NetCarrots Loyalty Services
Employee Incentive and Reward
 
   Rising in the Face of Adversity
  Buffalo Business - Spring 2004. Actual Published Format
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This CEO didn't have an easy route to the top, but instead of letting his setbacks break his sprit, he learned from them and was made stronger by them.
After receiving his bachelor's of engineering in electronics and communication in 1987 from one of the oldest Engineering Institutes in Asia, University of Roorkee (now called the Indian Institute of Technology), Praphul Misra went to work for Uptron in India, first in marketing support and then in sales. His primary responsibility was to generate lead through cold calls and referrals. "If that wasn't tough enough for rookie engineer, I had to collect payments fro installed systems, as well," Misra says. That's when he decided to top off his education with an MBA.
Misra's "American Dream" began with washing dishes in the cafeteria of UB's Talbert Hall for minimum wage (plus food perks). Despite his determination to work his way up from the bottom, it was six months before he wrote his family to tell how he was supplementing his income, for fear that his father would call him home for taking on such menial work.
But it wasn't long before the up-and-coming student found work as student assistant in the Jacobs computer lab, where hands-on experience helping students and staff with their day-to-day problems was to give him an edge over competition in the years to come.
Misra graduated with his MBA in '91 when even U.S. students were having a hard time finding work, yet he used his networking skills to land position at M/A/R/C Inc., in Dallas, then the largest custom research company in the U.S. At M/A/R/C, he worked on brands such as Pizza Hut, Dell Computers and Hewlett-Packard in ad tracking and product development. "The work was stressful," says Misra, "but not as stressful at the pink slip that came 12 months later."
Although Misra says he would have benefited from an MBA course in 'managing failure," he could have been the instructor, judging from his subsequent course of action. After a few weeks of adjusting to the reality of the situation, Misra's first step was to reactive his professional support group. He got involved with the local chapter of the American Marketing Association, made customized versions of his resume for various industry verticals and optional functional roles and, in his words, "I networked like crazy!" He landed at Publicis/Bloom Advertising shortly thereafter.
He went on to become a junior partner at The WorldMark Group, Inc., also in Dallas, where he handled projects across categories, including Business Process Re-engineering, customer satisfaction, image and brand equity measurement and international research for Fortune 500 clients such as Microsoft, J.C. Penney, St. Paul Medical Center and ElectroCom Automation. In 1996 he went to work for Result: McCann, India's third-largest direct marketing agency. While there, he was instrumental in delivering Integrated Communication Solutions to key clients, spearheading new business efforts, establishing strategic alliances with vendors and leading a national team to provide strategic direction to the IT Plans at McCann-Erickson India.
In 2000, Misra joined NetCarrots Loyalty Services as CEO. NetCarrots is a specialty consulting company that design and manages customer relationship (loyalty) programs to help clients form profitable relationship with their customers. He is leading the company's consolidation and expansion initiatives in the Indian Loyalty services market. Having designed and driven some very successful loyalty programs in India and U.S., he strongly believes that just one corner of the Indian Loyalty canvas has been sketched, and is intent on painting the whole picture.
He lives in New Delhi with his wife, Sukanya (whom he met while at UB on the forerunner of the intranet, the IBM CMS system), their daughter, Manjari (9), son, Arjun (3), and dog, Scooby Doo. They enjoy traveling as a family and also like to indulge in a favorite Indian pastime of watching movies.
When asked about his five-year and ten-year plans, Misra is ready. "In five years, I see myself leading a global team of professionals helping keep client's customer smiling," he says. "In 10 years, I see a professor Misra, very much like my guru, Professor Arun Jain, sharing my experiences with students and practicing managers the world.