Wednesday, July 09, 2008

India Inc.’s Fantastic Five

Throughout this year, India Inc. scripted newer and better anecdotes. Undoubtedly, these five stood out – be it in terms of growth, strategy, M&As or the big ideas. These five good men (sorry, there are no women in this list) helped India, yet again, to be more recognised as an emerging economic superpower. These five simply shocked the world, and surprised Indians

Mukesh Ambani

“My wealth & your wealth are inevitably linked. If Reliance grows & India prospers, it matters little to me whether my personal fortunes are measured in billions or millions.”

Awards: ‘Global Vision’ 2007 Award for Leadership by US-India Business Council, & CNBC-TV18’s Outstanding Business Leader of the Year.

Strategy: Exports oil products to developed countries & this has been highly profitable for the company. Now, he is building the largest oil refinery in Asia. Plans to alter the retail landscape with Reliance Retail.

Acquisitions/Investments: Majority stake in Gulf African Petroleum & amalgamation of Indian Petrochemicals with Reliance Industries. Huge investments lined up for the development of various oil & gas blocks spread across the globe. A sum of $5-6 billion kept to expand the retail portfolio.

Controversies: Ongoing war with brother Anil. Reliance Retail faces opposition in states like UP, WB, and Orissa.
For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

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