Saturday, May 19, 2007

KTWV 08 Issue 16: Rahul's company split up

(Cross-posted on the Mumbai Cathedral and John Connon School Seventh Heaven Blog.)

There was news in the Financial Express of 18th May 2007 of Rahul Bajaj's business empire to be split in three.

Rahul is a Cathedral School 54er and a 58er Stephanian.

I am quite interested that Rahul has adopted this step rather early on in his giving up the full time responsibility of his companies, although he remains as Chairman of all three new companies.

It is obvious that Rahul intends to pre-empt what may arise if the two brothers, Rajiv and Sanjiv, should fall out, and even if the two are best of friends, this could happen.

This can be witnessed in several other family managed companies. So long as there is someone respected by all at the helm, the semblance of family unity may appear on the surface.

It is a wise father who ensures that all will remain calm once he is no longer on the active scene. The way Rahul has chosen to do this can ensure that the Bajaj Empire will continue to grow and become stronger, at least in Rahul's lifetime which, with the advances in healthy lifestyles of today, can be assumed to be at least another 25 years.

Only two weeks ago I wished my uncle, Mr. K. M. Philip, father of Cathedralites 53er Sen Philip and 58er Dr. Peter Philip, the latter who is also a 62er Stephanian, a happy 95th birthday.

I got my 59er Cathedralite classmate, Ashok Kapur, Chairman of YES Bank, and also the immediate next door neighbour of Mr. Philip in Mumbai, to drop in to wish my uncle and report on his health and well-being to me.

Ashok informed me that 95 year old Mr. Philip is still playing a daily round of golf, plays a good game of bridge and is still raring in his mental energy to do business!

My wife, Annikki, who has observed many of my family members, told me that the secret of Mr. Philip's long and healthy life is that he is always happy and content. His life is filled with laughter.

I can vouch for that as he is always wanting to do new things showing that his mental age is as when he came to Mumbai over 7 decades ago and started his businesses.

Considering that Mr. Philip was instrumental in MRF Ltd. entering the tyre field and then he later became the World President of the Young Men's Christian Association (YMCA), presiding over a group probably larger than the population of India, and yet he lived a life where he treated all who came across him as equals, his long life is because of his youthful outlook to life around him.

Let us wish our Rahul a similar long life presiding over a group of companies which are a tribute to India and Indian business acumen.

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