India, Sept. 9 -- The former chairman of Microsoft India has recalled an incident where he defeated Bill Gates in an argument and got a priceless memoir in the bargain. Ravi Venkatesan served as the chairman of Microsoft India between 2004 and 2011 - quitting at the peak of his corporate career and shifting gears to social entrepreneurship.

In a podcast with Shrishti Sahu, Venkatesan revealed how he once won an argument against Microsoft founder Bill Gates, and how Gates gave him a signed $1 bill to remember the moment.

The incident took place in 2006 or 2007, when Bill Gates and his then-wife Melinda were on a trip to India. "Bill had landed in Delhi quite early and by the time we boarded his plane to go to Chennai, he was already quit...