Prior to founding Zscaler in 2008, he founded and led AirDefense, a wireless security pioneer, before its acquisition by Motorola. The first time Chaudhry flew was to Ohio where he was offered a scholarship to the University of Cincinnati for graduate school in the 1980s. Those first few months at IBM were frustrating. Reportedly, Jay faced severe hardship while growing up as his village lacked basic amenities like drinking water and electricity. His key? Jay Chaudhry. He was flying from his native India to the U.S. to attend graduate school at the University of Cincinnati. Himachal Pradesh-born Jay Chaudhry, the owner of the cybersecurity firm Zscaler, is among the top-10 Indian billionaires in the USA, as per the 10th edition of Hurun Global Rich List. Newcomers: These 19 Billionaires Join The Forbes 400 List In 2019, Zscaler Stock Stabilizes After Recent Harsh Reaction To Initial FY20 Outlook, SOX Doesn't Mean Secure: Avoid Compliance Complacency To Keep Your Enterprise Safe, How To Prevent Complacency From Putting Enterprise Security At Risk, Protect Four Key Areas To Create A Balanced Cybersecurity Portfolio, The Best Cloud Computing Companies And CEOs To Work For In2015. "I wanted to do a startup again because it is so satisfying to build something from nothing," he said. Jay Chaudhry is an Indian-American businessman who owns the cybersecurity firm Zscaler. Going out into the world to pursue higher education, Chaudhry received his BA in Electronic Engineering at Benaras Hindu University before earning an MBA and masters degrees in computer engineering and industrial engineering at the University of Cincinnati. DNA: Double attack of 'cold' and 'corona' on the heart, Sammed Shikharji Controversy: Jain Saint Dies After Fasting In Protest, DNA: 'Survey report' of the shifting land of Joshimath. LinkedIn is the world's largest business network, helping professionals like Ejaz "JAY" Chaudhry discover inside connections to . "My dad worked hard and was honest," Chaudhry says of his father, who had a small farm 8,000 miles and a world away from Silicon Valley. Zscaler bills itself as a cloud cybersecurity solution, or Security as a Service. Fitting with the theme of his company's annual conference this week "full cloud ahead" Chaudhry reviewed a slate of new acquisitions and features aimed squarely at stopping the kind of supply-chain attacks and ransomware that have made headlines. By analyzing the differences between these two types of cyber-security technology and explaining the nature of the tradeoff to CEOs and boards of directors, it is possible for CIOs and CSOs to bring clarity to an area that is hard to explain. Mentions of recession, bankruptcy, and Insolvency in SEC filings have all been steeply higher over the past two years compared with 2018 and 2019. It was a whole new world for him. While still up 25% so far this year, shares of Zscaler, a provider of cloud security solutions, have come down 45% from the all-time high of $89.54 reached in late July. And made money. They helped him put together a map of the decision-making structure at GE, and then things began moving. He along with six other cybersecurity software tycoons to emerge with 10-figure fortunes in . He co-founded Zscaler, a virtual security checkpost for companies exposed to cyber threats, in San Jose after a short stint in sales and marketing positions at MNCs like IBM. But they turned him down because he had "zero startup experience," he recalls. Steve House is a seasoned product leader with over 25 years of experience advancing network and . PMID: 27751840. His familys 42% holding makes him the richest Indian-American according to Forbes, and 45th on the list of wealthiest Americans for 2021. He also founded AirDefense (acquired by Motorola) and CoreHarbor (acquired by AT&T). Join the conversation. You and your wife left successful and comfortable jobs in the US for your first start-up; what made you take the risk? The following is an excerpt from SMIRK, a memoir of journalist Christie Smythe's unusual relationship with "Pharma Bro" Martin Shkreli. Now the richest Indian American, Jay Chaudhry built his fortune by going all in on security software. He was influenced by the startups booming in Silicon Valley to start his own firm. "Over six months the idea matured and I was ready to invest whatever money from my own pocket to build a platform that can scale.". Chaudhry built a business plan and took it to venture capitalists. OPINION: Why in the world does Elon Musk want to buy Twitter? VeriSign (VRSN) bought it in 1998. ", Chaudhry had no qualms. My son just flew in from Texas on American and reports the plane was full and there were no visible efforts by the cabin crew to ensure passengers wore masks. And data loss is a major problem for companies. magazines list of 400 wealthiest Americans for 2021, released earlier this week. My hope is that CIOs and CSOs can use this article and others I plan to write to start a more sophisticated discussion so that the reaction to a successful attack wont be to fire someone, but to understand what was learned and how to improve both strategy and tactics. Under the partnership, Zscaler will align the next-generation . [2][3][4] His parents were small scale farmers. Born to a small-scale farmer in Himachal Pradesh, he went on to found and sell four high-tech firms before starting his fifth, Zscaler, a cyber-security behemoth that has made him the wealthiest Indian-American, and put him at #45 overall, on the Forbes list of wealthiest Americans for 2021. 1/17/2023 It starts at the top. Wake. I wanted to do something big, Chaudhry said in November. [5], He earned a bachelor's degree from the Institute of Technology, Banaras Hindu University (IT-BHU), and a master's in Computer Engineering, a Master's in Industrial Engineering and MBA from the University of Cincinnati. 2023 Forbes Media LLC. Join Facebook to connect with Jay Chaudhry and others you may know. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! In an interview, Jay has mentioned that he visits India every year. 9 Times Sana & Sid's style matched like magic, A look at Urfi Javeds bold and statement looks, Tamil actors who got injured on film sets, Real names of celebs you probably didn't know, Meet the first runner-up of Miss Universe 2023, 10 super easy breakfast ideas to keep fit in 2023, All about Radhika Merchant's Mehendi lehenga, Cricketer Sarfaraz Khan on his fitness levels, Terms of Use and Grievance Redressal Policy. Start your day off with our weekly digest. Jay Chaudhry is a serial disrupter. Before Zscaler, Chaudhry founded. One of the most interesting tradeoffs facing CIOs and CSOs is the challenge of determining the right balance between on-premise and cloud cyber-security technology. His executiveteam jumps on any call or situation to make sure the customer is taken care of. For reprint rights: Times Syndication Service, WASHINGTON: Seven Indian-Americans figure on the. During that time, it swung from losing money to posting a profit of $32 million, excluding charges. He earned his Bachelor of Technology in Electronics Engineering from IIT BHU Varanasi. I didnt want to give up my dream. "So I asked my wife what she thought of investing our life savings on the startup," he said. Security News Zscaler CEO Jay Chaudhry's 10 Boldest Remarks From BoB Virtual Michael Novinson April 22, 2021, 10:10 AM EDT. "So many workloads are being launched into the cloud," Chaudhry said. Jeff Bezos Once Again The Worlds Richest Person After Rollercoaster Week, Larry Ellison And Elon Musk Are $5 Billion Richer This Week, As Stock Market Hits New Record High, Forbes 400 2020: These Billionaires Have Gotten The Richest Over The Past Year, Zscaler Booms Amid Remote Cybersecurity Demands, The Best Cloud Computing Companies To Work For In 2020 Based On Glassdoor. "My number one focus as CEO is to keep hiring exceptional people," he said. "WhatMarc did was to start with a clean slate to build a system designed for the cloud,"Chaudhry said. Do you see any big differences between the second-generation Indian American entrepreneurs and those like yourself who moved to the US as students and set up successful companies? We had two choices: give up the dream of a start-up or invest our own life savings. Bolt and client ABG bury the hatchet and become proud partners again. "I want to do the same.". VeriSignstock "went through the roof" during the dot-com era. "Jay Chaudhry, 62, of california-based enterprise cloud cyber security firm zscaler, made it to India top 10 for first time, on the back of accentuated demand for cyber security services caused. Guardicore, HubSpot, Zscaler, Domo, SAP, Slack, CloudBolt Software, OpsRamp, Fortinet, Zoho, Skykick, and New Relic are the most likely to be recommended by their employees to friends looking for a cloud computing company to work for in 2020. He lives in Miami, Florida. Born to a small-scale farmer in Himachal Pradesh, he went on to found and sell four high-tech firms before starting his fifth, Zscaler, a cyber-security . Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. MR Rangaswami, founder of the global Indian leaders community Indiaspora and a friend of Chaudhry, told Wknd: I think culture and values play a big role in Jays success. His hometown, a village in the Himalayas in India, did not have electricity or running water until he was in the 8th and 10th grade, respectively. Chaudhry's inspiration for Zscaler came from cloud computing pioneer Marc Benioff, chairman, CEO and founder of Salesforce.com (CRM). In a media interaction with Business Standard, Jay said. And Zscaler is now a digital security giant worth more than $24 billion. Chaudhry was born in Panoh, a village in HP on the borders with Punjab and Haryana. "Malicious actors are moving faster than ever," Chaudhry said in his opening keynote to Zenith 21 Live. Privacy Policy & Terms of Use. CEO Jay Chaudhry was born in a town without running water or electricity and is now worth $12 billion. Zscalers initial public offering was in March 2018. Chaudhry founded SecureIT in 1996. The corporate network cannot protect end users who consume cloud applications from any location and any device without the contorting, expensive, backhaul of traffic through the corporate data center. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Pre-book your ride to and from the airport . Jays plane ticket was sponsored by the Tata Group, an Indian multinational conglomerate. According to the Hurun India-IIFL Wealth rich list published on Thursday, the top ten list has four new faces, led by steel tycoon Lakshmi Mittal of ArcelorMittal, Kumar Mangalam Birla of the Aditya Birla Group, along with California based Jay Chaudhry of cloud computing and cyber security firm Zscaler. (You can think of a CNSP like a modern-day AI/ML-driven version of the firewall; large enterprises approach Zscaler for help with ensuring that their machines, people and processes can access the internet more safely.). She supported the idea. View Ejaz "JAY" Chaudhry's professional profile on LinkedIn. This is an edited excerpt of serialized memoir SMIRK, describing journalist Christie Smythes relationship with the notorious former drug CEO, who was recently released from prison. The emphasis on education combined with jugaad (frugal innovation) taught us how to innovate in difficult circumstances. Zscaler was founded and incorporated in 2007 and has approximately 1,600 employees worldwide (as of December 2019). My success so far has mainly been because I have very little attachment for money," Chaudhry said in 2019. The approach seems to be working. [6], In 1997, Chaudhry founded SecureIT (acquired by Verisign) and CipherTrust (acquired by Secure Computing Corporation). Jay Chaudhry, the CEO of the $29 billion cybersecurity company Zscaler, is betting that a business world beaten up by high-profile cyberattacks is finally ready for an entirely cloud-based approach to security. Member's Email: Jay.Chaudhuri@ncleg.gov . He also picked up the importance of honesty, integrity, and hard work from his parents, who were poor farmers.
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