My Journey To Billionaire Club

Vanisha Mittal Wedding

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 17:04:00 +0000

Vanisha Mittal – Amit Bhatia Wedding YouTube Video

A Bollywood fairytale in France
Estimated cost: US$78mil

Said to be one of the most expensive weddings the world has ever seen, the grand nuptials of Vanisha Mittal, 23, daughter of billionaire steel tycoon Lakshmi Mittal, to investment banker Amit Bhatia, 25, took place in June 2004 over a period of five days in some of France’s most famous settings.

Around 1,000 guests from all over the world received 20-page-thick, silver-encased invitation cards to the lavish event, which included feasts at the world’s best hotels, partying at fancy nightclubs, top-of-the-line Kristal champagne, exclusive performances by Bollywood heartthrob Shah Rukh Khan and pop kitten Kylie Minogue, and a splendid fairytale wedding at 17th century Vaux le Vicomte, described as the “finest chateau and garden” in France.

Apparently, it took Lakshmi Mittal over a year to get the requisite permission, as this was the first time the palace allowed a private function to be held there.

Lakshmi Mittal Son

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 13:45:00 +0000

Lakshmi Mittal Son – Aditya Mittal

Lakshmi Mittal is a Billionaire Steel Tycoon. He is the 46% Stake holder of world’s largest steel manufacturer – Arcelor Mittal.

Aditya Mittal is a 32 years old (2009).

In the above photograph, Lakshmi Mittal is with his son Aditya Mittal in his office.

Photo: Lakshmi Mittal with his 32 years old son – Aditya Mittal.

Aditya Mittal is CFO, Responsible for Flat Americas, Mergers and Acquisitions (M&A), Investor Relations, Strategy and Communications of the world's largest steel firm ArcelorMittal,

He has a Bachelor's Degree of Science in Economics with concentrations in Strategic Management and Corporate Finance from the Wharton School of the University of Pennsylvania in the United States, from which he graduated magna cum laude in 1996. He worked for a short time in the mergers and acquisitions department at investment bank Credit Suisse First Boston. He joined the family business in 1997 and was appointed Head of Mergers and Acquisitions in 1999, and has been involved in several purchases since then as Mittal Steel has played a major role in the consolidation of the global steel industry. He is based in London. He led Mittal Steel's offer for Arcelor that led to its acquisition and merger with Mittal Steel in 2006. The two companies were merged in 2006 and the new merged company is called ArcelorMittal.

Aditya Mittal is married to Megha. He has one sister, Vanisha, who is married to Amit Bhatia and is a board member of ArcelorMittal.

he also initiated and led Mittal Steel's offer for Arcelor to create the first 100 million tonne plus steel company. In 2008, Aditya Mittal was awarded European Business Leader of the Future' by CNBC Europe. He is a member of the World Economic Forum's Young Global Leaders Forum, the Indus Entrepreneurs UK, the Young Presidents' Organisation, the Centre for the Advanced Study of India at the University of Pennsylvania, a Board Member at the Wharton School and a member of Citigroup's International Advisory Board.

Watch the above You Tube Video. The interview with Aditya Mittal. The interview is about the merger of his business Mittal & Arcelor.

Related Articles -

01) Lakshmi Mittal Daughter

02) Lakshmi Mittal Daughter Wedding

03) Lakshmi Mittal House

04) Lakshmi Mittal Biography

Lakshmi Mittal Daughter Wedding

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 02:20:00 +0000

Lakshmi Mittal Daughter Wedding Photos: Vanisha Mittal Bhatia

Lakshmi Mittal is a famous Billionaire Steel Business Tycoon born in India and living in London. His daughter Vanisha Mittal Bhatia is a No.1 Billionaire Hairiness in the world according to the Forbes Magazine.

Read Here more about Vanisha Mittal Bhatia.

Lakshmi Mittal Daughter

Amit Bhatia serenades his bride, Vanisha Mittal, in Paris's Jardin des Tuileries.

For $US60 million, the Indian billionaire secured the grandest of venues for his daughter's wedding.

It was world’s most expensive marriage in the history of man kind. The total cost for marriage was US $ 60 Million.In 2002, Vanisha – The Daughter of Lakshmi Mittal married Amit Bhatia, an investment banker and her class mate at Cornell University. Since 2004, she has been a Director at LNM Holdings (the holding company for the Mittal group), Arcelor Mittal, Mittal Steel, Temirtau JSC.

It was a Six Day Wedding Ceremony. The wedding was in Paris and had 1000 guests.

thought to own a real estate business.

Although the two families have known each other for many years, the couple only became romantically involved few years ago.

Lakshmi Mittal Daughter

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 02:07:00 +0000

Lakshmi Mittal Daughter: Vanisha Mittal Bhatia

Lakshmi Mittal is the Indian Born Steel Billionaire Business Tycoon living in UK right now. He born in the small city of Rajasthan, India and today he is world’s largest Steel Manufacturer – Arcelor Mittal. Read here his short biography.

Lakshmi Mittal Biography

Vanisha Mittal Bhatia, Daughter of Lakshmi Mittal, $51 billion, India.
Like her brother, the daughter of India's richest man is active in her father's company. A graduate of the European Business School, Vanisha sits on Mittal Steel's board of directors. In 2004, the London-based billionaire threw his daughter what is believed to be the most expensive wedding in history, a $60 million, week-long extravaganza for some 1,000 guests in Paris.(AFP Photo).

Above YouTube Video: Vanisha Mittal Bhatia – Forbes No.1 Billionaire Heireness

The above is the Wedding photograph of Vanisha Mittal Bhatia – The Daughter of Lakshmi Mittal. In 2002, she married Amit Bhatia, an investment banker and her class mate at Cornell University. Since 2004, she has been a Director at LNM Holdings (the holding company for the Mittal group), Arcelor Mittal, Mittal Steel, Temirtau JSC.

Lakshmi Mittal House Photos

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 01:54:00 +0000

Lakshmi Mittal House Photos

Lakshmi Mittal House Pics

Lakshmi Mittal House London

Lakshmi Mittal House Kensington

You can read more about Lakshmi Mittal House in the following 2 Articles.

01) Lakshmi Mittal House

02) Lakshmi Mittal Kensington Palace Garden

Lakshmi Mittal Kensington Palace Garden House, London

Lakshmi Mittal House

Lakshmi Mittal is the Indian born Steel Billionaire Business Tycoon who recently bough $ 124 Million House in London in 2004 which is world’s costliest house up to now. However, recently Mukesh Ambani, the Chairman of Reliance Industries has break all the previous records of the world’s costly house. He build The Antilia, a $ 2 Billion (Rs.10,000 Crore) House in Mumbai, India.

Lakshmi Mittal born in Rajasthan, India and today he is world’s Top 10 Richest person according to the Forbes Magazine.

Lakshmi Mittal Kensington Palace Garden

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 01:45:00 +0000

Lakshmi Mittal Kensington Palace Garden

Click Here to read about,

Lakshmi Mittal House

Indian born Steel Billionaire Business Tycoon has bought a $ 124 Million house in 18-19 Kensington Palace Gardens in the year 2004. It’s a 12 bed room house and Mittal call it “Taj Mittal”.

Kensington Palace Gardens is a street in west central London which contains some of the grandest and most expensive houses in the world. It was the location of the London Cage, the British government MI9 centre used during the Second World War and the Cold War.

A tree-lined avenue half a mile long in the heart of embassy land, Kensington Palace Gardens is the "most exclusive address" in London, according to Knight Frank. It is one of the most expensive residential streets in the world, and has long been known as "Billionaires Row", due to the wealth of its private residents, although the majority of its current occupants are embassies and ambassadorial residences.

Lakshmi Mittal House

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 01:39:00 +0000

Lakshmi Mittal House London

Lakshmi Mittal House in India

Lakshmi Mittal born in Rajasthan of India.

Lakshmi Mittal is the Indian born Steel Billionaire Business Tycoon living in UK. Lakshmi N Mittal, Chairman and CEO, of the LNM Group, has bought a central London house for a stunning price of £70 million ($128.25 million or about Rs 560 crore) in the year 2004.

Lakshmi Mittal House Address: His London residence at 18-19 Kensington Palace Gardens was bought from Formula One Boss Bernie Ecclestone in 2004 for a staggering $114.89 million (£62.7 million). And for while the house held the Guinness World Record for the world’s most expensive house. The Mittal/ Ecclestone deal still hold the record as the biggest of its kind.

See in the above video that, How Lakshmi Mittal bought a new house in London and what about the property tax laws in London.

Lakshmi Mittal Call his house the “Taj Mittal”.

Lakshmi Mittal Life History

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 01:25:00 +0000

Lakshmi Mittal Life History

Lakshmi Mittal is a Indian Born Steel Billionaire living in UK. He has taken his family steel business to the level that it is now the truly global steel maker and operates in 60 countries.

Read here the Biography of Lakshmi Mittal

He is today the world’s Top 10 Richest person according to Forbes. Lakshmi Mittal born on 15th June 1950 in Sadulpur village, in the Churu district of Rajasthan, India. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge.

Lakshmi Nivas Mittal began his career working in the family’s steelmaking business in India, and has over 30 years of experience working in steel and related industries. Mittal founded the company Mittal Steel (formerly the LNM Group) in 1976 and has been responsible for the development of its businesses ever since. Mittal Steel is a global steel producer with operations in 14 countries.

Mittal pioneered the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry. Mittal Steel is the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over $22 billion in 2004.

Mittal is an active philanthropist. Mittal is a member of the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the World Economic Forum’s International Business Council and the International Iron and Steel Institute’s Executive Committee.

In 2002 he was involved in a political scandal with British Prime Minister Tony Blair, when a donation he made to the Labour party led to Blair's intervention in a business deal favoring Mittal. It was announced later that he donated £2 million to the Labour Party.

See above the YouTube Video of the Profile & Life History of Lakshmi Mittal. You will really N’joy It…!!!

Lakshmi Mittal Steel: Arcelor Mittal

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 01:15:00 +0000

Lakshmi Mittal Steel: Arcelor Mittal

Lakshmi Mittal is world’s Top 10 Richest person and a Forbes Billionaire. He is the Indian born but live in UK. He is the founder & CEO of Arcelor Mittal Group. Read here his short Biography.

Lakshmi Mittal Biography

ArcelorMittal is the world's number one steel company, present in more than 60 countries. It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker.

ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging. The Group leads in R&D and technology, holds sizeable captive supplies of raw materials and operates extensive distribution networks.

Its industrial presence in Europe, Asia, Africa and America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal will be looking to develop positions in the high-growth Chinese and Indian markets.

ArcelorMittal key financials for 2008 show revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10% of world steel output.

ArcelorMittal is listed on the stock exchanges of Paris (MT), Amsterdam (MT), New York (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

Lakshmi Mittal Biography

noreply@blogger.com (Asav Patel) — Thu, 07 Jan 2010 01:04:00 +0000

Lakshmi Mittal Biography: Lakshmi Mittal Profile

Lakshmi Mittal is the Indian Born but British Steel Billionaire. And Top 10 Richest man in the world according to Forbes Magazine. Lakshmi Mittal made his fortune from his 56% stake in his Steel Company Arcelor Mittal.

Lakshmi Mittal Born on 15th June 1950 in Sadulpur village, in the Churu district of Rajasthan, India. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge. He also serves as a non-executive director of Goldman Sachs, EADS and ICICI Bank and is presently the vice chairman of the World Steel Association.

Mittal has grown the family business into one of the largest steel companies in the world, with steel making facilities in fourteen countries and employing more than 150,000 people.

Mittal reportedly paid $US128 million for a twelve bedroom residence in Kensington Palace Gardens, London.

Mittal began his career working in the family’s steelmaking business in India, and has over 30 years of experience working in steel and related industries. Mittal founded the company Mittal Steel (formerly the LNM Group) in 1976 and has been responsible for the development of its businesses ever since.

In 2009, Forbes Magazine listed Mittal the world's 8th richest person with personal wealth of US$19.3 billion.

After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up Mittal Champions Trust with US$9 million to support 10 Indian athletes with world-beating potential.In 2008 Mittal awarded Abhinav Bindra with Rs. 1.5 Crore, for getting India its first individual Olympic gold medal in shooting.

Arcelor Mittal Company Profile -

ArcelorMittal is the world's number one steel company, present in more than 60 countries. It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker.

ArcelorMittal key financials for 2008 show revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10% of world steel output.

Ratan Tata Scholarship

noreply@blogger.com (Asav Patel) — Wed, 06 Jan 2010 01:47:00 +0000

Sir Ratan Tata Scholarship

Successful Entrepreneurship doesn’t mean only developing a profitable business. But it also means giving back to the community. And Tata Group is one of the largest Philanthropic Group in the Country. Through Sir Ratan Tata Trust, it gives Scholarship to students who study in India and abroad (UK).

The Trust provides grants for education, which is divided into two components:

01) Scholarships: For students pursuing professional studies in India.

02) Travel Grants: For students proceeding abroad for higher studies and professionals for mid-career courses / conferences / workshops.

Scholarships:
The Trust awards merit scholarships to students pursuing undergraduate and post-graduate studies in India. The objective of the programme is to encourage outstandingly meritorious/deserving students to pursue academic excellence.

Travel Grants:
Travel grants are provided to the students proceeding for post-graduate and doctoral studies and for professionals proceeding for their mid-career programmes or to attend relevant and meaningful seminars and conferences abroad.

The grant to students consists of only a partial international airfare from India to the university / organisation abroad. The students proceeding for fall session (July, August and September) are requested to submit their personal application to the Trust, after finalising the university they intend to join. The last date for applying to the Trust is May 31 every year. Students proceeding abroad for the spring session are requested to contact the Trust three / four months prior to their departure, after finalising the university.

The grant to professionals offers partial travel assistance towards return international airfare and registration fees. Professionals are requested to apply three / four months prior to their departure.

A travel grant application can be made with the following documents

- A written application from the student / professional

- Statement of purpose

- Updated resume

- In case of students, confirmed admission letter from the university abroad stating details of admission (no email accepted)

- In case of professionals, letter of invitation from organisers (no emails accepted), along with letter of leave of absence from employers

Ratan Tata Successor

noreply@blogger.com (Asav Patel) — Wed, 06 Jan 2010 01:37:00 +0000

Ratan Tata Successor

Who will be the Successor of Ratan Tata, The Chairman of Tata Group? This is a big question. Few months back, I posted the Article,

The Next Chairman of Tata Group

In the Article, I have given the 2 possibilities of the Ratan Tata Successors.

01) Noel Tata – Half Brother of Ratan Tata who is married to Aloo Mistry, the daughter of Mr.Pallonji Shapoorji Mistry, the 18.5% Stake holder in Tata Sons, the Key Holding Company of Tata Group.

02) Cyrus Mistry – The younger son of Pallonji Mistry who has joined the board of Tata Sons in 2004.

According to media, right now, Ratan Tata is looking for his Successor. And people are very curious to know that who will be the next chairman of Tata Group?

Whoever that person is will take the conductor's baton and guide an orchestra of 98 companies and 357,000 workers. He or she will also need to deal with the twin anchors of Jaguar-Land Rover debt and Corus Steel debt, both of which were brought on by economic freefall after top-of-the-market acquisitions.
At this point it looks like the CEO spot will be taken by someone outside the Tata family for only the second time in the history of the company. And while Ratan Tata has said "It would certainly be easier if [my successor] were an Indian national," he is open to filling the position with a foreigner. The company has three years to conclude, with Tata expected to step down in 2012.

Now, Let us see that who will be the Successor (The Next Chairman) of Ratan Tata?

Ratan Tata Family Tree

noreply@blogger.com (Asav Patel) — Wed, 06 Jan 2010 01:17:00 +0000

Ratan Tata Family Tree

Click Here to View PDF of Ratan Tata’s Family Tree

Let me give you brief history of Tata Family Tree.

Nusserwanji R. Tata & Jeevanbai Tata were Husband and wife. And they had five children.

01) Jamsetji Nusserwanji Tata: Wife: Hirabai Daboo –> The Founder of Tata Group & Chairman of the Group since (1887 to 1904)

02) Ratanbai Tata; Husband: Edulji Bamji

03) Maneckbai Tata; Husband: Kharsedji Tata

04) Virbaiji Tata; Husband: Bapuji Saklatwala

05) Jerbai Tata; Husband: Dorabji Saklatwala

Out of these five siblings, Jamsetji Tata founded Tata Group in the year 1851.

Jamsetji Tata had 3 Children -

01) Sir Dorabji Tata: Wife: Meherbai Bhabha –> Chairman of the Tata Group Since (1904 to 1932)

02) Dhunbai Tata

03) Sir Ratan Tata: Wife: Navajbai Sett

Virbaiji Tata had two Children -

01) Kaekobad Saklatwala; Wife: Sehra Bardi

02) Sir Nowroji Saklatwala –> Chairman of the Tata Group Since (1932 to 1938)

DadaBhoy Tata, The Brother of Nusserwanji Tata, the father of Jamsetji Tata had one son,

01) R. D. Tata (Ratanji Dadabhoy Tata)

R.D. Tata had five Children -

01) Sylla Tata (Lady Dinshaw Petit); Husband: Sir Dinshaw Petit

02) J.R.D. Tata; Wife: Thelma Vicaji –> Chairman of Tata Group Since (1938-1991)

03) Rodabeh Tata

04) Darab Tata

05) Jimmy Tata

Now, Cooverbai Daboo was the sister of Hirabai Daboo, The wife of Jamsetji Tata. She had one Daughter.

01) Ratanbai Daboo; Husband: Hormusji Tata

Sir Ratan Tata adopted the son of Ratanbai Daboo name,

01) Naval H. Tata

Naval Tata married to Soonoo Commisariat and had 2 Children,

01) Ratan N. Tata –> The Chairman of Tata Group since (1991 to probably 2012)

02) Jimmy Tata

Naval Tata also married to Simone Dunoyer after his divorce and had a son,

01) Noel Tata – The Half Brother of Ratan Tata. He married to Aloo Mistry, The daughter of Pallonji Shapporji Mistry, the Forbes Billionaire and 18.5% Stake holder in Tata Sons, the key holding Company of Tata Group.

Ratan Tata Trust

noreply@blogger.com (Asav Patel) — Wed, 06 Jan 2010 00:51:00 +0000

Sir Ratan Tata Trust

Sir Ratan Tata Trust is one of the oldest Philanthropic institutions in India and has played a pioneering role in changing the traditional ideas of charity and inducing the concept of Philanthropy.

The founder of the Tata Empire, Jamsetji Tata, was a true nationalist who foresaw the significance of the industrial revolution for India. He had a desire to catapult India to a place amongst the leading industrial nations of the world. Sir Ratan Tata, the younger of his two sons, was born on 20th January 1871. He was educated at St. Xavier's College in Bombay.

Sir Ratan was extremely kind hearted and generous, always willing to lend a helping hand to any individual or institution in distress. He had a true Indian outlook with a nationalistic fervour; on the other hand, he also possessed a balanced, broad-minded mental viewpoint.

Serious charity meant making the effort to identify a cause one deeply cared about, and then devoting time as well as effort and money. In his short, but satisfying lifetime, Sir Ratan had identified several issues, which bear testimony to his munificence. A glance at the donations and endowments made by him during his lifetime, typifies his concern for various deserving causes, and is an insightful antecedent to the Trust's present day grant-bestowing policy.

Servants of India Society -

The founding of this brotherhood in Poona, on June 12, 1905, was the outcome of Gopal Krishna Gokhale's conviction that if the masses were to be liberated to function as active members of free India, they must have a band of selfless and intelligent workers, who would dedicate their lives to the service of the nation.

Sir Ratan was a personal friend of Gokhale, and upon the latter's request, gave the society an annual amount of Rs10,000 for a period of ten years, for its welfare work for the weaker sections of the society. This instance of Sir Ratan's largesse was a precursor to the present grant bestowing policy of the Trust, concerning the issue at hand, and the manner in which the same can be effectively addressed.

Mahatma Gandhi and South Africa -

During his days as a practising barrister in Transvaal, South Africa, Mahatma Gandhi headed a non co-operation movement, protesting against the plight of Asians, and particularly Indians, under the prevailing regime. The movement had run into rough weather with the authorities, leading to persecution of the Indian community.

Monetary aid was the need of the hour and Sir Ratan responded generously to a plea from Gopal Krishna Gokhale. Between 1909 and 1913, a sum of Rs1.25 lakhs was disbursed by him, in instalments, enabling the Mahatma to continue his fight for the rights of Indians in South Africa.

Overwhelmed by the magnanimity of one such instalment made by Sir Ratan, the Mahatma wrote, "That India has been roused is evident from the generous gift of Mr Ratanji Jamshedji Tata. By his big donation of Rs25,000 he has given a powerful impetus to our movement. He will probably be followed by other Indians. Parsis are known the world over for their generous gifts. Mr Tata has been true to that spirit of generosity."

Sir Ratan Tata Foundation at the London School of Economics & Political Science

In 1912, Sir Ratan made an offer of financial help to the University of London, if they would be willing to institute a Chair in the University, for investigation and research into causes of destitution and poverty, and for suggestions for relief. Principal Sir William Miera prepared a scheme in conjunction with Professor LT Hobhouse and Professor Urwick, which was approved by Sir Ratan, and a Chair was founded in 1913.

Sir Ratan agreed to pay £1,400 annually for a period of three years, toward the expenses of the Foundation. This annual grant of £1,400 was extended for a period of five years from 1916. After his demise in 1919, the Trustees of Sir Ratan Tata Trust continued this annual grant until 1931.

During those nineteen years, several scholars and students of the University of London and the London School of Economics, carried out research work on the conditions of labour in different trades, and published their research in different publications. The Sir Ratan Tata Foundation is now a permanent institution at the London School of Economics.

Ratan Tata Biography

noreply@blogger.com (Asav Patel) — Wed, 06 Jan 2010 00:35:00 +0000

Ratan Tata Profile: Ratan Tata Biography

Ratan Tata is a chairman of Tata Group, India’s oldest Business House. He born on 28th December 1937 in Mumbai, India and still lives in Mumbai, India.

Ratan Tata is presently the Chairman of Tata Sons, the holding company of the Tata Group. Ratan Naval Tata is also the Chairman of the major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, Indian Hotels and Tata Teleservices. He has taken Tata Group to new heights and under his leadership Group's revenues have grown manifold.

His great grandfather, Jamsedji Tata, was the founder of the Tata group and passed the power and inheritance down to his family. Ratan Tata grew up in a broken household, however, after his parents split in the mid-1940s and he and his brother were raised by their grandmother, Lady Navajbai.

Tata was a good student and studied hard at the Campion School in Mumbai followed by studies in architecture and structural engineering at Cornell University. He graduated with his bachelors degree in 1962 and joined the Tata Group in December of that same year. Tata's first job with the Group involved working with the Tata Steel division where he worked with the blue-collar employees shoveling stone and working with the furnaces.

In 1971, Ratan was appointed the Director-in-Charge of The National Radio & Electronics Company Limited (Nelco), a company that was in dire financial difficulty. Ratan suggested that the company invest in developing high-technology products, rather than in consumer electronics. J.R.D. was reluctant due to the historical financial performance of Nelco which had never even paid regular dividends. Further, Nelco had 2% market share in the consumer electronics market and a loss margin of 40% of sales when Ratan took over. Nonetheless, J. R. D. followed Ratan's suggestions.

From 1972 to 1975, Nelco eventually grew to have a market share of 20%, and recovered its losses. In 1975 however, India's Prime Minister Indira Gandhi declared a state of emergency, which led to an economic recession. This was followed by union problems in 1977, so even after demand improved, production did not keep up. Finally, the Tatas confronted the unions and, following a strike, a lockout was imposed for seven months. Ratan continued to believe in the fundamental soundness of Nelco, but the venture did not survive.

In 1991, Ratan Tata took over the Chairmanship from JRD Tata. Under him Tata Consultancy Services went public and Tata Motors was listed in the New York Stock Exchange. In 1998, Tata Motors came up with Tata Indica, the first truly Indian car. The car was the brainchild of Ratan Tata.
Ratan Tata was honored with Padma Bhushan, one of the highest civilian awards in 2000. He was also conferred an honorary doctorate in business administration by Ohio State University, an honorary doctorate in technology by the Asian Institute of Technology, Bangkok, and an honorary doctorate in science by the University of Warwick.

Kirloskar Brothers

noreply@blogger.com (Asav Patel) — Tue, 05 Jan 2010 12:22:00 +0000

Kirloskar Brothers

Many of you may have never heard the name of Kirloskar Brothers. Let me give you brief Information about this Indian Business group.

Here is a Kirloskar Brothers Journey -

- 1888: The Beginning
- 1903: India’s First Iron Plough
- 1920: Incorporation – Kirloskar Brothers Limited
- 1926: India’s First Diesel engine
: India’s first Centrifugal Pump
- 1940: India’s First Electric Motor India’s first Lathe – Mysore Kirloskar Limited & Kirloskar electric Limited
- 1954: India’s first Reciprocating Compressor
- 1958: Technical Agreement for large pumps
- 1960: Technical agreement for vertical turret lath2007es
- 1966: Manufacture of hermetic Compressors
- 1973: Large Scale Exports to Europe
- 1983: Joint Design of Pumps with a French Corp
- 1988: Centenary Year Portable Fire – Fighting Pumps. India’s First Canned Motor Pump. Joint Venture for process Pumps
- 1991: Collaboration for Submersible Pumps
- 1993: Joint Venture for Hermetic Compressors
- 1995: India’s First Concrete Volute Pump
- 1998: Tech. Agreement for Small Hydel Turbines
- 2001: Introduction of Pressed Stainless Steel Pumps
- 2003: Acquisition of SPP, UK
- 2006: JV with Corrocoat, UK
- 2006: Copeland sold out to Copeland Corp, USA
- 2006: Acquisition of Aban Construction Pvt Lts, Chennai
- 2007: Acquisition of Gondwana Engineers Pvt. Lts
- 2007: Acquisition of Kolhapur Steel Limited
- 2007: Kirloskar Brothers International B.V., International – Investment Company Abroad

About Kirloskar Brothers Limited (KBL) -

Established in 1888 and incorporated in 1920, Kirloskar Brothers Limited (KBL) is the flagship company of the $2.2 billion Kirloskar group. The core businesses of KBL are large infrastructure projects (Water Supply, Power Plants, and Irrigation), Project and Engineered Pumps, Industrial Pumps, Agriculture and Domestic Pumps, Valves and Hydro turbines.

KBL Sales in 2008-2009 exceeded US $ 500 Million with a market capitalization of more than US $ 300 million .
KBL is India’s largest manufacturer and exporter of pumps and also the largest infrastructure pumping project contractor in Asia. To its credit KBL has created the world’s largest pumping scheme which will irrigate more than two million hectares of land and supply water to 4620 towns and villages in the state of Gujarat in India (Sardar Sarovar Narmada Nigam Scheme). KBL also commissioned a water pumping scheme called The Devadula Scheme in Warangal a town in Andhra Pradesh with the world’s second highest head, supplying water to 4 drought prone socio-economically backward districts which will bring about a green revolution there.

Mohite Kolhapur

noreply@blogger.com (Asav Patel) — Tue, 05 Jan 2010 11:59:00 +0000

R M Mohite Kolhapur

R M Mohite is the founder of RM Mohite Textiles Limited. Here is the Company profile.

The Group's principal activity is to manufacture and market yarn. It provides various types of cotton yarns, such as knitting, special purpose, weaving, slub, double, industrial, multifold, and yarn for toweling. The Group operates in three segments namely Textile, Garments and Construction. It markets its products under the brand name OZARIO.

R. M. Mohite Textiles Ltd. is a Spinning Unit manufacturing and exporting 100% cotton yarn of the count range between 20s and 100s. Initially it’s started with installation 14112 spindles in 1995. We went in for expansion by setting additional 12896 spindles, with the required back process machinery, making total installed capacity of 35216 spindles in the month of Oct. 1998.

R M Mohite is Kolhapur’s one of the wealthiest person. And his Bungalow is in Tarabai Park area of Kolhapur area which is very much near from my College, D.Y.Patil Hospital & Research Institute. His House’s name is “Mohite House” which is really one of the luxurious house in Kolhapur.

He made his fortune in a single generation only from the Textile Industry Business. R M Mohite is a story of Small city – Big Business. Everyone of us should take the lesson from him…!!!

The Billionaire Universities

noreply@blogger.com (Asav Patel) — Tue, 05 Jan 2010 11:47:00 +0000

The List of American Universities which have produced Billionaires

Let us today discuss about the various Billionaire Universities in USA. We will start from each and every university and how many Billionaires it has.

01) Harvard University – 50 Billionaires

Yes, Harvard tops the Rank. It has 50 Billionaires in its Alumni. Bill Gates from the Harvard drop out student. Another famous personality is Microsoft CEO Steve Ballmer and New York City’s Mayor Michael Bloomberg.

02) Stanford University – 30 Billionaire

Second is the Stanford University. The famous Stanford Billionaire Alumnis are Google’s Sergey Brin and Larry Page.Stanford University was founded by the wealthy railroad tycoon Leland Stanford after the death of his son because of Typhoid fever in 1892.

03) University of Pennsylvania – 27 Billionaires

This success of this university is because of Wharton Business School. Wharton graduates include junk bond king Michael Milken and SAC Capital founder Steven Cohen.

04) Yale University – 19 Billionaires

Billie Yalies include private equity whiz Stephen Schwarzman and Sears Chairman Eddie Lampert.

05) Columbia University – 15 Billionaires

Columbia has awarded 17 degrees to future billionaires. Best known is Warren Buffett; the world's richest man attended Columbia Business School to study under legendary investor Benjamin Graham.

06) Princeton University – 13 Billionaires

Princeton's 13 billionaire alumni include financier Carl Icahn, Amazon founder Jeff Bezos and former eBay Chief Executive Meg Whitman.

07) Ney York University – 10 Billionaires

The school has five dropouts who have gone on to become billionaires. One is Carl Icahn. After receiving a degree in philosophy from Princeton, Icahn enrolled in NYU's medical school. Bored by all the memorization required, he jumped ship to be a stockbroker.

08) University of Chicago – 10 Billionaires

Notable University of Chicago billionaire grads include Morningstar founder Joseph Mansueto.

09) Cornell University; Massachusetts Institute of Technology; Northwestern University; University of California, Berkeley; University of California, Los Angeles; University of Southern California (tie)

Nine billionaire graduates each

Six schools tie for ninth with nine billionaire graduates each. The most famous wealthy alum of any of these schools might be USC's George Lucas. He directed his first film, THX 1138, while he was still a student there. The Star Wars creator is now worth $3.9 billion.

Nine billionaire graduates each

Sanjay Ghodawat Cars

noreply@blogger.com (Asav Patel) — Tue, 05 Jan 2010 11:20:00 +0000

Sanjay Ghodawat Cars

Many of you have never heard about Mr.Sanjay Ghodawat. I am in Kolhapur since last one and a half years and I have recently came to know about Mr.Sanjay Ghodawat.

Here is a Biography of Mr.Ghodawat.

Sanjay Ghodawat Biography

Sanjay Ghodawat has several (Literally more than 100) Cars out of which many luxurious and imported cars like Rolls-Royce, Ferrari, Vintage Plymouth, a Bentley and many others. Last week, i seen a Car show in Kolhapur Sasnik Ground in Tarabai Park Area. In the show, Mr.Sanjay Ghodawat’s cars were on display so I have taken some photographs of those imported cars which I am posting here.

The cars were amazing. Here are the photos.

Sanjay Ghodawat Group of Companies

noreply@blogger.com (Asav Patel) — Tue, 05 Jan 2010 02:57:00 +0000

Sanjay Ghodawat Group of Companies

Many of you may have never heard the name Sanjay Ghodawat. Well he is from Kolhapur. He is a success story of Small town – Big Business. Within 15 years (Since 1993), he made his fortune in several industries. He owns literally more than 100 cars fleet.

Here is the Biography of Mr.Sanjay Ghodawat.

Mr.Sanjay Ghodawat

This is the story of a young man who simply refused to grow old. So much

that in such short span, he built one of India’s biggest and most respected group of industries: Sanjay Ghodawat Group. Today, Sanjay Ghodawat Group has made its presence successfully felt in almost every spectrum. Renewable energy, High-Tech Agriculture, Chemicals, Flexible Packaging, Edible Oils, Real Estates & Infrastructure, Heavy Engineering, Education, Textiles and FMCGs.

Here is a List of Ghodawat Group of Companies.

01) Star Oxychem Pvt. Ltd.

02) Ghidawat Consumer Products

03) Ghodawat Enerrgy

04) Ghodawat Textile

05) Ghodawat Agro

06) Ghodawat Realty

07) Sanjay Ghodawat Institute

08) Ghodawat Packaging

The Ghodawat Group has over 5000 Employees working in it. Right from its formative years, the Sanjay Ghodawat Group has been spearheading growth and success; courtesy Mr. Sanjay D. Ghodawat's vision and dynamic leadership. Born on 28th of February, 1964, Sanjay Danchand Ghodawat completed his education - Diploma in Mechanical Engineering. He started off young and in the year 1993, Ghodawat Industries (I) Pvt. Ltd. came into existence.

Sanjay Ghodawat Biography

noreply@blogger.com (Asav Patel) — Tue, 05 Jan 2010 02:33:00 +0000

Sanjay Ghodawat in his Office

Sanjay Ghodawat with his imported Sports Cars

Sanjay Ghodawat Biography

I am in Kolhapur since last more than one and a half years. And I have heard about Sanjay Ghodawat Group many times. He has many Businesses. But his Core Business is Tobacco Products mainly “Star” Gutkha (Pan Masala) which is a very popular brand in Western Maharashtra. Sanjay Ghodawat has made his fortune from Star Gutkha.

From pan masala to wind power and now iron ore mining is a major jump, but one that Sanjay Ghodawat, the dynamic young CMD of the Kolhapur-based Ghodawat group of industries, has facilitated with ease. Ghodawat Pan Masala Products (I) Pvt. Ltd. was set up in 1994 to manufacture pan masala under the brand name 'Star'.

Mr. Sanjay Ghodawat, a well-known personality in business circles, is regarded a legend in Kolhapur, one of the largest districts of Maharashtra for his immense contributions in the professional and social arena. He is a Chief Patron of Jain International Trade Organization and a member of many social clubs.

Sanjay Ghodawat has started his fortune in 1993 with 2 main divisions - Mouth Freshener and Floriculture. Within 15 years only the group has achieved a strength of 5000 employees and the annual turnover of Rs.800 Crore.

Today the group is present in various sectors like - Wind Power, High-Tech Agriculture, Chemicals, Flexible Packaging, Edible Oils, Real Estates, Heavy engineering, Textile division and FMCG.

Mr. Ghodawat set up India’s second largest manufacturing plant of Oxalic Acid having a capacity of 25TPD under the name – ‘Star Oxochem Pvt. Ltd.’ at Chipri (Jaysingpur) with most of the production being exported. Going further, the Group diversified into manufacturing of flexible packaging under the name ‘Star Flexi-Pack Industries’ and acquired three companies with interests in real estate and wind power – Everready Investments Pvt. Ltd., Diana Watches & Ancillaries Pvt. Ltd. and Topaz Investments Pvt. Ltd.

In 2002, Mr. Ghodawat further expanded his horizons and ventured into FMCG and established one more industry under the name ‘Shrenik Industries’ at Chipri (Jaysingpur) which got into marketing of edible salt under the brand name ‘Star Salt’. The product was a huge hit within six months of entering the market. In the following year, 2003, Mr. Ghodawat set up two more companies: ‘Ghodawat Foods International Pvt. Ltd.’, for manufacturing edible oils from Sunflower, Palm, Soyabean, Groundnut, Kardi, etc. under the ‘Star’ brand and ‘Shreya Exports’ to manufacture, sell and export tea products under the ‘Star Tea’ brand. In 2004, Mr. Ghodawat launched a new brand ‘Star Mosquito Coil’ and by 2005, he started the manufacture of ‘Steel Tubular Tower for Wind operated Turbine’ under Heavy Engineering Unit of Shrenik Industries. Currently, Mr. Ghodawat is working on his new project – Sanjay Ghodawat Institute, which will comprise Engineering and Management College and an International School.

Mr. Sanjay Ghodawat has been honoured by various institutions and organizations at both state and local level for his immense contribution. Some of his awards and recognitions include, the ‘Suryadatta National Award’ in 2007 for his excellence in the field of Entrepreneurship in recognition of incredible contribution to Indian industry with special reference to the Wind Mills Project, the ‘National Industrial Excellency Award – 2007’ from All India Achievers Foundation, Delhi, for his incredible work in non-conventional energy sector through Wind Power Plants and manufacturing of Steel Tubular Towers for Wind operated Turbine and ‘Jivan Gourav Award’ for his work in industrial and social field.

Mr. Sanjay Ghodawat, as a responsible citizen strongly believes in giving back to the society. In 1996, he founded a Charitable Trust in the name of his mother – ‘Sou. Sushila Danchand Ghodawat Charitable trust’. Besides, he has contributed to a number of social initiatives including building for blind school in Miraj, operation hall at Siddhivinayak Hospital, Miraj, plastic surgery camps sponsored by Ichalkaranji Rotary Club at Ichalkaranji where over 500 surgeries are done every year and setting-up of an eye hospital amongst others. In 2001, he started a Blood Bank by the name ‘Acharya Shree Tulsi Blood Bank’ at Udgaon (Jaysingpur) equipped with sophisticated laboratory equipment and has been rated as one of the best three blood banks in India. Mr. Ghodawat also started a Junior Girls College in 2007, educating over 1700 girls and is now planning to start a Dental and Nursing College.

He is now referred to as VIJAY MALLYA of Maharashtra- he owns a chopper- Eurocopter and a range of more than 100 luxurious CARS which includes Rolls-Royce, Ferrari, Vintage Plymouth, a Bentley and the list goes on and is being extended. This group is a perfect example of small town-Big business running from Kolhapur.

Amherst College Billionaires

noreply@blogger.com (Asav Patel) — Mon, 04 Jan 2010 17:22:00 +0000

Billionaires from Amherst College

01) John Abele -

Net Worth:$1.0 bil
Fortune:self made
Source:Boston Scientific
Age:72
Country Of Citizenship:United States
Residence:Shelburne, Vermont
Industry:Health Care
Education:Amherst College, Bachelor of Arts / Science,
Marital Status:married, 3 children

Met partner Peter Nicholas at kids' soccer game; cofounded medical device producer Boston Scientific 1979. Expanded into catheters, balloons, stents. Fortune continues to dwindle amid bad publicity, legal woes: in May federal jury ruled in favor of rival Medtronic in patent infringement suit; Boston Scientific ordered to pay $19 million in damages, appealing. Shares down 20% in that year. Company acquired heart-device maker CryoCor in May for $17.6 million despite lawsuits to block the deal.

02) Richard Lefrak & Family -

Net Worth:$4.0 bil
Fortune:inherited
Source:real estate
Age:63
Country Of Citizenship:United States
Residence:New York, New York
Industry:Real Estate
Education:Amherst College, Bachelor of Arts / Science, Columbia University, Doctor of Jurisprudence
Marital Status:married, 2 children

Grandfather Harry moved to New York in early 1900s, created glassworks for Louis Comfort Tiffany. Began developing real estate 1901. Father, Sam, expanded in New York City and New Jersey; built LeFrak City in Queens 1959. Richard joined family business in 1970s, became chairman after dad died in 2003. Today portfolio includes 5,000 apartments in LeFrak City, 16-million-square-foot commercial, residential, retail complex in Newport, N.J. 'Mini-city' includes 429-room Westin Jersey City Newport hotel that opened in February, 2 new residential towers currently under development. Diversifying into Los Angeles, London real estate; owns interests in oil and gas wells.

03) Amos Hostetter Jr -

Net Worth:$1.9 bil
Fortune:self made
Source:cable television
Age:72
Country Of Citizenship:United States
Residence:Boston, Massachusetts
Industry:Media
Education:Amherst College, Bachelor of Arts / Science, Harvard University, Master of Business Administration
Marital Status:married, 3 children

Stockbroker's son invested $4,000 to set up cable company with frat brother 1963. Brought cable programming to rural cities. Continental Cablevision grew into nation's largest privately held cable firm; sold to US West for $11 billion in 1996. Bought back company, renamed MediaOne. Flipped to AT&T for $58 billion 3 years later. Today chairs investment firm Pilot House Associates; owns $85 million stake in Energy Transfer Equity. With partners, sold telecommunications firm Aloha Partners — then the largest owner of 700 megahertz radio frequency — for $2.5 billion in 2007. Invested in GlobalPost, a syndicated news service that provides newspapers and websites outsourced international coverage via a network of part-time foreign correspondents

Fordham University Billionaires

noreply@blogger.com (Asav Patel) — Mon, 04 Jan 2010 16:50:00 +0000

Billionaires from Fordham University

Recently I have posted a post,

Billionaires according to Alma Mater

After reading this post, I receive a query that, who are the 3 Billionaire Alumni from Fordham University? Well, let me tell you the name and background of those 3 Billionaires.

01) Evgeny (Eugene) Shvidler -

Net Worth:$1.0 bil
Fortune:self made
Source:Millhouse LLC
Age:45
Country Of Citizenship:United States
Residence:London
Industry:Oil
Education:Gubkin Institute of Petrochemicals and Natural Gas, Bachelor of Arts / Scie, Fordham University, Master of Business Administration
Marital Status:married, 5 children

Minority partner in Russian oil magnate Roman Abramovich's Millhouse LLC; firm founded 2001 to manage assets owned by Abramovich and his partners. Duo founded oil-trading outfit Runicom early 1990s. Took control of oil firm Sibneft 1995; sold stake to Russian state-owned gas monopoly Gazprom for $13.1 billion a decade later. Agreed to buy 41% of Evraz, Russia's largest steelmaker, in 2006. Took drugmaker Pharmstandard public May 2007. Other investments: Russian meat processor, Moscow real estate. Abramovich gave Shvidler his yacht 2006; Le Grand Bleu (The Big Blue) came complete with 65-man crew, helicopter, aquarium, speedboat.

02) Lorenzo Mendoza & family -

Net Worth:$2.0 bil
Fortune:inherited
Source:beverages
Age:43
Country Of Citizenship:Venezuela
Residence:Caracas
Industry:Beverage
Education:Fordham University, Bachelor of Arts / Science, Massachusetts Institute of Technology, Master of Business Administration
Marital Status:married, 4 children

Head of brewer and sodamaker Empresas Polar, one of Venezuela's largest private companies. Grandson of company founder. Leftist president Hugo Chavez publicly threatened to nationalize Polar if it was caught hoarding food; Polar said it has no role in the country's food shortages. Runs one of Venezuela's largest charities.

03) Amanda Hearst -

She is the Top 20 Most Intriguing Billionaire Heiresses.

Daughter of Anne Hearst, niece of Patty Hearst, great granddaughter of William Randolph Hearst, $8.7 billion (for entire Hearst clan on the Forbes 400)
Great-granddaughter of publishing legend William Randolph Hearst and niece of the famously kidnapped and brainwashed Patty Hearst, Amanda is a well-known New York socialite who was once featured in a Harper's Bazaar article detailing her annual maintenance cost of $136,360. (She says she was taken out of context.) The former model is now "global ambassador" for Tommy Hilfiger. She graduated with an art history degree from Fordham University. The heiress is also a member of environmental nonprofit organization Riverkeeper.

Anil Ambani Aishwarya Rai

noreply@blogger.com (Asav Patel) — Mon, 04 Jan 2010 13:28:00 +0000

Anil Ambani Aishwarya Rai

I really don’t understand that why the popular magazines resorting to cheap, baseless slanderous gossip?just to enhance sales?? I think magazines report such kind of baseless news just to increase its sales.

Here is a news headline,

Aishwarya is agitated. In its new issue a news magazine states that Anil Ambani has developed more than a passing interest in the ravishing Rai and that marriage plans have been discussed. Sitting with her legs curled up, looking no more than 24 (outer limit!) Ash doesn?t know whether to laugh or cry. She opts for the former.

Anil Ambani and Sushmita Sen

noreply@blogger.com (Asav Patel) — Mon, 04 Jan 2010 13:19:00 +0000

Anil Ambani and Sushmita Sen

Becoming a Billionaire sometimes attract un due attention & criticism and Anil Ambani is the best example of this. Anil Ambani is the billionaire who has been criticized with various starlets since his college life.

Here is a rumor about Anil Ambani in various media.

India’s biggest and the richest top industrialist Anil Ambani was allegedly having an affair with ex-Miss Universe turned actress Sushmita Sen. It was also reported that it was he who had bought her the plush flat in Bandra. Sushmita Sen of course rubbished the news. Hardly had this gossip died down when Ambani was accused of having affair with ex Miss World turned actress Aishwarya Rai. “I think it is case of mistaken identity. I have just met him once at Bharat Shah’s birthday bash. That’s it! I’m not having anything to do with him,” Ash said.