Great Indian Industrialists which are the icon of Indian Industries
India is in the second position of the biggest economic strength country in Asia. Only China has a better position than India in view of economic strength status in Asia. India’s economic strength is based on its fast-growing industries. Here is a list of India’s few great top Industrialist which are the icon of Indian Industries.
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Great Indian Industrialist
Mr.Mukesh Ambani – Reliance Industries
Great Indian Industrialist Mukesh Ambani was born on 19 April 1957. His father was famous industrialist Dhirubhai Ambani and his mother is Kokilaben Ambani. His younger brother is Anil Ambani, another well-known industrialist. He has two sisters – Nina Kothari and Deepti Salgaonkar.
During the 1970s, the entire Ambani family stayed at a modest apartment with a couple of bedrooms in Bhuleshwar, Mumbai. Later on, they shifted to Sea Wind in Colaba, a block of 14 flats, which were all owned by the Ambanis. This was where both the Ambani brothers lived along with their families.
Great Indian Industrialist Ambani is currently married to Nita Ambani. They have one daughter – Isha and two sons – Akash and Anant. They are currently staying at Antilla, which has 27 stories. The house is worth a billion dollars and is said to be the world’s costliest home.
Great Indian Industrialist Ambani was a student at the Hill Grange High School, which is located at Peddar Road. This was where he met Anand Jain, who would go on to become a close associate in the future. Ambani obtained a Bachelor of Engineering in chemical engineering from the Institute of Chemical Technology, Matunga, under the University of Bombay. After that, he attended Stanford University for an MBA program but did not complete his education over there as he wanted to join Reliance, which was then a small yet quickly growing enterprise.
It was in 1981 that Great Indian Industrialist Mukesh Ambani joined the family business. It was Dhirubhai Ambani who had started Reliance. Great Indian Industrialist Mukesh Ambani started the expansion of the company’s activities from just textiles to areas as diverse as polyester fibers, petroleum refining, and petrochemicals. Very soon, he moved on to oil and production and exploration of natural gas.
Later on, Great Indian Industrialist also started the Reliance Infocomm Limited, which was rebranded as Reliance Communications Limited. It focused primarily on communications and information technology programs. At present, Reliance Industries Limited also has the rights to the natural gas obtained in the Krishna-Godavari Basin. Ambani is also looking at expanding the 4G broadband wireless and retail services offered by Reliance with a view to becoming one of the top 50 companies in the world.
The petroleum refinery started by Ambani at Jamnagar can produce 660 thousand barrels of oil in a day.
Over his illustrious life, Great Indian Industrialist Ambani has received a number of awards. He received the Ernst & Young Entrepreneur of the Year award from Ernst & Young India in 2000. In 2010, he was awarded the Global Vision Award at The Awards Dinner by Asia Society.
In the same year, he was also conferred the Business Leader of the Year by NDTV India and Businessman of the Year by Financial Chronicle. The University of Pennsylvania bestowed on him the School of Engineering and Applied Science Dean’s Medal in 2010 and the Business Council for International Understanding gave him the Global Leadership Award in 2010.
The MS University of Baroda has also awarded him an honorary Doctor of Science degree in 2010. The Harvard Business Review has also ranked him the fifth best performing CEO of the world among the top 50 CEOs of the world. for more info …https://en.wikipedia.org/wiki/Mukesh_Ambani
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Great Indian Industrialist
Mr. Anil Ambani -Anil Dhirubhai Ambani Group (ADAG)
In 1983, Great Indian Industrialist Anil Ambani joined Reliance, a conglomerate company founded by his late father, as the Co-Chief Executive Officer. He has also pioneered in initiating many financial innovations in the Indian capital market, some of which were leading India’s first forays into overseas capital markets with international public offerings of global depository receipts, convertibles, and bonds.
Great Indian Industrialist Under his leadership Reliance has been raising around US$2 billion from the overseas financial markets, since 1991. The 100-year Yankee bond was launched under his leadership. The two Ambani brothers took Reliance Group to great heights and due to their effort and intelligence, it enjoys its current status as India’s leading textiles, petroleum, petrochemicals, power, and telecommunication company. Anil Ambani was also elected as the Independent Member of the Rajya Sabha- Upper Sabha, Parliament of India with the support of the Samajwadi Party, on June 2004.
Great Indian Industrialist has been linked with several Bollywood personalities like Amitabh Bachchan and Subrata Roy who are close friends. His major achievement in the entertainment industry has been the takeover of Adlabs. Though his professional life leaves him almost no time to rejuvenate, Great Indian Industrialist makes a point to stay fit, physically and mentally. He’s an active participant in various marathons. Great Indian Industrialist Anil is a vegetarian and abstains from alcohol. Great Indian Industrialist wakes up early and goes for a run every day.
Personal Background of Anil Ambani
Great Indian Industrialist is the younger son of Dhirubhai Ambani and Kokilaben. He has an elder brother, Mukesh Ambani and two sisters, Nina Kothari and Deepti Salgaonkar. His father, Dhirubhai Ambani was an Indian Business magnate and entrepreneur who founded Reliance industries, petrochemicals, communications, power and textiles, a conglomerate company.
The environment in which he had spent his childhood was that of a stereotypical Indian joint family. Even though he is well educated, he had been brought up to pay more attention to non-academical activities, rather on academical ones, by his father. By the time Anil grew up into an adult, his father had set up the first office of Reliance Commercial Cooperation and Reliance Textiles.
Early in the 1970’great Indian Industrialist, the Ambani family lived in a two bedroom apartment in Bhuleshwar, Mumbai. Later, Great Indian Industrialist Dhirubhai Ambani purchased a 14-floor apartment in Colaba, for the family, where until recently, the two Ambani brothers lived with their families on separate floors.
Great Indian Industrialist Anil Ambani is a highly educated billionaire, unlike many billionaires around the world who are dropouts. His educational qualifications are excellent. He pursued his Bachelor’s degree in Science from the University of Mumbai and later went up to the USA for his Masters in Business Administration at The Wharton School, University of Pennsylvania.
Great Indian Industrialist Anil Ambani is married to Indian Bollywood Actress, Tina Munim and has two sons, Anmol and Anshul. Tina Ambani, the wife of this powerful scion of Corporate India, is also the Managing Director of Reliance Industries. She has worked in the film industry for about 10 years.
Awards and Achievements won by Anil Ambani
Great Indian Industrialist Anil Ambani, is the Chairman of Anil Dhirubhai Ambani Group, with a net worth of US $ 12.5 billion. He was voted the 3rd most powerful person in India in 2009 (March) India Today Power List.
Great Indian Industrialist has a long list of awards, laurels, and recognition. Anil Ambani has been constantly grabbing headlines almost every day due to his activities or achievements.
- In 2006, he was voted as the Businessman of the Year in Times of India poll.
- Earlier in 2004, he was adjudged as the CEO of the year at the Platts Global Energy Awards.
- Not only is he a well-known personality in the corporate world, he’s equally famous among the youth as well, which is evident from, him being voted the “MTV Youth Icon of the Year” for the year 2003.
Reliance Group – Company Profile
- The Reliance Group is among India’s top three private sector business houses on all major financial parameters, with a market capitalization of Rs.325,000 crores (US$ 81 billion), net assets in excess of Rs.115,000 crores (US$ 29 billion), and net worth to the tune of Rs.55,000 crores (US$ 14 billion). Across different countries, the group has a customer base of over 100 million, the largest in India, and a shareholder base of over 12 million, among the largest in the world. Through its products and services, the Reliance Group touches the lives of 1 in 10 Indians every single day. It has a business presence that extends to over 20000 towns and 4.5 lakh villages in India, and 5 continents across the world. The interests of the Group range from communications (Reliance Communications) and financial services (Reliance Capital Ltd), to generation, transmission and distribution of power (Reliance Energy), infrastructure and entertainment.
Philosophy of Reliance Group – Bold: Vision To build a global enterprise for all our stakeholders and a great future for our country, to give millions of young Indians the power to shape their destiny and the means to realize their full potential.
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for more information …https://en.wikipedia.org/wiki/Anil_Ambani
Great Indian Industrialist
Mr. Ratan Tata – Tata Group and Sons
Great Indian Industrialist Ratan N Tata was the Chairman of Tata Sons, one of the two promoter holding companies of the Tata group, from 1991 till his retirement on December 28, 2012. Great Indian Industrialist was also chairman of the major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices. During his tenure, the group’s revenues grew manifold, totaling over $100 billion in 2011-12.
Great Indian Industrialist Ratan Tata : Mr. Tata is also associated with various organizations in India and overseas.Great Indian Industrialist Tata is the chairman of two of the largest private-sector-promoted philanthropic trusts in India. He is a member of the Indian Prime Minister’s Council on Trade and Industry. Tata A Great Indian Industrialist is the president of the Court of the Indian Institute of Science and chairman of the Council of Management of the Tata Institute of Fundamental Research. He also serves on the board of trustees of Cornell University and the University of Southern California. Mr. Tata serves on the board of directors of Alcoa and is also on the international advisory boards of Mitsubishi Corporation, JP Morgan Chase, Rolls-Royce, Temasek Holdings and the Monetary Authority of Singapore.
The Great Indian Industrialist Mr. Tata received a Bachelor of Architecture degree from Cornell in 1962. He worked briefly with Jones and Emmons in Los Angeles before returning to India in late 1962. He completed the Advanced Management Program at Harvard Business School in 1975.
The Government of India honored Great Indian Industrialist Mr. Tata with its second-highest civilian award, the Padma Vibhushan, in 2008. He has also received honorary doctorates from several universities in India and overseas.
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Great Indian -Industrialist Ever
Great Indian Industrialist Subrata Roy Sahara is an Indian businessman who was born on 10 June 1948 at Araria (40 km. north to Poornima, Bihar). He is the chairman and Managing Worker of the Sahara Group of companies based in India fondly known as the “Sahara India Pariwar”.
Great Indian Industrialist is the son of Smt. Chhavi & Late Shri Sudhir Chandra Roy. He was born in an upper-middle-class family. As a child, he was always a bright student and went on to hold a diploma in Mechanical Engineering from the Government Technical Institute, Gorakhpur.
About his career
Before Great Indian Industrialist founded the Sahara Group, he had already gathered 32 years of previous experience in business development along with 18 years of experience in real estate business. The Great Indian Industrialist is married to Swapna Roy who is the Dy. Managing Worker (Personnel and welfare). He has 2 sons, Mr. Sushanto Roy who is the Executive Director and Chief Executive Officer of the Company and Mr. Seemanto Roy who is the Executive Director of the Company.
As the Managing Worker & Chairman of Sahara India Pariwar, Shri Great Indian Industrialist Subrata Roy Sahara started his stupendous journey with a vision backed by the belief that “emotion is the key to success”.
In the year 1978, he opened a small office in Gorakhpur (Uttar Pradesh). Great Indian Industrialist started with savings of Rs. 2000 and a Lambretta scooter. His office consisted of a table and two chairs and a staff of one clerk and a runner boy. Initially, he singles handily took up the business of Deposits and Para – banking.
In a span of just 29 years, the Sahara India Pariwar has grown from just 42 depositors in all and a single establishment in the beginning to over 6.1 crore depositors through 1707 establishments, across the nation. He has created an empire of over Rs.50,000 crore which is now recognized as one of the fastest growing business groups in the country.
Throughout Great Indian Industrialist Subrata Roy’s life, his aim was to create a family and not just a company. The fact that Great Indian Industrialist always considered his position as that of “The Chief Guardian” of the ‘World’s Largest Family’ – Sahara India Pariwar is the biggest achievement of his life.
Achievements and awards won by Subrata Roy
Great Indian Industrialist was the main driving force behind the exponential growth of Sahara Group from an asset base of USD 43 in 1978 when it was founded by a conglomerate of USD 10.87 billion presently.
Apart from this, he has been the recipient of many individual awards :
- Great Indian Industrialist has been conferred the ITA – TV Icon of the Year (2007)
- Great Indian Industrialist has received the Global Leadership Award (2004)
- Great Indian Industrialist was also awarded the Businessman of the Year Award (2002), the Best Industrialist Award (2002) and the National Citizen Award (2001) for his entrepreneurship skills.
- Great Indian Industrialist was also the proud recipient of Karmaveer Samman (1995), Udyamshree (1994), Baba-ERozgar (1992) and Noble Citizen Award (1986).
- Great Indian Industrialist won the Academy Award from Indian Television Academy for his contribution to Indian Television.
- Great Indian Industrialist has been successively featured in the prestigious list of 50 Most Powerful People of India in the reputed India Today Magazine since 2003.
About Sahara Group- Company Profile
Today, Sahara group is worth over $10 billion and is the largest first generation conglomerate in India. The Sahara Group was termed by the Time magazine as ‘the second largest employer in India after the Indian Railways’.
- The group is successfully diversified into Infrastructure and Housing (real estate), Media (news channels and newspaper), Entertainment (TV channels and film production), Aviation.
- It intends to move into Finance, Information Technology, Tourism and Hospitality, Life Insurance and Consumer Products, with many projects already in the pipeline.
- It also sponsors the Indian Hockey and Cricket team jerseys and other sports equipment.
- On March 22, 2010, in the IPL franchise auction, Sahara group bought the Pune IPL team for Rs.1, 702 crores and named it “Pune Warriors India”.
- The Sahara Group has undertaken a very prestigious and ambitious property project called Aamby Valley which is a first of its kind Megalopolis spread over more than 10,000 acres. Located in the outskirts of Mumbai, Aamby Valley City is being developed to be amongst top 5 Destination cities in the world.
- Among its other recent projects, the merger of the Sahara Airlines with Jet Airlines created waves throughout the aviation industry.
- Sahara Group has also acquired a huge complex in Lucknow, Uttar Pradesh known as “Sahara City”.
- Mr. Subrata Roy Sahara – Chairman & Managing Director
- Mrs. Swapna Roy – Non – Executive Director
- Mr. Om Prakash Srivastava – Non – Executive Director
- Mr. Joy Broto Roy – Non – Executive Director
- Mr. Sushanto Roy – Executive Director and CEO
- Mr. Seemanto Roy – Executive Director
- Mr. Amitabha Ghosh – Former Dy. Governor of Reserve Bank of India
- Mr. Rajeeva Ratna Shah – Retired Indian Administrative Services Official
- Justice Kamal Narain Singh – Former Chief Justice of India
- Mr. Madhukar – Former Member of SEBI/Former Banker
- Mr. D.P. Bagchi – Retired Indian Administrative Services Official
- Mr. Devi Dayal – Retired Indian Administrative Services Official
- The profit sharing system of Sahara Group which symbolizes collective sharing and caring is as follows: 35% of profit goes towards Company’s Net owned fund, 25% goes towards Social Development activities and 40% towards the welfare of Kartavyayogi workers.
- All Promoters, Shareholders, Directors, and Partners are from the workers’ rank and have taken an oath through a notary affidavit in the court of law that neither they nor their family members can ever share the profit or assets of the company.
Major Obstacle faced Sahara India Financial Corporation Limited [SIFO] forms the backbone of the Sahara Group. In 1998-2000 when RBI laid down rules and guidelines for residuary non-banking companies, more than 40,000 big and small finance companies shut down, as they could not meet the new RBI norms. SIFO not only survived but also continued to grow during the fiasco. The group attributes its success to following all rules and guidelines and practicing strict checks and controls itself..
Social works done by Sahara India Apart from founding and scaling up his company to astonishing levels, Great Indian Industrialist has instilled the feeling of oneness among the workers (so comes the ”SAHARA PARIWAR”) to inculcate the feelings of unity and vibrancy in the company.
- Great Indian Industrialist, He always kept emotions above economics, principles above profit, values above wealth and conscience above corporation. Remarks like:
“We are a family, not just a business organization”.
“We don’t work for a company, we work for ourselves, for the growth of our Pariwar”. by Sahara, chairmans reiterate the above facts.
- Great Indian Industrialist has also written 2 philosophical books namely “Shanti, Sukh & Santushti” and “Maan, Samman, Atmasamman”.
- Furthermore, Great Indian Industrialist has pursued a large number of philanthropic endeavors, and his company is involved in activities like monthly financial assistance to the families of the Martyrs of the Mumbai Nov ’08 terror attack and to the families of Kargil War Martyrs, projects in the fields of rehabilitation of a million victims of natural disasters and so forth.
Controversies of Sahara India
Apart from a rumor that the rise of Great Indian Industrialist Subrata Roy as a property business tycoon is the result of his close association with the leader of Samajwadi Party- Amar Singh and its founder- Mulayam Singh Yadav, Subrata Roy has led a controversy-free life. Though he was sometimes criticized for his lavish lifestyle.
It was not only his dynamism and will but his ethics which aided him in crossing the hurdles of life. Undoubtedly, this Roy has succeeded in etching his place within the mentions of Indian Corporate industry.
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Great Indian -Industrialist
Azim Premji – Wipro Software Ltd.
Born on 24 July 1945, Azim Premji is one of the instantly recognizable faces in the Indian business industry. Apart from being a business tycoon, he is the Chairman of Wipro and a well-known philanthropist. He is also unofficially regarded as the Czar of the information technology industry of India. Ever since its inception, Wipro – under Premji’s capable guidance and leadership – has kept growing and diversifying and is right now held as one of the leading companies in its domain in the country. Premji was also supposedly the wealthiest person in the country in the six-year span of 1999 through 2005 according to Forbes.
The same globally-revered magazine also states that as of 2015, he is the fourth richest in India and 61st across the world. As of 2014, his personal wealth totaled to 16.4 billion. His personal net worth was estimated at 19.1 billion dollars in March 2015. During 2010, he was voted in Asia Week as one of the 20 most powerful men in the continent. TIME Magazine has twice enlisted him among the most influential 100 people in the world – first in 2004 and then in 2011. Premji holds 75% of the shares of his company, besides owning a private equity fund named Premji Invest.Great Indian Industrialist Premji invest is responsible for managing the personal investment portfolio of Premji, which is estimated to be worth a billion dollars.
Azim Premji’s Family:
Great Indian Industrialist Azim Premji was born in Mumbai on 24 July 1945. He is a Gujarati Muslim and his family is originally from Kutch. His father Mohamed Hashem Premji was a famous businessman in his time and was also referred to as the ‘Rice King of Burma’. When India was partitioned, Muhammad Ali Jinnah – the founding father of Pakistan – had invited Premji’s father to stay over there. However, this request was turned down by Mohamed Premji. Azim Premji is married to Yasmeen Premji and they have two sons – Tariq and Rishad. Rishad is currently working as the Chief Strategy Officer for the IT business activities of Wipro.
Education of Azim Premji
Azim Premji obtained a Bachelor of Science in Electrical Engineering from Stanford University. This is almost equal in importance to a graduate degree in engineering in India.
Azim Premji’s Career
- Great Indian Industrialist Premji’s career started in 1966 when he had to cut short his education at Stanford University upon receiving the news of his father’s demise and come back home to take charge of his father’s company, which had been started in 1945. At that time, Wipro was working out of a small town in Maharashtra named Amalner and dealt in Sunflower Vanaspati, a cooking oil brand, and 787, a laundry soap that was the byproduct of cooking oil production.
- Great Indian Industrialist Premji managed to diversify the company’s offerings by starting the production of bakery fat, various kinds of lights and related products, toiletries made from locally available ingredients, hydraulic cylinders, hair care soaps and toiletries for babies. Thanks to his visionary capabilities, he was able to understand the potential of information technology in the 1980s.
- At that time, there was a significant gap in the IT market in India when IBM was shown the door. So, Great Indian Industrialist Premji changed the name of his company to Wipro and started to make microcomputers so as to gain entry into the sector for high technology products. In this project, he collaborated with Sentinel Computer Corporation, an American organization. Very soon, he made a complete shift from fast moving consumer goods to the technology industry.
NGOs and Foundations Opened by Azim Premji
The life and times of Great Indian Industrialist Azim Premji are testaments to the fact that he believes in giving back to the society in a meaningful manner and help it go ahead. In that vein, he has opened a number of charitable institutions and NGOs over the years. He has also taken part in some key charitable initiatives.
Azim Premji Foundation
The Great Indian Industrialist Azim Premji Foundation was established in 2001 and is a major part of the philanthropic work done by Premji. It is a not-for-profit entity and its main aim is to come up with contributions that can help in realizing a level of universal education, which, in turn, will lead to a society that has values like justice, equality, humanity and sustainability at its core. The basic area of work of the foundation is elementary education.
Through its work in this sensitive area of education in India, the Great Indian Industrialist Azim Premji Foundation is attempting to come up with proofs of concept that can change the very system in which the government-owned schools operate in India. The emphasis is on improving the quality of education on offer and bringing the schools at par with the best schools across the country. Most of these schools are in the rural area and this is where the foundation has been focusing to a significant extent. It currently functions in the states mentioned below:
- Andhra Pradesh
- Madhya Pradesh
During December 2010, Premji promised to provide 2 billion dollars for making school education in the country better than what it was. He transferred equity shares – amounting to 213 million in number – from his company to the Azim Premji Trust. This is supposed to be the biggest ever educational donation in the country.Azim Premji University
- The Azim Premji University was set up as per an act passed by the legislative assembly of Karnataka. Its main aim is to conceive and execute programs that can help in the development of the overall educational scenario as well as a well-trained workforce. It also attempts to provide substitute models for changing the educational scenario. The university also puts in money in educational research with the end aim of widening the horizon of educational thoughts in India.
- Participation in The Giving Pledge: The Giving Pledge is a campaign, a brainchild of Bill Gates and Warren Buffet. Its primary aim is to provide encouragement to rich people to come forward and commit a part of their riches to philanthropic activities. Azim Premji is the first Indian to have signed up for the program. In fact, he is the third person from outside the United States of America – he is preceded by David Sainsbury and Richard Branson – to have become a part of this initiative. As of April 2013, Premji has donated at least 25% of his personal wealth to the said charity.
Awards and Recognition won by Azim Premji
- Over his illustrious career, Great Indian Industrialist Azim Premji has received a lot of honor and respect and been conferred with many awards. Business Week has hailed him as one of the 30 Greatest
- Entrepreneurs of all Time, which is no mean feat considering the global reach of the said publication. This recognition was in honor of the role that he has played over the years in making Wipro one of the top business organizations across the world in terms of growth.
- Manipal University awarded him an Honorary Doctorate during 2000 and six years later, the National Institute of Industrial Engineering, Mumbai, conferred on him the Lakshya Business Visionary Award. The Wesleyan University of Middletown Connecticut awarded him an honorary doctorate in 2009. This was conferred as a way of appreciating the exceptional work that Premji had done in terms of philanthropy.
- His contributions to the world of trade and commerce were recognized when the Indian Government bestowed on him the title of Padma Bhushan in 2005. He received the Padma Vibhushan, which is the second most prestigious civilian award in India, in 2011. He also got the Economic Times Lifetime Achievement Award in 2013.
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Great Indian Industrialist
Rahul Bajaj – Bajaj Group
Great Indian Industrialist Rahul Bajaj was born on 10th June 1938 at Bengal. Residency, British India. He is an Indian businessman, industrialist, politician, Forbes billionaire and a member of the Indian Parliament. In 2010, Forbes had estimated his net worth to be the US $ 1.1 Billion making him one of India’s Top 50 richest persons. He is the Chairman of Bajaj Auto, a leading Indian Automobile Manufacturer.Rahul
Bajaj Family background
Great Indian Industrialist Rahul Bajaj is a son of Rajasthani Businessman Jamnalal Bajaj who started Bajaj Auto in 1945. He has one brother, Shishir Bajaj, with whom there was a recent business settlement ending the family dispute. He has 3 cousins, Shekhar, Madhur, and Niraj together with whom he controls the Bajaj Group of companies. He is married to Ruparani and has two sons Rajiv & Sanjiv who are involved in the management of his companies and a daughter, Sunaina Kejriwal who is married to Manish Kejriwal who heads Temasek India.
Rahul Bajaj went to The Cathedral and John Connon School. He graduated from St. Stephen’s College in Delhi in 1958 with an honors degree in economics. He underwent on-the-job training for 4 years at two of the group companies. During that time, he also earned a law degree in Bombay. He is also an alumnus of the prestigious Harvard Business School in the USA.
Introduction to Bajaj
- Given his family background- at the tender age of 12, he started dreaming of becoming a businessman. His grandfather had bought a steel mill and a sugar mill, and in 1945 his father founded Bajaj Auto, now the crown jewel in the Bajaj Group.
- In the 1970s, India was a socialist state barred by rules and regulations. As a result, there was no entrepreneurship and nothing could be done without government approval. At this difficult time, Bajaj became the CEO of Bajaj Auto Ltd. (BAL) in 1968 at the age of 30 making him one of the youngest CEOs of that time.
- In this environment, the company was limited to produce just 20,000 units a year. Supply and demand didn’t match. Hence, after placing their order, customers had to wait for roughly ten years to receive it.
- To lower costs while improving the price and quality of the products, he increased production to avail “Economies of Scale”. He ignored a government regulation and increased volume by more than the permitted 25 percent of his licensed capacity.
- His grandfather had been known as the “fifth son” of Mahatma Gandhi and his parents and grandparents had spent time in British prisons for the sake of Indian independence. Hence, he didn’t fear to go to jail for the (illegal) excess production.
- Also, the fact that he was producing a commodity that most Indians needed gave him the strength to take the risk. He established factories at Akurdi and Waluj and worked hard to expand BAL- now the world’s fourth-largest maker of motorized scooters, three-wheel vehicles, and motorcycles – India’s most common forms of transportation.
Since Rahul Bajaj took over the charge of Bajaj Group in 1965, under his leadership Bajaj Auto has grown to new heights year after year. The turnover of Bajaj Auto has risen from a mere Rs.72 million to Rs.46.16 billion. He created one of India’s best companies in the difficult days of the license-permit Raj.
Apart from his achievements as the CEO of BAL, his individual achievements are:
- Great Indian Industrialist is the only top executive to have served two terms as president of the Confederation of Indian Industry (CII), which represents over 5,000 companies from India’s private and public sectors.
- Great Indian Industrialist is a member of International Advisory Committee and his expertise in these matters are tapped by the New York Stock Exchange.
- For his contribution to Indian industry, he was awarded the nation’s third-highest civilian honor, the Padma Bhushan, in 2002.
- Great Indian Industrialist was nominated to the Rajya Sabha from Maharashtra in June 2006 with cross-party support from the NCP, BJP and the Shiv Sena.
- Great Indian Industrialist was said to be the 20th richest man in India according to the Forbes India poll on top 40 richest persons in India.
- The Government of India appointed Mr. Bajaj as the Chairman of the Development Council for Automobiles and Allied Industries, 1975-77.
- In 1975, Mr. Bajaj received the “Man of the Year” Award from the National Institution of Quality Assurance.
- Great Indian Industrialist Mr. Bajaj was selected as Business India’s Businessman of the Year 1985.
- In 1988, Mr. Bajaj was felicitated for his achievements in a public function by the Pune Municipal Corporation. Mr. Bajaj was Chairman of Indian Airlines between 1986-89.
- Great Indian Industrialist Mr. Bajaj received the Bombay Management Association Award for The Most Distinguished Services in the Field of Management – 1990.
- Great Indian Industrialist Mr. Bajaj was appointed by His Royal Highness, The Prince of Wales as a Member of the Prince of Wales International Business Leaders Forum in February 1992.
- FIE Foundation awarded Mr. Bajaj the Rashtrabhushan Award in 1996. Lokmanya Tilak Smarak Trust awarded Mr. Bajaj the Tilak Award in 2000.
- Great Indian Industrialist was also conferred the Alumni Achievement Award by the Harvard Business School in September 2005.
- Great Indian Industrialist was a recipient of many more national as well as international honors.
Bajaj Group – Company Profile
Bajaj Group is among the top 10 Business houses in India. The Group manufactures and markets a range of products and services in India and abroad including 2 and 3-wheelers, home appliances, lamps, wind energy, special alloy and stainless steel, castings, cranes, forgings. Its businesses also cover the following sectors: infrastructure development, material handling equipment, travel, general and life insurance and investment & financial services. The market capitalization of the group at present is from the US $ 8 billion.
- The US$ 1.32 Billion worth Bajaj Auto is the main flagship company of the Bajaj Group which employs over 20,000 people with a turnover of over US $ 3.20 billion.
- Today, with revenues of $1.5 billion and a market capitalization of $3 billion, the company sells nearly 2 million vehicles per year in India and other developing countries in Africa, Latin America, and Southeast Asia.
- Constant changes in employee management and training led to reduced costs and improved quality. For example; it took 22,000 workers to produce 1 million vehicles in 2000, but only half of that number to make 1.8 million vehicles four years later.
- In addition, Bajaj Auto has consistently invested in R&D which made the company capable to develop products desired by the customer at a low cost. This has been an important source of confidence for the future.
For its performance, Bajaj Auto has received various awards including:
- The 1977 Export Award from the Federation of Indian Chambers of Commerce and Industry (FICCI).
- The 1985 Economic Times & Harvard Business School Association Award for Corporate Performance.
- CII Award for Quality and Reliability in 1984 & 1988 and for Technology and Innovation in 1985
- For 1994-95 Bajaj Auto received the Engineering Export Promotion Council’s award for the highest exports of consumer durables nationally and the highest exports of engineering goods in the Western Region.
- Bajaj Auto received Dalal Street Journal’s Corporate Excellence Award for 1990 & 1995 (Rank I).
Obstacles and Survival
- The initiation of Liberalization in India by the then PM Rajiv Gandhi posed great challenges for Bajaj Auto. It brought the threat of cheap imports and FDI from top companies like Hero Honda. Rahul Bajaj became famous as the head of the “Bombay Club”, which opposed this liberalization.The scooter sales dipped drastically, as people were more interested in motorcycles and the rival Hero Honda was an expert in it.
- In 2001, the Indian Economy faced a recession and the stock market collapsed. This hit the company hard and it was predicted that Bajaj Auto was soon going to shut down.
However Bajaj Auto re-invented itself
- It established a world-class factory in Chakan.
- It invested aggressively in R&D.
- It came up with Bajaj Pulsar Motorcycle which is currently a market leader in its segment.
- Through a technological collaboration with Kawasaki, BAL improved the variety and quality of its motorcycles. It also altered its supply-chain management and outsourced almost every component used on the assembly line and relying on just-in-time deliveries.
Hence, BAL came out of difficult times even stronger.
- Throughout Bajaj’s career spanning forty years at BAL, the company’s commitment to corporate social responsibility has remained constant.
- Bajaj Auto has set up many “Philanthropic Trusts and Foundations” which support community and rural development in the areas where its workers live, through funding efforts in primary school education, agriculture, and healthcare.
- In the last 5 years, Bajaj has been delegating many of his responsibilities to a team of younger executives. In last April, he was succeeded as managing director and CEO by his older son, Rajiv.
- Bajaj acknowledges there’s still much he wants to do, particularly as India is on the verge of becoming a World Economic Power. According to him some lingering problems in India including an inadequate infrastructure, inflexible labor policies, and too much bureaucratic red tape need to be addressed.
- But Great Indian Industrialist believes in the long run, India will succeed since the entrepreneurial spirit and capability of the Indian people will overcome all these issues.
It’s because every Indian should proudly to say iamgreatindian
see also the following links. https://en.wikipedia.org/wiki/Rahul_Bajaj
Great Indian industrialist
Anand Mahindra – Mahindra Group
Automobile manufacturer Mahindra and Mahindra on Monday reported a decline of three percent in its sales for May which stood at 36,706 units down from 37,869 units in the corresponding month of 2014. “The auto industry has been showing signs of recovery and it is important that factors like an interest rate cut if considered, would accelerate growth,” said Pravin Shah, chief executive of the automotive division, Mahindra, and Mahindra. The Reserve Bank of India (RBI) is scheduled to conduct its bi-monthly monetary policy review on June 2, 2015. The apex bank will decide whether or not to cut key lending rates at the meeting on Tuesday.”At Mahindra, we hope to see improved sentiments with a higher level of economic activities and the launch of our new age XUV500 which has received a good initial response. We are also happy with a 41 percent growth in our exports during the last month,” Shah said. Source: IANS.
Anand Mahindra Personal details …
Great Indian Industrialist Born on 1st May 1955 Anand Mahindra is the chairman and managing director of Mahindra Group. Mahindra Group’s presence today can be found in multiple sectors ranging from agribusiness to aerospace that initially started as a steel trading company. It is considered to be one of the most reputed Indian industrial houses with market leadership in many business verticals including utility vehicles like tractors, aftermarket, finance, Holidays and IT. After 65 years, M&M has grown into one of the nation’s leading companies, employing more than 117,000 people around the world.
Yet as it moves into the 21st century, it carries a promise to rise and only gets better with time. Great Indian Industrialist Anand Mahindra is an active participant in co-curricular activities. He used to play tennis and now has taken up sailing. Great Indian Industrialist has helped to set up an annual Mahindra Blues Festival in Mumbai, 2011. He is also regular on Twitter. He frequently shares his business ideas and views, through writing in some of India’s leading business magazines. He gave USD 10 to Harvard’s humanities center, in the name of his mother. This is amongst the largest gifts received by the university, so far.
Personal Background of Anand Mahindra
Great Indian Industrialist K.C. Mahindra, the co-founder of the company is the father of three daughters. None of his daughters displayed any interest in his business. His second daughter, Indira Mahindra is Anand’s mother. K.C. Mahindra, through this relation, acts as a maternal grandfather figure to him. Anand was born into a well-known business family and was conscious of this fact. On completion of his higher education, he showed interest in his grandfather’s business and subsequently joined it.
In the year 1977, he graduated from Harvard College, Cambridge Massachusetts and was an active member of the Phoenix S.K Club.
Great Indian Industrialist completed his MBA from Harvard Business School, Boston, Massachusetts in 1981.
Great Indian Industrialist studied film and architecture before joining Harvard Business School.
Anand married Anuradha Mahindra, who works for various magazines. They enjoy a happy married life and are parents to two daughters.
Anand Mahindra’s Career
- In 1981, he returned back home to India and joined the Mahindra Ugine Steel Company as an Executive assistant to finance director.
- Gradually in 1989, he climbed up to the post of the President and Deputy Managing Director and diversified the company into new business areas of real estate development and hospitality.
- His efforts paid off when he has appointed the post of Deputy Managing director of M&M in 1991, Managing Director in 1997 and Vice-chairman in 2003.
- Great Indian Industrialist was also a co-promoter of Kotak Mahindra Finance Ltd, which was converted into a bank in 2oo3, and rose up to the position of leading private sector banks.
Awards and Achievements:
Under his guidance and leadership, the Mahindra group has set international benchmarks for success. A rapid growth was witnessed in the company, in the terms of acquisitions, as well as Greenfield business development with several high profile brands, including:
- Satyam Computer Services (2009)
- Reva Electric Motors (2010)
- Sangyong Motor Company (2010)
- Scorpio (2002)
The launch of Scorpio, an SUV, was a major boost to the group in 2002, while stock prices in the market were running low. He has striven towards making the company an efficient and aggressive competitor in the new liberalized economic environment in India. He has been honored with many awards to his credit, such as :
- Rajiv Gandhi award in 2004 for his outstanding contribution to the field of business.
- Business Leader award (2008-09) by economic Times Most Inspiring corporate leader of the year 2007, by NDTV Profit.
- ‘Knight of the Order of the Merit’ by the President of the French Republic and much more.
- Fortune Magazine 2014 Ranked Anand among “The World’s50 Greatest Leaders”
- The Energy and Resources Institute (TERI) – 2014 gave him the Sustainable Development Leadership Award
Mahindra & Mahindra – Company Profile
M&M is a company that consists of itself many companies, united with a common purpose. The company enjoys a superior position in various key industries such as utility vehicles, information technology, tractors, and vacation ownership. Its growing presence can be felt in real estate development, aerospace, retail, defense, energy, financial services, logistics and much more. Grown into a US $ 11.1 billion company, it is present in over 100 countries across the world.
Problems faced by M&M
- The years 2001-2002, were very low periods for the company.
- The stock price was low.
- Anand had full belief in the project of the SUV Scorpio, and drove everyone together with him in this belief, playing the cards well and coming out a winner in this gamble.
- Scorpio made positive impressions on the company’s growth and came out as a well-judged risk. It’s because every Indian should proudly to say iamgreatindian
Great Indian Industrialist
Kumar Mangalam Birla – Birla Group
Great Indian Industrialist Born June 14, 1967, in Kolkata, Mr. Birla was raised in Mumbai. Mr. Birla and his wife, Mrs. Neerja Birla, have three children, Ananyashree, Aryaman Vikram and Advaitesha.
Educational background: A commerce graduate from Mumbai University, Mr. Birla is a Chartered Accountant. He earned an MBA from the London Business School.
Great Indian Industrialist Mr. Kumar Mangalam Birla (49) is the Chairman of the US $41 billion multinational Aditya Birla Group, which operates in 36 countries across six continents. Over 50 percent of its revenues flow from its operations outside India.
Mr. Birla chairs the Boards of all of the Group’s major companies in India and globally. Its clutch of global companies features Novelis, Columbian Chemicals, Aditya Birla Minerals, Aditya Birla Chemicals, Thai Carbon Black, Alexandria Carbon Black, Domsjö Fabriker and Terrace Bay Pulp Mill, among others. In India, he chairs the Boards of Hindalco, Grasim, Aditya Birla Nuvo, UltraTech, and Idea.
The Group’s businesses are spread across a swath of industries. These include aluminum, copper, cement, textiles (pulp, fiber, yarn, fabric and branded apparel), carbon black, insulators, natural resources, power, agribusiness, telecommunications, financial services, retail, and trading.
- Great Indian Industrialist Mr. Birla took over as Chairman of the Group in 1995, at the age of 28, after the untimely demise of his father. As Chairman, Mr. Birla has taken the Aditya Birla Group to an altogether higher growth trajectory. In the 20 years that he has been at the helm of the Group, he has accelerated growth, built a meritocracy and enhanced stakeholder value.
- In the process, he has raised the Group’s turnover from the US $2 billion in 1995, to the US $41 billion today. Great Indian Industrialist Mr. Birla has restructured the businesses to emerge as a global/national leader in the sectors in which the Group operates. He has made 36 acquisitions in 19 years in India and globally, the highest by an Indian multinational in India.
- The acquisition of Novelis, a global metals major, in 2007, the second largest acquisition ever by an Indian company, led to a new found respect for Indian companies and stoked a higher level of interest in the country as well. The subsequent acquisition of Columbian Chemicals, a US-based company, and the world’s third largest carbon black manufacturer positioned the Group as the No. 1 player in this sector, given its own sizeable carbon black operations today. Likewise, the acquisition of Domsjö Fabriker, a leading Swedish specialty pulp manufacturer enables the Group’s Pulp and Fibre business to further consolidate its global position.
- Besides these, over the years Great Indian Industrialist Mr. Birla has acquired manufacturing plants in Canada, China, Indonesia, and mines in Australia, and set up new plants in Egypt, Thailand, and China. Alongside, he has expanded capacities in all of the Group’s manufacturing units.
- In India as well, he has made major acquisitions, the most notable being the Cement division of Larsen & Toubro, Jaypee Cement (MP & Gujarat), Indal from Alcan, Madura Garments from Coats Viyella, the Chlor Alkali division of Kanoria Chemicals and Solaris Chemtech Industries.
- Under his stewardship, the Aditya Birla Group enjoys a position of leadership in all the major sectors in which it operates. Over the years, Mr. Birla has built a highly successful meritocratic organization, anchored by an extraordinary force of 120,000 employees belonging to 42 different nationalities. The Aditya Birla Group has been ranked fourth in the world and first in the Asia Pacific in the ‘Top Companies for Leaders’ study 2011, conducted by Aon Hewitt, Fortune Magazine and RBL (a strategic HR and leadership advisory firm). The Group has topped Nielsen’s Corporate Image Monitor 2014-15 and emerged as the Number 1 corporate, the ‘Best in Class’, for the third successive year.
- In key responsible positions on various regulatory bodies
Great Indian Industrialist Mr. Birla holds several key positions on various regulatory and professional Boards. He was a Director on the Central Board of Directors of the Reserve Bank of India. He was Chairman of the Advisory Committee constituted by the Ministry of Company Affairs and also served on The Prime Minister of India’s Advisory Council on Trade and Industry.
As the Chairman of Securities and Exchange Board of India (SEBI) Committee on Corporate Governance, he authored the First Report on Corporate Governance titled “Report of the Kumar Mangalam Birla Committee on Corporate Governance”. Its recommendations were path-breaking and became the basis of corporate governance norms. Furthermore, as the Convener of the Prime Minister’s Task Force on Administrative and Legal Simplifications, the extensive recommendations made by him in his report have been implemented in totality. Great Indian Industrialist Mr. Birla also served as Chairman of SEBI’s Committee on Insider Trading which formulated Corporate Governance principles for Indian corporate.
Great Indian Industrialist is on the National Council of the Confederation of Indian Industry and the Apex Advisory Council of the Associated Chambers of Commerce and Industry of India.
On the board of educational institutions
- Great Indian Industrialist Mr. Birla is deeply engaged with educational institutions. He is the Chancellor of the renowned Birla Institute of Technology & Science (BITS) with campuses in Pilani, Goa, Hyderabad, and Dubai.
- Great Indian Industrialist Mr. Birla is the Chairman of IIT, Delhi.
- Great Indian Industrialist is a Director of the G. D. Birla Medical Research & Education Foundation.
- Great Indian Industrialist serves on the London Business School’s Asia Pacific Advisory Board and is an Honorary Fellow of the London Business School.
- Great Indian Industrialist Mr. Birla is the Chairman of Rhodes India Scholarship Committee.
Accolades conferred on Mr. Birla
- Great Indian Industrialist Mr. Birla has won recognition for his exemplary contribution to leadership processes and institution/systems building. A selective list:
- International Advertising Association’s (IAA) “CEO of the Year Award 2016”
- Inducted as an Honorary Member – Rotary Club of Mumbai (November 2014)
- Hello Hall of Fame – Business Leader of the Year 2014 (November 2014)
- US India Business Council (USIBC) “2014 Global Leadership Award”
- “Business Leader of the Year”, the Economic Times Awards for Corporate Excellence, 2012-13
- ‘Ranked the 4th Most Powerful CEO (2013)’ in the Economic Times’ Corporate India’s Definitive Power listing of 100 CEOs
- Indore Management Association’s Award ‘National Indian Business Icon’, 2013
- Forbes India Leadership Award – Flagship Award “Entrepreneur of the Year, 2012”
- NDTV Profit Business Leadership Awards 2012 – “Most Inspiring Leader”
- The Degree of Doctor of Science (Honoris Causa) in recognition of his role in “pioneering great Engineering products involving Multi-disciplinary Engineering thought processes in the Country” by the Visvesvaraya Technological University, Karnataka, 2012
- NASSCOM’s ‘Global Business Leader Award’ 2012
- CNBC-TV18 India Business Leader Award 2012 for “Taking India Abroad”
- “GQ Business Leader of the Year Award – 2011” from Condé Nast India Pvt. Ltd., an affiliate of Condé Nast Global
- “CNN-IBN Indian of the Year 2010 – Business”, “for being the most outstanding business person and making a success out of most businesses including the sunrise sector”, 2010
- The All India Management Association’s (AIMA), Managing India Awards “Business Leader of the Year”, 2010
- The AIMA – “JRD Tata Corporate Leadership Award”, 2008
- The Honorary Degree of Doctor of Science (Honoris Causa) in “recognition of his invaluable contribution in the field of Business Administration” by the G. D. Pant University of Agriculture & Technology, 2008
- “For the development of technology and also for the involvement in the field of Industries in bringing the country at par with other countries in the field of Industries”, the SRM University in Tamil Nadu conferred the Degree of Doctor of Literature, 2008
- The “Asia Pacific Global HR Excellence – Exemplary Leader” Award, 2007
- “The Global Indian Leader of the Year” by NDTV Profit in their Business Leader Awards category, 2007
- The Lakshmipat Singhania – IIM, Lucknow “National Leadership Award, Business Leader”, 2006
- Represented India at the Ernst & Young World Entrepreneur Award in Monte Carlo, Monaco in June 2006, where he was inducted as a “Member of the Ernst & Young World Entrepreneur of the Year Academy”
- “The Ernst & Young Entrepreneur of the Year” Award, 2005
- “Young Super Performer in the CEO Category” by Business Today, 2005
- Chosen by the World Economic Forum (Davos) as one of the “Young Global Leaders”, 2004
- “The D. Litt (Honoris Causa) Degree” by The Banaras Hindu University, 2004
- “Honorary Fellowship” by the All India Management Association, 2004
- “The Business Leader of the Year”, The Economic Times Awards for Corporate Excellence, 2002-2003
- “Business Man of the Year-2003” by Business India
- The Rajiv Gandhi Award for “Business Excellence and his contribution to the country” by the Mumbai Pradesh Youth Congress, 2001
- The National HRD Network, “The Outstanding Business Man of the Year”, 2001
- The Institute of Directors’ “Golden Peacock National Award for Business Leadership”, 2001
- Hindustan Times, “The Businessman of the Year”, 2001
- The Bombay Management Association – “The Management Man of the Year 1999-2000”
- “Among the 10 Super Stars of Corporate Finance” – Global Finance, 1998
- “Among the top 10 of India’s most admired and respected CEOs and the top CEO of the coming millennium”, Business World, 1998.
Beyond business: Reaching out to the marginalized sections of the society
- A firm practitioner of the trusteeship concept, Great Indian Industrialist Mr. Birla has institutionalized the concept of caring and giving at the Aditya Birla Group. With his mandate, the Group is involved in meaningful welfare driven activities that distinctively impact the quality of life of weaker sections of society, surrounding hundreds of villages that are among the poorest in India, Thailand, Indonesia, Philippines, and Egypt.
- In India, the Aditya Birla Group is engaged in 5,000 villages, reaching out to 7.5 million people annually and making a difference to their lives through meticulously conceived projects focusing on health care, education, sustainable livelihood, infrastructure and social causes. For instance, the Group runs 42 schools which provide quality education to 45,000 children. Of these, over 18,000 children receive free education. Additionally, over 100,000 youngsters benefit from bridge educational programs and vocational training. It’s 18 hospitals tend to more than a million villagers. In line with its commitment to sustainable development, the Group has partnered with the Columbia University in establishing the Columbia Global Centre’s Earth Institute in Mumbai. To embed CSR as a way of life in organizations, the company has set up the FICCI – Aditya Birla CSR Centre for Excellence in Delhi. It’s because every Indian should proudly to say iamgreatindian For more details https://en.wikipedia.org/wiki/Kumar_Mangalam_Birla
Sunil Bharti Mittal – Bharti Airtel Ltd
- About Sunil Mittal: Great Industrialist Sunil Mittal the second son of Ludhiana politician Satpaul Mittal, went into business in 1976, at the age of 18, three years before he graduated from Punjab University in economics and political science. The city had a strong culture of entrepreneurship. Every youngster dreamt of his own factory. Great Industrialist Mittal borrowed Rs 20,000 from his father and set up a unit to make cycle parts. Within three years, he had added two more units: one to make yarn and the other to make stainless steel sheets for use in surgical equipment.
- Great Industrialist Mittal would travel in trucks along with his consignments. Longer journeys were by train because he couldn’t afford air tickets. He worked 16 to 18 hours a day and stayed in inexpensive hotels when he traveled outside Ludhiana. But the payback wasn’t great.
- Great Industrialist Mittal would visit Mumbai frequently in those days to find buyers for his stainless steel sheets. He would sit on low stools inside small cubicles in Abdul Rehman Street and make his pitch to traders. The experiences led him to discover the salesman in him.
- Great Industrialist Sunil Bharti Mittal is the Founder and Chairman of Bharti Enterprises which has interests in telecom, retail, realty, financial services and agri-products. Bharti Airtel, the group’s flagship company, is a global telecommunications company with over 295 million customers across South Asia and Africa. Bharti has joint ventures with several global leaders: Singtel, Softbank, AXA and Del Monte.
- Great Industrialist Sunil is currently the Vice Chairman of the International Chamber of Commerce (ICC). He also serves on the Prime Minister of India’s Council of Trade & Industry, World Economic Forum’s International Business Council, Telecom Board of International Telecommunication Union (ITU), Commissioner of the Broadband Commission, and the Singapore Prime Minister’s Research, Innovation and Enterprise Council. Great Indian industrialist has been appointed by the Prime Minister of India as Co-Chair of the India-Africa Business Council and India-Sri Lanka CEO Forum as well as a member of the India-US, India-UK, and India-Japan CEO Forums. Earlier, he served as the President of the Confederation of Indian Industry (CII, 2007-08), the premier industry body in India.
- Great Industrialist Sunil is a recipient of the Padma Bhushan, one of India’s highest civilian awards. He has also been awarded the INSEAD Business Leader for the World Award 2011 and the NDTV Profit Business Leadership Award 2011 for “Corporate Conscience”. Earlier, he received the Global Economy Prize 2009 by The Kiel Institute, Germany, and the US-India Business Council also honored him with the ‘Global Vision’ Award 2008. Sunil has received the GSM Association Chairman’s Award for 2008. Great Indian industrialist is also a member of the Academy of Distinguished Entrepreneurs, Babson College, Wellesley, Massachusetts.
- An alumnus of Harvard Business School, Sunil is on Harvard University’s Global Advisory Council, Board of Dean’s Advisors of Harvard Business School and Executive Board of the Indian School of Business. Great Indian industrialist is also a Trustee of the Carnegie Endowment for International Peace.
- Great Industrialist Sunil believes that a responsible corporate has a duty to give back to the community in which it operates. This belief has resulted in the Bharti Foundation, which operates 254 schools as well as remedial centers and renders quality support to government schools, providing holistic education to over 46,000 underprivileged children in rural India. Great Industrialist Sunil was ranked among the Top 25 Philanthropists in the World in 2009 by the Barron’s Magazine. Great Indian industrialist is also a Member of the Board of Trustees of Qatar’s Education Above All Foundation, an initiative of Her Highness Sheikha Moza bint Nasser.
- I did pick up very early signs that I had a way to charm the lenders or partners to come and join hands; and whether it was a bank manager or a partner from abroad, I could generally seek a lot of credit from them,” Great Indian industrialist Mittal said in a 2005 interview. In the interview he admitted that he often let his bank manager beat him in table tennis, though he was a ranked player in Punjab University, just to be in his good books.
- The Mumbai exposure also taught him that if he wanted to do something big, he would have to move out of Ludhiana. In 1980, Mittal sold the cycle parts and yarn businesses, relocated to Mumbai and became a trader of imported stainless steel, brass, plastics and zip fasteners.The market loved the sleek and efficient generators. Sales were brisk and Great Indian industrialist Mittal was soon selling throughout the country.
- The high visibility of these generators caught the attention of big business houses, which lobbied the government for licenses to make portable generators in the country. In 1983, the government gave out two licenses to make portable generators: one to the Birla family which tied up with Yamaha of Japan and the other to the Shriram family which collaborated with Honda of Japan. Mittal’s business came crashing down.
- Suzuki, happy with what Mittal had done, offered to make him a dealer for its new small car made in the country in collaboration with the government: the Maruti 800. The car went on to cause a revolution in the Indian automobile market. Still, Mittal did not get the dealership because all dealers were appointed on the basis of political influence.
- “If they had made me a dealer, then I would have got rich and comfortable. Looking back, I think it was God’s design that I should not get too comfortable. He had other plans for me,” Mittal said in another 2005 interview. Left without a business, Mittal decided to go abroad and scout for opportunities. He ended up at a trade fair in Taiwan where for the first time in his life he saw push-button telephones. Indians were still using clunky phones that came with a rotary dial.
- Within days, he had signed a contract with a Taiwanese supplier. But telephones were not on the government’s priority list for imports. Great Indian industrialist Mittal would import components from different ports and assemble the handsets at Ludhiana.
- The brand he chose was the German-sounding Mittbrau. “All it meant was Mittal brothers, but I wanted to make it sound like a foreign brand name because I had learned that Indian consumers don’t like desi (homegrown) brands,” he said in the interview.Soon, the government opened up the industry and issued 52 licenses to make telephones in the country. Mittal secured one of them. He moved to a new brand called Beetle and soon diversified into EPABXs and fax machines. By the early 1990s, he was doing about Rs 25 crore (Rs 250 billion) in annual sales, had bought his first Mercedes and moved into a spacious home.
- The business required him to keep a close watch on what was happening in telecom the world over. Towards the end of 1991, in Goa on vacation with his family, Mittal saw a newspaper advertisement which said the government had drawn up plans to induct the private sector into mobile telephony – something that was taking the West by storm.Mittal sensed this was his moment, and decided, there and then, he would bid. Mittal was awarded the Delhi circle and launched services in 1994 under the Airtel brand.
- In a short span of time, he morphed into a national player, became the country’s largest telecom service provider with over 200 million customers, and expanded his footprint to Sri Lanka, Bangladesh, and even Africa. Mittal became the poster boy of Indian telecom and fabulously rich: according to The Billionaire Club, Business Standard’s annual list of the richest Indians, he was worth Rs 94,436 crore (Rs 944.36 billion) in January 2015.
Great Indian Industrialist
Kushal Pal Singh
Great Indian industrialist Kushal Pal Singh is a real estate magnate and is known for being India’s largest real estate developer. Born on August 15, 1931, in Bulandshehar, Uttar Pradesh, he grew up to establish and head DLF Limited, as the chairman and CEO of the company.
Personal background of Kushal Pal Singh
- Great Indian industrialist Kushal comes from a Jat family of successful landlords and lawyers. Great Indian industrialists a graduate in science from Meerut College, Uttar Pradesh. For pursuing higher education in Aeronautical Engineering, he went to the UK, and subsequently got selected in the Indian Army, by British Officers Services Selection Board, UK. Thereafter, Great Indian industrialist joined The Indian Military Academy at Dehradun and was, consequently commissioned into a renowned cavalry regiment of The Indian Army, ‘The Deccan Horse’. Great Indian industrialist, He left the army and joined his father-in-law, Chaudhary Raghvender Singh, who is the founder of the DLF group. In 1960, he joined American Universal Electric Company, which was a joint venture between Universal Electric Company of Owosso, Michigan and the Singh family. Along the line, he promoted another company, Willard India Limited, in collaboration with ESB inc of Philadelphia for the manufacture of automatic and industrial batteries in India, and consequently, became its Managing director. In 1979, American Universal Company merged with DLF Universal Limited, placing Kushal on the post of the Managing Director of this new company.K.P Singh, is married and is a father to three children. Great Indian industrialists, son Rajiv, and daughter, Pia is supposed to take care of his property business operations after him. Chaudhary Raghvender Singh, his father-in-law, shares close ties with each other. His father-in-law, himself has done infrastructural wonders to various areas in South Delhi, such as South Extension and Greater Kailash, to name a few But the family, in general, maintains a low public profile.
- The key man, behind DLF, who has successfully renamed Gurgaon, as The Millennium City or The Shopping Mall Capital of India, enjoys a deep passion for Golf.
- Great Industrialist differs in his ideas of philanthropy, believing that “The concept of philanthropy is really good, but for that person in our country, first need to create wealth themselves”.
- Great Indian industrialist and His contribution in transforming Gurgaon into a world-renowned hub within a decade are practically unforgettable.
- Under Great Indian industrialist Singh’s leadership, DLF built and developed DLF city, on the 3000-acre land purchased in Gurgaon.
- DLF, as a group, played a significant role in attracting a number of MNCs to India, leading to employment generation and international level competition.
- It was instrumental in bringing huge brand names to the nation, GE and Nestle, to name a few.
- DLF Cyber City in Gurgaon is amongst the biggest integrated technology parks in India, spanning 125 acres.
- The only night golf club in India, and one of the top golf clubs in Asia, also attributes its presence to DLF.
- Recently launched, DLF Emporio Mall in New Delhi stands out as the largest luxury mall of the metropolis.
- Presently, the company is handling many projects in various cities on a land bank of more than 10,000 acres.
- Title sponsorship, for the popular Indian Premier League series, is also bagged by this company.
- The market capital of India’s largest real estate company, DLF, now stands at Rs.1,14,744 crore.
- Problems Faced by DLF :(a) Certain new projects undertaken by the company are facing problem They have not received the due approval yet.(b)Tsunami rehabs created near the apartments can increase the risk of degrading the value of these apartments.(c)The company, may also be running under the risk of more supply, than demand
Kushal Pal Singh’s Career
As the director of the newly merged company, in 1979, he set out on an ambitious plan to develop property in the rural state of Haryana. Great Indian Industrialist had huge ideas of buying land in the small township of Gurgaon and envisioned the advantages of Gurgaon’s close proximity to the metropolis of New Delhi. An entrepreneur, Great Indian industrialist K P Singh, could see great scope for real estate development in Gurgaon, and his far-fetched futuristic ideas, paid him well, transforming him into a real-estate business tycoon. As time went by, dreams turn into realities and plans executed into action, Gurgaon transformed into India’s leading real estate destinations and a hub of business activity. Today, it is commonly referred to as, Millennium City.
Awards and Achievements won by Kushal Pal Singh
- The 76-year-old, Indian billionaire, Great Indian Industrialist K.P Singh, today stands at a worth of $3.4 billion and has amassed a considerable fortune to be counted as one of the richest entrepreneurs in the world.
- Great Indian Industrialist has transformed Gurgaon into a modern-day residential destination by providing it with world-class facilities like earthquake proof office buildings, apartments, and shopping malls.
- Great Indian Industrialist holds many key positions in regulatory bodies, including the post of the president of the Associated Chamber of Commerce and Industry
- India and also of the Ph.D. chamber of Commerce and industry.
- Currently, Great Indian industrialist Singh also presides over the Central Board, Reserve Bank of India, as its director.
- Great Indian Industrialist is the director of 31 different private companies engaged in various sectors of the economy.
- The prestigious ‘Delhi Ratna‘ award was honored to him for his valuable contribution to Delhi.
Sucess Story Kushal Pal Singh:
- Billionaire realtor Great Indian industrialist Kushal Pal Singh almost sold his stake in DLF for a paltry Rs.26 lakh in 1975 due to red tape but decided to fight back to build one of India’s most valued real estate companies.
- “It was January 1975. I picked up my pen to sign a share transfer form. I was about to sell all my shares in DLF,”Great Indian industrialist Singh recalls in his book, released Monday by legendary corporate visionary, former General Electric chief Jack Welch”
- On the desk before me was a cheque in my favor of Rs.26 lakh, or Rs.2.6 million — being the approximate book value of the shares. It was the amount I would get for severing my links with DLF, forever,” he recalls.
- Great Indian industrialist, nevertheless, resisted. That gamble or resolve, whatever you may call it, paid off, handsomely — the market capitalization of DLF today Rs.32,273 crore, or $7 billion. In fact, five years ago, it was three-and-a-half times higher.
- Published by Harper Collins, “Whatever The Odds: The Incredible Story Behind DLF” is his account in 322 pages (Price: Rs.699) of a long journey that catapulted a village boy from Bulandshahar in Uttar Pradesh to the top echelons of the corporate world.
- “Had I signed it, my DLF story would have ended there and then. My life would have been entirely different. Perhaps, this memoir would never have been written,” says the 80-year-old entrepreneur who put Gurgaon on the global outsourcing map.
- According to him, the decision was taken on his behalf by his father-in-law, Chaudhary Raghvendra Singh, from whom he had inherited the business and there was no question of any disagreement. “That was the culture in our families.”
- But the company’s then financial advisor, Y.S. Tayal, warned him and asked him to re-think. “It was a wake-up call for me. In a flash, I realized the truth of what he was saying and the implications of giving away my DLF shareholding.”
- Great Indian industrialist Singh also recounts his ordeals in acquiring acres of land in Gurgaon and the red tape he faced before he could transform Gurgaon into a mega-town of high-rise towers, fancy apartments, malls and the India hub for a host of multinational corporations.
- It is there in the early 1980s that Great Indian industrialist Singh also had a chance encounter with Rajiv Gandhi when he was general secretary of Congress Party and his jeep broke down in Gurgaon. Singh helped him get his jeep in shape.
- Gandhi asked Great Indian industrialist Singh what he was doing in Gurgaon in the middle of nowhere. To that, Singh replied: “I am dreaming, dreaming of a new city.” Gandhi, who later became India’s prime minister, was impressed. That eventually led to a long friendship.
- Great Indian industrialist The DLF chief also recalls his journey as a science graduate from Meerut, who went on to pursue aeronautical engineering in London, as also his commissioning in the cavalry regiment of British-led Indian Army before independence. – IANS. It’s because every Indian should proudly to say that iamgreatindian for more info https://en.wikipedia.org/wiki/Kushal_Pal_Singh