Monday, December 16, 2013

Anurag Dikshit

Anurag Dikshit (/ˈdɪksɪt/; born 1973, in Dhanbad Jharkhand), is an Indian businessman.[1] Anurag has given away the vast majority of his wealth through his charitable organisation The Kusuma Trust.[2] He sold off the remainder of his stake in PartyGaming in January 2010,[3] after selling 23% of his stake in the company's Initial Public Offering, and a further two thirds of the remainder, in October 2009.[4]
Born in Dhanbad, Jharkhand, Dikshit graduated with a Bachelor of Technology degree in Computer Science and Engineering from Indian Institute of Technology Delhi in 1994. He completed schooling at De Nobili School, FRI. Following graduation, Dikshit worked as a software developer in the United States at CMC, as a systems analyst for Websci and later as a consultant forAT&T


At age 26, Dikshit was asked by Partygaming founder[6] American Ruth Parasol to write the company’s betting software. His programme enabled gamblers around the world to play one another in poker. After seeing Anurag’s impressive skills with programming firsthand, he was given a large number of shares in the company to continue working with PartyGaming.
In 2000, Dikshit hired a friend from his alma materVikrant Bhargava, to begin working at PartyGaming with him and others. Party Poker was launched in August 2001, just prior to the pokerindustry as a whole enjoying a huge resurgence in popularity in America. As television programs, new books and celebrities got involved with poker, online poker skyrocketed in popularity. Dikshit's platform, which allowed 20,000 simultaneous users, proved inadequate and new technology was adopted allowing 70,000 simultaneous users.
In May 2006 Dikshit stepped down from PartyGaming's board of directors to develop new products as head of the company's research and special projects and left PartyGaming completely in November 2006.[7] As of December 2008 he still owned approximately 28% of the company's shares.[8]
Despite PartyGaming being one of the first online gaming companies to pull out of the US market, in December 2008, Dikshit agreed to cooperate with the U.S. Justice Department in an investigation of PartyGaming. Dikshit entered a guilty plea to one count of online gambling in violation of the Federal Wire Act and agreed to forfeit $300 million. "I came to believe there was a high probability it was in violation of U.S. laws", Dikshit told U.S. District Judge Jed S. Rakoff in New York, referring to PartyGaming’s activity. "I have taken full responsibility for my actions."[9] It was Anurag who initiated the process with US Department of Justice,[10] even though the Department of Justice had not opened a case against him. Dikshit no longer personally owns any shares in PartyGaming, the proceeds of the share sales completed in January 2010 [11] having been donated to the Kusuma Trust.

2007 – The Kusuma Trust[edit]

Anurag now lives in Gibraltar where he runs The Kusuma Trust (Gibraltar),[12] a charitable trust which was founded by Anurag and his wife. The trust was set up in early 2007 in order to structure their previously unorganised charitable efforts to achieve higher impact. The Trust is a registered charity in Gibraltar [Registration Number: 196] and is as such subject to the control of the Gibraltar Charities Commission. The Kusuma Trust (Gibraltar) provides financial backing to a broad range of pioneering humanitarian [13] and educational projects [14] primarily in Gibraltar and India. In 2007, Dikshit formed Next Education India Pvt Ltd with his colleagues of Party Gaming, investing 80% (300 CR) to transform education in India.

1 comment:

  1. Well, in this professional biography you have really very well explained about your accomplishments and achievements and that's why this biography is so impressive but I think it's a little short and you should explain some other things of your life in detail.