Two Indians, Gururaj Deshpande and Mukesh Chatter have been named in the top 10 list of entrepreneurs, by the Red Herring magazine. The magazine is a part of a San Francisco based company Red Herring Communications. This company also runs a website and TV show besides the magazine.

Mr Deshpande is the co-founder of Sycamore networks based in Massachusetts. His earlier ventures include Coral Networks which was acquired by Nortel. Another venture, Cascade communications was sold to Ascend communications for $3.7 billion, which was then taken over by Lucent Technologies.

Sycamore networks is into software based optical networking products which are critical in high speed data services for providing cost effective bandwidth.

Mr Chatter is the co-founder of Nexabit networks, also based in Massachusetts. He had founded neoRAM which was acquired by Lucent technologies for about $900 million. Nexabit is into developing Internet protocol based WAN (Wide area network) switching and routing equipment.

Mr Chatter has over 15 years experience in designing and developing networking and telecom equipment besides supercomputers and algorithms where he has applied for several patents. One of his major inventions is the scaleable switching architecture that goes into the switch and router technologies.