Cover Story
- The Indian CEO's aspiration for his company is shifting from being the largest or the most profitable in India, to being one of the top 10 globally, writes PwC India's Shashank Tripathi.
- CEOs are not born. They are made. They grow into that position. We asked our CEO winners if they had any weaknesses and how they overcame them. Here is what they said:
- Kamal K. Sharma came into Lupin after the company went through tough times. For one, the pharma firm was saddled with a massive Rs 500-crore debt. For another, it had missed the bus on global expansion while its peers such as Ranbaxy had started operations in the US.
- He takes risks. He seeks results. What makes Joshi's success all the more significant is that he has managed to effortlessly cross the public sector-private sector divide with Hindustan Zinc, one of the largest zinc producing companies in the world.
- What traits should a CEO possess to be succesful? Much depends on the environment in which his/her compny operates. Still, there are some qualities the CEO of every company in India had better possess if he hopes to go far.
- Aditya Puri, who is Business Today's Best CEO 2013 in financial services, has been at the helm of HDFC Bank since its inception 20 years ago. Over this period, he has built from scratch a bank that is now the biggest in the country by market value and the seventh-largest by assets.
- Nitin Paranjpe has been declared best CEO (MNC) and best CEO (FMCG) by Business Today at Mind Rush 2013.
- While listening to Bajaj, the application of homeopathy in corporate strategy sounds deceptively simple. But, of course, it isn't. And therefore the Bajaj Auto MD has no hesitation in giving it out.
- "I am happy to take risks," Axis Bank managing director and CEO Sharma says and adds that growing up in an armed forces family teaches one to overcome fear and anxiety, and to cope with situations.
- Ram Charan speaks to N. Madhavan on the changing role of CEOs, whether they are born or made and most importantly, if they should be loved or feared
- The IT czar, who bagged the Business Today's Best CEO 2013 award, has never attended any management school. His lessons in running a company have come from real-life experiences.
- They have led their companies with elan and vigour, ensuring high growth despite the difficult economic environment. Business Today, with knowledge support from PwC India, presents India's Best CEOs in 2013.
- The companies they head have defied the slowdown, runaway input costs, high interest rates and adverse market conditions to deliver stunning results. Presenting the BT-PWC India Listing of India's top 100 CEOs -
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'Leadership development does not happen overnight'
The process is followed strictly in most global multinational companies. Every organisation starts with a pool of talent, which it recruits either from educational institutions or laterally.How VC Sehgal drove Motherson Sumi to become India's largest auto component maker
Sehgal, the chairman of India's largest auto component maker, has been declared as the best CEO (auto ancillaries) by Business Today in 2013.
Start-ups redefine the way data is stored and managed
Online data is growing exponentially every second and with it the need to store and manage it effectively. There is very high growth potential for start-ups in this segment, especially those which can come up with disruptive technologies.Forming a LNG buyers group faces multiple challenges
The attempt by India and four other Asian countries to form a club of LNG buyers is praiseworthy. It will not be easy, however, for Asian countries to form a grouping of LNG importers. Many energy industry experts suggest it would be much easier for these countries to become partners in developing new LNG supplies.
Strong governance, consistency in rules could revive economy: CEOs
The CEOs unanimously agreed at Business Today's CEOs lunch meet in Mumbai that this is the best time to revive the animal instincts in Indian businessmen. To get the economy going, the crying need is to step up investments.
As diesel prices rise, domestic sales fall while exports surge
Slowing domestic demand for diesel and a weakening rupee are helping boost exports of the fuel. Diesel exports are growing because of stagnant local demand and higher supply from export-oriented refineries.Smartphones makers slash prices of premium brands to increase sales
Apple, Nokia, Sony and Google have slashed prices of their smartphones to shore up sales.India gave more than it gained at WTO's Bali meet: Yashwant Sinha
Former finance minister and a senior leader of the BJP India Yashwant Sinha says in the WTO negotiations, the major beneficiaries are the US, European Union, Japan and China. India had to give more than it gained in the trade deal clinched at WTO's Bali meet. With the bill for the reorganisation of Andhra Pradesh having been approved by the Union Cabinet, the state of Telangana, the 29th state of the Indian union, is all set to become a reality.Assembly Poll Results: Who said what
Notes to self for 2014. Never underestimate the underdog/newcomer with a fresh face and message, says Omar Abdullah, Chief Minister, Jammu and Kashmir, on TwitterEconomic indicators: What they mean
The long night of economic gloom may be coming to an end. A bunch of recent economic indicators point to a nascent recovery. But whether this is a false dawn or a real one remains to be seen.How do Article 370's provisions affect investment in Kashmir?
The debate over Article 370 has been revived. How do its provisions affect investment in Kashmir?
Book extract - Driven: Memoirs of a Civil Servant Turned Entrepreneur
Former Maruti Suzuki managing director Jagdish Khattar's autobiography, co-authored by Business Today's Executive Editor Suveen Sinha, spreads across a sweeping canvas from drought- and flood-hit villages to the Shakespearean intrigues of politicians and bureaucrats. It has insights into the complicated relationship with the Japanese, and is filled with lessons in leadership, friendships, jugaad-style innovation, resilience, and values. Edited excerpts:
Editor-in-chief Aroon Purie on big stories in Business Today's Jan 5, 2014, issue
The last three years have been among the toughest that Indian business has faced in recent decades. We celebrate CEOs who have managed to thrive despite all this, writes Aroon Purie.
Business Today readers' feedback on magazine's coverage
Business Today readers share their feedback on the magazine's coverage -
People who made news last fortnight
Starring: Asha Gupta, Jim Moffatt, John Ryan, Richard Bruton, Satish Nadiger, Vijay S. Subramaniam