Tag: Harsh Goenka

  • In defence of L&T chairman SN  Subrahmanyan

    In defence of L&T chairman SN Subrahmanyan

    MUMBAI: Larsen & Toubro chairman SN Subrahmanyan  who expressed support for 90 hour workweeks for company employees, adding “how long can you stare at your wife?”  has  kicked up a storm. In fact, many would call it a violent typhoon.

    A simple statement like that has become fodder for debates on television which newsrooms, for want of better topics or developments to discuss,  have latched onto. As have so-called social media and celebrity influencers who know that what Subrahmanyan said can attract many more followers to their handles if they take a stand against him. Especially from the younger lot who can be influenced. Stand-up comics  have found his statement perfect to go witty or punny about. Of course, every one can crack up as Subrahmanyan has become every Tom, Dick , Harry, Larry, Jane, Cynthia, and  Joyce’s favourite  whipping boy.

    Respected industrialists like Harsh Goenka and Anand Mahindra have found a lot of fault with what Subrahmanyan  has advocated. They have been pretty vocal about it. But both inherited large corporations. Yes, they have grown them larger. But they did not have to do the grunt work that  Keshub Madhindra and Ramnath Goenka put in. The long hours, the hard toil. (I have no intention of hurting their sentiments. I am sure both Harsh and Anand worked hard too. However, the labour, the pain that an entrepreneur goes through when he’s starting up and growing  his enterprise is different.)

    Subrahmanyan  said what he did as an engineer, and as an excellent leader, what he does to excel. Students at the IITs and other engineering institutes slog their butts off .to get their degrees. That’s probably where Subrahmanyan got his work ethic from.  He works seven days a week – or may be eight, if it was possible to have those many in a week. That’s what’s made L&T a GOAT  in what it does, develop infrastructure and construct anything that’s challenging.  That ability has not come by chance, L&T folks work really hard.

    As do scientists. As do researchers. As do inventors. As do seriously-driven journalists  – online or TV –  who have a mission. As do zillions of GenZ  geeks and nerds or ingenious youth at startups who want to build their enterprises. In the Valley. In Bengaluru. In Hyderabad. 

    As do producers, writers  and online  video editors working in the movies or on television.

    These folks are so  deeply absorbed in the problem they want to solve, or the solution they want to get to, or the product they want to deliver – that time is of no consequence. They are driven. They are passionate. They take ownership of what they do. They are fortunate they love what they do. It is not a nine to five job that they are in.

    BTW, how many of you have family members who are gamers? 

    Do they have a schedule? 

     I rest my case. 

    They love what they do, and many have made millions of dollars out of being professional gamers. Yes, they live in their cocoons and are sometimes maladjusted  to  the so-called fake society. Where superficiality is the norm. 

    Hey, also what Subrahmanyan  said is nothing new.

    Do you remember what  the poet Henry Wadsworth Longfellow had penned almost a  century or so ago : 
    “The heights by great men reached and kept were not attained by sudden flight, but they while their companions slept, were toiling upward in the night.”

    Of course, he did not say that one needs to work seven days in so many  plain words.  But implied in that verse is the clarity that man or woman does not achieve greatness until she or he put their all into what they want to achieve.

    Do I work 90 hours a week? Well, heck I do. When the need arrives, I sleep four to five hours every night. And for months on an end.  Has that harmed or helped me? I love what I do so it does not seem like work at all. So, I guess it only helps me. 

    Lampoon me if you like. Troll me if you must. But I give my thumbs up to Subrahmanyan. 

    Just a little note of caution to  Subrahmanyan:  you could have gone a bit  easy when you spoke about “staring at the wife. “

    There’s a phrase that I keep in mind: “Hell hath no fury like a woman scorned.”

    I won’t ask Subrahmanyan how his spouse  reacted  when he got home that night of the conversation when he referred to “staring at the  wife.” 

    If they are a well-adjusted couple, who understand each other, probably there was no reaction or maybe a laugh from the wife as she gave it back to him playfully. 

    If their relationship is not sorted – like many an Indian marriage is not  (it’s a hollow marriage where the husband sleeps in a room and the wife in another and they quarrel all the time or give each other the cold shoulder) then he would have got hell.  And he might well still be getting it.

     I would like to believe that his  is the first type of marriage mentioned above. After all he is an engineer, and engineers calculate everything they do.

    Both he and his wife are probably having a sound sleep while a large part of corporate India, employees and the media rage  about the  “ninety hour work week” and about “not staring at the wife.”

  • RPG Group appoints Anant Goenka as vice chairman

    RPG Group appoints Anant Goenka as vice chairman

    Mumbai: RPG Group, one of India’s leading business conglomerates, announced the appointment of Anant Goenka to the position of vice chairman of the diversified group.

    In addition to his new role, Anant Goenka will continue to serve as the vice chairman of CEAT and Zensar Technologies. This move strengthens the leadership at the group headed by Harsh Goenka, ensuring stability and continuity in the long term for the group, which is acclaimed for its corporate governance and people friendly value system.

    RPG Group chairman Harsh Goenka said, “Anant’s extensive experience, driving CEAT towards performance excellence over the past decade, will play a pivotal role in shaping the next wave of growth for the RPG Group. This era is defined by rapidly evolving technology and I believe Anant has the requisite skills and business instincts to herald change and make a difference in the way we adapt to technologies, markets and consumers.”

    A highly accomplished professional, Anant brings a wealth of experience to his new role. Prior to being the Vice Chairman of CEAT and Zensar technologies, Anant led CEAT as managing director & CEO through a highly transformative ten-year period.

    Under his leadership, the market capitalization of the company grew significantly by over 20 times.

    A graduate from the Wharton School and an MBA from Kellogg School of Management, Anant began his career in Unilever and RPG group company KEC International before joining CEAT. His leadership played a pivotal role in CEAT’s historic achievement of winning the prestigious deming grand prize making it the first tyre brand in the world to receive this coveted accolade of business excellence.

    Anant Goenka’s remarkable achievements have earned him recognition as “India’s Under 40 Business Leader” by CEO Forum in 2020, “GQ: 50 Most Influential Young Indians” in 2018, and “Next Generation Business Leader of the Year” by Forbes in 2017. He was also named among “India’s 40 under 40 Business Leaders” by the Economic Times-Spencer Stuart. He has also served as the chairman of the Automotive Tyre Manufacturers’ Association (ATMA).

    Speaking on the announcement, Anant Goenka said, “It is an honour and a responsibility that I will cherish and I hope to contribute towards the growth and competitiveness of our diverse businesses. Our fundamental value system, our governance standards and our quest for happiness will remain the guardrails within which we will continue to operate.” 

  • RPG group chairman Harsh Goenka supports Zee TV’s Punit Goenka

    RPG group chairman Harsh Goenka supports Zee TV’s Punit Goenka

    MUMBAI: The media has been full of cacophonic noise about the boardroom battle that is going on at Zee Entertainment Enterprises. Some investor groups have lauded the initiative by two of the company’s two main investors to reconstitute the board and oust CEO & managing director Punit Goenka (who represents the promoter family being Subhash Chandra’s son) for failing to professionalise the management and enhancing the shareholder value.

    Institutional Investor Advisory Services founder Anil Singhvi is quite vociferous that Zee is one of the best Indian media companies but needs to be in the hands of a good professional CEO. Speaking to moneycontrol.com he said that the promoter family should also be happy about this. “They have a four per cent stake and already their value has gone up with the share price rising 25-30 per cent on the announcement by the two institutional investors to hold an EGM to move out Goenka and the resignation of the two directors,” he pointed out.

    However, smaller shareholders voiced their confidence in Punit’s ability to get Zee back as a stellar performer during the company’s AGM on 14 September where he explained the initiatives that were underway under his leadership. Punit also reiterated that there were no hidden or shady related third party transactions under his charge as is being alleged.

    There are many in the industry who point out that Punit has definitely brought In professionalism into the company by bringing in executives at the leadership level from companies such as Hindustan Lever, Future, BCCI, and Aditya Birla group and built a good management team.

    Among them is corporate leader Harsh Goenka (chairman of the $3.80 billion RPG group and no relation to Punit). Harsh has come out in support of Punit.

    Late in the evening of 15 September Harsh tweeted: “I just can’t understand why would a large investor try to destabilise a good leader, a good management team, which has a track record to show. If valid reasons were given, it’s different. A dangerous trend! #Zee.”

     

     

    Most of his followers on Twitter seconded his view, while the naysayers said the promoter family had it coming.

    The coming days will decide whether the street and Zee’s investors will have the last word. Or the promoter family.

  • RPG Group’s new campaign speaks about happiness within & outside the organisation

    RPG Group’s new campaign speaks about happiness within & outside the organisation

    MUMBAI: RPG Group, one of India’s fastest growing conglomerates, has partnered with Dentsu Webchutney, the digital agency from Dentsu Aegis Network, to launch a campaign featuring four films with its brand tagline ‘Hello Happiness’.

    The Harsh Goenka-led RPG Group has not only made happiness intrinsic to its vision but has also adopted it as the brand tagline and embarked on a journey to promote, share stories, nurture and encourage a culture of happiness, both within and outside the group.

    This new campaign executed by Dentsu Webchutney Mumbai took its cue from the group’s vision statement that harbours a bright square smiley, alongside values such as ‘Unleash Talent’, ‘Touch Lives’ and ‘Outperform’. Spread across six weeks, the campaign, driven largely via short films, illustrates how the group has brought happiness into the lives of diverse stakeholders.

    RPG Enterprises DGM of corporate brand and communications Manjira Sharma says, “At RPG, we believe that if we are able to bring any change into the lives of people, we have done justice to the group’s existence. And this change is only evident through people’s smiles; that is the bar we have set to measure our success. This is the reason we had to own the position of happiness.”

    “Happiness isn’t a thing, it is a place. And to reach this place, we need to lighten ourselves of the baggage that we all carry in our hearts. RPG is an ebullient place, where we encourage our employees to shed this baggage, be themselves, and contribute to the group’s vision. And we are boastfully gleeful about this,” adds Manjira.

    Dentsu Webchutney EVP and branch head Nishi Kant mentions, “Real happiness is very tangible and each RPG film brings this home for the viewer whether that be a child jumping around at an unexpected happiness, the tears streaming down a mother’s cheek at her daughter’s achievement, the boundless joy experienced by a grandfather in his grandchild’s company or the cheerful confidence of a happy employee. The term Hello Happiness means the active expression of Happiness and that is what the RPG Group stands for.”

    To portray these stories of happiness, the campaign referred to examples from within the RPG Group companies – KEC International and Seniority.in, its CSR Initiative Pehlay Akshar and its employee friendly policies.

    The Hello Happiness campaign marks the beginning of the group’s ‘Happiness’ legacy, with many additions and variations to come.

  • Ad Club announces nomination list for ‘Marquees 2017’

    MUMBAI: India’s foremost advertising community The Advertising Club has unveiled the much-awaited nomination list for the  coveted Marquees 2017. Presented by News18 India, powered by Colors and MTV and partnered by One India in its debut edition, Marquees 2017  nomination list includes thought leaders who have been category game changers and innovators.

    The awards have been adjudged by industry stalwarts that includes Harsh Goenka, Chairman – RPG Enterprises, Ronnie Screwvala, Co-Founder – UpGrad; Agnello Dias – Chairman and Co-Founder, Taproot India; Naveen Chopra –  Ex COO, Vodafone and Sr Advisor, TPG Capital; Dilip Cherian – Founding Partner, Perfect Relations and CVL Srinivas, CEO South Asia – GroupM. These stalwarts along with Sanjiv Mehta, ‎CEO and Managing Director, Hindustan Unilever Limited as jury chair.  

    The Advertising Club president Raj Nayak said “The diverse  jury panel has nominated path breaking marketeers who who each played an instrumental role in redefining benchmarks in their respective categories. The brands that have been nominated have been credited with curating campaigns that have facilitated social and behaviorial change.”

    Marquees 2017 chairman Partho Dasgupta said, “Marquees 2017 jury  has nominated marketeers and brands who have challenged the conventional communication paradigm. We would like to congratulate   the nominees for making it to the coveted list of the debut edition of the marquees, curated  after extensive deliberation  and discussion by the esteemed jury panel.”

    Marquees is set to be a grand affair bringing together thought leaders and industry veterans from Advertising, Marketing and Media Fraternity.  The awards endeavours to evaluate and recognize success of the brands by judging them basis not only just how they advertised across platforms, but also taking into account important factors like the pricing, distribution and purpose the brand served for the consumers at the end of the day.  

     

    Category

    S. NO

    Nominee

    1

    Banking

    1

    ICICI BANK

    2

    STATE BANK OF INDIA

    3

    AXIS BANK

    4

    HDFC BANK

    5

    PUNJAB NATIONAL BANK

    2

    Insurance

    1

    HDFC STANDARD LIFE

    2

    SBI LIFE INSURANCE

    3

    NEW INDIA INSURANCE

    4

    LIC

    5

    UNITED INDIA INSURANCE

    3

    Food

    1

    PARLE PRODUCTS

    2

    GOKUL AGRO

    3

    FORTUNE FOODS

    4

    WAI WAI NOODLES (CG GLOBAL)

    5

    EVEREST SPICES

    4

    Home Care

    1

    SURF (HINDUSTAN UNILEVER)

    2

    GOODKNIGHT (GODREJ CONSUMER PRODUCTS)

    3

    WHEEL (HINDUSTAN UNILEVER)

    4

    PATANJALI AYURVED

    5

     VIM (HINDUSTAN UNILEVER)

    5

    Durables

    1

    SAMSUNG ELECTRONICS

    2

    GODREJ

    3

    LG ELECTRONICS

    4

    VIDEOCON

    5

    HAIER

    6

    Beverages

    1

    TATA GLOBAL BEVERAGES

    2

    COCA COLA

    3

    FROOTI (PARLE AGRO)

    4

    BROOKE BOND (HINDUSTAN UNILEVER)

    5

    GLUCON D (KRAFT HEINZ)

    7

    Personal Care

    1

    CLINIC PLUS (HINDUSTAN UNILEVER)

    2

    COLGATE

    3

    NIHAR (MARICO)

    4

    LIFEBUOY (HINDUSTAN UNILEVER)

    5

    HEAD & SHOULDERS (PROCTOR & GAMBLE)

    8

    Telecom: Services

    1

    VODAFONE

    2

    RELIANCE JIO

    3

    IDEA CELLULAR

    4

    BHARTI AIRTEL

    5

    BSNL

    9

    AUTO: 4 Wheelers

    1

    HYUNDAI MOTOR

    2

    RENAULT

    3

    MARUTI SUZUKI

    4

    NISSAN MOTOR

    5

    TATA MOTORS

    10

    AUTO: 2 Wheelers

    1

    HERO MOTORCORP

    2

    HONDA MOTORCYCLE & SCOOTER

    3

    TVS MOTOR

    4

    BAJAJ AUTO

    5

    ROYAL ENFIELD

    11

    E-Commerce

    1

    PAYTM

    2

    MYNTRA

    3

    AMAZON INDIA

    4

    FLIPKART

    5

    EBAY INDIA

    12

    Telecom: Handset

    1

    SAMSUNG ELECTRONICS

    2

    VIVO SMARTPHONES

    3

    XIAOMI SMARTPHONES

    4

    OPPO

    5

    MICROMAX

     

    Category

    S. NO

    Nominee

    1

    Banking

    1

    ICICI BANK

    2

    STATE BANK OF INDIA

    3

    AXIS BANK

    4

    HDFC BANK

    5

    PUNJAB NATIONAL BANK

    2

    Insurance

    1

    HDFC STANDARD LIFE

    2

    SBI LIFE INSURANCE

    3

    NEW INDIA INSURANCE

    4

    LIC

    5

    UNITED INDIA INSURANCE

    3

    Food

    1

    PARLE PRODUCTS

    2

    GOKUL AGRO

    3

    FORTUNE FOODS

    4

    WAI WAI NOODLES (CG GLOBAL)

    5

    EVEREST SPICES

    4

    Home Care

    1

    SURF (HINDUSTAN UNILEVER)

    2

    GOODKNIGHT (GODREJ CONSUMER PRODUCTS)

    3

    WHEEL (HINDUSTAN UNILEVER)

    4

    PATANJALI AYURVED

    5

     VIM (HINDUSTAN UNILEVER)

    5

    Durables

    1

    SAMSUNG ELECTRONICS

    2

    GODREJ

    3

    LG ELECTRONICS

    4

    VIDEOCON

    5

    HAIER

    6

    Beverages

    1

    TATA GLOBAL BEVERAGES

    2

    COCA COLA

    3

    FROOTI (PARLE AGRO)

    4

    BROOKE BOND (HINDUSTAN UNILEVER)

    5

    GLUCON D (KRAFT HEINZ)

    7

    Personal Care

    1

    CLINIC PLUS (HINDUSTAN UNILEVER)

    2

    COLGATE

    3

    NIHAR (MARICO)

    4

    LIFEBUOY (HINDUSTAN UNILEVER)

    5

    HEAD & SHOULDERS (PROCTOR & GAMBLE)

    8

    Telecom: Services

    1

    VODAFONE

    2

    RELIANCE JIO

    3

    IDEA CELLULAR

    4

    BHARTI AIRTEL

    5

    BSNL

    9

    AUTO: 4 Wheelers

    1

    HYUNDAI MOTOR

    2

    RENAULT

    3

    MARUTI SUZUKI

    4

    NISSAN MOTOR

    5

    TATA MOTORS

    10

    AUTO: 2 Wheelers

    1

    HERO MOTORCORP

    2

    HONDA MOTORCYCLE & SCOOTER

    3

    TVS MOTOR

    4

    BAJAJ AUTO

    5

    ROYAL ENFIELD

    11

    E-Commerce

    1

    PAYTM

    2

    MYNTRA

    3

    AMAZON INDIA

    4

    FLIPKART

    5

    EBAY INDIA

    12

    Telecom: Handset

    1

    SAMSUNG ELECTRONICS

    2

    VIVO SMARTPHONES

    3

    XIAOMI SMARTPHONES

    4

    OPPO

    5

    MICROMAX

  • After IPL, it’s party time for cricketers at CEAT Cricket Awards

    After IPL, it’s party time for cricketers at CEAT Cricket Awards

    MUMBAI: At a star-studded ceremony held on Monday, CEAT Limited hosted the 2014 edition of the CEAT Cricket Rating International Awards to raise a toast to the gentleman’s game. 

    Both international and domestic talent was honoured on the basis of CEAT Cricket ratings for the year 2013-14. 

    India’s top batsman, Virat Kohli, was awarded Overall International Cricketer of the Year. Incidentally, he had won Cricketer of the Year earlier in 2011-12.

    Left-handed opener Shikhar Dhawan was conferred CEAT ODI player of the year while the youngest of the lot, Vijay Sol took home CEAT Young Player of the Year Award.

    In the T20 format, Bangladesh’s Shakib Al Hasan won CEAT International T20 player of the Year while Australia’s Mitchell Johnson picked up CEAT International Test Player of the Year.

    CEAT Indian player of the year went to Ravichandran Ashwin while IPL Season Seven Star and Australia’s own, Glenn Maxwell walked away with Most Popular Choice of the Year Award.

    A new category Domestic Cricketer of the Year was introduced to recognise talent in the domestic circuit. This time, Robin Uthappa bagged the title.

    RPG group chairman Harsh Goenka said, “This is a reiteration of the close association CEAT has with cricket and our endeavour is to recognise individual brilliances on the international cricket scene.”

    However the highpoint of the evening came when the name of cricketing legend and one of India’s greatest wicketkeepers Syed Kirmani was announced for CCR International Lifetime Achievement Award. 

    Kirmani got a standing ovation from the crowd as he received the award, teary eyed, to a rousing applause. The man who represented India in 88 tests and 49 ODIs and called it a day after sending cricketers packing a record 234 times was accompanied by his family on the occasion.

    Chief adjudicator of the CEAT Cricket Rating and India’s greatest opening batsman Sunil Gavaskar said “CEAT International Cricket rating Awards is one of the most important events in the cricketing calendar as it recognises the achievements of the players from grassroots to the international arena. And it has now reached its 19th year.” 

    On Kohli’s win a second time this year Gavaskar said, “It is good to see an Indian winning the main award again and that he has won it a second time at such a young age.”

    The event featured a comedy act performed by renowned stand-up comedian Saurabh Pant, who through his witty one liners on cricket, brought cheer to the packed audience. The event culminated with a sensational Bollywood performance by Desi Boys star Chitrangada Singh.

  • Law & Kenneth to create new corp identity for Sanjiv Goenka

    Law & Kenneth to create new corp identity for Sanjiv Goenka

    MUMBAI: Sanjiv Goenka, younger son of Rama Prasad Goenka, is creating a new corporate identity for his share of the RPG Group and has assigned the re-branding job to Law & Kenneth.
     
    Goenka is spending over Rs 250 to 300 million on the new design, logo and the subsequent communication campaign.

    Law & Kenneth has already begun the re-branding process and the new image would be launched around June this year.

    In February last year, RP Goenka divided the Rs 170 billion RPG Group between his two sons.
     
    Since January last year, Law & Kenneth, Kolkata has been handling the creative business for the private labels of Spencer‘s Retail, which is now owned by Sanjiv Goenka.

    Sanjiv Goenka’s corporate brand will be called RP Sanjiv Goenka Group, while his elder brother Harsh Goenka retains the RPG brand name.
     
    Post-division, Sanjiv Goenka got the charge of power utility CESC, Noida Power, music company Saregama, Phillips Carbon Black, retail chain Spencer’s Retail, and music chain Music World.

    Harsh Goenka is in charge of tyre maker Ceat, infrastructure firm KEC International, IT company Zensar Technologies and RPG Lifesciences.