Umang Gupta, who paved the way for India’s tech leaders, dies at 73
Unlike most other companies of the time, it chose to run the software online and sell it as a subscription service, a business model that now dominates enterprise computing.
“He was ahead of his time thinking about where things are going and what’s going to happen next,” said Keynote board member and longtime friend Mohan Gyani.
Mr. Gupta took Keynote public in September 1999. In early 2000, he raised an additional $350 million in a secondary offering, which helped Keynote weather the technology crisis that quickly followed.
In 2013, he sold Keynote for $395 million to private equity firm Thoma Bravo and retired from enterprise software. But he kept a high profile as a philanthropist and working with a group that represented alumni of Indian Institutes of Technology (he had attended the Kanpur campus), said Kanwal Rekhi, a veteran Silicon technology executive. Valley and an investor who served on the board of Gupta Technologies.
Members of the IIT group included figures from industry, academia and the investment community who could often disagree strongly with each other on a range of topics, said Gunjan Bagla, chief executive of the firm of board Amritt, who helped lead the group with Mr. Gupta. .
“Umang was an exceptional leader who could lead a group from chaos to calm,” he said.
Umang Gupta was born on August 3, 1949, in Patiala, Punjab state, northern India, to Ved Prakash Gupta, who worked in the Indian Ministry of Labor, and Ramnika Gupta, a politician. Umang’s parents were socialists from different castes who met at Mohandas Gandhi’s funeral, a departure from a traditional arranged marriage.
The couple later separated and Umang was brought up with the help of his grandparents.
He spent four years in a military boarding school and was to join the National Defense Academy, a tradition in his mother’s family. Instead, he chose IIT Kanpur, where he graduated with a bachelor’s degree in chemical engineering in 1971. The campus had some of the earliest IBM computers in India, and Mr. Gupta also learned programming skills there.