KTWV Volume 13 Issue 15: Budget Battleground Part 2

NDTV seems to have taken a firm place in our home in Finland.

Today I watched the Budget Battleground Part 2 from St. Andrew,s College, Mumbai. (I reported on the panelists in Part 1 in my earlier blog entry.)

One of the reasons I watched was that 54er/58er Rahul Bajaj, 54er from Cathedral School and 58er from St. Stephen's College, Chairman of Bajaj Enterprises and an Independent Rajya Sabha member was among the panelists. In 2009, when Annikki and I visited Delhi, Rahul stayed back one weekend evening so he could meet up with us in a party organized for us by Cathedralites led by 64er Deepak Deshpande.

I was under the impression that Adi Godrej was a Cathedralite, like his nephew 65er Jamshyd Godrej, who passed through Finland last year with his wife 65er Pheroza. Although I could not meet up with Jamshyd, I had a long chat with Pheroza, also a Cathedrtalite.

Adi Godrej was, however, from St. Xavier's School and College in Bombay.

There was another member of the alumni on the panel that was from my alma mater. It was 73er Vikram Singh Mehta, the Chairman of Shell, about 10 years my junior, but known for his bringing the Royal Shell Oil group back to India. I have not had the pleasure or benefit of meeting Vikram. He came into prominence well after I left India in 1984. Being from the same professional area, I did watch his career rise with interest.

The fourth panelist was one who I have not met but am associated with indirectly as he is the brother-in-law of one of my dearest friends, the late 59er Ashok Kapur, former Chairman of YES Bank. Rana Kapur is now in the top spot of the bank. I do not know him personally, so am unable to comment on his  stature.

The discussion was not very memorable in that nothing new was really thrown up. The focus was on the disinvestment of the Government of India from Public Sector companies as well as privatization.
Certainly, as leaders in the Private Sector, as family run companies in the case of Adi and Rahul, and as a leader of a MNC as Royal Dutch Shell, in the case of Vikram, and as the head of an outstanding private bank set up by Ashok in his heyday, the general opinion was that the Government should stick to Governing while industrialists and professional managers should stick to running businesses professionally.

It was one question from the students that really summed up the situation. Is the outsourcing boom was not far away. I am glad that a young student could recognize this as it will not be long before we see this side of the contribution to Indian growth completely dry up as localities as Vietnam, start to cut into our traditional business strongholds.

You can watch this episode in the NDTV archives.  Hope this link works:

http://www.ndtv.com/video/player/ndtv-special-ndtv-24x7/budget-battleground-what-india-expects-from-pranab-babu/226057

Enjoy.

KTWV 9 Issue 14: The ever youthful Rahul is 70

Young and dynamic Rahul Bajaj in 1986
Copyright The Hindu

At the top in 2006, Rahul Bajaj
Copyright The Frontline

“Do whatever you think best, but be best at whatever you do.”
– Member of Rajya Sabha Padma Bhushan Rahul Bajaj

Like a handful of people of the 1950’s as 57er Ashok (Tony) Jaitley, 58er Dr. Peter Philip, 59ers Sujit Bhattacharaya, and myself, 54er Rahul Bajaj was a Mumbai Cathedralite and a Delhi Stephanian. (There is an earlier blog entry on both blogs listing several more who share this common heritage.)

Ashok Jaitley, Tony to most of us, wrote a book about St. Stephen’s College. Rahul released the book where Mani Shankar Aiyar, another Stephanian of our era spoke. Here is a quote from Tony’s book:

"The same spirit of striving for the best was infused in all other activities despite the cultivated air of nonchalance that Stephanians have always sought to project about themselves. But this has not deterred the real achievers from being clear about their own perspective. Rahul Bajaj, one of the most innovative and successful captains of Indian industry, recalls his days in College as the second most powerful influence after his school in Bombay: 'It was the first whiff of freedom...and as the Cat Stevens number goes, "the first cut is the deepest." The notion of a performing elite was imprinted in my mind at College. We are all here to make a difference and we should be very good at something, is the essence of Stephania."

Also like Peter and me, Rahul was a Savageite and also House Captain. There, however, the similarity ends, as Rahul is one of the topmost industrialists in India and also ranks extremely high in the world.

It is reputed that Rahul was a sportsman. He was an outstanding boxer and won his weight most years. He is remembered as being part of the School Table Tennis Team. I also remember him as an long distance athlete. As I was just a newcomer to school in 1954, the year Rahul graduated, I am not fully and personally conversant with all his accomplishments at school.

The Bajaj Enterprise started as a sugar manufacturing factory in 1931. It has now grown to become one of the country’s largest business houses.

Rahul took over the running of the Bajaj Auto company in 1965. Activities encompass the manufacture of a whole range of products.

In 2001 the Bajaj Group had a sales turnover in excess of US$ 1,300 million. The Net Assets were worth US$ 1,333 million and the Net Profit was US$ 58 million. It was ranked as the 5th largest business family in India by the Centre for Monitoring Indian economy (CMIE).

It has under its umbrella over 25 companies and a strength of over 25000 employees.

It’s core strength, however, is the unshakeable foundation based on its tradition of trust.

Rahul's most recent interview with Chris Morris from the BBC was about the small car of Bajaj Auto, in relation to the Tata Nano. It can be found at this link.

The interesting similarity between Ratan Tata and Rahul Bajaj is that when Ratan was Chairman of Air India, Rahul was Chairman of Indian Airlines. (I do not remember Ratan as a Cathedralite but younger brother, Jimmy, was a 57er and played hockey and cricket with us.)

Rahul received the Padma Bhushan in 2001.

Cathedralite 54er and Stephanian 57er, Independent Rajya Sabha member, Chairman of Bajaj Group, Rahul Bajaj will turn 70 this Tuesday.

I hope as many of you that can will wish this outstanding Cathedralite / Stephanian and wish him many many more years of service to our nation.

(Many thanks to Cathedralite 56er HS Uberoi and Cathedralite / Stephanian 57er Ashok Jaitley (and his brother Ravi, Rahul’s classmate) for their valuable contributions when writing this tribute.)