Indian

CEOs
Submitted to:
Prof. Rohita Dwivedi

Prepared by:
(Group 10)
Amit Bhimani ()
Mital Gajera (21)
Vishal Jain ()
Binitha Nair ()
Himanshu Shah (51)
Malvinder Singh

Birth date: 25th February, 1973

Age: 36

Positions held: Group Chairman of Fortis Healthcare and

Religare enterprises, former chairman of Ranbaxy Laboratories
Ltd.

Hobbies: Photography, travelling, movies

Education
An MBA graduate from the Fuqua School of Business, Duke University, USA (1996-98),
Malvinder has done his under graduate studies in St Stephen’s college BA (Hons) Economics,
(1990-93). Before that Malvinder did his schooling from Doon School. During 1993-94
Malvinder was briefly associated with   American Express Bank in Delhi and Mumbai. In 1994
Malvinder joined Ranbaxy as a management trainee.
In Ranbaxy circles, brothers Malvinder Mohan Singh and Shivinder Mohan Singh are referred to
as MMS and SMS respectively.

Feathers to his cap

 Malvinder is a member of the Young Global Leaders Forum (YGL), an initiative of the
World Economic Forum (WEF).

 He is also a member of the board of visitors at the Fuqua School of Business, Duke
University and serves on the board of the INSEAD Global India Council.
  A member of the Board of Trade, constituted by the Ministry of Commerce & Industry,
Government of India, Malvinder advises the Government on critical Policy issues relating
to the country’s Foreign Trade, with the objective of significantly advancing India’s
exports.

 Malvinder is also a member of the Board of the Indian Council for Research on
International Economic Relations (ICRIER)

1. Malvinder Singh’s contribution to Ranbaxy

Malvinder Singh put Ranbaxy in a position of leadership and consummated over 14 inorganic
deals across geographies in less than two years. He unlocked value in Ranbaxy’s business model
and focused the company on future growth drivers by monetizing large on-going patent
challenges, investing resources in high growth emerging markets and forging strategic research
alliances with global big pharma. Malvinder is credited of have having successfully led the
company through a cultural transformation initiating a series of enterprise wide people centric
initiatives. However in 2008, due to the huge debts that Ranbaxy had it sold 50.1% stake to
Daiichi Sankyo co. with a deal valued at about Rs172 billion. Malvinder Singh remained the
CEO of the company till 2009, after which Mr. Atul Sobit was made the CEO of the company.
Malvinder Singh also said that this was a strategical deal and not a sellout.

Controversies surrounding Ranbaxy during Malvinder’s tenure

In December 2005, Ranbaxy's shares were hit hard by a patent ruling disallowing production of
its own version of Pfizer's cholesterol-cutting drug Lipitor, which has annual sales of more than
Rs 43 billion. In June 2008, Ranbaxy settled the patent dispute with Pfizer allowing them to sell
Atorvastatin Calcium, the generic version of Lipitor (R)and Atorvastatin Calcium-Amylodipine
Besylate, the generic version of Pfizer's Caduet(R) in the US starting November 30, 2011.

2. Malvinder Singh’s contribution to Fortis Health care Ltd:

Under the leadership of Malvinder, Fortis Healthcare acquired Greenfield hospitals division of
Wockhardt comprising 10 hospitals in metro cities of Mumbai, Bangalore and Kolkata
(including two under construction) for Rs 909 crore. With this Fortis put itself in a very strong
hold in the hospital sector and proved to be a major competitor to the Apollo Hospitals.

Escorts Cardiac Hospitals were also acquired in 2005 by Fortis Healthcare and thus establishing
a strong foothold in the Cardiac Hospitals also.

3. Malvinder Singh’s contribution to Religare Finance:

Under the leadership of Malvinder, Religare flourished in the financial services with the
company foraying into the new sectors such as insurance through a joint venture with Aegon life
insurance. Apart from that, Religare Technova was also started which an IT solutions is
providing company. Also Religare acquired Lotus Mutual fund in 2008, to kick start their mutual
fund business.

Personality traits of Mr. Malvinder Singh

 Highly competitive
 Sensible
 Emotionally stable
 Urge to be a market leader in every business
 Foot in the mouth personality
 Casual, approachable
 An MBA graduate from the Fuqua School of Business, Duke University, USA (1996-98),
Malvinder has done his under graduate studies in St Stephen’s college BA (Hons)
Economics, (1990-93). Before that Malvinder did his schooling from Doon School.
During 1993-94 Malvinder was briefly associated with   American Express Bank in Delhi
and Mumbai. In 1994 Malvinder joined Ranbaxy as a management trainee.

Important milestones in Malvinder Singh’s career

 1993: Completes his graduation in Economics from St. Stephen’s college
 1993-94: Worked with   American Express Bank in Delhi and Mumbai.
 1994: Joins Ranbaxy as management trainee

 1998: Completes his MBA from the Fuqua School of Business, Duke University, USA
 1998: Becomes the chairman of the Board of Directors of Ranbaxy
 1998: Ranbaxy enters the U.S. market
 2005: Controversy with Pfizer for their patented drug Lipitor
 2005: Acquisition of Escorts Cardiac by Fortis Healthcare Ltd.
 2008: Ranbaxy sells its 50.1% stake to Japanese Daichii Sankyo; the stake held by
Ranbaxy is further decreased later.
 2008: Acquisition of Lotus Mutual Fund by Religare
 2009: Malvinder Singh quits the post of CEO of Ranbaxy
 2009: Acquisition of Greenfield Hospitals division of Wockhardt Healthcare
Azim Premji

Born: July 24, 1945

Age: 64 years
Position: Chairman of Wipro Technologies

Education: -Schooling: St. Mary's School, Mumbai

-Electrical Engineering from Stanford University, USA

Career and contribution to WIPRO:

He is an icon among Indian businessmen and his success story is a source of inspiration to a
number of budding entrepreneurs.

Azim Hashim Premji was studying Electrical Engineering from Stanford University, USA when
due to the sudden demise of his father, he was called upon to handle the family business. His
father M. H. Premji owned the Western India Vegetable Product Company (which later became
Wipro Ltd.) which made hydrogenated vegetable oils and fats. Azim Premji took over the reins
of family business in 1966 at the age of 21.

At the first annual general meeting of the company attended by Azeem Premji, a shareholder
doubted Premji's ability to handle business at such a young age and publicly advised him to sell
his shareholding and give it to a more mature management. This spurred Azim Premji and made
him all the more determined to make Wipro a success story. And the rest is history.
When Azim Premji occupied the hot seat, Wipro dealt in hydrogenated cooking fats and later
diversified to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries,
lighting products and hydraulic cylinders. Thereafter Premji made a focused shift from soaps to
software.

Under Azim Premji's leadership Wipro grew from a company of US $1.5 million to a giant of
$1.4 billion in hydrogenated cooking fats to a pioneer in providing integrated business,
technology and process solutions on a global delivery platform. Today, Wipro Technologies is
the largest independent R&D service provider in the world and is one of India's largest software
companies and is ranked among the top 100 technology companies globally. His assets include
74% of Wipro, the remaining 26 percent belonging to the cofounder of Wipro.

 1966 –Joined Western India Vegetable Product Company

 1968- Chief Executive Officer and Managing Director of Wipro Ltd.
The Company began manufacturing light bulbs with General Electric and other consumer
products including soaps, baby care products, shampoos, powder etc.
 1975- Wipro Fluid Power business unit manufacturing hydraulic cylinders and truck
tippers was started
 1980s- Wipro entered the IT field, taking advantage of the expulsion of IBM from the
Indian market in 1975. The company’s IT division became the world’s first to win SEI
CMM level 5 and PCMM Level 5 (People Capability Maturity Model) certification, the
latest in quality standards.

 2001- Premji established Azim Premji Foundation, a not-for-profit organization with a

vision of influencing the lives of millions of children in India by facilitating the
universalisation of elementary education.

Major Achievements:
  Premji has been recognized by Business Week as one of the Greatest Entrepreneurs of
All Time for his vision and leadership that has been responsible for Wipro emerging as
one of the world’s fastest growing companies.

 He was also declared the Businessman of the Year 2000 by Business India

 In 2000, Asiaweek magazine, voted Premji among the 20 most powerful men in the
world.
 In 2000, he was conferred an honorary doctorate by the Manipal Academy of Higher
Education.

 From 2001 to 2003, Forbes listed Azim Premji among the 50 richest people in the world.
 from 1999 to 2005, according to Forbes he was the richest person in the country.
 In 2003, BBC regarded him as an Indian Bill Gates.
 In April 2004, Times Magazine, rated him among the 100 most influential people in the
world.
 In 2005, he was honoured by the Government of India with a Padma Bhushan, the third-
highest civilian award in India.

 He is featured in the Business Weeks all-time top 30 entrepreneurs of the world in 2007.

 He is a member of the Prime Minister's Advisory Committee for Information Technology

in India.

 As on October 6, 2007, he was the 5th richest Indian, with a net worth of $13.6 billion.

 He was awarded a Doctor of Letters (D.Litt.), an honorary degree , from the Aligarh
Muslim University on the 18th of June, 2008 on the occasion of 58th Convocation
Ceremony of the University.

 In 2009, he was awarded an honorary doctorate from Wesleyan University in

Middletown, Connecticut for his outstanding philanthropic work.

Feathers in his cap

This person is connected to 29 board members in 4 different organizations across 4 different
industries.
 Chairman of the Board, Chief Executive Officer and Managing Director of Wipro Ltd.
 Chairman of the Board of Wipro Infrastructure Engineering Limited.
 He serves as a Director of Media Lab Asia, Wipro Ltd. and Wipro Infrastructure
Engineering Limited.
 June 28, 2006- Director of the Central Board of Reserve Bank of India.

Personality traits of Mr. Azim Premjee

 Determined
 Visionary
 Doesn’t believe in bribing to get things done
 Ethical
 Associates quality with integrity
 Absolute workaholic
 Believes that work is the only way to success and survival in a competitive environment
 Anil Dhirubhai Ambani

"I think you have to work with people, and when I talk about managing relationships,
don't think the derogatory ''managed relationships''. It is a question of sharing emotion
and feelings. The common denominator of everything can't be money, and it should not be
money"

Birth date: 9th June 1959

Age: - 51

Education: - Bachelors in Science from the University of Bombay and Masters in

Business Administration The Wharton School at the University of
 Pennsylvania. 

Occupation: - Chairman, Anil Dhirubhai Ambani Group

“Anil Dhirubhai Ambani is world third richest person in india with ($ 42

billion) after Lakshmi Mittal ($45 billion), Mukesh ($43 billion)”

Career:

Anil Ambani joined Reliance in 1983 as Co-Chief Executive Officer and is credited with having
pioneered many financial innovations in the Indian capital markets.

After the split in Reliance Group, Anil Ambani founded Anil Dhirubhai Ambani Group. He is
the Chairman of all listed Group companies, which include: Reliance Communications, Reliance
Capital, Reliance Energy and Reliance Natural Resources Limited. 

Anil Ambai was elected as an independent member Rajya Sabha MP in June 2004. But he
resigned voluntarily on March 25, 2006.
He has been linked with several starlets in his long career including his wife of more than 15
years. He is a close friend of movie star Amitabh Bachchan and Subrata Roy.One of his major
achievements in the entertainment industry is the takeover of Adlabs, the movie production to
distribution to multiplex company that owns India's only dome theatre and the recently
announced joint venture worth US$ 825 million with Steven Spielberg. He has taken part in the
Mumbai Marathon race. Ambani is also a fan of Coca-Cola Championship club, Newcastle
United.

Investor’s wealth

The total investors' wealth in the four Anil Ambani Group firms -- Reliance Communications
(RCOM), Reliance Capital (RCL), Reliance Energy (REL) and Reliance Natural Resources Ltd
(RNRL) has reached 1,42,384 crore rupees, while total promoter holding is estimated at about Rs
87,000 crore. Anil's wealth comes mostly from his over 65 per cent stake in RCOM, which has
a market cap of about Rs 1,03,000 crore. He also has over 50 per cent in RCL (market cap of Rs
24,000 crore), 35 per cent in REL (market cap of Rs 12,700 crore) and close to 54 per cent in
RNRL, which has a market cap of about Rs 2,600 crore.

Awards and Recognition

 Voted the 3rd most powerful person in India in the 2009 India Today Power List, in
March.
 Voted Businessman of the Year 2006 by Times of India
 Adjudged as the CEO of the Year at the prestigious Platts Global Energy Awards for
2004.
 Voted as 'MTV Youth Icon of the Year for 2003' in September 2003.
 Conferred 'The Entrepreneur of the Decade Award' by the Bombay Management
Association, October 2002.
 Awarded the First Wharton Indian Alumni Award by the Wharton India Economic
Forum .
 ‘Businessman of the Year 1997' award by India's leading business magazine Business
India, December 1997.

Feathers to his cap

 Anil was the member of Uttar Pradesh Development Council (This council has now been
scrapped)
 He is also the Chairman of Board of Governors of DA-IICT, Gandhinagar.
 A member of the Board of Governors of the Indian Institute of Technology, Kanpur.
 He is member of the Board of Governors, Indian Institute of Management, Ahmedabad.
 He is also a member of the Central Advisory Committee, Central Electricity Regulatory
Commission.
 In June 2004, Anil was elected as an Independent Member of the Rajya Sabha. In March
2006, he resigned.
Travel
He has a Bell 412 13-seat helicopter, which he purchased in 2001

Shankar Anna Swami

Age: - 52

Positions held: - Currently Managing Director of

IBM India Private Limited and Regional General
Manager of IBM in India/South Asia.

Former President and Chief Executive Officer for

GE Medical Systems, South Asia and Managing
Director, Wipro-GE Medical Systems.
Held the position of Adviser with the Ministry of Health, Sultanate of Oman.

Began his career with Philips Medical Systems.

Hobbies: - Tennis, badminton, listening to Carnatic music.

Education

 Bachelor of Engineering (B.E) in Electronics and communication from Madras

University and a Diploma in Business Management Education from the All India
Management Association, New Delhi.
 He did schooling from Raja Muthaya High School, Chennai.
 He also picked up a management degree from the Institute of Management Sciences at
Loyala College in Chennai.

Feathers on his cap:-

 Under Mr. Annaswamy’s leadership, IBM in India/South Asia has earned appreciation
from a wide variety of government and industry bodies for its progressive employment
practices and market leadership.
 In 2009, Business Week listed Mr. Annaswamy among India’s 50 Most Powerful People.
 The 2008 National Award for the “Best Employer of People with Disabilities” from the
Vice President of India.
 In 2007, IBM India received recognition as the overall best company from the Indo
American Chamber of Commerce.
 Mr. Annaswamy was an elected member of Nasscom's Executive Council from 2004-
2008.
 He currently serves as the Chair of the Confederation of Indian Industry’s (CII) National
Committee on Intellectual Property Owners, a role he has held since 2007.
Shankar’s contribution to the Corporate Universe

Annaswamy, a veteran in the medical electronics business for 27 years having donned executive
roles at Philips and Wipro-GE, was confident about doing well in his new role. A strong believer
in cross-functional responsibilities, he had received kudos while at Wipro-GE from no less than
GE chairman Jeffrey Immelt.

He joined Philips’s medical technologies division in Mumbai as a techno-commercial engineer.

He was posted in various cities across India and rose up the ranks in Philips. In the mid-80s
managed to convince the higher-ups at the company to start manufacturing of medical equipment
in India. His success in bringing manufacturing to India led to a lot of visibility in the
organization. He was promoted to the position of all India Business Managers. At the time,
Philips also decided to shift its headquarters from Madras to Mumbai. This posed a personal
problem since a shift to Mumbai would mean that his wife would have to discontinue her PhD in
Genetics.

So in 1990, he decided to join Wipro-GE in Bangalore as project manager to produce CT-

scanners locally with Japanese collaboration. He reached a decision to manufacture entry-level
high volume ultra sound equipment in India.

As much as he is committed to his job, Annaswamy is also a devoted family man. When his wife
gave birth to a baby boy in 1993, he decided to take a break from the corporate world. An
interesting opportunity came in the form of an advisor role to the Ministry of Health in
Oman. He moved to Muscat in 1994 along with his family.

Three years later, he felt the need for a challenge and decided to re-enter the corporate world.
Wipro-GE had a job opportunity for him-heading manufacturing operations in India. He
plunged into a learning mode and equipped himself with knowledge of manufacturing,
operations, quality and materials. He did this role for one and a half years and then became VP,
sales, at the company. 
In 2000, Annaswamy’s performance caught the attention of GE Medical chief Jeff Immelt who
wanted him in a much bigger role in Tokyo as the director and GM of the CT scanner business.
Annaswamy cherishes this work experience in Tokyo where he immersed himself in learning
quality and six sigma processes. In 2002, Wipro-GE was on the look out for a person who could
head the company operations in India. Annaswamy fit the bill and he shifted back to Bangalore
along with his family.

Then came the downturn of IBM. Being the boss Shankar had a hard time managing activities.
He took tough decisions on pricing, cleaning up bad deals and sending out non-performers. He
held the team together and gave them the confidence about the future ahead. By 2004, the
company had turned around. He and his team earned kudos from both Wipro and GE. 

In mid-2004, Annaswamy received a call from an IBM headhunter. Usually one to brush aside
such calls, he took the call since he was in a “relaxed state”. After extensive meetings and
interviews, IBM decided to hire him. Annaswamy is the first Indian national and the only non-
IBMer so far to head the company. His predecessor Abraham Thomas was of Indian origin but a
Singapore national. 

After taking the reins of IBM India Big Blue’s story became bigger than before. The employee
strength of IBM in the country has almost doubled from 23,800 in 2004 to 43,000 at present. The
domestic business in the country is galloping at a steady 55 per cent year-on-year growth. At that
IBM chief Sam Palmisano announced a whopper of an investment-$6 billion in India in June this
year.

Personality Traits

 Hardworking.
 Passionate about work.
 Believes in working in the company having Integrity and values as base of the firm.
 Co-coordinative and Collaborative work.
 Accomplished Speaker.
 Believes that Learning is a Process
CAREER GRAPH:-

 Annaswamy is a product of Raja Muthaya High School in Chennai

 1978 - He passed his engineering in medical electronics from Guindy engineering College, Tamil
Nadu .
 He soon joined Philips Medical Technologies division as a techno-commercial engineer. He was
posted in various cities in India and rose up the ranks in Philips. He was promoted to the
position of All India Business Managers.
 In 1990, Annaswamy unwillingly quit Philips.
 1990 Joined Wipro-GE in Bangalore as project manager to produce CT-scanners locally with
Japanese collaboration. 
 1993, he decided to take a break from the corporate world.
 1994 - He took up a job as advisor to the government of Oman
 1997 - He felt the need for a challenge and decided to re-enter the corporate world. Joined
Wipro after such a long gap.
 In 2000, Annaswamy’s performance caught the attention of GE Medical chief Jeff Immelt who
wanted him in a much bigger role in Tokyo as the director and GM of the CT scanner business.
 In 2002, Wipro-GE was on the look out for a person who could head the company operations in
India. Annaswamy fit the bill and he shifted back to Bangalore along with his family
 2003 - He joins IBM from GE Medical Systems (GEMS) where he served as president and chief
executive officer for GEMS South Asia and managing director Wipro-GEMS.
 2004 - Appointed as Managing Director of IBM India