Monday, March 15, 2010
A Biography of Mukesh Ambani
Born: April 19, 1957Achievement: Chairman and Managing Director of Reliance Industries Limited, India's largest private sector company; Chosen as ET Business Leader of the Year 2006; Ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004. Mukesh Ambani is the face of new emerging India. He is the Chairman and Managing Director of Reliance Industries Limited, India's largest private sector company.Mukesh Ambani was born on April 19, 1957 in Mumbai. His father Dhirubhai Ambani was then a small businessman who later on rose to become one of the legends of Indian industry. Mukesh Ambani did his Bachelors in Chemical Engineering from University of Bombay and Masters in Business Administration from Stanford University, USA. Mukesh Ambani joined Reliance in 1981 and was the brain behind Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. During the process of backward integration, Mukesh Ambani led the creation of 51 new, world-class manufacturing facilities involving diverse technologies that raised Reliance's manufacturing capacities manifold. World's largest grassroots petroleum refinery at Jamnagar is the brainchild of Mukesh Ambani. He was also the incharge of Dhirubhai's dream project Reliance Infocomm. But after the split in the Reliance Empire, Reliance Infocomm went to his brother Anil Ambani. Mukesh Ambani is now planning to enter retail sector in a big way. He has plans to establish big retail stores all over the country. Recently, he also entered into an agreement with Haryana Government to establish a Special Economic Zone (SEZ) with an investment running into thousands of crores.Mukesh Ambani has many achievements and honours to his name. Mukesh Ambani was chosen as the ET Business leader of the Year 2006. He was ranked 42nd among the World's Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004. He was conferred the World Communication Award for the Most Influential Person in Telecommunications in 2004 by Total Telecom, October, 2004. Mukesh Ambani was also conferred the Asia Society Leadership Award by the Asia Society, Washington D.C., USA.
Wednesday, March 10, 2010
Jawaharlal Nehru
Jawaharlal Nehru (14 Nov 1889 - 27 May 1964), also known as Pandit Jawaharlal Nehru, was one of the foremost leaders of Indian freedom struggle. He was the favourite disciple of Mahatma Gandhi and later on went on to become the first Prime Minister of India. Jawahar Lal Nehru is widely regarded as the architect of modern India. He was very fond of children and children used to affectionately call him Chacha Nehru.Jawahar Lal Nehru was born on November 14, 1889. His father Motilal Nehru was a famous Allahabad based barrister. Jawaharlal Nehru's mother's name was Swaroop Rani. Jawaharlal Nehru was the only son of Motilal Nehru. Motilal Nehru has three daughters apart from Jawaharlal Nehru. Nehrus were Saraswat Brahmin of Kashmiri lineage. Jawaharlal Nehru received education in some of the finest schools and universities of the world. He did his schooling from Harrow and completed his Law degree from Trinity College, Cambridge. The seven years he spent in England widened his horizons and he acquired a rational and skeptical outlook and sampled Fabian socialism and Irish nationalism, which added to his own patriotic dedication.Jawaharlal Nehru returned to India in 1912 and started legal practice. He married Kamala Nehru in 1916. Jawahar Lal Nehru joined Home Rule League in 1917. His real initiation into politics came two years later when he came in contact with Mahatma Gandhi in 1919. At that time Mahatma Gandhi had launched a campaign against Rowlatt Act. Nehru was instantly attracted to Gandhi's commitment for active but peaceful, civil disobedience. Gandhi himself saw promise and India's future in the young Jawaharlal Nehru. Nehru family changed its family according to Mahatma Gandhi's teachings. Jawaharlal and Motilal Nehru abandoned western clothes and tastes for expensive possessions and pastimes. They now wore a Khadi Kurta and Gandhi cap. Jawaharlal Nehru took active part in the Non- Cooperation Movement 1920-1922) and was arrested for the first time during the movement. He was released after few months.Jawaharlal Nehru was elected President of the Allahabad Municipal Corporation in 1924, and served for two years as the city's chief executive. This proved to be a valuable administrative experience for stood him in good stead later on when he became the prime minister of the country. He used his tenure to expand public education, health care and sanitation. He resigned in 1926 citing lack of cooperation from civil servants and obstruction from British authorities.From 1926 to 1928, Jawaharlal served as the General Secretary of the All India Congress Committee. In 1928-29, the Congress's annual session under President Motilal Nehru was held. During that session Jawaharlal Nehru and Subhas Chandra Bose backed a call for full political independence, while Motilal Nehru and others wanted dominion status within the British Empire. To resolve the point, Gandhi said that the British would be given two years to grant India dominion status. If they did not, the Congress would launch a national struggle for full, political independence. Nehru and Bose reduced the time of opportunity to one year. The British did not respond. In December 1929, Congress's annual session was held in Lahore and Jawaharlal Nehru was elected as the President of the Congress Party. During that sessions a resolution demanding India's independence was passed and on January 26, 1930 in Lahore, Jawaharlal Nehru unfurled free India's flag. Gandhiji gave a call for Civil Disobedience Movement in 1930. The movement was a great success and forced British Government to acknowledge the need for major political reforms.When the British promulgated the Government of India Act 1935, the Congress Party decided to contest elections. Nehru stayed out of the elections, but campaigned vigorously nationwide for the party. The Congress formed governments in almost every province, and won the largest number of seats in the Central Assembly. Nehru was elected to the Congress presidency in 1936, 1937, and 1946, and came to occupy a position in the nationalist movement second only to that of Gandhi. Jawaharlal Nehru was arrested in 1942 during Quit India Movement. Released in 1945, he took a leading part in the negotiations that culminated in the emergence of the dominions of India and Pakistan in August 1947.In 1947, he became the first Prime Minister of independent India. He effectively coped with the formidable challenges of those times: the disorders and mass exodus of minorities across the new border with Pakistan, the integration of 500-odd princely states into the Indian Union, the framing of a new constitution, and the establishment of the political and administrative infrastructure for a parliamentary democracy.Jawaharlal Nehru played a key role in building modern India. He set up a Planning Commission, encouraged development of science and technology, and launched three successive five-year plans. His policies led to a sizable growth in agricultural and industrial production. Nehru also played a major role in developing independent India's foreign policy. He called for liquidation of colonialism in Asia and Africa and along with Tito and Nasser, was one of the chief architects of the nonaligned movement. He played a constructive, mediatory role in bringing the Korean War to an end and in resolving other international crises, such as those over the Suez Canal and the Congo, offering India's services for conciliation and international policing. He contributed behind the scenes toward the solution of several other explosive issues, such as those of West Berlin, Austria, and Laos.But Jawahar Lal Nehru couldn't improve India's relations with Pakistan and China. The Kashmir issue proved a stumbling block in reaching an accord with Pakistan, and the border dispute prevented a resolution with China. The Chinese invasion in 1962, which Nehru failed to anticipate, came as a great blow to him and probably hastened his death. Jawaharlal Nehru died of a heart attack on May 27, 1964.
Bill Gates
Born on October 28, 1955, Gates and his two sisters grew up in Seattle. Their father, William H. Gates II, is a Seattle attorney. Their late mother, Mary Gates, was a schoolteacher, University of Washington regent, and chairwoman of United Way International. Gates attended public elementary school and the private Lakeside School. There, he discovered his interest in software and began programming computers at age 13. In 1973, Gates entered Harvard University as a freshman, where he lived down the hall from Steve Ballmer, now Microsoft's chief executive officer. While at Harvard, Gates developed a version of the programming language BASIC for the first microcomputer - the MITS Altair. In his junior year, Gates left Harvard to devote his energies to Microsoft, a company he had begun in 1975 with his childhood friend Paul Allen. Guided by a belief that the computer would be a valuable tool on every office desktop and in every home, they began developing software for personal computers. In 1999, Gates wrote Business @ the Speed of Thought, a book that shows how computer technology can solve business problems in fundamentally new ways. The book was published in 25 languages and is available in more than 60 countries. Business @ the Speed of Thought has received wide critical acclaim, and was listed on the best-seller lists of the New York Times, USA Today, the Wall Street Journal and Amazon.com. Gates' previous book, The Road Ahead, published in 1995, held the No. 1 spot on the New York Times' bestseller list for seven weeks.Gates has donated the proceeds of both books to non-profit organizations that support the use of technology in education and skills developmentIn addition to his love of computers and software, Gates is interested in biotechnology. He sits on the board of ICOS, a company that specializes in protein-based and small-molecule therapeutics, and he is an investor in a number of other biotechnology companies.Philanthropy is also important to Gates. He and his wife, Melinda, have endowed a foundation with more than $21 billion to support philanthropic initiatives in the areas of global health and learning, with the hope that as we move into the 21st century, advances in these critical areas will be available for all people.Gates was married on Jan. 1, 1994, to Melinda French Gates. The couple has two children: a daughter, Jennifer Katharine Gates, born in 1996; and a son, Rory John Gates, born in 1999.
Warren Buffet
Warren Edward Buffett was born on August 30, 1930 to his father Howard, a stockbroker-turned-Congressman. The only boy, he was the second of three children, and displayed an amazing aptitude for both money and business at a very early age. Acquaintances recount his uncanny ability to calculate columns of numbers off the top of his head – a feat Warren still amazes business colleagues with today.
In 1947, a seventeen year old Warren Buffett graduated from High School. It was never his intention to go to college; he had already made $5,000 delivering newspapers (this is equal to $42,610.81 in 2000). His father had other plans, and urged his son to attend the Wharton Business School at the University of Pennsylvania. Buffett stayed two years, complaining that he knew more than his professors. When Howard was defeated in the 1948 Congressional race, Warren returned home to Omaha and transferred to the University of Nebraska-Lincoln. Working full-time, he managed to graduate in only three years.
Warren Buffett approached graduate studies with the same resistance he displayed a few years earlier. He was finally persuaded to apply to Harvard Business School, which, in the worst admission decision in history, rejected him as “too young”. Slighted, Warren applied to Columbia where famed investors Ben Graham and David Dodd taught – an experience that would forever change his life.
Ben Graham had become well known during the 1920’s. At a time when the rest of the world was approaching the investment arena as a giant game of roulette, he searched for stocks that were so inexpensive they were almost completely devoid of risk. One of his best known calls was the Northern Pipe Line, an oil transportation company managed by the Rockefellers. The stock was trading at $65 a share, but after studying the balance sheet, Graham realized that the company had bond holdings worth $95 for every share. The value investor tried to convince management to sell the portfolio, but they refused. Shortly thereafter, he waged a proxy war and secured a spot on the Board of Directors. The company sold its bonds and paid a dividend in the amount of $70 per share.
When he was 40 years old, Ben Graham published Security Analysis, one of the greatest works ever penned on the stock market. At the time, it was risky; investing in equities had become a joke (the Dow Jones had fallen from 381.17 to 41.22 over the course of three to four short years following the crash of 1929). It was around this time that Graham came up with the principle of “intrinsic” business value – a measure of a business’s true worth that was completely and totally independent of the stock price. Using intrinsic value, investors could decide what a company was worth and make investment decisions accordingly. His subsequent book, The Intelligent Investor, which Warren celebrates as “the greatest book on investing ever written”, introduced the world to Mr. Market – the best investment analogy in history.
Through his simple yet profound investment principles, Ben Graham became an idyllic figure to the twenty-one year old Warren Buffett. Reading an old edition of Who’s Who, Warren discovered his mentor was the Chairman of a small, unknown insurance company named GEICO. He hopped a train to Washington D.C. one Saturday morning to find the headquarters. When he got there, the doors were locked. Not to be stopped, Buffett relentlessly pounded on the door until a janitor came to open it for him. He asked if there was anyone in the building. As luck (or fate) would have it, there was. It turns out that there was a man still working on the sixth floor. Warren was escorted up to meet him and immediately began asking him questions about the company and its business practices; a conversation that stretched on for four hours. The man was none other than Lorimer Davidson, the Financial Vice President. The experience would be something that stayed with Buffett for the rest of his life. He eventually acquired the entire GEICO company through his corporation, Berkshire Hathaway.
In 1947, a seventeen year old Warren Buffett graduated from High School. It was never his intention to go to college; he had already made $5,000 delivering newspapers (this is equal to $42,610.81 in 2000). His father had other plans, and urged his son to attend the Wharton Business School at the University of Pennsylvania. Buffett stayed two years, complaining that he knew more than his professors. When Howard was defeated in the 1948 Congressional race, Warren returned home to Omaha and transferred to the University of Nebraska-Lincoln. Working full-time, he managed to graduate in only three years.
Warren Buffett approached graduate studies with the same resistance he displayed a few years earlier. He was finally persuaded to apply to Harvard Business School, which, in the worst admission decision in history, rejected him as “too young”. Slighted, Warren applied to Columbia where famed investors Ben Graham and David Dodd taught – an experience that would forever change his life.
Ben Graham had become well known during the 1920’s. At a time when the rest of the world was approaching the investment arena as a giant game of roulette, he searched for stocks that were so inexpensive they were almost completely devoid of risk. One of his best known calls was the Northern Pipe Line, an oil transportation company managed by the Rockefellers. The stock was trading at $65 a share, but after studying the balance sheet, Graham realized that the company had bond holdings worth $95 for every share. The value investor tried to convince management to sell the portfolio, but they refused. Shortly thereafter, he waged a proxy war and secured a spot on the Board of Directors. The company sold its bonds and paid a dividend in the amount of $70 per share.
When he was 40 years old, Ben Graham published Security Analysis, one of the greatest works ever penned on the stock market. At the time, it was risky; investing in equities had become a joke (the Dow Jones had fallen from 381.17 to 41.22 over the course of three to four short years following the crash of 1929). It was around this time that Graham came up with the principle of “intrinsic” business value – a measure of a business’s true worth that was completely and totally independent of the stock price. Using intrinsic value, investors could decide what a company was worth and make investment decisions accordingly. His subsequent book, The Intelligent Investor, which Warren celebrates as “the greatest book on investing ever written”, introduced the world to Mr. Market – the best investment analogy in history.
Through his simple yet profound investment principles, Ben Graham became an idyllic figure to the twenty-one year old Warren Buffett. Reading an old edition of Who’s Who, Warren discovered his mentor was the Chairman of a small, unknown insurance company named GEICO. He hopped a train to Washington D.C. one Saturday morning to find the headquarters. When he got there, the doors were locked. Not to be stopped, Buffett relentlessly pounded on the door until a janitor came to open it for him. He asked if there was anyone in the building. As luck (or fate) would have it, there was. It turns out that there was a man still working on the sixth floor. Warren was escorted up to meet him and immediately began asking him questions about the company and its business practices; a conversation that stretched on for four hours. The man was none other than Lorimer Davidson, the Financial Vice President. The experience would be something that stayed with Buffett for the rest of his life. He eventually acquired the entire GEICO company through his corporation, Berkshire Hathaway.
JRD Tata
Jehangir Ratanji Dadabhoy Tata (July 29, 1904-November 29, 1993) was a pioneer aviator and important businessman of India.
J.R.D. Tata was born in Paris, France, the son of Ratanji Dadabhoy Tata and his French wife Sooni nee Suzanne Briere. His father was a first cousin of Jamshetji Tata, a pioneer industrialist in India.
J.R.D. Tata was inspired by aviation pioneer Louis Bleriot. In 1929 Tata got the first pilot licence issued in India. he later came to be known as the father of Indian civil aviation. He founded India’s first commercial airline, Tata Airlines, in 1932, which in 1946 became Air India.
For decades, Tata directed the Tata Group of Companies, with major interests in many industries in India, including steel, engineering and electrical companies. He was famous for succeeding in business while maintaining high ethical standards – refusing to bribe politicians or use the black market.
He was awarded the Bharat Ratna in 1992 for his service to commerce and industry in the country. He died in Geneva, Switzerland in 1993 at age of 89. J. R. D. Tata was a Zoroastrian of Parsee (Persian) descent.
J.R.D. Tata was born in Paris, France, the son of Ratanji Dadabhoy Tata and his French wife Sooni nee Suzanne Briere. His father was a first cousin of Jamshetji Tata, a pioneer industrialist in India.
J.R.D. Tata was inspired by aviation pioneer Louis Bleriot. In 1929 Tata got the first pilot licence issued in India. he later came to be known as the father of Indian civil aviation. He founded India’s first commercial airline, Tata Airlines, in 1932, which in 1946 became Air India.
For decades, Tata directed the Tata Group of Companies, with major interests in many industries in India, including steel, engineering and electrical companies. He was famous for succeeding in business while maintaining high ethical standards – refusing to bribe politicians or use the black market.
He was awarded the Bharat Ratna in 1992 for his service to commerce and industry in the country. He died in Geneva, Switzerland in 1993 at age of 89. J. R. D. Tata was a Zoroastrian of Parsee (Persian) descent.
Azim Premji
Azim Hashim Premji, founder of Wipro Limited, India’s biggest and most competitive IT company based in Bangalore, was born on July 24th 1945 in Bombay. Premji was forced to leave his studies in computer science from Stanford University, California, USA at the age of 21 to take over the family business of vegetable oils when his father M.H. Premji, suddenly passed away in 1966. He has since after a gap of over thirty years completed his degree in Electrical Engineering.
The Amalner-based vanaspathi manufacturing company, the Western India Vegetable Product later became Wipro Products Ltd, Wipro Technologies and Wipro Corporation. Under Premji’s leadership Wipro embarked on an ambitious phase of expansion and diversification. The Company began manufacturing light bulbs with General Electric and other consumer products including soaps, baby care products, shampoos, powder etc. In 1975, Wipro Fluid Power business unit manufacturing hydraulic cylinders and truck tippers was started. But Premji’s ambitions did not stop there. In the 1980s Wipro entered the IT field, taking advantage of the expulsion of IBM from the Indian market in 1975. Thus, Wipro became involved in manufacturing computer hardware, software development and related items, under a special license from Sentinel. As a result, the $1.5 million company in hydrogenated cooking fats grew within a few years to a $662 million diversified, integrated corporation in services, medical systems, technology products and consumer items with offices worldwide.
The company’s IT division became the world’s first to win SEI CMM level 5 and PCMM Level 5 (People Capability Maturity Model) certification, the latest in quality standards. A large percentage of the company’s revenues are generated by the IT division. Wipro works with leading global companies, such as Alcatel, Nokia, Cisco and Nortel and has a joint venture in Medical Systems with General Electric company.
Premji’s story of success and prominence clearly shows how determination and perseverance, when coupled with knowledge, clear vision and proper planning, enable one to reach the peak of success and leadership. A straight forward person, he doesn’t believe in resorting to bribery or corruption to get things done and associates quality with integrity. He is an absolute workaholic and according to him work is the only way to success and survival in a competitive environment. A tough employer, he expects his employees to be competent and will not tolerate lies or deception from anyone.
Azim Hashim Premji finds himself in the Forbes Billionaire List 2000, placed in 41st position with a wealth of $ 6.4 billion. Over the years, Azim Premji has been privileged with many honors and accolades. He was chosen as the Business India’s ‘Businessman of the Year 2000’, He was named by Fortune (August 2003) as one of the 25 most powerful business leaders outside the US, Forbes (March 2003) listed him as one of ten people globally, Business Week featured (October 2003) him on their cover with the sobriquet ‘India’s tech king’. The Indian Institute of Technology, Roorkee and the Manipal Academy of Higher Education have both conferred honorary doctorates on him. He is also a member of the Prime Minister’s Advisory Committee for Information Technology in India.
In the year 2001, Premji established Azim Premji Foundation, a not-for-profit organization with a vision of influencing the lives of millions of children in India by facilitating the universalisation of elementary education. The foundation works closely with the state governments of Karnataka, Andhra Pradesh, Madhya Pradesh etc and the programs cover over 5000 rural schools. Premji contributes the financial resources for the foundation.
Personally, Premji is known for his humility and helping mentality. Easily one of the richest men in the world, he always travels in economy class. One of his favorite recreational activity is hiking. He leads a quiet life with his wife Yasmin Premji who had worked for ‘Inside Outside’ (editorial) in Mumbai and his two sons in a simple, but elegant villa in Bangalore. The elder son, Rishad, works in the USA for GE and the younger one, Tariq, has co-founded a dotcom and works from Bangalore. Mr. Premji who holds 78% stakes in the company does not believe in naming one of his sons as his successor just for the norms.
The Amalner-based vanaspathi manufacturing company, the Western India Vegetable Product later became Wipro Products Ltd, Wipro Technologies and Wipro Corporation. Under Premji’s leadership Wipro embarked on an ambitious phase of expansion and diversification. The Company began manufacturing light bulbs with General Electric and other consumer products including soaps, baby care products, shampoos, powder etc. In 1975, Wipro Fluid Power business unit manufacturing hydraulic cylinders and truck tippers was started. But Premji’s ambitions did not stop there. In the 1980s Wipro entered the IT field, taking advantage of the expulsion of IBM from the Indian market in 1975. Thus, Wipro became involved in manufacturing computer hardware, software development and related items, under a special license from Sentinel. As a result, the $1.5 million company in hydrogenated cooking fats grew within a few years to a $662 million diversified, integrated corporation in services, medical systems, technology products and consumer items with offices worldwide.
The company’s IT division became the world’s first to win SEI CMM level 5 and PCMM Level 5 (People Capability Maturity Model) certification, the latest in quality standards. A large percentage of the company’s revenues are generated by the IT division. Wipro works with leading global companies, such as Alcatel, Nokia, Cisco and Nortel and has a joint venture in Medical Systems with General Electric company.
Premji’s story of success and prominence clearly shows how determination and perseverance, when coupled with knowledge, clear vision and proper planning, enable one to reach the peak of success and leadership. A straight forward person, he doesn’t believe in resorting to bribery or corruption to get things done and associates quality with integrity. He is an absolute workaholic and according to him work is the only way to success and survival in a competitive environment. A tough employer, he expects his employees to be competent and will not tolerate lies or deception from anyone.
Azim Hashim Premji finds himself in the Forbes Billionaire List 2000, placed in 41st position with a wealth of $ 6.4 billion. Over the years, Azim Premji has been privileged with many honors and accolades. He was chosen as the Business India’s ‘Businessman of the Year 2000’, He was named by Fortune (August 2003) as one of the 25 most powerful business leaders outside the US, Forbes (March 2003) listed him as one of ten people globally, Business Week featured (October 2003) him on their cover with the sobriquet ‘India’s tech king’. The Indian Institute of Technology, Roorkee and the Manipal Academy of Higher Education have both conferred honorary doctorates on him. He is also a member of the Prime Minister’s Advisory Committee for Information Technology in India.
In the year 2001, Premji established Azim Premji Foundation, a not-for-profit organization with a vision of influencing the lives of millions of children in India by facilitating the universalisation of elementary education. The foundation works closely with the state governments of Karnataka, Andhra Pradesh, Madhya Pradesh etc and the programs cover over 5000 rural schools. Premji contributes the financial resources for the foundation.
Personally, Premji is known for his humility and helping mentality. Easily one of the richest men in the world, he always travels in economy class. One of his favorite recreational activity is hiking. He leads a quiet life with his wife Yasmin Premji who had worked for ‘Inside Outside’ (editorial) in Mumbai and his two sons in a simple, but elegant villa in Bangalore. The elder son, Rishad, works in the USA for GE and the younger one, Tariq, has co-founded a dotcom and works from Bangalore. Mr. Premji who holds 78% stakes in the company does not believe in naming one of his sons as his successor just for the norms.
Ramlinga Raju
Ramalinga Raju, is an Indian businessman, and a pioneer of the Information Technology industry in India.. He is the Chairman of Satyam Computer Services Ltd. It was founded in the late 1980’s after venturing earlier into other businesses such as construction and textiles.
Ramalinga Raju was born on September 16, 1954 in a family of farmers. He did his B. Com from Andhra Loyola College at Vijayawada and subsequently did his MBA from Ohio University, USA. Ramalinga Raju had a stint at Harvard too. He attended the Owner / President course at Harvard.
After returning to India in 1977, Ramalinga Raju moved away from the traditional agriculture business and set up a spinning and weaving mill named Sri Satyam. . Thereafter he shifted to the real estate business and started a construction company called Satyam Constructions. In 1987, Ramalinga Raju founded Satyam Computer Services along with one of his brothers-in-law, DVS Raju. The company went public in 1992. With the launch of Satyam Infoway (Sify) Satyam became one of the first to enter Indian internet service market. Today, Satyam has a global presence and serves 44 Fortune 500 and over 390 multinational corporations.
Now the company has rapidly developed and became a true multinational company with thousands of employees spread over multiple countries.
Ramalinga Raju has won several awards and honors. These include Ernst & Young Entrepreneur of the Year for Services in 1999, Dataquest IT Man of the Year in 2000, and CNBC’s Asian Business Leader – Corporate Citizen of the Year award in 2002.
It took the Satyam founder more than two decades to achieve fame and less than two weeks to turn into a rogue figure, when on 7th Jan 2009, he accepted the fraud of billions of rupee in the company, done by him.
Ramalinga Raju was born on September 16, 1954 in a family of farmers. He did his B. Com from Andhra Loyola College at Vijayawada and subsequently did his MBA from Ohio University, USA. Ramalinga Raju had a stint at Harvard too. He attended the Owner / President course at Harvard.
After returning to India in 1977, Ramalinga Raju moved away from the traditional agriculture business and set up a spinning and weaving mill named Sri Satyam. . Thereafter he shifted to the real estate business and started a construction company called Satyam Constructions. In 1987, Ramalinga Raju founded Satyam Computer Services along with one of his brothers-in-law, DVS Raju. The company went public in 1992. With the launch of Satyam Infoway (Sify) Satyam became one of the first to enter Indian internet service market. Today, Satyam has a global presence and serves 44 Fortune 500 and over 390 multinational corporations.
Now the company has rapidly developed and became a true multinational company with thousands of employees spread over multiple countries.
Ramalinga Raju has won several awards and honors. These include Ernst & Young Entrepreneur of the Year for Services in 1999, Dataquest IT Man of the Year in 2000, and CNBC’s Asian Business Leader – Corporate Citizen of the Year award in 2002.
It took the Satyam founder more than two decades to achieve fame and less than two weeks to turn into a rogue figure, when on 7th Jan 2009, he accepted the fraud of billions of rupee in the company, done by him.
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