Growth industries have taken the mantle of the country’s development since early 2000s. With the individual achievements and collective efforts of Indian industrialists like Mukesh Ambani, Narayan Murthy and P K Ruia, the economy rose in the right direction. While respectable contributions have been made by various business tycoons, here is a list of 5 personalities who revolutionized the face of their industry with their rigorous efforts:-
He has done complete justice to the legacy of his father, Dhirubhai Ambani. Mukesh Ambani is the Chairman and Managing Director of Reliance Industries limited (RIL). After the merger of Reliance petroleum with Reliance industries in 2002, Reliance became the first company of the private sector to discover India’s biggest natural gas volume at Krishna Godavari Basin. Year 2006 served to be the foundation of their future growth with investments in three sectors: Power Generation, Telecommunications and Financial services. They even launched their retail brand, Reliance Fresh in 2006, which spread across India with over 500 stores in just two years.
Jagdish Rai Sood
He is the man behind the continual success of Eros Group of companies. The realty company is responsible for prominent commercial real estates in the capital of India. The Shangri-La hotel in Connaught place and Eros hotel in Nehru place are the crown jewels of this company. Currently, his sons are also involved with the company and their collective efforts will help Eros Group of companies scale greater heights.
Pawan Kumar Ruia
Labelled as the ‘Turnaround tycoon’, Ruia Group’s story is nothing short of spectacle. When tyres were being imported in India, Pawan Ruia announced his arrival in the market by acquiring Dunlop, a tyre company with no sign of profit in the last seven years. Not only did the company restart its operations, it registered substantial profit number within two years of P K Ruia’s leadership. He achieved a similar feat of success with Falcon Tyres in the subsequent years with his grit and his business acumen. Ruia took a leap of faith by investing almost 200 crore in the revival of these two companies and turned them into success stories. This laid the foundation for the Indian tyre manufacturing industry.
Naresh Kumar Goyal
He is the founder and chairman of Jet Airways. From working at Rs 300 per month to becoming the 16th richest Indian in 2005, he has witnessed a series of ups and downs in his life. Jet airways began operations in the middle of 1993 and he won the Entrepreneur of the Year Award by E7Y in 2000. One of his biggest achievements is the launch of Jetlite, an upgraded version of Air Sahara when they acquired the same for more than $500 million in 2007. According to the statistics, they have hosted over 9 million people with more than 50 aircrafts.
Kuldip Singh Dhingra
Bringing countless homes alive with their colors, Kuldip Singh Dhingra is the Chairman of Berger Paints. The company even established their foreign operations in Russia, Poland, Cyprus, Nepal and Bangladesh. He runs the company with his brother, Gurbachan Singh Dhingra, who serves as the Vice-Chairman of the company. The brothers gained ownership of the company in 1991 and have been giving major conglomerates a run for their money ever since. The Kolkata unit witnessed a profit of Rs 110 crore for the fourth quarter of the financial year ‘17-’18.
With the contributions of these veterans, India has been able to make a mark in major industries on a global scale and will continue to flourish in direct proportion with the companies.