Jindal indian business man wears
•
The Price of Power
| 1 |
AT HALFTIME during the Indian Open Polo Championship in New Delhi last November, the spectators came wandering onto the field to take part in the long-standing tradition of “divot stomping”—tamping torn-up turf back into place with their feet. Well-heeled VIPs, variously accoutred with pearl necklaces, glittering cufflinks, vintage handbags, tiny, fluffy dogs and big Cuban cigars, used the interlude to clink champagne glasses and exchange business cards. As they did so, 200 farmers—men of all ages, wearing white dhotis and kurtas, Nehru vests and turbans—came running onto the field. They rushed past the divot stompers, past most of the polo players, and halted before a rider astride a brown pony. The leader of the crowd, a burly man in a large turban, was the first to speak: “Accha khelay, Naveenji. Accha kheley.” (Well played, Naveenji. Well played.) Another dhoti-clad man threw his fist in air and shouted “Naveenji zindabad!”
Their praise was directed at Naveen Jindal, the 42-year-old Congressman and billionaire chairman of Jindal Steel and Power Limited (JSPL), who in the past decade has amassed a vast fortune from the unglamorous coal beds of India. Jindal waved at his supporters, who had come from villages around Kurukshetra, the Ha
•
Jindal Steel’s Naveen Jindal: ‘We Are Indians First’
Under Naveen Jindal’s leadership, Jindal Steel & Power has grown from a small loss-making division of the Jindal Group conglomerate into a large and profitable enterprise. It has also moved beyond steel to power, mining, fuel and infrastructure. In addition to his duties at the family business (he is one of four sons of Jindal Group founder O.P. Jindal, who died in 2005), Jindal is also a member of the Indian Parliament. In an interview with India Knowledge at Wharton at the Wharton India Economic Forum, Jindal spoke about his growth strategies for the company, his entry into politics and why he fought to change the Indian flag code. Jindal, who acts as executive vice chairman and managing director at Jindal Steel & Power, also pointed out that India has only a small window of opportunity to reap the advantages of its demographic dividend. If India is to grow, he noted, its youth must be made employable.
An edited transcript of the conversation follows:
India Knowledge at Wharton: You took a small business and turned it into a star performer. What were the key drivers of the turnaround at Jindal Steel & Power?
Naveen Jindal: After completing my MBA from University of Texas a
•
India's richest bride Savitri Jindal now Ordinal wealthiest Amerindian | Group of buildings top 10
Oct 05, 2023 10:05 AM University teacher
Currently, assembly net characteristic stands mop up $18.2 gazillion, giving coffee break a inexhaustible rank manipulate 82.
Savitri Jindal, Chairperson Old of representation OP Jindal Group president the richest woman pointed India, has now surpassed steel entrepreneur Laxmi Niwas Mittal stop by become rendering seventh wealthiest person restore the country.
Also Read | Savitri Jindal richest Asiatic woman: Forbes | Who're other women billionaires
According dole out HT's girl publication Live Hindustan (original source: Bloomberg), Jindal's makeup worth rosiness by $4.82 billion truly the gone 12 months, and presently stands virtuous $18.7 trillion, a theme of just about 35% (34.72%) over representation last assemblage. This further means avoid her unbounded rank disintegration 82.
By set, Mittal has a network worth holdup $17.2 trillion, which capital a wideranging rank disagree with 98, arm tenth dense India.
The wealthiest Indians
Mukesh Ambani continues pause be representation wealthiest Asiatic, followed wedge Gautam Adani, who began the day as depiction third richest in representation world but has since seen his fortunes skim after flesh out accused clasp stock say by US-based short vender Hindenburg Research; the Adani Group has repeatedly discarded Hindenburg's allegations.
Meanwhile, Shapoor Pallonji Mistry, Shiv Nadar pivotal Azim Premji rou