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50        power
          people

The
Highest
Circle
The new club of the power elite, still dominated by moguls
and mavens, is a celebration of India’s creative brio as well
  By S. Prasannarajan

    t is as if only irony alone can bring some cheer to these bleak times.


I   The most feted millionaire today in India and elsewhere is a
    slumdog. Maybe, as in the movie, only wit and perseverance can
    keep you on top of the game at a time when the lights are going out
all over the highest shrines of capitalism. In the gathering darkness,
desperate invocations have a socialist resonance. And suddenly, the
cold breeze of mortality is wafting across the pinstriped republic of
plutocrats, that sovereign state within the state that looked infallible
till the other day. The unthinkable is upon us. The masters of the
universe have feet of clay. Still, despite all the news of Apocalypse
Tomorrow, let’s not be fooled. The traditional relationship between
wealth and power remains intact. The front row of the power elite—
the Establishment—is reserved for people who know how to create
wealth and play with it, no matter even if they are poorer by a few
billions in the wake of the economic downturn. The sweep of their
power, though, is not directly proportional to the size of their wealth;
and that is why the richest is not necessarily the most powerful. Power
is all about the ideas and attitude of the one who wields it. The
business class that still dominates the Higher Circle tells more than a
story of survival; it essays the boldness and ingenuity of a few who still
make a difference to the lives of the rest—for better or worse. Today,
in the age of bail-outs and stimulus plans, they may have realised the
uses of governments but their power is not subordinate to the rulers
of the day. That said, the INDIA TODAY Power List 2009 shows a shift in
hierarchy, a shift that reflects an India where the money is matched
by the mind. India is the stage on which some of the most exuberant
shows on earth are mounted. India is the page on which some of the
finest words are written. And we won’t be surprised if Jai Ho becomes
a global ring tone. Call it the reach of India’s soft power. As the
bad news from the free market multiplies, there is at least something
to be happy about: the cultural capital is not melting down. And this
list, though mostly populated by the usual suspects of moguls and
mavens, is a celebration of India’s creative brio as well. The classical
architecture of the Establishment—built on the triangular structure
of government, the military, and business—hardly exists in democra-
cies. Usurpers and innovators continue to shatter its cosy equilibrium.
The rustle of the following pages carries the power of the few whose
privilege may be exclusive but not eternal.
RATAN
                                         1
                   TATA
                     71, Industrialist (1)


                Never Say Die
                Because in India’s hour of terror, he acted
                more statesmanlike than any politician.
                Because he spoke for the nation in every
                crisis, whether at Singur or when The Taj was
                being attacked in Mumbai, personifying
                India’s fighting spirit by ensuring the hotel
                reopened within a month.
                Because he embodies ethical entrepreneur-
                ship even when being challenged with
                dire circumstances and notwithstanding
                Mamata Banerjee’s opposition, will roll out the
                Nano at the promised price this year.
                Because despite the recession, his group’s
                turnover will touch $100 billion this year,
                and he has not yielded to pessimism, whether
                on Corus or on the Jaguar Land Rover deal.

                the big number A valuation of $10 billion
                for the telecom business when the Japanese
                major DoCoMo paid $2.7 billion for a
                26 per cent stake.

                quotable quote “Some Ms are good
                and some are bad.”
                Y2K Most of the cars that he drives have
                the number 2000.

                hot wheels A Metallic Blue Maserati.
                is known to Take the controls of
                his private jets.
BANDEEP SINGH
50              power
                people
                                               BANDEEP SINGH




          MUKESH
                                    2
          AMBANI
               51, Industrialist (2)




     Wealth Creator
     Because      he did not succumb to
     either corporate fad or government
     pressure, staying away from invest-
     ing in overseas acquisitions and
     sticking to building greenfield
     assets that deliver 20 per cent
     returns on investment.
     Because RIL is likely to end the year
     with a growth of over 20 per cent with
     income rising to over Rs 1,60,000
     crore from Rs 1,39,269 crore last year,
     and at a time when everyone is
     strapped for money, he is swimming
     in nearly Rs 30,000 crore of cash.
     Because his gas fields KG-D6
     will begin production this month,
     saving India over $10 billion in
     foreign exchange.

     agenda 2009 Supporting wife
     Nita in her quest to help Mumbai
     Indians win IPL Season 2 and shift-
     ing into their new home on Alta-
     mount Road before the new year.
     is proud that Low cost gas from
     KG-D6 will bring down subsidies on
     power, fertiliser and LPG costs,
     therefore the fiscal deficit.
     current obsession Preparing
     twins Akash and Isha who are
     leaving to study in the US.

     power moment First Indian to
     meet US President Barack Obama
     within a month of his taking office.

     he believes His dream of farm-to-
     fork revolution will happen next.




34   INDIA TODAY ◆ MARCH 16, 2009
BANDEEP SINGH




     ANIL                   3
     AMBANI
        48, Industrialist (3)




Mr Big
Because he is Mr Big in every
segment he has a presence in, from
power to entertainment, from roads
to coalfields.
Because his influence across the
country’s political spectrum is unmat-
ched and he bagged three big ticket
power projects even with an
unfriendly government.
Because by 2015, he could be the
biggest infrastructure player in India.
Because he is setting up 32,000 MW
of generating capacity, building
500 km of roads, the Delhi Airport
Express Metro line as well as the
Mumbai Metro project.
Because even as many are down-
sizing, he will be adding 16,000
employees this year.
Because his tie-up with Steven
Spielberg and movie production
alliances with Hollywood stars from
George Clooney to Nicolas Cage
make him a formidable name on the
entertainment marquee.
idea of a binge Kesar pista ice
cream on Wednesday nights at
India Gate on the way to the
airport to fly back to Mumbai
on his Global Express.
image makeover Has now
switched from flashy Armani to
conservative suits.
is proud about The 700-bed super
specialty hospital which has been
set up by wife Tina.
is happy about Having improved
his mileage. He now runs 18 km
every day.




                                          MARCH 16, 2009 ◆ INDIA TODAY     35
50              power
                people




                                                                                            SUNIL
                                                                                                                    4
                                                                                            MITTAL
                                                                                                51, Industrialist (4)

                                                                                                                    BANDEEP SINGH




     Ring King
     Because in a business where he is competing          big play for the Indian mind-share with Bharti
     with Tata, Birla, Ambani and Vodafone, he            Airtel Triple Play, Telephone, Broadband and TV,
     is the biggest, and in an era of gloom, has proved   on a single line.
     to be an island of boom.                             Because Best Price, his tie-up with Walmart,
     Because given the lead of 25 million, even if        will take off by June. Because without doubt, he
     Airtel stood still, it would take the nearest        is the face of the new Indian entrepreneur.
     competitor nearly 12 months to catch up.
     Because with annualised revenues of Rs 38,000        little known fact Airtel has over one million
     crore for 2008-09 and profit before tax of           outlets and recharge stores.
     Rs 15,000 crore, Airtel is among the most effi-
     cient money machines and by 2013, Bharti will
                                                          is looking forward to His daughter Eiesha’s
                                                          wedding this summer.
     be a trillion-rupee group.
     Because he is engaged in the transformation of       fitness is Walking for an hour in Lodhi Gardens.
     telecom into a lifestyle business, ranging from
     calls to games, from movies to music, making a       music means Ghazals by Jagjit Singh.

36   INDIA TODAY ◆ MARCH 16, 2009
50              power
                people




                                                                                                            BHASKAR PAUL




                                        Y He Khan
                                         es
          SHAH RUKH
                                    5   Because he is everywhere, at once, as a movie actor, cricket team owner,
          KHAN                          television producer, sometime television host and ambassador of 10 brands,
                        43, Actor (6)   who was the most visible celebrity on TV in 2008.
                                        Because everything he does makes headline news, from a tiff with Salman
                                        Khan to a patch-up with Amitabh Bachchan and his film, Rab Ne Bana Di
                                        Jodi, almost salvaged a studio, Yash Raj Films.
                                        Because he is emerging as a spokesman for Islam at a time when the religion
                                        is under global attack and though Pepsi may have dropped him as their
                                        brand ambassador, young people see him as a Bollywood outsider who made it
                                        to the top through sheer grit.
                                        Because whether it is anchoring a film awards night or promoting his movie
                                        in a reality show, he can be counted on to perform.

                                        funniest thing anyone ever said to him Nice try, sir. An SMS from
                                        someone after one of his movies.

                                        biggest joy Sleeping in bed between his children Aryan and Suhana and
                                        constantly being kicked by them. And watching them ski in Austria.

                                        latest reads The Yuck Book. “My daughter made me read it.” Artemis
                                        Fowl’s The Time Paradox and Daniel Suarez’s Daemon.


38   INDIA TODAY ◆ MARCH 16, 2009
50             power
               people
                                                 AMAR
                                                                                 Man in the Middle
                                                                        6        Because his support to the govern-
                                                 SINGH                           ment makes it compliant to his demands
                                                                                 and the moment he criticised the then fi-
                                                     54, Politician (new)
                                                                                 nance minister P. Chidambaram for in-
                                                                                 flation and Petroleum Minister Murli
                                                                                 Deora for his ‘anti-people’ (read anti-Anil
                                                                                 Ambani) policies, the media assumed
                                                                                 there would be a reshuffle.
                                                                                 Because when the Congress dithered
                                                                                 over seat sharing in Uttar Pradesh, he
                                                                                 worked out a political realignment with
                                                                                 Sharad Pawar over dinner that brought
                                                                                 the Congress to the negotiating table.
                                                                                 exchange programme Substi-
                                                                                 tuted Prakash Karat for the Gandhis as
                                                                                 his new best friends. Says he sees “a
                                                                                 ray of hope” in Sonia and Rahul.
                                                                                 the rethink “I have already said that
                                                                                 1999 was a mistake,” he says, explain-
                                                                                 ing Samajwadi Party’s decision not to
                                                                                 support a Congress government at
                                                                                 the Centre then.

                                                                                 and finally Has stopped wearing his
                                                                                 10-carat diamond ring because “people
                                                                                 said I was wearing it for my Venus
                                                                                 angle but the real reason is that my
                                                                                 wife gave it to me”.
YASBANT NEGI




Heavy Metal
Because in a year when the economy is in a state of shock, the
group is set to double its revenues from last year and with new busi-
nesses, expansion in steel as also the refinery going on-stream, their
revenues will touch a trillion rupees by 2011.
Because while other companies are talking about shelving plans,
the brothers are investing over Rs 15,000 crore in steel alone,
taking their production capacity to
14 metric tonnes per annum, and pledg-
ing over half-a-billion dollars to telecom
operations in Africa.                             SHASHIKANT                 7
Because their businesses span sectors,            & RAVI RUIA
from 1,500 gas stations through which
they will retail petroleum products             65 and 59, Industrialists (12)
across India to Aegis, their BPO opera-
tions with 35,000 employees.

recession mantra Keep your head down, believe in yourself
and your people during tough times.

little known fact With 10,000 employees in the US, Essar Group
is the largest Indian employer there.

smart strategy With a majority of group companies privately-                Ravi (left) and
held, the Ruias are insulated from the vagaries of the stock market.        Shashikant


                                                                                                      MARCH 16, 2009 ◆ INDIA TODAY   39
50             power
               people

                                                                      SAMIR & VINEET
                                                                                                 8
News Worthies                                                         JAIN
                                                                   54 and 42, Media Barons (9)
Because not only do they have the largest selling English
language daily in the country at 32 lakh copies a day, and
the largest English language financial daily selling seven
lakh copies every day, but also their television news chan-
nel has become the highest rated in that genre.
Because they are the largest private players in radio, with
32 stations across India, to which they have added a for-
eign acquisition, Virgin Radio, as well.
Because they are the only ones brave enough to launch a
business channel slam bang in the middle of a recession.
Because with cash reserves of Rs 3,400 crore, they are
best equipped to ride the economic storm.

the big divide The Vice-Chairman now looks after print
and the Managing Director after everything else.

big change Mother Indu Jain no longer visits the office.
the big acquisition Of the soon-to-be-husband of
back-from-Stanford daughter Trishala who has been
ensconced in the fourth floor of Times House.                     Samir (left)
facing the axe The Times of India’s edit page.                    and Vineet
                                                                NARENDRA BISHT                   AMIT KUMAR



BHASKAR PAUL




                                                                      Heir Rising
                                                                      Because despite the economic downturn, the
                                                                 consolidated revenues of the Aditya Birla Group
                                                                 are still $28 billion and he has a footprint that
                                                                 straddles 25 countries.
                                                                 Because his companies have attained global
                                                                 leadership and are among the world’s most cost-
                                                                 efficient copper and aluminum producers.
                                                                 Because a year of quiet consolidation has seen
                                                                 the Group’s retail operations touch 615 super-
                                                                 markets and two hypermarkets.
                                                                             Because thanks to a new will by
                                                                             grandfather B.K. Birla, a large part
                                                   KUMAR      MAN-           of the Rs 5,000-crore empire will be
                                                                       9 inherited by him.
                                                   GALAM BIRLA
                                                      41, Industrialist (5)      biggest stress buster Shooting
                                                                                with his Morini pistol at the
                                                                                Maharashtra Rifle Association’s
                                                                      shooting range in Worli, Mumbai.

                                                                      recession mantra Consistent cost manage-
                                                                      ment is holding the group in good stead today.

                                                                      road ahead Wants to make the Aditya Birla
                                                                      Group a part of the Fortune 150 club by 2014.
50       power
         people

                                                                                               G.M.
Master of All Trades                                                                                                   10
                                                                                               RAO
Because          he is steering the makeover of                                              58, Industrialist (17)
the eponymous GMR Group from a domestic player in
the infrastructure business to a global player with a
presence in seven countries.
Because with the Rajiv Gandhi International Airport in
Hyderabad, completed in a record 30 months in March
last year, he proved India can have world class facilities.
Because even as the Group builds the new terminal at
the Delhi airport, it has ensured an enduring connect
with the Delhi Daredevils in the IPL contest.
big buy Acquisition of 50 per cent stake in Intergen, a
leading global power generation company, at a cost of
approximately $1 billion, making the Group the largest
private power generation company in India.

little known fact A mechanical engineer by training,
he was employed in the Public Works Department of
Andhra Pradesh before he resigned to turn a jute trader.

should be embarrassed about The foray into insu-
rance, creating ING Vysya and finally pulling out of it.

                                                                                                           A PRABHAKAR RAO


AFP


                                                                       The Maestro
                                                                       Because       his recently-acquired hard-
                                                                       ware underlines India’s growing soft power
                                                                       and his twin Oscar wins have made him the
                                                                       country’s golden boy.
                                                                       Because he is every international artist’s
                                                                       first choice for collaboration in India,
                                                                       whether it is Kylie Minogue or Akon.
                                                                       Because he is an amazing amalgam of
                                                                       Indian multiculturalism: born a Hindu, he
                                                                       converted to Islam at his mother’s behest
                                                                       and gave his first public performance in a
                                                                       church as an 11-year-old.
                                                                       Because his music, a blend of raga and
                                                                       reggae, jazz and hip-hop, has opened the
                                                                       world’s eyes to the dazzling possibilities of
                                                                       Indian film sound.
                                                A.R.                   time out None. While the rest of the
                                                                  11
                                                RAHMAN                 world is celebrating his win, he has got
                                                                       back to work, completing his pending
                                             43, Music Director (47)   projects in India for “furious directors”.

                                                                       loves to Surf the Internet on his
                                                                       MacBook and ensures that everyone in
                                                                       his team uses the same too.
                                                                       first stop anywhere Mosque and
                                                                       then an electronics shop. Currently
                                                                       devoted to the Continuum fingerboard.
50              power
                people


Made in Bharat
Because          by launching the Xylo, a             ANAND
                                                                            12
multi-utility vehicle, at the gloomiest point         MAHINDRA
for the automobile industry, he has dis-
played entrepreneurial courage.
                                                        52, Industrialist (14)
Because with market leadership in trac-
tors, utility vehicles, farm equipment, a fi-
nance company that lends to rural
households, an SEZ and a realty division, he
is all set to bring Bharat back to India.
Because his joint venture with BAE
Systems sets him up to be one of the biggest
players in India’s emerging defence sector.
Because he is one of the most articulate
Indian voices at various international
fora, from Aspen to Davos.
is proud that Mahindra Realty is a
debt-free company. And that one in two
tractors in the country carries the
Mahindra badge.

little known fact The 155 mm howitzer,
known to Indians as the Bofors gun, is
now in the Mahindra-BAE stable.

                                                                                                              SHRIYA PATIL SHINDE


NAMAS BHOJANI


                                                                           The Frugal Billionaire
                                                                            Because he steers India’s No. 3 soft-
                                                                            ware services exporter without worrying
                                                                            about the high volatility of the IT industry.
                                                                            Because with a cash chest of $500 million,
                                                                            he is looking for acquisitions abroad and
                                                                            plans to beef up his company’s position in
                                                                            France and Germany.
                                                                            Because in keeping with deep personal
                                                                            values of corporate governance, he ap-
                                                                            proached the Madras High Court to stop
                                                                            the proposed reverse merger between
                                                                            Subhiksha and Blue Green Constructions
                                                                            and Investments, even though his invest-
                                                                            ment firm, PremjiInvest, had bought a 10
                                                                            per cent stake in the retail chain from ICICI
                                                AZIM HASHAM                 Ventures for around $150 million last year.
                                                            13
                                                PREMJI
                                                                            management mantra When you
                                                62, Businessman (11)        over-pay people based on their results, it
                                                                            can generate very distorted behaviours.

                                                                            little known fact He fulfilled his teen-
                                                                            age wish, 33 years on, by completing his
                                                                            electrical engineering at Stanford, in 1999.
50              power
                people
                                                                                Mr Solution
                                                                                Because he is the go-to guy for gov-
                                                                                ernment and business, whether it
                                                                                is Satyam or the troubled US-64.
                                                                                Because in a year of edifices turning to
                                                                                dust, HDFC will close with an estimated
                                                                                growth of 19 per cent.
                                                                                Because he brings credibility to what-
                                                                                ever he does, whether it is putting the
                                                                                nuts and bolts of the new pension policy
                                                                                in place or advising the Government on
                                                                                providing affordable housing to the
                                                                                masses in the country.
                                                         DEEPAK                 Because the rumour is that he knows
                                                                           14
                                                         PAREKH                 someone on a first name basis on the
                                                                                board of every Fortune 500 company.
                                                          64, Banker (15)
                                                                                recession mantra Be cautious and
                                                                                conservative in such times. Don’t focus
                                                                                on market share, instead concentrate
                                                                                on the bottom line.
                                                                                road ahead Officially it’s his last year
                                                                                in office and July onwards he’ll be busy
                                                                                planning his exit from the company.

                                                                                favourite getaways London and
                                                                                New York, where he enjoys a game of
                                                                RAJKUMAR
                                                                                cricket or tennis during the season.
                                                                                                                HEMANT CHAWLA




     The Colors of Money                                                                    RAGHAV
     Because from measuring the heartbeat of the                                                                   15
     Bombay Stock Exchange, his network now
                                                                                            BAHL
     increases the pulse rate of prime time viewers,                                         49, Media Baron (18)
     with his new channel Colors within striking dis-
     tance of the nine-year-long No. 1, Star Plus.
     Because three of the biggest hits of last year,
     Singh is Kinng, Golmaal Returns and Ghajini, were
     owned or distributed by The Indian Film Company.
     Because while his two business channels con-
     tinue to dominate their spaces, he is expanding
     into new media, with Homeshopping18 a Rs 200-
     crore property in its second year, and in.com
     becoming the second largest Indian general inter-
     est portal within six months of its launch.

     the big discovery That he likes watching
     soaps, especially of his own channel. “Balika
     Vadhu for sure, and occasionally, Jaane Kya
     Baat Hui, Uttaran and Jeevan Saathi”.

     wish he could have Kept some extra cash to
     buy media assets which are currently available
     at such mouth-watering discounts.


46   INDIA TODAY ◆ MARCH 16, 2009
50                   power
                     people
                                                                                                          AAMIR
                                                                                                          KHAN
                                                                                                                                    16

                                                                                                               43, Actor (38)
     In His Own League
     Because Jaane Tu…Ya Jaane Na, which he
     produced, and Ghajini, which he starred in, were
     two of the biggest hits of last year, grossing over
     Rs 350 crore at the box office.
     Because he is the Establishment’s first choice, be
     it endorsing the Ministry of Tourism’s Incredible
     India campaign or lecturing at the Lal Bahadur
     Shastri Academy of Administration in Mussoorie.
     Because he is the face of six brands—his last deal
     with Tata Sky wrapped at Rs 14 crore a year.
     Because he acquired the best body in Khandom
     and made the eight-pack part of public discourse.

     currently negotiating The purchase of a
     housing society in Santa Cruz, Mumbai.

     big surprise That he hasn’t signed on anything
     after Raju Hirani’s forthcoming film 3 Idiots and
     has only a cameo as a painter in wife Kiran Rao’s
     experimental film Dhobi Ghat.
     idea of extravagance Gifting a 7-Series BMW to
     his nephew after the release of his movie and hiring
     a helicopter to make it to his wedding anniversary.
                                                                                                                    BANDEEP SINGH




     HEMANT CHAWLA



                                                                       Business As Unusual
                                                                       Because the Jaypee Group’s ambitious Ganga
                                                                       Express-way project across 14 districts of Uttar
                                                                       Pradesh will benefit at least 20 million people.
                                                                       Because it became India’s largest private
                                                                       hydropower producer with the commissioning
                                                                       of the 400 MW Vishnu Prayag station and doubled
                                                                       its cement production capacity from nine million
                                                                       tonnes to 18 million tonnes per year.
                                                                       Because with power, cement, infrastructure, hos-
                                                                       pitality, real estate and education, the Rs 5,500-
                                                                       crore Jaypee Associates has a foothold in 14 states
                                                                       and is the only group in the country that successfully
                                                                       completed two power projects in Jammu & Kashmir
                                                                       in the last decade—Dulhasti and Baglihar.
                                                                       Because he has a great equation with the chief
                                                                       minister of Uttar Pradesh.

                                                                       the turning point The death of his elder
                                                                       brother in 1946 in an accident. Gaur says it
                                               J.P.               17   changed his life, making him a man of steel. He
                                               GAUR                    says he has not cried since.

                                             78, Industrialist (27)    real estate watch A township developed by the
                                                                       Group at Patiali in Etah district, Uttar Pradesh, over
                                                                       a 12-year period, at an investment of Rs 25,000
                                                                       crore. Says it will be bigger than Chandigarh city.


48   INDIA TODAY ◆ MARCH 16, 2009
HARISH             18
                                                                  SALVE
                                                                  53, Advocate, (26)


                                                               The Argumentative Indian
                                                               Because everyone who is in trouble or who believes he
                                                               could be in trouble wants him in their corner, whether it is
                                                               arch-rivals Mulayam Singh Yadav and Mayawati or long-
                                                               time foes Lalit Modi and Subhash Chandra.
                                                               Because there is hardly any corporate case that he is not ar-
                                                               guing and hardly any politician who hasn’t sought his advice.
                                                               Because he usually wins the cases he fights.
                                                               what excites him Taking on a former Pakistani
                                                               minister in a television debate or arguing against OBC
                                                               reservation in Central government educational institutions.
                                                               When Salve talks, people usually listen.

                                                               big acquisition A 7-series BMW, breaking his promise to
                                                               himself that he would “behave”.

                                                               nice guy move Every evening he helps his wife
                                                               Meenakshi set up a stained-glass showroom by typing e-
                                                               mails and suggesting marketing strategies. As he quips,
                                                               “it’s from maximum wages to minimum in the evenings”.

BANDEEP SINGH




                                               BANDEEP SINGH


I Am Legend
Because a chance remark from him on                                                              AMITABH
his blog about Slumdog Millionaire can set                                                                19
off a global controversy.                                                                        BACHCHAN
Because he is an easy target for marginal
                                                                                                       66, Actor (16)
politicians like Raj Thackeray, looking to
establish his political party.
Because after 40 years in the profession,
he still remains at the top of the game, and
is head of a family that includes an articu-
late Rajya Sabha MP, an actor who works
with the best directors in the business, and
another actor who is India’s best-known
international beauty.
Because the family endorses as many as
10 brands combined and whatever he does
sets off a trend, whether it is blogging or
walking the red carpet to support his chil-
dren, be it for Pink Panther 2 or Delhi-6.

favourite pastime Posting blogs
that he discusses at times with his family.

embarrassing moment Walking away
from Rekha at an awards show when it
looked like she was going to kiss him next.
50              power
                people

                                                                                       All the Right Moves
                                                                                       Because he is now Disney’s point man in
                                                                                       India, with one of the world’s most powerful
                                                                                       empires acquiring a 60 per cent stake in UTV
                                                                                       Software and 37.29 per cent in UTV Group.
                                                                                       Because UTV’s presence now spans a world
                                                                                       movies channel to a business news network,
                                                                                       gaming to the Internet, and the group has
                                                                                       emerged as a global business, with 200 of its
                                                                                       1,000 employees based overseas.
                                                                                       Because UTV has shown an unusual flour-
                                                                                       ish in backing sensible cinema, from the
                                                                                       edgy terror thriller A Wednesday to the cult
                                                                                       youth film Dev D.
               RONNIE    20                                                            acquisition A third gaming company
               SCREWVALA                                                               and a dream home in Breach Candy that
                                                                                       he and his wife worked on for five years.
               51, Media Baron (24)
                                                                                       is reading Billion-Dollar Lessons by Paul
                                                                                       B. Carroll and a lot of scripts.
                                                                 SHRIYA PATIL SHINDE




     Rebuilding India
     Because after reorganising their
     infrastructure entity, all projects are
     on track even in the current downturn,
     and they have refurbished the domes-
     tic terminal at Mumbai airport, begun
     work on a new terminal as well as kick-
     started the 540 MW Goindwal Sahib
     power project in Punjab.
     Because they have entered into a new
     arena by signing up a greenfield port
     project in Gujarat and have opened a
     new luxury hotel in Chennai.
     Because GVK Bio is poised to become
     a leader among biotechnology compa-
     nies across the world.

     signature look Canali suits and
     Versace ties for GVK.

     favourite vacation spot London
                                                   G.V.K. & SANJAY 21
     for GVK, Maldives for Sanjay.                 REDDY
     unusual hobby Gardening for GVK              72 and 44,Industrialists (23)
     and deep-sea diving for Sanjay.
     diet secret Regular diet coupled
     with rigorous exercise for GVK;
     Sanjay generally avoids carbo-               Sanjay (left) and
     hydrates and desserts at night.              G.V.K. Reddy
                                               A PRABHAKAR RAO




50   INDIA TODAY ◆ MARCH 16, 2009
50       power
         people

The First Mogul
Because he is the elder statesman among
media moguls in the country and has a finger in
every media pie, from satellite networks to
cable distribution, from DTH to print.
Because he never gives up and has taken his bat-
tle with BCCI on the Indian Cricket League to the ICC.
Because he has friends and well-wishers across
all political parties and got the President of India
to inaugurate his pet project, The Global Pagoda,
which has the Buddha’s relics in the world’s
tallest pillarless dome.
Because Zee TV may be No. 3 in the Hindi en-
tertainment channels but his regional business,
from Marathi to Bangla, is growing fine.

new passion Interfaith communication,
which he has made a personal mission by
co-founding the Global Foundation for
Civilisational Harmony.
                                                                      SUBHASH
style statement Maintains a                                                          22
distinctive lock of undyed white hair.
                                                                      CHANDRA
is passionate about Vipassana. Attended                          57, Businessman (20)
a programme in 1990, does a 10-day course
every year and practices for 45 minutes daily.
                                                         MANDAR DEODHAR


                                                   AFP




                                                         Batsman Forever
                                                         Because his word is the gold standard on any cricket issue.
                                                         Because in his 20th year in cricket, he is not only his sport’s Peter
                                                         Pan but also owns all the records that matter, most runs and most
                                                         centuries both in Tests and ODIs.
                                                         Because when Adam Gilchrist criticised him in his book, a
                                                         billion people took offence and the Australian cricketer found his
                                                         column on an Indian website dropped overnight.
                                                         Because when Madame Tussauds measured him for a wax
                                                         exhibit last month, India wondered what took them so long.

                                                                                power tribute Uber-luxury watch-
                                                                                makers Audemars Piguet’s limited edition
                                                  SACHIN                        Sachin Tendulkar chronograph to mark
                                                            23                  his 35 Test centuries, releasing just 350
                                                  TENDULKAR
                                                                                pieces, with the colours of the Indian flag
                                                  35, Cricketer (25)            on the strap and his jersey number, 10,
                                                                                bigger and brighter than the rest.

                                                         also known as Master Blaster to the outside world, he is
                                                         addressed as paaji (elder brother) by his younger teammates.

                                                         guest appearances He shows up at his children’s school
                                                         sports day if he is in town, usually as chief guest.
50       power
         people
                                                                                   SANDEEP SINGH


                                                                                                   DAYANIDHI
                                                                                                   MARAN
                                                                                                               SIPRA DAS




   KALANIDHI &                            24
   DAYANIDHI MARAN
  43 and 42, Media Baron and MP (31)

Tamil Tigers
Because       the brothers were able
to manoeuvre out of a serious stand-
off with their grand uncle M.
Karunanidhi and re-establish their
stranglehold on the satellite and cable
business in the south.
Because the powerful presence of
one brother in mass media and the
other in party politics enables them to
pump prime their business.
Because they are expanding in every
arena, with four hit movies from their
newly launched film production com-
pany, and more niche additions to
their 20-channel Sun TV network.

cool new toys 3G iphone and Mac Book
Air for Kalanidhi; Canon EOS-1D Mark III
camera for Dayanidhi.

centre of gravity Daughter Kaviya for
                                                          KALANIDHI
Kalanidhi.                                                MARAN


                                                                   BANDEEP SINGH


Terra Pharma                                                          SHIVINDER
                                                                      MOHAN AND
                                                                      MALVINDER
Because even as the world economy crumbles around                     MOHAN SINGH
them, they have proved to be the smartest and the lucki-
est, selling a majority stake in Ranbaxy for Rs 10,000
crore, while retaining control of the company.
Because Malvinder Mohan Singh got the Japanese giant
Daichii-Sankyo to complete the acquisition of a 63.92 per
cent stake after the global meltdown late last year.
Because Shivinder Mohan Singh’s Fortis Healthcare
emerged from years of losses to post a 21 per cent increase
in consolidated total income in the last quarter.

MMS and SMS That’s what friends call them. They
are both vegetarians, teetotallers, and devout followers of
the Radha Soami Satsang in Beas.
yes it’s true To avoid being dressed identically, turbans
included, the brothers call
each other every morning.
pay your way The brothers           MALVINDER MOHAN &     25
pay to use their own jets be-       SHIVINDER MOHAN SINGH
cause ‘it’s a business venture,
not a lifestyle statement’.                    36 & 33, Industrialists, (New)
50        power
          people

                                                                   M.S.
                                                                                       26
                                                                   DHONI
                                                                     27, Cricketer, (35)

                                                              Captain Cool
                                                              Because under his leadership, India won the
                                                              T20 World Cup and he is now captain of India in
                                                              all three forms of the game.
                                                              Because he has become the country’s most
                                                              sellable cricketer after Sachin Tendulkar, endors-
                                                              ing 15 brands, from clothes to cold drinks.
                                                              Because he is nobody’s puppet, ticking off the
                                                              national selectors this season for leaks from the
                                                              selection meeting.
                                                              touch of class Won heaps of praise for his
                                                              graciousness during the retirements of Anil Kumble
                                                              and Sourav Ganguly last season.
                                                              latest acquisition A Hummer to add to the four
                                                              cars and 17 high-speed motorcyles already parked
                                                              in his garage in Ranchi.
                                                              smart move Broke away from the sports mar-
                                                              keting agency that had signed him on, to join a
                                                              new company, Mindscapes India.
REUTERS
                                                                                                        UMESH GOSWAMI




          K.V.
                            27
          KAMATH
             62, Banker (13)


      Banking on Trust
     Because         a lesser mortal would not have been
     able to protect ICICI Bank from the heat of the
     global meltdown.
     Because everyone from Prime Minister Manmohan
     Singh to P. Chidambaram to Montek Singh Ahluwalia
     spoke up for him during the crisis and every corporate
     chieftain worth his market cap vouched for the in-
     tegrity of the bank.
     Because ICICI is the largest private insurance
     company, the topmost private equity player, the num-
     ber one online broking outfit and the leader in retail
     credit, with total assets of Rs 3.74 lakh crore and a
     group income of Rs 62,000 crore.

     milestone 2009 Will be chairman from May 1, but
     his salary will take a big hit.

     is sure to be Following tennis and F1 racing.
50              power
                people
                                         H.K.RAJASHEKAR




                                                                                               NANDAN
                                                                                                                  29
                                                                                               NILEKANI
                                                                                              53, Entrepreneur (New)




          RAJINIKANTH               28
                                                          GIREESH GV
                      58, Actor, (28)



     Big Brother                                                    ELATTUVALAPIL
                                                                                  30
     Because the one-time carpenter and                             SREEDHARAN
     conductor has fanatics extending from Japan
                                                                          76, Engineer (19)
     to Korea, and his 38,000 registered fan clubs
     around the world with an estimated 19 lakh
     members are waiting for him to start his own
     political party.
     Because at Rs 26 crore a film, he’s the most
     highly paid star in southern India.
     Because every time he stars in a flop,
     such as Kuselan, he compensates his
     distributors and bounces back with a
     big budget blockbuster, such as Shankar’s
     Rs 150-crore film, Endiran.
     Because no protest or celebration in Tamil
     tinseltown is complete without his presence.

     spiritual guru Swami Satchidananda of
     Rishikesh, on whose call he made a movie,
     Baba, before the Swami’s death in 2002.
     unforgettable number 10A, the route
     number on which he was a conductor in his
     early days in Bangalore.

      his political icon Former Singapore
      premier Lee Kuan Yew.
                                                          BANDEEP SINGH

60   INDIA TODAY ◆ MARCH 16, 2009
The Thinkmaker                                                                    Land Lord
Because the chairman of the $4.5 billion                                          Because          despite the economic
IT behemoth wrote a bestselling book of ideas,
                                                                                  downturn, he’s still one of the largest
Imagining India, and has become an articu-
                                                                                  private landholders in the country, with
late catalyst of change, who’s embedded in
                                                                                  751 million square feet of real estate
top government councils at home and in in-
                                                                                  waiting to be built up.
fluential economic forums globally, repre-
                                                                                  Because he may have lost $27.2 bill-
senting the voice of India.
                                                                                  ion since March, but his fortune is still
Because he’s the only Indian on the founda-                                       valued at $7.8 billion, down from $30
tion board of the World Economic Forum, is a
                                                                                  billion last year.
member of the prestigious Petersen Institute
of International Economics, and was again                                          how’s the loss affecting him?
the solitary Indian to have spoken at the invi-                                    “It’s only paper,” he says.
tation-only Technology Entertainment and
Design (TED) in California.                                                        recession index Hasn’t bought any-
Because he’s welcomed not just on the prime                                        thing new to wear in the past four years
minister’s council at the Centre but on numer-                                     because he realised he hadn’t worn 60
ous committees of a rival state government.                                        per cent of the clothes in his wardrobe.

awkward moment Wife Rohini insists                                                 big mantra Prosperity is the time
on asking questions when he is delivering a                                        for austerity. Don’t wait for adversity.
lecture in public.                                          K.P.
                                                                             31    favourite haunts Harry’s Bar and
                                                            SINGH                  Groucho Club, London, and Breeze, a
proud moment When wife Rohini set up
the Arghyam Foundation with a corpus of                   77, Businessman (10)     52nd floor rooftop Bangkok restaurant.
Rs 150 crore to focus on water management.        BANDEEP SINGH




                                                  Cruise Control
                                                  Because he will always have an
Truth Mascot                                      opinion and people who matter will
                                                  always lend an ear, especially now
Because he’s the last word on objec-              that he has a bigger pulpit in the
tivity, whether it’s the Hyderabad Metro          Rajya Sabha.
project or the airport modernisation in           Because the Bajaj Group revenues
Delhi and Mumbai.                                 are revving up to cross Rs 20,000
Because he has made the Capital appear            crore this year and Bajaj Auto, with
a world-class metropolis, making the Delhi        over Rs 7,000 crore in cash reserves,
Metro Rail Corporation (DMRC) the most            is as good as a bank.
punctual metro transport in the world,            Because finally there is peace in
with 99.5 per cent punctuality last year.         Hamara Bajaj—he not only settled
Because DMRC has helped save over 700             the Bajaj family dispute but also
lives till date by avoiding road accidents,       put in place a succession plan,
has reduced consumption of petrol, diesel         with a business each for sons Rajiv
and CNG by 1,19,025 tonnes and saved 66           and Sanjeev.
minutes every day per commuter.                   Because Bajaj Auto owns 30 per
                                                  cent of Austrian performance bike
strange,but true Hasn’t taken a vaca-
                                                  maker KTM.
tion in 20 years. His only break was taking
a few days off when travelling to England         uncanny knack To be at the
on work, to spend time with his son.              right place at the right time. On
                                                  September 16, the day after Wall
is particular about Often swipes his fin-         Street collapsed, he was attending            RAHUL
ger along the floor of the metro train as                                                                              32
                                                  the NYSE advisory board meeting.              BAJAJ
well as the platform to check for dirt.
                                                  little known fact Bajaj has been        70, Industrialist (36)
                                                  a debt-free company for 30 years.
                                                                                          HEMANT CHAWLA



                                                                                                          MARCH 16, 2009 ◆ INDIA TODAY   61
50
BANDEEP SINGH
                power
                people                                                                                 RAJENDRA K.
                                                                                                       PACHAURI
                                                                                                                                 33

                                                                                                    68, Environmentalist (33)
                                            Global Warmer
                                            Because global warming is still the hottest subject around the world
                                            and he remains one of its most visible proponents after being re-elected
                                            chairman of the Intergovernmental Panel on Climate Change.
                                            Because he is a key adviser to the Central Government on the issue and
                                            is equally sought after by state chief ministers.
                                            time off Has just completed a novel, Return to Almora.
                                            tough guy talk “Nothing that the world is doing today is sustainable.
                                            We are going to cause enormous hardships for all species in the
                                            planet. We need to mobilise the youth, that’s our only hope.”

                                            big acquisition The BlackBerry 9000.

                                                                                                                        PURUSHOTTAM DIWAKAR




    King of Bling
   Because       whatever he does gets talked about,
   whether it’s the good times or the bad times.
   Because he’s still the second largest liquor baron in
   the world, selling nearly three million bottles a day.
   Because regardless of the losses, Kingfisher has
   emerged as the leading player in terms of market
   share after the merger with Deccan.

   finds time for Personally supervising the scan-
   tily clad model shoots on the Kingfisher calendar.

   can he explain Spending Rs 8 crore on Kevin
   Pietersen for a team that can’t seem to win.
                                                                                                 RAMESH & SUDHIR
                                                                                                                 35
                                                                            SUDHIR
                                                                                                 AGARWAL
                                                                            (LEFT) AND
                                                                            RAMESH
                                                                                                 66 and 41,Media Barons (37)


                                                                           No Full Stops
                                                                           Because the Dainik Bhaskar Group has a presence
                                                                           in seven states, accounting for 30 per cent of the
                                                                           country, and continues to expand, adding a Bangalore
                                                                           edition to the Mumbai DNA and a Hindi business
                                                                           daily, Business Bhaskar.
                                                                           Because the group along with DNA is slated to close the
                                                                           financial year with Rs 1,400 crore in revenue.

                                                                           big discovery The regional market is more valuable.
                                                                           Metros only account for a fraction of the population.

           VIJAY                                                           recession mantra Good times are boring and it’s the
                            34                                             tough times that spur good thinking.
           MALLYA
                                                                           road ahead The company will focus on cutting costs
                                                            SHEKHAR GOSH




         53, Industrialist (8)                                             and consolidating its position in their existing markets.
BHASKAR PAUL



                                                                Fast and Furious
                                                                Because Season II of the IPL promises to be bigger,
                                                                bulkier and better, establishing the potent mix of big
                                                                business, Bollywood and India’s most powerful sport.
                                                                Because he’s forever controversial, whether it is
                                                                for his proximity to politicians or his confrontationist
                                                                stand against cricket’s Old Powers.
                                                                Because IPL’s success has “persuaded” otherwise
                                                                reluctant nations into agreeing to a window for a T20 club
                                                                event to keep their players happy.
                                                                reality check His mentor Vasundhara Raje lost the
                                                                Rajasthan Assembly elections and he was defeated in
                                                                the Rajasthan Cricket Association’s elections.
                                                                management style Micro. Is particular about who
                                  VENUGOPAL 36                  gets VIP tickets, mostly allocating them himself.
                                  DHOOT                         wants IPL to become Like F1, Wimbledon, Super Bowl.
                                55, Industrialist (39)
                                                                                              loves to Compose what
                                                                                              people say are the longest
The Right Connect                                                   LALIT                     emails ever received
                                                                                       38     from a BlackBerry.
Because despite the slowdown, he is expanding in                    MODI
every direction with Videocon launching its own DTH
service in April, mobile telephony service by July,               45, Businessman (29)
kickstarting 10 oil-fields in Brazil with Petrobras, invest-
ing in coal mines in Indonesia and building three power
projects in West Bengal, Gujarat and Chhattisgarh.
Because the price warrior of the consumer electronics
business will tote up group revenues of over Rs 19,000
crore this year, with Next becoming India’s largest
electronics goods retail chain with 1,100 stores, and
investments in the new big thing, energy.
Because he has a phalanx of stars at his beck and call.

magic moment When Prime Minister Manmohan
Singh called Videocon the proud face of Global India.

hidden talent Can recite shlokas and expound on
the Bhagavad Gita. Also plays the flute.
                                                                                                              PURUSHOTTAM DIWAKAR

YASBANT NEGI




                                                               Telly Yogi
       BABA                                                    Because his followers continue to grow, as he acquires
                          37
       RAMDEV                                                  the Aastha channel that gets him 20 million viewers daily,
                                                               conducts international camps and takes off on yoga cruises
         35, Yoga Guru (46)                                    at $1,000 ticket a head.
                                                               Because he is the richest yogi, having collected Rs 500
                                                               crore so far through his camps, and has celebrity fans
                                                               ranging from Lalu Prasad Yadav to Kangna Ranaut.

                                                               his latest conquest The IIM-A, where he talked about
                                                               Indian values in modern management techniques.
                                                               believe it or not Insists breathing exercises can rege-
                                                               nerate destroyed cells and help the HIV-positive recover.
50               power
                 people
                                                                                                 UMESH GOSWAMI




                                                                                                     Mr Prudence
      MAHENDRA MOHAN &                                                                               Because he is poised for a shot
                       39
      SANJAY GUPTA                                                                                   at the leadership of the financial
                                                                                                     sector as the titans ride into the
          69 and 46,Media Barons (45)                                                                sunset, with Kotak Bank being the
                                                                                                     fourth largest bank after HDFC,
                                                                                                     ICICI and Axis, making it the largest
Leaders of the Pack                                                                                  promoter-owned bank.
Because 21 million people read                                                                       Because despite the global reces-
Dainik Jagran every day across 11                                                                    sion, his bank boasts of a capital
states and Jagran Prakash is a                                                                       adequacy ratio of 21 per cent, and
listed media company with quality                                                                    in the shortest time, he has
market performance.                                                                                  straddled every slice of the financial
Because despite being a Rajya                                                                        sector to emerge as a conglomerate
Sabha member, Gupta Senior’s clout                                                                   with 18,000 employees and assets of
extends across parties.                                                                              over Rs 40,000 crore.
                                                                                                     started life By walking around
different strokes Gupta Senior                                                                       Mumbai’s financial district,
prefers domestic destinations                                                                        helping traders discount bills.
for holidays, while the nephew
is a globe-trotter.                                                                                  new obsession Applying the
                                                                                                     ‘black swan’ theory on
business mantra While                                                                                current events.
Mahendra gives full credit to the
team for making the newspaper an                                                                     little known fact He is a
influential opinion-maker, Sanjay                                                                    professionally trained sitar player.
is a man of few words.

                                                                                 BANDEEP SINGH




                                             Try Flier
                                             Because he is trying to weather
                                             the storm in aviation by transitioning
                                             from the traditional orthodox revenue
                                             model to an innovative one—wet-leasing
                                             his aircraft to other international airlines.
                                             Because his airline still leads the pack
                                             with a market share of over 25 per cent
                                             and more than eight lakh passengers are
                                             on board across 400 flights each day.
                                             embarrassing moment Fired 1,900
                                             of his staff, then took them back amidst
                                             tears, calling them his ‘family’.
                                             looming air pocket Nearly 30 per
                                             cent of an airline’s operational costs are
                                             pegged against the dollar.

                                              laughter therapy “CEOs are
                           NARESH      40     handsome, entrepreneurs are ugly”.                          UDAY
                                                                                                                            41
                           GOYAL                                                                          KOTAK
                                              big achievement Jet is cutting costs
                      60, Businessman (34)    in the back-end without compromising                         49, Banker (New)
                                              on its renowned in-flight service.
BHASKAR PAUL




64    INDIA TODAY ◆ MARCH 16, 2009
50              power
                people
                                                              A PRABHAKAR RAO


Brand Width
Because despite its rapidly slipping ratings, NDTV
24X7 remains a strong news brand and he is still its most
credible anchor.
Because he’s a great media survivor in spite of a consol-
idated loss of Rs 120 crore last year in his entertainment
and news business.
show of force Threatening legal action against a blog-
ger for his comments on how star editor Barkha Dutt
covered the 26/11 terror attacks in Mumbai.

moment of truth Letter to staffers admitting the organi-
sation has “substantial flab” and “too many floaters”.

what they need
According to the letter to
their staff, more ideas on
                                 PRANNOY &             42
how to cut costs.                RADHIKA ROY
                                                                                               PRATHAP
                                59, Media Barons (22)                                                              43
                                                                                               C. REDDY
                                                                                                    76, Doctor (42)
                                                              Health Effect
                                                              Because he is the largest private health care
                                                              provider in India and plans to ramp up infrastructure to
                                                              3,000 hospital beds, with 1,400 beds in Mumbai alone.
                                                              Because Apollo has fetched a record five global JCI ac-
                                                              creditations for developing world class hospitals with
                                                              top patient safety standards.

                                                              unusual hobby Wandering in the mango gardens in
                                                              his native village, Aragonda, 150 km from Chennai.

                                                              kinship factor Though none is a doctor, all his four
                                                              daughters—Preetha, Sunitha, Shobana, Sangeeta—two
                                                              adult grandsons and two adult granddaughters are in-
ASHOK DAMODARAN
                                                              volved in managing the Apollo Group.
BANDEEP SINGH




                                   Motorcycle Guru
                                   Because      he’s the latest in a long line of Indian mystics capturing the
                                   imagination of the West with 100 yoga centres around the world.
                                   Because he spoke at the World Economic Forum in Davos three years in a row.
                                   Because he makes a combination of yoga, green activism and spiritual therapy
                                   seem as elevating as it is hip.

                                   style statement Green. Has initiated Project Green Hands, a move to increase
                                   the green cover of Tamil Nadu by 33 per cent in the next 15 years.
                                                                      power point Endorsed by M. Karunanidhi, his
                                                                      followers range from Nandita Das and Prahlad
                                      JAGGI                  44       Kakkar to Microsoft’s Ravi Venkatesh.
                                      VASUDEV
                                                                      likes to Go for long rides on his BMW and
                                      52, Guru (New)                  Harley Davidson bikes, gifted by devotees.
PARMESHWAR
              45
   GODREJ
     63, Social Arbiter (40)

Haute Hostess
Because        she’s the original style
icon who organises charity events
with as much panache as she does
black-tie dos for the Moet set.
Because neither Bollywood’s best
nor Hollywood’s hautest refuse to
support her Heroes Project for
AIDS awareness.
Because she’s one of the few people
on intimate terms with both the
Ambani brothers.

little known fact That she is deeply
spiritual and visits a temple in Patiala
with the family every birthday.

the big acquisition Her son’s re-
turn to India, after many years, with
her daughter-in-law Karla.

                                                                          BANDEEP SINGH

BANDEEP SINGH




                                           RAJEEV        46
                                           CHANDRASEKHAR
                                                  45, Entrepreneur (50)


                                     Straight Talker
                                     Because he has built access across
                                     the political spectrum with a mix of busi-
                                     ness, politics and media interests.
                                     Because he sits pretty both in Parlia-
                                     ment and atop Rs 2,500 crore in his ven-
                                     ture fund.
                                     Because he, along with Star TV, con-
                                     trols the second largest television net-
                                     work in the South.
                                     Because he takes on the Government
                                     over economic and security issues.
                                     the drive His fleet has Ferraris, BMWs
                                     and India’s largest collection of Land Rov-
                                     ers. His favourite is a red Lamborghini.

                                     the digital statement He asked his
                                     Facebook friends if he should join a po-
                                     litical party. The most practical advice
                                     came from Omar Abdullah.
50              power
                people
         Champion of the Board
          Because he is world champion and one-man revolution all rolled into
          one, and is India’s highest-paid sportsperson, with the appearance fees ru-
          moured to be $250,000 depending on who wants him to play.
          Because he is the face of the NIIT Mind Champions Academy that has taken
          chess e-learning in schools from 1,605 clubs in 2003 to 6,551 clubs and 7.4
          lakh members in 2008.
          power move Winning his third world
          chess championship in Germany.                                    VISWANATHAN              47
          little known fact His passion for rock                            ANAND




                                                                                                                                                    YASBANT NEGI
          music—from the Rolling Stones to U2.                             38, Chess Grandmaster (New)

                                     NARENDRA BISHT



                                                       Medicine Man
                                                                                                            DEVI                  48
                                                       Because        he has taken to heart
                                                                                                            SHETTY
                                                       the provision of affordable health
                                                       care by creating large health cities                     56, Doctor (New)
                                                       in seven cities.
                                                       Because he conceptualised the
                                                       world’s cheapest health insurance
                                                       programme, Yeshaswini Micro
                                                       Health Insurance, that covers three
                                                       million beneficiaries in Karnataka
                                                       alone, at Rs 5 a month each.

                                                       big fight Practices a martial art
                                                       known as Budokan Karate.

                 N.K.                                  big number He has performed
                                    49                 more than 10,000 heart opera-
                 SINGH                                 tions with one of the highest suc-
                          68, MP (New)                 cess rates worldwide.
                                                                                                                                       GIREESH GV

                                                      SUMEET INDER SINGH


     The Sophisticate
                                                                                                 The Write Stuff
     Because he is much sought after
     for his eclectic intellect and has the                                                      Because he is one of the
     ability to bring together at dinner,                                                        few independent intellectuals in India,
     whether at his Vasant Vihar home or                                                         rated 44 in a list of the 100 most influ-
     at Davos, billionaires, international                                                       ential intellectuals worldwide last year
     leaders, think-tank types and multi-                                                        by Foreign Policy magazine.
     lateral agency chiefs.                                                                      Because he makes academics look
     Because this was the year he was                                                            cool, writing with as much ease on Ve-
     finally elected to the Rajya Sabha,                                                         rrier Elwin as on cricket.
     thanks to Nitish Kumar.                                                                     Because he’s not afraid of taking an
                                                                                                 unpopular stand—even if it is urging
     cool buddies George Yeo to Nich-                                                            Arundhati Roy to stick to writing for
     olas Stern, L.N. Mittal to Mukesh Am-                                                       backing the Narmada Bachao Andolan.
     bani, Sunil Mittal to Anand Mahindra.
                                                                                                 writing style Disciplined. Every day
     pet project Preparing a blueprint                           RAMACHANDRA 50                  from 9 a.m. to 1.30 p.m.
     for the revival of Nalanda University.                      GUHA                            next move A prequel to India
     his music Listening to Kishori Am-                                    51, Historian (New)   After Gandhi about the first half
     onkar on his Bang & Olufsen system.                                                         of the 20th century.

68   INDIA TODAY ◆ MARCH 16, 2009

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Indias top 50 powerful people

  • 1. 50 power people The Highest Circle The new club of the power elite, still dominated by moguls and mavens, is a celebration of India’s creative brio as well By S. Prasannarajan t is as if only irony alone can bring some cheer to these bleak times. I The most feted millionaire today in India and elsewhere is a slumdog. Maybe, as in the movie, only wit and perseverance can keep you on top of the game at a time when the lights are going out all over the highest shrines of capitalism. In the gathering darkness, desperate invocations have a socialist resonance. And suddenly, the cold breeze of mortality is wafting across the pinstriped republic of plutocrats, that sovereign state within the state that looked infallible till the other day. The unthinkable is upon us. The masters of the universe have feet of clay. Still, despite all the news of Apocalypse Tomorrow, let’s not be fooled. The traditional relationship between wealth and power remains intact. The front row of the power elite— the Establishment—is reserved for people who know how to create wealth and play with it, no matter even if they are poorer by a few billions in the wake of the economic downturn. The sweep of their power, though, is not directly proportional to the size of their wealth; and that is why the richest is not necessarily the most powerful. Power is all about the ideas and attitude of the one who wields it. The business class that still dominates the Higher Circle tells more than a story of survival; it essays the boldness and ingenuity of a few who still make a difference to the lives of the rest—for better or worse. Today, in the age of bail-outs and stimulus plans, they may have realised the uses of governments but their power is not subordinate to the rulers of the day. That said, the INDIA TODAY Power List 2009 shows a shift in hierarchy, a shift that reflects an India where the money is matched by the mind. India is the stage on which some of the most exuberant shows on earth are mounted. India is the page on which some of the finest words are written. And we won’t be surprised if Jai Ho becomes a global ring tone. Call it the reach of India’s soft power. As the bad news from the free market multiplies, there is at least something to be happy about: the cultural capital is not melting down. And this list, though mostly populated by the usual suspects of moguls and mavens, is a celebration of India’s creative brio as well. The classical architecture of the Establishment—built on the triangular structure of government, the military, and business—hardly exists in democra- cies. Usurpers and innovators continue to shatter its cosy equilibrium. The rustle of the following pages carries the power of the few whose privilege may be exclusive but not eternal.
  • 2. RATAN 1 TATA 71, Industrialist (1) Never Say Die Because in India’s hour of terror, he acted more statesmanlike than any politician. Because he spoke for the nation in every crisis, whether at Singur or when The Taj was being attacked in Mumbai, personifying India’s fighting spirit by ensuring the hotel reopened within a month. Because he embodies ethical entrepreneur- ship even when being challenged with dire circumstances and notwithstanding Mamata Banerjee’s opposition, will roll out the Nano at the promised price this year. Because despite the recession, his group’s turnover will touch $100 billion this year, and he has not yielded to pessimism, whether on Corus or on the Jaguar Land Rover deal. the big number A valuation of $10 billion for the telecom business when the Japanese major DoCoMo paid $2.7 billion for a 26 per cent stake. quotable quote “Some Ms are good and some are bad.” Y2K Most of the cars that he drives have the number 2000. hot wheels A Metallic Blue Maserati. is known to Take the controls of his private jets. BANDEEP SINGH
  • 3. 50 power people BANDEEP SINGH MUKESH 2 AMBANI 51, Industrialist (2) Wealth Creator Because he did not succumb to either corporate fad or government pressure, staying away from invest- ing in overseas acquisitions and sticking to building greenfield assets that deliver 20 per cent returns on investment. Because RIL is likely to end the year with a growth of over 20 per cent with income rising to over Rs 1,60,000 crore from Rs 1,39,269 crore last year, and at a time when everyone is strapped for money, he is swimming in nearly Rs 30,000 crore of cash. Because his gas fields KG-D6 will begin production this month, saving India over $10 billion in foreign exchange. agenda 2009 Supporting wife Nita in her quest to help Mumbai Indians win IPL Season 2 and shift- ing into their new home on Alta- mount Road before the new year. is proud that Low cost gas from KG-D6 will bring down subsidies on power, fertiliser and LPG costs, therefore the fiscal deficit. current obsession Preparing twins Akash and Isha who are leaving to study in the US. power moment First Indian to meet US President Barack Obama within a month of his taking office. he believes His dream of farm-to- fork revolution will happen next. 34 INDIA TODAY ◆ MARCH 16, 2009
  • 4. BANDEEP SINGH ANIL 3 AMBANI 48, Industrialist (3) Mr Big Because he is Mr Big in every segment he has a presence in, from power to entertainment, from roads to coalfields. Because his influence across the country’s political spectrum is unmat- ched and he bagged three big ticket power projects even with an unfriendly government. Because by 2015, he could be the biggest infrastructure player in India. Because he is setting up 32,000 MW of generating capacity, building 500 km of roads, the Delhi Airport Express Metro line as well as the Mumbai Metro project. Because even as many are down- sizing, he will be adding 16,000 employees this year. Because his tie-up with Steven Spielberg and movie production alliances with Hollywood stars from George Clooney to Nicolas Cage make him a formidable name on the entertainment marquee. idea of a binge Kesar pista ice cream on Wednesday nights at India Gate on the way to the airport to fly back to Mumbai on his Global Express. image makeover Has now switched from flashy Armani to conservative suits. is proud about The 700-bed super specialty hospital which has been set up by wife Tina. is happy about Having improved his mileage. He now runs 18 km every day. MARCH 16, 2009 ◆ INDIA TODAY 35
  • 5. 50 power people SUNIL 4 MITTAL 51, Industrialist (4) BANDEEP SINGH Ring King Because in a business where he is competing big play for the Indian mind-share with Bharti with Tata, Birla, Ambani and Vodafone, he Airtel Triple Play, Telephone, Broadband and TV, is the biggest, and in an era of gloom, has proved on a single line. to be an island of boom. Because Best Price, his tie-up with Walmart, Because given the lead of 25 million, even if will take off by June. Because without doubt, he Airtel stood still, it would take the nearest is the face of the new Indian entrepreneur. competitor nearly 12 months to catch up. Because with annualised revenues of Rs 38,000 little known fact Airtel has over one million crore for 2008-09 and profit before tax of outlets and recharge stores. Rs 15,000 crore, Airtel is among the most effi- cient money machines and by 2013, Bharti will is looking forward to His daughter Eiesha’s wedding this summer. be a trillion-rupee group. Because he is engaged in the transformation of fitness is Walking for an hour in Lodhi Gardens. telecom into a lifestyle business, ranging from calls to games, from movies to music, making a music means Ghazals by Jagjit Singh. 36 INDIA TODAY ◆ MARCH 16, 2009
  • 6. 50 power people BHASKAR PAUL Y He Khan es SHAH RUKH 5 Because he is everywhere, at once, as a movie actor, cricket team owner, KHAN television producer, sometime television host and ambassador of 10 brands, 43, Actor (6) who was the most visible celebrity on TV in 2008. Because everything he does makes headline news, from a tiff with Salman Khan to a patch-up with Amitabh Bachchan and his film, Rab Ne Bana Di Jodi, almost salvaged a studio, Yash Raj Films. Because he is emerging as a spokesman for Islam at a time when the religion is under global attack and though Pepsi may have dropped him as their brand ambassador, young people see him as a Bollywood outsider who made it to the top through sheer grit. Because whether it is anchoring a film awards night or promoting his movie in a reality show, he can be counted on to perform. funniest thing anyone ever said to him Nice try, sir. An SMS from someone after one of his movies. biggest joy Sleeping in bed between his children Aryan and Suhana and constantly being kicked by them. And watching them ski in Austria. latest reads The Yuck Book. “My daughter made me read it.” Artemis Fowl’s The Time Paradox and Daniel Suarez’s Daemon. 38 INDIA TODAY ◆ MARCH 16, 2009
  • 7. 50 power people AMAR Man in the Middle 6 Because his support to the govern- SINGH ment makes it compliant to his demands and the moment he criticised the then fi- 54, Politician (new) nance minister P. Chidambaram for in- flation and Petroleum Minister Murli Deora for his ‘anti-people’ (read anti-Anil Ambani) policies, the media assumed there would be a reshuffle. Because when the Congress dithered over seat sharing in Uttar Pradesh, he worked out a political realignment with Sharad Pawar over dinner that brought the Congress to the negotiating table. exchange programme Substi- tuted Prakash Karat for the Gandhis as his new best friends. Says he sees “a ray of hope” in Sonia and Rahul. the rethink “I have already said that 1999 was a mistake,” he says, explain- ing Samajwadi Party’s decision not to support a Congress government at the Centre then. and finally Has stopped wearing his 10-carat diamond ring because “people said I was wearing it for my Venus angle but the real reason is that my wife gave it to me”. YASBANT NEGI Heavy Metal Because in a year when the economy is in a state of shock, the group is set to double its revenues from last year and with new busi- nesses, expansion in steel as also the refinery going on-stream, their revenues will touch a trillion rupees by 2011. Because while other companies are talking about shelving plans, the brothers are investing over Rs 15,000 crore in steel alone, taking their production capacity to 14 metric tonnes per annum, and pledg- ing over half-a-billion dollars to telecom operations in Africa. SHASHIKANT 7 Because their businesses span sectors, & RAVI RUIA from 1,500 gas stations through which they will retail petroleum products 65 and 59, Industrialists (12) across India to Aegis, their BPO opera- tions with 35,000 employees. recession mantra Keep your head down, believe in yourself and your people during tough times. little known fact With 10,000 employees in the US, Essar Group is the largest Indian employer there. smart strategy With a majority of group companies privately- Ravi (left) and held, the Ruias are insulated from the vagaries of the stock market. Shashikant MARCH 16, 2009 ◆ INDIA TODAY 39
  • 8. 50 power people SAMIR & VINEET 8 News Worthies JAIN 54 and 42, Media Barons (9) Because not only do they have the largest selling English language daily in the country at 32 lakh copies a day, and the largest English language financial daily selling seven lakh copies every day, but also their television news chan- nel has become the highest rated in that genre. Because they are the largest private players in radio, with 32 stations across India, to which they have added a for- eign acquisition, Virgin Radio, as well. Because they are the only ones brave enough to launch a business channel slam bang in the middle of a recession. Because with cash reserves of Rs 3,400 crore, they are best equipped to ride the economic storm. the big divide The Vice-Chairman now looks after print and the Managing Director after everything else. big change Mother Indu Jain no longer visits the office. the big acquisition Of the soon-to-be-husband of back-from-Stanford daughter Trishala who has been ensconced in the fourth floor of Times House. Samir (left) facing the axe The Times of India’s edit page. and Vineet NARENDRA BISHT AMIT KUMAR BHASKAR PAUL Heir Rising Because despite the economic downturn, the consolidated revenues of the Aditya Birla Group are still $28 billion and he has a footprint that straddles 25 countries. Because his companies have attained global leadership and are among the world’s most cost- efficient copper and aluminum producers. Because a year of quiet consolidation has seen the Group’s retail operations touch 615 super- markets and two hypermarkets. Because thanks to a new will by grandfather B.K. Birla, a large part KUMAR MAN- of the Rs 5,000-crore empire will be 9 inherited by him. GALAM BIRLA 41, Industrialist (5) biggest stress buster Shooting with his Morini pistol at the Maharashtra Rifle Association’s shooting range in Worli, Mumbai. recession mantra Consistent cost manage- ment is holding the group in good stead today. road ahead Wants to make the Aditya Birla Group a part of the Fortune 150 club by 2014.
  • 9. 50 power people G.M. Master of All Trades 10 RAO Because he is steering the makeover of 58, Industrialist (17) the eponymous GMR Group from a domestic player in the infrastructure business to a global player with a presence in seven countries. Because with the Rajiv Gandhi International Airport in Hyderabad, completed in a record 30 months in March last year, he proved India can have world class facilities. Because even as the Group builds the new terminal at the Delhi airport, it has ensured an enduring connect with the Delhi Daredevils in the IPL contest. big buy Acquisition of 50 per cent stake in Intergen, a leading global power generation company, at a cost of approximately $1 billion, making the Group the largest private power generation company in India. little known fact A mechanical engineer by training, he was employed in the Public Works Department of Andhra Pradesh before he resigned to turn a jute trader. should be embarrassed about The foray into insu- rance, creating ING Vysya and finally pulling out of it. A PRABHAKAR RAO AFP The Maestro Because his recently-acquired hard- ware underlines India’s growing soft power and his twin Oscar wins have made him the country’s golden boy. Because he is every international artist’s first choice for collaboration in India, whether it is Kylie Minogue or Akon. Because he is an amazing amalgam of Indian multiculturalism: born a Hindu, he converted to Islam at his mother’s behest and gave his first public performance in a church as an 11-year-old. Because his music, a blend of raga and reggae, jazz and hip-hop, has opened the world’s eyes to the dazzling possibilities of Indian film sound. A.R. time out None. While the rest of the 11 RAHMAN world is celebrating his win, he has got back to work, completing his pending 43, Music Director (47) projects in India for “furious directors”. loves to Surf the Internet on his MacBook and ensures that everyone in his team uses the same too. first stop anywhere Mosque and then an electronics shop. Currently devoted to the Continuum fingerboard.
  • 10. 50 power people Made in Bharat Because by launching the Xylo, a ANAND 12 multi-utility vehicle, at the gloomiest point MAHINDRA for the automobile industry, he has dis- played entrepreneurial courage. 52, Industrialist (14) Because with market leadership in trac- tors, utility vehicles, farm equipment, a fi- nance company that lends to rural households, an SEZ and a realty division, he is all set to bring Bharat back to India. Because his joint venture with BAE Systems sets him up to be one of the biggest players in India’s emerging defence sector. Because he is one of the most articulate Indian voices at various international fora, from Aspen to Davos. is proud that Mahindra Realty is a debt-free company. And that one in two tractors in the country carries the Mahindra badge. little known fact The 155 mm howitzer, known to Indians as the Bofors gun, is now in the Mahindra-BAE stable. SHRIYA PATIL SHINDE NAMAS BHOJANI The Frugal Billionaire Because he steers India’s No. 3 soft- ware services exporter without worrying about the high volatility of the IT industry. Because with a cash chest of $500 million, he is looking for acquisitions abroad and plans to beef up his company’s position in France and Germany. Because in keeping with deep personal values of corporate governance, he ap- proached the Madras High Court to stop the proposed reverse merger between Subhiksha and Blue Green Constructions and Investments, even though his invest- ment firm, PremjiInvest, had bought a 10 per cent stake in the retail chain from ICICI AZIM HASHAM Ventures for around $150 million last year. 13 PREMJI management mantra When you 62, Businessman (11) over-pay people based on their results, it can generate very distorted behaviours. little known fact He fulfilled his teen- age wish, 33 years on, by completing his electrical engineering at Stanford, in 1999.
  • 11. 50 power people Mr Solution Because he is the go-to guy for gov- ernment and business, whether it is Satyam or the troubled US-64. Because in a year of edifices turning to dust, HDFC will close with an estimated growth of 19 per cent. Because he brings credibility to what- ever he does, whether it is putting the nuts and bolts of the new pension policy in place or advising the Government on providing affordable housing to the masses in the country. DEEPAK Because the rumour is that he knows 14 PAREKH someone on a first name basis on the board of every Fortune 500 company. 64, Banker (15) recession mantra Be cautious and conservative in such times. Don’t focus on market share, instead concentrate on the bottom line. road ahead Officially it’s his last year in office and July onwards he’ll be busy planning his exit from the company. favourite getaways London and New York, where he enjoys a game of RAJKUMAR cricket or tennis during the season. HEMANT CHAWLA The Colors of Money RAGHAV Because from measuring the heartbeat of the 15 Bombay Stock Exchange, his network now BAHL increases the pulse rate of prime time viewers, 49, Media Baron (18) with his new channel Colors within striking dis- tance of the nine-year-long No. 1, Star Plus. Because three of the biggest hits of last year, Singh is Kinng, Golmaal Returns and Ghajini, were owned or distributed by The Indian Film Company. Because while his two business channels con- tinue to dominate their spaces, he is expanding into new media, with Homeshopping18 a Rs 200- crore property in its second year, and in.com becoming the second largest Indian general inter- est portal within six months of its launch. the big discovery That he likes watching soaps, especially of his own channel. “Balika Vadhu for sure, and occasionally, Jaane Kya Baat Hui, Uttaran and Jeevan Saathi”. wish he could have Kept some extra cash to buy media assets which are currently available at such mouth-watering discounts. 46 INDIA TODAY ◆ MARCH 16, 2009
  • 12. 50 power people AAMIR KHAN 16 43, Actor (38) In His Own League Because Jaane Tu…Ya Jaane Na, which he produced, and Ghajini, which he starred in, were two of the biggest hits of last year, grossing over Rs 350 crore at the box office. Because he is the Establishment’s first choice, be it endorsing the Ministry of Tourism’s Incredible India campaign or lecturing at the Lal Bahadur Shastri Academy of Administration in Mussoorie. Because he is the face of six brands—his last deal with Tata Sky wrapped at Rs 14 crore a year. Because he acquired the best body in Khandom and made the eight-pack part of public discourse. currently negotiating The purchase of a housing society in Santa Cruz, Mumbai. big surprise That he hasn’t signed on anything after Raju Hirani’s forthcoming film 3 Idiots and has only a cameo as a painter in wife Kiran Rao’s experimental film Dhobi Ghat. idea of extravagance Gifting a 7-Series BMW to his nephew after the release of his movie and hiring a helicopter to make it to his wedding anniversary. BANDEEP SINGH HEMANT CHAWLA Business As Unusual Because the Jaypee Group’s ambitious Ganga Express-way project across 14 districts of Uttar Pradesh will benefit at least 20 million people. Because it became India’s largest private hydropower producer with the commissioning of the 400 MW Vishnu Prayag station and doubled its cement production capacity from nine million tonnes to 18 million tonnes per year. Because with power, cement, infrastructure, hos- pitality, real estate and education, the Rs 5,500- crore Jaypee Associates has a foothold in 14 states and is the only group in the country that successfully completed two power projects in Jammu & Kashmir in the last decade—Dulhasti and Baglihar. Because he has a great equation with the chief minister of Uttar Pradesh. the turning point The death of his elder brother in 1946 in an accident. Gaur says it J.P. 17 changed his life, making him a man of steel. He GAUR says he has not cried since. 78, Industrialist (27) real estate watch A township developed by the Group at Patiali in Etah district, Uttar Pradesh, over a 12-year period, at an investment of Rs 25,000 crore. Says it will be bigger than Chandigarh city. 48 INDIA TODAY ◆ MARCH 16, 2009
  • 13. HARISH 18 SALVE 53, Advocate, (26) The Argumentative Indian Because everyone who is in trouble or who believes he could be in trouble wants him in their corner, whether it is arch-rivals Mulayam Singh Yadav and Mayawati or long- time foes Lalit Modi and Subhash Chandra. Because there is hardly any corporate case that he is not ar- guing and hardly any politician who hasn’t sought his advice. Because he usually wins the cases he fights. what excites him Taking on a former Pakistani minister in a television debate or arguing against OBC reservation in Central government educational institutions. When Salve talks, people usually listen. big acquisition A 7-series BMW, breaking his promise to himself that he would “behave”. nice guy move Every evening he helps his wife Meenakshi set up a stained-glass showroom by typing e- mails and suggesting marketing strategies. As he quips, “it’s from maximum wages to minimum in the evenings”. BANDEEP SINGH BANDEEP SINGH I Am Legend Because a chance remark from him on AMITABH his blog about Slumdog Millionaire can set 19 off a global controversy. BACHCHAN Because he is an easy target for marginal 66, Actor (16) politicians like Raj Thackeray, looking to establish his political party. Because after 40 years in the profession, he still remains at the top of the game, and is head of a family that includes an articu- late Rajya Sabha MP, an actor who works with the best directors in the business, and another actor who is India’s best-known international beauty. Because the family endorses as many as 10 brands combined and whatever he does sets off a trend, whether it is blogging or walking the red carpet to support his chil- dren, be it for Pink Panther 2 or Delhi-6. favourite pastime Posting blogs that he discusses at times with his family. embarrassing moment Walking away from Rekha at an awards show when it looked like she was going to kiss him next.
  • 14. 50 power people All the Right Moves Because he is now Disney’s point man in India, with one of the world’s most powerful empires acquiring a 60 per cent stake in UTV Software and 37.29 per cent in UTV Group. Because UTV’s presence now spans a world movies channel to a business news network, gaming to the Internet, and the group has emerged as a global business, with 200 of its 1,000 employees based overseas. Because UTV has shown an unusual flour- ish in backing sensible cinema, from the edgy terror thriller A Wednesday to the cult youth film Dev D. RONNIE 20 acquisition A third gaming company SCREWVALA and a dream home in Breach Candy that he and his wife worked on for five years. 51, Media Baron (24) is reading Billion-Dollar Lessons by Paul B. Carroll and a lot of scripts. SHRIYA PATIL SHINDE Rebuilding India Because after reorganising their infrastructure entity, all projects are on track even in the current downturn, and they have refurbished the domes- tic terminal at Mumbai airport, begun work on a new terminal as well as kick- started the 540 MW Goindwal Sahib power project in Punjab. Because they have entered into a new arena by signing up a greenfield port project in Gujarat and have opened a new luxury hotel in Chennai. Because GVK Bio is poised to become a leader among biotechnology compa- nies across the world. signature look Canali suits and Versace ties for GVK. favourite vacation spot London G.V.K. & SANJAY 21 for GVK, Maldives for Sanjay. REDDY unusual hobby Gardening for GVK 72 and 44,Industrialists (23) and deep-sea diving for Sanjay. diet secret Regular diet coupled with rigorous exercise for GVK; Sanjay generally avoids carbo- Sanjay (left) and hydrates and desserts at night. G.V.K. Reddy A PRABHAKAR RAO 50 INDIA TODAY ◆ MARCH 16, 2009
  • 15. 50 power people The First Mogul Because he is the elder statesman among media moguls in the country and has a finger in every media pie, from satellite networks to cable distribution, from DTH to print. Because he never gives up and has taken his bat- tle with BCCI on the Indian Cricket League to the ICC. Because he has friends and well-wishers across all political parties and got the President of India to inaugurate his pet project, The Global Pagoda, which has the Buddha’s relics in the world’s tallest pillarless dome. Because Zee TV may be No. 3 in the Hindi en- tertainment channels but his regional business, from Marathi to Bangla, is growing fine. new passion Interfaith communication, which he has made a personal mission by co-founding the Global Foundation for Civilisational Harmony. SUBHASH style statement Maintains a 22 distinctive lock of undyed white hair. CHANDRA is passionate about Vipassana. Attended 57, Businessman (20) a programme in 1990, does a 10-day course every year and practices for 45 minutes daily. MANDAR DEODHAR AFP Batsman Forever Because his word is the gold standard on any cricket issue. Because in his 20th year in cricket, he is not only his sport’s Peter Pan but also owns all the records that matter, most runs and most centuries both in Tests and ODIs. Because when Adam Gilchrist criticised him in his book, a billion people took offence and the Australian cricketer found his column on an Indian website dropped overnight. Because when Madame Tussauds measured him for a wax exhibit last month, India wondered what took them so long. power tribute Uber-luxury watch- makers Audemars Piguet’s limited edition SACHIN Sachin Tendulkar chronograph to mark 23 his 35 Test centuries, releasing just 350 TENDULKAR pieces, with the colours of the Indian flag 35, Cricketer (25) on the strap and his jersey number, 10, bigger and brighter than the rest. also known as Master Blaster to the outside world, he is addressed as paaji (elder brother) by his younger teammates. guest appearances He shows up at his children’s school sports day if he is in town, usually as chief guest.
  • 16. 50 power people SANDEEP SINGH DAYANIDHI MARAN SIPRA DAS KALANIDHI & 24 DAYANIDHI MARAN 43 and 42, Media Baron and MP (31) Tamil Tigers Because the brothers were able to manoeuvre out of a serious stand- off with their grand uncle M. Karunanidhi and re-establish their stranglehold on the satellite and cable business in the south. Because the powerful presence of one brother in mass media and the other in party politics enables them to pump prime their business. Because they are expanding in every arena, with four hit movies from their newly launched film production com- pany, and more niche additions to their 20-channel Sun TV network. cool new toys 3G iphone and Mac Book Air for Kalanidhi; Canon EOS-1D Mark III camera for Dayanidhi. centre of gravity Daughter Kaviya for KALANIDHI Kalanidhi. MARAN BANDEEP SINGH Terra Pharma SHIVINDER MOHAN AND MALVINDER Because even as the world economy crumbles around MOHAN SINGH them, they have proved to be the smartest and the lucki- est, selling a majority stake in Ranbaxy for Rs 10,000 crore, while retaining control of the company. Because Malvinder Mohan Singh got the Japanese giant Daichii-Sankyo to complete the acquisition of a 63.92 per cent stake after the global meltdown late last year. Because Shivinder Mohan Singh’s Fortis Healthcare emerged from years of losses to post a 21 per cent increase in consolidated total income in the last quarter. MMS and SMS That’s what friends call them. They are both vegetarians, teetotallers, and devout followers of the Radha Soami Satsang in Beas. yes it’s true To avoid being dressed identically, turbans included, the brothers call each other every morning. pay your way The brothers MALVINDER MOHAN & 25 pay to use their own jets be- SHIVINDER MOHAN SINGH cause ‘it’s a business venture, not a lifestyle statement’. 36 & 33, Industrialists, (New)
  • 17. 50 power people M.S. 26 DHONI 27, Cricketer, (35) Captain Cool Because under his leadership, India won the T20 World Cup and he is now captain of India in all three forms of the game. Because he has become the country’s most sellable cricketer after Sachin Tendulkar, endors- ing 15 brands, from clothes to cold drinks. Because he is nobody’s puppet, ticking off the national selectors this season for leaks from the selection meeting. touch of class Won heaps of praise for his graciousness during the retirements of Anil Kumble and Sourav Ganguly last season. latest acquisition A Hummer to add to the four cars and 17 high-speed motorcyles already parked in his garage in Ranchi. smart move Broke away from the sports mar- keting agency that had signed him on, to join a new company, Mindscapes India. REUTERS UMESH GOSWAMI K.V. 27 KAMATH 62, Banker (13) Banking on Trust Because a lesser mortal would not have been able to protect ICICI Bank from the heat of the global meltdown. Because everyone from Prime Minister Manmohan Singh to P. Chidambaram to Montek Singh Ahluwalia spoke up for him during the crisis and every corporate chieftain worth his market cap vouched for the in- tegrity of the bank. Because ICICI is the largest private insurance company, the topmost private equity player, the num- ber one online broking outfit and the leader in retail credit, with total assets of Rs 3.74 lakh crore and a group income of Rs 62,000 crore. milestone 2009 Will be chairman from May 1, but his salary will take a big hit. is sure to be Following tennis and F1 racing.
  • 18. 50 power people H.K.RAJASHEKAR NANDAN 29 NILEKANI 53, Entrepreneur (New) RAJINIKANTH 28 GIREESH GV 58, Actor, (28) Big Brother ELATTUVALAPIL 30 Because the one-time carpenter and SREEDHARAN conductor has fanatics extending from Japan 76, Engineer (19) to Korea, and his 38,000 registered fan clubs around the world with an estimated 19 lakh members are waiting for him to start his own political party. Because at Rs 26 crore a film, he’s the most highly paid star in southern India. Because every time he stars in a flop, such as Kuselan, he compensates his distributors and bounces back with a big budget blockbuster, such as Shankar’s Rs 150-crore film, Endiran. Because no protest or celebration in Tamil tinseltown is complete without his presence. spiritual guru Swami Satchidananda of Rishikesh, on whose call he made a movie, Baba, before the Swami’s death in 2002. unforgettable number 10A, the route number on which he was a conductor in his early days in Bangalore. his political icon Former Singapore premier Lee Kuan Yew. BANDEEP SINGH 60 INDIA TODAY ◆ MARCH 16, 2009
  • 19. The Thinkmaker Land Lord Because the chairman of the $4.5 billion Because despite the economic IT behemoth wrote a bestselling book of ideas, downturn, he’s still one of the largest Imagining India, and has become an articu- private landholders in the country, with late catalyst of change, who’s embedded in 751 million square feet of real estate top government councils at home and in in- waiting to be built up. fluential economic forums globally, repre- Because he may have lost $27.2 bill- senting the voice of India. ion since March, but his fortune is still Because he’s the only Indian on the founda- valued at $7.8 billion, down from $30 tion board of the World Economic Forum, is a billion last year. member of the prestigious Petersen Institute of International Economics, and was again how’s the loss affecting him? the solitary Indian to have spoken at the invi- “It’s only paper,” he says. tation-only Technology Entertainment and Design (TED) in California. recession index Hasn’t bought any- Because he’s welcomed not just on the prime thing new to wear in the past four years minister’s council at the Centre but on numer- because he realised he hadn’t worn 60 ous committees of a rival state government. per cent of the clothes in his wardrobe. awkward moment Wife Rohini insists big mantra Prosperity is the time on asking questions when he is delivering a for austerity. Don’t wait for adversity. lecture in public. K.P. 31 favourite haunts Harry’s Bar and SINGH Groucho Club, London, and Breeze, a proud moment When wife Rohini set up the Arghyam Foundation with a corpus of 77, Businessman (10) 52nd floor rooftop Bangkok restaurant. Rs 150 crore to focus on water management. BANDEEP SINGH Cruise Control Because he will always have an Truth Mascot opinion and people who matter will always lend an ear, especially now Because he’s the last word on objec- that he has a bigger pulpit in the tivity, whether it’s the Hyderabad Metro Rajya Sabha. project or the airport modernisation in Because the Bajaj Group revenues Delhi and Mumbai. are revving up to cross Rs 20,000 Because he has made the Capital appear crore this year and Bajaj Auto, with a world-class metropolis, making the Delhi over Rs 7,000 crore in cash reserves, Metro Rail Corporation (DMRC) the most is as good as a bank. punctual metro transport in the world, Because finally there is peace in with 99.5 per cent punctuality last year. Hamara Bajaj—he not only settled Because DMRC has helped save over 700 the Bajaj family dispute but also lives till date by avoiding road accidents, put in place a succession plan, has reduced consumption of petrol, diesel with a business each for sons Rajiv and CNG by 1,19,025 tonnes and saved 66 and Sanjeev. minutes every day per commuter. Because Bajaj Auto owns 30 per cent of Austrian performance bike strange,but true Hasn’t taken a vaca- maker KTM. tion in 20 years. His only break was taking a few days off when travelling to England uncanny knack To be at the on work, to spend time with his son. right place at the right time. On September 16, the day after Wall is particular about Often swipes his fin- Street collapsed, he was attending RAHUL ger along the floor of the metro train as 32 the NYSE advisory board meeting. BAJAJ well as the platform to check for dirt. little known fact Bajaj has been 70, Industrialist (36) a debt-free company for 30 years. HEMANT CHAWLA MARCH 16, 2009 ◆ INDIA TODAY 61
  • 20. 50 BANDEEP SINGH power people RAJENDRA K. PACHAURI 33 68, Environmentalist (33) Global Warmer Because global warming is still the hottest subject around the world and he remains one of its most visible proponents after being re-elected chairman of the Intergovernmental Panel on Climate Change. Because he is a key adviser to the Central Government on the issue and is equally sought after by state chief ministers. time off Has just completed a novel, Return to Almora. tough guy talk “Nothing that the world is doing today is sustainable. We are going to cause enormous hardships for all species in the planet. We need to mobilise the youth, that’s our only hope.” big acquisition The BlackBerry 9000. PURUSHOTTAM DIWAKAR King of Bling Because whatever he does gets talked about, whether it’s the good times or the bad times. Because he’s still the second largest liquor baron in the world, selling nearly three million bottles a day. Because regardless of the losses, Kingfisher has emerged as the leading player in terms of market share after the merger with Deccan. finds time for Personally supervising the scan- tily clad model shoots on the Kingfisher calendar. can he explain Spending Rs 8 crore on Kevin Pietersen for a team that can’t seem to win. RAMESH & SUDHIR 35 SUDHIR AGARWAL (LEFT) AND RAMESH 66 and 41,Media Barons (37) No Full Stops Because the Dainik Bhaskar Group has a presence in seven states, accounting for 30 per cent of the country, and continues to expand, adding a Bangalore edition to the Mumbai DNA and a Hindi business daily, Business Bhaskar. Because the group along with DNA is slated to close the financial year with Rs 1,400 crore in revenue. big discovery The regional market is more valuable. Metros only account for a fraction of the population. VIJAY recession mantra Good times are boring and it’s the 34 tough times that spur good thinking. MALLYA road ahead The company will focus on cutting costs SHEKHAR GOSH 53, Industrialist (8) and consolidating its position in their existing markets.
  • 21. BHASKAR PAUL Fast and Furious Because Season II of the IPL promises to be bigger, bulkier and better, establishing the potent mix of big business, Bollywood and India’s most powerful sport. Because he’s forever controversial, whether it is for his proximity to politicians or his confrontationist stand against cricket’s Old Powers. Because IPL’s success has “persuaded” otherwise reluctant nations into agreeing to a window for a T20 club event to keep their players happy. reality check His mentor Vasundhara Raje lost the Rajasthan Assembly elections and he was defeated in the Rajasthan Cricket Association’s elections. management style Micro. Is particular about who VENUGOPAL 36 gets VIP tickets, mostly allocating them himself. DHOOT wants IPL to become Like F1, Wimbledon, Super Bowl. 55, Industrialist (39) loves to Compose what people say are the longest The Right Connect LALIT emails ever received 38 from a BlackBerry. Because despite the slowdown, he is expanding in MODI every direction with Videocon launching its own DTH service in April, mobile telephony service by July, 45, Businessman (29) kickstarting 10 oil-fields in Brazil with Petrobras, invest- ing in coal mines in Indonesia and building three power projects in West Bengal, Gujarat and Chhattisgarh. Because the price warrior of the consumer electronics business will tote up group revenues of over Rs 19,000 crore this year, with Next becoming India’s largest electronics goods retail chain with 1,100 stores, and investments in the new big thing, energy. Because he has a phalanx of stars at his beck and call. magic moment When Prime Minister Manmohan Singh called Videocon the proud face of Global India. hidden talent Can recite shlokas and expound on the Bhagavad Gita. Also plays the flute. PURUSHOTTAM DIWAKAR YASBANT NEGI Telly Yogi BABA Because his followers continue to grow, as he acquires 37 RAMDEV the Aastha channel that gets him 20 million viewers daily, conducts international camps and takes off on yoga cruises 35, Yoga Guru (46) at $1,000 ticket a head. Because he is the richest yogi, having collected Rs 500 crore so far through his camps, and has celebrity fans ranging from Lalu Prasad Yadav to Kangna Ranaut. his latest conquest The IIM-A, where he talked about Indian values in modern management techniques. believe it or not Insists breathing exercises can rege- nerate destroyed cells and help the HIV-positive recover.
  • 22. 50 power people UMESH GOSWAMI Mr Prudence MAHENDRA MOHAN & Because he is poised for a shot 39 SANJAY GUPTA at the leadership of the financial sector as the titans ride into the 69 and 46,Media Barons (45) sunset, with Kotak Bank being the fourth largest bank after HDFC, ICICI and Axis, making it the largest Leaders of the Pack promoter-owned bank. Because 21 million people read Because despite the global reces- Dainik Jagran every day across 11 sion, his bank boasts of a capital states and Jagran Prakash is a adequacy ratio of 21 per cent, and listed media company with quality in the shortest time, he has market performance. straddled every slice of the financial Because despite being a Rajya sector to emerge as a conglomerate Sabha member, Gupta Senior’s clout with 18,000 employees and assets of extends across parties. over Rs 40,000 crore. started life By walking around different strokes Gupta Senior Mumbai’s financial district, prefers domestic destinations helping traders discount bills. for holidays, while the nephew is a globe-trotter. new obsession Applying the ‘black swan’ theory on business mantra While current events. Mahendra gives full credit to the team for making the newspaper an little known fact He is a influential opinion-maker, Sanjay professionally trained sitar player. is a man of few words. BANDEEP SINGH Try Flier Because he is trying to weather the storm in aviation by transitioning from the traditional orthodox revenue model to an innovative one—wet-leasing his aircraft to other international airlines. Because his airline still leads the pack with a market share of over 25 per cent and more than eight lakh passengers are on board across 400 flights each day. embarrassing moment Fired 1,900 of his staff, then took them back amidst tears, calling them his ‘family’. looming air pocket Nearly 30 per cent of an airline’s operational costs are pegged against the dollar. laughter therapy “CEOs are NARESH 40 handsome, entrepreneurs are ugly”. UDAY 41 GOYAL KOTAK big achievement Jet is cutting costs 60, Businessman (34) in the back-end without compromising 49, Banker (New) on its renowned in-flight service. BHASKAR PAUL 64 INDIA TODAY ◆ MARCH 16, 2009
  • 23. 50 power people A PRABHAKAR RAO Brand Width Because despite its rapidly slipping ratings, NDTV 24X7 remains a strong news brand and he is still its most credible anchor. Because he’s a great media survivor in spite of a consol- idated loss of Rs 120 crore last year in his entertainment and news business. show of force Threatening legal action against a blog- ger for his comments on how star editor Barkha Dutt covered the 26/11 terror attacks in Mumbai. moment of truth Letter to staffers admitting the organi- sation has “substantial flab” and “too many floaters”. what they need According to the letter to their staff, more ideas on PRANNOY & 42 how to cut costs. RADHIKA ROY PRATHAP 59, Media Barons (22) 43 C. REDDY 76, Doctor (42) Health Effect Because he is the largest private health care provider in India and plans to ramp up infrastructure to 3,000 hospital beds, with 1,400 beds in Mumbai alone. Because Apollo has fetched a record five global JCI ac- creditations for developing world class hospitals with top patient safety standards. unusual hobby Wandering in the mango gardens in his native village, Aragonda, 150 km from Chennai. kinship factor Though none is a doctor, all his four daughters—Preetha, Sunitha, Shobana, Sangeeta—two adult grandsons and two adult granddaughters are in- ASHOK DAMODARAN volved in managing the Apollo Group. BANDEEP SINGH Motorcycle Guru Because he’s the latest in a long line of Indian mystics capturing the imagination of the West with 100 yoga centres around the world. Because he spoke at the World Economic Forum in Davos three years in a row. Because he makes a combination of yoga, green activism and spiritual therapy seem as elevating as it is hip. style statement Green. Has initiated Project Green Hands, a move to increase the green cover of Tamil Nadu by 33 per cent in the next 15 years. power point Endorsed by M. Karunanidhi, his followers range from Nandita Das and Prahlad JAGGI 44 Kakkar to Microsoft’s Ravi Venkatesh. VASUDEV likes to Go for long rides on his BMW and 52, Guru (New) Harley Davidson bikes, gifted by devotees.
  • 24. PARMESHWAR 45 GODREJ 63, Social Arbiter (40) Haute Hostess Because she’s the original style icon who organises charity events with as much panache as she does black-tie dos for the Moet set. Because neither Bollywood’s best nor Hollywood’s hautest refuse to support her Heroes Project for AIDS awareness. Because she’s one of the few people on intimate terms with both the Ambani brothers. little known fact That she is deeply spiritual and visits a temple in Patiala with the family every birthday. the big acquisition Her son’s re- turn to India, after many years, with her daughter-in-law Karla. BANDEEP SINGH BANDEEP SINGH RAJEEV 46 CHANDRASEKHAR 45, Entrepreneur (50) Straight Talker Because he has built access across the political spectrum with a mix of busi- ness, politics and media interests. Because he sits pretty both in Parlia- ment and atop Rs 2,500 crore in his ven- ture fund. Because he, along with Star TV, con- trols the second largest television net- work in the South. Because he takes on the Government over economic and security issues. the drive His fleet has Ferraris, BMWs and India’s largest collection of Land Rov- ers. His favourite is a red Lamborghini. the digital statement He asked his Facebook friends if he should join a po- litical party. The most practical advice came from Omar Abdullah.
  • 25. 50 power people Champion of the Board Because he is world champion and one-man revolution all rolled into one, and is India’s highest-paid sportsperson, with the appearance fees ru- moured to be $250,000 depending on who wants him to play. Because he is the face of the NIIT Mind Champions Academy that has taken chess e-learning in schools from 1,605 clubs in 2003 to 6,551 clubs and 7.4 lakh members in 2008. power move Winning his third world chess championship in Germany. VISWANATHAN 47 little known fact His passion for rock ANAND YASBANT NEGI music—from the Rolling Stones to U2. 38, Chess Grandmaster (New) NARENDRA BISHT Medicine Man DEVI 48 Because he has taken to heart SHETTY the provision of affordable health care by creating large health cities 56, Doctor (New) in seven cities. Because he conceptualised the world’s cheapest health insurance programme, Yeshaswini Micro Health Insurance, that covers three million beneficiaries in Karnataka alone, at Rs 5 a month each. big fight Practices a martial art known as Budokan Karate. N.K. big number He has performed 49 more than 10,000 heart opera- SINGH tions with one of the highest suc- 68, MP (New) cess rates worldwide. GIREESH GV SUMEET INDER SINGH The Sophisticate The Write Stuff Because he is much sought after for his eclectic intellect and has the Because he is one of the ability to bring together at dinner, few independent intellectuals in India, whether at his Vasant Vihar home or rated 44 in a list of the 100 most influ- at Davos, billionaires, international ential intellectuals worldwide last year leaders, think-tank types and multi- by Foreign Policy magazine. lateral agency chiefs. Because he makes academics look Because this was the year he was cool, writing with as much ease on Ve- finally elected to the Rajya Sabha, rrier Elwin as on cricket. thanks to Nitish Kumar. Because he’s not afraid of taking an unpopular stand—even if it is urging cool buddies George Yeo to Nich- Arundhati Roy to stick to writing for olas Stern, L.N. Mittal to Mukesh Am- backing the Narmada Bachao Andolan. bani, Sunil Mittal to Anand Mahindra. writing style Disciplined. Every day pet project Preparing a blueprint RAMACHANDRA 50 from 9 a.m. to 1.30 p.m. for the revival of Nalanda University. GUHA next move A prequel to India his music Listening to Kishori Am- 51, Historian (New) After Gandhi about the first half onkar on his Bang & Olufsen system. of the 20th century. 68 INDIA TODAY ◆ MARCH 16, 2009