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Early career
Dhirubhai Ambani was one of the sons of Hirachand Gordhanbhai
Ambani, a village school teacher belonging to the Modh community
and Jamnaben Ambani and was born in Chorwad, Junagadh
district, Gujarat. Dhirubhai married Kokila, and they had four
children; Mukesh Ambani, Anil Ambani, Nina Bhadrashyam
Kothari and Dipti Dattaraj Salgaocar. He migrated to the then
British colony of Aden at age 17 where his brother was working. He
initially served as a clerk at A. Besse & Co., which then was the
largest transcontinental trading firm east of Suez. He worked as a
employer in Yemen, then came to India with ₹50000 and started a
textile trading company in 1958.
The Bear Cartel was acting on the belief that the Bulls would be
short of cash to complete the transactions and would be ready for
settlement under the "Badla" trading system operative in
the Bombay Stock Exchange. The bulls kept buying and a price
of ₹ 152 per share was maintained until the day of settlement. On
the day of settlement, the Bear Cartel was taken aback when the
Bulls demanded a physical delivery of shares. To complete the
transaction, much money was provided to the stock brokers who had
bought shares of Reliance, by Dhirubhai Ambani. In the case of
non-settlement, the Bulls demanded an Unbadla, or penalty sum,
of ₹ 35 per share. With this, the demand increased and the shares of
Reliance shot above ₹ 180 in minutes. The settlement caused an
enormous uproar in the market.
After this incident, many questions were raised by his detractors and
the press. Not many people were able to understand how a yarn
trader until a few years ago was able to get in such a huge amount of
cash flow during a crisis period. The answer to this was provided by
the then finance minister, Pranab Mukherjee in the Parliament. He
informed the house that a Non-Resident Indian had invested up
to ₹ 220 million in Reliance during 1982–83. These investments
were routed through many companies like Crocodile, Lota and
Fiasco. These companies were primarily registered in Isle of Man.
All the promoters or owners of these companies had a common
surname Shah. An investigation by the Reserve Bank of India in the
incident did not find any unethical or illegal acts or transactions
committed by Reliance or its promoters.
Uday Kotak
Uday Kotak (born 15 March 1959) is an Indian billionaire banker,
and the executive vice chairman and managing director of Kotak
Mahindra Bank.
His two pastimes had been cricket and playing the sitar. In a 2014
interview with NDTV he admitted that he was no longer pursuing
his playing of the sitar.
Career
Kotak has reduced his stake in the Kotak Mahindra Bank to 30% as
of now, as he is required to bring it down to 20% as per RBI
directions.
In the year that Premji was born, his father founded Western Indian
Vegetable Products Ltd., which produced vanaspati, a widely used
hydrogenated shortening. Three years later colonial India was
partitioned into mainly Hindu India and Muslim Pakistan, but the
Premjis, a Muslim family, chose to remain in India. In 1966, just
before Premji was to complete his degree in engineering at Stanford
University, his father died unexpectedly. Postponing his graduation,
he returned to India to take the reins of the family business and
immediately began to diversify, delving into consumer products
such as soap, shoes, and light bulbs, as well as hydraulic cylinders.
Premji renamed the company Wipro in 1977, and in 1979, when the
Indian government asked IBM to leave the country, he began to
steer the company toward the computer business. Wipro established
a number of successful international partnerships in the 1980s to
help it build computer hardware for sale in India. It was software
development, however, that made the firm so lucrative. Premji built
a reputation for hiring the best people and providing them with
unparalleled training, and he took advantage of India’s large pool of
well-educated software developers who were willing to work for
much less money than their American counterparts. Wipro
concentrated on developing custom software for export, primarily to
the United States.
Dhirubhai Ambani
Dhirubhai Ambani, in full Dhirajlal Hirachand Ambani, (born
December 28, 1932, Chorwad, Gujarat, British India—died July 6,
2002, Mumbai, India), Indian industrialist who was the founder of
Reliance Industries, a giant petrochemicals, communications,
power, and textilesconglomerate that was the biggest exporter
in India and the first privately owned Indian company in
the Fortune 500.
Career
The initial enterprise which Nadar and his partners began was
Microcomp, a company which focused on selling teledigital
calculators in the Indian market. HCL was founded in 1976, with an
investment of Rs. 187,000.
Gautam Adani
Gautam Shantilal Adani (born 24 June 1962) is an
Indian billionaire industrialist who is the chairman and founder of
the Adani Group an Ahmedabad-based multinational conglomerate
involved in port development and operations in India. Adani is the
president of the Adani Foundation, which is primarily led by his
wife, Priti Adani.
Early life
Career
In 1996, the power business arm of the Adani Group – Adani Power
Limited was founded by Adani. Adani Power holds thermal power
plants with a capacity of 4620 MW, the largest private thermal
power producer of the country.
Philanthropy
Education
Community Health
Controversy
Ratan Tata
Ratan Tata, in full Ratan Naval Tata, (born December 28,
1937, Bombay [now Mumbai], India), Indian businessman who
became chairman (1991–2012 and 2016–17) of the Tata Group, a
Mumbai-based conglomerate.
In 2008 Tata oversaw Tata Motors’ purchase of the elite British car
brands Jaguar and Land Rover from the Ford Motor Company. The
$2.3 billion deal marked the largest-ever acquisition by an Indian
automotive firm. The following year the company launched the
Tata Nano, a tiny rear-engined, pod-shaped vehicle with a starting
price of approximately 100,000 Indian rupees, or about $2,000.
Although only slightly more than 10 feet (3 metres) long and about
5 feet (1.5 metres) wide, the highly touted “People’s Car” could seat
up to five adults and, in Tata’s words, would provide a “safe,
affordable, all-weather form of transport” to millions of middle- and
lower-income consumers both in India and abroad. In December
2012 Tata retired as chairman of the Tata Group. He briefly served
as interim chairman beginning in October 2016 following the ouster
of his successor, Cyrus Mistry. Tata returned to retirement in
January 2017 when Natarajan Chandrasekaran was appointed
chairman of the Tata Group.
Among many other honours accorded him during his career, Tata
received the Padma Bhushan, one of India’s most distinguished
civilian awards, in 2000.
Anand Mahindra
Early life
Career
Beyond Mahindra
Anand, along with Mukesh Ambani and Mahesh Samat, was the
co-founder EPIC, an Indian television channel in 2014 that
showcases Hindi content. In 2016, he became the sole owner after
both the co-founders sold their stakes to Mahindra.
Anand promotes arts & culture and has set up an awards platform
named Mahindra Excellence in Theater Awards and the Mahindra
Sanatkada Lucknow Festival, a crafts exhibition and performing
arts event held annually in Lucknow.
Charity
Career
Beyond Godrej
Social responsibility
Awards
Personal life
He was married to socialite and philanthropist, Parmeshwar
Godrej until her death in October 2016, and has three children. They
live in Malabar Hill, South Mumbai.
Aditya Puri
Prior to joining the Bank, Mr. Puri was the Chief Executive Officer
of Citibank, Malaysia from 1992 to 1994.
Mr. Puri has been the Managing Director of the Bank since
September 1994. Mr. Puri has over four decades of experience in the
banking sector in India and abroad.
The Bank has made good and consistent progress on key parameters
like balance sheet size, total deposits, net revenues, earnings per
share and net profit during Mr. Puri's tenure.
The rankings achieved by the Bank amongst all Indian banks with
regard to market capitalization, profit after tax and balance sheet
size remain amongst the top 10.
During his tenure Mr. Puri has led the Bank through two major
mergers in the Indian banking industry i.e. merger of Times Bank
Limited and Centurion Bank of Punjab Limited with HDFC Bank
Limited. The subsequent integrations have been smooth and
seamless under his inspired leadership. Mr. Puri continues to be the
Managing Director of the Bank.
Mr. Puri is a member of the following Committees of the Board of
the Bank.
Biography
He was born on 24 September 1862. His father, Manuel D’Abreo
had migrated to Sindh in 1846. Cincinnatus was married to Maggie
Gomes with whom he had five children, Joe, Maggie, Alfred,
Gwennie and Bill.
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Jason Fernandes
Early life
Career
Teenage years
College years
Vasantrao S. Dempo