# Prem Chand

> Prem Chand founded Milestone Technologies in 1997 and led it as CEO until 2017, building an IT services business that grew to more than 2,000 employees in 18 countries under his leadership. He founded Growth Factors in 2018 to invest in established businesses and help them scale. A 2025 Packiyo announcement also identifies him as its CEO. His career began with farm work in Northern California and accounting and operations in transportation.

- **Role:** Founder and CEO at Growth Factors; CEO at Packiyo (identified in 2025 announcements)
- **Organizations:** Milestone Technologies, Inc., Growth Factors, LLC, Packiyo, Three Bird Nest
- **From:** Yuba City, United States
- **Education:** Condie College, San Jose
- **Known for:** Built Milestone to more than 2,000 employees in 18 countries serving over 200 clients under his leadership., North State Innovation Awards Entrepreneur of the Year, 2012., EY Entrepreneur Of The Year Northern California semifinalist, 2012 and 2013.

## Career timeline

- **1987** — Began accounting work for a transportation company, subsequently taking controller, partner and CFO roles.
- **1997** — Founded Milestone Technologies with four employees to address IT relocation needs.
- **2012** — Milestone opened a Chico resolution center; Chand received the North State Innovation Awards Entrepreneur of the Year honor.
- **2013** — Named an EY Entrepreneur Of The Year Northern California semifinalist; Milestone recruited for 230 Chico jobs.
- **2017-08** — Concluded his 20-year CEO tenure at Milestone; Nelson Eng was named president and CEO.
- **2018-02** — Started Growth Factors.
- **2018** — Growth Factors acquired a majority stake in Three Bird Nest in early summer and publicly launched in October.
- **2018-10-17** — Spoke on business growth at Chico State’s Center for Entrepreneurship.
- **2025-01** — Welcomed Scott Burger as CEO of Growth Factors portfolio company Three Bird Nest.
- **2025-05** — Packiyo founder Tommy Bjørbæk publicly announced that Chand would join as CEO.
- **2025-11** — Identified as Packiyo CEO in the company’s announcement of Devan Avery as Director of Sales and Marketing.

## Achievements

- Built Milestone to more than 2,000 employees in 18 countries serving over 200 clients under his leadership.
- North State Innovation Awards Entrepreneur of the Year, 2012.
- EY Entrepreneur Of The Year Northern California semifinalist, 2012 and 2013.
- Founded Growth Factors, which launched publicly in October 2018 with three investments.

## Latest updates

- **2025-11** — Packiyo’s announcement of Devan Avery as Director of Sales and Marketing identified Chand as CEO.
- **2025-05** — Tommy Bjørbæk announced Chand would join Packiyo as CEO.
- **2025-01** — As Growth Factors founder and CEO, Chand commented on Scott Burger’s appointment as Three Bird Nest CEO.

## Links

- Website: https://growthfactors.co/
- LinkedIn: https://www.linkedin.com/in/premchand1/

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Profile page: https://yespress.io/prem-chand
Published by YesPress — https://yespress.io
Last updated: 2026-10-20