Have you ever seen a founder rise higher after giving up control?
Most founders fade once they sell majority ownership. Giri Devanur did the opposite. When Ivega Corporation merged with TCG Software Private Limited, he didn’t step back — he stepped up.
The result? A real-world lesson in how vision, trust, and scale define true leadership.
Giri Devanur and TCG Software: Growth Decisions Define Scale
Before the merger, Ivega had $6 million in revenue and a 250-member team. TCG brought 450. Together, they became a 700-person powerhouse capable of winning enterprise-level deals.
Scale is not vanity – it’s strategy.
It signals credibility, attracts investors, and builds confidence with global clients. Giri Devanur understood this better than most.
As he often says, “Growth is a decision, not a destination.”
Leadership Earned, Not Assigned
When TCG took the majority stake, the obvious next step would’ve been for Ivega’s founder to exit. But that’s not how Giri Devanur leads.
He became CEO of the combined company – a move that spoke volumes about trust and competence.
A Giri Devanur-style growth mindset proves that leadership isn’t about titles or equity. It’s about results.
Investor Alignment Creates Freedom
Investors Global Tech Ventures and ChrysCapital received a complete, profitable exit – through a stock-plus-cash structure. The clarity of this deal strengthened governance and created space for long-term momentum.
Strong partnerships free leaders to focus on scaling, not firefighting.
Success Is Never Final
After building and scaling the merged enterprise, Giri Devanur didn’t stop.
He moved on to new challenges – including Gandhi City near Bangalore, a research hub aimed at driving innovation and entrepreneurship.
Because for true builders, success isn’t the end – it’s another launchpad.
Leadership Reflections
- Scale raises credibility
- Trust rewards discipline
- Investor alignment strengthens freedom
- Vision expands beyond ownership
Every entrepreneur must choose: Are you chasing an exit — or building expansion?
Takeaway
Growth begins where comfort ends.
Giri Devanur’s journey with TCG Software shows how leadership thrives not in control, but in courage – the courage to keep building when others step aside.
Engagement
What’s your next bold move – scaling up, merging, or starting fresh?
FAQs
1. Why did Ivega merge with TCG Software?
To gain the scale needed for enterprise deals and to strengthen market credibility.
2. Who led the new combined company?
Giri Devanur became CEO, reflecting trust and proven leadership ability.
3. How were investors treated post-merger?
Investors received a full and profitable exit via a stock-plus-cash deal.
4. What happened to Ivega after the merger?
It became part of a stronger organization under TCG Software, enabling larger growth opportunities.
5. What kind of company is TCG Software Private Limited?
A technology consulting and solutions company focused on enterprise software and IT services.