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Business Leaders Who Changed the Indian Economy.docxgeeta

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Business Leaders Who Changed the Indian Economy -Geetha Vasudevan/II Year MBA/KCE “Good leaders make people feel that they're at the very heart of things, not at the periphery. Everyone feels that he or she makes a difference to the success of the organization. When that happens people feel centered and that gives their work meaning. --Warren G. Bennis Opening up of markets have given immense opportunities to the business leaders in India. Indian ITES and IT sectors have already proved their me
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  Business Leaders Who Changed the Indian Economy -Geetha Vasudevan/II Year MBA/KCE “ Good leaders make people feel that they're at the very heart of things, not atthe periphery. Everyone feels that he or she makes a difference to the success of the organization. When that happens people feel centered and that gives their work    meaning. --Warren G. Bennis Opening up of markets have given immense opportunities to the businessleaders in India. Indian ITES and IT sectors have already proved their mettle in theglobal economy and other Indian sectors are now been to follow their trend. Today,a new spirit of economic freedom is stirring India, bringing sweeping changes inits wake and unleashing the vast potential of the Indian economy. This augurs wellfor the continuation and progressive strengthening of investor friendly policies thathave created a sea of opportunities for domestic and foreign investors. The personalities who have made big differences to the Western region intheir own small way are driving out economic and social implications throughoutIndia. The Western region comprising Maharashtra, Gujarat and Goa havecaptured the opportunities for bringing about tremendous development. Acomplete makeover has pushed these states into the infra agenda. The contributiongiven by Mr. Vilasro Deshmukh has resulted in the huge developmental work in the country‟s financial capital. He is conscientious and has taken, up major initiatives to bring out „world class‟ infrastructure all over the state.   Herodotus rightly said “The destiny of man is his own soul.”   Undoubtedl y, the Maratha‟s strongman Mr. Sharad Pawar‟s politics maybaffle many of us. But the clear NCP leader has made his constituency a model fordevelopment. He is an intriguing politician of his time but epitomizes developmentat Baramati, his home turf by serving company giants to invest on craftiness anddevelopmental activities.  A man with a monologue on development ideas and achievements is Mr.Narendra Modi. Many in industy and the business community vouch for Mr. Modi‟s contribution to Gujarat. The single biggest change was in “ power reforms. ” His plan to bifurcate industry, domestic and agri consumers by providingelectricity to villages that partially contributes towards infra was the biggest nattyreward.The strategic polices to draw in more investors and to develop the state‟s industrial potential was displayed by Mr Degambar Kamat who represents G oa‟s new breed of politicians. A quick learner in the political ring, known for hisadministrative skills developed bodies to help industrialists and businessmen tohandle a number of issues. His keen interest lies in the promotion o f various SEZ‟S by adding only non polluting industries to the state.The media friendly face of Indian politics Mr. Praful Patel, Union Minsterfor Civil Aviation is all power set bagging some of the largest deals in just 3 yearsHe is a kind of man who never lose focus and accurately senses where the centre of gravity is. Mr. Patel flew a long mile to clinch at the top and eventually bagged themost lucrative portfolio,by buying dozens of aircrafts from Boeing and Airbus forthe overall development of Aviation industry. “ It is difficult, but not impossible, to conduct honest business ” like the Indiangiant Mukesh Ambani.For thousands of investors and entrepreneurs he is now theman with the Midas touch. Over the years, the company ventured further back, insearch of more value, petrochemicals, refining, oil and gas exploration andproduction. He is thinking of taking his projects globally through acquisitions. Oil industry pundits say, “T he east-west pipeline that is stated to start flowing gas bythis time next year will change the matrix for energy users. ” The recentacquisitions in Malaysia and Africa are forerunners to the unfolding of andacquisition-led strategy.For more than by mapping out a global foot print Mr.Anand Mahindra drew his group‟s success by matching India‟s emergence as an auto hub by creatingMahindra Systech. M&M has increased its focus in the western region. Apart fromits bread and butter, auto and farm equipment businesses, the group now has asolid presence in IT and Telecom services, Infrastructure and in financial services.  With the advanced growth, M&M sustains the economic and industrial momentumof the state.The reinvention of fortune whets by Bajaj Auto, gave greater presence in theauto segments, specialty in the personal mobility space. Rajiv Bajaj focuses onkeeping the total cost of ownership down and the four wheeler is a highly fuelefficient passenger car in collaboration with French car maker Renault.Mr. Bajaj iskeen on building the image of the company that makes the most expensive bikesfrom an image of a decade ago as the maker of the cheapest scooters. He followsan inside- out approach with the customers of the market on the whole.Well capitalized market players who practice disciplined innovation can helpcompanies and individuals achieve their financial goals, but they need to functionunder the watchful eyes of a fair and tough market regulators.Mr. MeleveetilDamodaran, Chairman, SEBI is working with global regulators to tackle moneylaundering and other illegal activates. He is keen to ensure that the retail investorsdo not end up getting short-charged in the process.Hemendra Kothari, chairman, DSP Merrill Lynch international represents thefourth generation of a family of prominent stock brokers and can be credited for having added Merrill Lynch to the company‟s map thereby transforming what wastraditional Indian brokerage house into a international investment banking andbroking company. The avenues they explored include private equity and assistingIndian corporate to expand internationally. He believes in a disciplined approach toinvesting based on fundamentals and valuations.The western Region has been a favored stamping ground of foreign investorsbecause of business conditions quality of governance and the manpower. Foreigninvestors have therefore sunk in large amounts of money to develop projects andthis has been done organically and through large acquisitions. India-born Mr. ArunSarin, CEO, Vodafone is playing in the global area by balancing friendly relations.Vodafone has brought in considerable handsets sourcing market but how it willcompete with the ubiquitous grey market is yet to be seen. The sooner Mr. Sarinlocalizer, the better it will be for his Indian customer  The range of capital, no doubt a key factor that drives entrepreneurship. Inthe region Mr. K.V Kamath, MD and CEO, ICICI bank contributed for bringing uphigh-end banking services to the common man and to the creation of a retaillending culture in India, he recognizes the importance of human capital in thecountry and hence he is all set to create a skill issue in India.While men may go and men may come, the enterprising ones figure out howto survive and fuel a thousand dreams for fellow citizens to follow. They haveshown the guts to follow their instinct and pull off the impossible. Our list of Chief  Ministers,businessmen,entrepreneurs,members of NGO‟s and bureaucrats have scaled  –  up successful businesses, and inspired several others to do the same.
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