Friday, December 23, 2011
BIOGRAPHY OF INDIAN BILLIONAIRE AND SOFTWARE TYCOON AZIM PREMJI
Azim Premji is the man behind Wipro, one of the top IT Companies in India.The Forbes list (2009) of the worldsbillionaires has him on the 83rd position with a net worth of $ 5.7 billion. Premji was also, According to Forbes,the richest man in India from 1999 to 2005.
Azim Premji has always been known for being modest.Despite the fact that he is a billionaire , he flies by the economy class.He likes to stay in budget hotels or company guest houses rather than 5 or 7 star hotels.He drove a Ford Escort for around 8 years before upgrading to a Toyota Corolla.Paper plates were used at the wedding of his Son.
Azim Premji was born onborn July 24, 1945 in Mumbai,India .He did his schooling from St. Mary’s School , Mumbai and went toStanford University in the US for his electrical engineering.
In 1966 , Azim Premji’s Father passed away.Azim Premji left Stanford and came back to India to take control of thefamily business.Their Company, Western Indian Vegetable Products Limited (Now Wipro) used to manufacture cooking oil.
Azim Premji was only 21 years of age when he inherited the $ 2 million cooking oil company. He had to face many challeges in the beginning,but his courage and determination made himovercome all difficulties.
Since that time he has diversified and turned the businessinto a multi billion dollar technology enterprise.
IBM left India in 1980 and this gave Indian companies a golden opportunity to eter into computer business.Azim Premji acted fast and hired the best engineers to develop computers.Later , Wipro also started to make computer software.
Wipro got listed on New York Stock Exchange( NYSE ) in 2000.Wipro was the first company in India to adopt the six sigma concept.
Today ,Wipro is one of the leading IT companies in India and its businesses include R & D, Outsourcing , Consulting and Software.
Azim Premji foundation was set up in 2001.It is a non profit organization and runs various programmes to provide quality education to children in rural areas.
INDIAN WOMAN ENTREPRENEUR KIRAN MAZUMDAR SHAW OF BIOCON
Mazumdar Shaw is the Chairman and Managing Director ofBiocon, Country’s leading biotech company. In 2004, Mazumdar Shaw was named the richest woman in India with a net worth of more than Rs 2000 Crore. She was on the Forbes 2005 list of India’s 40 richest people.
Kiran Mazumdar Shaw was born on the 23rd of march, year 1953 in Bangalore, India. She pursued BSc in Zoology from Bangalore University. After college she left for Australia forPost Graduation. She studied brewing at Ballarat University in Melbourne and got the qualification of a master brewer. In 1974 Mazumdar Shaw started working as a trainee brewer with Carlton and United Beverages. Four years later, she joinedIreland’s Biocon Biochemicals Limited, where she worked as a trainee manager. Soon after that she set up Biocon India, in collaboration with the same Irish Company.
Mazumdar Shaw started Biocon in 1978 form a rented garage space in Bangalore and with an intial investment of just Rs 10000. In the begining she had to face a variety ofproblems and challenges. Banks were not keen to give her loan because biotechnology was a new field and women entrepreneurship was quite rare. She had a difficult timefinding a workplace and convincing people to join her organization. Mazumdar Shaw was however determined toovercome all entrepreneurial barriers and make her venture a huge success.
Biocon began as a industrial enzyme manufacturer and soon after that it started exporting to Europe and the US. Within a few years the business started turning out to be aprofitable venture. Mazumdar Shaw always gave importance to reasearch and development activities for taking the company operations to new dimensions. Today, biocon has become a completely integrated, multi million dollar, biopharmaceutical enterprise. Biocon’s went for IPO in 2004. The IPO was over subscribed 33 times. Biocon wants to now establish a global presence and be one of the top ten biotechnology companies in the world.
ET 500 2011: 12 best companies that will do well through this decade
We have handpicked 12 companies based on their performance and strategic initiatives in the recent past which we believe will help them do well through this decade.
ITC
ITC
A foray into non-tobacco businesses such as FMCG, hospitality, paper, agri and IT holds promise of growth. The next decade may well see its dependence on cigarettes coming down.
Bharti Airtel
It is among the major success stories in the era of economic reforms. A strong management and ability to venture into uncharted territory would help in retaining its leadership position.
Gail (India)
The share of natural gas in India's energy basket is set to grow the fastest in the next decade. India's largest natural gas transporter Gail is bound to benefit the most in the process.
Titan
It has the ability to identify the right product categories and emerge as a leader through its brand building skills. This makes it one of the companies to watch out for in this decade.
YES Bank
With a lean, but skilled staff structure and enough capital to back it, YES Bank may be better placed than many others to lead the next phase of consolidation as and when it happens.
Glenmark
It holds the promise of innovative research. It plans to bring an innovative drug to the market by 2015-2017 - a development that can completely change its fortunes.
IRB Infra
Among the first to tap the public-private partnership model, IRB Infra is one of the most profitable companies in its segment. A robust project pipeline offers good revenue visibility.
Godrej Properties
A unique business model backed by a strong brand has proved to be a recipe for success for Godrej Properties, giving it the confidence to grow 40 times over the next ten years.
Jyothy Labs
It has products with strong brands and a growing laundry business. Its acquisition of Henkel India will add a global touch to its portfolio. It won't remain a small FMCG company for long.
ET 500 Rank
|
Company (%)
|
Sales *CAGR
|
PAT *CAGR (%)
|
1-Yr Stock Return (%)
|
MCap (`Cr)#
|
35
|
ITC
|
17.0
|
16.7
|
20.7
|
1,58,944
|
12
|
Bharti Airtel
|
38.6
|
24.1
|
13.1
|
1,48,218
|
22
|
Gail (India)
|
18.8
|
10.5
|
-19.0
|
50,542
|
21
|
Mahindra & Mahindra
|
24.5
|
17.0
|
-5.3
|
46,051
|
109
|
Titan Industries
|
35.3
|
39.9
|
1.2
|
16,584
|
164
|
YES Bank
|
83.8
|
67.4
|
-10.6
|
10,154
|
219
|
Glenmark Pharma
|
33.6
|
39.1
|
-16.5
|
8,629
|
126
|
United Phosphorus
|
26.5
|
20.7
|
-28.4
|
6,073
|
260
|
IRB Infra Developers
|
50.0
|
52.9
|
-30.5
|
5,170
|
NA
|
Godrej Properties
|
35.1
|
53.8
|
2.8
|
4,715
|
NA
|
Jyothy Laboratories
|
13.5
|
10.6
|
-45.4
|
1,196
|
NA
|
OnMobile Global
|
46.0
|
29.1
|
-51.1
|
819
|
# MCap and stock return as on December 5, 2011; *Five-year Compounded Annualised Growth Rate
THE RISE AND FALL OF IT TYCOON RAMALINGA RAJU OF SATYAM
Ramalinga Raju was born on September 16, 1954. His father B. Satyanarayana Raju, was a wealthy farmer. Ramalinga Raju graduated from Andhra Loyola College, Vijayawada with a Bachelor of Commerce (B.Com) Degree.
He went to the US for his Masters in Business Administration (MBA) from Ohio State University. This was the time when he developed interest in IT and realized the fact that the outsourcing Industry in India will witness a huge boom.
After coming back to India he entered into textiles and real estate businesses. In 1987 he started Satyam Computers with only 20 employees. In 1992 the company went public, theIPO was over subscribed 17 times. This was the same year when they got their first off shore contract from Tractor Maker John Deere and Co. from the US.
Over the next few years Satyam bagged several contracts, mainly from US companies. In 1999 Satyam Infoway (Sify) was listed on NASDAQ. Sify was later sold to entrepreneurRaju Vegesna. In 2001 Satyam was listed on the NYSE. In 2006 Satyam’s revenue crossed the billion dollar mark. Satyam went on to become one of the top IT companies in Indiahaving more than 50000 employees working in both India and Abroad.
During his career, Ramalinga Raju won several awards including Ernst and Young Entrepreneur of the Year for Sevices in 1999, IT Man of the Year by Dataquest in 2000 and Asia BusinessLeader Award-Corporate Citizen of the Year in 2002.
In December 2008 Satyam’s share prices fell when it failed to buy Maytas Infra and Maytas Properties. Situation worsened when the World Bank Banned Satyam for 8 years for providing “improper benefits” to the bank staff. In January 2009, Ramalinga Raju stepped down as the Chairman of Satyam after admitting to major financial fraud that had been going on for years.
Thursday, December 22, 2011
Rupee worst performing Asian currency; RBI measures may hurt in long term
Rupee has lost about 17 per cent against the US dollar since its year high in July, and is the worst performing Asian currency in 2011. It touched a record low of 54.30 to the dollar last week.
The Reserve Bank of India and the government have taken measures to support the rupee, including putting curbs on speculative trading, but analysts say some of the steps risk hurting the currency in the long term.
The rupee closed weaker but off its intraday low on Thursday as Sensex and Nifty turned positive after early losses and on signs that the European Central Bank's massive loans to banks will avert a euro zone credit crunch for now.
Some traders cited dollar sales by foreign banks as a reason for the rupee's rebound, while others speculated about possible intervention by the Reserve Bank of India. Demand from oil importers limited the currency's gains, traders said.
The RBI is widely thought to have sold dollars on December 15 after the rupee hit a record low of 54.30 to the dollar, and traders suspect it has been intervening intermittently ever since.
Earlier in the day, RBI Governor Duvvuri Subbarao said the central bank was monitoring foreign exchange markets hourly and would step in to contain any sharp volatility.
"Who would want to invite the RBI's wrath, when room to manoeuvre in the market has already reduced drastically," said a trader at a private sector bank, referring to recent measures taken by the central bank to curb speculative trading.
This, he said, was the main reason that players cut their long dollar positions once the euro and equities reversed course.
"Everybody is afraid of that phone call (from the RBI)," he said.
The euro is seen as the main gauge of global risk sentiment, so is closely tracked by traders in emerging markets such as India.
The rupee ended at 52.72/73 to the dollar, down from Wednesday's close of 52.49/50. It hit a low of 52.90.
"Risk sentiment is still jittery and dollar demand from oil companies has been persistent," said Ravi Kumar, manager foreign dealer at Canara Bank. "Rupee could weaken to around 53.10-53.15 next week as month-end demand from oil companies rises."
In the currency futures market, the most-traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange closed around 52.77, with total volume at $3.76 billion.
The Reserve Bank of India and the government have taken measures to support the rupee, including putting curbs on speculative trading, but analysts say some of the steps risk hurting the currency in the long term.
The rupee closed weaker but off its intraday low on Thursday as Sensex and Nifty turned positive after early losses and on signs that the European Central Bank's massive loans to banks will avert a euro zone credit crunch for now.
Some traders cited dollar sales by foreign banks as a reason for the rupee's rebound, while others speculated about possible intervention by the Reserve Bank of India. Demand from oil importers limited the currency's gains, traders said.
The RBI is widely thought to have sold dollars on December 15 after the rupee hit a record low of 54.30 to the dollar, and traders suspect it has been intervening intermittently ever since.
Earlier in the day, RBI Governor Duvvuri Subbarao said the central bank was monitoring foreign exchange markets hourly and would step in to contain any sharp volatility.
"Who would want to invite the RBI's wrath, when room to manoeuvre in the market has already reduced drastically," said a trader at a private sector bank, referring to recent measures taken by the central bank to curb speculative trading.
This, he said, was the main reason that players cut their long dollar positions once the euro and equities reversed course.
"Everybody is afraid of that phone call (from the RBI)," he said.
The euro is seen as the main gauge of global risk sentiment, so is closely tracked by traders in emerging markets such as India.
The rupee ended at 52.72/73 to the dollar, down from Wednesday's close of 52.49/50. It hit a low of 52.90.
"Risk sentiment is still jittery and dollar demand from oil companies has been persistent," said Ravi Kumar, manager foreign dealer at Canara Bank. "Rupee could weaken to around 53.10-53.15 next week as month-end demand from oil companies rises."
In the currency futures market, the most-traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange closed around 52.77, with total volume at $3.76 billion.
Wednesday, December 21, 2011
Japan's exports fall for 2nd straight month in November
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