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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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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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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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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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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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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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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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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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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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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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Then & Now
Government policies
Competition
Technology
Leader v/s Legend
Why should one read this book ?
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Thank You !!
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