Posts Tagged ‘Adani’

Known for his 33-year contribution to IIMA, Bakul Dholakia has 42 years of professional experience. Currently serving as an Advisor to Adani Group, he is a man of finances and economics. Dr. Dholakia is a Gold Medalist from Baroda University and he has a Doctorate in Economics.

THE 42 YEARS

Presently Bakul Dholakia is the financial advisor of Mr Gautam Adani, of the Adani group of industries and The Director of Gujarat Adani Institute of Medical Sciences, Bhuj and Adani Institute of Infrastructure Management, Ahmedabad.
Bakul Dholakia was the ninth director of Indian Institute of Management, Ahmedabad from October 2002 to October 2007. Today, he continues to teach Economics at the institute.
During the tenure, Dr. Dholakia occupied the Reserve Bank of India Chair from 1992 to 1999.
He was Dean, IIM A from April 1998 to June 2001.
He had earlier served as the Chairman of the MBA Program and also as the Chairman of Economics Area.
Prior to joining IIMA, Dr. Dholakia was a faculty at Maharaja Sayajirao University.

JAWDROPPING ACHIEVEMENTS

  • Under the able leadership of Dr. Dholakia, IIM-A went from having 12 partner institutions for student exchange programs to 50 by 2006-07.
  • He initiated the one-year program for management executives and the students in this batch got the highest salaries offered that year, right from the first batch.
  • In November 2003, the Common Admission Test (CAT) papers got leaked for the first time in the 43-year history of the IIMs. IIM-A, which was the coordinator for the exams, came under severe criticism but Dr. Dholakia insisted that there was no way the papers could have leaked from the IIMA, and that is how the investigation got focused on the role of the printing press in Mumbai.
  • Dr. Dholakia made Brand IIMA self-sufficient. The then HRD Minister Mr Murli Manohar Joshi had decided to ask the IIMs to cut their fees by 80 per cent. Dr.  Dholakia opposed this and as a mark of protest, he rejected the Rs 10 crore (Rs 100 million) grant IIM-A got from the ministry.
  • Dr. Dholakia has highly researched areas like energy sector, fishery sector in India, economic planning, public enterprise management and privatization program.
  • He has guided 19 PhD students specializing in Economics, Finance, Business Policy and Public Systems at IIMA.
  • Dr. Dholakia is the author of 12 books, 28 monographs and more than 50 research papers published in professional journals in India and abroad.

 

POSITIONS HELD

  • Since 2005, Dr. Dholakia has been rated as one of the most powerful personalities of Gujarat by various media groups
  • Board Member of Reserve Bank of India Western Area Board from 1993 to 2001
  • He is a Consultant to the World Bank and the Asian Development Bank
  • Government of India appointed Dr. Dholakia as the Chairman of the National Board of Accreditation for Technical Education in India (2005-2008)
  • The Global Foundation for Management Education (GFME), jointly formed by the Associations of American and European Business Schools, has nominated Dr. Dholakia as a Member of the Board of GFME representing Asia
  • Dr. Dholakia has served as the External Director on the Board of public and private sector companies
  • He has worked on Rangarajan Committee on Pricing and Taxation of Petroleum Products (2006) and the Expert Group on Pension Fund constituted by the Government of India (2009)
  • He has also been a member of the Jury for various Corporate Excellence Awards and Selection Committees for CEOs

Apart from all these, Bakul Dholakia is associated with various companies like ONGC, Arvind, Ashima, Torrent Power and Reliance Natural Resources Ltd. 

ACCOLADES

An icon like Dr. Dholakia cannot go unnoticed. He deserves many more awards and recognitions. Some of the bestowed accolades include:

  • Padma Shri for Literature and Education in the year 2007
  • Best Professor Award for his teaching in the Post-Graduate Program at IIMA
  • Bharat Asmita National Award by the Honorable Chief Justice of India in 2008
  • Honored by the Association of Indian Americans in North America (AIANA) at the World Gujarati Conference in New Jersey for his Visionary Leadership and Achievements in business education, in 2006
  • Honored by Global Associations of Business Schools for contribution in the field of management education

Bakul Dholakia is a motivator through his work and values. He is the guiding force behind numerous initiatives and a man of management. His vision and strategic leadership have contributed a lot to the field of education in India.

Read original article at: http://epaper.namoleague.com/EpaperArticle.aspx?title=Man%20Of%20Management:%20Bakul%20Dholakia_726

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From being a University dropout, to having his own University, Gautam Adani is the first billionaire from Ahmedabad, Gujarat. We have heard of success stories of people with the highest degrees, hierarchy of business, monetary power or a healthy circle of friends and family. But if we observe keenly, the supreme success stories are tagged ‘rags to riches’. Similar is the story of Gautam Adani, the 6th richest person in India, with a personal wealth of US $10 billion.

THE WHIZ KID

Gautam Adani was born to a Gujarati Jain family of Shantaben and Shantilal Adani on 24 June 1962, in Ahmedabad. The family had migrated to the city from the smaller place called Tharad in northern Gujarat, in search of means to earn a decent living for their eight children. Needless to say, the monetary situation was very tight. Gautam had a few hundred rupees on hand at the age of 18, when he set out to the land of dreams, Mumbai in search of a living.

Gautam was a student of Seth CN Vidyalaya and later dropped out of the Gujarat University, where he was pursuing second year for his Bachelor’s Degree in Commerce. He started his career as a diamond sorter at Mahindra Brothers in Mumbai. After working for two years, Gautam set up his own diamond brokerage unit at Zaveri Bazaar, the biggest jeweler market of the city. It was here that he earned his first lakh.

THE BIZ KID

In 1981, one year later, his elder brother Mansukhbhai, bought a plastics unit in Ahmedabad and asked Gautam to run it. This marked his advent in the field of global trading as he started importing polyvinyl chloride (PVC), a key raw material for manufacturing plastics.

After the economic liberalization in India, the import duty on various goods was slit. This had a positive impact on the profits of Adani Exports, then the flagship company of Gautam Adani. Today, the Adani Group has transformed into a multibillion-dollar business empire. Under the leadership of Gautam Adani, the Group has emerged as a diversified Energy and Logistics conglomerate with interests in Power Generation & Transmission, Coal Trading & Mining, Gas Distribution, Oil & Gas Exploration, along with Ports, Special Economic Zones et al. The Group also runs the Adani Foundation, started in 1996 as a part of the Corporate Social Responsibility (CSR). The foundation is involved in various activities such as rural development, education and health.

Today, the flagship of his Rs 27,000-crore empire, Adani Enterprises Ltd., has been rated among the 50 top performing Asian companies by Forbes magazine. His three listed companies – Adani Enterprises, Adani Power and Mundra Port and Special Economic Zone have a combined market capitalization that places the group among India’s top 10 business houses.
Listed by the Forbes in March 2011, Gautam Adani is also the proud owner of two private jets – a Beech craft jet purchased in 2005 and a Hawker purchased in 2007.

PERSONAL PROXIMITY

Gautam is happily married to Mrs. Priti Adani, a dentist by profession. She heads the Adani Foundation as the managing trustee. The couple has two sons, the elder one, Karan Adani, is 20 years of age and the younger one, Jeet Adani, is 10 years of age. The elder son is presently pursuing his Business Studies in Management at the Purdue University, USA.
Adani Group has been a generous contributor to Bharatiya Janta Party (BJP). Also, Gautam has proximity to Gujarat Chief Minister Narendra Modi. It was speculated that Adani bid for the Ahmedabad franchise of the Indian Premier League (IPL) cricket tournament at Modi’s urging, though the bid failed.

LESSONS OF SURVIVAL AND SUCCESS

Gautam Adani is an icon of unwavering focus and continuous learning. He has set up milestones in his journey towards a strong and energy-sufficient India. Gautam has proved that the best learning comes from the most unconventional real-life situations, where everyone has to learn to first survive before achieving success.

Read original article at: http://epaper.namoleague.com/EpaperArticle.aspx?title=Self%20Made%20Billionaire%20:%20Gautam%20Adani_660