Fortune favours Indian stock markets big time...(not to mention..on me too..rather.. not too big time.. but thou shalt reap what thou sows:-))
Articles scream about the rise of Ambani to the pole in the list of the richest...(and a response from Reliance that he is not..http://timesofindia.indiatimes.com/Business/India_Business/Mukesh_Ambani_not_worlds_richest_man_says_Reliance/articleshow/2502073.cms).. I was reading through some message forum in Rediff where someone said..India's wealth is being concentrated into a small number of hands and it hasn't reached the larger masses...more important was his/her point where he stated the wealth is in no way proportional to the amount of work done by the individual..with specific references to NRN, Premji and the Ambanis..
With my inclination to socialist tendencies this idea does appeal to me but references to these figures is what pulls me away from this guy's remarks..this would have worked out perfectly in the erstwhile Soviet union...still the truth is..yes these guys do possess money and a lot of it in fact...but the money is not merely a quantification of the man or his labor...it is the 'idea', the 'vision' that sells...
NRN - starting a company with 10k and growing to a 2B$ enterprise is no child's play
Premji - turned a Vegetable oil manufacturer into a software biggie
Ambani - King of them all..Dhirubai..started as a hot water supplier at a hotel...not Anil and Mukesh..they had a solid platform to start work on...but their contribution to the growth of the Reliance empire was by no means lesser than any of the above
and these guys do have a social responsibility (CSR) index that is far higher than what so many other IT MNCs in India possess...they do their bit for the society..i call it 'a bit'...after all Business is all about cut-throat competition, profits and every rupee of it on your balance sheet counts...that should provide an answer to my dear unknown friend on rediff...
Mark not the man; for he is mortal..but his idea...........survives and thrives...
Tuesday, October 30, 2007
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