Ajay Harinath Singh Greatest Brand Leader 2018-2019

TM
powerful
Damodar Rao
Gummadapu
Leveraging Trust for Long-term Success
Damodar Rao Gummadapu is the Co-founder and Chairman
of Techwave, a US-based global software solutions company
headquartered in Exton. He is renowned for his exceptional leadership
qualities and management skills. The bold and proactive leader has
been playing a dominant role in making Techwave a smashing success
He believes in embracing employee
autonomy. and offers adequate freedom
to his employees so that they can work
in a way that they feel is best for them.
He idolizes former Chairman & CEO of
GE Mr. Jack Welch, and adheres to the
three principles of success advocated
by him – keep your employees engaged,
satisfy your customers, and maintain
the cash flow.
He recognizes that all successful
businesses are based on trust; therefore,
he takes all possible measures to boost
trust in his business relationships. Rather
than acting as another service provider,
he assists his clients like a true partner
to support their growth. His consistent
efforts at building the business have
made Techwave the most-preferred IT
solutions partner of numerous blue-chip
companies.
through empowerment. He aims at
empowering women by providing them
with employment in the IT industry.
His ceaseless efforts have placed
Techwave amongst the top global software
solutions firms. The Philadelphia
Business Journal has placed Techwave
amongst the top 10 fastest growing
companies in the region. Similarly,
India’s prestigious English daily, The
Hindu has published a special success
story on Techwave and Mr. Damodar.
armed with a Rich
Experience
Mr. Damodar has over 25 years of global
experience across different Fortune 500
companies, including big 5 consulting
companies, such as KPMG, Deloitte,
Bearing Point, Pfizer, and Johnson &
Johnson. Having worked as a Chartered
Accountant, as well as a Management
and Cost Accountant, he has gained
extensive professional experience, which
has helped him significantly to expand
Techwave globally to the Middle East,
Europe, South Africa, and APAC regions.
Being a tech-savvy entrepreneur, he
leverages his company’s technological
competence to provide top-notch
services to his clients.
An Ambitious Leader
He embarked on his career path
soon after completing Graduation in
Commerce and Chartered Accountancy.
He always dreamt of setting up a peopleoriented
organization for generating
employment for the masses.
It is his firm determination that has
helped him set up a successful global IT
services company that has been making
waves in the industry. Mr. Damodar
started Techwave as an SAP solutions
and services provider in 2004 with just
3 employees. Currently, this end-to-end
software services company has over 1500
employees at its global delivery center
in Hyderabad. What’s more, the U.S.
software solutions firm aims to grow its
revenue from approximately $75 million
to $100 million by 2019.
A Socially Responsible
Entrepreneur
Mr. Damodar is known for his great
passion for social activities. He is actively
involved in giving back to society. His
dedication towards fulfilling his social
responsibility inspires him to contribute
to Shankara Foundation, LV Prasad
Eye Hospital, and Vivekananda Seva
Sangham on a regular basis. He also
motivates his employees to participate
in charitable activities such as blood
donation, Go Green campaigns, tree
plantation activities (Haritaharam) eye
cancer awareness walk, save water run
(Blue Mile), and Pinkathon, India’s
biggest run for women wellness. Besides
this, he and his employees have also
donated funds for Kerala flood victims.
Furthermore, Mr. Damodar aspires
to take IT to his village for generating
employment at the village level. He also
seeks to safeguard the rights of women
“He started Techwave
as an SAP solutions
and services provider
in 2004 with just 3
employees. Currently, it
has 1500+ employees
at its global delivery
center in Hyderabad”
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