One of the biggest problems lenders, investment bankers and advisors face is getting entrepreneurs to set their egos aside while leading their companies through turbulent times. Talk to any major investment banker and you will hear countless stories of how, despite their advice, business owners remained inflexible, refusing to let go of personal ambition in the interest of the company and its stakeholders, and often with disastrous consequences.
(This story appears in the 02 October, 2015 issue of Forbes India. To visit our Archives, click here.)
I have been following the wild movements of Suzlon shares over the last few years. From being a darling of the market it was downgraded to a terminally ill possibly breathing its last. It goes to the credit of Mr. Tulsi Tanti that he has accepted the wise council of banks and financial institutions and has disinvested the myriad companies (some very big names) which were pulling it down. Of course the fund infusion by Dilip Shangvi has contributed very positively to this endeavour of resuscitate the Company. The plans seem to be working and we should soon see a lean and mean Suzlon making shareholders, banks, financial institutions and the country happy.
on Sep 19, 2015THIS IS MOST INFORMATIVE ARTICLE AND MAGAZENE SHOULD PRINT MANY SUCH ARTICLES ABOUT FIRST GENERATION ENTERPREUNERS WHO HAVE WORKED HARD ALL THROUGHOUT THEIR LIFE EVEN BY SACRIFICING THEIR FAMILY LIFE
on Sep 19, 2015