What Comes First – Reputation Or Profits?


wealthymatters.comIf you go to most family owned companies, their core focus is profitability. How much and how soon? Little time or money is spent in building a reputation. When I visit many of the big India business group offices in India, I rarely see a poster in the visitor’s area that communicates:

What are their business practices?
What do they stand for?
What are their values?
What are their views on treating their employees?

In most Tata Companies, I see that Value Statement at eye level while sitting on the sofa at the reception. It makes me feel nice.

By not aggressively creating a positive reputation, Companies stand the risk of being determined by legacy and hearsay. That’s a big risk that can cost you your business. Read more of this post

Alok Kejriwal On the Importance Of Branding


wealthymatters.comSam (Sam Balsara of Madison Media) was invited by a Mega Marwari Corporation (MMC) for a chat to help create a Salt Brand. Sam was asked by the grey haired senior executive, ‘how much money would it cost to build India’s greatest salt brand?’ Sam thought for a moment and said ‘Say 20-30 crores (4-6 million US$) in media spends. Assuming your product is great, that should take you to the top’. Mr. Grey Hair heard this and almost fell off his chair…

He said ‘Sam – with that money, I can build 5 more Salt factories!’. Sam pointed in the direction across the street and said ‘Mr. Grey Hair – the folks just opposite your office created Tata Salt. Today, every salt factory in the country goes to them to supply them unbranded salt. The one solo Tata Salt brand is more valuable that 100 plain factories put together. Adding 5 more factories to your collection will not do anything for you’. Mr. Grey Hair looked perplexed. Read more of this post

We Make Millionaires


 “We are not interested in becoming crorepatis but in making others crorepatis.”…….Read more here https://wealthymatters.com/2011/03/09/tata-style-philanthropy/

wealthymatters.com

India’s 100 Wealthiest


Rank
Name Net Worth ($mil)
1 Mukesh Ambani 27,000
2 Lakshmi Mittal 26,100
3 Azim Premji 17,600
4 Shashi & Ravi Ruia 15,000
5 Savitri Jindal 14,400
6 Anil Ambani 13,300
7 Gautam Adani 10,700
8 Kushal Pal Singh 9,200
9 Sunil Mittal 8,600
10 Kumar Birla 8,500
11 Adi Godrej 7,500
12 Pallonji Mistry 6,900
13 Anil Agarwal 5,500
14 Dilip Shanghvi 5,200
15 Shiv Nadar 4,700
16 Malvinder & Shivinder Singh 4,200
17 Kalanithi Maran 4,000
18 G.M. Rao 3,500
19 Uday Kotak 3,400
20 Anand Burman 3,200
21 Indu Jain 3,100
22 Rahul Bajaj 3,000
23 Subhash Chandra 2,900
24 Micky Jagtiani 2,800
25 Venugopal Dhoot 2,650
26 Rajan Raheja 2,600
27 Sudhir & Samir Mehta 2,500
28 Gautam Thapar 2,400
29 Madhusudan Rao 2,300
30 Pankaj Patel 2,050
31 Cyrus Poonawalla 2,000
32 Yusuf Hamied 1,950
33 N.R. Narayana Murthy 1,900
34 Ramesh Chandra 1,860
35 Desh Bandhu Gupta 1,850
36 Chandru Raheja 1,800
37 Ajay Piramal 1,750
38 Baba Kalyani 1,720
39 Brijmohan Lall Munjal 1,710
40 Niranjan Hiranandani 1,700
41 Nandan Nilekani 1,600
42 Shyam & Hari Bhartia 1,550
43 Senapathy Gopalakrishnan 1,500
44 Vijay Mallya 1,450
45 Rama Prasad Goenka 1,410
46 Mangal Prabhat Lodha 1,400
46 Vikas Oberoi 1,400
48 Jaiprakash Gaur 1,350
49 K Anji Reddy 1,290
50 Keshub Mahindra 1,280
51 Anu Aga 1,240
52 Naresh Goyal 1,200
53 Anand Jain 1,190
54 Vinod Goenka 1,180
55 Virendra Mhaiskar 1,170
56 Brij Bhushan Singal 1,160
57 Rakesh Jhunjhunwala 1,150
58 Murugappa Family 1,140
59 B G Raghupathy 1,130
60 Murali Divi 1,120
61 Harsh Mariwala 1,110
62 Balvant Parekh 1,100
63 K Dinesh 1,090
64 G. V. Krishna Reddy 1,080
65 Bhupendra Kumar Modi 1,070
66 Shahid Balwa 1,060
67 Mofatraj Munot 1,050
68 Ashwin Dani 1,030
69 Tulsi Tanti 1,000
70 Benu Gopal Bangur 980
71 S.D. Shibulal 925
72 Kishore Biyani 912
73 Ashwin Choksi 910
74 Manoj Tirodkar 905
75 Kiran Mazumdar-Shaw 900
76 Shobhana Bhartia 895
77 Rakesh Wadhawan 875
78 Abhay Vakil 870
79 Hemendra Kothari 860
80 Ramesh Agarwal 795
81 Gracias Saldanha 790
82 Analjit Singh 735
83 Prathap Reddy 685
84 Balkrishan Goenka 660
85 Shishir Bajaj 655
86 Kapil & Dheeraj Wadhawan 650
87 Jignesh Shah 610
88 Prithvi Raj Singh Oberoi 605
89 Bhavarlal Jain 603
90 Hemant Shah 580
91 Karsanbhai Patel 575
92 Qimat Rai Gupta 550
93 Kamal Khetan 546
94 Ashok Sarin 545
95 Shantanu Prakash 538
96 Atul Ruia 536
97 P.V.Ramaprasad Reddy 535
98 Bhadresh Shah 526
99 Bharat & Ravi Sheth 501
100 Rajju Shroff 500

This is the Forbes List of the 100 Richest Indians.The Forbes list of the World’s Richest is so well known but not this list ;so I thought of putting it up here. These  people share a common background with us.They have faced and overcome challenges many of us can personally identify with. They skilfully seize opportunities that we too could potentially capitalize on. So why not learn from them? To this effect I am on the look out for authentic material and first hand reports on these people.I’ll put them up on this blog as I find them.

A quick glance throught the list throws up some surprises:No Tatas , Wadias etc.:Some old and prestigious names are missing.There are only 5 women in the list.Ther are a total of 69 billionaires in the list.The top ten account for nearly 50% wealth of the top 100. The combined fortune of India’s 100 richest people was $300 billion.Incidentally the wealth of the top ten in the list equals 12% of India’s GDP.

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