No less feted was Mr Raju.
He became the 2007 Ernst & Young Entrepreneur of the Year.
Earlier recipients of the award had included heavyweights such as Mukesh Ambani, Kumar Mangalam Birla, Sunil Mittal and NR Narayana Murthy.
In fact, Mr Raju went on to represent India at the global edition of the award at Monte Carlo.
For three days, he rubbed shoulders with the best from the world of business, though he failed to bag the final honour.
(The only Indian to have won at Monte Carlo is Mr Narayana Murthy.)