W Power 2024

5 interesting Forbes India must reads for the weekend

Here are some of the best pieces from our writers this week

Published: Nov 17, 2017 07:42:02 PM IST
Updated: Nov 18, 2017 04:01:36 PM IST

5 interesting Forbes India must reads for the weekendImage: Anil Agarwal by Mexy Xavier; Forbes India Leadership Awards group photo by Forbes India Photo Team

We've put together some of the most interesting pieces our writers wrote this week. So sit back and enjoy! 

1) Anil Agarwal: India's minesweeper
Anil Agarwal is the founder and chairman of Vedanta Resources and one of India's richest businessmen, ranking 44th on the 2017 Forbes India Rich List, up from rank 63 and with a net worth of $3.2 billion. But Agarwal isn't interested in the billionaire tag as senior correspondent Varsha Meghani found out as she sat down to chat with him recently at his South Mumbai home. In fact, Meghani finds out - as she's speaking with him for this story about his journey from being a scrap dealer in Kalbadevi to building the Vedanta giant - that in 2014, he had made a pledge to his now late grandfather to give away 75 percent of his wealth. While his grandfather wanted him to give away 90 percent of his wealth, "I negotiated," he told Meghani, and they settled on 75 percent. He has tied up with the Indian government to set up 400 'nandghars' across rural India and pledged Rs 400 crore to modernise kindergartens to provide healthcare, nutrition and pre-primary and primary education. Read all about it here

2) Satyajit Das: Myth-busting the gig economy
At a time when owning assets is a fad of the past and everything is on hire and when two of the most valuable companies in the world don't own their core assets (Uber doesn't own any cars and Airbnb doesn't own the real estate it leases), Satyajit Das, a former banker has a contrarian view: That that the new culture of micro-entrepreneurs will revolutionise the economy is at best misleading, he says, and at worst wrong. Click here to read more

3) Ambani family tops Forbes list of Asia's Richest Families
18 Indian families featured on the recent Forbes list of Asia's Richest Families, with Reliance Industries Limited's Mukesh Ambani's family bagging the top spot for the first time. Ambani dethroned Korea's Lee family but their ealth soared by $11.2 billion to $40.8 billion this year, as shares of Samsung Electronics rose 75 percent over the past year. The collective wealth of Asia's 50 richest families on the list is a record $699 billion, up 35 percent from last year. Click here to read more

4) Millennials are pushing to eat healthier, eco-friendly foods: LT Foods' Ashwani Kumar Arora
LT Foods' MD & CEO Ashwani Kumar Arora talks about how LT Foods, one of India's biggest commodity traders in rice and grains, pulses and beans, morphed into a global food giant on the back of basmati rice and health food. It all stems from Arora's ambition of becoming a global food company and not a commodity trader. The company is now putting its consumers' health on priority. Click here to read more

5) Unitus Seed Fund's investees touch 1.2 million lives in India

The social impact investment firm's first fund, of $23 million, helped 14 investee startups create real jobs, find financial stability and expand the ecosystem. In over four-and-a-half years (from 2013 when Unitus started its investments), its 14 active investee companies have impacted people across 29 states, creating over 6,200 sustainable, quality jobs, our technology editor Harichandan Arakali reports. Click here to read more

In Group Picture: (Standing - Left to Right) Anant Goenka, managing director, CEAT - winner of FILA 2017 GenNext Entrepreneur; Ranu Vohra, co-founder, managing director and CEO, Avendus; UpGrad co-founder Ronnie Screwvala, FILA 2017 jury member; Forbes India Editor Sourav Majumdar; Avinash Kaul, Managing Director, A+E Networks | TV18 and President - Strategy, Product & Alliances - Network18; Vikram Pawah, President, BMW India; Joy Chakraborthy, CEO – Forbes India & President – Revenue, Network18; and Manish Maheshwari, CEO, Network18 Digital

(Sitting - Left to Right) Harsh Mariwala, chairman, Marico - FILA 2017 jury chair;  Suresh Narayanan, chairman and managing director, Nestle India - winner FILA 2017 Best CEO - Multinational; Alluri Indra Kumar, managing director, Avanti Feeds - winner FILA 2017 Value Creator; Y K Hamied, non-executive chairman, Cipla Ltd; Adi Godrej, chairman, Godrej Group - winner FILA 2017 Lifetime Achievement award; Chetna Sinha, founder, Mann Deshi Mahila Sahakari Bank - winner of FILA 2017 Entrepreneur with Social Impact; Hari Mohan Bangur, managing director, Shree Cement - winner of FILA 2017 Entrepreneur of the Year; Abhaya Prasad Hota, former managing director & CEO, National Payments Corporation of India - winner of FILA 2017 Best CEO - Public sector

Post Your Comment
Required, will not be published
All comments are moderated