Monday, February 14, 2011

Reading : Pathbreakers

Read 6 out of 26 Top Achievers profiled in the 1st Series of Pathbreakers by Money Life. I read about RC Sinha, Aditya Puri, Mukesh Ambani, Ram Shriram, Satish Magar, Hafeez Contractor & Jagdish Seth.Each profile is an interesting read of good 6 pages. Lots of fascinating things about these achievers.

In each of the profile, there is something that caught my attention. Either the punch line of the article presented or something that these achievers said. Let me try & give a quick summary for each of them:

Aditya Puri. Has a nice write up about his Citi Career & how he joined Deepak Parekh to setup the HDFC Bank. One interesting comment 'When you are building the business, you cannot let anybody know that you are not so confident. It is a lonely situation'.

RC Sinha. A rare bureaucrate who has shown what a determined Government servant can do. Notably his achievement of building Mumbai Pune Expressway in record time @ half the cost of private  sector companies and how we handled situations are like feminine when he was the collector in Aurangabad.

Ram Shriram is the 2nd Investor who gave the cheque to Google. He is still a Director at Google & very much involved with its growth. One interesting statement " Humility is another trait that I look for. You listen a lot better if you are humble. And if you are a good listner, you absorb ideas from others"

Hafeez Contractor narrates his story as to how he struggled and reached where he is today. When he was in college, he would tell his friends that one day my office will be running in three shifts. Those days Everybody used to laugh. Hafeez Contractor managed to study in Architecture despite his poor performance till 10th. What followed of course is the history.

Prof. Jagdish Seth known internationally for his work on consumer behavior, relationship marketing, competitive strategy & geo political analysis. He makes an interesting statement when asked about not doing CA. "I found out that to be a CA you have to work for a firm for three yeras - without any money ! For a Gujarati bania, working for someone else itself was a shame. Working for no money was a double shame"

Mukesh Ambani talks well about opportunities lying ahead for Reliance. His observations on arbitrage opportunity in Agriculture are remarkable.

Satish Magar stands out with his philosophy on inclusive growth. Wonderful to learn how he went about setting up the Maragpatta Township and ensured that farmers also benefitted along with him.


It will take lot of time to read the rest & also the 2nd book in the series. But certainly looks worth.

However, I am not impressed with Money Life Magazine. I did not get a chance so far to  read these in detail. But layout, topics chosen for the issue did not impress me at first. Let's see.

Economic Times has started a weekly edition of 'Wealth' focusing on personal finance. For a Monday Morning read, I find the contents too much & too serious. I don't get their focus & just seems fat sheet of printed papers to me. I would have liked a thin size edition with a sharp focused articles on Personal Finance and with some lighter mood & brighter colors on every page.

Regards, Rohit

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