up that real life scenarios and put it in more practical for people who haven't seen the patients to learn that way. So that kind of practical case approach is what gave so much success. So you started writing papers and then how did that get into business? And I believe you also helped those who didn't have medical insurance. Once I wrote that one, I sent it to almost 100 publishers across all the United States. You know at that time most publishers did not respond. There was only one publisher responded is then that was the time Internet was coming. I was looking sitting in a library. There was a nice computers. I said you know forget about these books, let me put it online and see. Then I we typed everything, me, my wife, my brother-in-law, my brother, four of us worked together and put it online. We created a small PayPal gateway at that time with a $75 investment, and then people liked it and they were accessing online. That's how the business started. It was never with the idea. I want to build the greatest business. The sole intention was to help people so that they can understand better. The same struggle that I went should not be to the rest of the people. That was the idea. And then how did it expand? So then people started liking it. They were telling their friends. Friends were telling them, so actually without any marketing and sales people, we captured literally 100% of all the doctors were using our product. Then there was no other doctor to sell our product. Then let's what else we can do? Then we did it nursing one year and then the following year pharmacy and then we we consider all the schools were using. We got 100% market share. Then we thought, OK, we build all these systems, we have all this knowledge, why only medicine? Why can't we help lawyers, accountants, finance people? Even for them, they were not passing the exams, they were struggling. We thought the same way we teach medicine could be taught in other areas and then we expanded into all those areas and we were quite successful.