STAY HUNGRY STAY FOOLISH

&FOUR ENTREPRENEUR

Presented To: Presented by:Asst Prof Reshu Chourasia Rahul Roy

Steve Jobs' 2005 Stanford Commencement Address

AUTHOR

• Rashmi Bansal is a writer, entrepreneur and youth expert.

• An economics graduate from Sophia College, Mumbai and an MBA from IIM Ahmedabad, she lives in Mumbai

• Rashmi Bansal is co-founder and editor of JAM (Just Another Magazine), India’s leading youth magazine

• She writes for popular blog: Youth Curry,Rediff.com & Bloomberg UTV

ABOUT THE BOOK

• The book is the live narration of 25 IIM graduates who believed in the power of their dreams and became successful entrepreneurs.

• Each story is based on of the three kind of people The Believers, the Free Booters & the Innovator

• Failure is the key of success.

25 entrepreneurs

• Sanjeev Bikhchandani, naukri.com• Shantanu Prakash, Educomp• Vinayak Chatterjee, Feedback

Ventures• Ashank Desai, Mastek• R Subramanian, Subhiksha• Narendra Murkumbi, Shree

Renuka Sugars• Chender Baljee, Royal Orchid

Hotels• Madan Mohanka, Tega Industries• Sunil Handa, Eklavya Education

Foundation• Vardan Kabra, Fountain head

School

• Deep Kalra, makemytrip.com• Rashesh Shah, Edelweiss Capital• Nirmal Jain, India Infoline• Vikram Talwar, EXL Service• K Raghavendra Rao, Orchid Pharma• Jerry Rao, Emphasis• Shivraman Dugal, Institute for

Clinical Research in India• Shankar Maruwada, Marketics• Ruby Ashraf, Precious Formals• Deepta Rangarajan, IRIS• Cyrus Driver, Calorie Care• Venkat Krishnan, GiveIndia• Anand Halve, chlorophyll• S B Dangayach, Sintex• Vijay Mahajan, Basix

Nirmal Jain: Its all about the Honey PGP '89

• Nirmal Jain is an alumnus of IIM Ahmedabad

• Chartered Accountant and a Cost Accountant

• Nirmal Jain started his career in 1989 with Hindustan Lever Limited

• In 1995, Nirmal Jain set up what is today know as IIFL

Statement

• If you are an artist like MF Hussain or a player like Tiger Woods your individual skills only matter, and not how good a team you can build. The analogy applies to business as well.

• You always run a risk; it’s a game of probabilities. You have to be sporting… however good you are, you may get out for a duck.

• “Even if we lose everything, we should walk out of this and start something else or take a job. And we should think we survived an earthquake. At least wesaved our lives!”

Chender Baljee : “At your service”PGP '72

• Born and brought up in Shimla• His family owns Baljee's, Shimla's most

famous hotel.• Royal Orchid is a Rs 150 crore

hospitality business.• Compete with the big names - the Taj

and Windsor Manors of the world. • In March 2007, Royal Orchid's

revenues stood at Rs125 crores and PAT (profit after tax) at Rs 35 crores.

Statement

• “I never felt disheartened... God has been very kind. This is all part of life.”

• When things are tight you monitor every expense. Only when business is doing well in efficiencies creep in”

Deepta Rangarajan: Order of the phoenix(PGP '89), IRIS

• Deepta Rangarajan was born in Bangalore

• Deepta worked with American Express and CRISIL

• Started IRIS, a financial information management service.

• The idea came from Swami of IRIS• The first office of IRIS was at

Nariman Point

Statement

One has to have a creative streak if one needs to be an entrepreneur. A strong desire to want to create something and to make that happen.

Ruby Ashraf: Million Dollar seamstress (PGP '83) Precious Formals

• Ruby Ashraf is CEO of Precious Formals

• 10 million company in the fashion clothing business

• Ruby turned her hobby of designing clothes into a flourishing business

• Precious Formals is one of the leading suppliers of prom dresses in America.

• Javed is her partner, both in personal and professional life

• The manufacturing was shifted from India to China

Statement

• ‘Karmanyewadhika raste maa phaleshu kadachana’. Kuch toh karte rahna chahiye. At the end of the day, you should feel that I have given my 120% to it. And the day should not be wasted.”

• As an entrepreneur you don’t say that ‘I have to reach a particular place in five years’. You just keep doing whatever you are doing. You have plans, you have goals, and you know a strategy. But still one doesn’t even anticipate that so much work will be done… you just keep doing it.

Conclusion: My Views

• The book is about the people who brought huge progress to India and the world in some cases.

• They are not the ones who gossiping and cursing corruption in the Indian system. They did something about it.

• They influenced Every management student• We should always hungry & foolish to get new learning. • Master point “it always start”.

THANK YOU