At one time, we were scouting from different sources for booking tickets, accommodation, reservations and planning for a trip on the whole. Now, we can get all these at a click of a button. Thanks to Deep Kalra for making it happen through makemytrip.com.
The founder, the ever inspiring entrepreneur—Deep Kalra.
Early Days
Deep Kalra is from Delhi. His grandfather was into dry fruit business in Chandni Chowk. But his father was far away from that business. He believed in ideas of his own which inherited to his son- Deep Kalra.
Struggle for the Spark
Out of campus, Deep Kalra joined ABN AMRO. After a year or so he realized ‘Banking is not his cup of tea!’ There was the seed of a thought - it would be fun to do something of your own. But it remained a thought. After three years in banking and exploring various options in marketing, Deep Kalra chose to do something ‘crazy’.
He joined AMF Bowling, which pioneered the concept of bowling alleys in India. AMF had no operations in INDIA, so the job was in essence entrepreneurial. “India knew billiards, India didn't know pool. And India didn't know ten pin bowling, at all. The more he studied it, it's got to do well here!” AMF did set up a couple of hundred bowling alleys but bowling never quite became the “storm of the moment” that Deep Kalra wanted it to be. And there was a reason for it. The cost of real estate in India (even in 1995!) was just too high. Plus, the idea was probably ahead of its time as there were no malls and multiplexes.
Deep Kalra spent four years with AMF, and “really, really tried very hard to make it happen.” Although Deep Kalra worked for AMF as an employee, it was entrepreneurial for two reasons. The fixed salary component was low, it was based around bonuses and how much equipment you sold.
Read more:
http://sparks.wisdomjobs.com/27-deep-kalra.html
Saturday, March 10, 2012
Friday, December 18, 2009
Thursday, December 10, 2009
A Better India, A Better World
Through this book — a collection of 38 of his speeches made across the world — Murthy shows how values and good leadership can effectively bridge this demographic gap: “The only solution to the problem of poverty is to create jobs with good disposable incomes.” He believes entrepreneurs who convert ideas into jobs and wealth can help augment this process with help from the government. “Progress is based on dreams and requires change. Change requires learning. Education is about learning to learn,” he advises young graduates.
The speeches are divided into various topics like values, national issues, education, leadership challenges, corporate and public governance, corporate social responsibility and philanthropy, entrepreneurship, globalisation — and his baby, Infosys. It is a must-read for entrepreneurs who believe in creating new wealth legally and ethically, for anyone driven to improve the conditions in the country. Inspirational and aspiration-invoking, the book strives to infuse the same enthusiasm and set of values in its readers.
By: Sumana Guha Ray/ Forbes India
(Guha Ray is principal correspondent, Entrepreneur)
A Better India, A Better World; by N.R. Narayana Murthy; Allen Lane; 336 pages; Rs. 499 (hardback)
Reference: http://www.moneycontrol.com/news/lifestyle/a-better-indiaa-better-worldby-nr-narayana-murthy_429971.html
Wednesday, January 28, 2009
Dr. Anji Reddy K of Reddy labs
Dr. Reddy’s Laboratories Ltd. (Reddy's), founded in 1984 by Dr. K. Anji Reddy, has become India’s biggest pharmaceuticals company. Reddy had worked in the publicly-owned Indian Drugs and Pharmaceuticals Ltd. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas. The company more than 190 medications ready for patients to take, 60 active pharmaceutical ingredients, for drug manufacture, diagnostic kits, critical care and biotechnology products.
Reddy’s began as a supplier to Indian drug manufacturers, but it soon started exporting to other less-regulated markets – that had the advantage of not spend time and money on a manufacturing plant that that would gain approval from a drug licensing body such as the US’s Food and Drug Administration. Much of Reddy’s early success came in those unregulated markets, where process patents – not product patents – are recognized. With that money in the bank, the company could reverse engineer patented drugs from more developed countries and sell them royalty-free in India and Russia.
By the early 1990s, the expanded scale and profitability from these unregulated markets enabled the company to begin focusing on getting approval from drug regulators for their formulations and bulk drug manufacturing plants in moredeveloped economies. This allowed their movement into regulated markets such as the US and Europe.
By 2007, Reddy’s had six FDA-plants producing active pharmaceutical ingredients in India and seven FDA-inspected and ISO 9001 (quality) and [[International Organization for Standardization|ISO 14001 (environmental management) certified plants making patient-ready medications – five of them in India and two in the UK.
Revenue $1.5 Billion (MAY2007)
Net income $216 Million (MAY2007)
Employees 7,525
Reddy’s began as a supplier to Indian drug manufacturers, but it soon started exporting to other less-regulated markets – that had the advantage of not spend time and money on a manufacturing plant that that would gain approval from a drug licensing body such as the US’s Food and Drug Administration. Much of Reddy’s early success came in those unregulated markets, where process patents – not product patents – are recognized. With that money in the bank, the company could reverse engineer patented drugs from more developed countries and sell them royalty-free in India and Russia.
By the early 1990s, the expanded scale and profitability from these unregulated markets enabled the company to begin focusing on getting approval from drug regulators for their formulations and bulk drug manufacturing plants in moredeveloped economies. This allowed their movement into regulated markets such as the US and Europe.
By 2007, Reddy’s had six FDA-plants producing active pharmaceutical ingredients in India and seven FDA-inspected and ISO 9001 (quality) and [[International Organization for Standardization|ISO 14001 (environmental management) certified plants making patient-ready medications – five of them in India and two in the UK.
Revenue $1.5 Billion (MAY2007)
Net income $216 Million (MAY2007)
Employees 7,525
Wednesday, January 21, 2009
Anil Ambani
Anil Ambani (born June 4, 1959) is an Indian businessman. As of March 2007, he has a net-worth of US$ 18.2 billion, making him the 18th richest person in the world. His was the world's fastest-growing multi-billion-dollar fortune in percentage terms as his wealth tripled in 1 year.
Ambani is chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.
Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married with Tina Ambani(Munim) who was a well known Indian Actress in early 80's, and blessed with two sons: Jai Anmol and Jai Anshul.
The total investors' wealth in the four Anil Ambani Group firms -- Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore rupees, while total promoter holding is estimated at about Rs 87,000 crore. Anil's wealth comes mostly from his over 65 per cent stake in RCOM, which has a market cap of about Rs 1,03,000 crore. He also has over 50 per cent in RCL (market cap of Rs 24,000 crore), 35 per cent in REL (market cap of Rs 12,700 crore) and close to 54 per cent in RNRL, which has a market cap of about Rs 2,600 crore.
Ambani holds a Bachelor of Science degree from the University of Bombay and an MBA degree from The Wharton School at the University of Pennsylvania. Currently, he serves as a member of the Wharton Board of Overseers.
Ambani joined Reliance in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point. After which people regarded him as a Financial Wizard. He has steered the Reliance Group to its current status as India's leading textiles, petroleum,petrochemicals, power, and telecom company.
Anil was the member of Uttar Pradesh Development Council (This council has now been scrapped by Behen Maywati) He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar and a member of the Board of Governors of the Indian Institute of Technology, Kanpur. He is member of the Board of Governors, Indian Institute of Management, Ahmedabad.
He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha - Upper House, Parliament of India with the support of the Samajwadi Party. In March 2006, he resigned. Recently after his brother Mukesh Ambani he also has his name in the books of Trillionares.
His biggest prize from the filmdom though is considered to be his friendship with Amitabh Bacchan, yesteryear superstar. His another achievement is considered to be the takeover of Adlabs, the movie production to distribution to multiplex company that owns Mumbai's only dome theatre.
He drives a Range Rover and is known to be a fast car person.
Compiled by Raj, Ramesh & Ravi.
Ambani is chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%.
Reliance group is India's largest business house, founded by Anil's late father Dhirubhai Ambani (1938-2002). His mother is Kokilaben Ambani. He is married with Tina Ambani(Munim) who was a well known Indian Actress in early 80's, and blessed with two sons: Jai Anmol and Jai Anshul.
The total investors' wealth in the four Anil Ambani Group firms -- Reliance Communications (RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd (RNRL) has reached 1,42,384 crore rupees, while total promoter holding is estimated at about Rs 87,000 crore. Anil's wealth comes mostly from his over 65 per cent stake in RCOM, which has a market cap of about Rs 1,03,000 crore. He also has over 50 per cent in RCL (market cap of Rs 24,000 crore), 35 per cent in REL (market cap of Rs 12,700 crore) and close to 54 per cent in RNRL, which has a market cap of about Rs 2,600 crore.
Ambani holds a Bachelor of Science degree from the University of Bombay and an MBA degree from The Wharton School at the University of Pennsylvania. Currently, he serves as a member of the Wharton Board of Overseers.
Ambani joined Reliance in 1983 as Co-Chief Executive Officer and is credited with having pioneered many financial innovations in the Indian capital markets. For example, he led India's first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. He directed Reliance in its efforts to raise, since 1991, around US$2 billion from overseas financial markets; with a 100-year Yankee bond issue in January 1997 being the high point. After which people regarded him as a Financial Wizard. He has steered the Reliance Group to its current status as India's leading textiles, petroleum,petrochemicals, power, and telecom company.
Anil was the member of Uttar Pradesh Development Council (This council has now been scrapped by Behen Maywati) He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar and a member of the Board of Governors of the Indian Institute of Technology, Kanpur. He is member of the Board of Governors, Indian Institute of Management, Ahmedabad.
He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission. In June 2004, Anil was elected as an Independent Member of the Rajya Sabha - Upper House, Parliament of India with the support of the Samajwadi Party. In March 2006, he resigned. Recently after his brother Mukesh Ambani he also has his name in the books of Trillionares.
His biggest prize from the filmdom though is considered to be his friendship with Amitabh Bacchan, yesteryear superstar. His another achievement is considered to be the takeover of Adlabs, the movie production to distribution to multiplex company that owns Mumbai's only dome theatre.
He drives a Range Rover and is known to be a fast car person.
Compiled by Raj, Ramesh & Ravi.
Tuesday, January 20, 2009
Amartya Sen
Economist
Amartya Kumar Sen, son of Amita Sen and Ashutosh Sen, was born on 3rd November 1933 at Shantiniketan, West Bengal. He received his initial education at Shantiniketan and then Presidency College, Calcutta. He was exposed early on to the plight of the poor. As a 10-year old child, during the Bengal famine, he was shocked to see people dying of hunger on the streets of Calcutta yards away from shops stocked with food. Three years later in Dhaka a Muslim labourer was killed in communal riots outside his house. The traumatic incidents directed Sen to a relentless study of the economic mechanism underlying famines and poverty.
Amartya Sen joined Trinity College, Cambridge in 1953. He became the youngest chairman of the Department of Economics, Jadavpur University, at the age of 23. Between 1956-1998 he was Professor of Economics at various Universities in India and abroad.
Sen's contributions on welfare economics and definition of poverty in relation to development have offered a new philosophy and an alternative way to solid economic development. He was of the opinion that the World Bank system of ranking countries according to the GNP and saving rates was not enough and he helped to create the United Nations Human Development Index which has now become the most authoritative international source of welfare comparisons between countries. Some of his works include ' Choice of Techniques', ' Collective Choice and Social Welfare', 'Poverty and Famines', ' Development as Freedom' etc.
Sen is the sixth Indian to get the Nobel and the first Asian winner of the Economics Prize. Some of the honours to his credit are 'Indira Gandhi Gold Medal Award' of the Asiatic Society (1994), 'Nobel prize for Economics' (1998) for his work on ' The poorest people in Society', 'Eisenhower Medal' from USA (2000), 'Honorary Companion of Honour' from UK (2000). He also received 'Bharat Ratna', the highest civilian award in India. He has been honored with Honorary D.Litt degrees and fellowships of a large number of Indian and Foreign Universities and Institutes of repute. Now living in Cambride, Massachusetts with his third wife, an economic historian Emma Rothschild, this genius has spent a lifetime fighting poverty with analysis rather than activism.
Compiled by Raj, Ramesh & Ravi.
Amartya Kumar Sen, son of Amita Sen and Ashutosh Sen, was born on 3rd November 1933 at Shantiniketan, West Bengal. He received his initial education at Shantiniketan and then Presidency College, Calcutta. He was exposed early on to the plight of the poor. As a 10-year old child, during the Bengal famine, he was shocked to see people dying of hunger on the streets of Calcutta yards away from shops stocked with food. Three years later in Dhaka a Muslim labourer was killed in communal riots outside his house. The traumatic incidents directed Sen to a relentless study of the economic mechanism underlying famines and poverty.
Amartya Sen joined Trinity College, Cambridge in 1953. He became the youngest chairman of the Department of Economics, Jadavpur University, at the age of 23. Between 1956-1998 he was Professor of Economics at various Universities in India and abroad.
Sen's contributions on welfare economics and definition of poverty in relation to development have offered a new philosophy and an alternative way to solid economic development. He was of the opinion that the World Bank system of ranking countries according to the GNP and saving rates was not enough and he helped to create the United Nations Human Development Index which has now become the most authoritative international source of welfare comparisons between countries. Some of his works include ' Choice of Techniques', ' Collective Choice and Social Welfare', 'Poverty and Famines', ' Development as Freedom' etc.
Sen is the sixth Indian to get the Nobel and the first Asian winner of the Economics Prize. Some of the honours to his credit are 'Indira Gandhi Gold Medal Award' of the Asiatic Society (1994), 'Nobel prize for Economics' (1998) for his work on ' The poorest people in Society', 'Eisenhower Medal' from USA (2000), 'Honorary Companion of Honour' from UK (2000). He also received 'Bharat Ratna', the highest civilian award in India. He has been honored with Honorary D.Litt degrees and fellowships of a large number of Indian and Foreign Universities and Institutes of repute. Now living in Cambride, Massachusetts with his third wife, an economic historian Emma Rothschild, this genius has spent a lifetime fighting poverty with analysis rather than activism.
Compiled by Raj, Ramesh & Ravi.
Monday, January 19, 2009
Amar Bose
Born: 1929
Achievements: Founded Bose Corporation in 1929; Invented the 901(R) Direct/Reflecting(R) speaker system - one of the first stereo loudspeakers to utilize the space around them instead of reproducing sound as if in a vacuum; featured in 2006 Forbes Billionaires list.
Amar Bose is the founder of Bose Corporation and is known for his pioneering work in the field of acoustics. Bose speakers are world-famous for giving high-end performance despite their modest size.
Amar Gopal Bose was born in 1929 in Philadelphia, Pennsylvania. His father Nani Gopal Bose was a revolutionary freedom fighter who emigrated from Calcutta to escape British prosecution. Amar Bose was interested in electronics right from his childhood and used to make small electrical toys to supplement his family's income.
He did his schooling Abington Senior High School and graduated with a BS in Electrical Engineering from MIT in the early 1950s. He also completed his Ph.D. from MIT.
While doing graduation from MIT in 1950s, Amar Bose purchased a new stereo system. But he was disappointed with the performance of the speakers. Despite their impressive technical specifications, the speakers failed to reproduce the realism of a live performance. This led Bose to start working on stereo speaker. He aimed to design a speaker that would emulate the concert hall experience in the home. Amar Bose's early patents won him great respect within the industry. But Bose needed capital to do further research and begin production. Amar Bose received financial support from MIT professor Y. W. Lee and in 1964 he founded Bose Corporation.
In 1968, Amar Bose invented the 901(R) Direct/Reflecting(R) speaker system. They were one of the first stereo loudspeakers to utilize the space around them instead of reproducing sound as if in a vacuum. Bose's 901(R) speakers remained an industry benchmark for 25 years. Amar Bose also captured the car stereo market, with systems that transformed the on-the-road listening experience.
Today, Amar Bose has over two-dozen patents to his name. His products can be found in Olympics stadiums, the Sistine Chapel, NASA Space Shuttle, and the Japanese National Theatre. Amar Bose was also a professor of electrical engineering at MIT for many years until he retired in 2000.
Amar Bose featured on the 2006 Forbes Billionaires list with a personal wealth of $1.2 billion.
Compiled by Raj, Ramesh & Ravi.
Achievements: Founded Bose Corporation in 1929; Invented the 901(R) Direct/Reflecting(R) speaker system - one of the first stereo loudspeakers to utilize the space around them instead of reproducing sound as if in a vacuum; featured in 2006 Forbes Billionaires list.
Amar Bose is the founder of Bose Corporation and is known for his pioneering work in the field of acoustics. Bose speakers are world-famous for giving high-end performance despite their modest size.
Amar Gopal Bose was born in 1929 in Philadelphia, Pennsylvania. His father Nani Gopal Bose was a revolutionary freedom fighter who emigrated from Calcutta to escape British prosecution. Amar Bose was interested in electronics right from his childhood and used to make small electrical toys to supplement his family's income.
He did his schooling Abington Senior High School and graduated with a BS in Electrical Engineering from MIT in the early 1950s. He also completed his Ph.D. from MIT.
While doing graduation from MIT in 1950s, Amar Bose purchased a new stereo system. But he was disappointed with the performance of the speakers. Despite their impressive technical specifications, the speakers failed to reproduce the realism of a live performance. This led Bose to start working on stereo speaker. He aimed to design a speaker that would emulate the concert hall experience in the home. Amar Bose's early patents won him great respect within the industry. But Bose needed capital to do further research and begin production. Amar Bose received financial support from MIT professor Y. W. Lee and in 1964 he founded Bose Corporation.
In 1968, Amar Bose invented the 901(R) Direct/Reflecting(R) speaker system. They were one of the first stereo loudspeakers to utilize the space around them instead of reproducing sound as if in a vacuum. Bose's 901(R) speakers remained an industry benchmark for 25 years. Amar Bose also captured the car stereo market, with systems that transformed the on-the-road listening experience.
Today, Amar Bose has over two-dozen patents to his name. His products can be found in Olympics stadiums, the Sistine Chapel, NASA Space Shuttle, and the Japanese National Theatre. Amar Bose was also a professor of electrical engineering at MIT for many years until he retired in 2000.
Amar Bose featured on the 2006 Forbes Billionaires list with a personal wealth of $1.2 billion.
Compiled by Raj, Ramesh & Ravi.
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