Founder says he left India for Dubai over systemic failure: 'I earn 100 times more, family is safe'- Moneycontrol.com

Soumendra Jena, founder of Dubai-based QubeSys, says he left India in 2021 because “the system no longer made sense” and that the move has transformed both his earnings and his sense of security. In a post on X reacting to a report about a 27‑year‑old founder relocating from Bengaluru, Jena — who says he has over 18 years of experience across tech, telecom and finance — wrote that he now “earn[s] 100 times more” than in India while keeping his family safe.

"I left India in 2021 because the system no longer made sense, it works only for those who can fund political parties," Jena wrote on X. "You cannot run an ethical business there; the consumer pricing act is a joke. Anyone can shift the needle overnight, and your crores of investment can drop to zero ROI."

Context and details

Jena’s remarks, first reported by Moneycontrol and published by Ankita Sengupta on June 2, 2026, came amid a broader online debate about founders and professionals relocating to Gulf hubs such as Dubai. He framed his departure as a response to systemic pressures in India, including regulatory unpredictability and what he described as a business environment that favours politically connected capital.

• Experience and background: Jena identifies more than 18 years across technology, telecom and finance and now operates from Dubai as an entrepreneur and investor.
• Regulatory concerns: He singled out the consumer pricing act as problematic and warned that sudden regulatory shifts can erase significant investments, saying “your crores of investment can drop to zero ROI.”
• Financial impact: Jena claimed a dramatic improvement in personal earnings after relocating: “Now I earn 100 times more than I did in India while keeping my family safe.”

Reactions on social media

Jena’s post drew mixed but largely supportive responses on X. Several users echoed concerns about ease of doing business in India and the risks founders face. Comments highlighted structural friction and alleged informal funding practices linked to politics.

• Supportive response: “Most of us are happy for you, it's best that you have got opportunity to move out to place where your hard work is encouraged,” one user wrote.
• Systemic critique: Another user said, “Too high a risk, too high a barrier in terms of ease of doing business. Too outdated a system with no intention of improving it.”
• Allegations of political funding models: A comment referenced “chandha dhandha,” suggesting politically linked fundraising dominates in some cases.

Outlook

Jena’s comments add to an ongoing conversation about migration of Indian founders to hubs like Dubai, driven by factors such as tax regimes, regulatory clarity and access to global markets. His experience underscores the tensions many entrepreneurs cite when weighing where to base operations: regulatory certainty and personal security versus ties to home markets. Whether such individual departures will prompt policy responses or broader shifts in investor sentiment remains part of a larger national debate on ease of doing business and startup sustainability.