Tag: šŸ‘Øā€šŸ’»StartupTalkers

  • Bernard Arnault: Chairman & CEO of LVMH

    Bernard Arnault is a French billionaire businessman and an art collector. He is the Chairman and Chief Executive Officer (CEO) of the world’s largest luxury-goods company, LVMH Moet Hennessy- Louis Vuitton SE. He also serves as the Chairman of the French luxury goods company, Christian Dior SE. Both companies are interconnected as Dior itself holds 42.36% shares of and 59.01% voting rights within LVMH.

    Arnault became the richest person in fashion in April 2018. He briefly surpassed Jeff Bezos to become the world’s richest person in December 2019. He again became the world’s richest person for a short period in January 2020. With a net worth of $180.6 billion, Bernard Arnault is the richest man in the world in 2022.

    Bernard Arnault – Biography

    Name Bernard Jean Etienne Arnault
    Born 5 March 1949
    Birthplace Roubaix, France
    Age 73
    Nationality French
    Education Ecole Polytechnique, Palaiseau
    Profession Businessman; Media proprietor; Art Collector
    Position Chairman & CEO at LVMH; Chairman of Christian Dior SE
    Net worth $180.6 billion (Forbes 2022)
    Father Jean Leon Arnault
    Mother Marie-Josephe Savinel
    Spouse Anne Dewavrin (1973-1990); Helene Mercier (since 1991)
    Children 5

    Bernard Arnault – Personal Life
    Bernard Arnault – Education
    Bernard Arnault – Professional Life
    Bernard Arnault – Chairman of Christian Dior
    Bernard Arnault – Chairman & CEO of LVMH
    Bernard Arnault – Art Collector
    Bernard Arnault – Honors & Awards


    The income of the Top Richest people in the world | [2019 Updated]
    With the increase in their wealth, the richest of the people also inspire theworld to come to their level. However, very few people can hustle as the richestdo. Hence, top inspire more people to hustle and motivate them, here is a listof the top world richest man monthly income in a year, month, …


    Bernard Arnault – Personal Life

    Bernard was born in Roubaix, France. His father, Jean Leon Arnault was a manufacturer. His mother, Marie-Joseph Savinel was intrigued by the Dior brand. He married Annie Dewavrin in 1973 and they had two children, Delphine and Antoine. After getting divorced, he married Helene Mercier who was a Canadian concert pianist. They had three children and the family currently lives in Paris, France.

    Bernard Arnault – Education

    Bernard studied at Lycee Maxence Van Der Meersch in Roubaix. He was later enrolled in Lycee Faidherbe in Lille. He completed his graduation from the leading school of France Ecole Polytechnique in 1971.

    Bernard Arnault – Professional Life

    Bernard started his professional career after completing his studies. In 1973, he joined his father’s company, Ferret Savinel. He served as the President of the company from 1978-1984. He was a member of the Board of Advisors of the Malaysian 1MDB fund from 2010 to 2013.

    He acquired many companies including, Celine, Berluti, Kenzo, Guerlain, and Loewe. He also purchased the French economic newspapers, La Tribune, and Les Echos.

    He is a brilliant Investor as well. He had invested in major companies like Zebank, Boo.com, Libertysurf, Netflix, Colony Capital, Carrefour, Princess Yachts, and Royal van Lent. As a Philanthropist, he and his family pledged to donate €200 million for the reconstruction of Notre Dame cathedral after a fire. In 2019, he and his son finalized a donation of €100 million.


    Fashion Startups for Best Wardrobe Collection 2018
    The fashion industry is flourishing with a number of fashion startups in Indiathat are working hard to be popular in the market. Although, social media[https://startuptalky.com/tag/social-media/] has more or less changed the waypeople style themselves. However, fashion startups have utilized this…


    Bernard Arnault – Chairman of Christian Dior

    Dior Homepage
    Dior Homepage

    Bernard acquired a luxury goods company in 1984 with the help of Lazard Freres. He then became the CEO of the acquired company, Financiere Agache.

    Gradually, he took control of the textile company, Boussac Saint-Freres, which owned Christian Dior, Le Bon Marche, Conforama, and Peaudoce. He sold all the company’s assets and kept only the Christian Dior brand and Le Bon Marche department store.

    Brand Value of Dior Worldwide from 2016 to 2022
    Brand Value of Dior Worldwide from 2016 to 2022

    In 2022, the Dior brand was valued approximately at $8.9 billion whereas, the brand’s valuation was roughly $4.6 billion in 2017.

    Bernard Arnault – Chairman & CEO of LVMH

    Company Name Moƫt Hennessy Louis Vuitton (LVMH Group)
    Founders Bernard Arnault, Alain Chevalier, and Henry Racamier
    Founded in June 3, 1987
    Headquarters Paris, France
    Industry Luxury goods
    Valuation $371.47 Bn (2022)

    LVMH Homepage
    LVMH Homepage

    Bernard spent $1.5 billion to establish a holding company with Guinness that had 24% of LVMH’s share. He again provided $600 million to acquire 13.5% more of LVMH and became the largest shareholder of LVMH. Gradually, he acquired 43.5% of LVMH’s shares and 35% of its voting rights. A filing with the French market authority showed the Arnault family owns 47.99% of LVMH and has 63.5% of voting rights in the company.

    He was unanimously elected chairman of LVMH on 13 January 1989. He has significantly transformed it into one of the largest luxury groups in the world. Under his leadership, the company’s sales and profit grew by a factor of 5 and 15 times the market value of LVMH.

    In 2021, the company had over 175,000 employees from 179 nations and generated $68.54 billion in revenues. It controls 75 prestigious brands and has a retail network of over 5,500 stores worldwide.

    LVMH’s revenue was $60.33 billion in the first nine months of 2022, 28% more compared to the same period in 2021. As per Forbes, it had $75.9 billion in revenue in 2022. The organic revenue growth was 20%.

    Bernard Arnault – Art Collector

    Bernard was a young fashion designer and he used to collect art pieces. His collection includes Picasso, Yves Klien, Henry Moore, and Andy Warhol. His art-collecting habit made LVMH a major patron of art in France. He created an international competition, open to students from fine arts schools. Every year, the winner is bestowed with a grant to support the creation of the designer’s label with a year of mentorship.

    He owned an auction house, Philips de Pury & Company from 1998 to 2003. Along with that, he bought the first French auctioneer, Tajan. In 2006, he introduced a project dedicated to the creation and contemporary art. The project was named Louis Vuitton Foundation and its building was inaugurated on 20 October 2014.


    Chris Xu | Founder & CEO | Shein | Controversies | Growth | Funding |
    Chris Xu, also known as YangTian Xu is the Chief Executive Officer (CEO) of thefashion e-commerce, Shein [/shein-success-story/]. He founded Shein in 2008 andthe online clothing store serves to more than 220 countries and regions aroundthe world. Shein is a China-based online shopping platform th…


    Bernard Arnault – Honors & Awards

    • On 10 February 2007, he received Commandeur de la Legion d’Honneur
    • On 14 July 2011, he was conferred with the Grand Officer de la Legion d’Honneur
    • In 2011, he received the Woodrow Wilson Award for Global Corporate Citizenship
    • In 2012, he was awarded the Honorary Knight Commander of the Most Excellent Order of the British Empire
    • In March 2014, he received the Museum of Modern Art‘s David Rockefeller Award

    FAQs

    Who is Bernard Arnault?

    Bernard Arnault is a French billionaire businessman and an art collector. He is the Chairman and Chief Executive Officer (CEO) of the world’s largest luxury-goods company, LVMH Moet Hennessy- Louis Vuitton SE.

    What does LVMH stand for?

    LVMH stands for Moƫt Hennessy Louis Vuitton.

    Who is the richest French person?

    Bernard Arnault is the richest French person and also the richest person in the world with a net worth of $180.6 Bn.

    Does Bernard Arnault own Louis Vuitton?

    Bernard Arnault has about half of LVMH’s shares and the majority of its voting rights. He has been Chairman and CEO of the company since 1989.

  • Sean Parker – Facebook’s First President and Co-Founder of Napster

    Sean Parker is an American entrepreneur who is known for co-founding a file-sharing computer service Napster and serving as the first president of Facebook. He also co-founded Plaxo (an online address book); Causes (a civic technology app and website for campaigning ); Airtime.com (a group video chat app for iOS); and Brigade (a civic technology platform).

    He is the Founder and Chairman of his philanthropic firm, the Parker Foundation. He ranked 380 on Forbes 400 (2022) and 1,096 on the Forbes 2022 list of the world’s billionaires with a net worth of $2.8 billion. Here is Sean Parker’s Biography, Personal Life, Education Professional life, Entrepreneurship, and Philanthropic life.

    Sean Parker – Biography

    Name Sean Parker
    Born December 3, 1979
    Birthplace Herndon, Virginia, U.S.
    Age 42
    Nationality American
    Education Oakton High School, Chantilly High School
    Profession Entrepreneur, Investor
    Position President of Facebook, Chairman of Parker Foundation, Managing Partner at The Founders Fund
    Founder at Parker Foundation
    Co-founder of Napster, Airtime, Causes, Brigade
    Net worth $2.8 billion (Forbes 2022)
    Board member of Spotify, Yammer
    Father Bruce Parker
    Mother Diane Parker
    Marital Status Married (2013)
    Spouse Alexandra Lenas
    Daughter Winter Victoria Parker
    Son Zephyr Emerson Parker

    Sean Parker – Personal Life
    Sean Parker – Education
    Sean Parker – Professional Life
    Sean Parker – Co-founder of Napster
    Sean Parker – Co-founder of Plaxo
    Sean Parker – Co-founder of Brigade Media
    Sean Parker – Philanthropist


    Sean Parker – Personal Life

    Sean Parker’s tip for success

    Sean was born to Diane and Bruce Parker, who was a U.S. government oceanographer and Chief Scientist at National Oceanic and Atmospheric Administration (NOAA). His mother, Diane Parker was a TV advertising broker.

    He likes programming and hacking since his early teens. Sean was once convicted because he tried to hack a network of a Fortune 500 company and FBI agents tracked the 16-year-old boy through his IP address. He was sentenced to community service owing to his juvenility.

    In 2013, he married Alexandra Lenas, who is a singer-songwriter. The couple has two children namely Winter Victoria Parker and Zephyr Emerson Parker.

    Sean Parker – Education

    Sean completed his formal education at Oakton High School, in Virginia and later at Chantilly High School. At school, he used to spend most of his time in the computer lab and practicing coding. Thus, he soon became a passionate programmer and used to intern at companies while studying in his high school.

    He used to write codes for startup companies. He worked as an intern for Mark Pincus for his startup FreeLoader. He further completed his graduation in 1998. The Central Intelligence Agency (CIA) recruited him after seeing his winning potential at the Virginia state computer science fair for developing a Web Crawler.


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    Sean Parker – Professional Life

    While studying in his senior year of high school, he earned more than $80,000 a year through internships and projects. He convinced his parents to let him skip college and pursue a career as an entrepreneur. He was an avid reader and believed in self-learning.

    He is also the managing partner at the Founders Fund, a venture capital fund founded by Peter Thiel. While working there, he invested in a Swedish streaming music service, Spotify to share Napster’s music legally. He also established a philanthropic firm named, Parker Foundation.


    Peter Thiel | Co-founder and Former CEO of PayPal | Founder of Thiel Foundation |
    Peter Thiel is a German-American entrepreneur and venture capitalist, a personwho makes investments in companies in exchange for an equity stake. He is the Co-founder of PayPal [https://www.startuptalky.com/paypal-success-story/], Palantir Technologies, and Founders Fund. He became Facebook’s fir…


    Sean Parker – Co-founder of Napster

    Napster Homepage
    Napster Homepage

    At age 15, Sean met a 14-year-old boy Shawn Fanning through the internet. Both of them fused over topics like theoretical physics and hacking. After two years, they founded Napster, a free file-sharing service for music.

    Sean raised $50,000 and launched it in June 1999. Napster had 10 million users within a year but it was opposed by the recording labels, the Recording Industry Association of America, the heavy metal band Metallica and a few others.

    Eventually, the lawsuits from several industries did not allow him to run Napster. However, Napster is considered the fastest-growing business of all time and it revolutionized the music industry. It is believed through some reports that Napster is an antecedent to iTunes.

    Sean Parker – Co-founder of Plaxo

    Plaxo Homepage
    Plaxo Homepage

    Sean Parker launched an online address book and social networking service, Plaxo in November 2002. It was initially a social networking tool, which would later influence the growth of companies like LinkedIn, Zynga, and Facebook.

    Plaxo grew with 20 million users and became the first-ever brand to use viral marketing in its launch. In 2004, he was driven out of the company’s financiers, Sequoia Capital and Ram Shriram. It is said that he exited by allegedly hiring private investigators to follow him.

    Sean Parker – Co-founder of Brigade Media

    Brigade Homepage
    Brigade Homepage

    Sean announced his new startup Brigade in April 2014. The platform was made with an aim of civic management, to counter a lack of political engagement and interest in all levels of government across America. He serves as the Chairman of the Brigade with an initial round of personal funding of $9.3 million. Brigade acquired an online platform for social impact and political activism, Causes in 2014.


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    Sean Parker – Philanthropist

    Sean is an active Philanthropist and has assiduously donated to cancer research, global public health, and civic engagement. He even pledged $24 million to create the Sean N. Parker Center for Allergy Research at Stanford. He made a $10 million grant to create the Sean N. Parker Autoimmune Research Laboratory at UCSF.

    He established Parker Foundation and declared in June 2015 to contribute $600 million to launch the organization to approach large-scale challenges, including, insight, capital, science and technology, organization building, and public policy.

    He further donated $250 million to establish Parker Institute for Cancer Immunotherapy. He serves as a Board member of the Obama Foundation, Global Citizen, Parker Institute for Cancer Immunotherapy, Parker Foundation, and Museum of Contemporary Art, Los Angeles.


    List of Top 10 Philanthropist in India 2021
    A philanthropist is a person who donates their wealth for the betterment of the world. Here’s a list of the top philanthropist of India.


    Conclusion

    Sean Parker is recognized as a genius and credits his college education to the establishment of Napster, through which he eventually became competent in intellectual property law, corporate finance, and entrepreneurship. He further co-founded ventures like Plaxo, Airtime, Brigade, and Causes. He was the first investor at Facebook and became its president after five years of its establishment.

    FAQs

    Who is Sean Parker?

    Sean Parker is an American entrepreneur who is known for co-founding Napster, a file-sharing computer service.

    Which companies has Sean Parker founded?

    Sean Parker also co-founded an online address book – Plaxo, an online campaigning platform – Causes, a group video chat app – Airtime.com, and a civic technology platform – Brigade Media.

    What was Sean Parker’s role on Facebook?

    He was the first president of Facebook. Sean Parker’s fortune stems from his brief tenure, at age 24, as Facebook’s president.

    Is Sean Parker still part of Facebook?

    After his brief stint as Facebook’s president, he returned to the music industry, investing early in Spotify and serving on its board until 2017. Parker began tinkering with a social network focused on politics in 2015 and has mainly focused his work on the political arena in the last few years.

    Where is Sean Parker now?

    Parker is now a venture capital investor and philanthropist. Parker’s interest in music led him to invest in Spotify in 2010. He left the Board of Directors in June 2017.

  • Irina Proskurina: Helping People Create Success Everywhere She Goes

    From humble beginnings in a small town in Eastern Europe to big city living under the bright lights of New York City, Irina Proskurina has done it all. She’s a model that has traveled all over the world working for some of the most well-known brands on the planet: Armani, Hugo Boss, and Loreal to name a few.

    Fast forward to 2022 and Proskurina has elevated herself to new heights. ā€œI think helping people is my purpose,ā€ said Proskurina in a 2017 interview. The past few years of her career have brought that statement to life. She is the founder and CEO of the modeling agency Forma Models as well as the digital marketing agency E-PR online. Proskurina holds these titles today because she operates from a place of experience and knowledge. It isn’t only that she wants to help people, she also knows how to help people get what they need.

    Early On, Irina Proskurina Knew She Was Destined for Great Things

    Born in the quiet town of Stavropol, Irina Proskurina grew up with limited social mobility. She knew that in order to do great things, she had to move out of her hometown to achieve her goals. So, at the age of 19, Proskurina moved to New York City to pursue her dream of being a model. She hit her stride as a model and found great success by learning everything she could about the industry. As she continued along her career path, Proskurina shifted her focus to another one of her childhood dreams: starting a business. In 2016, she finished her MBA in marketing, and this opened the door for many new opportunities.

    Connecting Her Passions

    As Irina Proskurina progressed in her modeling career, she noticed just how cutthroat the industry can be. She had no agency to help her close deals or sign contracts. There was no one helping her with her travel accommodations and guiding her along her journey. Proskurina saw a void in her profession and wanted to make sure that no girls would have to go through the challenges she faced.

    So, with the knowledge she built up in the modeling industry, Proskurina decided to launch her own modeling agency known as Forma Models. When asked about her agency’s mission, Proskurina had this to say:

    ā€œAs a model from Eastern Europe, I know many beautiful European girls who don’t know where to start. They don’t know what they need to do first to start their journey in the fashion world. I’m their first step! I know how difficult and dangerous it is… and I just want to help. Whether it’s visas, model apartments, pictures, or castings… I help regular girls become models… models in New York City!ā€

    Here we see a clear example of Proskurina’s determination to help people with her expertise. Her agency has opened the door for many young European women that share the same dream that Proskurina had when she first came to New York. Forma Models wouldn’t be where it is today if it didn’t have the solid foundation that Proskurina built it on, which includes a highly knowledgeable team of industry experts.

    To further help aspiring models with their journey, Proskurina created UMMA bot. UMMA is a chatbot that was designed as a tool to help models with personalized advice and offer key information about the industry. She even has her own course, ā€œHow to Become a Model in America and Beyond,ā€ where she offers more of her inside knowledge about modeling. With her expertise and knowledge of the ins and outs of modeling, Proskurina has helped young women not only navigate, but thrive in the modeling industry.

    Irina Proskurina Has a High Standard of Success in Multiple Industries

    While Irina Proskurina has had tremendous success both as a model and modeling agency CEO, her ambition has helped her thrive in other industries as well. After earning her MBA in Marketing, Proskurina became well-equipped with the tools necessary to take her ambitions and make them a reality.

    Another one of Proskurina’s ambitions was to create an agency that could help brands and individuals get media exposure and recognition. This desire inspired Proskurina to create E-PR online, a public relations agency that helps its clients promote themselves in a hyper-competitive business world.

    Ranking at the top of a Google search and Google news can be life-changing for a business/brand. With so many skilled entrepreneurs fighting for a slice of the market, finding ways to stand out is crucial. This is exactly what E-PR online is designed to provide for its clients.

    E-PR online offers a wide range of services to help its customers grow their brand and their business. You get much more from E-PR online than a simple advertisement. The agency provides professionals that help with their clients’ SMM, SEO, brand identity, Telegram bot-building, and so much more. E-PR online’s media partners are among the best in the world: Forbes, The New York Times, GQ, Bloomberg… the list goes on and on. Growing a business and building a brand is no easy task in today’s environment. But with Proskurina’s expertise and connections along with an extremely competent team at E-PR online, making the world aware of who you are and what your brand is all about won’t be an issue.

    Proskurina has a wealth of experience in the digital media world. She understands just how valuable it is to have a strong presence online and the wonders it can do for a business. That’s why E-PR online offers wide-ranging and comprehensive services. With E-PR online, you can get an article about you and your company published in the AP or have a Wikipedia page curated by a team of professional writers.

    Once being a young girl from a foreign country trying to make it big in New York, Proskurina learned all the challenges that come with exposure and selling yourself and your brand. She took those lessons and built a team to ensure that its customers don’t have to face the issues that she did years ago. With E-PR online, Proskurina has given people the opportunity to make a name for themselves and thrive the same way she has.

    The Sky’s The Limit

    Even with all that Irina Proskurina has accomplished in her career thus far, she is only scratching the surface of her potential. She is consistently pushing herself to learn new things and adapt with the times to ensure that her businesses offer solutions that are effective and of the highest quality. With her continuous dedication to her craft, her businesses will undoubtedly continue to flourish. Best of all, Proskurina will continue to help people, exactly the way she always envisioned she would be doing.

  • From Chaos to Success: The Mike Koshatko Story

    Sometimes ā€œovernight successā€ takes many years of hard work and dedication. That’s what Mike Koshatko discovered when he moved from Ukraine to the United States with just $300 in his pocket. The only food he could afford to eat was ramen noodles. Today, he is a serial entrepreneur with successful businesses like Ofirio, an innovative real estate website.

    Mike Koshatko exemplifies a modern day ā€œrags to richesā€ story beginning with the chaotic start to his life in America in 2014. He initially settled in Denver and moved cross-country multiple times in search of a better life.

    His journey included living in North Carolina, where he and some friends hitchhiked and walked for seven hours to reach a commune. A stranger helped them find a safe place to stay and allowed them to pay later. Then came North Dakota, where he lived and worked on a farm. Unfortunately for Mike, his isolation triggered a depressive episode. He then moved to Key West, where he started out as a salesman and soon moved up to a managerial position.

    But he never allowed himself to get stuck in a comfort zone. It turned out that this restlessness was his biggest advantage in business. Moving around and looking for new and better opportunities inspired Mike to seize every chance he could get, all the while learning lessons and skills along the way.

    He soon realized that if he couldn’t find the opportunities he longed for, he would have to create them for himself.

    Things finally started to turn around for Mike when he moved to Miami. He met a real estate agent who encouraged him to get into the business. He took an expedited real estate course and became a licensed realtor just two weeks later. Mike jumped at the chance to work with international real estate management clients in Europe. Always looking for the next opportunity, he launched a vacation rental management company.

    But the true start of Mike’s financial independence began when he launched his first e-commerce company. This allowed him to learn marketing, SEO, sales, conversions, and online business through courses and on the job. Most importantly, he applied everything he learned.

    After achieving success selling on Amazon, he met Jurgis Plikaitis, through a real estate listing. The two became friends and they decided to become business partners. In-depth research revealed that there was a gap in the arts and crafts market. That prompted them to start Arteza, a company that sells art supplies. At first, they started selling better quality pencils. Arteza later expanded to carry all sorts of arts and crafts products. The company grew by a whopping 7500% and landed in 32nd place out of 5000 arts and crafts stores – a massive win early in the company’s career.

    Mike and his co-founder Jurgis were working 12-hour days to keep Arteza up and running. Eventually, Mike found himself in the hospital for burnout. This event was a big lesson for him. He learned that he needed to achieve more balance in his life by incorporating breaks, taking family time – and also taking time out for himself to have some fun.

    Mike exited Arteza in 2020 and started dabbling in stocks and real estate. He quickly realized that there was a gap in the market for helping investors and individuals work out a property’s potential long-term value. This led to the startup that Mike is currently working on, Ofirio. Ofirio provides in-depth information that allows investors and individuals to look at the rental properties available and immediately see their value, the return on investment and other financial metrics. Ofirio allows people to make the best real estate investment decisions to achieve their goals.

    There are many lessons in business – and in life – that can be taken from Mike Koshatko’s story. First, it takes focus and applying what you’ve learned to achieve success. According to Mike, to succeed in your business career you need to become ā€œcomfortable with being uncomfortable,ā€ and trust the process.

    Another takeaway is that removing yourself from your comfort zone and seeking better opportunities for yourself is what creates a better life. Mike could have chosen to stay in many positions, but instead he opted to venture out and reach for something better. He truly believes that comfort zones breed stagnancy, and stagnancy is what kills your dreams.

    Mike believes that there is no such thing as overnight success. True and sustainable success takes years of hard work. It has been eight years since Mike Koshatko began his journey. He believes in his future goals and that he still has many opportunities in front of him still to come.

  • Journey of Cyrus Mistry | The Indian-Born Irish Businessman and Former Chairperson of the Tata Group

    Cyrus Pallonji Mistry was an Indian-born Irish businessman. He was the sixth chairperson of the Tata Group, an Indian Business Conglomerate for nearly five years. Furthermore, Cyrus Mistry was the second individual to run the corporation who did not have the surname Tata, following Nowroji Saklatwala, an Indian businessman.

    Through his company, Cyrus Investments Pvt. Ltd., he held an 18.4% stake in Tata Sons. Recently, his untimely demise has left the nation in shock with many businesspeople and politicians condoling his unfortunate demise. Cyrus Mistry had a net worth of about $10 billion at the time of his death.

    Let’s take a read through Cyrus Mistry’s successful journey of becoming an Indian-Irish Businessman and all the key aspects of his career, education, and many more interesting facts.

    Cyrus Mistry – Biography

    Name Cyrus Pallonji Mistry
    Born 4 July 1968
    Birthplace Mumbai, India
    Died 4 September 2022 (aged 54 years)
    Citizenship Irish
    Education Imperial College London, London Business School
    Occupation Businessman
    Net Worth $10 billion approx (2022)
    Wife Rohiqa Chagla
    Children Firoz Mistry and Zahan Mistry

    Cyrus Mistry – Personal Life
    Cyrus Mistry – Education
    Cyrus Mistry – Career
    Cyrus Mistry – Controversy
    Cyrus Mistry – Unknown Facts

    Cyrus Mistry Killed in Car Accident | PM Modi Calls it a Big Loss to the World of Commerce

    Cyrus Mistry – Personal Life

    Cyrus Mistry was born in Mumbai, Maharashtra, to a Parsi family, as the younger son of Indian billionaire and construction magnate Pallonji Mistry and his wife Patsy Perin Dubash. Cyrus Mistry’s father, Pallonji Mistry, was the head of the Shapoorji Pallonji Group, a multinational corporation founded in the 19th century by Pallonji Mistry’s grandfather.

    The Mistry family was a part of Mumbai’s Parsi community, Zoroastrian followers who had prospered as merchants and entrepreneurs since colonial times. Both of Cyrus Mistry’s parents are Zoroastrian and have origins in India. His mother, on the other hand, was born in Ireland, and his father decided to get Irish citizenship. Cyrus has three siblings, Shapoor Mistry, his elder brother, and two sisters; Laila and Aloo. Laila is married to Rustom Jehangir, a portfolio fund manager in London. Aloo is married to Noel Tata, Ratan Tata’s half-brother.

    Cyrus Mistry’s grandfather, Shapoorji Mistry, initially purchased a share in Tata Sons in the 1930s. Mistry’s father had a shareholding, which today stands at 18.4%, and it is the largest block of shares held by a single entity.

    Cyrus Mistry and His Wife, Rohiqa Chagla
    Cyrus Mistry and His Wife, Rohiqa Chagla

    Cyrus Mistry married Rohiqa Chagla, the daughter of barrister Iqbal Chagla and granddaughter of M.C. Chagla, a former Minister of External Affairs of India. Iqbal Chagla also advised Cyrus Mistry on the best line of action in his legal dispute with Tata Sons. Firoz Mistry and Zahan Mistry are the sons of Cyrus Mistry and Rohiqa Chagla.


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    Cyrus Mistry – Education

    Cyrus Mistry had his formal education at the reputed Cathedral & John Connon School in South Mumbai.

    In 1990, he received a Bachelor of Engineering in civil engineering from the University of London after studying at Imperial College London. Later, he attended London Business School and received an International Executive Master in Management from the University of London in 1996.

    Cyrus Mistry – Career

    Cyrus Mistry joined the family firm as the Director of Shapoorji Pallonji & Co. Ltd. in 1991. Three years later, he was named the group’s Managing Director. His father, Pallonji Mistry served on the board of Tata Sons.

    After his father’s retirement, Cyrus Mistry joined Tata Sons’ Board of Directors in September 2006. From September 1990 to October 2009, he was the Director of Tata Elxsi Limited, and he was also the Director of Tata Power Co. Ltd till September 2006. In addition, Cyrus Mistry was the chairman of all major Tata corporations, including Tata Consultancy Services, Tata Motors, Tata Industries, Tata Steel, Tata Teleservices, Indian Hotels, Tata Global Beverages, and Tata Chemicals.

    Regardless, in October 2016, the members of the Tata Sons Board agreed to dismiss Cyrus Mistry as the Chairman of Tata Sons over some disagreements with his way of handling the business of the company.

    Besides serving as the Chairperson of Tata Group, Mistry was also a non-executive director at Forbes Gokak Ltd and a senior vice-president for operations and planning at Convergence Media Pvt Ltd and UTV Toons India.

    Cyrus Mistry – Controversy

    Cyrus Mistry Controversy with Tata Sons
    Cyrus Mistry Controversy with Tata Sons

    Cyrus Mistry’s relationship with Tata Sons got stained when he was abruptly dismissed from his post of Chairman by the Tata Sons Board on the 24th of October, 2016.

    The reason put forth by the Tata Group is that Cyrus Mistry failed to manage the company’s operations in an appropriate manner such as the dispute with NTT DoCoMo, due to which they had to decide to terminate him from the company after offering him the chance to resign voluntarily. As a result, Cyrus Mistry started a legal fight with Tata Sons.

    In July 2018, the National Company Law Tribunal (NCLT), which condemns disputes about Indian firms, announced a decision in favour of Tata Sons on mismanagement claims filed by Mistry in 2016, two months after his ouster as Chairman via a vote of no confidence. This wasn’t the end, as Cyrus Mistry challenged the verdict and decided to appeal against the decision.

    After his appeal against the order, the National Company Law Appellate Tribunal (NCLAT) restored Mistry as Tata Sons’ Chairperson for the remainder of his tenure in 2019. NCLAT claimed that the nomination of TCS CEO Natarajan Chandrasekaran as Tata Sons’ executive chairman was invalid. In one month, Tata Sons appealed to the Supreme Court of India against the NCLAT’s verdict. However, Mistry had remarked that he would not return to the Chairmanship of the conglomerate and instead wanted to have his membership on the company’s board. With all these happenings, the SC’s order did come in favour of the Tatas, however, they had also ruled out that Tata Sons would not use its jurisdiction under Article 25 of the Firm Law to force minority shareholders out of the company.

    The legal battle continued for another two years. Finally, the Supreme Court denied Mistry’s review petitions against its own verdict in 2021, which supported the group’s decision to remove him as the chairman, in its final judgment on May 20, 2022. With this, the six-year court fight between the Mistrys and the Tata Group concluded.


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    Cyrus Mistry – Unknown Facts

    Some of the unknown facts about Cyrus Mistry are:

    • Cyrus Mistry founded Tata Digital Healthcare in 2015 to offer healthcare services based on analytics and electronic medical records, as well as mobile tracking of health and wellness metrics. Tata Health is the company’s new name for its digital healthcare initiative.
    • Cyrus Mistry was a soft-spoken person.
    • He was fond of SUVs and horse racing.
    • Cyrus Mistry was a fitness freak who wished to live for many years.
    • He was a fellow member of the Institution of Civil Engineers.
    • Cyrus Mistry was the first non-Indian citizen to lead the Tata Group.
    • Cyrus Mistry set up a venture capital firm Mistry Ventures LLP in 2018 along with his elder brother, Shapoor Mistry.

    Conclusion

    Cyrus Mistry’s untimely death has undoubtedly seized the nation’s attention. Prime Minister Narendra Modi also expressed his grief and regarded Cyrus Mistry as a promising business leader who was greatly responsible for India’s economic growth.

    FAQs

    Who was Cyrus Mistry?

    Cyrus Mistry was an Indian-born Irish businessman. He was the Managing Director of the construction giant, Shapoorji Pallonji Group and is most popularly known as the only non-Indian to serve as the Chairperson of India’s prominent conglomerate, the Tata Group from 2012 to 2016.

    Who died in Cyrus Mistry’s car accident?

    Cyrus Mistry and Jhangir Pandole died in a car accident on September 4, 2022. The car hit the road divider on the bridge on the Surya river, leading to the death of the two on spot. The car was driven by a Mumbai-based gynaecologist, Anahita Pandole.

    Why was Mistry removed from Tata?

    The reason for the removal of Cyrus Mistry from his position in the Tata Group was mainly due to disagreements over the running of the conglomerate.

    Apart from being the Chairperson of Tata Sons from 2012 to 2016, Cyrus shares another relationship with Ratan Tata. Cyrus’s sister, Aloo is married to Noel Tata, who is the half-brother of Ratan Tata.

  • Shantanu Narayen: The Man Behind Adobe’s Success!

    The Indians have always led from the front when it comes to entrepreneurship. With various big companies like Google and Microsoft being led by Indians, it is no doubt that India is a hub of leaders. Well, let us talk about one of the most prestigious brands, Adobe Inc. You might be surprised to know that the CEO of the company is an Indian too. Meet Mr. Shantanu Narayen, the man behind Adobe’s success, CEO of Adobe since 2007.

    Name Shantanu Narayen
    Born Hyderabad, India
    Age 59
    Citizenship American, Indian
    Education Osmania University (BE), University of California, Berkeley (MBA), Bowling Green State University (MS)
    Title Chairman and Chief Executive Officer of Adobe
    Occupation Businessperson, Industrialist
    Net Worth US $287 Million

    Initial Days of Shantanu Narayen
    Why is Shantanu Narayen’s Story Important?
    Adobe Under Shantanu Narayen
    Leadership Style of Shantanu Narayen
    Major Accomplishments by Shantanu Narayen
    Wise Words From Shantanu Narayen

    Initial Days of Shantanu Narayen

    Shantanu Narayen grew up in Hyderabad. To pursue a high school education, he went to Hyderabad Public School in Hyderabad. Later on, he earned a bachelor’s degree in Electronics and Communication from the University College of Engineering, Osmania University in Hyderabad. After that, Shantanu went on to pursue an MBA from the Haas School of Business, University of California, Berkeley. Additionally, Shantanu also holds a Master’s degree in computer science from Bowling Green State University in Ohio.

    Much like every other student, Shantanu had common dreams. Initially, he wanted to become a journalist. However, his life took him to a better place he never dreamt of. According to Shantanu, to achieve goals we often have to work hard. As per Shantanu, the qualities that emerge through these efforts are recognized by our destiny and the universe selects us for a different purpose. However, that doesn’t mean we must exempt ourselves from dreaming about what we want. It is all because of the dreams, the best come out to the world.


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    Why is Shantanu Narayen’s Story Important?

    Shantanu was a common man who grew up in a common neighbourhood in Hyderabad. His mother was a teacher of American Literature and his father ran a Plastic Company. Before joining Adobe, he began his career with Apple.

    Previously, Shantanu served as a director for Silicon Graphics in desktop and collaboration products. He is also a co-founder of the company Pictra Inc. This company deals with the concept of digital photo sharing on the web. His story should be told to every student who is working hard to taste the sweetness of success. Because confident personalities like Shantanu teach us about the right direction.

    Adobe Under Shantanu Narayen

    Growth of Adobe Inc's revenue from 2004 - 2021
    Growth of Adobe Inc’s revenue from 2004 – 2021

    Presently, Adobe’s mission is to change the world digitally. It has been serving an enormous consumer base from students to business sectors. As CEO, Shantanu has transformed the company into an industry innovator by pioneering a cloud-based subscription model for its creative suite.

    Shantanu is responsible for establishing the gold standard of digital documents and creating and leading the explosive digital experience category. Presently, he is driving the company’s strategy to unleash creativity for everyone. The company has achieved record revenue and industry recognition for its inclusive, innovative, and exceptional workplace being continuously named a Great Place to Work and a Most Admired Company by Fortune.

    He joined Adobe in 1998 as the vice president of its engineering technology group. Later on, he took giant strides in the company and worked for its development and establishing Adobe as a mega-brand in the technology sector. Further, he became the COO of Adobe in 2005. Shantanu was appointed as the CEO of the company in 2007. He is also the vice-chairman of the US-India Strategic Partnership Forum. Previously, Shantanu served as the director of Dell and is a former member of the U.S. President’s Management Advisory Board.

    Leadership Style of Shantanu Narayen

    Shantanu follows the transformational style of leadership. This type of leading the team is designed to encourage people to be the best. Successful transformational leadership has the capacity of masking an organization and its workforce adaptive to change. It is a supportive initiative that inspires people to look at collective interests, rather than personal benefits. This is the reason why Shantanu has been a great leader.

    Major Accomplishments by Shantanu Narayen

    Shantanu has been the recipient of many major honors. In 2011, Shantanu was honoured with the title of Doctor for Applied Science Degree in Alma Matter at the prestigious Bowling Green State University. He was promoted to Executive VP by Adobe before becoming the CEO of the company. Shantanu was given the responsibility of managing worldwide products. Shantanu’s name was also listed in The Top Gun CEOs by Brendon Wood International. He was even selected by US President Barack Obama as one of the board members of his management Advisory.

    Shantanu was awarded Global Innovator Award at Nasscom during its 7th Annual Global Leadership Awards in 2011. He was also honored with the prestigious Philanthropic Leadership Award in 2009. Well, it is no doubt that his success is an inspiration for the youths around the country. With a wide variety of resources available, one can make out the best of himself/herself from these resources.

    Wise Words From Shantanu Narayen

    As per Shantanu, it is important to keep one’s curiosity. He had treated all his jobs at Adobe with the same vigour and dignity. As a long-time company leader, Shantanu knew that Adobe had a strong brand with an impressive track record of developing new products, therefore, it is Shantanu’s leadership that helped Adobe to become a mega-brand in the circuit.

    Shantanu says that Adobe has always invested in projects that solved difficult challenges and stood firmly in the test of time. A major part of Shantanu’s success is viewing the larger opportunity. He always saw Adobe as a mega-brand beyond Photoshop and PDFs. Hence, an aspiring entrepreneur must visualize his project with a wider view.


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    Conclusion

    Shantanu Narayen, the CEO and Chairman of Adobe left the country to pursue his dreams but the man continues to make India proud with his great achievements. He joined Adobe as the vice president of its engineering technology group in 1998 and became the CEO in 2007. Under his leadership, the company has achieved great success both in terms of revenue and industry recognition.

    Shantanu is also known to be a recipient of India’s civilian honour Padma Shri and has been recognised as one of the world’s leading executives by many publications.

    FAQs

    When was Shantanu Narayen born?

    Shantanu Narayen was born on 27 May 1963.

    What is Shantanu Narayen’s current title?

    Currently, Shantanu Narayen is the Chairman and CEO of Adobe Inc.

    What is Shantanu Narayen’s current net worth?

    The net worth of Shantanu Narayen is approximately $287 Million dollars.

  • Top specially abled entrepreneur

    In spite of their hardships, those who are physically or mentally challenged serve as an inspiration and an example that “Anyone can do anything”. Recently, there has been much buzz about how entrepreneurs are changing the world, but little about how differently-abled entrepreneurs are changing perceptions. There is a saying that says ‘Disability is just a matter of perception.’ If you believe in yourself, then nothing can stop you.

    Would you believe that Walt Disney, the founder of the Disney Company, suffered from dyslexia growing up? Incredibly, a disabled individual became a cultural icon of the country and is still remembered today. The example I gave above illustrates how some people have changed the mindset of those who are afraid to dream big. Our special needs entrepreneurs can be found here awe-inspiring others with their business success stories.


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    Top 12 specially-abled entrepreneurs who are inspiring the world

    Sharath M Gayakwad

    Occupation Founder of Gamatics
    Establishedin 2014
    Awards Arjuna Award for Para-Swimming

    Sharath M. Gayakwad - Founder of Gamatics
    Sharath M. Gayakwad – Founder of Gamatics

    Sharath M. Gayakwad is the first Indian swimmer to qualify for the London 2012 Summer Paralympics. From adoring his sport to winning record-breaking medals for his nation, he has come a long way. In 2014, he became the first Indian to win six medals in a multidisciplinary sports competition, breaking P.T. Usha’s record. Since his swimming career began, he has achieved 39 international medals and 55 national medals, turning his biggest weakness into his biggest strength.

    With a modest socioeconomic background, he began mentoring children in November 2014 by founding a company called “Gamatics.” The startup focuses on providing high-performance practises and pieces of equipment for swimming at a very affordable rate, unlike the marketplace. Sharath wishes to impart to his students the strategies, abilities, and challenges he encountered while competing. In addition, the venture lists nutritionists and physiotherapists to give sportsmen the finest of everything.


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    Shenaz Haveliwala

    Occupation Founder of SoboConnect
    Current occupation Assistant Special Educator
    Award Outstanding person with epilepsy

    Shenaz Haveliwala - Founder of SoboConnect
    Shenaz Haveliwala – Founder of SoboConnect

    A 19-year-old girl was diagnosed with epilepsy in the first year of college and left her studies behind to focus on treating her epilepsy. During recuperation, she met patients from various states, age groups, and financial backgrounds, and each one had a story to tell. Eventually, she started volunteering after realizing that everyone goes through something, and epilepsy happened to her. She began collecting funds through social networking in 2009, which helped defray her treatment costs and covered other epilepsy patients’ costs as well. In the year that followed, she became a member of the Indian Epilepsy Association to help many people going through similar issues.

    In India, nearly 12 million people are victims of epilepsy. Still, one is there to provide employment opportunities to them, so she wants to earn independently as well as give jobs to epileptic people. She did her research on people working in a building with office space of matchbox size, and therefore, wanted to create a space for conferences or meetings that could be rented whenever needed and be budget-friendly. That’s when she started SoboConnect, establishing a 15-seater rent-by-day workspace to replace her father’s old warehouse that looks like an arbitration hall with projectors so that the meeting can be conducted effectively.

    Mohammed Gaddafi

    Occupation Co-founder Maa Ulaa bike taxi company
    Established In 2016
    Location Chennai

    Mohammed Gaddafi - Co-founder Maa Ulaa bike taxi company
    Mohammed Gaddafi – Co-founder Maa Ulaa bike taxi company

    The Maa Ulaa bike taxi company in India’s capital is the first service operated by people with disabilities, inspired and designed by Mohammed Gaddafi, who lost his legs at 19 years of age. Gaddafi derived the business idea from an amputated leg person, parking his government-provided tricycle and begging on a Chennai beach. When Gaddafi asked “Why?”, his response was “How can we lead better lives just because the government has provided bikes?”. Thus, Gaddafi decided to break ground by starting up a journey with the differently abled with his best friend Balaji. As a result, he intends to use the bicycles provided by the government of Tamil Nadu for disabled people for a good cause.

    Aditi Verma

    Occupation Founder of Aditi’s Corner
    Established In 2015
    Location Mumbai

    Aditi Verma - Founder of Aditi's Corner
    Aditi Verma – Founder of Aditi’s Corner

    There is no denying that individuals with down syndrome are changing the face of entertainment. One of them is Aditi Verma. Aditi’s mother learned that she had bronchitis in this manner when she was only 2 years and 6 months old and needed open-heart surgery. She became interested in cooking while attending a special education school, and at age 25 she launched her own cafe. Aditi’s Corner was the name of the cafe she opened, which she operated in addition to serving customers coffee and pastries. She received the Entrepreneur beyond Challenge Award from the Rotary Club of Mumbai in 2017, and despite having both physical and mental impairments, she went on to become a great achiever.


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    Simon George

    Occupation Founder of Specialcare Holidays
    Established In 2018
    Location Kerala

    Simon George, a 52-year-old engineering graduate from Kerala, has been paralyzed below the waist for more than 30 years. The wheelchair-bound man nevertheless founded SpecialCare Holidays in 2018, the country’s first travel company for people with impairments. The Kochi-based company provides excursions for those with disabilities, the elderly, the ill, and others who need extra care while on vacation. It provides services like lodging, contemporary tools, motorized wheelchairs, wheelchair-accessible transportation, knowledgeable tour guides, medical experts, nursing assistants, and sign language interpreters. Because of Simon’s efforts, the Kerala tourism administration has agreed to include “accessible tourism” as a specific service within its “responsible tourism” policy.

    Gunavathy Chandrasekharan

    Occupation In charge of Guna’s Quilling
    Established In 2013
    Location Chinnalapatti in Tamil Nadu
    Awards District and State awards

    Gunavathy Chandrasekharan - Owner Of Guna's Quilling
    Gunavathy Chandrasekharan – Owner Of Guna’s Quilling

    Gunavathy Chandrasekharan was primarily just one and a half years old when she was given the polio diagnosis. She lost much of the function in her legs and is presently unable to walk more than 20 feet without assistance. She is in charge of Guna’s Quilling, a company she founded in 2013. She uses the quilling process, in which paper strips are rolled, shaped, and glued to produce beautiful motifs, to create crafts. She sells her handmade products, which she and four other women helped produce, at markets across India and earns roughly Rs 80,000 from a single market. Gunavathy has won district and state awards in the art & craft category. To encourage Tamil Nadu children to strive for the things they are immensely passionate about, she often visits schools and institutions there.

    Pranav Desai

    Occupation Founder of VOSAP
    Established In 2015
    Awards NRI community award in Los Angeles, Corporate award

    Pranav Desai - Founder of VOSAP
    Pranav Desai – Founder of VOSAP 

    Pranav Desai, an Ahmedabad native, was four years old when he was diagnosed with polio, which left both of his legs paralyzed and required braces and a cane for him to move. Through the Voice of Specially Abled People, his organization, he decided to use his personal and professional expertise to empower those who are differently abled (VoSAP). In 2015, while working for the global conglomerate NTT Data, Pranav, an engineer, and MBA graduate, founded VoSAP. Thru openness, knowledge, and occupation, the international advocacy group—which has more than 3,000 volunteers—seeks to empower persons with disabilities.


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    Iftkhar Ali

    Occupation CEO Of ALIQAN Technologies
    Established In 2015
    Situated New Delhi

    Iftkhar Ali - CEO Of ALIQAN Technologies
    Iftkhar Ali – CEO Of ALIQAN Technologies

    Iftkhar Ali, an IIM Calcutta graduate, was given a polio diagnosis when he was just a year old. He is an Agra native who created the Delhi-based ALIQAN Technologies software and web development company. Before starting ALIQAN Technologies in 2015, he worked as a management consultant for HCL, TCS, and IMS India. He had also served as IMS India’s center operations head. A few of ALIQAN Technologies’ clients include HCL, Wipro, the Indian Air Force, the Shiv Nadar Foundation, Allizhealth, The Football Link, and Allizhealth. Iftikhar wants to expand operations in the services sector, launch two more product companies, and go into the educational sector.

    Sangita Desai

    Occupation Co-founder of Raw Nature Company
    Established In 2017
    Situated Mumbai, Maharashtra

    Sangita Desai - Co-founder of Raw Nature Company
    Sangita Desai – Co-founder of Raw Nature Company 

    Despite having Symbrachydactyly, a congenital disease involving limb abnormalities, Sangita has been a prosperous fashion designer for 25 years. While studying English literature at Sophia College, she fell in love with fashion, and in 1989 she enrolled in the American College of London to pursue a fashion degree. Sangita, who was born without any fingers, created outfits for the Vareli ad campaign for Aishwarya Rai in addition to working for Manpreet Brar, who qualified India for the Miss Universe competition, and Shweta Menon, Ms. Asia Pacific. However, in 2006, the Mumbai rains wrecked her studio, which led to a setback for her. Sangita joined her father’s essential oil company and sought to expand it significantly, refusing to let nature stand in the way of her ambition. The knowledge she acquired allowed her to launch the Raw Nature Company in Mumbai, which provides a variety of natural plant personal care products for both men and women. Her products are cruelty-free, vegan, and devoid of any synthetic dyes, fragrances, or other potentially harmful ingredients. Amazon, Flipkart, Nykaa, and other important offline retail firms are now selling Sangita’s items.


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    Shailesh Sheth

    Occupation Founder of Antarnaad
    Established In January 2015
    Situated Ahmedabad

    Shailesh Sheth - Founder of Antarnaad
    Shailesh Sheth – Founder of Antarnaad

    Shailesh Sheth, a mobility-impaired investor, founded the Antarnaad venture with the assistance of his group of physically disabled people and other young people. Prior to this, he worked for 15 years in the finance and commercial sectors. As part of the initiative, all types of disabled people must obtain training in economic empowerment. The Ahmedabad-based nonprofit supports people in Gujarat and the surrounding areas who have similar physical constraints in achieving their potential and living the lives they want.

    Conclusion

    The idea of entrepreneurship is currently the one that is most frequently discussed and pushed in the country as a way to address financial difficulties. Specially abled persons have demonstrated that their dreams and aspirations are unaffected by what others think or say about them. Even a disability can be overcome. And it is because of their talent and labor that have shaped who they are today.

  • Rakesh Jhunjhunwala: The 48th Richest Man of India

    Rakesh Jhunjhunwala is an Indian businessman, investor, and film producer. He is the owner of Rare Enterprises, a privately owned stock trading firm. According to Forbes Rich List, he has been declared the 48th richest person in India with a net worth of 520 crores (2022).

    He started investing and experimenting with stocks while studying in college. He is popularly known as the Warren Buffet of India and the King of Bull Market. He is also an active philanthropist and intends to donate almost 50% of his fortune to charitable organizations. He sponsors nearly 400 schools and advocates education for children coming from disadvantaged backgrounds.

    Rakesh Jhunjhunwala- Biography

    Name Rakesh Jhunjhunwala
    Born 1960
    Died 14 August 2022
    Birthplace Telangana, India
    Nationality Indian
    Education Sydenham College; The Institute of Chartered Accountants of India
    Profession Businessman; Investor; Film Producer
    Position Owner of Rare Enterprises
    Net worth $620 Crore (2022)
    Siblings Rajesh Jhunjhunwala; Raju Jhunjhunwala
    Spouse Rekha Jhunjhunwala
    Daughter Nishtha
    Sons Aryaman; Aryavir

    Rakesh Jhunjhunwala- Personal Life and Education
    Rakesh Jhunjhunwala- Professional Life
    Rakesh Jhunjhunwala- As an Investor
    Rakesh Jhunjhunwala- Rare Enterprises
    Rakesh Jhunjhunwala- As a Producer
    Rakesh Jhunjhunwala- Honors & Awards

    Rakesh Jhunjhunwala- Personal Life and Education

    Rakesh Jhunjhunwala
    Rakesh Jhunjhunwala

    Rakesh was born in Hyderabad, Andhra Pradesh (now in Telangana), India. He was brought up in a Mumbai-based Marwari family, where his father was employed as an income tax officer.

    He is married to Rekha Jhunjhunwala and the couple bear three children. He is known as a family man who loves his wife, brothers, and children.

    Rakesh Jhunjhunwala With His Family
    Rakesh Jhunjhunwala With His Family 

    Rakesh studied at Sydenham College of Commerce and Economics situated in Mumbai. He was qualified as a Chartered Accountant from the Institute of Chartered Accountants of India.

    On the morning of 14th August 2022, Rakesh Jhunjhunwala lost his life due to a cardiac arrest at the age of 62. During his last days, he was living in Mumbai and was rushed to Breach Candy Hospital where doctors could not save his life and reported multiple organ failure.

    His dmise was shocking for the whole Indian Business ecosystem. PM Narendra Modi shared his condolences to Rakesh Jhunjhunwala’s demise Ā in a tweet:


    Other personalities like Industrialist Gautam Adani, Finance Minister Nirmala Sitharaman, Zerodha Founder Nikhil Kamath and others also shared their condolences on social media.

    Rakesh Jhunjhunwala- Professional Life

    Rakesh is the chairman of Aptech Limited and Hungama Digital Media Entertainment Private Limited. The stocks of Rakesh fell to 30% in December 2011. He somehow recovered all those losses in February 2012.

    These roller coasters in the journey aided him to reduce his susceptibility by trimming his portfolio to one-third. However, his utmost care to dispossess his Aptech stake eventually had no takers.

    Apart from being a businessman, Rakesh Jhunjhunwala is an investor, philanthropist, and also Bollywood movie producer. He serves on the Board of directors of a bunch of Indian companies.

    Rakesh Jhunjunwala- as the Board OF Directors

    • Prime Focus Limited.
    • Geojit Financial Services.
    • Bilcare Limited.
    • Praj Industries Limited.
    • Innovasynth Technologies Limited.
    • Mid Day Multimedia Limited.
    • Nagarjuna Construction Company Limited.
    • Viceroy Hotels Limited.
    • Tops Security Limited.

    Rakesh Jhunjhunwala- As an Investor

    Rakesh got inspired by his father, who used to discuss stock trading. Eventually, Rakesh took a good amount of interest in the stocks business. After completing his studies for Chartered Accountant in 1985, Rakesh made his first investment with only Rs.5000 when the Bombay Stock Exchange Index was at 150 rupees.

    After one year, he got a profit of Rs. 5 lakh by selling 5,000 shares of Tata Tea for Rs. 143 after buying for Rs. 43 per share three months ago.

    He has invested Rs. 26 crores in the company, A2Z Maintenance. Thus he has increased his stake in the company by 3.57% to 23.2%. One of the major profits he earned was Rs. 3 lakh in 1986. Between the years 1986-1989, he earned almost Rs. 20-25 lakh profit. One of his biggest investments in the year 2020 is in the Titan Company, which is worth Rs. 4,758 crores.

    Rakesh Jhunjhunwala- Rare Enterprises

    Rare Enterprises Logo
    Rare Enterprises Logo

    Rare Enterprises is a privately owned asset management firm, which serves Indian customers. The name Rare has been derived from the combined name of Rakesh and his wife Rekha.

    Speaking of the year 2020, the company purchased 50 lakh shares of Indiabulls Real Estate through an open market transaction on NSE. After this move, the stock jumped 15.68% to Rs. 63.80 on the BSE. Moreover, it gained 15.97% to Rs. 63.90 on the NSE.

    Rare Enterprises purchased 50 lakh scrips of the company at an average price of Rs. 57.73 per share, as per NSE’s bulk deal data. This deal took a total value of Rs.28.86 crore.

    Rakesh Jhunjhunwala- As a Producer

    He has been the co-producer of some major Bollywood movies like Ki & Ka, English Vinglish, and Shamitabh. Moreover, a web series named Scam 1992, where, an actor named Kevin Dave played a role based on Rakesh.

    The Character "Rakesh" is inspired by the "Rakesh Jhunjhunwala" and played by Kavin Dave in the movie "Scam 1992"
    The Character “Rakesh” is inspired by the “Rakesh Jhunjhunwala” and played by Kevin Dave in the movie “Scam 1992”

    His movie English Vinglish was nominated under the criteria of Best Film (2013) through the platform of Filmfare Awards, Zee Cine Awards, and Awards of the International Indian Film Academy.

    There is a famous parody blog based on his life, The Secret Journal of Rakesh Jhunjhunwala, which was revealed in 2012 by The Economic Times and written by Forbes columnist Mark Fidelman for a year before it was taken over by Indian author Aditya Magal.

    A snippet of the blog published by Time Of India on Rakesh Jhunjhunwala
    A snippet of the blog published by Economic Times on Rakesh Jhunjhunwala

    Rakesh Jhunjhunwala- Honors & Awards

    • Rakesh was described as an Investor with a Midas touch by Forbes.
    • India Today described him as the pin-up boy of the current bull run.
    • The Economic Times called him the Pied Piper of Indian bourses.
    • He is ranked as the 48th richest person in India according to Forbes Rich List with a net worth of $620 Crores.

    Conclusion

    Rakesh Jhunjhunwala is the 48th richest Indian man with the most inspiring life journey. He started as a stock investor with Rs 5000 and now stands at a net worth of $620 Crores as of 2022. He is popularly known as Warren Buffet of India due to his unscalable stock knowledge. Some of the key points about Indian Warren Buffet have been shared in the above context.

    FAQs

    Who is Rakesh Jhunjhunwala?

    Rakesh Jhunjhunwala is an Indian businessman, investor, and film producer. He is the owner of Rare Enterprises, a privately owned stock trading firm.

    What is the net worth of Rakesh Jhunjhunwala?

    Rakesh Jhunjhunwala’s net worth is $620 Crores in the year 2022.

    How did Rakesh Jhunjhunwala make his money?

    Rakesh Jhunjhunwala’s first big profit was Rs 0.5 million in 1986. He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143. He made a profit of over 3 times by selling the stocks of Tata tea.

    When did Rakesh Jhunjhunwala buy titan?

    Rakesh Jhunjhunwala bought titan in the year 2002-2003 for a minimal value and holds above 7.5 crores share of Titan company.

    Is Rakesh Jhunjhunwala a CA?

    Yes, Rakesh Jhunjhunwala is a certified CA with the education completed from Sydenham College, The Institute of Chartered Accountants of India.

  • Prafull Billore Success Story – How He Built Rs 4 Crore Tea Business Empire?

    He dared to dream, and dream big. And then he decided to do it. And how!

    At the young age of 26, he carved out a niche for himself that most dream of doing. He built a Rs 4 crore tea empire that continues to grow under his leadership.

    Who is he, you ask? Ā He is Prafull Billore, the man behind the hugely successful brand MBA Chaiwala. Ā His story is as unassuming as the man himself.

    Prafull Billore – Early Life
    Prafull Billore – Career
    Prafull Billore – Journey So Far

    Prafull Billore – Early Life

    Prafull is the older son of Sohan Billore and his wife. He was born in Dhar, Indore, Madhya Pradesh on 14th January 1996. Not much is known of his childhood or his family. However, in his interview, Prafull mentions that he grew up in modest circumstances. It was his parent’s wish that he completes his MBA in order to secure a high-paying job.

    Prafull tried hard to fulfil his parent’s wish and even attempted the CAT (Common Admission Test) in order to secure admission into IIM (Indian Institute of Management) at Ahmedabad. He was unsuccessful and, well, uninterested. After three failed attempts at clearing CAT, he gave up on formal education.

    Prafull Billore – Career

    ā€œI wanted to be a big man. Bachpan se bahut tang samay dekha tha (Have seen tough times since childhood), and so my only passion was to make more money and live a comfortable life.ā€

    Prafull readily admits that his aspirations did not lie with his parents. As a young man of 20, he was still struggling to understand what he could do. He travelled to various cities in India which gave him the opportunity to meet people from diverse backgrounds.

    Meeting and talking to them gave him many insights. He read success stories about American businessmen like Jeff Bezos and Richard Branson. Prafull realized a common thread between these people. All of them, at some point in their lives, had worked for McDonald’s.

    Prafull joined McDonald’s in Ahmedabad and earned Rs. 300/- a day. Ā His interactions with customers there were educational. Says he, ā€œI also took a part-time job at McDonald’s to see how it feels to work. The salary was not much and it made me think ā€œaise bada aadmi kaise banunga, MBA ke baad bhi aise he kaam karta rahunga (how will I become a big man if even after MBA I’d work like this}?ā€ Although Prafull quickly rose up the ranks from the housekeeping staff to the cashier, he was not satisfied.

    Prafull began exploring business opportunities and quickly realized that most businesses asked for a very high initial investment. An amount that he did not have. So, he settled for a simple plan.

    He decided to start selling tea. He called his father and borrowed Rs. 8000/- from him under false pretences. He, then, invested that money towards buying the inventory that he needed to start a small roadside tea shop. All the while, he kept his day job working at McDonald’s.

    Prafull says he is not a tea drinker and he had no idea how to make it. The first day that he made tea, he could not sell a single cup. Not one to give up, he came up with a plan. The next day, he began approaching people, engaging them in conversation.

    Praful Billore selling tea
    Praful Billore selling tea

    The fact that a roadside tea seller was speaking fluent English was fascinating for people. To top it up, Prafull was serving tea in earthenware cups with a slice of toast and tissue paper – a complete antithesis to the image of a regular tea seller. Ā Soon he became the talk of the town. His tea was becoming famous, as was his conversation.

    His growing fame came at a price. The other tea vendors in the surrounding area were unhappy with the new kid on the block. They conspired to close his operations and resorted to bullying and threatening Prafull.

    Sensibly, Prafull decided to close his stall, but, undaunted, he approached a hospital owner and with his permission and help from other authorities, opened up another stall near the hospital. He named it MBA Chaiwala. He jokingly says – ā€œMBA stands for Mr. Billore Ahmedabadā€. Ā 

    To increase his customer base, Prafull deepened his customer engagement by creating a small corner for job seekers. He put up a whiteboard for the job seekers to write down their details so potential employers could contact them. Ā 

    Such was his fame that YouTubers put up videos of him further helping him reach a larger base. This was how his parents first heard of him selling tea instead of earning a degree. Initially upset with him, they, however, understood his motivation.

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    Prafull Billore – Journey So Far

    Prafull continually found ways to engage with his customers. Organising cricket matches, ludo games or even just a place where people could leave messages for loved ones were various activities that people looked forward to anytime they visited his stall. Two years of operating from Ahmedabad allowed Praful to expand to his first franchisee cafƩ in Bhopal.

    Now five years later, the brand that is MBA Chaiwala is more than 50 franchisee outlets strong and growing stronger. They undertake large-scale catering orders for parties, weddings, etc.

     MBA Chaiwala Franchise
    MBA Chaiwala Franchise

    It is Prafull’s ambition to grow the brand presence to 200 outlets by the end of this year. ā€œIf anyone asks me to make chai today, I won’t. I don’t like it. I was struggling when I was making tea on the street but now, I am focusing on expanding my business,ā€ he quips.

    First and foremost a focused, goal-oriented businessman, Prafull wears several hats. His goal is to create a millionaire from every village through his franchisee business model.

    The MBA Chaiwala Academy

    Prafull has launched the MBA Chaiwala Academy. The focus of this academy is to share entrepreneurial knowledge with other budding stars. It will include the ā€˜How to…’ instructional guidance for building a sustainable and thriving business. The complementary peripheral topics associated with self-development, mental growth, trading, marketing, etc will also be addressed.

    Social Media Presence

    This tenacious young entrepreneur is a strong presence on social media and an avid YouTuber. He maintains that his social media presence also helps him to spread more awareness for MBA Chaiwala.

    Philanthropist

    Taking advantage of the growing fame of MBA Chaiwala, Prafull has organised various events like Poetry/Singing nights, ā€˜Mehfil-e-Kavita’ to encourage budding artists and afford them visibility and educational sessions for youth with guest speakers talking about entrepreneurship. He has hosted fundraisers to support various causes like upliftment of the underprivileged, treatment for cancer patients and the Kerala Flood Relief Fund.

    The Motivational Speaker

    Prafull Billore has been invited to talk at colleges like IIMs, IITs, Josh Talks, TEDxKIET, TEDxMDI GURGAON and Lovely Professional University.


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    Conclusion

    Prafull Billore burst on the Indian business scene with a steaming hot cup of chai and is serving his way to the top. His dynamism, energetic approach to life and willingness to learn and engage has won him many admirers. He is like a duck – calm on the surface and paddling furiously beneath to reach his goal quickly. Here’s wishing him all the luck in this journey.

    FAQs

    What is the net worth of Prafull Billore?

    The net worth of Prafull Billore is approximately $3 million.

    Who is Prafull Billore?

    Prafull Billore is an entrepreneur and founder of MBA Chaiwala.

    Why is MBA Chaiwala so famous?

    Prafull Billore built a 4 crore business around tea without having much knowledge about business is what intrigues people.

  • Rohit Kapoor: The Newly Appointed CEO of Swiggy & Former CMO of OYO

    The hospitality sectors without a doubt are a huge industry offering an amazing range of challenges and excellent roles if one is thinking to start a career in this sector. Thanks to the boom in the economy and a sizeable population with standard income, this industry is growing immediately.

    Speaking about the sector, OYO, the Indian multinational hospitality chain that has services in hotels, homes, and living spaces is one such example.

    Rohit Kapoor was the former CEO of the India & South Asia business across Hotels, LIFE & Workspaces at OYO. He is the man behind the success of OYO in expanding not only in India but also across international markets. He is the reason for driving the new real estate business for OYO by exploring new territories, strategic partnerships, and investment opportunities.

    Currently, Rohit Kapoor is serving his notice period at OYO and is soon going to head the food delivery business, Swiggy. Rohit Kapoor worked at OYO for almost four years. As per sources, he is very likely to join Swiggy if there are no last-minute changes. This decision came into effect after former COO Vivek Sundar left Swiggy.

    To learn about his life and bio, read through this article to know how he led OYO into the global market.

    Rohit Kapoor – Biography

    Name Rohit Kapoor
    Nationality Indian
    Education Indian School of Business
    Position CEO of Food Delivery Business of Swiggy

    Rohit Kapoor – Personal Life
    Rohit Kapoor – Career
    Rohit Kapoor – Journey So Far
    Rohit Kapoor – Investments
    Rohit Kapoor – Awards & Achievements
    Rohit Kapoor – Unknown Facts

    Rohit Kapoor – Early Life

    Rohit Kapoor earned a PGD from the Indian School of Business, where he placed among the top five students in his class and won the Young Leader Award for having the greatest overall grade in 2006.

    During his graduation time, Rohit has also been engaged in several activities and won achievements like the Torchbearer award for helping brand building for the school and winning the Merit List for core terms.

    Before this, he also studied CFA institute (Charter, Investments, and Securities) from 2001 – 2004

    The book “ISB Portraits” recently included Rohit Kapoor as one of ISB’s most important graduates.

    Besides being an academic scholar, Rohit loves to travel and has a passion for photography.

    Rohit Kapoor – Career

    Rohit Kapoor is a true leader who has about 20 years of experience in leading many companies. Rohit spent over ten years as a consultant with McKinsey & Company before joining OYO. He experienced a wide range of international marketplaces while working at McKinsey.

    Additionally, Max One Distribution, Crossley Remedies, and Antara Senior Living all have Rohit on their boards.

    Rohit Kapoor – Journey So Far

    Rohit Kapoor is now all set to guide one of the leading food delivery enterprises, Swiggy. After serving the hospitality unicorn for 3.6 years, Kapoor announced his resignation.

    He joined the Gurugram-based firm, OYO in December 2018 as the new real estate company’s chief executive officer (CEO), and was promoted to that position a year later to become the Global Chief Marketing Officer of India and South Asia.

    Reports suggest Rohit Kapoor will be in charge of expanding Swiggy’s meal delivery services in his new position.

    In addition, the startup’s organisational structure has been altered. The reason for the change was that it started they were strong but subsequently lost market share to meal delivery rival, Zomato. Swiggy hasn’t debuted on the stock market yet, but Zomato did so last year.

    According to Rohit, the young people of today need more than simply sitting in a room of four walls. They want accommodations with higher levels of comfort and luxuries so they may enjoy life more and pursue their passions without worrying about regular daily-life problems.

    This is what led him to create co-living spaces that will suit young people and students in today’s times. These spaces will give them the freedom to do whatever while reducing the headaches associated with brokers, properties with few or no amenities, maintenance fees, housekeeping services, security deposits, and other such issues that cost them extra bucks.

    Rohit Kapoor – Investments

    Rohit Kapoor is the angel investor at OFB Tech Pvt. Ltd. [Ofbusiness]. It is a technology-driven financing platform for SMEs.

    Rohit Kapoor – Awards & Achievements

    The following are some of the awards Rohit Kapoor has won:

    • Merit List for core terms.
    • Came 4th out of 349 on the Dean’s List.
    • Featured in the ISB Portraits for being one of the talented graduates.

    Rohit Kapoor – Unknown Facts

    Few interesting facts about Rohit Kapoor

    • He cycled from Manali to Leh in 2018.
    • He loves travelling and photography.
    • He loves designing.

    FAQs

    Who is Rohit Kapoor?

    Rohit Kapoor is currently CEO of Swiggy for its food delivery business and formerly was the Chief Marketing Officer of OYO.

    What was the previous role of Rohit Kapoor?

    Rohit Kapoor was the Chief Marketing Officer of OYO.