One, there is no city called Bombay. But you probably didn't ace geography in high school or university, did you?

Second, 40 percent of the Silicon Valley (have you heard about the place) companies are started by Asians. If they waited to be promoted to CEO, they would never get there. The only way for them to be business leaders is to start their own company. 

Vinod Khosla, the co-founder of Sun Microsystems, was told by his white banker that they couldn't lend him moneyfor his startup because he didn't have the "right management". So he raised money from friends and family and became a billionaire.