JRD Tata

JRD Tata Biography

Born: July 29, 1904
Died: on November 29, 1993
Achievements: He had the honor of being India's first pilot; was Chairman of Tata & Sons for 50 years; launched Air India International as India's first international airline; received Bharat Ratna in 1992.

JRD Tata was one of the most enterprising Indian entrepreneurs. He was a pioneer aviator and built one of the largest industrial houses of India.

JRD Tata was born on July 29, 1904 in Paris. His mother was a French, while his father was Parsi. JRD's full name was Jehangir Ratanji Dadabhoy Tata and he was popularly known as Jeh to his friends. JRD's father Ratanji Dadabhoy Tata and Sri Jamsetji Tata shared their greatness from the same great-great-grandfather, Ervad Jamsheed Tata, a priest of Navsari.

JRD Tata was the second of four children. He was educated in France, Japan and England before being drafted into the French army for a mandatory one-year period. JRD wanted to extend his service in the forces but destiny had something else in store for him. By leaving the French army JRD's life was saved because shortly thereafter, the regiment in which he served was totally wiped out during an expedition in Morocco.

JRD Tata joined Tata & Sons as an unpaid apprentice in 1925. He has great interest in flying. On February 10, 1929, JRD became the first Indian to pass the pilot's examination. With this distinctive honor of being India's first pilot, he was instrumental in giving wings to India by building Tata Airlines, which ultimately became Air India. His passion for flying was fulfilled with the formation of the Tata Aviation Service in 1932.

In 1938, at the age of 34, JRD was elected Chairman of Tata & Sons making him the head of the largest industrial group in India. He started with 14 enterprises under his leadership and half a century later on July 26, 1988, when he left , Tata & Sons was a conglomerate of 95 enterprises which they either started or in which they had controlling interest.

JRD was the trustee of Sir Dorabji Tata Trust from its inception in 1932, which remained under his wings for over half a century. Under his guidance, this Trust established Asia's first cancer hospital, the Tata Memorial Center for Cancer, Research and Treatment, Bombay, 1941. It also founded the Tata Institute of Social Sciences, 1936 (TISS), the Tata Institute of Fundamental Research, 1945 (TIFR), and the National Center for Performing Arts.

In 1948, JRD Tata launched Air India International as India's first international airline. In 1953, the Indian Government appointed JRD as Chairman of Air-India and a director on the Board of Indian Airlines-a position JRD retained for 25-years. For his crowning achievements in Aviation, JRD was bestowed with the title of Honorary Air Commodore of India.

In 1956, JRD Tata initiated a program of closer "employee association with management" to give workers a stronger voice in the affairs of the company. He firmly believed in employee welfare and espoused the principles of an eight-hour working day, free medical aid, workers' provident scheme, and workmen's accident compensation schemes, which were later, adopted as statutory requirements in India.

JRD Tata cared greatly for his workers. In 1979, Tata Steel instituted a new practice; a worker is deemed to be "at work" from the moment he leaves home for work till he returns home from work. The company is financially liable to the worker if any mishap takes place on the way to and from work. Tata Steel Township was also selected as a UN Global Compact City because of the quality of life, conditions of sanitation, roads and welfare that were offered by Tata Steel.

JRD Tata received a number of awards. He received the Padma Vibhushan in 1957 on the eve of silver jubilee of Air India. He also received the Guggenheim Medal for aviation in 1988. In 1992, because of his selfless humanitarian endeavors, JRD Tata was awarded India's highest civilian honor, the Bharat Ratna-one of the rarest instances in which this award was granted during a person's lifetime. In the same year, JRD Tata was also bestowed with the United Nations Population Award for his crusading endeavors towards initiating and successfully implementing the family planning movement in India, much before it became an official government policy.

JRD Tata died in Geneva, Switzerland on November 29, 1993 at the age of 89. On his death, the Indian Parliament was adjourned in his memory-an honor not usually given to persons who are not Members of Parliament.

http://us.rediff.com/money/2004/aug/19tata.htm

Subhash Chandra- Zee Telefilms

Achievements: Chairman of Godrej Group

Adi Godrej is one of the icons of Indian Industry. He is the chairman of Godrej Group. .Adi Godrej was born in a business family. His father's name was Burjorji Godrej and his mother's name was Jai Godrej. More than a century age, the Godrej's were into manufacturing locks and vegetable-based soaps. The Godrej products were among the first indigenously manufactured products to displace entrenched foreign brands.

Adi Godrej left India at the age of 17 to enroll at the Massachusetts Institute of Technology. Though he planned to study mechanical engineering but he later on switched to management. After his return to India, Adi Godrej joined the family business. He modernized and systematized management structures and implemented process improvements. Adi Godrej took the Godrej Group to great height during controlled economy era.

After the liberalization process, Adi Godrej restructured company's policies to meet the challenges of globalisation. In the early 2000s, the Group completed a 10-year restructuring process through which each business became a stand-alone company with a CEO/COO from outside the Godrej family.

Under Adi Godrej's leadership, the group is also involved in philanthropic activities. Godrej is major supporter of the World Wildlife Fund in India, it has developed a green business campus in the Vikhroli township of Mumbai, which includes a 150-acre mangrove forest and a school for the children of company employees.

Adi Godrej-Chairman Godrej Group

Achievements: Chairman of Godrej Group

Adi Godrej is one of the icons of Indian Industry. He is the chairman of Godrej Group. .Adi Godrej was born in a business family. His father's name was Burjorji Godrej and his mother's name was Jai Godrej. More than a century age, the Godrej's were into manufacturing locks and vegetable-based soaps. The Godrej products were among the first indigenously manufactured products to displace entrenched foreign brands.

Adi Godrej left India at the age of 17 to enroll at the Massachusetts Institute of Technology. Though he planned to study mechanical engineering but he later on switched to management. After his return to India, Adi Godrej joined the family business. He modernized and systematized management structures and implemented process improvements. Adi Godrej took the Godrej Group to great height during controlled economy era.

After the liberalization process, Adi Godrej restructured company's policies to meet the challenges of globalisation. In the early 2000s, the Group completed a 10-year restructuring process through which each business became a stand-alone company with a CEO/COO from outside the Godrej family.

Under Adi Godrej's leadership, the group is also involved in philanthropic activities. Godrej is major supporter of the World Wildlife Fund in India, it has developed a green business campus in the Vikhroli township of Mumbai, which includes a 150-acre mangrove forest and a school for the children of company employees.

Dhirubhai Ambani-Reliance

Born: December 28, 1932
Died: July 6, 2002
Achievements: Dhiru Bhai Ambani built India's largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list

Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.

Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling "bhajias" to pilgrims in Mount Girnar over the weekends.

After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company.

Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built India's largest private sector company, Reliance India Limited, from a scratch. Over time his business has diversified into a core specialisation in petrochemicals with additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics.

Dhirubhai Ambani is credited with shaping India's equity culture, attracting millions of retail investors in a market till then dominated by financial institutions. Dhirubhai revolutionised capital markets. From nothing, he generated billions of rupees in wealth for those who put their trust in his companies. His efforts helped create an 'equity cult' in the Indian capital market. With innovative instruments like the convertible debenture, Reliance quickly became a favorite of the stock market in the 1980s.

In 1992, Reliance became the first Indian company to raise money in global markets, its high credit-taking in international markets limited only by India's sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list.

Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him "greatest creator of wealth in the century".

Dhirubhai Ambani died on July 6, 2002, at Mumbai.

Warren Buffet

Warren Buffett


He is a known as the most successful investor who single-handedly turned the fortune of his small company and made it a giant investment vehicle. Forbes lists him as one of the richest man in the world and is often referred to as ‘Oracle of Omaha’. Warren Buffett’s life is an extraordinary story of determination, will power and the right vision of success. For the billionaire that he is, Buffett leads a very simple lifestyle, lives in a house he bought ages back and dresses up in normal clothes instead of big brand names. He contributed a huge sum of his fortune to the Bill and Melinda Gates Foundation in order to improve living conditions of poor people.

Warren Buffett was born on August 30th, 1930 in Omaha, Nebraska. Since a very young age, he displayed a keen interest and extraordinary talent in numbers and at the mere age of 11, he started buying shares in the stock market. Buffett brought three shares of Cities Service at $38 for himself and his older sister. The shares rebounded to $40 after falling to almost $27 and that was the time he sold them. However, after some time, the value rose to $200. He learnt one of the most important lessons of investment through this experience - Patience is a Virtue.

He graduated from high school but never wanted to go to college as such. On persistence from his father, he enrolled himself into the Wharton Business School. He stayed there for two years and then moved back home and got transferred to the University of Nebraska, teaching students twice his age. He tried to get into Harvard Business School, but got rejected because they thought he was too young! He moved to do a Master’s in Economics at Columbia University and there he found his mentor - Benjamin Graham.

After working here and there for sometime, he was offered to work for Benjamin Graham as a security analyst. His fortune rose to $140,000. Thereafter, he began his own company, ‘Buffet Partnership’ and increased his capital wealth to $300,000 by the end of the year. At that time, Berkshire Hathaway was a small textile company in which he had invested. This company was liquidated after sometime but the name was retained and was turned into an investment business.

Buffett became the chairman of the company and with time and persistence he tuned the small textile company into a giant investment vehicle that it is today. Buffett leads a very simple life considering his status. He absolutely loves Coca-Cola and burgers and is an ardent player of the game Bridge. Buffett is a very generous man and has donated huge sums of his fortune to many helpful foundations, the biggest sum going to the Bill and Melinda Gates Foundation. Checkout his time line as given below.

Warren Buffett Time Line
1930 - August 30th, Warren Buffett born in Nebraska, Omaha USA
1943 - Filed his first income tax return at the mere age of 13, deducting his bicycle as a work expense for $35
1945 - Spent $25 to purchase a used pinball machine. Owned three more machines from profits within months
1949 - Initiated into the Alpha Sigma Fraternity while pursuing his under-graduation at Wharton Business School at the University of Pennsylvania
1950 - Enrolled at Columbia Business School when he learnt that two famous analysts, Benjamin Graham and David Dodd taught there
1951 - Graduated from Columbia and tried to work with Graham for free but was rejected. Worked as a stockbroker for sometime and also took night classes for students in the University of Nebraska
1952 - Got married to Susan Thompson
1954 - Had their first child Howard Graham Buffett. Entered a partnership with Benjamin Graham and worked for a salary of $12,000 p.a.
1956 - Graham retires, ends partnership. Buffet saves over $140,000 and returns to Omaha and starts an investment partnership, Buffett Associates, Ltd.
1960 - Business grew; buffet had seven partnerships operating the entire year. 11 doctors agree to invest $10,000 each into his partnership.
1962 - Buffett’s partnership had in excess of $7,178,500 out of which $1,025,000 belonged to Buffett. Merges all partnerships into one. Discovers Berkshire Hathaway
1965 - Buffett’s partnerships begin to purchase Berkshire shares aggressively. Takes control of Berkshire Hathaway and names a new President (Ken Chace) to run the company.
1967 - Berkshire pays out its first and only dividend of 10 cents.
1969 - Buffet liquidates partnership and transfers the assets to his partners, including the shares of Berkshire
1973 - Berkshire begins to acquire stocks in Washington Post Company
1979 - Berkshire acquires stocks in ABC. Buffett’s net worth rocketed to $140 million. The year ended at $1310 in share trading sending his net worth to $620 million, placing him on the Forbes 400 for the first time
1988 - Buys stock in Coca-Cola for $1.02 billion, which turns out to be one of the most lucrative investments
2004 - Susan, his wife, dies
2006 - Buffet announced to give away 80% of his total fortune to five foundations, the largest contribution going to Bill and Melinda Gates Foundation
2007 - Buffett announced he is looking for a younger successor to run his business. Lou Simpson was chosen by Buffett for the role, though he is only six years younger!
2008 - Forbes announces Buffett as the richest man in the world

Malika Srinivasan - CEO Amalgamations Group

Economic Times Businesswoman of the year 2006, she is a well known entrepreneur of India. She has always strived hard to reach for skies, but has deeply rooted her foot into the ground. She is a strong headed woman, who is leading the activities of a Company that is involved in macho business such as tractor manufacturing. She has been able to rise and stand out above all others and make a name for herself in the competitive business world of today. Well, we are talking about Mallika Srinivasan, director of the Rs 2500 crore Amalgamations Group Tafe. Mallika Srinivasan is one of the most successful women CEOs in India. In this article, we will present you with the biography of Mallika Srinivasan, so read on…

Life History

Born on November 19, 1959 as the eldest daughter of industrialist A Sivasailam, she is the pride of her parents. She was always brilliant in academics. She did her in MA (econometrics) from Madras University. Thereafter, she went abroad to pursue further studies. She did her MBA from the Wharton School of the University of Pennsylvania. Married to Venu Srinivasan, the CMD of TVS Motor, she is living happily with their two children.

In the year 1986, she planned to join the family business. She was made the General Manager of Tafe (Tractors and Farm Equipment) Company. When she took over the responsibility of furthering the economic wealth and business, the turnover of the Company was Rs 85 cr. Under the expert guidance of her father and the whole hearted support of the team, she brought about a major transformation. She converted Tafe into a hi technology-oriented company, thereby becoming the initial choice of the farmers. There was a period, when the Company had to face a tough time, however; even then, the Company invested a huge amount of over Rs 70 crore in the designing and development of product.

At present, the Company is earning a business over Rs 1,200 cr. It has been a long journey for the Company, which has witnessed many ups and downs. But, it was the strong determination of this courageous woman that slowly and steadily made the firm climb the ladders of success. Today, the Company has not only found a niche for itself as the leading tractor manufacturer, but also expanded its area of operations. It has also entered into others businesses like engineering plastics, panel instruments, automotive batteries gears, hydraulic pumps, and farm implements.

The company has had a long alliance with Massey Ferguson, which is now a part of Agco. The company is looking forward to exporting fully constructed tractors to Agco. Presently, Agro has a stake of 24% in the company and the rest lies with Simpson & Co. Presently, Mallika Srinivasan is serving as the president of premier industrial bodies like Tractor Manufacturers Association and the Madras Management Association. She is the first lady to have assumed the role of a president of the Madras Chamber of Commerce and Industry. She is also a prominent member of the governing board of the Indian School of Business, Hyderabad.

Naina Lal Kidwai -MD HSBC

A prominent personality of the corporate world, she is the first woman to guide the functioning of a foreign bank in India. At present, she is working as the Group General Manager and Country Head of HSBC India. Well, we are talking about the corporate diva Naina Lal Kidwai. In this article, we will present you with the biography of Naina Lal Kidwai.

She was born in the year 1957. Raised in Mumbai and Delhi, she did her schooling from Simla. Alumna of Delhi University, she is the first Indian woman to have graduated from Harvard Business School. She is among the top business women of India, who have made it to the top with their constant hard work and sincerity. To know the complete life history of Naina Lal Kidwai, read on.

She began her career in the year 1982, when she joined the ANZ Grindlays Bank, which is now known as the Standard Chartered Bank. She took up a variety of banking assignments before moving to Morgan Stanley's India operation. She kept climbing the ladders of success. She played an important role in NYSE listing of Wipro. She was instrumental in facilitating the cellular phone services nationwide through a deal involving the Tatas and Birlas. Last November, she became the Managing Director of the HSBC bank.

In the year 2000, the Fortune magazine declared her as the third most powerful businesswoman in Asia. She is the mother of two children, who is maintaining a great balance between work and home. She is very fond of Indian classical as well as western music. She loves to go on trekking tours to the Himalayas. She is a nature lover, who has a keen interest in observing the wildlife. For her praiseworthy work, Naina Lal Kidwai has received many accolades. Her commendable work has been given due recognition by honoring her with the Padmashri award.