The Ledger

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Assertion Partly supported
Indian ITI graduates earn ₹10,000 compared to S$34,000 in Singapore
“Even today, an ITI student graduates and gets paid 10,000 rupees, mostly in cash. The equivalent of ITI in Singapore is called ITE. When a IT person graduates from IT after the same two years of vocational training, the starting salary is 34,000 Singapore doll…”
Subroto Bagchi Sep 26, 2025 ▶ 47:49 Stories from India’s heartland that tell Different story than GDP headlines |Subroto Bagchi,Mindtree
Disclosure
Gulati: ITI Fund caps portfolio company equity ownership at 20%
“So, you know, I would say typically we straddle between 10 to 18% at max. I would not want to be on owning more than 20% of any company at all.”
Mohit Gulati Mar 29, 2020 ▶ 19:02 Mohit Gulati, ITI Fund on why Hyper-investment is not a sure shot success for startups?
Disclosure
Gulati: ITI Fund always enters as the first institutional investor
“First institutional investor, always. That's our style. Wherever we come in, we are definitely the first institutional investor on board.”
Mohit Gulati Mar 29, 2020 ▶ 19:30 Mohit Gulati, ITI Fund on why Hyper-investment is not a sure shot success for startups?
Disclosure
Gulati: ITI Fund writes checks between $100K and $600K
“So from the fund, we do a minimum ticket size of a 100,000 dollars and take it up to about 600,000 dollars.”
Mohit Gulati Mar 29, 2020 ▶ 17:28 Mohit Gulati, ITI Fund on why Hyper-investment is not a sure shot success for startups?
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