FIRST ANNIVERSARY ISSUE SPECIAL COLLECTOR’S EDITION
SEPTEMBER 2010 VOLUME 2 ISSUE 1 Rs 100
Learn From the Best
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editor’s note
W
HEN WE STARTED our journey in September 2009,
the global economy was at an interesting crossroads. The gloom of economic meltdown had hit the world, resulting in great institutions tumbling down. At the same time, the sun was still shining on certain parts of the world—mainly two economies—India and China. And many rightly hold that these two economies will be the growth drivers over the next many years to come while the rest of the world recovers or continues to reel under the impact of the slump. In India this growth, a far more real one compared to its mighty neighbor, will be driven by the thousands of entrepreneurs willing to explore the growth potential offered across the globe. The last 12 months have been exhilarating. We have had a chance to closely see how companies were set up by some of the brightest minds in the country. We also keenly observed how certain entrepreneurs were restructuring their businesses. Besides, there were several serial entrepreneurs starting new ventures. The edition you have in your hand—the first anniversary issue of Entrepreneur magazine—is a special one. This is authored by some of the finest entrepreneurial brains in the country. The question that we put across to them was aimed at finding out what drives them and what sets them apart from others. Hence, we invited a number of them from across the country and from a wide range of businesses— from Mumbai’s Muchhad Paanwala to Bollywood Badshah Shah Rukh Khan—to tell our readers snippets from their entrepreneurial journey. Many of the celebrated columnists for the anniversary issue have also given advices to aspiring entrepreneurs, which they have collated over the decades of their entrepreneurial journey. For example, Shiv Nadar, the technology business genius, urges that it is time entrepreneurs go back to the roots to nurture where they came from. “This is where the untapped potential, the drivers and the true wealth of our nation, reside,” he adds further. When we look back, the numerous entrepreneurs my colleagues and I met kept giving us strong belief that entrepreneurship is the way forward for India. It is also true that a few of the companies started in the last 12 months may have folded up, but those numbers are few and far between. Read on and find out what these 60-odd entrepreneurs have to share with you. Get inspired and take off…
Keep the Faith!
Bipin Chandran Editor Entrepreneur + September 2010 5
table of contents 16 SAY YES TO YOUR DREAMS by Rana Kapoor 20
18 THE OLD ORDER’S CHANGED TODAY by Saurabh Srivastava 20 CHUCK THE SALARY CHECKS! by Sanjeev Bikhchandani
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22 TOP 10 REASONS WHY STARTUPS FAIL by Mohanjit Jolly 26 TEAM SPIRIT! by B.V. Jagadeesh
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28 LEVERAGING TECHNOLOGY by Pradeep Kar 32 I AM PASSIONATE ABOUT ALL MY BUSINESS VENTURES by Shah Rukh Khan 34 YOU SHOULD BE WILLING TO EXPERIMENT by Adi B. Godrej 36 IT’S ALL ABOUT PEOPLE POWER! by Richard Branson 38 ENTREPRENEURSHIP IS EMBEDDED IN INDIAN GENES by Raghav Bahl
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40 WINGS OF CHANGE by Captain G.R. Gopinath 18
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42 ON A LUCKY TRIP by Deep Kalra 44 FUNDING IS THE BIGGEST CHALLENGE by Raman Roy
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46 DON’T BE GREEDY by Phaneesh Murthy 48 ALL FOR A CAUSE by Rajeev Karwal 50 THE TYRELESS CRUSADER by Onkar Kanwar
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52 MINDTREE TO MANTHAN by Sudhir Sethi 56 BE RESOURCE-WISE! by Puneet Dalmia 58 THE NUCLEUS OF ENTREPRENEURSHIP by Vishnu R. Dusad
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60 HIGH NET WORTH! by Rakesh Mathur 62 10 Entrepreneur + September 2010
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62 DO YOU HAVE IT IN YOU? by Rajendra S. Pawar
table of contents 66 INNOVATION BREEDS SUCCESS by Colonel H.S. Bedi 78
68 CARE FOR YOUR ECOSYSTEM by Rohini Nilekani 70 EMPOWERING YOUNG MINDS By Shiv Nadar 72 BOLDNESS IS EVERYTHING IN BUSINESS by Sajjan Bhajanka 74 SALARY IS LIKE OPIUM by Kanwal Rekhi
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76 THE CELL SELLER by Vikas Jain 78 THE JUGAAD STRATEGY by Harbir Singh 80 CARPE DIEM! by R. Ramaraj
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82 SUCCESS IS ALWAYS RELATIVE by Sunil Wadhwani 84 FOLLOW THE CASH by Kanwaljit Singh 88
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86 TWO POOR PEOPLE DON’T EQUAL ONE RICH GUY by Sanjay Anandaram 88 FROM BREWERY TO BIOTECHNOLOGY by Kiran Mazumdar Shaw
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90 ONE FOR THE ROAD by Jagdish Khattar 92 THE ROYAL TOUCH by Sir Gulam Noon 86
94 ENTERPRISE IS A JOURNEY by Harshavardhan Neotia 96 WALKING DOWN FASHION STREET by Anita Dongre 98 OIL’S WELL IN THIS BUSINESS by Aditya Vardhan Agarwal
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100 DANCE LIKE NO ONE’S WATCHING! by Nandini Vaidyanathan 102 NON-CONFORMISM IS THE KEY by Faisal I Farooqui 96
104 THE RISE OF THE NUKKAD PAANWALA by Muchhad Paanwala 106 RAISE THE BAR by Kaustuv Roy
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108 GLOBAL SUCCESS by Manoj Tirodkar
To read more, grab the September issue of Entrepreneur To Subscribe, visit www.entrepreneurindia.in
table of contents 110 IT PAYS TO BE OVER-CAPITALIZED by Rashesh Shah 116
112 FOOD FOR THOUGHT by A.D. Singh 114 UNIVERCELL APPEAL by Sathish Babu 116 THE NEW ENERGY REVOLUTION by Tulsi Tanti
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118 ALL THE WORLD’S YOUR STAGE… by Sam Pitroda 120 LOOKING BACK WITH PRIDE by Raghupati Singhania 118
122 THE MISTRESS OF SPICES by Hemamalini Maiya 124 HOMING IN ON REAL ESTATE by Ashok Modi 110
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126 AT YOUR SERVICE! by Sanjay Narang 128 CURVING A HEALTHY ENTERPRISE by Vandana Luthra
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130 THE HEADY TASTE OF SUCCESS by Abhishek Khaitan 132 ENTREPRENEURSHIP IS THE WAY FORWARD by Ved Prakash Arya 134 LEARNING FROM MISTAKES by Sankrant Sanu
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136 BUILDING DREAMS by Kapil Wadhawan 140 MONEY WILL FIND YOU by Sameer Guglani
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142 DIGITAL HUNGAMA by Neeraj Roy 144 SOUTH SIDE STORY by N. Ravi Chandran 122
146 DREAM BIG, ACT SMALL by K.B. Chandrasekhar 148 THE ENGINE OF GROWTH by L. Ganesh 150 A POWERFUL HERITAGE by Sanjiv Goenka
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152 ENTREPRENEURSHIP, THE INDIAN WAY by Shereen Bhan 132 14 Entrepreneur + September 2010
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154 INDIA’S GROWTH ENGINES