the indian entrepreneur

7/29/2019 The Indian Entrepreneur

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The Indian Entrepreneur :

The Indian Entrepreneur Presented by ADARSH.R Shri Ghanshyam Das GD Birla (April 10, 1894 January 11,1983)

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Birla Family The Industrialist Public Career GD & Mahatma Achievements/ Contributions Awards / HonorsMemorial NEW ERA In Kerala Beyond business Ghanshyamdas Birla was a complex public figure, businessman,merchant, philanthropist, political figure, and builder of magnificent temples. He was deeply involved in the affairsof the Indian National Congress and was its most important benefactor. He challenged the colonial domination ofthe Indian economy and was an industrial pioneer whose initiatives helped create a climate in which Indianenterprise could flourish.

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Mr. G.P Birla Mr. C.K Birla Mr. K.K Birla Birla Family

Industrialist . :

Industrialist . Born on April 10, 1894, G.D. Birla, was a native of Pilani Birlas grandfather Sheth ShivnarayanBirla, a member of the Marwari community from the westerly state of Rajasthan ...... was a traditional Marwarimoneylender against pawned items The founder of the Birla Group was Baldeo Das Birla. He moved to Calcuttato set up the family business during the late nineteenth century, and with it established close ties to the freedommovement of the time

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At the age of 13, G.D was already carving out a career as a trader and broker in Gunny and Hessian in CalcuttaAs a broker, GD had to call on many British 'Burra Saheb'. The practice was that some benches the waiting roomwere reserved for the use of whites only. GD's spirit rebelled against the humiliation involve; he decided thatwould have his own Jute Mill. In Calcutta, he joined the Bengali terrorists. He was named among those wanted inthe Rodda conspiracy case to smuggle arms and went underground for three months.

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Ghanshyam Das Birla entered the business arena during the time of First World War . Besides opium and silver,they made a killing supply of jute bags and uniforms to the army when World War I broke out. They went intotextiles in a big way setting up mills across the country. He established a cotton mill in Sabzi Mandi, and later on

established Keshoram Cotton Mills. Along with cotton mills he diversified to jute business and shifted his base toCalcutta city in Bengal, the world's largest jute producing region. He established Birla Jute Mills in Bengal, muchto the consternation of established European merchants.

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In 1919, with an investment of Rs. 50 lakhs, the Birla Brothers Limited was formed and a mill was set up inGwalior. In 1930s, G.D. Birla set up Sugar and Paper mills. In 1940s, he ventured into the territory of cars andestablished Hindustan Motors(BM Birla). After independence, GD invested in tea and textiles through a series ofacquisitions of erstwhile European companies. He also expanded and diversified into cement, chemicals, rayonand steel tubes. death came to him in London on June 11, 1983 at the age of 89

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GD was consistent in his fight for the interests of the emerging Indian industrial capitalism. It was his prescriptionfor fiscal autonomy, that ensured full protection to Indian industry. He was in the forefront of the campaign againstthe government's currency policy. In the second round table conference, he worked hard against inclusionfinancial safeguards in what later became the Government of India Act of 1935.

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GD is one of the pioneers of Indian industrialisation. But he was more than just an industrialist, he was avisionary, a freedom fighter and much more. Birla's public career begins with his nomination to the BengalLegislative Council. G. D. Birla became a member of the Assembly in 1926 from Benares - Gorakhpurconstituency on the ticket of Madan Mohan Malaviya and Lala Lajput Rai's Nationalist Party. Public Career

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G.D. also became the chief spokesman of the Marwari community in the European-dominated Chambers ofCommerce and the Bengal assembly. In 1929, The government had brought before the assembly two Bills, thePublic Safety Bill and the Trades Disputes Bill. The Swarajists opposed them while the Bombay mill owners

supported them. After a wave of protests in 1929. G.D. felt that Lajpat Rai and his party would not be able todeliver the goods and he tilted towards the congress

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In the early thirties, G. D. went to England to influence those who were involved in making Indian policy. He keptGandhiji informed of the developments of England. G. D. enjoyed the trust of many Congress leaders. G.D had aparticularly close relation Sardar Patel, Jayprakash Narayan and Bidhan Chandra Roy. After the warG.D alongwith leading Indian industrialists went to England and America to arrange for a post-war economic collaboration

Acting as a mediator with the government on behalf of industry, he was the original lobbyist who established anexus between business and politicians.

GD came in contact with Mahatma Gandhi in 1916 and their association soonbecame very close. The Birlas are known for their work and support of the nationduring the freedom struggle, and the family were close friends of Mahatma Gandhi. :

GD came in contact with Mahatma Gandhi in 1916 and their association soon became very close. The Birlas areknown for their work and support of the nation during the freedom struggle, and the family were close friends ofMahatma Gandhi. GD & Mahatma As early as 1924 Gandhiji wrote to GD that he regarded him as one of hismentoras. He advised Gandhi on economic policies.

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In the thirties Gandhiji began to stay at Birla House whenever he was in Delhi. Tragically, it was at Birla Housethat Gandhiji was assassinated Gandhis room at Birla house My first meeting with Gandhiji was in 1916 ourcontact continued to the end of his life, a period of 32 years when he died in my house in Delhi. How did Icome in touch with him? The hidden hand of destiny, which works in an inscrutable manner, should alone becredited with this fortunate occurrence in my life." G.D. Birla,In the Shadow of the Mahatma

Achievements :

Achievements Laid the foundations of the Birla Empire GD was a delegate to the Second Round TableConference in London in 1931 He founded at Pilani the Birla Education Trust and Birla Institute of Technologyand Science, an autonomous body Founder of Indian Chambers of Commerce, Calcutta Founder of Federation

of Indian Chambers of Commerce and Industry (FICCI). (Established in 1927, FICCI is the largest and oldestapex business organisation in India.) First Indian to represent Indian employers at the International Labour


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Conference in Geneva. Mahadevi Birla Girls' Higher Secondary School was established in 1959 by the illustriousindustrialist Late G. D. Birla in the name of his wife Late Mahadevi Birla.

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Envisioning infrastructural development in his hometown, he founded the Birla Engineering College in Pilani,BITS Pilani. one of India's best engineering schools BITS came into being with the merger of Birla College of

Arts, Birla College of Engineering and the Birla College of Science, Commerce and Engineering in 1964. In itsearly years BITS had collaborated with Massachusetts Institute of Technology (MIT) .... due to this..... BITS stillretains that flavor of the American education system. http://www.bits-pilani.ac.in/ BITS Pilani (....deemeduniversity) GOA DUBAI HYDRABAD

Birla Haveli(Laxmi Narain Temple) :

Birla Haveli(Laxmi Narain Temple) One of Delhi's major temples and a major tourist attraction. Built by theindustrialist G. D. Birla in 1938, located in the west of Connaught Place.

Awards/Honours :

Awards/Honours In 1957, he was awarded Indias second highest civilian honour, the Padma Vibhushan by theGovernment of India.

Memorial :

Memorial In his honour, G.D. Birla Gold Medal award for scientific Research has been established to encouragescientists for their contribution in the various fields of scientific Research GD Birla International Award for RuralUpliftment There is a memorial to Ghanshyam Birla in Golders Green Crematorium, Hoop Lane, London

G.D.Birla Memorial School, Ranikhet, a premier residential school has also been eshtablished in his honor bySyt.B.K. Birla and is today one of the best residential schools in the nation.

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Postal Stamp Stamp Issue Date : 11/06/1984 The Life and Times of G D Birla" by Medha M. Kudaisya G.D. likedbeing backseat driver. Nehru heeded him for a while but then moved on to socialism. Indira took his money butnever his advice.

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GD Birla and BK Birla ran their businesses separately, the former began to take a keen interest in Aditya Birla. In1983, when GD Birla passed away, Aditya inherited many of his companies, including Hindalco and Grasim.

Aditya was only 40 then, but still commanded the respect of the managers of his grandfathers era NEW ERA.

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By 1994, it had manufacturing operations in five countriesThailand, Egypt, Malaysia, Indonesia and thePhilippines. In VSF(viscose staple fibre), the group was the worlds largest producer. In Malaysia, his PanCentury Edible Oils was the worlds largest. From 1969, Adityas first overseas venture was set up in Thailand toOctober 1995, the global revenues of his companies nearly equalled that of its Indian operations. In that sense, itcould be said that what GD Birla created in India, Aditya Birla equalled in South-East Asia. Perhaps the besttalent that Aditya ever incubated was Kumar Mangalam himself. Aditya groomed Kumar, just like he was

groomed by GD Birla.


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US $29.2 billion corporation Fortune 500 company 130,000 employees 25 different nationalities. Headquarteredin Mumbai. GLOBALLY A metals powerhouse, among the world's most cost-efficient aluminium and copperproducers. Hindalco-Novelis is the largest aluminium rolling company. It is one of the three biggest producers ofprimary aluminium in Asia, with the largest single location copper smelter No.1 in viscose staple fibre Fourth

largest producer of insulators Fourth largest producer ofcarbon black Eleventh largest producer of cement

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Among the world's top 15 BPO companies and among India's top three Among the most energy - efficientfertiliser plants INDIA A premier branded garments player Second largest player in viscose filament yarn Secondlargest in Chlor - alkali sector Among the top five mobile telephony players A leading player in Life Insurance and

Asset Management Among the top three supermarket chains in the Retail business

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Group companies :: Grasim Industries Ltd. :: Hindalco Industries Ltd. :: Aditya Birla Nuvo Ltd. :: UltraTechCement Ltd. Indian companies :: Aditya Birla Minacs IT Services Ltd. :: Aditya Birla Minacs Worldwide Ltd ::Essel Mining & Industries Ltd :: Idea Cellular Ltd. :: Aditya Birla Insulators :: Aditya Birla Retail Limited :: AdityaBirla Chemicals (India) Ltd Joint ventures :: Birla Sun Life Insurance Company :: Birla Sun Life AssetManagement Company :: Birla Sun Life Distribution Company Limited :: Tanfac Industries Limited

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Thailand :: Thai Rayon :: Indo Thai Synthetics :: Thai Acrylic Fibre :: Thai Carbon Black :: Aditya Birla Chemicals(Thailand) :: Thai Peroxide Philippines :: Indo Phil Group of companies :: Pan Century Surfactants Inc. Indonesia:: PT Indo Bharat Rayon :: PT Elegant Textile Industry :: PT Sunrise Bumi Textiles :: PT Indo Liberty Textiles ::PT Indo Raya Kimia Egypt :: Alexandria Carbon Black Company S.A.E :: Alexandria Fiber Company S.A.E China

:: Liaoning Birla Carbon :: Birla Jingwei Fibres Company Ltd. :: Aditya Birla Grasun Chemicals (Fangchenggang)Ltd. Canada :: A.V. Group Australia :: Aditya Birla Minerals Ltd. Laos :: Birla Laos Pulp & Plantations CompanyLimited North and South America, Europe and Asia :: Novelis Inc. Singapore :: Swiss Singapore OverseasEnterprises Pte Ltd. (SSOE) International companies Product review

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Beyond business The Aditya Birla Group is: :: Working in 3,700 villages :: Reaching out to seven million peopleannually through the Aditya Birla Centre for Community Initiatives and Rural Development, spearheaded by Mrs.Rajashree Birla :: Focusing on: health care, education, sustainable livelihood, infrastructure and espousing socialcauses :: Running 42 schools and 18 hospitals


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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 lifejourney 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" topilgrims 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 oilcompany. He returned to India in 1958 with Rs 50,000 and set up a textiletrading company.

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

Dhirubhai Ambani is credited with shaping India's equity culture, attractingmillions of retail investors in a market till then dominated by financial

institutions. Dhirubhai revolutionised capital markets. From nothing, hegenerated billions of rupees in wealth for those who put their trust in hiscompanies. His efforts helped create an 'equity cult' in the Indian capitalmarket. 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 globalmarkets, its high credit-taking in international markets limited only by India'ssovereign rating. Reliance also became the first Indian company to feature inForbes 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 pollconducted by The Times of India in 2000 voted him "greatest creator of wealth


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in the century".

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

Naryan Murthy

The first event occurred when I was a graduate student in Control Theory at IIT, Kanpur, in India.

At breakfast on a bright Sunday morning in 1968, I had a chance encounter with a famous

computer scientist on sabbatical from a well-known US university.

He was discussing exciting new developments in the field of computer science with a large group

of students and how such developments would alter our future. He was articulate, passionate and

quite convincing. I was hooked. I went straight from breakfast to the library, read four or five

papers he had suggested, and left the library determined to study computer science.

Friends, when I look back today at that pivotal meeting, I marvel at how one role model can alter

for the better the future of a young student. This experience taught me that valuable advice can

sometimes come from an unexpected source, and chance events can sometimes open new doors.

The next event that left an indelible mark on me occurred in 1974. The location: Nis, a border town between

former Yugoslavia, now Serbia, and Bulgaria. I was hitchhiking from Paris back to Mysore, India, my home town.

By the time a kind driver dropped me at Nis railway station at 9 p.m. on a Saturday night, the restaurant was

closed. So was the bank the next morning, and I could not eat because I had no local money. I slept on the

railway platform until 8.30 pm in the night when the Sofia Express pulled in.

The only passengers in my compartment were a girl and a boy. I struck a conversation in French with the young

girl. She talked about the travails of living in an iron curtain country, until we were roughly interrupted by some

policemen who, I later gathered, were summoned by the young man who thought we were criticising the

communist government of Bulgaria.

The girl was led away; my backpack and sleeping bag were confiscated. I was dragged along the platform into a

small 8x8 foot room with a cold stone floor and a hole in one corner by way of toilet facilities. I was held in that

bitterly cold room without food or water for over 72 hours.

I had lost all hope of ever seeing the outside world again, when the door opened. I was again dragged out

unceremoniously, locked up in the guard's compartment on a departing freight train and told that I would be

released 20 hours later upon reaching Istanbul. The guard's final words still ring in my ears -- "You are from a

friendly country called India and that is why we are letting you go!"

The journey to Istanbul was lonely, and I was starving. This long, lonely, cold journey forced me to deeply rethink

my convictions about Communism. Early on a dark Thursday morning, after being hungry for 108 hours, I was

purged of any last vestiges of affinity for the Left.

I concluded that entrepreneurship, resulting in large-scale job creation, was the only viable mechanism for

eradicating poverty in societies.


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Deep in my heart, I always thank the Bulgarian guards for transforming me from a confused Leftist into a

determined, compassionate capitalist! Inevitably, this sequence of events led to the eventual founding of Infosys

in 1981.

The Idea: One should have a clear, well-defined idea of the product/service he wants to sell.

Market value of the idea: One must have a basic level of confidence in the fact that the market

values your product and is willing to pay for it.

Team: One must have a team of complementary skillsets. A team may be composed of people

with varied skillsets but they must complement a common cause.

High Aspirations: Aim high and work hard for that.

Kiran Mazumdar Shaw

My small dream when I started was about starting a biotech company which was a pioneering concept. It wasabout running an R&D based business.I was excited about that as a scientist. I didn't know what was in store because I had nothing to benchmarkmyself against. When you are a pioneer, you don't know how big it can grow.So, when you start off, your dreams are very small. It is like, 'let me start a new sector based on biotech and R&Dand see how big I can make this business'. That is the way it started off, as a small dream.This dream was because of a rebound. I had actually wanted to take up a career and a job. When I didn't get a

job (as a brewer), I was quite happy to run a business that is equivalent to a job.As I stared building the company, I also started dreaming bigger and bigger. I would say my dream also grew biglike the company.Mazumdar Shaw started Biocon in 1978 form a rented garage space in Bangalore and with anintial investment of just Rs 10000. In the begining she had to face a varietyofproblems and challenges. Banks were not keen to give her loan because biotechnology was

a new field and women entrepreneurship was quite rare. She had a difficulttimefinding a workplace and convincing people tojoin her organization. Mazumdar Shaw washowever determined toovercome all entrepreneurial barriers and make her venture a hugesuccess.Biocon began as a industrial enzyme manufacturer and soon after that it started exporting toEurope and the US. Within a few years thebusinessstarted turning out to be aprofitable venture.Mazumdar Shaw always gave importance to reasearch and development activities for taking thecompany operations to new dimensions. Today, biocon has become a completely integrated, multimillion dollar, biopharmaceutical enterprise. Biocons went forIPO in 2004. The IPO was oversubscribed 33 times. Biocon wants to now establish a global presence and be one of the top tenbiotechnology companies in the world.
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