A New York-based CEO built a $45 million, or around Rs 430 crore, business in four years while paying himself only $40,000, roughly Rs 37 lakh. He said he avoided luxury purchases and stayed focused on his mission. After spending 12 years in his parents business, he urged young entrepreneurs to embrace patience, saying bigger ambitions require taking a slower, long-term approach.

Drawing a $40,000 salary while building a $45 million firm, a CEO recalled why he avoided luxury buys, including cars and watches.

A New York-based CEO built a $45 million, or around Rs 430 crore, business in four years while paying himself only $40,000, roughly Rs 37 lakh. He said he avoided luxury purchases…