April TieMN event "My Story Session" - Featuring Amit Gupta

In 2006 quoted Manmohan Singh who quoted Victor Hugo in his 1991 parliament address “No power on Earth can stop an idea whose time has come”The emergence of India as a major global power is an idea whose time has come. Over the past 15 years, India has been the second fastest-growing country in the world—after China —averaging above 6 percent growth per year. This over 1.2 billion strong market opens up many new opportunities for the U.S entrepreneur.

Dear Friends of TiE Minnesota,

For our upcoming event on April 20th, we are pleased to announce TiE Minnesota’s first ever “My Story Session” featuring Amit Gupta, chairman of TAB India and CEO of Amsum & Ash.  Amit was recently featured in the Star Tribune article “Turning the stones of India into loads of cold, hard cash.” The article describes the story of how as an enterprising lad of just 22, Gupta started with an idea to create a trading company to sell products from his native India in the United States and how Nine years later, that idea has turned into a Technicolor reality -- a $45 million business commanded from a small office in Fridley.  Don’t miss this unique opportunity to learn first hand how this charismatic entrepreneur, through incessant determination and the right strategy, has made the seemingly impossible possible!

Excerpt form Star Tribune Article (February 22nd, 2006):

Gupta, now 32, is co-founder and chairman of TAB India, a Jaipur-based quarrier, processor and marketer of granite, marble, slate and sandstone sold around the world.

It's a sprawling operation that owns 14 quarries, leases 20 others and has built seven stone-processing plants in India, including a $10 million granite plant that turns out a million square feet of product a month. TAB sales reached $35 million in 2005.

Of more import to local small-business fans, he's also the CEO of Fridley-based Amsum & Ash Inc., TAB's U.S. sales and service arm. It's a rapidly growing operation with 2005 revenue of $8 million and 100,000 square feet of warehouse space in four U.S. cities, half of it in a sprawling headquarters facility in Fridley.

Oh yes, there's also a new Brazilian trading company patterned after the U.S. business that contributed a couple million bucks to 2005 revenue. (For the full article please CLICK HERE.)


  • Company: TAB India
  • Executives: Amit Gupta, chairmanof TAB India and CEO of Amsum & Ash; brother Sumit Gupta, presidentand managing director of TAB India.
  • Employees: 1,125 at TAB India, 75at Amsum & Ash.
  • Revenue (2005): $45 Million
Quote: "I make the promises and Sumit keeps them." -- Amit Gupta, talking about how he and his brother complement each other, he as the salesman and Sumit Gupta as the production manager who fills the orders.
  • When: Thursday, April 20th, 2006 6:30pm

  • Where: Radisson Roseville (2540 North Cleveland Ave., Roseville 55113)

Registration: (include dinner)
Member Registration: $10.00
Non-Member: $15.00

Please use the form below to register. If you experience technical difficulties, you can pay at the door as well.

Kind Regards,
TiE Minnesota Executive Committee



TiE is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs by way of advice, guidance and assistance from successful & experienced entrepreneurs and professionals.

Our greatest strength is our network through 42 chapters across 9 countries that consists of many participants in the entrepreneurial ecosystem – successful & experienced as well as budding entrepreneurs, venture capital firms, angel investors, service providers, etc. We make continuous efforts to interconnect this network in a way that allows us to deliver real value to all our constituents.

What does TiE stand for?

TiE stands for "The Indus Entrepreneurs", reflecting the South Asian background of the individuals who chartered the organization in 1992. Over time, TiE has come to represent "Talent, ideas and Enterprise" or 'The Innovative Ecosystems' through its activities and influences.

How and when was TiE started?

The concept of TiE was born at the end of 1992 at a lunch meeting of Silicon Valley entrepreneurs and professionals. The idea originated with the objective of sharing and giving back to society. Initially this small group of individuals launched monthly activities, which, in turn, attracted more members. By 1994, TiE had become a formal organization with a larger group of members and participants. TiE remains a unique volunteer driven organization, with the single-minded focus on its objective.

What is the mission and objective of TiE?

TiE's mission is to foster and advance entrepreneurship across the globe. Its principle objective is to provide a platform on which people with entrepreneurial spirit and those interested in economic value creation can come together to share ideas. TiE endeavors to cultivate and nurture the ecosystems of entrepreneurship and free-market economics everywhere, as it sees this to be the single most powerful instrument of prosperity.

Does TiE have any religious or political objectives?

No! TiE does not engage in political or religious activities or any matters that may create divisiveness among people.

Name Sales End Price
Member Pre-Registration Ended $10
Non-Member Pre-registration Ended $15
TiE Minnesota Annual Associate Membership Ended $100

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