Rare Personal Memories of JRD Tata and Life in Business

 Hoshang Billimoria reminisces about J. R. D. Tata, the senior managers he chose for the Tata Grup and what made them spesial. He explains how business was extremely difficult in the days of socialism and how privat equity can destroy a successful business. king88bet Login Alternatif

A trip down the Tata memori lane.. king88bet Login

Billimoria remembers rapat the late Jehangir Ratanji Dadabhoy Tata, known populerly as JRD, whom he calls a "magnetic personality." As per Billimoria, JRD oozed charisma, put you at ease and impressed you with his humility. JRD was able to enthuse people, who then gave their best. King88Bet Situs Slot Online

(The only individu who compares to JRD today is Deepak Parekh, who lets grass grow under his feet. His achievements with HDFC Bank are extraordinary. He has created an empire in a "stunning" career and Parekh does not get due kredit for what he has done.)

JRD had a knack for identifying and supporting talenta. Russi Mody of Tata Steel, Darbari Seth of Tata Chemicals and Ajit Kerkar of Indian Hotels are three examples of talented managers JRD selected. All three were entrepreneurs and great managers.

Russi Mody's brilian lay in human sumber. Billimoria recollects a story of Russi saying hello to a new driver and then recognizing him when he visited Bombay the next time. Seth used to write a letter to Billimoria when financial results came out and Kerkar was on his board. These characters were professionally top-notch.

In those days, the licenses and approvals required to do business were innumerable. India's colonial rent-seeking and parasitic bureaucracy made life extremely difficult for India's business leaders. To make matters worse, corruption seemed to come from above lower levels and a diabolical black economy.

Bureaucrat flunkeys sitting in a crumbling office controlled both manajerial remuneration and manajerial appointments.

During such a torrid time, JRD and his tim rose up to the challenge. Seth made money from the soda ash plants in Gujarat and bought tea gardens in Assam.