business legends

8/14/2019 Business Legends

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Humble beginning

Primary education

Padma Vibhushan(1957)

Founder of FICCI, Indian Chamber ofCommerce

1983 : 200 companies, net assets : Rs2500 Cr

Hindalco, Grasim, Orient Paper,Century, Hindustan Motors, HT andmany more

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Pivotal Moments :

Quadrupled growth in World War-I

Minimal impact of post war recession

Rapid expansion during World War-II

Birth of Hindalco 1977 : Overtook Tata as largest Indian Businesshouse

Setbacks :

Obstacles created by British and Scot businesses

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4/15

Highly adaptable and alert

Opportunistic

Not averse to risks

Strict adherence to schedule Active involvement in Politics

Followed 3 main principles

Support to kin of employees

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5/15

Father was smalltime money lender

Minimal education

First break in 1903

1919 : Foray into shipping 1903 : Started with Rs 80,000

1953 : Multiple companies, Rs 70 Cr

Many firsts in Indian industry

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6/15

Pivotal Moments : Involved in many engineering feats

(bridges,tunnels etc) First Car factory in India (Premier Automobiles)

Setbacks : Nationalisation of aircraft factory(HAL)

Takeover of Car factory by Birlas

Lost control of Shipping company

Had little assets at time of death

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7/15

Over emphasis on discipline

Highly patriotic

Staunchly against charity

Workaholic

Business was not only about profit

Mr Right Away Now

Highly ambitious Less attention to detail

Risk taker

Worker welfare

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8/15

Family was into textile business

High school educated

Started as an assistant to timekeeper

1931 : Founded Arvind mills

1948 : Chairman of ECMF

Director of RBI(1937-1949)

Padma Bhushan(1968) 1912 : Started with Rs. 55000

1969 : 18th place, assets worth Rs. 51.20 Crores

1977 : Retired

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Pivotal Moments :

1918 : Fought for mill owners 1924 : Reduced excise on cotton textiles

Supported the Quit India movement

Setbacks : Business reputation was damaged in 1948

Strikes in mills(1918,1933)

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10/15

Extremely punctual

Believed in ethics

Practiced Yoga

Interest in architecture(IIM-A,ICICI HQ,RBI HQ)

Uninterested in fame

Frugal with money

Always invested in new technology Promoted his region

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11/15

Half French, served in French Army

Educated at Cambridge univ

Proven performer 1925-1938

1938 : Chairman of Tata 1938 : 15 companies, Rs 280 Cr

1993 : 50 manufacturing,100+ othercompanies, Rs 15000 Cr

2nd

Businessman to be awarded BharatRatna(1991)

Tisco, AI,AI intl, Lakme, Telco,Tata-Finlay,Titan, Tata McGraw Hill and manymore

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12/15

Pivotal Moments : Tisco during World War II

Relationship with Nehru/Indira and Congress 1957 : Tisco Strike

Rise of Telco

Establishment of Tata as cutting edge

G. Fernandes Tisco nationalisation proposal

Establishment of Personnel department

Setbacks : Oil/Soap/Textile suffered

Nationalisation of Air India

Succession problem

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13/15

Visionary Strong belief in ethics (never paid a bribe) Always spoke his mind

Appointed the right people Practiced democratic approach Stress on innovation (Tatanagar,Tisco,PD etc) Did not give preference to family Curious, attentive to minor details 70 hour week Extreme attention to punctuality Fitness freak Had many hobbies(flying,reading,horse riding etc)

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14/15

Then & Now

Government policies

Competition

Technology

Leader v/s Legend

Why should one read this book ?

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15/15

Thank You !!

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