Rahul on the lookout for a CEO

Mumbai-based start-up BPO venture has revenues just below $100,000.

With politics taking up all his time, Rahul Gandhi is on the lookout for a CEO to run his start-up BPO venture, Backops Services Private Ltd.

"We are searching for a CEO, though I hold periodic meetings with the employees and look at the larger issues," Gandhi told Business Standard today.

Breaking his silence on his business venture, Gandhi said Backops was a call centre-like operation providing engineering detail and structural planning services to large overseas civil engineering firms.

"It is a start-up that employs just eight people. I can't talk about Backops' exact revenue at this point of time, but it is in the sub-$100,000 region," Gandhi said.

Backops currently has three overseas clients that have outsourced detailing and technical analysis work to the company. "There is nothing mysterious about the firm and I am open to talking about it through proper channels," Gandhi added.

Backops, based in Mumbai, was incorporated in Delhi on May 28, 2002, with Gandhi and family friend Manoj Muttu as the two directors. The company is yet to file its income statement with the Registrar of Companies in Delhi.

According to the Companies Act, firms have to file their balance sheets within 15 months of incorporation, failing which they become liable for prosecution.

"It (the income statement) has not been filed yet because Backops did not have any revenues for the first year of operations. But we will file our income statement soon," Gandhi said.

Backops has an authorised share capital of Rs 25 lakh divided into 25,000 equity shares of Rs 100 each. Gandhi is the largest shareholder with 2,500 shares, while Muttu holds 250.

Besides the two, Anil Thakur and Ranvir Sinha, both residents of Delhi, hold 150 and 100 shares, respectively. Of the 25,000 authorised shares, 3,000 have been subscribed to.

In its application to the Registrar of Companies, Backops' stated business objectives are to provide back-office and advisory support to domestic and international clients across industry segments; to act as a consultant, adviser and representative in the field of information technology, legal, commercial and business management, R&D and computer analysis; and to provide and market products and services, web solutions and set up websites for e-commerce.

The company he owns

• Backops has an authorised share capital of Rs 25 lakh divided into 25,000 equity shares of Rs 100 each
• Rahul Gandhi is the largest shareholder in the company with 2,500 equity shares, while family friend Manoj Muttu holds 250
• Backops provides engineering detail and structural planning services for large overseas civil engineering firms