WIPRO TECHNOLOGIES

Their focus was on acquisitions in FY07. Ready for the big game?

From a modest peanut oil business to one of India’s largest Technology Service Companies, Wipro has come a long way. Headed by one of India’s greatest entrepreneurs – Azim Premji, Wipro is India’s third largest software firm. Over the past four fiscal years, Wipro has nearly tripled income and registered itself in the prestigious $3 billion club and its employee base has also tripled to around 65,000. The company hires a staggering three persons every working hour! In what is described as its ‘String of Pearls’ strategy, Wipro has embarked on an acquisition spree in different regions to gain access to new markets. Some of the major acquisitions include Austria’s NewLogic, USA’s MPower, Quantech Group and the latest being Enabler in Portugal.

Interestingly, the company does not disclose its 400 strong client-list, which includes publicly known clients like Nokia, GE, ABN Amro, among others. Azim Premji sums it up saying, “Our investments and focus on enhancing value to our customers and stake holders have paid off. We see new challenges and exciting opportunities ahead. We believe that we have the right ingredients in place to keep winning.” Need one say more?

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Source:- IIPM Editorial, 2008
An IIPM and Management Guru Prof.Arindam Chaudhuri's Initiative

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The Sunday Indian

The mar(s)tian hotelier

Rachna NARANG... the gourmet queen now has ‘designs’ on the global hospitality sector

Born with a silver spoon in her mouth to the famous hotelier Narang family, Rachna Narang never thought that she would step into the business world. But coaxed by her brother Sanjay, she did and is today sitting perched as Director of International division in MARS Group. A Cornell University Graduate in liberal arts, her 16 years experience in conceptualising, designing and operating chains restaurants, has enabled successes like Croissants et al (a bakery outlet chain) to rest snugly under her belt.

Says Shitij Deopujari, Manager, Intercontinental Hotels: “Rachna Narang has excelled in the hospitality industry.” Today the brother sister duo are proud owners of the Mars Group, with a virtual smorgasbord of restaurants, boutique hotels, leisure clubs and airline catering brands.

Within the group, Rachna heads the in-house design team, responsible for the look of each outlet. From designing crockery to writing out details in the menu card, she does it all. Mars plans to invest over Rs.1 billion & has a target of a turnover of Rs.1.5 billion this financial year. Flying high with accomplishments, here’s one lady who will never say that only the ‘Men are from Mars’. She’s virtually sitting in Mars and holding the sceptre over the gastronomic cravings of millions...

For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank

The Sunday Indian

High on the highway!

What’s your take on the potential of the sector?
The fact that the latest estimate for funds needed for developing India’s infrastructure is over $320 billion over the next 5 years, itself indicates the opportunities ahead for infrastructure developers and funding agencies. Government has already laid stress on public-private-partnership, without which this huge target is difficult to achieve.
There is no doubt that India needs a substantial step-up in its infrastructure efforts, given its dream of becoming one of the leading economic powerhouses in the world. Also in order to maintain the growth rate in excess of 9%, the country will have to create infrastructural facilities, both industrial and social, much faster.
As a large player in private sector, SREI Infrastructure Finance is clearly aware of the opportunities as well as the role it has, as also needs to play in infrastructure sector.

What was the rationale behind getting listed on LSE?
By listing on London Stock Exchange, we have achieved three objectives – firstly, we have been able to considerably expand our investor base and made it more international. Secondly, we have been able to raise further capital to grow our business, and lastly it has allowed us to open the door for becoming an Indian multinational company.

For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank

The Sunday Indian

Paris’s ‘makeover’ in Los Angeles prison

Well, wonders never cease! Hotel heiress, compulsive socialiser, and party animal Paris Hilton – who’s been knocked into Los Angeles jail for 45 days for violating probation in a drunken driving case (she’s likely to be released on June 25) – has changed! Yes, you heard it right! She now says that she’s become spiritual, that God has given her a “new chance”, and that how after her release she would help people suffering from multiple sclerosis or breast cancer. The Guardian reported that, talking to television anchorwoman Barbara Walters (on the phone), Hilton said: “I’m not the same person I was… I used to act dumb. It was an act. I am 26 years old, and that act is no longer cute.” And here’s the clincher: “My soul did not like the way I was being seen and that is why I was sent to jail… God has released me.” Yes, Paris, we believe you. Miracles still happen now and then!

For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank
The Sunday Indian