Indian Businessman, who is worth 1.7 billion, Anand Mahindra, has got an idea out of the ongoing Facebook controversy. The daily headlines at the international level pertaining to the Facebook-Cambridge Analytica Scandal has left many common stunned. Now the matter has gone political and various rights group at both national as well as international level along with common people are taking the matter very seriously. The issue is related to the privacy and safety of personal data in India, particularly.  So for Mr Mahindra, the solution lies in creating an alternative social media platform. He shared his plans over Twitter to muse the need of such an alternative of building social media platform.

“Beginning to wonder if it’s time to consider having our own social networking company that is very widely owned professionally managed willingly regulated. Any relevant Indian start-ups out there? If any young teams have such plans I’d like to see if I can assist with seed capital (sic),” The 62-year-old Chairman of the Mahindra Group, famous for its SUVs and software solutions, said on in a twitter post on Monday.

Along with the tweet, he also attached the cover of the latest The Economist magazine over the Facebook fiasco.

One may think that for the first time such an idea was mooted by Mr Mahindra. Just last month, when the controversy of Nirav Modi scandal was at its peak, the businessman had aired an idea about crowd funding for an iconic building in Mumbai and convert it into a music hub. The building he talked about was acquired by the fugitive jeweler.

The idea to revive the building is gaining momentum which is known as Rhythm House.

If the plans set by Mr. Mahindra are going to become reality, then there is a strong possibility that he may be able to that. The Mahindra group is already into the list of top five software importers from India. In IT sector, it has its own arm known as Tech Mahindra. The company reported strong financials in the last quarter with a 10.2 percent rise in the third-quarter net profit in January this year. The numbers for Net profit are 943 crore, an increase from Rs. 856 crore a year ago.

Most recently, the Facebook Company was caught in a scandal that led to the tendering of apology by Facebook Chief, Mark Zuckerberg. He apologized publicly for the misdeed that helped the UK based firm Cambridge Analytica acquires data of millions of Indians. The data is of privacy level, for which the company Facebook guarantees to protect. The company Cambridge Analytica, is a data analytics firm that offers its services to political parties around the group. The company used data of Facebook users for the data analytical purpose illegally.

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