For
a man who says he never planned his career, Ajay Banga,
45, hasn't done too badly. Starting out at Nestle in India as
a trainee 25 years ago, Banga, brother of Unilever's Vindi, is
now the head of Citigroup's Global Consumer Group businesses.
That makes him not just the senior-most Indian in the Citi set-up,
but one of its top rainmakers: At $5 billion (Rs 22,500 crore)
a year, his business pulls in a quarter of Citigroup's bottom
line. "I have found it very exciting whenever somebody needed
my help to understand things," says the New York-based Banga,
who likes to teach students. A role model, if there was any.
Rajeev
For Rajya Sabha?
After
UB's Vijay Mallya, Rajeev Chandrasekhar, 42, may become
the second young businessman from Bangalore to make it to the
Rajya Sabha. The man, who recently made Rs 1,200 crore selling
his telecom business to Essar, is all set to get the support of
ruling JD (S)-BJP combine as an independent candidate from Karnataka
to the upper house. "If elected, I will ensure that infrastructure
development gets priority and public private partnership gets
impetus," Chandrasekhar told bt. For that reason alone, Bangaloreans
must wish him all the best.
Pantaloon's
Hot New Arrival
The
hottest new arrival at retailer Pantaloon isn't on the store shelves,
but in its corporate offices in Mumbai: Roopa Purushothaman,
27. Yep, the very same "BRICS" lady from Goldman Sachs will now
be heading Pantaloon's (to be renamed the Future Group) strategic
and economic research unit. Apparently, Pantaloon's Kishore Biyani
met her in India and sold her the job. "Here was this idea of
doing this unique thing by combining economics with social sciences,"
explains the lady, who has resigned from Goldman. Having hired
her, Biyani must now worry about keeping her interested.
Teaming Up For Infrastructure
Finally,
instead of just bemoaning India's poor infrastructure, some corporates
have decided to do something about it. Deepak Parekh's
IDFC and Vinayak Chatterjee's Feedback Ventures were set
to launch an India Infrastructure Initiative when BT went to press
on the 20th. Details weren't available at the time of writing,
but BT understands that the initiative will develop infrastructure
projects through a public-private partnership. Critics of the
initiative (there will be some) may say that India's infrastructure
deficit is too big (by some estimates we need $150 billion or
Rs 6,75,000 crore) to be bridged by something like this. Our advice:
Lend the triple I a hand if you can. Else, shut up.
For Kids' Sake
Gary
Knell loves kids not just because
he's got four of them himself. Rather, as President & CEO
of Sesame Workshop Worldwide, Knell, 50, runs an NGO that creates
content for children with the aim of making them better human
beings. "Through our (TV) programmes, we try to instill social
values in children, an aspect that largely remains ignored in
modern education system," he says. The NGO recently announced
the launch in India of a localised version of its award-winning
series, Sesame Street, which will be on air by the end of this
year on Cartoon Network and pogo. "We hope to make a positive
contribution to the lives of millions of children in India,"
he says. Can't get your kids off TV? Give them Sesame Street to
watch.
Civic Champ
The
government's national Urban Renewal Mission could not have found
a better man for the job than its newly appointed national technical
advisor, Ramesh Ramanathan. For the 42-year-old Yale-grad-turned-Citibanker
and advocate of grassroots democracy, it provides a bigger platform
to improve urban India. "Transparency, greater involvement
and accountability are some of the issues, we will focus on,"
says Ramanathan.
Shine On Him
Here
are three reasons why Sameer Nair's recent elevation as
CEO of Star Entertainment in India should not surprise anyone:
One, on his watch, flagship channel star Plus has remained the
market leader for five years now and others in the bouquet are
also doing fine. Two, two-thirds of Star's Asia revenues ($400
million) come from India. Three, Anil Ambani's Reliance Entertainment
was said to be eyeing him. Get it?
-Contributed by Shalini S. Dagar,
Venkatesha Babu, Ahona Ghosh and Archna Shukla
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