Rakesh Jhunjhunwala, often compared to Warren Buffett, is one of India’s biggest and most successful traders and investors, with a net worth of $1.95 billion.
A proud Marwari and a family man, Jhunjhunwala has pledged to give Rs. 5,000 crore or 25 per cent of his portfolio value, whichever is less, to charity when he turns 60 in 2020. MARWAR meets the man to learn more about his life and work
When Dilip Piramal, the executive chairman of VIP Industries Ltd, took over the business in 1973, the sales figure was R50 lakh. Under his able leadership, the company became the market leader with the current market capital being R1,500 crore. We meet Dilip, who is also the president of Indian Merchants’ Chamber, and wife Shalini Piramal, the president of Indian Merchants’ Chamber Ladies Wing, to know more about their work and life together.
Dr Desh Bandhu Gupta, founder of Lupin Limited, ranks #14 among India’s richest. However, rankings don’t mean much to Dr Gupta, who, now 78, believes in the ‘dharma of karma’ and is ever ready to take up new projects and social causes that come his way. MARWAR talks to the deeply spiritual man, who started his business with just `5,000.
Weddings in India tend to be elaborate, long-drawn and feisty, but most pale in comparison to Marwari weddings, which are not just big and fat but fabulously so. When there is a wedding in a Marwari household, preparations start months ahead and the entire clan descends for the much-awaited occasion well in advance. The string of rituals and unbridled festivity that follow have to be seen to be believed. MARWAR deconstructs the many ceremonies, traditions and rituals that make up the fabled Marwari wedding.
Among Marwari entrepreneurs, while there are those whose claim to fame is a family business augmented successively over several generations, there are others who
have had nothing to start with except a dream. But sometimes a dream can be worth a million dollars, as it has been with realtor Sushil Mantri of Mantri Developers. Having delivered no less than 6,000 homes and a string of commercial spaces, all within a short span of 13 years, his company’s growth trajectory has been extraordinary.
Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited, has his eyes set on a new milestone—the 2015 Ferrari Challenge Europe Championship. Singhania, who turned 50 this September, speaks to MARWAR about his ardour for motor sport, his ability to balance work and personal life and his need to live in the moment.