Bajaj Group:Rahul Bajaj-Chairman and Managing Director


  

“A great prominent industrialist who created an industrial revolution in the country by producing two-wheelers, and at the same time, nurtured the heritage of his family’s political and social work”


 
Rahul Bajaj, an iconic, straight forward and outspoken entrepreneur of India, especially popular in manufacturing path-breaking two-wheelers, took up the reins as Chairman and Managing Director of Bajaj Group in 1965 as an inherited business. Under the leadership of Rahul Bajaj for more than three decades, the company has released many successful brands of two-wheelers like Bajaj Chetak and recently the highly sold top brand of motorbike Bajaj Pulsar etc. As a great strategist and business analyst, Rahul Bajaj visualized the necessity of safe and hazel free transport availability, for the average Indian household. He played key role in the design and development of Bajaj Chetak scooters in India. This shows his concern towards common-man. Even today, we see many two-wheelers and three-wheelers on Indian roads with the logo of Bajaj. Bajaj Group has a very old history of 85yrs (found in 1926 before independence); today the company takes pride to be in the list of top ten business houses of India, with a market cap of about Rs. 78,000 cr. and functions with deep social commitment and practices the highest norms of good corporate governance. Bajaj Auto ranks fourth in the world in manufacturing scooters (two-wheelers) and three-wheelers



Rahul Bajaj is an industrialist with new thoughts and ideas; therefore his entrepreneurial spirit is recognized internationally. He made up to his mark and established Bajaj Group as India’s top companies. He maintained his reputation with healthy competition and never involved in making business at the cost of others' ideas all the time and remained spotless and clean entrepreneur in the industry. At the time when Rahul started his business, strict licenses and permits predominantly invaded the markets. Liberalization in India has posed many challenges to the business and there was a deep slump in sale of scooters in 2001. None of these factors stood in the way of the strong entrepreneur from reaching the heights of excellence and investing in R&D for innovation and introducing high quality, performance, and new models of two-wheelers.

Under the helm of Rahul, Bajaj Group has diversified into various business verticals ranging from automobiles, home appliances, lighting, iron and steel, insurance, travel and finance; serving needs of all categories of consumers. Rahul Bajaj applied his cross-pollinated ideas on the growth of the company and turned it around from a company of Rs.72 million to Rs.46.16 billion. Bajaj group works in various corners of the globe across several countries in Latin America, Africa, Middle East, South and South East Asia. This was possible by striking decisiveness and assertiveness of Rahul Bajaj even at turbulent times and his great business acumen.

On personal front, he is more a human than a businessman. He is very liberal to his employees and gives them lot of independence and room to learn, create and innovate while at work. This makes his employees involved and interested in working in an open and friendly environment, which is not possible by coercion. This shows his empathy towards employees and his relationship with them. This resulted in smooth operations of Bajaj Group ever since and paved way for building a great organization. He often featured regularly in magazines like Asia week; Pune times etc. Rahul Bajaj became exemplary for young entrepreneurs of India, due to his achievements and worth following leadership qualities.
Career Outlook
After completing his MBA at Harvard in USA, Rahul Bajaj returned to India with plans of extension of business. Rahul Bajaj started working as the CEO of Bajaj Group at the young age of twenty-six in 1965. He established Bajaj Group as top player in India with his tremendous efforts and seamless hard work. After thoroughly understanding the business environment as a whole, he set up factories at Akurdi and Waluj.

Rahul Bajaj was very much inspired by the famous Vespa scooters made by Piaggio of Italy and became the Indian licensee for the make in 1960. Bajaj Auto began manufacturing their first two-wheelers in the following year. In 1977 Piaggio of Italy, maker of vespa scooters filed patent infringement suit and blocked the sales of Bajaj scooters in United stated, United Kingdom, West- Germany and Honkong, after the expiration of technical collaboration agreement with the company. The export of Bajaj scooters was negated from Rs 133.2mn in year 1980-81 to Rs 54mn in year 1981-82. By the year 1970-1977, Bajaj Autos produced 100,000 vehicles, including the three-wheeler goods carrier early in the decade, the Bajaj Super and three-wheeled rear engine Auto rickshaw later.

In 1980’s although it was tough time to get licenses and permits, Rahul as a man with will power succeeded in establishing factories at Akurdi and Waluj. In 1980, Bajaj Auto was India’s topmost scooter manufacturing company. After enjoying a decade of success, Bajaj Chetak was launched. The sale of two-wheelers was at its peak due to oil crisis and two-wheelers were cheaper in price, maintenance and more fuel-efficient as compared to cars. There was a very high demand for Chetak and the waiting time for the scooter was unbelievably high as 10yrs. In 1996, Bajaj Auto was the only large Indian company without any foreign investment or partnership.

The initialization of liberalization in India posed great challenges for Bajaj Auto, like threat of cheaper imports and FDI’s from top companies like Honda. In early 1990’s, when Rahul Bajaj was chairman of Bombay Club, he was one among people who strongly opposed liberalization. All the top players (Honda, Suzuki, Yamaha and Garelli) of the world entered the markets through collaborations and joint ventures. After the liberalization, the change in demographics shifted the interests of youngsters of India from scooters to motor cycles. Already Hero Honda captured the motorcycle market and was ahead of Bajaj. Bajaj was dominant and leading only in scooters market.

In 2001, recession and collapse of stock markets hardly hit the sales of scooters. Some business analysts even forecasted that there was every possibility that Bajaj Autos would shut down. However, Rahul Bajaj with high determination and great perseverance; reinvented and renewed his own ideology and briskly walked ahead with hope and set up an excellent factory at Chakan. He restructured the product-line and increased the productivity of workforce. He invested in R&D, came up with a new brand Bajaj Pulsar motorcycle, and gave a new direction to the company. The current models of Motorcycles Bajaj Autos sell are the XCD, Platina, Discover, Pulsar, Avenger and Ninja. Today Bajaj is market leader in motorcycles in Colombia, Central America, Sri Lanka, Bangladesh, Philippines, Nigeria, Uganda and Kenya with the exports increasing consistently by 15%, with 891,002 units exported in 2009-10. Bajaj also stood top exporter of three-wheeler commercial vehicles with 19% growth every year, with 164,887 units exported in 2009-10. Rahul Bajaj is always imperative to focus on technology, pricing strategy, values, ethics, innovation, speed and perfection. The company not only manufactured scooters, motor cycles, and three -wheelers but also produced Bajaj ULC ultra-low-cost car.

Mr. Rahul Bajaj heads numerous responsibilities of the company; as an Executive Chairman and Head of Bajaj Group of Companies of Bajaj Auto Ltd. Mr. Bajaj served as the Chief Executive Officer of Bajaj Auto Ltd. since 1968. He served as Managing Director of Bajaj Holdings & Investment Limited until March 31, 2005. He served as Deputy General Manager of Bajaj Tempo Limited. Mr. Bajaj serves as Chairman of the Board of Bajaj Finserv Ltd., Bajaj Allianz Life Insurance Company Ltd., and Bajaj Allianz General Insurance.Rahul Bajaj had an adventurous ride over the years, taking the organization to new horizons. On the way to his retirement, he is very much satisfied and contended with his professional career.

More about Rahul Bajaj

    Born                : 10 June 1938; Bengal Presidency, British India
    Residence       : Pune, Maharastra, India.
    Nationality     : Indian
    Religion          : Hinduism
    Alma mater    : MBA, Harvard University
    Occupation     : Chairman and Managing Director (since 1965) Bajaj Group
    Marital Status: Married
    Children          : Two sons and a Daughter

Our country’s great industrialist Rahul Bajaj was born on 10 June 1938, in Bengal Presidency of British India. His origin is from Marwari family, Kolkata. Rahul Bajaj is son of Kamalnayan Bajaj and Savitri Bajaj; and is grandson of Jaman Lal Bajaj, who was the founder of Bajaj Group. Shishir Bajaj is younger brother of Rahul Bajaj. He married Rupa Gholap, a beauty queen, in 1961. Later he had two sons Rajiv Bajaj and Sanjiv Bajaj and a daughter Sunaina Bajaj who recently married Manish Kejriwal.

  


  
Rahul Bajaj spent most of his childhood in Mumbai and completed his schooling from Cathedral School and John Cannon School in Mumbai. He did his Bachelor of Arts degree from Stephen’s College in Delhi in 1958, specializing in Economics. He did his Masters in Business Administration from Harvard Business School in1964, USA. He pursued law, for a while he worked at Bajaj Electricals and as a junior purchase officer in Mukand steel and Iron.

Rahul’s family has been very closely associated with the Indian Politics since pre-independence days. Rahul Bajaj has a personal association with major politicians of India like late Prime Minister Mr. Rajiv Gandhi, senior political leaders like Sharad Pawar etc. Rahul Bajaj as of now is serving as a member of the parliament.

Even after managing Bajaj Group for more than three decades and gaining lot of influence and popularity, he is man of explicit simplicity and humbleness; even today, he introduces himself under the banner of Bajaj Company. He is exhaustively workaholic and never likes to take a break. In twenty years of long stretch from 1965-1984, he took a leave of just 4 days. This would probably be the reason why Bajaj Group emerged as a company of excellence with smooth and friction free operations. He always tends to extend the meetings until he totally gets the clear picture of the matter in discussion.

Rahul was always inclined towards leadership since childhood. Since ten years, he is heading the Indian delegation in the international convention organized by the World Economic Forum every year. He has a great affinity towards industrial groups; therefore, he contributed immensely in making the Confederation of Indian Industries (CII) into an influential body. He is also the donor member of Indo-British Partnership Initiatives. He often featured in many magazines like Asia week to Pune times. The journalists in Pune approach Rahul Bajaj for opinions on different financial and other issues.

His health has forced him to cut down the working hours in Bajaj Auto, yet he did not take a complete retirement. Even today, he takes care to inspect the vehicles ready to be dispatched. This shows his keenness on the company and all its activities. Rahul lives peacefully in a spacious home within the factory premises in Akurdi, with his wife Rupa. His sons Rajiv and Sanjiv look after the company now. But, Rahul is always Present to guide them, and to ensure that his beloved company moves to achieve greater heights.
Awards and Honors

Rahul Bajaj received numerous awards for his great contribution to the Auto industry. Few among them are mentioned here:

    In 1975, he received the "Man of the Year" award from National Institute of Quality Assurance.

    Rahul Bajaj was appointed as Chairman of Indian Airlines in 1984. This was the first instance that someone from the private sector was given such responsibility.



  


    Business India honored him as “Businessman of the year 1985”.
    In 1988, Pune Municipal Corporation recognized him for his achievements.
    Bombay Management Association rewarded him for his service in the field of Management, in 1990.

    On behalf of the French President Nicolas Sarkozy, the French Ambassador Mr.Jerome Bonnafont presented the honor of “Knight in the Order of the Legion of Honor” to the CEO of Bajaj Auto, Rahul Bajaj. The French have numerous divisions in the Order and the title awarded to Rahul Bajaj is of the highest distinction. The industrialist was given this honor in gratitude of his noteworthy career as a businessman, and for his successful management of Bajaj Auto.

    Rahul Bajaj Chairman, of Bajaj Auto Limited was conferred the Alumni Achievement Award by the Harvard Business School (HBS) from where he did his MBA in 1964, The award was given at a function, which took place at the HBS campus on 30th September 2005. Rahul Bajaj is the only Indian HBS MBA to receive this award so far.

    For his contribution to Indian industry, he was awarded the nation's third-highest civilian honor, the Padma Bhushan, in 2001.

He was listed twentieth on the Forbes "India's richest 40" list of people with a net worth of US$1.1 Billion

Economic Times and Ernst & Young bestowed their "lifetime achievement" awards on him in November 2004.

Rani Durgavati University conferred the degree of Doctor of Letters (Honoris Causa) in March 2005.

Success Mantra of Rahul Bajaj

As a leader of success, Rahul Bajaj followed certain leadership traits and guiding principles for which he strictly adhered.

His decisions were clear-cut

For instance when India was liberalized Rahul Bajaj was very clear that he already has achieved competency in scooters segment and he need not go for collaboration in scooters segment and he has to continue the operations as usual. The demand for scooters was high and the supply was limited. Therefore, he stuck to his norms and stood up to the government to give licenses and allow the expansion to produce more scooters. Therefore, Bajaj teamed up with Kawasaki of Japan to produce one of the most fuel efficient and attractive two wheelers (motorcycles) for the Indian market. On the contrary, to the new leadership practices, Bajaj never believed in delegating authority to all. He always keeps himself at the helm of things. He gave a patient hearing to all others ideas. However, the final decision was made at his discretion.

After succeeding for more than a decade in two-wheeler and three- wheeler markets and reaching the top positions, many people suggested Rahul to foray into four-wheeler market. Rahul thought that the four- wheeler market was crowded by domestic as well as foreign carmakers, and he called it as Prudence. He did not do it because his philosophy was that “if you cannot be in the top two positions, you had no business to be in the business, you simply have to get out”.

He is impatient with workers' strike. He does not understand why the workers strike. His logic is they should work more and be paid more. Moreover, he speaks plainly. He tells it as it is, this made government and media to mis-quote him many times. But, he was fair and outspoken and did not care about what others thought of him.

Honesty paid him back

Rahul Bajaj is one of the most admired businessmen in India. He strongly believes in hard work than anything else, and follows his beliefs. He has been a very honest businessman and never bribed others through out his career to achieve any personal gain or success. He built his fortune with his own ability and always walked in a right path.

Great Philosophy

Rahul Bajaj always stated: We approach our responsibilities with ambition and resourcefulness. We organize ourselves for a transparent and harmonious flow of work. We respect sound theory and encourage creative experimentation. Moreover, we make our workplace a source of pride. We believe in transparency- a commitment that the business is managed along transparent lines like fairness to all stakeholders in the company, especially to minority shareholders, Disclosure of all relevant financial and non-financial information in an easily understood manner, Supervision of the Company's activities by the professionally competent and independent board of directors.

Lifelong lesson of Rahul Bajaj from Harvard Business School
"The case method teaches you how to gather and understand the facts of a situation and then how to analyze and make a decision. Nevertheless, even more important, this process requires you to think really hard. In my career, nothing has been more important than that."

Golden advices to current students

"Integrity and character matter. Without them, no amount of ability can get you anywhere. In addition, you need courage; courage to make difficult decisions, for example, and courage to oppose something if your conscience tells you that you are right." Rahul Bajaj suggests MBA professionals to imbibe four essential qualities to succeed in the new millennium; Listen effectively, Think like an entrepreneur, Cross-functionality, Smart work combined with hard work.

Rahul Bajaj’s view on growth of an economy

Rahul Bajaj feels that world has become a seamless place to live in. The biggest problem with the country is apathy to create wealth. He feels that bloated structures and unproductive systems need to be dismantled. The need of the hour is efficient mechanism with free and fair competition.


Rahul Bajaj an outspoken person

“When Bill Gates visited India one man has courage to speak out his mind” Not all CEOs were starry eyed with the hype around Bill Gates visit to India. Leading the list of skeptics was CII past president and Bajaj Auto Chairman Rahul Bajaj. He created a flutter at CII’s CEO forum by virtually brushing aside Mr. Gates concern for digital divide in developing countries such as India, reports our Delhi Bureau.

“What are we talking about? At the crux, is the increasing income inequality among nations and within a nation, with the spread of globalization digital divide is only the means, the end is per capita income, and once that is taken care of, the former will vanish on its own,” Mr. Bajaj told the audience.

Speaking after Mr. Gates and India telecom pioneer Sam Pitroda, Mr. Bajaj said, “I know Sam and Bill can solve all our problems. But, what problem can they solve. The main challenges facing the country are not digitization of access to technology. We need to provide the basic social infrastructure to our citizens; health, education and effective governance.”

He also took pot- shots at the repetitive praise heaped on India’s higher education system, especially the Indian Institutes of Technology (IITs). “Education doesn’t begin and end with the IITs. What really matters for the nation’s well-being is our school and university education system, both of which are in a real mess.” Mr. Bajaj didn’t spare Microsoft and its products either. “My company also uses many of the software products and solutions sold by Microsoft. It’s another matter that they should be cheaper and better.”

Few Quotes by Rahul Bajaj

“I don’t know if reservations are the ultimate goal or not but I can tell you that I am completely opposed to mandatory reservation” “If we had done it 10yrs ago, people would have asked what is there in India. But for the last few years, the whole world has been looking at India and investing in India, so there is an Indian story to be told” “There will be a backlash from those who don’t benefit from the system.”

Apple Inc:Steve Jobs-Chief Executive Officer 2000-2011

Steve Jobs
CEO Apple Inc







“I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come”. 




Steve Jobs started his career as Co-founder of Apple in 1976.By his introduction of Apple -2 and Macintosh computers, he democratized computers i.e. can be used by any person who knows basic computer languages, much user friendly. Later he was out of Apple in 1985.Again he was back in Apple in 1997 as an Interim- CEO.This was the first step forward of Steve to save Apple from bankruptcy and reported losses of $700mn. Within two years as Interim -CEO, Steve changed the strategies of product lines and introduced iMac, Mac G3 tower and Wi-Fi product; turned around Apple and gained back its old legacy.



Steve Jobs took up reigns as full time CEO on January 5; 2000.He worked hard and launched various path-breaking products like MacOSX with 3Dgraphics, iPod, iTunes,

iDVD, iPhoto, iCal, iApps, Apple retail stores, Apple TV, iPhone, iPad etc.He worked extensively for two decades to design, create and innovate all these products at Apple. This shows his profound passion for technology. He not only unveiled these products, but also took all possible ways to create awareness and interest in consumers through stage shows, commercial ads, retail Apple stores as many as hundred throughout U.S. ,thus followed  powerful marketing strategies. He created a Golden Era of revolutionary products for Apple Inc. Apple Inc reported its last losses in 2001.In Jobs tenure all these revolutionary products created revenue of nearly $350mn.His contributions to technology and Apple Inc are outstanding.

He crated a revolutionary technology in music world that captured major market share and Steve remained in hearts of many people. He became Emperor of technology.
This shows his keen knowledge and quick exploration of technology, which will be admired by the consumers. Steve was Perfect blend of vision, leadership, management, and technical Know-how. The design and the features of the products he introduced show the way he thinks beyond the expectations ; which makes him stand ahead of leaders in the industry in thinking and framing strategies and the way he changes the change before the change changes him. He became charismatic icon for millions of people by succeeding in making technology seamless, intuitive, exiting, beautiful and easy to use rather than dull and complicated. He also paved way for 3D animation, which was not possible without him. He lived his dreams of making big things.

As Steve was suffering with ill health, he resigned as CEO on August 25, 2011, with Tim Cook as his Successor. Steve was legendary and all time strategist and great visionary, who looked decades ahead. He laid a concrete path to follow for the future generation leaders, managers and visionaries. He left the world for good on October 5, 2011, but his revolutionary technological achievements always remind him to us. His loss created a vacuum in the world of technology. Steve forever stayed in the pages of history and this would be the greatest tribute of humanity to him. Impressions and Impact of great leaders like Steve Jobs cannot be erased.

Career Outlook
Career of Steve Jobs was like a roller coaster ride with full of excitement and a dream to achieve heights in making a world’s best computer. Jobs in 1974 was desperately in need of money and took a job at Atari; known to be a first video gaming company making pinball machines, started by Bushnell. When he was at Atari, he made a trip to India to meet a baba for enlightenment, but returned disappointed. In 1974, Steve worked for Atari and his high school friend Woz was working for HP; and both of them attended Homebrew, a computer hobbyists club. Steve found the potential and got interested in homemade computer of Woz, thought that computer is essential to run software programs. Finally, they planned to assemble the computers themselves and sell the whole board at Homebrew meetings. Therefore, in 1976, Steve and Woz started Apple Computer Co; the name was suggested by Jobs after visiting an “apple orchard”. To get 1,000 dollars required to make the first computer board, Jobs sold his Volkswagen van and Woz his HP 65 calculator. Both the friends shared 45% of shares of the company each and remaining 10% was given to Ron Wayne ,Job’s friend at Atari; who helped them for paperwork to start the company and drew the logo for the company.



Steve and Woz assembled the computer parts in Job’s garage and sold them to Homebrew members. It costed them $200 and they sold it for $500 at a margin of 33%. This way they sold a few hundreds and the response was not very promising as they expected. Later Ron was sent out; paying him some amount and the company was incorporated on April 1, 1976.

Steve and Woz started working on Apple-2, based on Apple -1 design with improved design and it was a huge breakthrough. Apple -2 created a revolution in personal computing, because it was the first computer that was user-friendly and could be used by any one who knows basic programming language. It was the only computer that could produce color, with any color TV you would plug it in; It could handle high-resolution graphics and sound, and had a basic interpreter built-in software called VisiCalc (first spreadsheet brought to the market) that worked only on Apple -2, which added upon to its success.

After Apple 2 was finished, Steve and Woz were looking for venture capitalists, who could fund the company and that was done by Mike Murukkula a former Intel employee 34yrs old .He met Steve and Woz, got impressed by their vision and was sure of return on his investment. Mike drew a plan to manufacture 1,000 computer units for 250,000 dollars. The logo of Apple was also changed with a bitten Apple and the colored stripes that represented to emphasize the Apple -2’s ability to display color and the Apple computer was placed in a plastic case and looked like a professional computer. Its sales were sky rocketing until 1980. The company had revenue of $47 million in fiscal year 1979, making Steve Jobs a millionaire owning $7 million worth of private stock. Finally, on December 12 1980, Apple Computer Inc went public; the operation was a huge success beyond anyone’s expectations. It was the biggest public offering in American history. After the IPO, Steve Jobs was worth $217.5 million, $210 million more than the day before.

Apple -3 and Lisa encountered unbelievable failure and Steve was not in both the projects, because he was a tough and harsh manager and the Engineers did not want to work with him. Therefore, Mike decided to send out Steve, as a head to handle Mac team. At this time, Apple was dependent on its 6yrs old version Apple-2 for its revenue. John Sculley was brought in as CEO, who had a good relation with Steve at the beginning. Macintosh was given number one priority in Apple. The computer world was shaken by introduction of IBM’s PC. Despite of huge commercial advertising and release of Macintosh as a revolution to a cheering crowd at Cupertino’s Flint Center auditorium; the response was damn slow in first two months. With Apple's stock price sinking, conflicts between Jobs and Sculley mounted. Sculley won over the board in 1985 and pushed Jobs out of his day-to-day role leading the Macintosh team. Jobs resigned his post as Chairperson of the Board and left Apple within month.

Steve Jobs’ main passion was still in building computers that made him to start a company named NeXT, and the NeXTCube was released in 1988. Unfortunately, due to its high price- tag and a lack of useful software, the computer did not sell well. After years of trying to improve the machine and cut the price, sales still did not improve, and the company’s co-founders left, one after the other. In 1993, NeXT gave up its hardware business and focused only on its advanced software technology.

Meanwhile, in 1986, Steve Jobs bought the Pixar Company for $10 million. This company had been trying to sell advanced graphic workstations to specialized markets without success. In 1990, the company focused on developing an advanced 3D language called RenderMan. The animation division remained because its work on TV commercials was bringing in revenue. Pixar was contracted by Disney to make a full feature film with computers in 1991, but this contract was cancelled by the end of 1993.But, Pixar returned to Disney with an improved script for the Toy Story feature film, and the project was re-ignited.

Realizing the power of the Disney brand, Steve Jobs took Pixar public the week after Toy Story was released and cashed in on the media hype surrounding the first computer-generated animation movie, with great success Steve got 80% share in the company and his net worth rise to over $1.5 billion.

In 1996, Apple was running down at an alarming rate, failing to deliver new products on time and lagging behind in software development. Gil Amelio was CEO, starting in February 1996. In the same year, Gil bought Next for $400mn and Steve was appointed “informal adviser” to CEO Gil Amelio. Gil Amelio lost his position as CEO after announcing Apple’s losses of $700 million for the first quarter of 1997, and Steve Jobs was named interim CEO in July of that year.

Steve started working hard in 1997 to get Apple back on track. He hired Tim Cook, as COO in 1998.His first decision was to kill Mac, which affected the hardware sales and that Apple would drop its 20+ product lines and make just four great products: a Consumer desktop, a Consumer notebook, a Pro desktop, and a Pro notebook. The first product lines to be reinvented by Steve Jobs were the Pro products, Power Mac and PowerBook, which he unveiled in November 1997, only eleven months after he came back. These machines were relatively fast machines designed for creative professionals, which outperformed their Pentium-based competitors in many respects. Apple was back to profitability, it had made a $45 million profit in the last quarter of 1997. Steve unveiled the iMac on May 6 1998, at the Flint Center auditorium in Cupertino. The iMac was also the first personal computer only with CD-ROM drive. Most striking feature of iMac was its design; it was a translucent, blue/green, round machine in a boring world of beige boxes, which influenced a whole generation of designers. The iMac proved one of Apple’s biggest hits, selling two million units in its first two years.

Steve made two product announcements at Macworld San Francisco, in January 1999. First was a brand new Power Mac G3 tower that was not only faster, but also featured a new, appealing design inspired by the original iMac. Second was that the iMac would now come in several colors. After six months, Apple to fill its product matrix with powerful product mix of breakthrough computers, in July 1999, Steve unveiled the iBook at Macworld New York. In the same show, Apple launched first Wi-Fi product, the AirPort base station. Wireless connectivity was typical of an Apple innovation.

After two years as Interim CEO, Steve Jobs completely turned Apple around. He restored the company’s public image, implemented a winning and focused strategy, attracted software developers, and launched highly innovative and inspiring products on the marketplace.



January 5th, 2000 was a great day for Apple as Steve not only saved the company but also took up the responsibility of full time CEO of Apple Inc. His work at Pixar was only confined to negotiating with Disney, leaving him enough time at Apple.

Mac OS X was the result of three years of hard work by all of Apple’s Software Engineers to port NeXT STEP to the Mac platform. Max OS X had 3D graphics, were based

on the most widespread standard, OpenGL, and the media core was Apple’s QuickTime, an old Mac technology. Mac OS X shipped on March 24, 2001, and became the core of Apple’s success. Apple entered into retail business and inaugurated their first Retail Store in May 2001. In addition Digital hub strategy was also unveiled in 2001.

Apple’s software developers worked on new Digital Lifestyle Applications, namely iDVD for movies, iTunes for music. In addition to iMovie, iDVD and iTunes, iPhoto was released in 2002, followed by iCal later that year, Garage Band (for recording and editing music) in 2004, and iWeb (for making websites) in 2006. The reason Apple was able to develop such breakthrough Software so rapidly was, mainly Mac OS X, with its Object-oriented environment inherited from NeXTSTEP.The iApps was a killer application, by which all the windows users had to switch over to Mac, as they do not have complete digital life solution on their platform.

In late October 2001, iPod was released which created a digital revolution for music lovers. Shiny white ipod has click wheel, user interface made browsing easy and fast, and its 5GB memory stored nearly 5000 songs; in your pocket. This mind-blowing product is connected to your Mac via FireWire, which was 30 times faster than your typical USB MP3 player that synchronizes with iTunes. Steve unveiled an iTunes music store on April 28, 2003, at a special Music event. Five million songs were sold in first eight weeks, and another eight million in the next fifteen weeks, bringing iTunes’ share of legal music downloads to 70%, but was only Mac-compatible.

Steve unveiled iPod mini, a smaller version of the iPod, in January 2004, which came in attractive colors and soon captured the MP3 player market in the world. A year later, he launched the iPod shuffle, a cheap, flash version of the iPod, to go after the rest of the competition. The Company improved its product line every year, introducing the iPod nano in September 2005 and the iPod video the following month. Every year after that, the iPod line was refreshed every September. As of 2006, Apple’s market share in music world was 70% and remained at same level even today.

Apple fought for approximately a decade to gain market share in PC industry. The entire product line was ported to Intel in less than a year. In January 2006, the iMac and the Pro notebook replaced Mac Book Pro, then came the Mac mini in February, followed by the Mac Book (replacing the iBook) in May and the Mac Pro (former Power Mac) and XServe in August. The Apple TV was officially released at Macworld in 2007, but it has yet to prove itself as a successful product.



On January 9, 2007, Steve took the stage at Moscone Center in San Francisco; he unveiled iPhone, which made a history.  This little box less than half an inch thick was the ultimate digital pocket device, it worked as a Computer/ iPod / Phone that allowed its owner to make calls, take photos, handle contacts and email, browse the Web, listen to music and watch movies in a easy way that was unmatched by any of its contemporaries.

After the release of Apple TV and iPhone, the company’s name was changed, from Apple Computer Inc to Apple Inc.Later Steve had some health problems. On Jan 5, 2009, Steve announced that he was diagnosed with pancreatic cancer and he has to undergo a liver transplant. He took off and was again back with good health to Apple in late June 2009. After an almost entire year of complete absence from the media scene, due to his

health problems, Steve has made an impressive comeback in 2010 and on January 27, Steve Jobs finally launched iPad(on which he started working even before the iPod), Apple’s much-anticipated tablet. The iPad turned out an amazing success. Apple sold 7.5 million of them as of September 2010, representing close to 8% of its revenue for FY 2010.Apple Inc came out of bankruptcy and became dominant player in the high tech industry under the leadership of Steve Jobs.

Steve resigned from Apple Inc as CEO on August 24, 2010 with Tim Cook as his successor.
More about Steve Jobs

    Born: Steven Paul Jobs February 24, 1955 San Francisco, California, U.S.
    Died: October 5, 2011 (Aged 56) Palo Alto, California, U.S.
    Nationality: American
    Alma mater: Reed College (Dropped out after one semester in 1972)
    Occupation: Co-founder and CEO, Apple Inc (1974-2011)
    Religion: Buddhism
    Board member of: The Walt Disney Company, Apple Inc.
    Marital Status: Married
    Children: 3 daughters and 1 son


Steven Paul Jobs was born on February 24, 1955, in San Francisco. Both his biological mother and father were students at the time Steve was born; Joanne Simpson an unmarried graduate student and Abdulfattah Jandali was student from Syria. Simpson gave Steve for adoption to Clara and Paul Jobs; a lower middle class working couple living in Los Altos, California; taking a word from them that they would send him to college.

The couple who adopted Steve started calling him Steve Paul. Steve’s father was a machinist from Middle West and was educated very little; not even high school. The couple moved to Santa Clara County, when Steve was a toddler. Three years later in 1958, the couple adopted a baby girl called Patti, who was Steve’s sister.

Steve in his early childhood days did not care much about his schooling. In 4th grade a teacher called ‘Teddy Hills’; whom Steve stated “saint of his life” ; bribed him with candy’s with her own money and created an interest in him and put him back on track. He skipped 5th grade and went to Crittenden Middle School, it was a poor area, and children were not really working on anything good, except bullying other kids. So, Paul Jobs and Clara Jobs moved to Los Altos to send Steve to Cupertino Junior High. This was an ever-best decision made by the couple, which was a turning point to Steve’s future.

Silicon Valley was a place where billions of dollars of government funds were spent on upcoming technology of computing and space races. A person in Silicon Valley won noble prize for invention of transistor and HP was the robust company in 1939.As Steve was growing in Los Altos; he was very attracted and curious towards the field of electronics, inspired by the things happening around. Especially the Heathkits introduced by his father build a tremendous self-confidence, learning complex things by exploring things around our environment. These Heathkits would come with a detailed manual to assemble smaller parts, which are differentiated by a color code. Steve build few of the Heathkits, which made the things clear and he experienced the essence of human creation.



Steve Jobs at Mr. McCollum’s Electronics class
Steve enrolled himself in electronics classes at Homestead High School. The best friend of Steve (14yrs) at Homestead was Stephen Wozniak (Woz 19yrs); both of them met in 1969. Bill Fernandez and Woz were involved in making computer board; and it was Bill that introduced Steve to Woz. Steve was very interested in electronics, which landed him in a summer job at Hewlett-Packard before he had finished high school. Steve’s entrepreneurial skills were prominent from his early days of childhood.

Later Steve Jobs stated:
“After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. Moreover, here I was spending all of the money my parents had saved their entire life. Therefore, I decided to drop out and trust that it would all work out OK. It was scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting”. Steve also did all the way different things like experimenting with Eastern mysticism. He read weird books and tried many philosophical things like fasting for long periods, eating only fruits like apples, having a laggered hippie etc. One of his best friends at Reed was Dan Kottke, who shared his interests in such philosophies.

He married Laurene Powell on March 18, 1991, at Yosemite .Few months later Laurene had Steve’s second child named Reed Paul. A media report reveals that, Steve Jobs spent most of his time with his family. When Jobs was able to make it to Apple, he would finish his work for the day and immediately return home for dinner with his wife and children. Little is known of Steve Jobs' personal life, and he wanted it that way. His obsession with secrecy continued until the day he died. As news of the seriousness of his illness (pancreatic cancer) became more widely known, Jobs was asked to attend farewell dinners and to accept various awards. He turned down the offers. "He was very human," Ornish was quoted as saying. "He was so much more of a real person than most people know. That's what made him so great."

He saw a few close friends and kept in touch with Apple executives in advance of the iPhone 4S launch. He also made time for his final conversations with Isaacson, even though on one visit his biographer found him “curled up in pain” in a downstairs bedroom, too weak to climb the stairs. In one of their writing sessions, Isaacson asked why Jobs had finally agreed to co-operate for a biography. “I wanted my kids to know me,” he replied. “I wasn’t always there for them, and I wanted them to know why, and to understand what I did.”

Finally, Steve Jobs a Great Star Entrepreneur of the world left his last breath peacefully, surrounded by his family on October 5th ,2011 .His loss was not only felt by his family ; but also was felt by the whole world of technology.

Steve’s Commencement Speech at Stanford University (2005)
"Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything -- all external expectations, all pride, all fear of embarrassment or failure -- these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart."

Inspiring Quotes of Steve Jobs
“That has been one of my mantras - focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. Nevertheless, it is worth it in the end because once you get there, you can move mountains”.
“Technology is nothing. What is important is that you have a faith in people, that they are good and smart, and if you give them tools, they will do wonderful”.

“I have a great respect for incremental improvement, and I have done that sort of thing in my life, but I have always been attracted to the more revolutionary changes. I do not know why. Because, they are harder, they are much more stressful emotionally. Moreover, you usually go through a period where everybody tells you that you have completely failed”.

“Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty, because they did not really do it, they just saw something. It seemed obvious to them after a while. That is because they were able to connect experiences they have had and synthesize new things”.

“Again, you cannot connect the dots looking forward; you can only connect them looking backwards. Therefore, you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life”.

“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations”.

“My favorite things in life do not cost any money. It is clear that the most precious resource we all have is time”.

“I have always wanted to own and control the primary technology in everything we do”.

“Being the richest man in the cemetery does not matter to me. Going to bed at night saying, we have done something wonderful that is what matters to me”.

“I am an optimist in the sense that I believe humans are noble and honorable, and some of them are smart. I have a very optimistic view of individuals”.

“For you to sleep well at night, the aesthetic, the quality, that has to be carried all the way through”.

“Innovation distinguishes between a leader and a follower”.

“Sometimes life hits you in the head with a brick. Do not lose faith”.

“Stay hungry, stay foolish”.

Management Style of Steve Jobs
Management style of Steve Jobs sounds all the way too different. Here are few instances of his management style: "We've got 25,000 people at Apple. About 10,000 of them are in the stores. My job is to work with sort of the top 100 people, that’s what I do. That does not mean they are all vice presidents. Some of them are just key individual contributors. So when a good idea comes, you know, part of my job is to move it around, just see what different people think, get people talking about it, argue with people about it, get ideas moving among that group of 100 people, get different people together to explore different aspects of it quietly, and, you know - just explore things."

Job’s approach on hiring people
"When I hire somebody really senior, competence is the ante. They have to be smart. However, the real issue for me is, Are they going to fall in love with Apple? Because if they fall in love with Apple, everything else will take care of itself they will want to do what is best for Apple, not what is best for them, what is best for Steve, or anybody else? "Recruiting is hard. It is just finding the needles in the haystack. We do it ourselves and we spend a lot of time at it. I have participated in the hiring of maybe 5,000-plus people in my life. Therefore, I take it very seriously. You cannot know enough in a one-hour interview. So, in the end, it is ultimately based on your gut. How do I feel about this person? What are they like when they are challenged? Why are they here? I ask everybody, 'Why are you here?' The answers themselves are not what you are looking for. It's the meta-data."

Steve Jobs was an unconventional leader
His management style was not the stuff of university textbooks – he wasn’t known for his consultative or consensus building approach. In contrast, Mr. Jobs has gone against that trend, ruling with an iron hand, attending to every little product detail, and keeping employees on a roller coaster of praise and fear. He was a "high-maintenance co-worker" who demanded excellence from his staff and was known for his blunt delivery of criticism.

Nevertheless, it was his sheer genius combined with his ability to articulate his vision and bring staff, investors, and customers along on the journey - plus the lessons learned in a major career setback - that made it work. The results were indisputable. Despite Mr. Job’s harsh management style, Apple employees are devoted. "That is because his autocracy is balanced by his famous charisma, he can make the task of designing a power supply feel like a mission from God.
Ten Golden Lessons of Life from Steve Jobs
His accomplishments and character helped define a generation and change the world. He is co-founder of the fairytale company we now know as Apple Computers. He is the visionary of the personal computers world that led the entire computer hardware and software industry to restructure itself.

Here is a selection of some of the most insanely great things he said, golden lessons to help you succeed in life, Jobs-style:
“Innovation distinguishes between a leader and a follower.”
Innovation has no limits. The only limit is your imagination. It is time for you to begin thinking out of the box. If you are involved in a growing industry, think of ways to become more efficient; more customer friendly; and easier to do business with. If you are involved in a shrinking industry – get out of it quick and change before you become obsolete; out of work; or out of business. Remember that procrastination is not an option here. Start innovating now!
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.”
There is no shortcut to excellence. You will have to make the commitment to make excellence your priority. Use your talents, abilities, and skills in the best way possible and get ahead of others by giving that little extra. Live by a higher standard and pay attention to the details that really do make the difference. Excellence is not difficult – simply decide right now to give it your best shot – and you will be amazed with what life gives you back.

“The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.”
I have it down to four words: “Do what you love.” Seek out an occupation that gives you a sense of meaning, direction, and satisfaction in life. Having a sense of purpose and striving towards goals gives life meaning, direction, and satisfaction. It not only contributes to health and longevity, but also makes you feel better in difficult times. Do you jump out of bed on Monday mornings and look forward to the workweek? If the answer is ‘no’ keep looking, you will know when you find it “You know, we don’t grow most of the food we eat. We wear clothes other people make. We speak a language that other people developed. We use a mathematics that other people evolved… I mean, we’re constantly taking things. It’s a wonderful, ecstatic feeling to create something that puts it back in the pool of human experience and knowledge.”
Live in a way, which is ethically responsible. Try to make a difference in this world and contribute to the higher good. You’ll find it gives more meaning to your life and it’s a great antidote to boredom. There is always so much to do. Talk to others about what you are doing. Don’t preach or be self-righteous, or fanatical about it, that just puts people off, but at the same time, don’t be shy about setting an example, and use opportunities that arise to let others know what you are doing.

“There’s a phrase in Buddhism, ‘Beginner’s mind.’ It’s wonderful to have a beginner’s mind.”
It is the kind of mind, which can see the things, as they are, which step -by -step and in a flash can realize the original nature of everything. Beginner’s mind is Zen practice in action. It is the mind, which is innocent of preconceptions and expectations, judgments and prejudices. Think of beginner’s mind as the mind that faces life like a small child, full of curiosity and wonder and amazement.

“We think basically you watch television to turn your brain off, and you work on your computer when you want to turn your brain on.” Reams of academic studies over the decades have amply confirmed television’s pernicious mental and moral influences. Most TV watchers know that their habit is mind numbing and wasteful, but still spend most of their time in front of that box. So turn your TV off and save some brain cells. But be cautious, you can turn your brain off by using a computer also. Try to have an intelligent conversation with someone who plays first person shooters for 8 hours a day or auto race games, or role-playing games.
“I’m the only person I know that’s lost a quarter of a billion dollars in one year…. It’s very character-building.”
Don’t equate making mistakes with being a mistake. There is no such thing as a successful person who has not failed or made mistakes, there are successful people who made mistakes and changed their lives or performance in response to them, and so got it right the next time. They viewed mistakes as warnings rather than signs of hopeless inadequacy. Never making a mistake means never living life to the full.

“I would trade all of my technology for an afternoon with Socrates.”
Over the last decade, numerous books featuring lessons from historical figures have appeared on the shelves of bookstores around the world. Socrates stands with Leonardo da Vinci, Nicholas Copernicus, Charles Darwin and Albert Einstein as a beacon of inspiration for independent thinkers, but he came first. Cicero said of Socrates that, “He called philosophy down from the skies and into the lives of men.” So use Socrates’ principles in your life, your work, your learning, and your relationships. It’s not about Socrates, it’s really about you, and how you can bring more truth, beauty and goodness into your life everyday.

“We’re here to put a dent in the universe. Otherwise why else even be here?”
Did you know that you have big things to accomplish in life? Did you know that those big things are getting rather dusty while you pour yourself another cup of coffee, and decide to mull things over rather than do them? We were all born with a gift to give in life, one that informs all of our desires, interests, passions and curiosities. This gift is, in fact, our purpose. And you don’t need permission to decide your own purpose. No boss, teacher, parent, priest or other authority can decide this for you. Just find that unique purpose. “Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. Most important thing is, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”
Are you tired of living someone else’s dream? No doubt, it’s your life and you have every right to spend it in your own individual way without any hurdles or barriers from others. Give yourself a chance to nurture your creative qualities in a fear-free and pressure-free climate. Live a life that YOU choose and be your own boss. Each lesson might be difficult to integrate into your life at first, but if you ease your way into each lesson, one at a time, you’ll notice an immediate improvement in your overall performance. So go ahead, try them.



Anil Dhirubhai Ambani Group:Anil Dhirubhai Ambani , Chairman (2005),Reliance Anil Dhirubhai Ambani Group

  

Anil Dhirubhai Ambani headed Reliance ADAG in 2005, as an inherited business. He is the Chairman of all listed Group companies, which include: Reliance Communications, Reliance Capital, Reliance Energy and Reliance Natural Resources Limited. Anil Ambani took charge as co-chief executive officer of Reliance in 1983 and pioneered in financial innovations before he steered Reliance ADAG. Anil is young, dashing and dynamic entrepreneur of Indian origin, who has an enormous passion and obsession of testing new waters in business. He is highly risk taking business tycoon of today, heading the huge diversified conglomerate; with net worth of dollars 8.8 billion.

Under the leadership of Anil Ambani the company offers integrated telecommunication services, which include a wide range of services mobile and fixed line telephony, broadband, national and international long distance, voice, data, and video. His biggest asset is his around 66% stake in telecom venture Reliance Communications. The company is extensively into many fields like infrastructure, Asset management, financial services, Entertainment, Power, Natural resources and Petrochemicals.

The education and learning, his exposure to business environment right from his childhood days molded him up into an optimistic entrepreneur, who worked out the dreams of common people of India. Today Reliance ADAG entered every nook and corner of India, addresses the needs of one in ten Indians in their day to day life, with its products and services, extending its business into 2, 00,000 towns and 4.5 lakh villages; with over customer base of 100mn. The company has shareholder base of 12mn and has ties with five continents across the world, stands among largest in the world.

Anil Ambani lead ADAG into top third most valued business houses of India. By the end of June 2010 the market capitalization of Reliance ADGA accounted to Rs 1, 42,380Cr; which was 14% higher than the previous year’s quarter. The R-com and Reliance power which lead among the seven listed companies; made their investors wealthier by Rs 16,969Cr.This all shows the Anil Ambani’s keen perception on business, hard work and his efficiency in entrepreneurship. Anil Ambani is business Jewel of India and role model for many young upcoming entrepreneurs.

  
Career Outlook

After sufficiently educating himself Anil Ambani started his career in Reliance; in the year 1983 as Co-Chief Executive Officer. He managed the fund raising and marketing activities. Anil Ambani was in fact the man behind many innovations in the field of Indian finance. His first project which proved him as a financial wizard was, venturing into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds. He started in 1991 and succeeded in tapping global financial markets, and raised around US $2 billion from overseas financial markets. Under Anil's efficient stewardship, the 100 year Yankee bond issue was launched in January 1997.

 After demise of his father Dhirubhai Ambani in 2002, July; Reliance group was split between the two brothers and Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, Reliance Capital and Reliance Natural Resources Limited. This led to a new beginning called Reliance. Later this group entered the power sector through Reliance Power and the entertainment sector by acquiring Adlabs.

Anil played current trends in business and shifted traditional business into sectors such as Television, gaming and radio (Entertainment). One of Anil's major achievements in the entertainment industry is acquiring Adlabs, the movie production to distribution to multiplex company that owns Mumbai's only dome theatre. Reliance Big Entertainment (RBE). The RBE has entered into contracts with leading production houses in the movie world. It has signed a deal worth of Rs. 1500 crores with Amitabh Bachchan and family. Currently, the RBE is in talks with the Hollywood icon Steven Spielberg for a possible Joint venture deal where RBE will invest $600 million in Spielberg's Dream Works.

After the split in Reliance Group, Anil successfully held the post of Vice Chairman and Managing Director of the company. Anil Ambani founded Anil Dhirubhai Ambani Group in 2005. He is the Chairman of all listed Group companies, which include: Reliance Communications, Reliance Capital, Reliance Energy and Reliance Natural Resources Limited. Anil aggressively expanded Reliance communications which is one of the largest telecommunications company in India. At present, the ADAG is among India’s top three private sector business houses on all major financial parameters. As of 2010, he is the fourth richest Indian with a personal wealth of $13.7 billion, behind Mukesh Ambani, Lakshmi Mittal and Azim Premji.

More about Anil Ambani

    Born                          :4th June, 1959 (age 52yrs) Mumbai, Maharashtra, India
    Residence                 :Mumbai, Maharashtra, India
    Nationality                : Indian
    Religion                     :Hinduism
    Alma mater              :Bachelor of Science
                                      (University of Mumbai)
                                      MBA degree from the Wharton School
                                      (University of Pennsylvania)
    Designation              : Chairman Anil Dhirubhai Ambani Group
    Spouse                      : Tina Munim
    Children                    : 2

Anil Ambani was born in the year 1959, June; in Mumbai of Maharastra.He was younger son of Dheerubai Ambani well known business magnate; founder of Reliance Industries (28 December 1932 – 6 July 2002) and his mother Kokilaben Ambani.His elder brother is Mukesh Ambani, who is the first trillionaire of India.

Ambani’s Trio Dhirubhai,
Mukesh & Anil




  


Dhirubhai Ambani with Kokilaben & sons Mukesh Ambani & Anil Ambani

  


Anil Ambani spend most of his childhood in Ahmedabad and Mumbai. He completed his Bachelor of Science from K C College, Mumbai. and Masters in Business Administration; The Wharton School at the University of Pennsylvania. He is married to fomer bollywood actress Tina Munim and has two sons Anmol and Anshul. Anil right now stays with his wife, sons and mother at the 17-storeyed Sea Wind building at Cuffe Parade, Navi Mumbai. His wife, Tina, oversees a hospital in Mumbai named after his mother

Anil Ambani’s daily routine starts sharply, at 4 a.m. in the morning. “Concentration can be cultivated. One can learn to exercise will power, discipline one’s body and train one’s mind” are the great words of Anil Dhirubhai Ambani. He jogs every morning to keep him fit and also takes part in Mumbai Marathon once in a while. He is a vegetarian and does not drink or smoke. He drinks 6 liters of water a day and likes to eat Pav Bhaji. He loves driving cars. He now has a Bell 412 13-seat Helicopter which he purchased in 2001. He arrives at his office in a helicopter and works 12 hours a day. His lifestyle is a perfect blend of glamour and health. Anil lived a success story up to his dreams and he is known for his realistic approach and positive attitude towards life, Anil has become new generation role model business man, for the youngsters in India.

  

On personal front, Anil's lifestyle is highly social and colorful. Parties and get-togethers with celebrity friends are common. Anil's friends list consists of many famous personalities in the political and film circles. Amar Singh, general secretary of Samajwadi Party, is one of Anil’s close friends.

  

Awards and Honors and recognitions

Anil Ambani has got a distinctive recognition for his contribution to business and growth of his company. He made to the top list of many magazines and news papers on various fronts.  Forum (WIEF) is in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas. His honors include:

He was conferred the 'Businessman of the Year 1997' award by India's leading business
magazine 'Business India’
In 2001, he was awarded the First Wharton Indian Alumni Award by the Wharton India Economic
In 2002, he was conferred 'The Entrepreneur of the Decade Award' by the Bombay
Management Association
Anil Ambani was rated as one of 'India's Most Admired CEOs' for five consecutive years
in the Business Barons in July 2003
He was voted as 'MTV Youth Icon of the Year for 2003
He was adjudged as the CEO of the Year at the prestigious Platts Global Energy Awards for 2004
In 2006, Anil was voted the 'Businessman of the Year' by Times of India
In the 2009 India Today Power List, Anil was voted the 3rd most powerful person in India

Memberships

He held the responsibility as governor and member of educational institutions and government committees.
Anil was the member of Uttar Pradesh Development Council (this council has now been scrapped)
He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar
Anil is member of the Board of Governors of the Indian Institute of Technology, Kanpur
He is a member of the Board of Governors, Indian Institute of Management, Ahmedabad
He is also a member of the Central Advisory Committee, Central Electricity Regulatory Commission
In June 2004, Anil was elected as an Independent Member of the Rajya Sabha, the Indian
Parliament’s Upper House, with the support of the Samajwadi Party. But he resigned in March 2006

Future Business Plans

In spite of all the odds Anil Ambani had vibrant business plans for ADAG for the future years. This shows his go getter type of brave and positive attitude and his strength in business variables; taking the company to the new heights.

His Reliance Power plans to build 13 power plants for $25 billion by 2014. Group's infrastructure arm is investing $5 billion in new roads and metro systems to be completed by 2012. His entertainment unit has committed $825 million to Steven Spielberg's DreamWorks Studios to co- produce films; first one likely to be a movie on Martin Luther King Jr. He's also bidding for debt-burdened studio MGM.

Anil Ambani said “It has always been our ambition to create a world-class bank". He was referring to a discussion paper recently floated by RBI on grant of new banking licenses. Anil Ambani told Reliance Capital shareholders at the company's 24th AGM that "The RBI has recently come out with a discussion paper, containing revised guidelines for the grant of a banking license".

Echoing his view, Reliance Communications Chairman Anil Ambani said, "Data is at the root of convergence. “Reliance Communications today asked the government to give due recognition to broadband, which can bring in the next telecom revolution, with 3G also coming into the picture.

Leadership Style of Anil Ambani and Message to New Generation Entrepreneurs

After a vast experience and learning in leading Anil Ambani puts forth his views on leadership to awaken young leaders. Anil Ambani believes firmly in hard work. The passion you should have for your work is the foremost in having a leadership role in any activity.

Everyone in the company looks up to their boss for inspiration, especially since the boss. As a boss, a sense of purpose should always be in your mind. Every day should be treated as a new day at work and the optimism should show. The challenges should be met head on and dealt with the demeanor of one who enjoys doing it.

Trust the Lieutenants Delegation of power is important. You give a job to some one and if you keep nudging him, he would only be looking behind his shoulder and the work will not get done. Put somebody on a task and let him do the job. On the other hand, if you encourage him, he may come up with some idea that could change the company's fortunes! The sense of passion to build a successful business is to be shared with all those who have anything to do with the business.

Build Relationships A leader should be able to build relationship with people who could be from any walk of life because he is not to know who will come in handy in what. The relationship built should not be left to wither. It should be nurtured to good health. At the same time, humility should not be lost. And, family and social values should not lost sight of.

Do not Rest It is quite possible, with such dedication, for you achieve your goal. Should you rest on your laurels? Absolutely not! Raise the bar again and again. Never rest. Work harder than before and lead from front. Let the people behind you emulate you. Let them work even harder than you. You should be brave enough to tread untrodden paths, taking the risks inherent in a particular venture. You may fail sometimes. Who doesn't fail? Should that stop you from moving ahead? No, take it in your stride. Treat it as a learning experience and move on.

Risks are to be taken The modern times require the ability to marshal the resources and come up with innovative ideas. These ideas should be fueled by the energy that constantly flows from you. Risks are to be taken. You can not grow if timidity stops you from embarking on something new. Boundaries should be crossed and status quo should be discarded. Conventional wisdom is all good but if it stands between you and the growth, you should be able to defy it in the interest of the growth of the company.

Stepping Stone Your sight should always be the on goal you had set yourself and the hurdles, which will be many, do not have to stand in the way. Adversity is something that faces all successful businessmen. A good leader converts the obstacles into stepping stones and moves up leaving the adversity gaping at him.

Few Inspiring Quotes of Anil Ambani
“A leader is a person who can attract followers, if you think you are a leader, please look back when
you are walking. If there is nobody following you, you are not a leader of any type”
In a speech Anil Ambani memorized his father’s words as follows: “Dreaming with my eyes open, I
have a better chance than you to convert my dream into a reality. For you, to dream with your eyes
closed, you have a lesser chance to make it into a reality, but a much higher chance to convert it
into a nightmare. He said everybody talks about ‘karma’ and everybody talks about ‘destiny’. Let
me tell you that destiny, fate is not a matter only of chance, it is also a matter of choice. And in my
father’s words, for all of you, all of us in India, I believe if you can dream it, you can do it”
“Advertising is about norms and values, aspirations and prejudices. It is about culture”
“I think you have to work with people, and when I talk about managing relationships, don’t think the
derogatory ‘‘managed relationships’’. It is a question of sharing emotion and feelings. The common
denominator of everything can’t be money, and it should not be money”
“If you look at the top 20 companies of the world, 19 of them are still brick-and-mortar companies.
I have nothing against tech companies. What I am saying is that if you have a car manufacturer or
an oil and gas manufacturer, you won’t get the supply over the Net”

PepsiCo:Indra K. Nooyi -Chairman and CEO,


Indra Nooyi marked a new era of history in the corporate world as Chairman and Chief Executive Officer of PepsiCo. She is the first Indian woman to become CEO of a giant conglomerate with diversified food and beverage brands selling all over the globe; bringing smile and joy on millions of faces. She was on top in the checklist of all major food and beverage companies as CEO.Right now she is the role model for all Indian managers who are at the first step of the corporate ladder.

Since 1994, Nooyi took up different roles and transformed PepsiCo into the world’s leader in food and beverages; with a turnover of around $43bn. Her boundless hard work, strong determination, apt and quick decision making and ability to connect the circumstances in the  corporate and the outside world pushed PepsiCo way beyond imagination into 19 product lines like Quaker Oats, Tropicana, Gatorade, Frito-Lay, and Pepsi-cola. It is nothing amazing to tell that PepsiCo products entered the shelves of every family in 200 countries. This all happend because of concrete long lived vision of Mrs.Nooyi.
After joining PepsiCo in 1994, Nooyi took up role of President and the Chief Financial Officer in 2001 and Chief Executive Officer on 14th August 2006 as fifth CEO in forty one -year history of PepsiCo.




Top on compensation

Nooyi is the top-paid woman on the Forbes 2010 list, with $19.53 million in compensation in 2010, which was prestigious to PepsiCo.

The Indian origin CEO of PepsiCo was stated to earn 81 times more than the world’s richest man Warren Buffet, in 2007 by search firm Equilar for the New York Times. At that time Nooyi’s compensation was $14.74mn.

Nooyi with her Grandfather, Sister and brother 
Indra Nooyi spent her childhood in Chennai.Her life has been very simple and straight forward. Nooyi was born (in1955, Chennai) and brought up in a typical south Indian Brahmin family. Her parents educated her in Indian standards. Her mother imbibed her with Indian tradition and culture and always encouraged her to be what she wanted to be. Her father worked at the State Bank of Hyderabad and her grandfather was a district judge. She did her BSc. in Chemistry from Madras Christian College and subsequently earned a Master's Degree in Finance and Marketing from IIM Calcutta. Indra Nooyi also holds a Master's Degree in Public and Private management from the Yale School of Management.


Nooyi with her daughter In spite of reaching highest peaks in career; she shows exemplary simplicity and perseverance. She is highly energetic woman who is capable of managing all her responsibilities equally well of a mother and a wife. She lives with her husband Mr.Raj Nooyi and her two daughters in Fairfax County, Connecticut.

Awards and recognition
http://www.wisdomjobs.com/images/arrow.gif    At its 2009 commencement, Barnard College awarded Nooyi the Barnard Medal of Honour, the College's highest award.
http://www.wisdomjobs.com/images/arrow.gif  Forbes magazine ranked Nooyi third on the 2008 and 2009 list of The World's 100 Most Powerful Women.
http://www.wisdomjobs.com/images/arrow.gif  Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008 and 2009.
http://www.wisdomjobs.com/images/arrow.gif  In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report.
http://www.wisdomjobs.com/images/arrow.gif  In 2007, she was chosen as a recipient of the ‘Padma Bhushan’ award by the Government of India.
http://www.wisdomjobs.com/images/arrow.gif  In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.
http://www.wisdomjobs.com/images/arrow.gif  In January 2008, she was elected Chairperson of the US-India Business Council.
http://www.wisdomjobs.com/images/arrow.gif  Indra Nooyi has been named 2009 CEO of the Year by Global Supply Chain Leaders Group.
Career Outlook
Before joining PepsiCo in 1994, Indra Nooyi was Senior Vice President of Strategy and Strategic Marketing for Asea Brown Boveri, and Vice President and Director of Corporate Strategy and Planning at Motorola. She extended her services at Mettur Beardsell and Johnson & Johnson.

At the time when Nooyi began her career journey at PepsiCo as SVP, Roger Enrico was the chairman and CEO of Frito-Lay.Roger was asked to take charge of PepsiCo’s worldwide restaurant business chain which included Pizzahut, Taco –Bell and KFC; were running at a very slow pace with diminished sales volumes and unaccountable profits. To deal this typical situation Roger and Nooyi worked together. Both of them put up their enormous efforts, experience and after a tedious research they arrived at a solution that there was a mismatch between PepsiCo’s adopted model of restaurant business; which resembled management and distribution model suitable for packaged goods industry rather than a services industry.

As a great strategist and a quick & powerful decision-maker; she took a major role in spin-off of Taco Bell, Pizza Hut and KFC; which were popular food brands in USA. Roger Enrico was against this decision; but Nooyi managed to persuade him. Nooyi herself being a big fan of Tropicana juice, was sure that acquiring Tropicana would turnaround PepsiCo.  She steered the takeover of Tropicana for $3.3bn in 1998. This major decision gave a breakthrough to both PepsiCo and Nooyi. This move did not increase profit margins remarkably. So, Nooyi has to think of different strategies to turnaround PepsiCo.


Indra Nooyi and Quaker Oats executives; when PepsiCo Purchased Quaker Oats in 2001

Later after a thorough scrutiny; she made the following major moves like buying two bottling companies; PepsiAmericas (PAS) and Pepsi Bottling Group (PBC), which approximately produced $300 million.

As the consumer interests were shifting to consuming health conscious- foods; keeping in view consumer interests Nooyi headed the merger of Quaker Oats for $13bn.All these moves shot up PepsiCo’s margins and paved way for Nooyi to become the company’s fifth CEO as a successor to Steve Reinemund in 2006.

Nooyi restructured PepsiCo into a giant conglomerate in food and beverages industry with 19 product lines, consumers in 200 countries, and 300,000 employees worldwide. Since 2000, after Nooyi became Chief Financial officer, the companies annual revenues raised to 72% and the net profit doubled to $5.6bn last year. PepsiCo emerged as an unbeatable food and beverage company of the world under the leadership of Nooyi.

Nooyi is taking different angles of thought to sustain this multi-year growth model;by investing more on R&D to come up with products with absolutely little sugar or no sugar, making products with low fat and low sodium content enhancing health of people. Cultivating organic crops in different parts of the planet and innovatively and scientifically using them in their own products.Wise use of energy, water and packaging material to protect the environment. Employing diverse work force.Emhasizing on multi-grain snacks and vitamin enriched water would not only push up nutritive values but also investors benefits.

Different streaks of Nooyi
Being herself
Nooyi landed in USA for her masters in Yale University at the age of 23.Having come from a middle class family; she had to work through out the night as a receptionist to support her financial requirements to pursue her higher education. Being an immigrant, being a woman and having dark skin made her journey three times harder. But she worked as much hard to achieve her life ambitions. After her masters, when she attended her first interview; she was not comfortable with her western outfit and got rejected. For the next interview she wore a sari in which she was comfortable and got the offer. This incident thought her a lesson “to be herself”; which she followed for the rest of her life. She was so secure in herself; and she doesn’t have to be American to play in corporate life. Her hard work rouse her to be most powerful woman in the world by Forbes.

Broke the glass ceiling
In 1994, Nooyi joined in PepsiCo as VP of corporate strategy and development. She made her way to the high position of the corporate by making powerful decisions, broad outlook, keen perception and high implementation and negotiating skills. She did work harder than male counterpart. After 12yrs of hard work; she proved herself breaking the glass ceiling and was announced as CEO of PepsiCo in 2006

Her empathy
She attributes her success to all the employees of Pepsi. She says for a company to run at top speed it has to retain its best employees. She always advices her employees to maintain work-life balance. She helped her employees in all possible ways and didn’t mind guiding them from boardroom to front office. She always spent time in writing thank you letters to spouses and parents of all her employees. She always considered employees as her extended family and maintained an open- door policy.

Her traditions and beliefs
She had lot of traditions and beliefs which she inherited from her home country, India. She keeps image of Ganesh in her office. Shoes are not allowed into her big pooja room at her home at Connecticut. She says after hours of tedious work, when she closes her eyes and thinks of temples like “Tirupathi”; Hinduism floats and her mind calms down. Some PepsiCo officials who visited India got Ganesh idols and were told of Hindu belief about Ganesh being the symbol of auspicious beginnings. Nooyi attends PepsiCo board meetings in a sari; for she believes the corporate world appreciates people who are genuine.

Her work-life balance
Although she is stressed out at the office taking crucial decisions; which involve millions of dollars and future of a company; as she moves out of office she calms down. She enjoys listening to Carnatic music at home. She always says “First I am a mother, then a wife, then a daughter-in-law and at last a CEO”. She spends time in watching basketball matches of Chicago bulls. She was in rock band and cricket team while in college. She enjoys singing karaoke in company parties. She always was thankful to her husband for being behind her success.


Indra Nooyi’s success formulae

Pepsico’s president summed up success with simple ideals, perspicacity and conviction.

From her roots in Chennai, where she grew up, Indra Nooyi hitched her career aspirations to a star and has emerged as one of the most recognised icons of corporate success to originate from India, being cited among rankings of global corporate achievers



http://www.wisdomjobs.com/images/arrow.gif    “There are no limits to what you can do”.
http://www.wisdomjobs.com/images/arrow.gif  True success is being happy with yourself, is being fulfilled. And that comes from devoting your time, your life, to doing what you love the most”
http://www.wisdomjobs.com/images/arrow.gif  The core of the concept of success lies in knowing “what you want to do in life” and those who have triumphed at “figuring out” that issue should consider themselves “tremendously blessed”.
http://www.wisdomjobs.com/images/arrow.gif  “What’s important is trying to be the best and working to get there. And that’s how you fulfill your potential.”
http://www.wisdomjobs.com/images/arrow.gif  “Never stop learning” regardless of one’s age, and such  learning should not be restricted to academic knowledge, but be supplemented with “street smarts” and being aware of matters and issues in the real  world. Keep that natural curiosity”.
http://www.wisdomjobs.com/images/arrow.gif  “Keep an open mind”.
http://www.wisdomjobs.com/images/arrow.gif  “An important attribute of success is to “be yourself,”
http://www.wisdomjobs.com/images/arrow.gif  Never hide what makes you.”
http://www.wisdomjobs.com/images/arrow.gif  The central pillar of success rests on three important factors, which Indra Nooyi cites as, “family, friends and faith”. Prosperity and comforts notwithstanding, “when things look bleak and uncertain, it’s your family, friends and faith that pull you through….And when I’m wrestling with change in my life, good or bad, the  first place I turn to, is my religion. I tell you, it really helps  

Leadership Strategies of Nooyi

She believes that each one of PepsiCo’s 18,000 employees is a leader. She credits that a culture that recognizes hard work and encourages initiative. She names five skills that she believes are the hallmarks of good leaders: 

Competence. You must be an expert in your function or area of expertise. You will become known for that.
Take a Stand. You must be known for your courage and confidence to act and say what you believe is right.
Communication Skills. Communication skills are critical. You can never over-invest in them.
Coaching. Surround yourself with good mentors. Listen. Learn. Your mentor is a major force.
Your Moral Compass. Have the strength and courage to do what’s morally right, not what’s expedient. Your moral compass must be your true north.

Glance of various interviews

Nooyi
represented PepsiCo and spoke about different issues in interviews with different media and built up awareness of people about the PepsiCo products and future strategies that the company in implementing in interest of consumers, investors, employees and competitors. Here are random picks of few interviews.

When asked about obesity issue:
You've said that Pepsi should be part of the solution, not the cause, of obesity. How are you and PepsiCo planning to go about that?

If all consumers exercised, did what they had to do, the problem of obesity wouldn't exist. But because society has changed so much, I think we can also be part of the solution by transforming our portfolio.
For example, the scientists invented a micro-crystallized salt that could reduce sodium in Lays chips by as much as 25%."good-for-you" products like Quaker, Tropicana, Naked Juice, and Gatorade. We are putting a lot of R&D dollars behind developing more "good-for-you" products that taste great and we're also investing in new sweeteners and salt-reduction technologies to make our "fun-for-you" products better for you. So we've made the investments and we've made it work within the portfolio.
When asked about PepsiCo’s growth in this economic environment:
We've also seen tremendous fluctuations in the commodity markets, particularly the price of sugar really skyrocketing. How has that impacted the umbrella of PepsiCo's businesses?
Regular sugar as opposed to high fructose corn syrup is really used in countries like Mexico, certain Latin American countries and certain Asian countries and the Middle East. In most other parts of the world, we use high fructose corn syrup. So, the price of high fructose corn syrup hasn't gone up that much.
Sugar prices clearly have gone up and where sugar prices have gone up, clearly the input costs in those countries do go up because where there's full sugar Pepsi, sugar prices go up. But Diet Pepsi's also such a big part of our portfolio. So, as the diet drinks, you know, grow much faster than regular sugar drinks, I think overall the portfolio seems to be working. 
When asked about managing career and family simultaneously:
Tell us about how you are able to manage family and career and what advice would you give to women who are just beginning their careers?

We all know it doesn’t happen on its own, and like any working woman, it’s a constant challenge to balance my family and my career. By the way, I’d say the same goes for working men as well. In fact, your choice of spouse is key. In my case, my husband, busy with his own career, has been incredibly supportive and that has made a huge difference. Sometimes I’ve been more successful at balancing than other times, but it requires a great deal of attention every day. What matters most is to treat the need for balance as a priority, with a corresponding, conscious effort. I am a big believer in collaboration in all things, and my advice would be to keep reaching out—to friends, family, co-workers, whomever—don’t feel you must go it alone. See what’s working for others and keep building the set of tools you can use to actively manage the balance that works for you.


Nooyi with US president Mr.Obama
When asked about her accompanying Obama:
As somebody who is dear to India, dear to America and so well known across the globe, the big attention right now, the world's attention is now on President Obama's visit. You are one of the CEOs who accompanied him. There are those who are quipping that Barack Obama is here more as the CEO of United States of America than the President. So is it all about the money?

Well, you're making it sound like CEOs go only money hunting. That is not true. Look, I hope the President of the United States is also the CEO of the country because at the end of the day a President has to worry about politics, economics - he has to worry about all of it - and so wooing business and making sure jobs are available in the country is as much a job of the President, as the nation's security is, as the health of the people is. So he has to go out there and make sure you spread the economic message of the Unites States to the other parts of the world, so that there is economic prosperity in the United States and in other parts of the world. And I think he's doing that job right now in India and he's doing it well.

Views of Nooyi on environment and sustainability

Basically, our goal is to make sure that when it comes to water and energy, we replenish the environment and leave it in a net zero state. So across the world we have unleashed the power of our people to come up with ideas to reduce, recycle replenish the environment and we are making great progress by reducing how much water we use in our manufacture and the carbon footprint that we put on the environment. As a consequence, what we are seeing is an incredible investment in all these environment initiatives. But is otherwise really in two ways, one is tangible financial investment, second is a huge return on investment and because new employees are usually idealistic young people who just graduated from college. They want to come to a company to work for a purpose, which is wise about the next generation.

When Nooyi became the CEO of PepsiCo, the primary goal advocated by her was to achieve "Performance with Purpose." She implemented a number of measures to improve the sustainability of the company's operations and image by focusing on improvements in the health implications of PepsiCo's products. She expanded PepsiCo's business into developing markets worldwide and focused on increasing the composition of healthy foods in PepsiCo's product portfolio.

Human Sustainability
To the people of the world ... It's a promise to encourage people to live healthier by offering a portfolio of both enjoyable and healthier foods and beverages.

Environmental Sustainability
To the planet we all share ... It's a promise to be a good citizen of the world, protecting the Earth's natural resources through innovation and more efficient use of land, energy, water and packaging in our operations.

Talent Sustainability
To the associates of PepsiCo ... It's a promise to invest in our associates to help them succeed and develop the skills needed to drive the company's growth, while creating employment opportunities in the communities we serve.

Inspiring quotes of Nooyi
“Leadership is hard to define and good leadership even harder. But if you can get people to follow you to the ends of the earth, you are a great leader. As a leader, I am tough on myself and I raise the standard for everybody; however, I am very caring because I want people to excel at what they are doing so that they can aspire to be me in the future."

“Skills are of no use when you don’t have a perspective to use them”

“Don’t think of the difficult journey. Think, instead, of the wonderful destination”.


“If we do our work well, then I dream that all those extraordinary Indians residing all over the world will find their next generation back at home, in the amazing, abundant, talented land of India”.

“To be successful in foreign countries, you got to walk a mile in the shoes of those people; while in Rome, do as the Romans do. You retain your Indianness, but you also have to adapt to what that country needs. If you remain too isolated, you will never be successful”.

“With almost 25 million university graduates, India's scientists, engineers and academicians rank among the best in the world. These are wonderful assets. But the world will never know unless we shout if from rooftops loudly, clearly, frequently, in a captivating way”.

“You give a team of people a set of objectives and goals and get them all to buy into it, and they can move mountains”.

“Success isn't money, prestige or power because net worth can never define self-worth. True success is being happy with yourself, is being fulfilled. And that comes from devoting your time, your life, to doing what you love the most”.

More about Nooyi 

Born
28 October 1955 (age 55)
Chennai,Tamilnadu,India
Citizenship
United States
Madras Christian College
IIM Calcutta
Yale School of Management
Occupation
Chairman & CEO of PepsiCo
Predecessor
Steven Reinemund
Religion
Hindu
Awards
Padma Bhushan
2007