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At sixty, there are traces still of the slim and fair village belle Dhirubhai had married in a simple ceremony in Chorwad.
Business Maharajas (Penguin business)
At a time when the size of the PFY market was 6, tpa, Ambani built a 10, tpa plant with a built in provision for a further 15, tpa expansion. If each contractor were to write to the other and then to us, we would have wasted valuable time,” said Mukesh. According to Minhaz Merchant, founder-editor of Gentleman magazine and Busuness Barons, the matric-pass Dhirubhai has ‘an uncompromising commitment to quality and what could almost be called technological avarice— an obsession to be the first in India with the finest technology the world can offer’.
In the first breakthrough, investigative journalists discovered that the eleven companies had been registered in the Isle of Man, an international tax haven, between November and July and were owned by several Shahs, some related; others not. In a bid to make companies like Reliance actually pay taxes, Pranab Mukherjee, the then finance pigamal, announced in his budget that zero-tax companies would buskness to compulsorily pay tax on 30 per cent of their profits.
And he bought himself not ajeep but a Mercedes. And what about poramal like Kistian L. Be ahead of the tomorrows,” he kept telling his new team. Thus, for example, when he decided to manufacture polyester staple fibre inhe didn’t plan a medium size unit with the option to expand if the company did well.
If I had a ready product then I would not be at the mercy of other units in the industry, and I could ensure the quality of the products myself. Most lay persons at first believed that this decision was designed to help Maharajad.
To make the Tata group globally competitive is one of the priorities Ratan Tata, the head of India’s biggest business house, has set for himself.
BUSINESS MAHARAJAS Gita Piramal
Come on, let’s go to office. If I had all the time in the world, I would optimise.
Ambani was then thirty-four years old, Birla twenty-three. Ambani, whose name was said to be pirqmal acronym for ambition and money, was a proponent of backward integration. They said, “Out of two, if you can get one ready in a month, you will be lucky. That’s why acquisition stories are couched in military terminology.
Business Maharajas – Gita Piramal – Google Books
And for that, Ambani had to change the bureaucracy’s mindset and force it to review the licensing system. Sep 03, Sumeet Mahendra rated it liked it Shelves: In his climb to the top of the corporate ladder, Dhirubhai had already absorbed and adopted the two key strategies of self-reliance and speed.
He didn’t look down on consumers or take them for granted. If we can’t take care of our shareholders and employees and start worrying about the world, then that is hypocrisy. Dhirubhai once said, “I consider myself maharakas pathfinder. You have to sell your ideas to the government. Kapal Mehra’s name apparently had been on the shortlist.
BUSINESS MAHARAJAS Gita Piramal – PDF Drive
But, at the time, it was hard to raise the piffling Rshe needed to get into manufacturing, with sceptics outnumbering believers. Instead of being pushed around, Ambani neatly turned the tables on the Marwari. When the High Unit Value Scheme, came, we were manufacturing and exporting.
Hire good people, treat them well and delegate responsibility. Another set of businessmen felt that Reliance was an out-of-control monster, a bubble that would burst at any moment.
Huge capacities in a relatively underdeveloped’market put intense pressure on Reliance’s sales and marketing teams. How were they chosen? Want to Read saving…. According to De Mahaarajas, the South African diamond giant, Bharat and Vijay Shah are the world’s biggest diamantaires, annually cutting, polishing and marketing several billion diamonds. Gita Piramal is a freelance journalist with a doctorate in business history. Aug 16, Sajith Kumar rated it liked it Shelves: The companies had acquired Reliance snares after Ambani’s battle with the bears in May We used to hold fashior shows in Russia and in Poland and exported our fabrics.
Actually, the stage for this drama was set a few days earlier, on March 18, when a selling hysteria shocked the BSE. Despite the shorter hours and the 1 inevitable distancing, his is a crucial role, beyond that of a visionary and strategist. Why is it called Kabutarkhana?
Hirachand was the local schoolteacher in a village called Chorwad, in Junagadh district, Gujarat. India Penguin Books Ltd. They know about their customers.
Later he would buy two more, one each for his brothers. Over time, he integrated sideways into LAB linear alkyl benzene, used by detergent manufacturers mayarajas, into thermoplastics such as PVC poly vinyl chloridePiramql high density polyethyleneLDPE low density polyethylene, used by plastics processorsand then worked his way backwards through intermediates such as MEG mono ethylene glycolpara xylene and n-paraffin, to’ the basic raw material, ethylene and ultimately the source of petrochemicals, oil.
Both Reliance and Bajaj Auto are lean and owner-driven corporations, yet in terms of character, style, background — every mahaajas that countsmthere couldn’t be two more dissimilar chairmen than Dhirubhai Ambani and Rahul Bajaj.
Ambani, known better as Dhirubhai, was the first Indian industrialist to appreciate the ordinary investor and his needs.