Vikas Pota on ten business icons in India
Amid jitters about uncertainty in the financial markets over the past 16 months, many investors have continued to look toward the BRIC countries — Brazil, Russia, India and China, which by 2050 are expected to be wealthier than most current major economic powers.
In all four countries, GDP has more than doubled since 1998, and in China and India it has trebled.
The Confederation of Indian Industry, a non-profit non-governmental, industry-led organisation, estimates India’s GDP growth rate at 6.1 per cent in 2009-10.
With those facts in mind, Vikas Pota, managing director of public affairs firm Saffron Chase, wrote “India Inc.”, a book about 10 global success stories he parallels with such powerful businessmen as Microsoft’s Bill Gates, News Corp’s Rupert Murdoch and Berkshire Hathaway’s Warren Buffett.
“The fact that the domestic Indian market is growing proves to be a major boon and safety net for Indian companies like Tata, who face the severe consequences of the slowdown in other parts of the world while their home market sees expansion,” Pota writes.
Among his subjects are key players in such firms as ICICI Bank, Biocon, Eros International, Infosys Technologies, Bharat Forge, HCL Technologies and Tata Consultancy Services.
“I included questions on their early days, their perspectives on what it takes to succeed, whether their Indian heritage played any role in their thinking or business achievements, and how those who lead family-owned businesses, members of what has been termed the ‘lucky sperm club,’ view their successes in years to come,” Pota explained to Reuters at his book launch in London.
Watch the video below or click on the headline and scroll down to find it.
The top 10 from the India Inc. website:
Founder of Zee TV, India’s first satellite channel. Known as a media baron who took on Rupert Murdoch and won.
Chairman of Bharat Forge, the world’s largest forgings company. Chairman of $2.4 billion Kalyani Group, of which Bharat Forge is the flagship company.
Chairman of ICICI Bank, India’s largest private bank. Total assets of $102 billion, 25 million customers worldwide, 1,520 branches around the world.
CEO of Eros International, India’s largest distributor of films and entertainment. With a film catalogue of 2,000 titles and 5,000 music videos, is passionate about using YouTube and other new-media opportunities to reach a larger global audience.
Kiran Mazumdar Shaw
Chairman of Biocon India, Asia’s largest biotechnology company, the world’s seventh largest biotech employer, with a presence in 75 countries. Formed her company in a garage after her preferred career as a master brewer hit a glass ceiling due to her gender.
Non-executive chairman & chief mentor of Infosys Technologies, a Bangalore-based global IT consulting firm. Murthy borrowed his share of the $250 start-up fund from his wife to found Infosys with six engineers in 1981. Today, the firm is worth billions.
Founder of HCL and Chairman and Chief Strategy Officer of HCL Technologies, India’s fourth largest IT company. Ranked along with Facebook by BusinessWeek in 2008 as one of the Top 5 most influential companies to watch globally.
Vice-chairman of Tata Consultancy Services, India’s largest software company with worldwide sales worth $5.7 billion per year and consultants in 170 offices across 50 countries.
Doubled profits as CEO of Ranbaxy, India’s largest pharma company, producing drugs whose patents have expired (generics) at lower cost. Made acquisitions which brought scale to Ranbaxy and resulted in its ascent to the global top 10 generics companies, with sales of $1.7 billion and exports to 150 countries.
Chairman of Suzlon Energy, the world’s third largest supplier of wind turbines and other wind power solutions. The firm is Asia’s largest wind turbine manufacturer, with a presence in 21 countries and five continents.