Saturday, March 22, 2008 - The Park Hyatt Philadelphia at the Bellevue

Table of Contents

2 Dean’s Welcome

3 Note from the Chairs

4 Theme

5 About WIEF

6 Maps

8 Keynotes

14 Panel: Retail & Consumer Technology: Selling to the New Indian Consumer

16 Panel: India’s Underprivileged Majority: The Real Development Story

20 Panel: Infrastructure: Opening the Floodgates

22 Panel: The Indian Diaspora

26 Panel: Investing in India: The Maturation Process, What’s Next?

28 Panel: India’s New Mandate: Addressing the Health Care Paradox

34 Organizing Committee

35 Notes
 Dean’s Welcome

I am delighted to welcome you to the 12th Annual Wharton Indian Economic Forum. The
breadth and depth of our audience today is most impressive—as is their knowledge of India—
with top business executives, government officials and policymakers, as well as leading aca-
demics from Wharton and around the world. We are especially honored to have as a keynote
speaker Dr. A.P.J. Abdul Kalam, former president of India and a renowned scientist. Together
we share a common mission: first, to create and disseminate new and useful knowledge that
will improve business practices in India, and, second, to assist and encourage global corpo-
rations in supporting sustainable growth of the Indian economy.

For more than 125 years, Wharton has been global in its focus and actively engaged in the
world community. As we explore promising future opportunities for the Indian economy,
Wharton brings to this task unparalleled intellectual capital, as well as a desire to strengthen
and expand our connections to India.

Our roots in India are longstanding and continue to grow each year. Our alumni base in In-
dia is extensive and actively engaged, with an ever-increasing enrollment of Indian students
in our undergraduate, MBA and doctoral programs. Much of our academic focus on India
has been spearheaded by several senior Indian scholars on our faculty, who, along with
other Wharton faculty, conduct cutting-edge research on Indian firms and issues. This past
year, Wharton was proud to renew its association with the Indian School of Business, and to
launch the ISB-Wharton Joint Research Initiative. In addition, we have welcomed to campus
several leading figures in the Indian economy, including Finance Minister P. Chidambaram
and Arcelor Mittal President and CEO Lakshmi Mittal.

Opportunities presented by this conference, as well as such resources as India Knowledge@

Wharton (http://knowledge.wharton.upenn.edu/india), our biweekly online business journal
specifically for India, advance our commitment to India. I encourage you to engage deeply
in today’s discussions to gain additional insights into how you can be involved in conceptual-
izing, envisioning and driving the future of India.

Sincerely,

Thomas S. Robertson
Dean and Reliance Professor of Management and Private Enterprise
The Wharton School of the University of Pennsylvania

2 The 12th Annual Wharton India Economic Forum

Note from the Chairs

On behalf of the organizing committee, it is our privilege to welcome you to the 12th Annual Wharton India Economic Forum.

Our conference theme this year is “India | Imagine”. It is our hope that this conference will not only give you a glimpse of what lies ahead of
India, but also inspire you to join us in imagining India’s prospects, the imperative needs, and the surrounding issues. We aspire to be a forum
for discussing not just India’s economic prospects in the world, but also how it can be a politically active and socially responsible power.

Past forums have duly focused on how to mobilize and prepare India, as a nation, to define and deliver on its incredible potential and the
expectations that come with it. We now take this discussion a step further and explore new frontiers for India as it establishes itself firmly on
the world stage. Our aim at this Conference is to foster a creative dialogue to understand India’s abilities to transcend expectations and realize
its true place in the world.

We bring together some of the most illustrious professionals, businessmen and government officials to help us in this endeavor. Thought
leaders will urge you to deliberate beyond the conventional, entrepreneurs will share their success stories and policy makers will give insights
into government perspectives. Keynote speeches and panel discussions will celebrate achievements as well as address topics of concern in
areas such as rural development, healthcare and infrastructure.

We would like to take this opportunity to thank all our sponsors and promotional partners for their generous support and hope to continue
these relationships in the years ahead. We also express our gratitude to the entire WIEF organizing committee, collectively responsible for
bringing this event to fruition.

As the leading business forum and premier student run conference focused on India, we strive to live up to your expectations and hope you
have a memorable WIEF experience. We wish you an exciting and eventful day and look forward to having you with us again next year!

Conference Chairs
Karishma Mehta - Akshay Madhavan - Vivek Garg - Abhishek Gupta

india | imagine 3
 Theme

Imagine. A country of over a billion people believing in their ideas.

“There is nothing more powerful than an idea whose time has come”. Ideas are at the center of the India story. Whether it is the Indian
entrepreneur creating a new wave of jobs, or the new world class aviation industry that India boasts of – we have imagined and we have
achieved. A burgeoning middle class leading to expansive growth in retail was just an idea a decade back. An India deficient in healthcare
infrastructure, stepping forward to becoming a global provider of quality healthcare, is just an idea today. Imagination is at the core of this
confident India.

India needs imagination not only to seize opportunities, but also to take on challenges. It needs ideas to overcome poor governance,
inspiration to nurture the largest number of malnourished children in the world, and initiatives to involve the massive rural population in the
country’s growth.

Throughout the ages, India has furthered conceptions and altered perceptions. At this important juncture, we need to think beyond the
ordinary, and actualize every facet of our immense potential. Pandit Nehru’s words aptly capture our mood, “The future beckons to us.
Whither do we go and what shall be our endeavor?”

4 The 12th Annual Wharton India Economic Forum

About WIEF

Wharton India Economic Forum was launched in 1996 at The Wharton School with a mission to engage the world’s attention on India’s
enormous potential and the limitless possibilities the country offers. India’s evolution both as an emerging economic power and as an
increasingly important contributor to the global community has helped the Conference to broaden its perspectives. Since the first forum,
WIEF has stimulated energetic dialogue between current and future leaders from various walks of economic, social and political life, and has
been covered in over twenty-five leading global newspapers and magazines. Every year it brings together professionals, faculty and students
to share their views and suggestions on the economic, social and political issues impacting India and its aspirations to play a larger role in
world affairs.

Some Past Conferences:

11th Wharton India Economic Forum: “Realizing the Indian Dream”

Rahul Bajaj, Chairman, Bajaj Auto
Rajat Gupta, Former Worldwide Managing Director, McKinsey & Co.
Patrick T. Harker, Dean, The Wharton School, University of Pennsylvania
Shashi Tharoor, Under Secretary General, United Nations

10 th Wharton India Economic Forum: “India’s Mantra for Success”

Ahmass Fakahany, Vice-Chairman and Chief Administrative Officer, Merrill Lynch
Deepak Parekh, Chairman, HDFC
Charles (Chip) Kaye, Co-President, Warburg Pincus

9 th Wharton India Economic Forum: “The Dawn of An Indian Century”

Vivek Paul, Vice-Chairman, Wipro
Kiran Mazumdar-Shaw, Chairperson, Biocon
Lord Meghnad Desai, Member of the House of Lords, UK
K.P. Singh, Chairman, DLF Universal Group

8th Wharton India Economic Forum: “India: Investment for the Future”
Sam Pitroda, Chairman, World Tel Ltd. and Founder, C-Sam Inc.
Ramalinga Raju, Chairman, Satyam Computers Limited
Jay S. Sidhu, Chairman, President & CEO, Sovereign Bancorp and Sovereign Bank
Frank G. Wisner, Vice Chairman, AIG and Former US Ambassador to India

7th Wharton India Economic Forum: “Growth in Uncertain Times: Innovation and Globalization”
Mukesh Ambani, Chairman and MD, Reliance Industries
Sunil Mittal, Chairman and MD, Bharti Enterprises
Arshad Zakaria, EVP & Co-President of Global Markets & Investment Banking, Merrill Lynch

india | imagine 5
 Maps
The Park Hyatt Philadelphia at the Bellevue

7:00 AM - 8:00 AM Breakfast and Registration

(Grand Ballroom Foyer)

8:00 AM - 8:15 AM Inaugural Address

(Grand Ballroom)

8:15 AM - 09:00 AM Opening Keynote

(Grand Ballroom)

9:15 AM - 10:30 AM India’s Underprivileged Majority

(Red and Clover)

10:45 AM - 12:00 PM Indian Diaspora

(Red and Clover)

12:00 PM - 12:40 PM Lunch (Grand Ballroom)

12:40 PM - 12:50 PM Jet Airways Company Presentation

(Grand Ballroom)

1:00 PM - 1:45 PM Lunch Keynote

(Grand Ballroom)

2:00 PM - 3:30 PM India’s New Mandate

(Red and Clover)

3:30 PM - 4:45 PM Closing Keynote

(Grand Ballroom)

5:00 PM - 6:30 PM Networking Reception

(Conservatory)

6 The 12th Annual Wharton India Economic Forum

 9:15 AM - 10:30 AM Retail & Consumer Technology (Rose Garden)

10:45 AM - 12:00 PM Infrastructure (Rose Garden)

2:00 PM - 3:30 PM Investing in India (Rose Garden)

india | imagine 7
 Keynotes

Dr. APJ Abdul Kalam

Former President of the Republic of India

Dr. Avul Pakir Jainulabdeen Abdul Kalam is one of the most distinguished scientists of India with
the unique honor of receiving honorary doctorates from 30 universities and institutions. He has
been awarded the coveted civilian awards - Padma Bhushan (1981) and Padma Vibhushan (1990)
and the highest civilian award Bharat Ratna (1997). He is a recipient of several other awards and
Fellow of many professional institutions.

Dr. Kalam was responsible for the evolution of ISRO’s (Indian Space Research Organization)
launch vehicle program. He made significant contribution as Project Director to develop India’s
first indigenous Satellite Launch Vehicle (SLV-III) which successfully injected the Rohini satellite in
the near earth orbit in July 1980 and made India an exclusive member of Space Club.

Dr. Kalam is also credited with developing Indigenous Guided Missiles at Defense Research and
Development Organization as the Chief Executive of Integrated Guided Missile Development
Program (IGMDP). He was responsible for the development and implementation of AGNI and
PRITHVI Missiles. Additionally, he served as the Scientific Adviser to Defence Minister and
Secretary, Department of Defense Research & Development from July 1992 to December 1999.
During this period he led to the weaponization of strategic missile systems and the Pokhran-
II nuclear tests in collaboration with Department of Atomic Energy, which made India a nuclear
weapon State.

Dr. Kalam’s focus is on transforming India into a developed nation by 2020. Four of his books,
Wings of Fire, India 2020 - A Vision for the New Millennium, My Journey and Ignited Minds -
Unleashing the Power Within India, have become household names in India and among the Indian
nationals abroad. These books have been translated in many Indian languages.

Dr. Kalam became the 11th President of India on 25th July 2002.

8 The 12th Annual Wharton India Economic Forum

 Vinod K. Dham
Founder and Executive Managing Director
NEA-IndoUS Ventures

Acclaimed worldwide as the “Father of the Pentium Processor”, Vinod K. Dham is the Founder and
Executive Managing Director of NEA-IndoUS Ventures, an India focused venture fund aimed for
early stage investments in India.

Mr. Dham is also a Co-Founder and Managing Director of NewPath Ventures, LLC, a $130m Indo-
US venture capital fund focused on cross-border incubations.

Prior to NEA-IndoUS and NewPath, Mr. Dham was the Chairman, President and Chief Executive
Officer of Silicon Spice Inc., a start-up involved in developing innovative “Voice over Internet”
technologies for the emerging VOIP market. Silicon Spice was acquired by Broadcom Corporation
for $1.2B.

Mr. Dham spent the early years of his career at Intel Corporation where he rose to be the Vice
President and General Manager of the Microprocessor Products group. He managed the Pentium,
486 and 386 Microprocessors businesses, and generating multi-billion dollar revenues and profits.
Earlier, Mr. Dham was responsible for developing Non-Volatile memory technologies at Intel and
NCR. He is a co-inventor of Intel’s Flash memory technology.

After 16 years at Intel Corporation, Mr. Dham joined a Microprocessor start-up, “NexGen”, as its
Chief Operating Officer. Mr. Dham was instrumental in redefining Nexgen’s processor direction
and engineering its merger with Advanced Micro Devices. At AMD, Mr. Dham became the Group
Vice President responsible for all of the Microprocessor businesses, felped lay the foundation for
their Microprocessor product development, and oversaw the launch of K6, then the world’s fastest
windows processor.

In 1993, Mr. Dham was named one of the top 25 executives in the US computer industry. In 1999,
he was named one of the top 100 most influential Asian Americans of the decade. In 2000, Mr.
Dham was appointed to serve on the US President’s Advisory Commission on Asian Americans
and Pacific Islanders. Over the years Mr. Dham has been involved in many non-profit activities.
He served as a Board member for The Indus Entrepreneur (TIE), an organization for promotion
of Entrepreneurships. He is on the board of the American Indian Foundation (AIF), charged with
mission of accelerating social and economic change in India and has served as their trustee in the
past.. He has been a major supporter of India Community center (ICC), focused on enriching lives
and building Indian community in Silicon Valley and has helped launch the Indo-American Council
(IAC),a platform for helping bring indo-Americans in US to participate in mainstream politics.

Mr. Dham serves on the Boards of Satyam, Sasken, InSilica, Nevis, Telsima Montalvo, Minekey
and ISGN.

Mr. Dham has a Bachelors and Masters Degree in Electrical Engineering.

india | imagine 9
 Keynotes

Tejpreet S. Chopra
President and CEO
GE - India, Sri Lanka, Bangladesh

Tejpreet S. Chopra is the President and CEO of GE in India, and is responsible for directing GE’s
strategies for growth in the country.

Having held various business roles over a period of 15 years in France, England, Hong Kong, India
and USA, Mr. Chopra brings considerable management and global finance experience to this
position.

Prior to assuming his current role, Mr. Chopra served as President & CEO of GE Commercial
Finance in India. During his tenure he successfully restructured and expanded the business thereby
establishing GE Commercial Finance as one of the premier financial institutions in India.

Since joining GE in 1996, he has held positions in marketing, structured finance and risk
management, in Stamford and Hong Kong for GE Commercial Aviation Services (GECAS). In 2005,
he moved from the unit’s headquarters in Stamford, Connecticut, to open GECAS’s, office in Delhi.
As Senior Vice-President and Country Head-India for GECAS, Mr. Chopra arranged over US$1
billion in financing for India’s growing airline industry.

Mr. Chopra is involved in various industry associations. He is a member of the National Council of
the Confederation of Indian Industry (CII), and on the National Executive Board of the American
Chamber of Commerce in India (AMCHAM).

He graduated from The Lawrence School, Sanawar. Mr. Chopra holds a MBA degree from Cornell
University and a B.A. Honors degree in Economics from St. Stephen’s College, Delhi University.
Mr. Chopra resides in Delhi with his wife Itiva. He enjoys golfing and used to swim at the national
level in India.

10 The 12th Annual Wharton India Economic Forum

We Thank the Following Panel Sponsors
Retail & Consumer Technology: Selling to the New Indian Consumer

Cisco is the leading supplier of networking equipment and network

management for the Internet. Since the company’s inception, Cisco
engineers have been leaders in the development of Internet Protocol
based networking technologies. Today, with more than 63,050 employees
worldwide, this tradition of innovation continues with industry-leading
products and solutions in the company’s core development areas of
routing and switching, as well as in other advanced technologies.

India’s Underprivileged Majority: The Real Development Story

AIS is the largest integrated glass company in India, manufacturing a

wide range of international quality automotive safety glass, floatglass,
architectural processed glass and glass products.

Infrastructure: Opening the Floodgates

A emerging markets fund focusing on event-driven/distressed/special

situation investments in India.

The Indian Diaspora

Bank of India is one of India’s oldest public sector banks, founded in

1906. The Bank has 2,644 branches in India spread over all states/ union
territories including 93 specialized branches. It was the first Indian Bank
to open an international branch in London in 1946. The Bank has sizable
presence internationally with a network of 23 branches including London,
New York, Paris, Tokyo, Hong-Kong and Singapore.

Investing in India: The Maturation Process, What’s Next?

MAPE is a mid market investment bank focused on M&A, Capital

Raising and advisory services to public and private companies in the
Pharmaceuticals, Technology, Financial Services and Engineering
sectors. Its key subsidiaries include MAPE ADMISI (JV with ADM
focused on Brokerage services) and MAPE GROUP LLC (Cross Border
Transaction services).

India’s New Mandate: Addressing the Health Care Paradox

Khubchandani Group has diverse interests in Real Estate Development,

Healthcare, Hospitality, Education, Retail and Leisure. The group is
currently developing two major hospitals and a med city in Mumbai,
India.

india | imagine 13
 Panel
Retail & Consumer Technology: Selling to the New Indian Consumer

This panel examines selling to the Indian consumer. How must we understand the change in the Indian consumer’s spending habits? Have foreign
and Indian firms reacted to these changes and the ever burgeoning middle class consumer base? What strategies are going to work, moving forward?
How does the government fit into the picture? How does the distinctive Indian market, with its unique income distribution across age groups, along
with the cultural and social differences across geography and class, influence company strategies?

Erin Armendinger (Moderator) Rajeev Karwal

Managing Director
Jay H. Baker Retailing Initiative
The Wharton School
Erin Armendinger is the Managing Director of the
Jay H. Baker Retailing Initiative at the Wharton School. In this role Ms.
Baker is responsible for forming bonds between students, retail leaders
and academics. Ms. Baker joined the Baker Retailing Initiative in July
of 2007. Prior to this, Ms. Baker was the Manager of Business Process
Improvements in the Supply Chain group at Tiffany and Co. Prior to
taking on this role Ms. Baker was the Category Manager for Tiffany’s
signature Engagement business and managed a Strategy group in the
Merchandising division. Ms. Baker began her career in the Financial
Services industry. Ms. Baker has an undergraduate degree in Economics
and International Relations from American University and an MBA from
The Wharton School.
Sunil Dutt
Country Head
Samsung Mobile India
Founder and CEO
Milagrow Business and Knowledge Solutions
In a career spanning over 24 years, Mr. Rajeev Karwal
has worked on startups, turnarounds and more. He
has worked in India and abroad with companies like LG, Philips, Onida
and Electrolux. After stepping down from the post of President & CEO, of
the Consumer Durables Vertical of Reliance Retail he founded Milagrow
Business and Knowledge Solutions to help the Micro Small and Medium
Enterprises with its unique ‘Venture Catalyst’ approach. Mr. Karwal
heads the Retail Panel ‘Chief Ministers Group’ at FICCI to influence the
framing of the right policy framework for the growth of the retail sector in
India. For 2006-07 he is on CII’s national core committee on Retail and
National Chair, Integrity India Campaign, CII for 2007-08. He also heads
the Incubation for National Innovation Foundation since 2007. Rajeev
firmly believes long-term success can occur only if an organization
constantly aligns to/shapes the consumer needs/expectations. Rajeev
also reflects his thoughts on his blog at www.rajeevkarwal.com.

Mr. Dutt is responsible for spearheading the sales

and marketing function for both Samsung GSM and
CDMA mobile business in the country. A post graduate in management,
Mr. Dutt brings with him 23 years of rich and varied work experience,
having worked in organizations like Philips India, Wipro Limited, Whirlpool,
Barista and Nokia. Prior to joining Samsung, he worked at Nokia India as
Director, Sales, where he was responsible for driving sales and building
the strong distribution and retail backbone for the Company. Mr. Dutt has
been actively involved with the growth of Indian mobile Industry and has
been one of the pioneers in building the channel /distribution for mobiles,
driving penetration and retail development for mobile handset business
in the country. Having been associated with the telecom industry since
2002 he has deep knowledge of the Indian telecom market.

14 The 12th Annual Wharton India Economic Forum


V. Ramachandran
Director Sales & Marketing
LG Electronics India Pvt. Ltd
Mr. V. Ramachandran is a veteran in the sphere
of sales and marketing of consumer products. He
brings with him rich experience of over 2 decades gained during his
tenure of working with reputed brands across various industries, handling
key profiles in international business, general management, brand
development, consumer insight and strategic network development.
At LG, Mr. Ramachandran has been spearheading LG’s Sales and
Marketing team and is responsible for enhancing both internal and
external competitiveness and growth of the company. His vast exposure
to international markets will help LG India to gain global competencies
in the arena of brand innovation and marketing. His core skills include
understanding key consumer behavior and strategy implementation
which will play a vital role in taking LG’s association with consumers
and trade partners to the next level. He earned his Master’s Degree from
Somaiya Institute of Management, Mumbai and is a graduate in Science
from University of Mumbai.
india | imagine
Sponsored By:
Arvind Singhal
Chairman
Technopak
Mr. Singhal has been the Chairman of Technopak
Advisors since 2006. Prior to this, he was Managing
Director of KSA Technopak (1996-2005) and Technopak (1991-1996). He
has also held positions at DCM Group, DCM Data Products, VXL India
Ltd. and Modern Suitings. Technopak Advisors is an India based leading
Management Consultancy firm focusing on the Fashion (Fiber to Retail),
FMCG, Other Retail, & Healthcare sectors. Technopak is also a pioneer
in tracking Consumer/Retail trends in India and publishes several well
known studies such as Indian Consumer Trends, India Luxury Trends,
and India Retail Report etc. Mr. Singhal is professionally active at
various professional associations and industry fora, and is also a regular
contributor to various publications including a bi-weekly column for
Business Standard. He is acknowledged as one of the foremost experts
on the Indian and International textile and retail sectors and regularly
addresses Indian and International conferences. He has also given guest
lectures at various leading Institutions in India e.g. IIM-Ahmedabad, IIM-
Kozhikode, IIM - Lucknow, IIM - Indore, IIM - Kolkata, Indian School of
Business - Hyderabad, MDI (Gurgaon), NITIE (Mumbai), NIFT (Delhi), IIT
- Kanpur, IIT- Delhi, IIT - Roorkee, NID - Ahmedabad etc. Mr. Singhal
has Bachelor of Engineering (Electronics & Communication), from Indian
Institute of Technology, Roorkee (formerly University of Roorkee) and an
MBA (Finance & Marketing) from UCLA.
15
 Panel
India’s Underprivileged Majority: The Real Development Story

This panel aims to understand the dichotomy that is India. How is it that it continues to remain an underdeveloped country while having the fourth
largest economy in terms of purchasing power parity? What explains this paradox? We aim to explore the reasons behind the widening gap between
India’s rising middle class and its underprivileged majority and examine possible measures that can be taken to alleviate the situation.

Vikram Akula Shanta Devarajan

CEO and Founder Chief Economist
SKS Microfinance World Bank’s South Asia Region

Vikram Akula is the Founder of CEO of SKS Shantayanan Devarajan is the Chief Economist of
Microfinance, one of the leading microfinance the World Bank’s South Asia Region. Since joining
institutions in the world. In 2006, Vikram was named by TIME Magazine the World Bank in 1991, he has been a Principal Economist and Research
as one of the world’s 100 most influential people. Vikram launched SKS Manager for Public Economics in the Development Research Group,
in 1998 because a fundamental flaw he saw with microfinance—namely, as well as the Chief Economist of the Human Development Network.
its inability to scale to large numbers. Vikram identified three constraints He was the Director of the World Development Report 2004, Making
to scaling, the three “Cs”: lack of capital, capacity constraints, and the Services Work for Poor People. Before 1991, he was on the faculty of
high costs of delivering micro-loans. He then set up SKS to overcome Harvard University’s John F. Kennedy School of Government. The author
this challenge on the basis of three innovative principles: (1) using a or co-author of over 100 publications, Mr. Devarajan’s research covers
profit-oriented model to overcome capital constraints (2) leveraging public economics, trade policy, natural resources and the environment,
best practices for scaling from the business world to overcome capacity and general-equilibrium modeling of developing countries. Born in Sri
constraint (3) using technology to automate processes and lower costs. Lanka, Mr. Devarajan received his A. B. in mathematics from Princeton
Using these three inter-linked principles, SKS has been able to scale in an University and his Ph. D. in economics from the University of California
unprecedented manner—having provided over $440 million in unsecured at Berkeley.
loans and micro-insurance products to 1.7 million poor women and
their families spread across 20,000 villages and slums of India while
maintaining a 99% repayment rate. SKS adds over 50 new branches
and 120,000 new customers every month, growing at annual rate of
200%, one of the fastest in the industry. This pace has attracted equity
investments from premier venture capitalists including Vinod Khosla (co-
founder of Sun Microsystems), Sequoia, (early investor in companies
such as Cisco, Yahoo and Google) and Ravi Reddy (co-founder of Think
Systems). A former management consultant with McKinsey & Company,
Vikram holds a B.A. from Tufts, an M.A. from Yale, a Ph.D. from the
University of Chicago, and was a Fulbright Scholar. He has received
several awards, including the Schwab Social Entrepreneur of the Year
(India), the Ernst & Young Start-Up Entrepreneur of the Year (India) and
he has been profiled in media ranging from CNN to front page of the Wall
Street Journal.

16 The 12th Annual Wharton India Economic Forum


Ravi Kuchimanchi
Founder
Association for India’s Development (AID)
Ravi Kuchimanchi founded the Association for
India’s Development (AID) in 1991, while a graduate
student at the University of Maryland, with the vision “problems are
interconnected, so must be the solution.” AID has matured into a
volunteer movement for sustainable, holistic development with 50
chapters in USA, Australia and India. It brings highly skilled professionals
such as the Non-Resident Indian community, to partner with the poor,
and underprivileged so that there is a deeper understanding of causes
beyond the mere symptoms of poverty. With his collaborators Ravi
developed the pedal power generator to light remote, off-the-grid village
schools where students take turns to pedal. Demand for alternate energy
in the Narmada river valley in western India, where there is an ongoing
struggle against large dams such as the Sardar Sarovar, led Ravi to forge
a collaboration between AID and grassroots groups such as People’s
School of Energy, Narmada Bachoa Andolan and Sarvodaya centre,
that electrified 12 hamlets of the tribal village Bilgaon. This inspired the
Bollywood film Swades (2005) that became a symbol for Non-Resident
Indians interested in India’s development. Recently, Ravi has been
interested in Indian democracy’s latest achievement -- the Right to
Information (RTI) Act, which gives citizens of India access to government
documents and increases transparency. This, along with the National
Rural Employment Guarantee Act (NREGA), which promises 100 days
of work to all rural families, with an annual budget of $3 billion, has the
potential to change the face of India. With collaborators in the Indian
state of Orissa, he has conducted audits of the government employment
program where significant parts of the funds were being siphoned off by
contractors and officials. Ravi has a B.Tech in Civil Engineering from Indian
Institute of Technology, Mumbai and a PhD in Physics from University of
Maryland. He did his postdoctoral work in theoretical particle physics at
University of Virginia. He has published several papers in international
physics journals including Physical Review Letters..
india | imagine
Sponsored By:
Indira Rajan
Chairperson & Managing Director
Minerva Group of Educational Institutions
Indira Rajan is the Chair person and Managing
Director of Minerva Group of Educational Institutions,
acclaimed for promoting institutions providing value Oriented Education.
She is the Executive Trustee of Global Educational Foundation, a venture
for promoting Higher Education. Her organizational acumen has made
her the Executive Trustee of National Institute of Education Research
and Training, New Delhi. She is the Vice President of Kerala CBSE School
Association. Mrs. Rajan is the chair person of Sat Bhavana, a charitable
organization constituted in 1998, sponsoring education facilities for
needy and deprived students in the state, aiding moral and physical help
for physically challenged. She initiates activities of women empowerment
and environmental awareness. Mrs. Rajan is the Global President of
World Malayalee Council Women’s Forum, an organization of Keralites
across the globe. She is organizing and campaigning for a project called
”Pariraksha”, a mother and child care project for promoting the existing
standards of women and child health in hospitals across the state of
Kerala in India. Mrs. Rajan has the honor of receiving many research
awards for her commendable work in education. She was awarded the
National Award for Best teacher in 2002 for Innovative Teaching Methods
and the Sat Bhavana Award for excellence as a social activist in 2005.
She was felicitated by Honorable former President Dr A.P.J Abdul Kalam
for instilling nationalistic fervor among children at Rashtrapati Bhavan,
New Delhi on July 18, 2007. She was also invited as the “Women
Ambassador of Kerala” to USA in 2006 where she presented paper on
the role of women in socio–economic development in the past 50 years.
She is a post-graduate in History and English and has acquired Masters
in Education from The University of Kerala, India
17
 innovative vision

[
impressive achievements

partnership and collaboration

]
strong leadership

Merrill Lynch is proud to be a

Gold Sponsor of the Wharton
India Economic Forum

When we join forces with another

forward-thinking organization,
progress is inevitable.

Merrill Lynch is an equal opportunity employer.

ml.com/careers
ml.com/diversity
 Panel
Infrastructure: Opening the Floodgates
Infrastructure in India has witnessed explosive growth over the past few years. This panel will address the commercial viability of building infrastructure,
the role of FDI in this sector and also focus on investments in non-cosmopolitan regions.
Vikram Limaye (Moderator)
Executive Director
IDFC
A Chartered Accountant and an MBA from the
Wharton School of the University of Pennsylvania,
Mr. Vikram Limaye joined IDFC as Executive Director in March 2005. Mr.
Limaye has over eighteen years of experience with Global Investment
Banks, Foreign Banks and Global Accounting Firms. Prior to joining
IDFC, Mr. Limaye was with Credit Suisse First Boston (CSFB) in USA in a
variety of roles in investment banking, capital markets, structured finance
and credit portfolio management. Mr. Limaye began his corporate career
with Arthur Andersen in Mumbai and has also worked with the Business
Advisory Services Group at Ernst and Young and the Global Consumer
Banking Group at Citibank N.A.
20
Anil Baijal
Senior Advisor
IDFC
Born on 16th October, 1946, Mr. Baijal joined the
Indian Administrative Service in 1969. He retired
from government service in October, 2006 as Secretary, Ministry of Urban
Development, Government of India. In that Ministry, he anchored the
designing and roll-out of the flagship programme of Jawahar Lal Nehru
National Urban Renewal Mission (JNNURM) with federal grant of about
US dollars 12 billion, for improvement of infrastructure and provision of
basic services in urban areas of India. In his long service career spanning
over 37 years, Mr. Baijal has held various important assignments like that
of the Union Home Secretary; Chairman & Managing Director , Indian
Airlines; Chief Executive Officer, Prasar Bharti Corporation( Broadcasting
Corporation of India); Vice-Chairman, Delhi Development Authority;
Development Commissioner,Goa and Counselor in-Charge of Indian
Aid Programme in Nepal. After retirement from Government service,
Mr. Baijal is working as Sr. Advisor in the Infrastructure Development &
Finance Company Ltd. (IDFC). He has also set-up his own consultancy
firm - the Urban Space Consultants Ltd., which provides advisory
services in spatial planning, issues of urban governance and investment
opportunities in the urban sector in India.
The 12th Annual Wharton India Economic Forum

Nasser Munjee
Chairman
Development Credit Bank Ltd.
Nasser Munjee is the non-executive part-time
Chairman of Development Credit Bank Ltd. (DCB).
Prior to joining DCB, Mr. Munjee was with Infrastructure Development
Finance Corporation (IDFC) as its Managing Director and CEO. Earlier, he
served as the Executive Director of the Board of Housing Development
Finance Corporation (HDFC) which he continues to be along with 14
other companies and several other institutions as Chairman, Member of
the Board or as a Trustee. Mr. Munjee is a Technical Advisor on the World
Bank - Public Private Partnership Infrastructure Advisory Fund, Member
of the Board of Emerging Markets of South Asia Fund (EMSAF), Trustee
of HSBC Asset Management Trust and an Advisor to Primary (Quantum)
Real Estate Fund. He holds a Bachelor’s degree from the University of
Chicago and a Master’s degree from the London School of Economics,
U.K.
india | imagine
Sponsored By:
EIGHT CAPITAL
G.V. Sanjay Reddy
Vice Chairman
GVK Industries Ltd.
Mr. Sanjay Reddy is the Vice Chairman of GVK
Industries Limited as well as MD of Mumbai
International Airport Private Limited, MD & CEO of GVK Biosciences
Private Limited, Director of Gautami Power Limited, Director of GVK
Power & Infrastructure Limited and Director of Taj GVK Hotels. Mr. Reddy
received his Bachelor of Industrial Engineering from Purdue University,
West Lafayette before going on to receive his MBA (Finance & Corporate
Strategy) from University of Michigan, Ann Arbor. As Vice Chairman of GVK
Industries, he oversees one of India’s largest infrastructure developers
spanning Power, Roads, Airports, Ports, SEZs and Urban Infrastructure.
It has the proud distinction of setting up: India’s First Independent Power
Project at Jegurupadu, Andhra Pradesh in 1996; India’s First 6 Lane BOT
Expressway from Jaipur to Kishangarh in Rajasthan; and the privatization
& modernization of India’s most prestigious Infrastructure Project, the
Chhatrapati Shivaji International Airport, which is India’s largest airport
in Mumbai and the gateway to the country. He was also nominated as a
Young Global Leader for 2007 by the World Economic Forum.
21
 Panel
The Indian Diaspora
The Indian Diaspora’s continued achievements in science, cinema, business and politics in the international arena are an important contribution to
India’s growth. This panel will attempt to understand the Diaspora’s expectations from India in order for its participation in India’s growth story to be
greater.
Shibani Joshi (Moderator)
Reporter
FOX Business Network
Shibani Joshi joined FOX Business Network (FBN)
in September 2007 as a reporter. To her role,
Joshi brings experience in investment banking, strategy and business
development. Joshi began her career as an investment banking analyst at
Morgan Stanley, where she worked on merger, acquisition and corporate
finance deals in the real estate sector. Her experience includes working
on the first privatization of a REIT, a deal which was awarded Institutional
Investor’s deal of the year distinction. From 2004 to 2006, Joshi held the
position of Senior Manager in Strategy and Business Development at
Disney/ABC Media Networks where she worked on the launch of ABC
News Now and helped develop the firm’s global digital media strategy.
Joshi left the corporate world to pursue journalism as a producer
in New York at Reuters Television and TIMES NOW, the joint venture
news channel with The Times of India, where she was responsible for
producing news packages and interviews broadcast all over India. She
has also served as the host of ImaginAsian TV’s The Pulse South Asian
variety show and contributed to ABCNews.com and ABC News Now
covering technology and business stories. She began her journalism
career as a news production assistant at CNNfn where she contributed
to Lou Dobbs Moneyline and CNN Money Morning. Joshi holds an MBA
degree from Harvard Business School. She also earned a bachelor’s
degree in finance and accounting at the University of Oklahoma. Joshi
is a native of Oklahoma City.
Neelam Deo
Consul General of India, New York
Ms. Neelam Deo is a career diplomat of the Indian
Foreign Service with over three decades in the Indian
Diplomatic Corps. She took over as the Consul
General in the Consulate General of India, New York in October, 2005.
Previously, she was been India’s Ambassador to Denmark and Ivory
Coast, with concurrent accreditation to Sierra Leone, Niger & Guinea.
Prior to her assignment in New York, she was Head of the Bangladesh,
Sri Lanka and Myanmar Division in the Ministry of External Affairs, New
Delhi, dealing with India’s overall relations with these countries. Ms.
22
Deo has also worked in India’s Diplomatic Missions in Washington DC,
Bangkok and Rome.
Zarin Mehta
President and Executive Director
New York Philharmonic
Zarin Mehta, one of the world’s leading arts
administrators, was appointed Executive Director
of the New York Philharmonic in September 2000, and received the
additional title of President in June 2004. Mr. Mehta has continually
sought to enrich and broaden the musical experience of Philharmonic
audiences both in the U.S. and abroad by fostering an active
commissioning program, instituting innovative series of lectures and
discussions, and overseeing major international Orchestra tours. He
has maintained the Philharmonic’s preeminent position in the cultural
life of New York through the Free, Annual Memorial Day Concerts at the
Cathedral Church of St. John the Divine and the New York Philharmonic
Concerts in the Parks, and has made outreach to young people a
priority, continuing the famed Young People’s Concerts, expanding the
Orchestra’s extensive educational activities, which include a School
Partnership Program and School Day Concerts, and introducing a new
series, Very Young People’s Concerts, for children ages 3–5. In addition,
he has expanded the Orchestra’s national radio broadcasts, The New
York Philharmonic This Week, to 52 weeks a year, and added the popular
Summertime Classics series to the Orchestra’s schedule. Also on his
watch the Philharmonic became the first American symphony orchestra
to have a regular presence on European radio, where 10 concerts per
year are broadcast on BBC Radio 3, with further distribution through
the European Broadcasting Union’s Euroradio satellite network. Prior
to his New York Philharmonic appointment, Mr. Mehta was president
and chief executive officer of Chicago’s Ravinia Festival (1990–2000),
where he remains a Lifetime Trustee. Born in Bombay, he qualified
as a chartered accountant in 1962 in England and moved to Canada
to join the firm of Coopers & Lybrand. While a partner there, he joined
the Montreal Symphony Orchestra Board of Directors, and in 1981,
was appointed managing director. He is the son of the late violinist and
Bombay Symphony Orchestra founder, Mehli Mehta, and the brother of
conductor Zubin Mehta, former New York Philharmonic Music Director.
The 12th Annual Wharton India Economic Forum

Sanjay Puri
Chairman
U.S. India Political Action Committee
(USINPAC)
Sanjay Puri is a recognized authority on US-India
relations. Mr. Puri is the Chairman of the US India Political Action
Committee (USINPAC), a national, bipartisan political action committee
representing over 2 million Indian Americans. USINPAC works closely with
Members of the US Congress of both parties, as well as the administration,
to ensure that the community’s concerns are addressed. Mr. Puri is also
the founder and President of the US India Business Alliance (USIBA).
USIBA is dedicated to strengthening economic ties between the US
and India. Mr. Puri regularly leads delegations of business and political
leaders to India. He is a frequent public speaker on US-India relations
and the political impact of the Indian American community. He has been
recently featured in The New York Times, The Washington Times, on
National Public Radio (NPR), the Public Broadcast Service (PBS), CNN
and Nightline. Mr. Puri also has been at the forefront of working with
the US Congress to further the US India Energy Security relationship
and in building strong ties between US and Indian entrepreneurs, policy
makers and technologists in the area of Renewable Energy. He has
extensive expertise in the area of US Government funding for renewable
energy projects world wide through USAID and OPIC. As President of
USIBA, he is hosting the first ever US Congressional India Renewable
Energy Conference to be held on Capitol Hill. Mr. Puri is the Founder
and CEO of Optimos Incorporated, an information technology company
located in Chantilly, Virginia. Before founding Optimos, Mr. Puri worked
at the World Bank. He received his MBA in Finance from the George
Washington University School of Business.
india | imagine
Sponsored By:
Vivek Wadhwa
Fellow, Labor and Worklife Program
Harvard Law School
Executive in Residence/Adjunct Professor
Pratt School of Engineering, Duke University
Vivek Wadhwa is a fellow with the Labor and Worklife Program at Harvard
Law School and executive in residence/adjunct professor at the Pratt
School of Engineering at Duke University. He helps students better prepare
for the real world, lectures in classes and leads groundbreaking research
into globalization and the U.S. competitive advantage. He is also an advisor
to several start-up companies and a regular columnist for BusinessWeek.
com. Wadhwa has long been a pioneer of change and innovation in the
technology industry, and has founded 2 software companies. He started
his career as a software developer and gained a deep understanding of the
challenges in building computer systems. His quest to help solve some of
IT’s most daunting problems began at New York based investment banking
powerhouse CS First Boston, where he was Vice President of Information
Services. There he spearheaded the development of technology for
creating computer systems which was so successful that CSFB decided
to spin off this business unit into its own company, Seer Technologies. As
Executive Vice President and Chief Technology Officer, Wadhwa helped
grow the nascent startup into a $118 million publicly traded company. With
the explosion of the Internet, Wadhwa saw an even greater opportunity to
help businesses adapt to new and fast changing technologies, and started
Relativity Technologies. As a result of his vision, Wadhwa was named a
“Leader of Tomorrow” by Forbes.com. Relativity was named as one of
the 25 “coolest” companies in the world by Fortune Magazine. Wadhwa’s
research at Duke University has focused on the impact of globalization on
the engineering profession, the competitive threat from India and China,
and one of America’s greatest advantages - its skilled immigrants. This
research has received worldwide attention and acclaim. Mr. Wadhwa holds
an MBA from New York University and a B.A. in Computing Studies from the
Canberra University in Australia. He is founding president of the Carolinas
chapter of The IndUS Entrepreneurs (TIE), a non-profit global network
intended to foster entrepreneurship. He has been featured in thousands of
articles in worldwide publications including The Wall Street Journal, Forbes
Magazine, Washington Post, New York Times, U.S. News and World Report
and Science Magazine. He has also made many appearances on U.S. and
international TV stations including CNN, ABC, NBC, CNBC and the BBC.
23
Mergers & Acquisitions

Private Equity Structured Financing

Institutional Broking

MAPE is proud to be a Silver Sponsor of the

Wharton India Economic Forum.

Bangalore, Chennai, Delhi, Mumbai & Philadelphia

www.mapegroup.com
 Panel
Investing in India: The Maturation Process, What’s Next?
The panel will review the explosive growth of PE and capital allocation in the Indian market in recent years. The panel will discuss the slow momentum
in the Indian buyout industry and examine access to quality talent both on the investment and operational ends and debate the most attractive sec-
tors for investment.
Sri Rajan (Moderator)
Partner, Head
Bain & Company’s Private Equity Practice
Sri Rajan is a partner in Bain & Company’s Delhi
office and is the head of Bain’s Private Equity
Practice in India. He is also a part of the firm’s Global Technology,
Media & Telecommunications Practice. His work with private equity
funds includes mergers & acquisitions, due diligence, post-merger
integration, offshore outsourcing, and assessing entrance and exit risks.
Sri is a frequent contributor of articles and interviews to journals and
leading business publications in India, and his insights are often quoted
in the media. Sri earned an MBA from the Wharton School, where he
was a Palmer Scholar. He is also a graduate of the Indian Institute of
Management and has a Bachelor of Science degree.
26
Zubin Dubash
India Region Head
Merrill Lynch Global Private Equity
Mr. Dubash currently heads Merrill Lynch Global
Private Equity’s team in India. Earlier, he was
the CFO of WNS Global Services, a leading BPO company based out
of India. Prior to that he served as the Executive Director and was a
Member on the Board of Directors at the Indian Hotels Company Ltd
(Taj Group of Hotels). Before IHCL, Mr. Dubash was with Tata Sons Ltd.
where he advised the Tata Group companies on their corporate finance
activities including raising finances in the international markets and M&A
opportunities. Mr. Dubash was a key player in the acquisition of Tetley
Tea, one of the largest cross border acquisitions made by an Indian
company. Mr. Dubash is a MBA graduate from The Wharton School.
The 12th Annual Wharton India Economic Forum

Heramb Hajarnavis
Senior Member, Principal Investments Area
Goldman Sachs
Heramb Hajarnavis is a Vice President in the
Merchant Banking Division of Goldman, Sachs
& Co. based in Mumbai, India where he is co-head of the Principal
Investment Area. Heramb’s past experience includes being a member of
the management team of Centennial Communications and an investment
banker with Goldman Sachs. Heramb focuses on transactions in several
sectors including general industrials, consumer products and retail,
communications and media, and business services. Heramb sits on
the Board of Sudhir Gensets Limited and on the Working Board of
the Indian American Council. Heramb holds a B.S. in Economics from
the Massachusetts Institute of Technology and an MBA from Harvard
Business School. Goldman Sachs (www.gs.com) is a global investment
banking, securities and investment management firm. It provides a
wide range of services to a substantial and diversified client base that
includes corporations, institutional investors, governments, non-profit
organizations and individuals. The firm is headquartered in New York
and maintains significant offices in London, Tokyo, Hong Kong, Mumbai
and other financial centers around the world.
india | imagine
Sponsored By:
Ranjit Pandit
Managing Director
General Atlantic Partners LLC
Ranjit Pandit is a Managing Director at General
Atlantic LLC. He is located in General Atlantic’s
Mumbai office, where he focuses on growth investment initiatives in the
India market. Prior to joining General Atlantic in 2007, Mr. Pandit served
as a Managing Director for McKinsey & Company, where he served a
number of major U.S. and other global companies in a variety of areas,
including corporate governance/leadership, change management,
corporate finance, alliances, technology management, manufacturing,
marketing, sales and logistics. Mr. Pandit holds an MBA degree from the
Wharton School at the University of Pennsylvania, and a BE degree in
electrical engineering from VJTI, University of Bombay, India.
27
 Panel
India’s New Mandate: Addressing the Health Care Paradox
This panel aims to assess the policy, economics and the gaps in Healthcare production and delivery in India. Within a broad macroeconomic framework,
panelists will discuss nationwide access to hospitals and doctors, rural health care infrastructure, availability of outpatient care and rehabilitation, and
medical tourism. The panel ultimately endeavors to answer the question of how India’s rapid economic growth can foster improvements in healthcare
both domestically and globally.
Bhavan Sampat (Moderator)
Assistant Professor
Columbia University
Bhaven Sampat, PhD, is an assistant professor
at Columbia University, with appointments in the
Department of Health Policy and Management (at the Mailman School
of Public Health) and the International Center for Health Outcomes and
Innovation Research (in the Department of Surgery, Columbia University
Medical Center), and (by courtesy) in the School of International and
Public Affairs. Dr. Sampat is an economist by training, centrally interested
in issues at the intersection of health policy and innovation policy. His
current projects examine the political economy of the National Institutes
of Health, the roles of the public and private sectors in pharmaceutical
innovation, the effects of patents on access to medicines in developing
countries, and issues related to patent quality. He has also written
extensively on the effects of university patenting and “entrepreneurship”
on academic medicine and technology transfer, and is actively involved
in policy debates related to these issues.
Rajiv Gulati
Chairman and Managing Director
Eli Lilly and Company (India)
Rajiv Gulati has recently moved to company
headquarters in Indianapolis as Director, China-India
Strategy, Corporate Strategy Group. Previously, he had been Chairman
and Managing Director, Eli Lilly and Company (India). Mr. Gulati, a native
of Ambala, India, joined Lilly from Ranbaxy Laboratories in 1992 on
the formation of the companies’ joint venture. Gulati held the position
of General Manager, of Ranbaxy Laboratories Ltd, Pharmaceutical
Division, and is widely recognized in the Industry for some of the most
successful product launches within India. Beginning in 1996, he worked
in assignments at corporate headquarters in Indianapolis in business
development, intercontinental strategy, and human resources before
returning to India in 1999, as CEO. This broad-based knowledge of
both the cross-functional, and cross-cultural aspects of the industry
has served Mr. Gulati well throughout his career. In India, Mr. Gulati
28
has served as Chairman of the Pharmaceutical Council of the Indo
American Chambers of Commerce, Vice President of the Organization
of Pharmaceutical Producers of India, and was on the advisory board of
the National Institute of Pharmaceutical Education and Research, as well
as Narsee Monjee Institute of Management. In 2001, Mr. Gulati received
the “Chairman’s Ovation Award”, one of Lilly’s most prestigious honors.
In March 2002, Mr. Gulati was recognized by receiving the “Top CEO”
award during the 29th “World Marketing Congress” hosted in New Delhi,
and in 2004 was awarded with KC Chatterjee memorial trophy for his
service to the Pharmaceutical profession. In 2005 he was given the Indra
Super Achiever Award. Mr. Gulati holds a Masters degree in Pharmacy
from the Institute of Technology – BHU and an MBA from the Indian
Institute of Management, Ahmedabad.
Dr. Prakash Khubchandani
Founder and Managing Director
KrimsonHealth
A Doctor of Medicine, Dr. Khubchandani is the
founder and Managing Director of the Khubchandani
Group, a group diversified into Real Estate Development, Healthcare,
Hospitality, Education, Retail and Leisure. As a first generation
entrepreneur, he successfully ran a large construction company and
has built over 5 million square feet for various multinational clients and
architects as the Managing Director of HMG Engineering Ltd., HMG
Estates and Housing Ltd. He has successfully developed and marketed
several real estate projects in Mumbai and Bangalore. Several other
projects are currently being implemented along with multi-national
associates like ETA group, UAE., Hiranandanis, Prestige Group, and
Banyan Tree Holdings, Singapore to name a few. Dr. Khubchandani
has entered the Healthcare sector under the brand KrimsonHealth and
is a strong advocate for Health Infrastructure in India. He is currently
developing 2 major hospitals and a med city in Mumbai of which the
ParkwayHealth Khubchandani Hospital is a 600 bedded hospital. This is
being developed in joint venture with Parkway Healthcare Ltd, the largest
healthcare provider in South East Asia. The second, Krimson Oncology
Hospital is a 250 bed cancer hospital being developed with some leading
oncologists in India. The Krimson Health City will house a Hospital, a
The 12th Annual Wharton India Economic Forum

Healthcare Special Economic Zone, a Center for Excellence in Medicine,
a medical mall, serviced apartments, convention center and hotel, in
an area of over 1.5 million square feet. Also under implementation are
several healthcare verticals in the field of aesthetics, diagnostics, and
various specialized branches of medicine.
Suneeta Reddy
Executive Director-Finance
Apollo Hospital Enterprises, Ltd.
Ms. Suneeta Reddy holds the position of Executive
Director-Finance of the Apollo Hospitals Enterprise
Limited (AHEL), one of the leading healthcare organizations in the World
with over 8000 beds across 44 locations. She is also on the Board of
many organizations in the healthcare, hospitality and telecom sectors
and Chairperson for Apollo Sindhoori Capital Investments Limited
which is a Stock Broking & Retail outfit with Rs.800cr. volume per day.
During her 25 year tenure, Ms. Reddy spearheaded many initiatives in
the healthcare, hospitality and is a active member of industry bodies
representing the healthcare sector. She is a widely recognized for her
contribution to the Indian healthcare industry and has held leadership
positions including her current position as the Co-Chairperson of
Healthcare Sub Committee - Confederation of Indian Industries (CII).
She is currently the Chairperson of Aircel Cellular Limited. Ms. Reddy
received her Bachelor of Arts degree in Economics and Marketing. She
holds a diploma in Financial Management from the Institute of Financial
Management and Research, Chennai and has completed the Owner/
President Management Program at Harvard Business School (HBS),
Boston, USA.
india | imagine
Sponsored By:
Ramesh Srinivasan
Partner
McKinsey & Company
Ramesh Srinivasan is a Principal in the New York
Office of McKinsey and Company. Before moving to
New York, Mr. Srinivasan worked in the Firm’s Mumbai office. During his
12 years with the Firm, he has served several pharmaceutical companies
in India and the US. He has served these companies on a wide variety
of topics - including corporate strategy, R&D, business development,
operations improvement, internationalization, offshoring and leadership
development. One of Mr. Srinivasan’s particular areas of emphasis in
recent years has been the topic of globalization – in addition to helping
companies on international expansion and offshoring, he has also helped
push the Firm’s thinking on this topic, particularly in the pharmaceutical
context. Mr. Srinivasan plays an active role in learning and professional
development within the Firm. He is part of the Firm’s Early Tenure
Learning core faculty, and leads learning for the North Eastern Complex.
Mr. Srinivasan is also a trustee on the Board of Akanksha – a leading
educational institution in India. Mr. Srinivasan received an MBA degree
from the Indian Institute of Management, Ahmedabad where he was
awarded a gold medal for academic excellence. He also has a Bachelor
of Technology degree in Computer Science from the Indian Institute of
Technology, Madras
29
 individual viewpoints

[limitless potential]
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intellectual capital

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Join us and go far based on your talent
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Gold Sponsors

Silver Sponsors

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Panel Sponsors

EIGHT CAPITAL

32 The 12th Annual Wharton India Economic Forum

 Supported By

India

Official Media Partner News Distribution Partner

india | imagine 33
 Organizing Committee
Conference Chairs Public Relations
Abhishek Gupta Ani Khatri
Akshay Madhavan Janhvi Maheshwari
Karishma Mehta Swasti Khemani
Vivek Garg Reena Daswani
Akshat Goenka
Panel Directors
Aaradhana Jhunjhunwala Sponsorship
Mohit Bhende Senthil Durairaj
Priya Nevrekar Karthik Raghupathy
Tanya Khubchandani Kihong Bae
Deeksha Gulati Nana Murugesan
Kerun Bindra Shantanu Rastogi
Kumar Shah Rachna Butani
Nana Murugesan Quresh Shakir
Sundar Balu Rohit Chandra
Jay Raghavan Aditya Pasumarty
Saksham Karwal
Naveen Wadhera Operations
Shantanu Rastogi Ayush Chaudhary
Ruchira Shukla Ankita Sancheti
Vaibhav Agrawal Avarna Goenka
Rishabh Parekh Namrita Rai
Raoul Uberoi Advay Jhunjhunwala
Allwin Agnel Rohit Chandra
Apoorv Saxena
Raakhe Kapoor Marketing
Devanshi Jalan Shehnaz Gill
Arveena Ahluwalia Mrinal Todi
Umber Bawa
Technology Viral Saraf
Neel Ketkar Varun Jain
Sudhanshu Aggarwal Aalek Mehta
Harsh Mundhra
Communications Sagar Shah
Vedanta Kumar Sundar Balu

Finance
Keith Tauro

34 The 12th Annual Wharton India Economic Forum

Notes

india | imagine 35
36 The 12th Annual Wharton India Economic Forum
innovative vision

[impressive achievements]
partnership and collaboration

strong leadership

Merrill Lynch is proud to be a

Gold Sponsor of the Wharton India
Economic Forum

When we join forces with another

forward-thinking organization, progress
is inevitable.

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The 12th Annual Wharton India Economic Forum: india | imagine
The Park Hyatt Philadelphia at the Bellevue
Saturday, March 22, 2008
www.whartonindia.org