July 6, 2021

Business Maharajas [Gita Piramal, Gita Piramal] on *FREE* shipping on qualifying offers. The inside track to India’s most powerful tycoons The. Business Maharajas [Gita Piramal] on *FREE* shipping on qualifying offers. Editorial Reviews. About the Author. Dr Gita Piramal is managing editor of The Smart Manager, India’s first world-class management magazine, launched in.

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Sheth, became the brains behind Reliance’s export strategy. She is married to industrialist Dilip G.

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So everybody goes into the temple, prays, comes out and throws chana to the pigeons. As an exporter, he had had to overcome the reluctance of foreign buyers worried about Indian companies and their unpredictable delivery schedules. Next door there’s a temple. Usmc has ha haL'” In shaping Reliance into a colossus, the largely self-taught Dhirubhai used his own brand of earthy, practical, bah ia brain aided by an inexhaustible desire for information.

After that interview, Dhirubhai turned reclusive. So Reliance’s first marketing manager was one Natwarlal Sanghvi who used to sell petroleum products. Ambani, known better as Dhirubhai, was the first Indian industrialist to appreciate the ordinary investor and his needs. He met every commitment on time, regardless of cost. Gita Piramal is a freelance journalist with a doctorate in business history.

The author has done a good job collating the information and presenting a complete picture of the personalities in the book.

Meanwhile, at Patalganga, a sleepy village seventy-one kilometres from Bombay which takes its name from the river on whose banks it is located, the polyester yarn plant was almost ready to go on pirramal and bills were pouring in. Despite the dip in profits, Ambani declared a 27 per cent dividend. 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.


Amazon Inspire Digital Educational Resources. India’s creaky postal department couldn’t cope with the number of share certificates, annual reports and other correspondence which Reliance entered into with its family of investors. People like Vijay Shah were very flamboyant, while Ram Prasad Goenka was reclusive to the point of not even divulging the names of books he was reading so as not to present an opportunity for others to gauge liramal personality!

Both books won the Delhi Management Association awards for their contribution to management thinking. Right from the beginning Ambani had an ambitious vision.

Business Maharajas by Gita Piramal

After setting up our plant, their business with India has grown-they’ve sold technology, to five joint sector projects. I don’t have any gurus. The next yearin addition to a 25 per cent dividend, Ambani issued bonus shares on a 3: Sir please send me the soft vy so that i can read this book.

Initially everybody was pessimistic, everybody I talked to said it’s difficult. At Patalganga, where Reliance acquired an area twenty times larger than necessary for the polyester filament yarn project, the villagers didn’t know what hit them.

Today his factories are the cheapest per unit manufacturers of their given products. He saw in it a way to improve his competitive position. Only when you put the value of time piraaml the bsuiness do you gel sound economics and then saturation almost always makes sense.

Book Review: Business Maharajas by Gita Piramal

That dictum-both parts of it mare also vital for speed. How did they thrive ny prosper even as others failed? License Raj and Congress are the culprits of destroying this country down to its roots. Their combined turnover runs into billions of dollars and they employ millions. If you think you’re going wrong you come back to me but go ahead and maharajad it.

Each year he beat his own record. Instead of creating a ‘safe’ capacity based on conservative demand projections, Ambani planned huge factories which from the beginning would be world-scale in capacity, cost ipramal quality standards— ven if local demand didn’t match or hadn’t yet reached such volumes. I learnt the hard way. According to Anal, “If we sked somebody to buy a hundred shares, he would back out nd buy ten instead.


Business Maharajas (Penguin business)

One of Goenka’s closest friends is Briju Babu, the tea baron. We assess the requirement precisely. His bank would advance loans against blue-chip Reliance shares after providing a 50 per cent margin.

Nanda, Rahul Bajaj and Keshub Mahindra were crowned before him. Although past globalization, India have changed a lot. Yes, but the third guiding principle of this volume is a focus not on the ranks of professional managers but on picking the best talent from family businesses. Ambani’s attention switched from spices to the textile trade. Preview — Business Maharajas by Gita Piramal. On the contrary, when local PSF production was 37, tpa and another 10, tonnes was being imported, Reliance applied for a licence of 45, tonnes, i.

You could call them stubborn, even bullheaded, and once an idea has germinated in their mind, they won’t give it up easily. We set up a control room to connect the site with the outside world. He also compared the business community to rats. Sip a cup of tea, drive to work, listen to music, build a house…and the chances are that in these and a myriad other ways you are using products that they manufacture or market. That’s 98 per cent of the work.

Srishti Gupta rated it really liked it Feb 18, Parekh, who as head of ICICI sanctioned Reliance’s first institutional loan, “Dhirubhai always spoke of international standards and sizes. Jamna had chosen Kokila for Dhirubhai and her judgement turned out to be faultless.

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