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    Book Reviewon

    Bussiness LegendsBy

    Gita Piramal

    Presented by :Ram SinghJRFDepartment of Bussiness Administration,University of Lucknow


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    Introduction To Author

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    Books & Writing: Gita Piramal She has penned down several books:

    Business Maharajas Business Legends Managing Radical Change World Class in IndiaBusiness

    The Smart Manager, managing editor since Feb2002. India's Industrialists, Vol. 1 (co-authored with

    Margaret Herdeck

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    About Book: The Bussiness Legends In this bestselling book, Gita Piramal

    compellingly brings alive the ambition andachievement of four pioneers Entrperenuer :G.D. Birla, J.R.D. Tata, WalchandHirachand and Kasturbhai Lalbhai who

    together, lay the foundations for the golden ageof Indian industry from 1951 to '62.

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    JRD TATA(1904-1993)

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    R.D. Tata and Suzanine Bairre (SooniI got married in the year 1902 in ParisThey had five children Sylla Petit, JRD,, Rodabheh Sawhney, Darab, andJameshed Jimmy.

    JRD Tata was born on 29 July 1904.It was an unusual childhood, nomadic and unsettling. His father was mostlyabsent and JRD, his brothers and sisters had a permanent address when theygot settled in India when JRD was Twenty one.After the death of Mother Sooni and Father, the children were look after bytheir grandmother.

    RD sent JRD to crammer in England.As the course was over JRD had to stay in army for two years . He had placedto French Regiment called La Saphis, but at the end of the year RD summonedhim to come back to India.After Some days, RD died and the responsibility comes on the shoulder ofJRD at the age of 22 and look after payment of debts of TISCO


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    Soon after JRD arrived Bombay in December 1925, his father took him tomeet John Peterson. He was the director in chief of Tata Steel.

    John Peterson was Indian Civil Administrator and joined TATA STEEL byresigning his job.

    JRD was made to sit next to Peterson, all the letters routed to Petersonthrough JRD so he can learn the administration. Peterson retired and returned to England in 1931. All of the experts working with TATA accepted JRD as the Group leader

    and decision maker because of his some majour achievement.


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    Kasturbhai Lalbhai

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    INTRODUCTION Kasturbhai Lalbhai (19 December 1894 20

    January 1980) was an Indian INDUSTRIALIST. He was widely perceived

    as NATIONALIST businessman akin to G DBIRLA

    He co-founded the ARVIND MILLS along withhis brothers and several other institutes. He is the chairman of Indian conglomerate Bajaj

    Group and member of parliament.

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    FAMILYHe belong to the family of Nagarseth (city chief) of

    Ahmedabad, recognized by the Mughals, Marathas andthe English during different times.He was the descedant of Shanti Das Jhaveri, a royal

    jeweller of Akbar. Khushalchand (1680 1748), thegrandson of Shantidas paid ransom to the Marathas tosave Ahmedabad from plunder in 1725. Khushalchand'sson Vakhatchand (1740 1814) was also a noted

    business man.His grandfather Dalpatbhai Bhagubhaiwas also in cotton trading business in the 1870s. Hisfather Lalbhai Dalpatbhai (1863-1912) establishedSaraspur cotton mill in 1896 addition to the traditionalbusiness of precious gems .It became a part of theswadeshi movement in India.

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    EARLY LIFE Kasturbhai was born to Mohini and Lalbhai Dalpatbhai,

    a Jain family, in 1894 in Jhaveriwad, Ahmadabad, Gujarat. He studied at Municipal School Number Eight near Teen

    Darwaja , Ahmedabad up to fifth grade. He later joinedRanchhodlal Chhotalal Government High School. Hematriculated in 1911 with second class. In 1912, when he was a17 year old studying in Gujarati College, his father died and being the second son, he was asked to discontinue his studiesso as to help in the family business.

    His father Lalbhai had divided property among his brothersonly in the recent past; as his and his sons share, Lalbhai hadreceived Raipur mills, a new establishment.

    He was married to Sharda Chimanlal Jhaveri in May 1915 andhad two sons, Shrenik and Siddharth

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    BUSSINESS He joined Raipur Mill as a chairman in 1912. The operations of the mill had not yet stabilised; hence,

    Kasturbhai had to take care of operations closely. He startedoff as a timekeeper in the mill, but fed up with the repetitivenature of the job, he started working with suppliers of the milland travelled far and wide to understand the supplier market.

    The boom in demand during and post-World War I helped himin establishing the operations of the firm.

    He joined the board of directors of Raipur mill in 1918. Laterhe established Ashoka Mills in the 1920s. He expanded business by investing in or acquiring five millsbetween 1924 and 1938 including four belonging to relatives.

    These includes establishment of Arvind Mills and Nutan Millsin 1931, Aruna Mills in 1928, Ahmedabad New Cotton Mills in1938. Swadeshi movement by Mahatma Gandhi

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    POLITICS He was elected in Central Legislative Assembly in December 1923. During his three year term, he was involved in lobbying forIndian industries including repeal of excise dutyon textiles.During the 1930s, he came close with Mahatma Gandhi and helped him

    in Swadeshi movement which boycotted foreigngoods and promoted local industries. He wasalso indulged in negotiation of taxes with Britishfor Indian textiles during economic depression

    of the 1930s.

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    POLITICS ....

    He held several important positions after independenceof India, including Advisory Committee on FundamentalRights, Minorities and the Administration of Tribal andExcluded Areas in 1947, chairmanship of the EconomicCommittee of the Ministry of Finance in 1948,chairmanship of Central Public Works DepartmentIndustry Committee in 1952, chairmanship of National

    Research Development Corporation, member of Councilof Scientific and Industrial Research, trustee of GandhiSmarak Nidhi, member of Indian Investment Centre. Healso became the trustee and chairman of MahatmaGandhi Memorial Fund. He also served as a member ofMinorities Sub-committee as a representative of Jainism

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    He and Vikram Sarabhai established AhmadabadTextile Industries Research Association (ATIRA)

    before independence under Ahmedabad TextileMillowners Association for promoting research infield of textiles.

    AES also donated land for the establishment ofthe Indian Institute of Management

    Ahmedabad (IIMA). Kasturbhai along with VikramSarabhai were instrumental behind it. He was on theboard of IIMA but declined to accept the position ofits chairman

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    Now IIMA has Kasturbhai Lalbhai ManagementDevelopment Centre and a Kasturbhai Lalbhai Chair

    in Entrepreneurship. To promote engineering and technology, he foundedan engineering college in 1947 and named it after hisfather, Lalbhai Dalpatbhai College of Engineering.

    He also established the Lalbhai Dalpatbhai Instituteof Indology in 1962.In 1949, he founded the GujaratChamber of Commerce and Industries (GCCI). From1955 to 1965, he was a chairman of Indian Instituteof Technology (IIT).

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    He founded the Lalbhai Dalpatbhai Institute ofIndology in 1962 which preserves large number of

    manuscripts, rare books and microfilms. In1972, Sankat Nivaran Society was founded byGujarat Chamber of Commerce and Industries and

    Ahmedabad Textile Mills Owners' Association He commissioned world-renowned architects such

    as Louis Kahn, Le Corbusier, B. V.Doshi and Charles Correa to design some of theseinstitutes and bring modern architecture in


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    LATER LIFE With time, Kasturbhai started handing over the

    operations of his businesses to his family in the1960s. He devoted more time to public activities.He retired from business in January 1977. Hedied on 20 July, 1980 in Ahmedabad.

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    Walchand Hirachand Doshi

    23 November 1882 8 April 1953

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    INTRODUCTION Walchand Hirachand Doshi (23 November

    1882 8 April 1953) was an Indian industrialist,founder of Walchand group of companies. Heestablished Indias first modern shipyard,first aircraft factory and first car factory besideshaving established construction companies,sugar plantation, sugar factory, confectionery,engineering companies and many other businesses

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    EARLY LIFE Walchand Hirachand was from a Gujarati

    Jain family hailing from Wankaner in Gujarat,

    which had settled in Shol