Changing loyalties like clothes, former RSS worker who rose to become CM, is singing Sonia’s paeans

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Ann Richards, former US politician had said; “…In politics, your enemies can’t hurt you, but your friends will kill you.” The new 35-yearold Jharkhand Chief Minister, Madhu Kora, a friend of the BJP, finally killed it. On September 18, Koda was sworn in as the Chief Minister of Jharkhand. Koda also became the first ever independent MLA to head a state. Koda is the youngest Chief Minister of Jharkhand.

Madhu Kora epitomises the politics of defections. Having grown up in RSS shakhas, he entered the State Assembly as a BJP member. Denied renomination by the BJP in 2005, he contested as an independent and won. Finding himself, along with four other independents, in an enviable situation as the balancing force in the Assembly, Koda refused to join the UPA Government led by Jharkhand Mukti Morcha Chief Shibu Soren after the polls.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Tuning to the new Microsoft Zune!

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For a long time now, Apple’s iPod has been a competition for itself. But now, Microsoft has decided to end the aloofness for iPod, as it is all set to launch its own music and video player called Zune. To intensify the competition further, Microsoft has priced Zune at $249.99 which is almost equivalent to iPod. A 30GB hard drive, three inch screen with Wi-Fi connectivity, FM tuner and an in-built rechargeable battery makes Zune a very lucrative option for an ardent music lover. It also allows sharing of music wirelessly with other Zune users. At last, now the consumers can have a choice beyond the iPod.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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IGNOMINIOUS INDIA

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According to a recent World Bank report – “Doing Business in 2007” – India was ranked a pathetic 134 amongst 175 countries surveyed. The report, which ranks countries in 10 different parameters, ranging from starting a business, getting credit, enforcing contracts, paying taxes to even closing down a business, revealed that India was ranked the worst (175) in terms of enforcing contracts, followed by similar pathetic ranks of 158, 155, 139 and 133, in terms of paying taxes, dealing with licences, trading across borders and closing a business, respectively. This report truly reflects how hard it is to do business in India. Even though some states that have nurtured the most profitable companies are leading the way in making India a bearable place, there are miles for India to travel the direction of the global corporate world!

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

Be quick, or be dead!...

IIPM MANAGEMENT INSTITUTE
The industry is riding on the back of towering cement prices. With demand surpassing supply, prices have gone upto Rs.200 for the period from April to July 2006, an increase of 25% in contrast to last year. The demand is so strong that even the onset of floods in three states couldn’t spoil the party for the industry. K. M. Birla, Chairman, Grasim Industries, commented to media, “The government’s initiatives on infrastructure development and the boom in the housing sector are major growth drivers for the cement industry. In the medium term, the demand and supply situation is expected to be in balance, with a couple of years before the next cycle of new capacity enters the market.” On the subject of rising prices, Swati Korvi, cement analyst, Parag Parikh Financial Advisory Services Limited, enunciates, “We have witnessed a surge in the cement prices owing to the robust demand from housing and infrastructure projects. However, with capacity expansion plans in the pipeline, we can expect some pressure on realizations in FY09.”

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Tata Cyclops Services Ltd!

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Out of the top 10 Fortune 500 companies in America, six depend upon Tata Consultancy Services (TCS) for their information technology consulting needs! This fact alone speaks volumes for the strides that have been made by TCS in the global IT arena by pioneering the flexible global delivery model for IT services. In a research report released by Gartner on July 27, 2006, TCS has been ranked amongst the top 20 Technology Service Providers for 2005, and hence, became the only company headquartered in India to be featured.

“As an integrated full services player with global footprint and scale, TCS is presented with valuable growth opportunities in the market place. We have the right structure and leadership team in place, globally, to take advantage of this tremendous opportunity,” bolsters S. Ramadorai, CEO & MD, TCS. The company operates in diverse industries like telecom, banking, fi nancial services, insurance, retail and transportation and has clients like AT&T, Boeing, Nike, GE, and Microsoft . In a scenario where around 90% of TCS’ business comes from repeat clients, multiyear and multimillion dollar deals have been the flavour of the season for the company. Whether it was a $847 million deal for 12 years with Pearl Group or a $250 million deal for five years with ABN Amro, TCS was the busiest of almost all Indian firms.

The financial year 2006 scripted a new chapter of success in the history of TCS, with a robust revenue growth of 36% (revenue crossed Rs.110 billion) and an increased earning per share of Rs.60.63. The strong prodigious results can mainly be attributed to the massive increase in the client base of the company (which stood at 748 at the end of Q4, out of which new clients are just 89). TCS’ success can also be accredited to the company’s strength of successfully providing consulting rather than plain IT solutions, to its high-end clients and standard service offering of system integration to the clients at the bottomend of the spectrum.

Other factors that make TCS stand apart from the competition are its strategic and technical alliances with companies like IBM, Mercury Interactive, Adobe Systems, Microsoft and Compaq amongst others, which have helped it to become a complete solutions provider that deals with consulting, IT infrastructure, asset based solutions and industrial services. Recently, the company became the first Indian IT company to cross a headcount of 60,000 employees. To add to this, TCS will be hiring a stupendous number of 30,000 employees in the current fiscal year. Does TCS rule our ranking? Like we mentioned, like a cyclops.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Tech Mahindra

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Vice Chairman, MD & CEO: Vineet Nayyar,
Formerly known as Mahindra-British Telecom Limited, Tech Mahindra is a niche player. It services mainly the telecom sector and provides end-to-end IT services and solutions to this industry, which it has consciously chosen to cater to. Founded in 1986, the company’s expertise lies in solution integration, application development, management, consulting, managing services and product engineering.

Nearly two decades down the line, the company assimilates OSS (Operation Support Systems) and BSS (Business Support Systems) along with its global workforce to provide services to its clients. The company seeks to provide an array of services, ranging from IT strategy to product engineering. The 11,000 employees strong Tech Mahindra is spread over 16 regional offices across the world (Americas, UK, Germany, UAE, Egypt, India, Singapore, Taiwan, Thailand and Australia). In fact, only this August did they finally list on the Indian bourses, with a 44% premium.

Steered by Vineet Nayyar (MD and CEO) the company so far has been earning many accolades and awards. Some among them are being ranked as the third largest BSS SI in the World (Gartner-Dataquest 2006); eighth largest software exporter from India (NASSCOM 2006); 32nd in the leaders category in the global outsourcing 100 (IAOP 2006) and more…

Recently, Tech Mahindra set up a joint venture with Motorola – CanvasM. “This will leverage the synergy of capabilities between Tech Mahindra and Motorola to provide cost-effective service delivery through specialized resources that optimize the development and processes required to create and manage a mobile ecosystem,” said C. P. Gurnani, President, International Operations, Tech Mahindra, on the occasion.

With both, information technology and telecom sectors taking huge strides forward, Tech Mahindra can definitely hope for a buoyant journey ahead.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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The timeless symphony...

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And the man taking the Titan legend forward is the company’s maverick Managing Director – Bhaskar Bhatt – whose persona is as dignified as it is charismatic. Bhasker, who joined the company in 1983, has handled Sales & Marketing, HR, International Business and general managerial projects before taking over the reins of the company as Managing Director in 2002. Today he is responsible for steering the growth of Titan Industries. A mechanical engineer from IIT Madras, Bhaskar completed his Business Management from IIM Ahmedabad in 1978. Later, Bhaskar worked as a trainee at Godrej & Boyce Manufacturing Company for 5 years, after which he joined Tata Watch Project and has stayed with them ever since.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

Power of images

IIPM MANAGEMENT INSTITUTE
Advertisers today don’t sell products. They sell a life style, an image. The images of women being portrayed in advertisements is scary. It’s sending all the wrong signals – especially to teenagers and young girls, who try to copy the images doled out in generous quantities by advertisers. But the ridicule doesn’t stop ‘fairly’. On another front, all ads showing women put a premium on ‘slimness’. As early as the 1920s, some ads for a cigarette brand ‘Lucky Strike’ ran a punch line, which read – “Reach for a Lucky instead of a sweet.” It tried to associate ‘smoking’ with ‘slim’. That was the start!

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