Showing posts with label Richest Indian. Show all posts
Showing posts with label Richest Indian. Show all posts

Saturday, January 5, 2008

J.R.D. TATA


Jehangir Ratanji Dadabhoy Tata (July 29, 1904 - November 29, 1993) was a pioneer aviator and important businessman of India.

Sri J.R.D. Tata was born to Indian parents in Paris, France, and was inspired by aviation pioneer Louis Bleriot. In 1929 Tata got the first pilot licence in India, and became known as the father of Indian civil aviation. He founded India's first commercial airlines, Tata Airlines, in 1932, which in 1946 became Air India.

For decades J.R.D. 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.The Tatas were among the first families in India to spread their wealth and wisdom for the benefit of humanity.

In 1924, when Tata Steel was at its lowest ebb with no money to pay the co-workers, Sir Dorabji Tata (son of Jamsetji Tata) risked his entire personal fortune of Rupees One Crore (About 1 Billion Rupees of today) which included his wife’s jewelry, to get a loan from the Imperial/State Bank of India for a public limited company to save the name of the Tatas.

On one occasion, a senior executive of the Tata Company tried to save on taxes. When faced by JRD the executive said: “But, Sir it is not illegal.” “Not illegal, yes, but is it right?” inquired JRD.While most captains of industry believed that man was meant to serve industry, Sri Jamsetji Tata believed that industry was meant to serve man.

JRD Tata took this philosophy a step further by stating that: “I believe that the social responsibilities of our industrial enterprise should now extend even beyond serving people, to the environment. This need is now fairly well recognized but there is still considerable scope for most industrial ventures to extend their support not only to human beings but also to the land, to the forests, to the waters, and to the creations that inhabit them.”

In short, JRD’s working philosophy was rooted in: Preserving nature’s wealth to promote human health.

The uncrowned king of Indian Industry, Jehangir Ratanji Dadabhoy Tata (JRD to the world and 'Jeh' to friends) was born in Paris to a French mother and a Zarathushti father in 1904, the year Jamsetji died. JRD’s father Ratanji Dadabhoy Tata and Sri Jamsetji Tata shared their greatness from the same great-great-grandfather – Ervad Jamsheed Tata, a priest of Navsari.

JRD, the second of four children, was educated in France, Japan and England before being drafted into the French army for a mandatory one-year period. JRD wanted to extend his service in the forces but the Divine Father had a special plan for him. By leaving the French army JRD’s life was saved because shortly thereafter, the regiment in which he served was totally wiped out during an expedition in Morocco.

In 1938, at the age of 34, JRD was elected Chairman of Tata & Sons making him the head of the largest industrial group in India. He started with 14 under his leadership and half a century later on July 26, 1988, left with a conglomerate of 95 enterprises which Tatas either started or in which they had controlling interest.

It is interesting to note that JRD, whose life spanned the whole of the twentieth century, headed the same industrial empire for over five decades, which he had first joined as an unpaid apprentice in December of 1925.

In addition to that JRD was the trustee of Sir Dorabji Tata Trust from its inception in 1932, which remained under his wings for over half a century. Under his guidance, this Trust established Asia’s first cancer hospital, the Tata Memorial Center for Cancer, Research and Treatment, Bombay, 1941. It also founded the Tata Institute of Social Sciences, 1936 (TISS), the Tata Institute of Fundamental Research, 1945 (TIFR) – India’s greatest gift to the scientific world, which became the cradle of India’s atomic energy program; and the National Center for Performing Arts.

The core of his life’s philosophy was embedded in: “Never start with diffidence, Always start with confidence.” He also believed in pursuing his passion with compassion by stating that: “To be a leader, you’ve got to lead human beings with affection.”

Though he was meticulous about the use of money and the shareholder’s funds of himself he said: “I never had any interest in making money. None of my decisions were influenced by whether it would bring me money or wealth.”

His core interest was the benefit of people – a philosophy with which JRD guided the destiny of India’s largest business house for well over half a century.

In 1992, because of his selfless humanitarian endeavors, JRD Tata was awarded India’s highest civilian honor, the Bharat Ratna – one of the rarest instances in which this award was granted during a person’s lifetime. In that same year, JRD was also bestowed with the United Nations Population Award for his crusading endeavors towards initiating and successfully implementing the family planning movement in India, much before it became an official government policy. His was the first national voice to call for family planning when his futuristic mind enabled him to visualize a demographic death in India. On his death, the Indian Parliament was adjourned in his memory -- an honor not usually given to private citizens. His home state of Maharashtra also declared three days of mourning in his honor when he passed away on November 29, 1993.

The Island of Aviation:
On February 10, 1929, JRD became the first Indian to pass the pilot’s examination with No. 1 endorsed on his flying license. With this distinctive honor of being India’s first pilot, he was instrumental in giving wings to India by building Tata Airlines, which ultimately became Air India. He launched a civil aviation at a time when flying was a rich man’s sport. With a humanitarian vision to knit India close together, his passion for flying was fulfilled with the formation of the Tata Aviation Service in 1932.

Later in 1948, JRD launched Air India International as India’s first international airline. In 1953, the Indian Government appointed JRD as Chairman of Air-India and a director on the Board of Indian Airlines – a position JRD retained for 25-years. His 46-year aviation career spanned an era of the frail two-seater Puss Moth to the gleaming 400-seater giant Boeing 747.

For his crowning achievements in Aviation, JRD was bestowed with the title of Honorary Air Commodore of India. Besides having an avid interest in aviation, JRD also had a passion for cars, bike racing and car racing.

Kalpana Chawla, the Indian-born astronaut who perished in the recent Columbia space shuttle disaster, cited JRD and his pioneering airmail flights as her inspiration for taking up aeronautics.

The Island of Steel:
In India, the Island of Steel was founded by the “Father of India’s Industrial Revolution – Sri Jamsetji Tata.” The annual philanthropy (love for one’s fellowmen) and social uplift budget of Tata Steel is probably larger than that of any single Indian charitable foundation or company. It is because the Tata tradition is: “If we think beyond industry, we find a purpose for industry and our industries can become more effective.”

At Tata Steel, not only steel but also men were forged in Jamshedpur. That’s why it’s a place where India is still shining, it’s a place where the nation of India was transformed and it’s a place that was selected as a UN Global Compact City because of the quality of life, conditions of sanitation, roads and welfare that were offered by Tata Steel. What better tribute can one imagine for Industrial India?

In 2007, Tata Steel will be celebrating 100 years of existence with substance.

In the 1890s Sri Jamsetji Tata believed that the health and welfare of employees was the foundation of his prosperity. Beginning in 1911, it was this policy of Jamsetji that pioneered a trend of creating an 8-hour workday for the employees of Tata Steel in India, when factories in the Western world worked 10-12 hour work shifts.

Eighty years later JRD Tata was thinking of a company’s responsibility beyond obligations to its own workers. In 1979, Tata Steel instituted a new practice; a worker is deemed to be “at work” from the moment he leaves home for work till he returns home from work. The company is financially liable to the worker if any mishap takes place on the way to and from work.

In 1956, JRD initiated a program of closer "employee association with management" to give workers a stronger voice in the affairs of the company. He firmly believed in employee welfare and espoused the principles of an eight-hour working day, free medical aid, workers' provident scheme, and workmen’s accident compensation schemes, which were later, adopted as statutory requirements in India.

Furthermore, under JRD’s chairmanship two pioneering strokes of Tata Steel came about; namely, a profit sharing bonus and a joint consultative council. These measures pre-empted any labor trouble and Tata Steel has enjoyed peace between management and labor since then and they were later adopted as statutory requirements in India.

In short, JRD further enhanced the Tata tradition of nation-building rather than just building influence or power.

The Island of Education:
In 1912, the London School of Economics established the Ratan Tata Department. The following year it advertised for a position of a lecturer in that department for which two people applied. One was a young man called Clement Atlee, who after careful consideration was selected for this position. About 32-years later Atlee became the Prime Minister of Britain. Interesting enough that it was under his government that India was granted independence in 1947.

Education and research have been the hallmark of Tata’s tradition because it not only provided a sound training ground for people but also a platform to raise the social conscience of a nation. Among the pace-setting institutions launched by Tatas, were India’s first Institute of Social Sciences, its first cancer research center and its first institute for fundamental research in physics and mathematics - that spearheaded the atomic energy program in India. The Tatas were also instrumental in assisting World Health Organization (WHO) and the Indian Government to free India from the plague of smallpox for the first time in history.

Presently in Bangalore, the JRD Tata Memorial Library, popularly known as the Indian Institute of Science Library, is one of the best Science and Technology libraries in India. Started in 1911, as one of the first three departments in the Institute, it has become a precious national resource center in the field of Science and Technology. The library spends over ten crores of rupees annually of which subscription towards periodicals alone is about nine crores, which is unparalleled in that part of the globe.

To-date, JRDs legacy of spreading education hails as Tata Consultancy Service (TCS), which has developed a computer system to expedite the spread of literacy all over India. About 200 million adults in India cannot read or write. With TCS in the forefront, currently, illiteracy is reducing at an annual rate of 1.5% per annum. At this rate within the next 20-years India will attain a literacy rate of 95%.

JRD’s passion for learning not only evolved around things that mattered to business such as technology or finance; but also encompassed places, people, music, medicine, literature, philosophy, religion, the arts and the sciences. He was seeking the “extra” in the “ordinary” to make it extra-ordinary. A courtesy ride to children in his car on their way to school was not just an expression of warmth but also an exclusive opportunity to learn about what was taught in schools – a magical moment to catch a glimpse of the future. As a result he not only built 'learning organizations' but also emulated one himself.

The Island of Quality:
It is said that: For children, parents help define who they are.

I believe that the Tatas helped define the Industry of India by focusing on Quality.

With steel as the mother of industry, education as the father and hydropower as the child, the Tatas pioneered the family of industrialization in an era, when these imperatives of industry were not evident to common thinkers.

I believe that: “Uncommon thinkers reuse what common thinkers refuse.”

Quality was one of the attributes that were reused by Tatas under the Chairmanship of JRD because he was an uncommon thinker.

Being unsatisfied with the second best, his unflinching and unwavering commitment to the highest principles and standards was the light that forever illuminated his path, inspired his speech and guided his actions.

He believed that:
“When you work, work as if everything depends on you. When you pray, pray as if everything depends on God.”He also believed that: Cleanliness is the Hallmark of perfect standards and the best quality inspector is the conscience.

With this sentiment the TELCO saying was developed:“Quality is first engineered; only then it is inspected.”With the same sentiment at Tata Steel they firmly believed that: “Making steel may be compared to making a chappati (tortilla). To make a good chappati, even a golden pin will not work unless the dough is good.”

This domino effect of Quality is evidenced in ALL multi-faceted endeavors of the Tatas, not only in products and services but also in corporate conduct, which was of paramount importance to JRD.

With QUALITY being the common thread, as an industrialist, JRD placed the Tata Group on the international map; as an aviator, he brought commercial aviation to India; and as a philanthropist, he built the spirit of Tata Charitable Trusts to keep it live and alive.

The Island of Service:
In 100 Great Modern Lives edited by John Canning (Souvenir Press, London), in the galaxy of personalities only two Indians feature – Mohandas Karamchand Gandhi and Jamsetji Tata. The chapter on Jamsetji Tata concludes with the paragraph: ‘Probably no other family have ever contributed as much in the way of wise guidance, industrial development and advancing philanthropy to any country as the Tatas have to India, both before and since independence (1947).’

The Tata tradition of Service to humanity in the spirit of brotherhood is encapsulated in this true story. One day, at Tata Steel due to a serious accident about 75 tons of molten metal crashed on the ground resulting in some people getting burnt.

The first transportation car could only accommodate 3-people. One of the three persons chosen was a Hindu. But, he chose not to board the car. Instead he said: “Take my half-burnt Muslim Brother first.” This Hindu man in spite of facing the danger of death remembered to be of service to his Muslim brother during his time of need. What a powerful spirit of reaching out – a Tata tradition.

Under JRDs Chairmanship, Tatas won the National Award for employment of the Physically Handicapped. Furthermore, during catastrophic natural calamities (earthquakes, cyclones, etc.) in India, the Tata Group developed a tradition in which workers and officers of its major companies took the initiative of donating 1-2 days of their salary and the companies matched that donation. These workers also volunteer to donate blood and even assist in rehabilitation.

JRD believed that: Common people have an appetite for food; uncommon people have an appetite for service.

With his uncommon appetite for service, JRD put his own money to set up a multipurpose JRD Tata Trust in 1944, and a few years later sold some of his assets to establish the JRD & Thelma Tata Trust, which to-date works towards serving the disadvantaged women in India.

Even though, one can find numerous other Islands of Tata in the Ocean of India, I have chosen to focus on only 5-Islands to symbolically represent the 5-fingers of Tata’s hand reaching out to Humanity.

They also resonate with the following 5-guiding Principles of JRD:

1. Nothing worthwhile is ever achieved without deep thought and hard work;

2. One must think for oneself and never accept at their face value slogans and catch phrases to which, unfortunately, our people are too easily susceptible;

3. One must forever strive for excellence, or even perfection, in any task however small, and never be satisfied with the second best;

4. No success or achievement in material terms is worthwhile unless it serves the needs or interests of the country and its people and is achieved by fair and honest means;

5. Good human relations not only bring great personal rewards but also are essential to the success of any enterprise.

An article titled: “Business as a Spiritual Pursuit”, encapsulates JRD’s philosophy, and the ethos of the Group he symbolized, by stating that: "(In Tatas) we have retained the fire of idealism and in its glow we have come to recognize that no wealth or power can be more valuable than our dignity; no loss or profit can be more critical than the loss of our credibility; no skills or qualifications can substitute the integrity of our character."

The essence of this 'spiritual core' differentiates Tatas from other business entities globally, as they all must struggle to compete and win in a material world.

Over the past 100 years, the Tatas have invested in industries and worked in areas, which focused on nation building and industrial development, while upholding the core values cherished by the group – nationalism, innovation, leadership, trust, fairness, dignity and numerous others.

Thus, the year 2004 is viewed as a “Century of Trust” – a half-century of which is attributed to JRD.

Generations to come will regard the mission and contributions of this illustrious man worthy of emulation.

As a captain of industry, institution builder, statesman, and educationist and in such other aspects of his multifaceted personality, he displayed courage of conviction and quintessential humanism.

JRD encapsulated the essence of "Humility" defined by Bob Galvin: "Humility does not mean that one thinks less of oneself, it means that one thinks of oneself less."

He touched power but remained untouched by it because he was more interested in the Power of Love instead of the Love of Power.

I will conclude with two quotes from my book Bread For The Head™: “Success is not in hitting the headlines Success is in reaching the Heartlines.”

The Tatas have reached the Heartlines of Billions; and “The difference between ordinary and extraordinary Is that the extraordinary know that they can make a difference.”

JRD was one of those extraordinary individuals who made a difference in the life of humanity.

He touched and impacted not just minds but the soul of all people by epitomizing a way of life and a culture of business that cared for the country and its people.

Thank you JRD for living and leaving a Legacy of Industry, Charity and Integrity.

Source: www.biographybase.com, www.vohuman.org


Saturday, December 15, 2007

Lakhsmi Mittal

Lakshmi Narayan Mittal (or Lakshmi Niwas Mittal) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur Village, in the Churu district of Rajasthan, India, and residing in Kensington, London. He is the fifth richest person in the world, with a personal fortune of US$51.0 billion according to Forbes 500.

The Financial Times named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by Time magazine.


Lakshmi Mittal

Born
June 15, 1950 (1950-06-15) (age 57)Sadulpur, Rajasthan, India
Residence
Kensington,London
Occupation
Chairman & CEO of Arcelor Mittal
Net worth
$51.0 billion USD [1]
Religious stance
Hinduism
Website
Profile on mittalsteel.com

Early years

Lakshmi spent his first years in India, living with his extended family on bare floors and rope beds in a house built by his grandfather. His family, from the Marwari Aggarwal caste, was from humble roots; his grandfather worked for the Tarachand Ghanshyamdas Poddar firm, one of the leading Marwari industrial firms of pre-independence India. They eventually moved to Calcutta where his father, Mohan, became a partner in a steel company and made a fortune.
Lakshmi was a keen student and his classmates knew him as a sharp student who was good with numbers. He graduated at the top from St. Xavier's College in Calcutta (Now known as Kolkata) with a Bachelor of Commerce degree in Business and Accounting in 1969.

Career

Lakshmi Mittal began his career working in the family's steelmaking business in India, and in 1976, when the family founded its own steel business, Mittal set out to establish its international division, beginning with the buying of a run-down plant in Indonesia. Shortly afterwards he married Usha, the daughter of a well-to-do moneylender. In 1994, due to differences with his father and brothers, he branched out on his own, taking over the international operations of the Mittal steel business, which was already owned by the family. The family of Mittal never spoke to the public about the reasons for the split, although, there were rumors it was due to financial instablity between the brothers.

The Mittal Affair: "Cash for Influence"

Controversy erupted in 2002 as Plaid MP Adam Price exposed the link between U.K. prime minister Tony Blair and steel magnate Lakshmi Mittal in the Mittal Affair, also known as 'Garbagegate' or Cash for Influence.Mittal's LNM steel company, registered in the Dutch Antilles and maintaining less than 1% of its 100,000 plus workforce in the U.K., sought Blair's aid in its bid to purchase Romania's state steel industry. The letter from Blair to the Romanian government, a copy of which Price was able to obtain, hinted that the privatisation of the firm and sale to Mittal might help smooth the way for Romania's entry into the European Union.
The letter had a passage in it removed just prior to Blair's signing of it, describing Mittal as "a friend."
In exchange for Blair's support Mittal, already a Labour contributor, donated £125,000 more to Labour party funds a week after the 2001 U.K. General Elections, while as many as six-thousand Welsh steelworkers were laid off that same year, Price and others pointed out. Mittal's company, then the fourth largest in the world, was a "major global competitor of Britain's own struggling steel industry, Corus, formerly known as British Steel." Corus and Valkia Limited were two of the primary employers in south Wales, particularly in Ebbw Vale, Llanwern, and Port Talbot.

Today

Since 2005, Mittal has been the richest person residing in the United Kingdom. He is the President of the Board of Directors and CEO of Arcelor Mittal; Arcelor Mittal is the world's largest producer of steel, with assets in France, Belgium, Romania, Bosnia-Herzegovina, South Africa, Poland, Czech Republic, Indonesia, Kazakhstan, Canada, Bulgaria, United States and Brazil. On July 13, 2005 it was announced that he had donated £2 million to the Labour Party, and on January 16, 2007 it was announced that he had donated a further £3 million. Although Mittal has been living abroad for many years, he claims he will remain an Indian.

Personal wealth

In March 2007, Mittal was reported to be the 5th wealthiest person in the world by Forbes Magazine (up from 61st richest in 2004). The Mittal family owns 44% of Arcelor Mittal, the world's largest steel company.
His residence at 18-19 Kensington Palace Gardens was bought from Formula One car racing boss Bernie Ecclestone in 2004 for $150 million (£70 million), the world's highest price ever paid for a house.
Mittal has two children. His son, Aditya Mittal, is the CFO of Arcelor Mittal. Mittal paid over $60 million (£30 million) to host his daughter Vanisha Mittal's wedding celebration in Vaux le Vicomte on 22 June 2004 and an engagement ceremony at the Palace of Versailles on 20 June 2004, the world's most expensive wedding ever. He even hosted a Bollywood night where superstars like Rani Mukerji, Saif Ali Khan, Shahrukh Khan and Aishwarya Rai performed. Kylie Minogue also sang on stage.
Mittal's house in Kensington, London is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been deemed the "Taj Mittal."
Recently, Mittal has emerged as a leading contender to buy Barclays Premiership clubs Wigan and Everton, but has so far refused to comment.
As of 8th October 2007, the 44.79% stake which the Mittal family have in Arcelor-Mittal was worth $47.159 billion dollars, down from $48.4 billion in late September. This makes him the world's 5th wealthiest man after Bill Gates, Warren Buffet, Carlos Slim and Ingvar Kamprad. As of 11th October 2007, his stake was worth $50.56 billion dollars, making him the fifth person in the world to have more than $50 b wealth.

Charity

After witnessing India win only one medal, bronze, in the 2000 Olympics, and one medal, silver, at the 2004 Olympics, Mittal decided to set up Mittal Champions Trust with US$9 million to support 10 Indian athletes with world-beating potential. In comparison to his overall wealth, however, $9 million is quite insignificant and thus, Mittal cannot be considered a philanthropist.
For Comic Relief 2007, he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice.

His Quotes

Always think outside the box and embrace opportunities that appear, wherever they might be.Lakshmi Mittal
When people can see which direction the leaders are going in it becomes easier to motivate them.Lakshmi Mittal

Friday, November 23, 2007

Mukesh Ambani



Date Of Birth:
April 19, 1957

Birth Place: Aden, Yemen

Profession: Chairman, Managing Director and the largest shareholder of Reliance Industries

Education:
Mukesh Ambani holds a Bachelor of Chemical Engineering from the University Department of Chemical Technology (UDCT), which is currently known as University of Mumbai, Institute of Chemical Technology (UICT). He began the MBA program at Stanford Business School, but dropped out after his first year in order to assist in his father's ongoing efforts to build the Patalganga petrochemical Plant.

Career:
Mukesh Ambani joined Reliance in 1981 and initiated Reliance's backward integration from textiles into polyester fibres and further into petrochemicals, petroleum refining and oil and gas exploration and production. In this process, he directed the creation of several new world- class manufacturing facilities involving diverse technologies that have raised Reliance's petrochemicals manufacturing capacities from less than a million tonnes to thirteen million tonnes per year.

Mukesh Ambani directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure, at an investment of Rs. 25,000 crore (nearly US$ 6 billion).

Mukesh Ambani set up the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited). Covering more than 1,100 towns and cities across India, Reliance Infocomm offers the full range of voice, data, video and value added services, on the strength of 80,000 kilometres of optic fibre-based terabit infrastructure, at the lowest entry cost and service cost anywhere in the world.

Mukesh Ambani is also steering Reliance's initiatives in a world scale, offshore, deep water oil and gas exploration and production program and implementation of a pan- India organized retail network spanning multiple formats and supply chain infrastructure.

Ambani's achievements include:

  • Bestowed the US-India Business Council (USIBC) 'Global Vision' 2007 Award for Leadership in 2007

  • Invited to be a member of the World Business Council for Sustainable Development (WBCSD). He is the only Indian CEO to be a Council Member of WBCSD.

  • Conferred 'ET Business Leader of the Year' Award by The Economic Times (India) in the year 2006.

  • Received the first NDTV-Profit 'Global Indian Leader Award' from Hon'ble Prime Minister of India, Shri Manmohan Singh in New Delhi in the year 2006.

  • Had the distinction and honour of being the co- chair at the World Economic Forum Annual Meeting 2006 in Davos, Switzerland.

  • Ranked 42nd among the 'World's Most Respected Business Leaders' and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, November, 2004.

  • Conferred the World Communication Award for the 'Most Influential Person in Telecommunications in 2004' by Total Telecom, October, 2004.

  • Conferred the 'Asia Society Leadership Award' by the Asia Society, Washington D.C., USA, May, 2004.

Mukesh Ambani is the Chairman of Reliance Petroleum Limited and Reliance Retail Limited and a Director of Reliance Europe Limited and Pratham India Education Initiative. He is the Chairman of the Finance Committee, a member of the Shareholders'/ Investors' Grievance Committee and the Employees Stock Compensation Committee of the Company.

Mukesh Ambani is a member of the Prime Minister's Council on Trade and Industry, Government of India; Council of Scientific and Industrial Research (CSIR) Society, India; Board of Governors of the National Council of Applied Economic Research, New Delhi and the Advisory Council of the Indian Banks' Association. He is a member of the Indo-US CEOs Forum, the International Advisory Board of Citigroup, and McKinsey Advisory Council.

He is the Chairman, Board of Governors of the Indian Institute of Management, Bangalore and a member of the IIT Bombay Advisory Council of the Indian Institute of Technology, Mumbai. He is also a member of the Advisory Council for the Graduate School of Business of the Stanford University.