Increased
competition and slipping marketshares are forcing Maruti Udyog to
bring even its superannuated execs out of the woodworks. R.C.
Bhargava, the 69-year-old former MD of Maruti who's now a part-time
director on the board, is chairing various committees and has been
given a mandate to help streamline the company's hr and supply chain
management. "Knowing Maruti and the auto sector well, I can act
as a sounding board for the company. That's my role," maintains
Bhargava, who also runs a management consultancy. The mild-mannered
Bhargava, who was labelled a Suzuki man during his stint at the
top during the mid-1990s, needn't worry about such tags this time
around.
Patch
Up Time
Dogged by controversy, former Britannia Managing
Director Sunil Kumar Alagh has always been a big fan of Jerry
the mouse. "I want Jerry's skills to survive and thrive in any situation,"
he had told BT in an interview in 2002. (He doesn't answer queries
from journalists these days.) Those skills certainly seem to be
helping him tide over the allegations of financial impropriety,
and in the process, smoke the peace pipe with Britannia promoter
Nusli Wadia. According to sources in Britannia, the board which
meets next week to discuss the observations made by C.C Chokshi
& Company, the independent auditors appointed to examine the books,
may take a kinder view on the 55-year-old Alagh's case. It's not
yet clear what aces he has up his sleeve to make Wadia toe a softer
line, but with both parties politically well-connected, mediation
as in the case of l'affaire Bajaj might just save the day. All's
well that ends well.
Lured
Away
Being Karnataka's it secretary is a bit like
coaching the Australian cricket team. With top-flight players lined
up, all you need is a good strategy. The combination results in
World Cup victory (increased exports and investments, in the bureaucrat's
case), and companies queue up to the coach asking him to share his
winning mantra with their managers. The state's suave and soft-spoken
IT secretary Vivek Kulkarni is following in the footsteps
of his predecessor Sanjay Das Gupta, who quit in 1998 to join the
private sector. Kulkarni isn't revealing where he's headed, but
the buzz is he's starting a BPO outfit funded by a clutch of leading
venture capitalists. We aren't sure for how long Rajeev Chawla,
his likely successor, can resist the temptation of a hat-trick.
A
Matter of Trust
When a young Mahesh C. Bagrodia was
contemplating joining MIT after his degree in chemical engineering,
it was G.D. Birla who asked him to get some work experience instead.
In an unbroken association with the Birla group that started in
1956, Bagrodia has worked with four generations of Birlas. Now,
the 66-year-old, regarded as the group's talent incubator, has been
handpicked by K.M Birla, ahead of younger contenders, to be the
MD of Birla Management Corporation, the group's apex decision-making
body. A fitness freak, Bagrodia has three-hour yoga session in the
mornings and workouts at Mumbai's CCI in the evenings. AV Birla
Group's health is no doubt in safe hands.
Ketchup
God
When Pradeep Poddar, 49, took over the
reins at Heinz India, (the ketchup and Complan company) in 1994,
he did something quintessentially Bengali. His company started funding
close to 100 Durga Puja pandals across Delhi, Mumbai and Kolkata.
"We try and bring out philosophical meaning of the pujas and help
people implement it in modern times," explains Poddar, a chemical
engineer from Bombay University. Apart from giving his company more
visibility, sponsoring pujas serve a more personal purpose as well.
"It helps my search for an extension to my spiritual self," says
Poddar. We can't figure out what it means, but surely Poddar needs
all the divine help he can get to make his two-brand company grow.
Turnaround
Master
Even for a man whose CV boasts of turning around
the country's largest mutual fund and restructuring troubled nationalised
banks, this is going to be a tough one. Meleveetil Damodaran,
the 56-year-old CEO of UTI Mutual Fund, has been designated the
interim CMD of the beleaguered IDBI for an unspecified period. Given
IDBI's shrinking balance sheet, rising NPAs and eroding profitability,
Damodaran would know that it won't be easy cleaning up the mess,
even if the Parliament converts IDBI into a bank. Still, given his
track record Damodaran's bosses in North Block are convinced he
could prove to be a great goalkeeper yet again. Meanwhile, the soccer
fan is actually writing a book on the game's great goalees.
-Compiled by T.R. Vivek; contributed
by Moinak Mitra, Roshni Jayakar and Venkatesha Babu
|