From 65 Maxed-Out Credit Cards to a $400M IPO: The Unbelievable Journey of This Entrepreneur
- Who Is Ravinder Sajwan, the Man Behind the 65 Credit Card Debacle?
- How Did a $400 Million IPO Erase His Debt-Ridden Past?
- Why Isn’t Sajwan Officially a Billionaire?
- What’s Next for UltraGreen and Its Unconventional Leader?
- FAQs: The Sajwan Saga Unpacked
Ravinder Sajwan’s story is the ultimate rags-to-riches tale—a man who turned financial recklessness into a billion-dollar empire. From maxing out 65 credit cards in the 1990s to launching UltraGreen.ai’s $400 million IPO in Singapore, his journey is a masterclass in resilience, innovation, and sheer audacity. Today, his family’s fortune is valued at $1.2 billion, proving that sometimes, the riskiest bets pay off the most. Dive into the highs, lows, and game-changing pivots of this unconventional entrepreneur.
Who Is Ravinder Sajwan, the Man Behind the 65 Credit Card Debacle?
Ravinder Sajwan, now 64, started his entrepreneurial journey in the 1990s with more creativity than capital. Born in New Delhi, India, he embraced a controversial strategy: maxing out credit cards to fund his startups. "I didn’t have money," he admits bluntly. His tactic? Charge to the limit, apologize to the issuer, and repeat—65 times. While most WOULD see this as financial suicide, Sajwan saw it as survival. His early ventures included hardware startups and a stake in 5-Hour Energy, but it was his pivot to medtech that changed everything.
How Did a $400 Million IPO Erase His Debt-Ridden Past?
UltraGreen.ai’s IPO in Singapore wasn’t just a redemption arc—it was a seismic shift. The $400 million offering, the city-state’s largest non-real estate IPO in eight years, cemented Sajwan’s legacy. UltraGreen’s flagship product—a fluorescent dye paired with a portable camera—allows surgeons to monitor blood Flow in real time. With 85% market share in the U.S. despite price hikes, the company’s tech-distribution-software integration became a goldmine. "We stopped improvising and started dominating," Sajwan reflects.
Why Isn’t Sajwan Officially a Billionaire?
Technically, the billionaire tag belongs to his family. Through the Singapore-based Renew Group (where Sajwan is CEO), the Saul Trust—controlled by his sister Indu Rawat and her husband Mahipal Singh Rawat—holds a 60% stake in UltraGreen, worth $1.2 billion. Sajwan’s name is conspicuously absent from shareholder records, but his influence is undeniable. "It’s a family empire built on trust and shared vision," notes a Bloomberg analyst.
What’s Next for UltraGreen and Its Unconventional Leader?
With dominance in surgical imaging, UltraGreen is eyeing AI-driven diagnostics. Sajwan’s knack for reinvention—from hardware to energy drinks to medtech—suggests another pivot could be looming. "In my experience, complacency kills faster than competition," he says. As for those 65 credit cards? They’re framed in his office—a $400 million reminder that even the wildest gambles can pay off.
FAQs: The Sajwan Saga Unpacked
How did Ravinder Sajwan fund his early startups?
By maxing out 65 credit cards in the 1990s—a high-risk strategy he admits was born out of necessity, not genius.
What makes UltraGreen.ai’s technology unique?
Its real-time blood flow visualization system combines proprietary dyes with portable cameras, giving surgeons unprecedented intraoperative insights.
Why is Sajwan’s billionaire status "indirect"?
UltraGreen’s majority stake is held by the Saul Trust (controlled by his sister and brother-in-law), though he leads the company as Renew Group’s CEO.
