Awards, disputes and challenges...

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...mark the life & times of our newsmakers in this edition!

The fortnight that just passed by was another eventful one for India Inc. There were many names from corporate India that made it to the headlines of pink dailies. Some names bespoke achievements; some more were drenched in controversy; while others faced the challenge of a lifetime. Here are a few who made it to the 4Ps B&M list of newsmakers, this fortnight. It was not only an honour for the man himself, but also one of the most memorable moments for India Inc. Even as BusinessWeek ranked Azim Premji, the Chairman of Wipro, as the ‘world’s greatest entrepreneur of all time’, corporate India clapped hard for him. One of the architects of the Indian IT revolution, Premji has made Wipro Ltd. a force to reckon with. The only person from India, Premji got a place of pride amongst the likes of Bill Gates, Michael Dell, Steve Jobs and others. Premji, a 2005 Padma Bhushan recipient, has also received many other awards and accolades like being featured in the list of “world’s 25 billionaires, who changed lives of people” (Financial Times); and to the Time magazine’s prestigious list of 100 most influential people; to name a few.

Then there’s Mukesh Ambani, the chairman of Reliance Industries Limited, who finally managed to pull off the approval for his SEZ and also ended up in a controversy over his proposed ultra extravagant family home. The multi-product Navi Mumbai SEZ, promoted by Mukesh Ambani, finally got a conditional nod after two deferrals. Then again, the elder Ambani was seen making headlines as he ran into trouble with the Mumbai authorities over the legitimacy of the sale of the land, on which he plans to build a lavish family home. Mukesh, a Master of Business Administration from Stanford University, is the world’s 14th richest person with a net worth of $20.1 billion (Forbes list, 2007).

Last but not the least, with IT giant Infosys reeling under the pressures of the appreciating rupee, the new CEO of the company, S. Gopalakrishnan was also one of the most quoted names in corporate India last fortnight. A rising rupee, which works against exports, has severely dented IT exports from India, and it obviously reflects on the results of Infosys. The consolidated profits of the company saw a quarter-onquarter decline of 5.7%. These numbers have thrown up a big challenge for the recently appointed CEO, who has succeeded the legendary Nandan Nilekani. Definitely, these are testing times for Gopalakrishnan, and that too at the start of his CEO career. How efficiently the former Chief Operating Officer of Infosys handles the situation, will be manifest in times to come. But as the saying goes, ‘when the going gets tough, the tough gets going’, it’s only a matter of time before these stalwarts of India Inc. overcome the challenges they face and emerge with flying colours. 4Ps
Edit Bureau: Bikram Keshari Jena

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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