Directi's Divyank Turakhia: The Makings of a Multi-Millionaire

Directi logoDirecti’s Divyank Turakhia earned his first million dollars at the age of 18 and went on to build a company valued at $300 million. Ron Jackson’s Domain Name Journal cover story for September looks into Turakhia and finds out what was it that made him.
In the domain name area, Turakhia owns the well-known monetisation company Skenzo. However his involvement in domain names started at the age of 16 when he and his brother co-founded Directi and borrowed $600 from their parents.
“With this we started our first product line. We started a business unit that sells hosting packages directly to end customers. The idea was that everyone is eventually going to require a domain name and a web hosting package. It was the most obvious volume based product that everyone would need.”
Turakhia also took advantage of the end of Network Solution’s monopoly and became a reseller for Tucows. Turakhia points out to Jackson that Tucows is now worth around $36 million while Directi’s value exceeds $300 million.
“Domain names were the entry point to sell all web services – web hosting, dedicated servers, digital certificates, payment gateway solutions etc.,” Turakhia said. “We made a substantial amount of money by selling domains at a low cost, which allowed us to fund our own ICANN accredited registrar. Being ICANN accredited is the logical growth step for any large web services company that sells domains or hosting packages.”
To read Ron Jackson’s profile in full of Divyank Turakhia in his Domain Name Journal, see dnjournal.com/cover/2008/september.htm.