Entrepreneurship

Entrepreneurship

• The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.

• In economics, entrepreneurship combined with land, labor, natural support.

• resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking.

Qualities of entrepreneurship

• 1. Disciplined• 2. Confidence• 3. Open Minded• 4. Self Starter• 5. Competitive• 6. Creativity• 7. Determination• 8. Strong people skills• 9. Strong work ethic• 10. Passion

Aditya Vikram Birla

Profile

Born On: November 14, 1943

Born In: Kolkata, West Bengal

Died On: October 1, 1995

Career: Industrialist

Nationality: Indian

History

• The grandson of the legendary G.D. Birla, Aditya Vikram Birla was one of the most inspirational and outstanding industrialists that India has ever had. His innovative ideas and marvelous abilities helped India to expand trade to foreign countries, thereby leaving an indelible mark on the corporate landscape. He was one of the first Indian industrialists to set up the largest multinational empire, thereby creating India’s first truly global corporation

Early life

• Aditya Vikra Birla was born to the industrialist Basant Kumar Birla and Sarala Birla in Kolkata in West Bengal. He was the grandson of the legendary G.D. Birla, a prominent industrialist and founder of the vast Birla industrial empire.

Career Life

After Aditya completed his degree course in chemical engineering, he returned to India and was handed over a part of Birla Company to run. Not to be satisfied with just that, he started his own textile business with Eastern Spinning Mills that became an instant hit in Kolkata. With this, he put the company’s sinking rayon and textile business back on track.

Contribution to India

• before the word globalization was included in India’s dictionary, Aditya set up a global business empire, thereby placing India on the world map in 1969. Under his guidance, the companies were making immense profits in key sectors of textiles, cement, aluminum, chemicals, fertilizers, fiber, financial services, sponge iron, software, and petro-refinery.

Conti…• Though his companies had over 70,000

employees, Aditya was actually generating indirect employment for more than 2 lakh people. Such was the contribution and prosperity brought to India that Aditya helped in earning respect for the “Made in India” quality stamp.

Personal Life

Aditya Vikram Birla was married to Rajshree. The couple had two kids, daughter Vasavadatta(married to Kushagra Nayan Bajaj), and son Kumar Mangalam (current head of the Aditya Birla Group).

Honors & Awards

• Lifetime Achievement Award by All India Association of Industries, January 1996

• Award for Outstanding Contribution to the Phenomenal Growth of the Indian Cement Industry by All India Management Association, September 1996

• Outstanding Young Person Award by Bombay Metropolitan Jaycees, 1978

• Outstanding Citizen Award by North Bombay Jaycees, 1984

Products

• Metals, cements, textiles,chemicals, agribusiness,carbon black, mining, wind power, insulators,telecommunications, financial services, information technology, retail,

• Timeline

1943: Born in Kolkata, West Bengal1965: Completed chemical engineering from Massachusetts Institute of Technology and returned to India1965: Started Eastern Spinning Mills in Kolkata1969: Set up Indo-Thai Synthetics Company Ltd. in Thailand1973: Established P.T. Elegant Textiles in Indonesia1974: Incorporated Thai Rayon in Thailand1975: Launched The Indo Phil Group of companies in Philippines1977: Set up the world’s largest single-location palm oil refinery, Pan Century Edible Oils in Malaysia

• 1978: Established Thai Carbon Black in Thailand1982: P.T. Indo Bharat Rayon launched in Indonesia1985: Conferred upon the Man of the Year Award by Amravathi Chamber of Commerce & Industry1990: Awarded Businessman of the Year Award by Business India1995: Died on October 1 from prostate cancer in Baltimore, USA, aged 511996: Bestowed with Lifetime Achievement Award by All India Association of Industries

K.V.Kamat

Profile

• Born On: 2nd December, 1947

• Born In: Mangalore, Karnataka

• Career: Non-Executive Chairman of ICICI Bank

History

• Kundapur Vaman Kamath, popularly known as K.V. Kamath is a leading personality of the finance sector in India. He is very intelligent and has modernized the banking sector in India with his excellent and innovative concepts of 'Universal Banking' and proper management of employees

• Thus, with his hard work, devotion and intelligence he achieved popularity on both national and international levels. Claim to fame: K.V.Kamath is the first non-founder to become the Chairman of Infosys. Read on!

Early life

• Mr. Kamath belongs to a Gaud Saraswat family. He finished his primary and intermediate education from St. Aloysius School and then pursued his Mechanical Engineering from the Karnataka Regional Engineering College, Surathkal which is presently known as the National Institute of Technology, Karnataka.

• He married Rajalaxmi and the couple has two children, a son Ajay Kamath and a daughter Ajnya Kamath Pai. Kamath presently resides in Mumbai.

Career• K.V.Kamath started his career serving the ICICI Bank in the

finance division project and then shifted to several departments for gaining experience in establishing new businesses such as venture capitalism, leasing, credit rating and also to be on the position of General Manager. When he became the General Manager, he started and executed the Computerization Programme of ICICI. In 1988, he joined the Private Sector Department of the Asian Development bank, Manila and was the delegate of the Asian Development Bank on the boards of many companies.

• K.V.Kamath has also been a Co-Chairman of the World Economic Forum's Annual Meeting in Davos and is a member of the Board of the Institute of International Finance.

Contribution to India

Mr. Kamath has contributed a lot for the progress of the ICICI Bank and after his leadership the balance sheet of this bank has maximized eight times over the last eight years. In present times, the bank has around millions of safety bond investors. Thus, he has played a very important role in the growth of ICICI, which is the second largest bank in India, providing a variety of banking and financial services. that this bank has become the first Indian and second Asian bank to be listed on the New York Stock Exchange.

Timeline

• 1947: Born in Mangalore, Karnataka• 1969: Pursued his MBA from IIM-Ahmedabad• 2005: Businessman of the Year award by Business India• 2006: Outstanding Business Leader of the Year award

from CNBC-TV18• 2007: Business Leader Award of the Year by the

Economic Times• 2008: Honored with Padma Bhushan• 2011: Chairman of Infosys