Hitesh Panchasara

Mr. Hitesh Panchasara (Born and raised in Mumbai) has a constant pursuit of a visionary aesthetic that encompasses all fields of design. He believes that once the trust of a client and the concept of a project is discussed, all else is resolved and everything else ideally falls in place. Despite his notable accomplishments he is driven to constantly reinvent the work the firm delivers.

His Company

His company Prabhu Interiors Pvt. Ltd.was initially founded by Mr. Prabhudas Panchasara and later taken over by Mr. Hitesh Panchasara along with his brothers with more than 25 years of experience in the interior/building industry.

He is specialized in COMMERCIAL, HOSPITALITY AND RESIDENTIAL CIVIL & INTERIORS, GENERAL CONTRACTING, DESIGN, AND BUILD.His central concerns involve a simultaneous engagement in practice and research. A voracious reader and an engineer with a keen eye for detail, Mr. Hitesh Panchasara had always wanted to create a firm of repute, known for the range and quality of their work. Hitesh, along with his team, has led Prabhu Interiors Pvt. Ltd. to become one of the country’s leading turnkey interior solution provider.

They have managed multiple corporate interior projects of varying sizes. In the ever-evolving world of business, workplaces and commercial spaces need to constantly evolve.  Ideas, solutions, products, techniques and execution need to merge seamlessly to provide the best in elegance-in-class environments that showcase style and elegance and nurture productivity, comfort, and engagement.

Family Life

Mr. Hitesh Panchasara lives in Mumbai with his wife Mrs. Dhvani Panchasara and two sons.

 

Awards and Recognitions

  • The Best Commercial Project of the Year – Time to leap Award
  • The best Luxury Interior Design of the Year
  • The Best Residential Interior of the Year
  • India’s Most Prominent Architect and Design

 

Hobbies

His hobbies are Reading, Travelling and Experiencing different verticals.

 

Long Term goal

His long-term goal or mission is to engage individuals bring and upgrade their skills by going a problem which will help individuals to get, find and develop their range of skills and ecosystems.   

Niraj Mittal

Mr. Niraj Mittal ( Born in Rourkela, Odisha ) is an Indian business executive and current Director of  Trendy Traders.  He has a Bachelor of Business Administration (Finance). Mr. Niraj Mittal Have been awarded as “Top 500 Quality leader award 2020” by India5000 for immense contribution in the field of education and finance.

Career

Mr. Niraj Mittal  has more than 6 years of experience in Stock Market investment and trading.Three  years of experience in Business Development and Digital Marketing and three years of experience of establishing companies and running startups.

Trendy Traders is a valuable ed-tech company and India’s most loved stock market institute which offers highly adaptive, engaging, and effective learning programs for everyone around the world. Trendy Trader’s aim is to make people understand what stock market really is.They wanna help people to earn their living by hard work, they wanna makepeople a successful trader or investor. They have been conducting seminar and workshops in different colleges and corporates to provide the knowledge to the people.

Awards and Recognitions

“Top 500 Quality leader award 2020” by India5000

Most Admired Global Indians 2020” by Passion Vista Magazine

 

Family Life

 He Lives happily in Bangaluru.

Hobbies

His hobbies are Reading, travelling, writing and music.

Long Term Goal

His long term goal is to create a global virtual university for all professional courses which will benefit students to learn skills professionally which they can’t learn in school or college.

 

Sailesh Nair

Sailesh Nair born in PuneMaharashtra. He Earned his B.E. (Mechanical) degree then Worked in the Mechanical Industry, Followed by IT and then Advertising before starting up Esclare which has completed 5 years.

 

His Company

Esclare began with promoting Indian Technologies and Solutions for the Waste and Water Industry. Having tied up with some of the most renowned scientists and technologists of the country, Esclare has been promoting the most advanced technologies to help solve problems in Industries as well as Corporations.

Sailesh Nair has been spearheading Esclare since inception and has been working relentlessly along with a highly motivated team, to get Esclare to become one of the most renowned names in the Industry for offering Innovative Solutions.Esclare has constantly focused on providing cutting edge technology with exceptional quality and customer service. The company has a prime focus on Quality Management and has had the privilege to work with some of the top companies of the country.

Within a span of 5 years, Esclare has been successful in implementing projects and delivering world class solutions to it’s customers.

Awards and Recognitions

  • Indian Achievers’ Award for Emerging Company
  • INDIA 500 QUALITY LEADER Award
  • Business Connect Company in Focus 2020
  • Icon India Business Award for Innovation Driven Company
  • Featured in Business Connect Magazine, Hatke Story, Victory Tales, Tribal Box,

Hobbies

Playing musical instruments, photography.

 Long Term Goal

to establish successful ventures in multiple domains.

Dr. Pareshkumar C. Dave

Dr. Pareshkumar C. Dave has a Doctorate degree in Chemistry, a repeat entrepreneur and currently running his company, IP Moment Services since 2016.

Early life

Dr. Pareshkumar C. Dave Earned a Doctorate degree in Chemistry from Central Salt & Marine Chemical Research Institute. He completed Post graduate diploma in Intellectual Property Rights from NALSAR University of Law. He married to Dr. Sunita Rani and they have a Daughter Lamha. He resides in New Delhi.

Career

Dr. Pareshkumar C. Dave have been working since 1995 including 11 years of research experience and 15 years in the field of Intellectual property rights. He worked as postdoctoral fellow at three different labs, Department of Chemical Physics, Weizmann Institute of Science (Rehovot, Israel), Department of Chemistry, Miami University (Ohio, USA), and Department of Chemistry, University of British Columbia (Vancouver, Canada). 

He also worked as client relation manager with SciTech Patent Art, Hyderabad from 2006 to 2008. He  worked with CPA Global as a Manager from 2008 till 2016.

Dr. Pareshkumar C.  founded  his  company, IP Moment Services in 2016. IP Moment Services is a start-up firm that specializes in consultation and outsourcing and provides end-to-end intellectual property services for building a viable and profitable business course. With a team of qualified IP experts with various technical backgrounds, IP Moment’s competence is rapidly growing across the global map.. IP Moment has gained popularity amongst the young innovators and also in research faculties of academia by providing intellectual property right consultancy. IP Moment experts are communicating very transparently and explaining their clients in a very simplistic language. IP Moment has collaborated with a number of organizations, such as QRACE, Operant Pharmacy Federation, ISERD, IFERP, ISPE, and The Abhyas of Hindu College, to spread IPR awareness in society. Dr. Pareshkumar C. Dave is a Registered Indian Patent Agent. He has filed and drafted 700+ patent applications and 50+ design applications.

 

Awards and Recognitions

 

  • Project Assistant fellowship from the Department of Science & Technology, Government of India, for conducting the Ph. D. research.
  • Council of Scientific and Industrial Research (CSIR) has awarded Senior Research Fellowship from 1998 to 2000.
  • Postdoctoral award from American Heart Association, USA from 2001 to 2004.
  • He had published 19 research articles in internationally reputed journals such as J. Am. Chem. Soc., Biochemistry, Langmuir, Biophys. J. etc.
  • He also invented Smart Solar Tiles and have filed three patent applications for the IPR protection.
  • “Most 20 Promising Patent and Trademark Law Firms” by SiliconIndia Magazine in 2018.
  • “Most 20 Promising Patent and Trademark Law Firms” by SiliconIndia Magazine in 2019 (in second consecutive year too).
  • Best IPR Service Provider from Swarna Bharat Parivaar, Uttar Pradesh in 2019.
  • Book entitled, “Intellectual Property Rights Enforcement State of Affairs Globally” published in 2019.
  • “IPR LEADERSHIP AWARD” received from Special Talks, NitiAayog Darpan organization in 2020.
  • Book entitled, “Unconventional Career Choices” published in 2020.
  • In 2020, delivered 50+ online seminars through which trained 10000+ participants in the IPR field.
  • Also co-ordinated and provided two online courses on intellectual property rights.
  • India 5000 have recognized the contribution and awarded “India 500 Best Leadership Award” in 2020.
  • Also writing articles in the newspapers for creating IPR awareness.
  • Membership of IFERP, World IP Forum, Global IP Convention, and INTA
  • Nominated for “India 500 Most Promising Intellectual Property Leader 2021” of India 5000 Awards

 

Yusuf Hamied

Yusuf Khwaja Hamied (born 25 July 1936) is a Polish-born-Indian scientist, billionaire businessman, the chairman of Cipla, a generic pharmaceuticals company founded by his father Khwaja Abdul Hamied in 1935. He is also an elected fellow of the Indian National Science Academy.

Early life

Hamied was born in Vilnius, Lithuania, and raised in Bombay (now Mumbai). His Indian Muslim father and Russophone Lithuanian Jewish mother, Luba Derczanska met in pre-war Berlin, where they were university students. Hamied was educated at the Cathedral and John Connon School and St. Xavier’s College, Mumbai. He went to England in 1954, and earned a BA in chemistry in 1957, followed by a PhD, from Christ’s College, Cambridge. He uses his chemistry notebooks from Cambridge when he develops new syntheses of drugs.

Career

Hamied is best known outside India for defying large Western pharmaceutical companies in order to provide generic AIDS drugs and treatments for other ailments primarily affecting people in poor countries. Hamied has led efforts to eradicate AIDS in the developing world and to give patients life-saving medicines regardless of their ability to pay, and has been characterized as a modern-day Robin Hood figure as a result.

Hamied stated, “I don’t want to make money off these diseases which cause the whole fabric of society to crumble”.

In September 2011, in a piece about how he was trying to radically lower costs of biotech drugs for cancer, diabetes and other noncommunicable diseasesThe New York Times wrote of Hamied:

Dr. Yusuf K. Hamied, chairman of the Indian drug giant Cipla Ltd., electrified the global health community a decade ago when he said he could produce cocktails of AIDS medicines for $1 per day — a fraction of the price charged by branded pharmaceutical companies. That price has since fallen to 20 cents per day, and more than six million people in the developing world now receive treatment, up from little more than 2,000 in 2001.

Hamied has also been influential in pioneering development of multi-drug combination pills (also known as fixed-dose combinations, or FDCs), notably for HIV/AIDStuberculosis (TB), asthma and other ailments chiefly affecting developing countries, as well as development of pediatric formulations of drugs, especially those benefiting children in poor settings. These innovations have greatly expanded access to medicine and increased drug safety by ensuring proper dosages are taken. He is also highly regarded for his role in expanding the production of bulk drugs and “active pharmaceutical ingredients” (APIs, the active chemical components in medicines) in India.

Hamied has been a major benefactor to Cambridge. In 2009 the Yusuf Hamied Centre was opened at Christ’s College. The centre features a bronze portrait bust of Hamied by fellow Christ’s College alumnus, Anthony Smith. The college also has a Todd-Hamied Fellow in chemistry, a post held by Professor Chris Abell, FRS, from 1986 until his death in October 2020.

In 2018 he made a donation to the chemistry department at Cambridge to support the 1702 Chair of Chemistry, the oldest professorship in the subject there, which has been renamed after him as the Yusuf Hamied 1702 Chair. There is also a Hamied Laboratory for Chemical Synthesis & Catalysis in the department, as well as a Todd-Hamied Seminar Room and Todd-Hamied Laboratory, the last two (and the Christ’s fellowship) being a tribute also to Alexander, Lord ToddNobel laureate in chemistry, whom Hamied described as ‘my mentor and guide over the years’ since he completed his Ph.D. at Christ’s College with Todd. Todd himself was 1702 Professor from 1944 to 1971, as well as Master of Christ’s. In 2020 it was announced that Hamied had made a substantial donation to Cambridge University’s Chemistry Department. This donation led to the foundation of the Hamied Scholars Programme, and the department has subsequently been renamed the Yusuf Hamied Department of Chemistry until 2050.

Hamied has been the subject of in-depth profiles in The New York TimesTime magazine, The GuardianLe MondeThe Economist, the Financial TimesThe Times (London)Corriere della SeraDer SpiegelWired and numerous other leading publications, as well as on television outlets such as ABC News, the BBCCNN and CBS‘ 60 Minutes.

In February 2013, Hamied announced his retirement plans from Cipla after remaining managing director of the company for 52 years. That year, Forbes magazine included him in its list of richest Indians.

Awards and recognition

He was awarded the Padma Bhushan, India’s third highest civilian honour by Government of India in 2005.

Hamied was awarded the ‘CNN-IBN Indian of the Year‘ in the category of business by CNN-IBN in 2012 “for taking on multinational pharma companies and making some of the essential drugs more affordable to the masses in the developing countries.” In late 2013, he was also named one of the India’s “25 Greatest Global Living Legends” by news broadcaster NDTV. He was also recently interviewed for the Creating Emerging Markets project at the Harvard Business School, discussing at length his strategies to provide AIDS treatments and other drugs to help treat poor people in the developing world.

Media

Hamied’s role in the battle for mass antiretroviral treatment in Africa is portrayed in the documentary Fire in the Blood (2013 film). In its review of the film, India Today noted that “the story of Yusuf Hamied will make every Indian proud as he was the only man who decided to walk against the tide and sell drugs to save lives without focusing on profits.”

Personal life

Hamied is married to Farida and they have no children. They live in London and Mumbai.

His younger brother, M. K. Hamied, is Cipla’s non-executive vice-chairman. The latter has three children, including Samina Vaziralli, who is expected to take over leadership of Cipla in the future.

In January 2016, Forbes estimated Hamied’s net worth at US$1.45 billion.

 

Vinod Khosla

Vinod Khosla (born 28 January 1955) is an Indian American billionaire businessman and venture capitalist. He is a co-founder of Sun Microsystems and the founder of Khosla Ventures. In 2014, Forbes counted him among the 400 richest people in the United States. In 2020, he was listed No. 353 on the Forbes 400 list.

Early life and education

Khosla’s father was an officer in the Indian Army and was posted at New Delhi, India. He attended Mount St Mary’s School. Khosla read about the founding of Intel in Electronic Engineering Times as a teenager, and this inspired him to pursue technology as a career.[4] He did a BTech in electrical engineering from IIT Delhi, a master’s in biomedical engineering from Carnegie Mellon University, and MBA from Stanford Graduate School of Business.

 

Career

After completing his MBA at Stanford in 1980, Khosla worked for electronic design automation start-up Daisy Systems (founded January 1981).

In 1982, Khosla co-founded Sun Microsystems (SUN is the acronym for the Stanford University Network), along with Stanford classmates Scott McNealyAndy Bechtolsheim, and UC Berkeley computer science graduate student Bill Joy. Khosla served as the first chairman and CEO from 1982 to 1984, when he left the company to become a venture capitalist.

In 1986, Khosla joined the venture capital firm Kleiner Perkins as a general partner. At Kleiner, Khosla became a recognized venture capitalist, with several successful early-stage investments. Khosla also played a key role with several of the tech industry’s most spectacular failures, including Asera, Dynabook, BroadBand Office, Excite@Home, and many others.

He also invested in an Indian microfinance company, SKS Microfinance, which lends small loans to poor women in rural India. Khosla is also one of the founders of TiE, The Indus Entrepreneurs, and has guest-edited a special issue of The Economic Times, a business newspaper in India.

In 2004, he founded Khosla Ventures. Khosla was featured on Dateline NBC in May 2006, where he discussed the practicality of ethanol as a gasoline substitute. He is known to have invested heavily in ethanol companies in hopes of widespread adoption.

Khosla was a major proponent of the “Yes on 87” campaign to pass California’s Proposition 87, The Clean Energy Initiative, which failed to pass in November 2006.

In 2006, Khosla’s wife Neeru co-founded the CK-12 Foundation, which aims to develop open-source textbooks and lower the cost of education in America and the rest of the world. Khosla and his wife are also donors to the Wikimedia Foundation, in the amount of $600,000.

In 2020, he was listed No. 353 on the Forbes 400 list of the richest people in America.

Khosla Ventures

Khosla formed his own venture capital firm, Khosla Ventures, in 2004. The firm is based in Menlo Park, California, and manages approximately $1 billion of investor capital as well as investments funded by Khosla himself.

In September 2009, Khosla completed fundraising for two new funds to invest in cleantech and information technology start-ups. Khosla Ventures III secured $750 million of investor commitments to invest in traditional early-stage and growth-stage companies. Khosla also raised $250 million for Khosla Seed, which will invest in higher-risk opportunities.

In May 2010, it was announced that former British Prime Minister Tony Blair was to join Khosla Ventures to provide strategic advice regarding investments in technologies focused on the environment  Khosla Ventures also invested in HackerRank.

Other accomplishments and affiliations

Khosla has founded a number of other businesses and organizations, and was involved with the founding of Daisy Systems in 1981.

Khosla served as the honorary chair of the DonorsChoose San Francisco Bay Area advisory board. In 2000, Khosla was a recipient of the Golden Plate Award of the American Academy of Achievement. In 2007, Khosla was an award recipient in the Northern California region for the EY Entrepreneur of the Year award. Khosla is a member of the board of trustees of the Blum Center for Developing Economies at the University of California, Berkeley. The center is focused on finding solutions to address the crisis of extreme poverty and disease in the developing world. He is an advisor for HackerRank, a website for competitive coding. Khosla is a member of the Xconomists, an ad hoc team of editorial advisors for the tech news and media company, Xconomy.

Khosla endorsed Democratic candidate Hillary Clinton in the 2016 U.S. presidential election.

 

Personal life

He is married to Neeru Khosla, his “childhood girlfriend”. They have four children.

Vikram Pandit

Vikram Shankar Pandit (born 14 January 1957) is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Orogen Group.

Pandit has been honoured with the Padma Bhushan, the third highest Indian civilian award, for his contributions to the trade and industry in 2008 by the Government of India.

 

Early life and education

Vikram Pandit was born in Dhantoli locality of NagpurMaharashtra, India, to an affluent Marathi family. His father, Shankar B. Pandit, was an executive director at Sarabhai Chemicals in Baroda.

Pandit studied at Bishop Cotton School in Nagpur, and then completed his schooling at the Dadar Parsee Youths Assembly High School in DadarMumbai. When Pandit was 16 years old, he moved to the United States to attend Columbia University for his undergraduate program and, in 1976, earned his B.S. degree in electrical engineering in only three years. He then completed his M.S. in electrical engineering in 1977. Pandit subsequently turned to economics and finance and earned an MBA and PhD in finance from Columbia Business School in 1986, after publishing a thesis involving a complex financial puzzle, titled “Asset prices in a heterogeneous consumer economy.”

Professional career

Early career and Morgan Stanley (1983–2005)

During his early professional years, he taught economics at Columbia, then had a stint as a professor at Brock University in St. Catharines, Canada.

He joined Morgan Stanley as an associate in 1983, one of the first Indians to join the company. In 1990, Vikram Pandit was chosen as the managing director and head of the US Equity Syndicate unit of Morgan Stanley and by 1994, he had risen to become managing director (MD) and head of its worldwide Institutional securities division.

He was instrumental in building Morgan Stanley’s electronic trading platform and prime brokerage division and in 2000, ultimately rose to the post of president and chief operating officer of its worldwide operations of the Institutional securities and Investment banking businesses.

In 2005, after more than two decades with Morgan Stanley, Vikram Pandit decided to leave the firm along with John Havens after being passed over by Philip J. Purcell.

Post Morgan Stanley and joining Citigroup (2006 – 2012)

In March 2006, Pandit and John Havens, along with Guru Ramakrishnan (former global head of trading, technology and new products in the equities group at Morgan Stanley), started the hedge fund Old Lane LLC. Citi bought the company in 2007 for $800 million, bringing both Pandit and Havens into Citi leadership. Citi named Pandit chairman and CEO of Citi Alternative Investments (CAI) unit and he later led Citi’s Institutional Clients Group.

On 11 December 2007, Pandit was named the new CEO of Citigroup, replacing interim-CEO Sir Winfried Bischoff. Pandit was strongly supported by then interim chairman of Citigroup Robert Rubin, the effective successor to Chuck Prince. Prince had resigned as chairman and CEO of Citigroup in November 2007, due to unexpectedly poor third-quarter performance, mainly due to CDO– and MBS-related losses.

On 11 February 2009, Pandit testified to Congress that he had declared to his board of directors, “My salary should be $1 per year with no bonus until we return to profitability.” also struck an apologetic tone for letting the bank consider completing the purchase of a private jet plane after receiving some $45 billion in Troubled Asset Relief Program (TARP) funds. His total 2009 compensation was $128,751, with a base salary of $125,001 and other compensation of $3,750.

In January 2011, after working for two years for a salary of $1 a year, his annual base was raised to $1.75 million for the progress Citi made under Vikram’s leadership. After posting five consecutive quarterly profits, Citigroup in May 2011, announced $23.2m retention award to Pandit making him one of the highest paid CEOs. In April 2012, shareholders voted against increasing his pay to $15 million. About 55% of the votes cast were against the compensation package.

His co-chairing of Davos 2012 was criticized, with Mike Mayo, an analyst with Crédit Agricole in New York remarking: “What kind of signal does that send, that the bank that was the worst-performing in our country over the last decade and whose stock price is still down significantly since he took over, is the ambassador for our financial industry?” At Davos 2012, Pandit said that Citigroup was going “back to the basics of banking” in response to public anger about the financial crisis, and argued that, “The single biggest issue facing us is the question of jobs,” giving an estimate of 400 million jobs in the next 10 years.

Resignation

On 16 October 2012, Pandit unexpectedly resigned as Citigroup CEO. Michael Corbat, previously Citigroup’s CEO of Europe, Middle East, and Africa, was named as his replacement. While Pandit and the company maintain that he resigned, Bloomberg News cited anonymous board sources indicating that Pandit was forced out by the board after eroding investor confidence and damaging company relations with regulators over an extended period. The New York Times later identified Chairman Michael E. O’Neill as the driving force behind a months-long secret effort to oust Pandit, which culminated in a surprise ultimatum to Pandit stating that he must resign immediately, resign at the end of the year, or be fired. His resignation followed multiple payouts to investors during ongoing fraud allegations.

Compensation

While CEO of Citigroup in 2007, Vikram S. Pandit earned an annualized compensation of $3,164,320, which included a base salary of $250,000, stocks granted of $2,914,320, and options granted of $0. In 2008, he earned a total compensation of $38,237,437, which included a base salary of $958,333, stocks granted of $28,830,000, and options granted of $8,432,911. However, after adjusting for Citigroup’s sunken share price, the package was worth just a few million dollars. Pandit received $165 million for his hedge fund which was purchased by Citi in 2007. The fund has since been closed. In 2012, Citigroup shareholders voted in favor of a non-binding resolution to reject a $15 million pay package for Pandit. In November 2012, Pandit was paid about $6.7 million.

Post-Citigroup

It was reported in May 2013 that Pandit and Hari Aiyar, another Indian executive, were acquiring a 3 percent equity stake in JM Financial and launching a $100 million fund to invest in distressed assets. It was reported in May 2016 that Pandit and Atairos Group created a new operating company, The Orogen Group, to invest in financial services companies with backing from Comcast Corporation.

Board memberships and honors

Pandit is a member of the boards of Columbia UniversityColumbia Business School, the Indian School of Business, and Trinity School. He is also a member of Kappa Beta Phi. He serves as director of the Institute of International Finance. He was on the board of NASDAQ OMX, the New York City Investment Fund, from 2000 to 2003.

In 2008, Pandit was awarded the Padma Bhushan by the Government of India.

Personal life

Pandit, a naturalized citizen of the United States, lives in an apartment on the Upper West Side of Manhattan. He and his wife, Swati, have two children, Rahul and Maya.

 

Uday Kotak

Uday Kotak (born 15 March 1959) is an Indian billionaire banker, and the executive vice chairman and managing director of Kotak Mahindra Bank.

In early 1980s, while India was still a closed economy and economic growth was muted, Kotak decided to start out on his own, refusing a lucrative job option from a multinational. Over the next few years, he diversified his business into various areas of financial services, establishing a prominent presence in bills discounting, stockbroking, investment banking, car finance, life insurance and mutual funds. On 22 March 2003, Kotak Mahindra Finance Ltd. became the first company in India’s corporate history to receive a banking license from Reserve Bank of India.

Forbes estimated his wealth to be $14.8 billion in 2019. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in two subsidiaries for $72 million.

 

Early life and education

Kotak was raised in an upper middle class Gujarati joint-family  household with 60 people sharing a common kitchen under one roof. The family was originally into cotton trading. He called this “Capitalism at work and Socialism at home”.

His two pastimes had been cricket and playing the sitar. In a 2014 interview with NDTV he admitted that he was no longer pursuing his playing of the sitar.

His talent in mathematics influenced his choice of career. He earned a bachelor’s degree from Sydenham College and completed a postgraduate degree in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies.

Career

After completing his MBA, Kotak started Kotak Capital Management Finance Ltd (which later became Kotak Mahindra Finance Ltd). From a seed capital of less than US$80,000 borrowed from family and friends, he converted a bill-discounting start-up into a financial services conglomerate with assets of US$19 billion (as of March 2014), and the second largest schedule commercial bank by market capitalization in India (private and PSU) with over 1250 branches.

During 2014, Kotak almost doubled his wealth as shares of his Kotak Mahindra Bank hit an all-time high after he sealed a $2.4 billion deal in November 2014 for rival ING Vysya Bank, partly owned by Dutch financial services group ING.

In 2015, Kotak enters the general insurance business and is partnering telecom magnate Sunil Mittal’s Bharti Airtel to start a small payments bank.

Kotak has reduced his stake in the Kotak Mahindra Bank to 30% as of now, as he is required to bring it down to 20% as per RBI directions.

In August 2019 he was reported to be one of the most highly paid CEOs of any Indian bank with a monthly salary of ₹27 lakh (US$38,000).

He took over as President of the Confederation of Indian Industry (CII) for the year 2020-21. 

Honours and awards

  • In June 2014, he was named Ernst & Young World Entrepreneur Of The Year.
  • He was the sole Indian Financier to feature in Money Masters: The Most Powerful People in The Financial World, by Forbes magazine, US (May 2016)
  • India Todaymagazine ranked him #8th in India’s 50 most powerful people of 2017 list.

Memberships

Kotak is a member of the Government of India’s High Level Committee on Financing Infrastructure, the Primary Market Advisory Committee of the Securities & Exchange Board of India, Member of the Board of Governors of the National Institute of Securities Markets and ICRIER. He is also Governing Member of the Mahindra United World College of India, and Member of National Council of CII. Kotak is also a member of the strategic board which advises the national law firm, Cyril Amarchand Mangaldas.

Personal life

He is married to Pallavi Kotak, has two children and lives in Mumbai.

Swraj Paul

Swraj Paul, Baron PaulPC (born 18 February 1931) is an Indian-born, British-based business magnate and philanthropist. In 1996 he was appointed a life peer by Conservative Prime Minister John Major, and sits in the House of Lords as a crossbencher with the title Baron Paul, of Marylebone, in the City of Westminster. In December 2008 he was appointed deputy speaker of the Lords; in October 2009 he was appointed to the Privy Council.

 

Early life and education

According to his official biography, Swraj Paul was born in JalandharPunjab Province in 1931, in what was then British India. His father Payare Lal ran a small foundry, making steel buckets and farming equipment. His mother’s name was Mongwati. The site of his childhood home is now Apeejay School.

Swraj Paul completed his high school education at Labbu Ram Doaba School. Paul was educated at Forman Christian College in Lahore, and Doaba College in Jalandhar. He went to the United States to study mechanical engineering, obtaining BSc, MSc and MechE degrees from the Massachusetts Institute of Technology.

Business career

After leaving MIT, he returned to India to work for the family business, Apeejay Group, which was founded by his father, and was, at the time, managed by his two older brothers, Stya Paul and Jit Paul.

Caparo Group

In 1966 he relocated to the United Kingdom to get medical treatment for his young daughter, who had leukaemia. He spent a year grieving her death, after which he founded Natural Gas Tubes. Starting with one steel unit, he went on to acquire more. This led to his founding the Caparo Group in 1968, which became one of the UK’s largest steel conversion and distribution businesses, manufacturing an extensive range of structural steels, precision tube, spirally welded tube, special bar qualities, industrial wires, cold rolled strip and spring steel strip. Lord Paul stepped down from the management of the Caparo Group in 1996.

Up until Autumn 2015, Caparo employed over 10,000 people across North America, Europe, India and, the Middle East. In October 2015, 16 of the 20 limited companies that formed most of Caparo Group UK collapsed into administration, and on 8 November his son Angad Paul, the Group’s CEO, died in an apparent suicide from his eighth-floor penthouse flat.

Public role and philanthropy

Lord Paul has held many public positions. In 2006, as part of his parliamentary work, he made a declaration of interest; he was involved with more than a dozen organisations outside his family business and foundation. This foundation, named in memory of his daughter, channels profits from Caparo India into charitable endeavours. For example, Paul is an honorary patron of the Zoological Society of London and has funded major projects at the Regent’s Park site, including the Ambika Paul children’s zoo.

In 2020 $5 million was donated to the Massachusetts Institute of Technology for “The Swraj Paul Theatre” at the Kresge Auditorium.

Education

The Foundation has established the Ambika Paul School of Technology in Jalandhar, India.

Lord Paul held the Pro-Chancellorship of Thames Valley University in 1997, and Chancellorship in 1998.

He has been the Chancellor of the University of Wolverhampton since 1998. In 2010 the student union centre was renamed “The Ambika Paul Student Union Centre”, following his donation towards its refurbishment. In 2015 he gave, through his family foundation, £1 million, the largest single donation in the university’s history.

Lord Paul was Chancellor of University of Westminster, from 2006 to 2014; his foundation donated £300,000. to establish the Ambika P3 event and exhibition space.

He sat on MIT‘s Mechanical Engineering Visiting Committee between 1998 and 2001, when he established the Ambika Paul Mezzanine and Study Space, and the Swraj Paul Scholarship fund for undergraduate and graduate students.

Lord Paul is a member of the President’s Cabinet for Chapman University in Orange, California.

International relations

Lord Paul has taken an interest in international relations. He was appointed by the government to act as an ambassador for British business from 1998 –2010.  He was a member of the Foreign Policy Centre Advisory Council. He contested for the chairmanship of the Commonwealth Parliamentary Association, with an agenda to reduce the gap between the West and the East Lord Paul was Co-Chairman of the Indo-British Roundtable from 2000 to 2005. He was a member of Panel 2000, an appointment by the Prime Minister to re-brand Britain.

UK politics

Lord Paul has donated £500,000 to the Labour Party, being the largest donor to Gordon Brown’s leadership campaign and offering in 2007 to give “as much as [he] can afford” in the case of an early election. He is also close to the former UK Prime Minister’s wife, Sarah Brown, for whom he shows paternal concern Lord Paul was chairman and trustee of Theirworld and chairman Theirworld Projects Ltd (formerly PiggyBankKids) from 2002 to 2015; the charity was founded by Sarah Brown.

He was the first person of Indian origin to hold the post of deputy speaker of the House of Lords, one of twelve people in that post. He was sworn of the Privy Council on 15 October 2009.

Lord Paul was involved with the London Olympics from its inception; he was a member of the board responsible for the 2005 submission of the bid for the 2012 Summer Olympics. He travelled to Singapore as part of the bidding team that successfully persuaded the International Olympic Committee to award the games to London for 2012. He chaired the Olympic Delivery Committee, part of the London Development Agency, with the job of obtaining the land on which to build the new venues, and delivering the land on time and on budget. (See Legacy of the 2012 Summer Olympics.)

Awards and honours

Lord Paul has received various awards and honours including 15 honorary degrees from universities in the UK, US, India, Russia and Switzerland. In 1983 he was awarded the Padma Bhushan, by Indira Gandhi, the Prime Minister of India, and the Bharat Gaurav award by the Indian Merchants’ Chamber. Freedom of the City of London, 1998; Asian Business Awards, Lifetime Achievement Award, 2008; Donald C. Burnham Manufacturing Management Award, Society of Manufacturing Engineers, USA, 1995; First Asian of the Year Award, Asian Who’s Who, 1987; Asian Woman Magazine Lifetime Achievement Award, 2008. PowerBrands Hall of Fame nominated him Global Indian of the Year, 2011. Massachusetts Institute of Technology, Corporate Leadership Award, 1989.

He was awarded “International Indian of Decade” for his outstanding achievements in the fields of industry, education and philanthropy at the 20th anniversary of the publication of India Link International, a monthly magazine on 15 November 2013.

In 2014, Lord Paul was presented with a Lifetime Achievement Award by the Black Country Asian Business Association for his “outstanding achievements in the fields of industry, education and philanthropy”. In 2014, he received a further Lifetime Achievement Award in recognition of his work in promoting India-UK educational ties from the Global Skill Tree consortium,an India Based think tank, which hopes to promote India as a global hub of international education through its “Great Place to Study – India” initiative.

In July 2014, Lord Paul was given the “International Icon of the Decade Award” by the World Consulting Research Corporation at its Global Indian Excellence Summit in London, in recognition of “his outstanding achievements in the fields of manufacturing, education and philanthropy”.

In April 2018, Lord Paul received two awards during a trip to India: the IOD Golden Peacock Award For Lifetime Achievement in Business Leadership and the Global Punjabi Society Lifetime Achievement Award.

In May 2018, Lord Paul was given the Int+ WCRC International Iconic Leader Award for Lifetime Achievement, at the UK & Asia Business Awards ceremony in London.

In October 2018, he was awarded the Mahatma Gandhi Honour by the NRI Institute in celebration of their 30th anniversary.

In June 2019, he was awarded an honorary Fellowship by the Zoological Society of London.[43]

In August 2020, Lord and Lady Paul were invited to become members of the MIT Charter Society in recognition of their philanthropic commitment to MIT.

 

Personal life

Lord Paul is on the Sunday Times Rich List as the 38th richest person in Britain, although he claims to take public transport in London “like everybody else”. Since the 1960s he has lived in Portland Place, in central London. He and his family own a dozen flats in the block, each one worth close to a million pounds. He also has a 250-acre (1.0 km2) country estate, in Beaconsfield, Buckinghamshire.

His son Angad Paul, CEO of Caparo plc, died after falling from his Marylebone penthouse flat on 8 November 2015. A police statement stated they considered there to be no suspicious circumstances.

Sant Singh Chatwal

Sant Singh Chatwal is an Indian American businessman and founder of the Dream Hotel Group where he is chair of the board. He has founded numerous hotel brands including The Chatwal, Dream Hotels, Time Hotels, and Unscripted Hotels, which operate in the United States and internationally.

Early life

Chatwal is from a refugee family that fled the West Punjab province of Greater India during the Partition of India in 1947. He was one year old when the family left with his four brothers and three sisters. They settled in Faridkot, Punjab, India where the family became small merchants. He joined the Indian Armed Forces at the age of 18 where, according to Chatwal, he served as a fighter pilot on the country’s first and only aircraft carrier, INS Vikrant. Chatwal grew up with Sikh traditions of his family.

Career

Chatwal left India for Addis AbabaEthiopia to work for the country’s commercial airliner. When he arrived he was told he would be required to take off his turban, cut his hair, and remove his beard. He declined due to his Sikh heritage. He then became a teacher in a local public school and became friends with the owner of a restaurant who asked him to fill in for a few months when he became ill. He improved the business and was later asked to become a partner, later buying out the other owner. In the course of time he became the owner of two restaurants serving Indian cuisine.

In 1975, he left the country with some of his savings and opened a restaurant in Montreal, Quebec, Canada. Chatwal also entered the hotel business while in Canada, purchasing his first hotel in 1976. In 1979, he opened Bombay Palace, the first fine-dining Indian restaurant in Midtown Manhattan. Chatwal expanded Bombay Palace internationally, opening restaurants in London, Hong Kong, and Canada, and eventually becoming a publicly traded company.

He continued to acquire hotels, adding properties in Florida in 1980 and New York in 1982. He later combined all his properties into Hampshire Hotels & Resorts. He suffered from the real estate crisis in the 1990s and was forced to file Chapter 11 bankruptcy. It was then he began to bring in investors as partners and focused on lifestyle branding of hotels, opening properties in New York, Los Angeles, and internationally. By 2006, he was the largest independent owner of hotels in the United States, operating 13 hotels with 3,000 rooms valued at $750 million.

Chatwal is close to former US President Bill Clinton and his family, and has made substantial financial donations to his election campaigns, as well as to other causes and campaigns of the Democratic Party, engaging prominent representatives of the party. He has accompanied the Clintons on several journeys to India, and is a Trustee of the William J. Clinton Foundation. In April 2014, he pled guilty to giving illegal campaign contributions to three federal candidates, including Clinton, between 2007 and 2011. He was fined $500,000 and sentenced to probation and community service.

Hampshire Hotels & Resorts rebranded in 2015 to Dream Hotel Group. Chatwal remained as the chairman of the board and a new CEO was appointed to the group.

Personal life

In 2010, then Indian President Pratibha Patil awarded Chatwal the Padma Bhushan, India’s third-highest civilian honor.