EDUCATION EVENTS MUSIC PRINTING PUBLISHING PUBLICATIONS RADIO TELEVISION WELFARE

   
f o r    m a n a g i n g    t o m o r r o w
SEARCH
 
 
DEC. 3, 2006
 Cover Story
 Editorial
 Features
 Trends
 Bookend
 Economy
 BT Special
 Back of the Book
 Columns
 Careers
 People

Child's Play
India is the largest kids market in the world. The Rs 20,000-crore market is expected to grow at 25 per cent per annum. The branded kids wear market alone is worth around $600 million and is estimated to touch $850 million by 2010. Over 90 per cent of the Rs 2,500-crore toy market is unorganised, and there is a huge potential for organised players to expand. An analysis.


The Net Effect
The spending on e-governance is expected to cross Rs 4,000 crore this year, according to a survey. This is 30 per cent more than last year's figure of Rs 3,014 crore. By 2009, it will touch Rs 10,000 crore. To put it in perspective, India spends close to Rs 1,00,000 crore on the social sector, and e-governance can speed-up government projects and plug leakages. A look at how the e-governance initiative is spreading in the country.
More Net Specials
Business Today,  November 19, 2006
 
 
A Consummate Deal Maker
 
NAME: R.K. KRISHNA KUMAR
AGE: 68
DESIGNATION: Director
STATE: Tata Sons

Within the Tata Group, R.K. Krishna Kumar is reputed to be the man who is closest to Ratan Tata. Apart from being one of Tata's most trusted lieutenants, he has the "eyes and ears" of the Chairman. Kumar is the consummate deal maker in the group today and has been involved in some of the most significant acquisitions that the Tatas have executed in the recent past-the most recent example, of course, being Indian Hotel's $170-million (Rs 765-crore) buyout of the Ritz-Carlton in Boston. Just a few months ago, Kumar was in the news when Tata Tea acquired a 30 per cent stake in Glaceau for $677 million (Rs 3,046.5 crore). In June last year, when Indian Hotels bought over The Pierre in New York, Kumar was also deeply involved in the deal.

Kumar, who joined the Tata Administrative Service in 1963, has had long stints within the group in the tea, coffee and hotels businesses. KK, as he is referred to by colleagues and close friends, is a fairly low-profile man, though his position in the group is never in doubt. His involvement with the plantation business began in 1982 when he joined the South India Plantation as its Vice President. This was followed by his elevation to Tata Tea in 1988 as Joint Managing Director; he became MD three years later. He then moved to Indian Hotels as its Managing Director.

Kumar was also in the news recently when Infinity Retail, a Tata Sons subsidiary, announced plans to launch a chain of consumer electronics stores under the "Croma" brand name. Those who have known him closely say that he's very persistent and never ever gives up. Apart from this, he is on great terms with his bosses and those who work under him. His management style is about loyalty and he is said to be a great believer in that. In an earlier interview with BT, Kumar had said that the Tata Group was in the process of morphing. "We see cutting-edge investments, be it in Tata Indica, which has cut through the clutter and become a best selling car, or in pushing our boundaries in the tea and coffee businesses. We are transforming industries today," he had said. For now, the deal maker is on the lookout for more deals.

 

    HOME | EDITORIAL | COVER STORY | FEATURES | TRENDS | BOOKEND | MONEY
BT SPECIAL | BOOKS | COLUMN | JOBS TODAY | PEOPLE


 
   

Partners: BT-Mercer-TNS—The Best Companies To Work For In India

INDIA TODAY | INDIA TODAY PLUS | BT EVENTS
ARCHIVESCARE TODAY | MUSIC TODAY | ART TODAY | SYNDICATIONS TODAY