Sirjang Lal Tandon also known as "Jugi" Tandon, was born in India in 1942. He is chairman and CEO of Celetronix, Inc. He is known for leading his company, Tandom Corp. in the disk drive industry, creating a double sided floppy drive.

Education & early work

In 1960, he moved to the United States with $3,000 in pocket, earning a master's degree in mechanical engineering at Kansas State University

Kansas State University

Kansas State University, commonly shortened to K-State, is an institution of higher learning located in Manhattan, Kansas, in the United States...

 and a master's degree in business administration at the University of Santa Clara.

He worked as an engineer from 1970 to mid 1975 at IBM

IBM

International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...

 & Memorex

Memorex

Memorex began as a computer tape producer and expanded to become a major IBM plug compatible peripheral supplier. It is now a consumer electronics brand of Imation specializing in disk recordable media for CD and DVD drives, flash memory, computer accessories and other electronics.Established in...

. In late 1975, he left IBM for Pertec Inc. in Chatsworth, but ended up not being there for long either. In the same year, he started Tandon Corporation

Tandon Corporation

Tandon Corporation was a disk drive and PC manufacturer founded in the mid-1970s by "Jugi" Tandon. The company's original purpose was to provide magnetic read-write heads for the then-burgeoning floppy-drive market. Due to the labor-intensive nature of the product, production was carried out in...

 in his own Chatsworth garage with a $7,000 investment.

Work in disk-drive industry

He was the inventor of the double-sided floppy

Floppy disk

A floppy disk is a disk storage medium composed of a disk of thin and flexible magnetic storage medium, sealed in a rectangular plastic carrier lined with fabric that removes dust particles...

 drive used by IBM in it's IBM PC, and he was working as OEM manufacturer for Xerox, Tandem, and Prime Computer. In late 1982, Tandon Corporation was at the top of the disk-drive industry, and his company was named Forbes magazine's "Up and Comer of the Year". The $150-million value of his stock placed "Jugi", at age 41, on the Forbes list of the 400 richest Americans. With this wealth, he built a 30-room home on 20 acres in Chatsworth.

In 1986, looking for a place to build a larger assembly firm, he settled the Voyager division in Thousand Oaks, near the firm of Daniel R. Carter, president of Cordata. This allowed Tandon Corporation to build 4,000 PC's per month. After that, he moved to Moorpark,CA.

Financials of Tandon Corporation

In 1987, Tandon Corp. made $23.5 million profit, and the next year had $24.2 million in losses. One year later, it recovered with $25.4 million in profit. Tandon Corp.'s shares and stock options passed from $35.00 in 1983 to $4.50 in 1990. In 1991, the company sold about 78% of its gear in Europe. The following year Tandon Corp. worked on selling their new line of slim-line "modular computers", Tandon SL, to Sam's Club, a chain of 220 office-supplies warehouse owned by Wal-Mart Stores Inc. In early 1993, Tandon Computer Corp. changed to TSL Holdings Inc., and in September, Tandon Corp. owed over $70M and filed for Chapter 11 Bankruptcy. In 1996, Sirjang created JTS, Jugi Tandon Storage, back in Chatsworth, CA.