Pratap Bhogilal Journey Through Life

SR No.: 006943
Original Sutra Author: N/A
Author: Rauf Ahmed
Publisher: Bhupendra Singh Anand
Publication Year: 2014
Total Pages: 176
Language: English
Classification: Book_English
File Size: 5 MB

Page 71

THE JOURNEY
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to Kasturbhai and requested him to send someone from his plant at Atul for help. After all, they were in the chemical line. Unfortunately, he said it was not possible. I then approached my friend Lala Charat Ram of Delhi Cloth Mills (DCM) to take over the management of Hindustan Polymers. Lalaji sent a team of engineers under the leadership of D.C. Mittal. They had been working in the chemical plant of the DCM-SRM group at Kota in Rajasthan. They tried their best to put Hindustan Polymers on the road to recovery, but due to the one-sided agreements we had gotten into, nothing much could be done.
Finally, I requested Lala Charat Ram, who had long been a good friend, to buy us out at whatever price he decided. He took time to consider the proposal but eventually declined it. I then approached Jagdish Saxena, the Chairman of Bank of India and H.T.Parekh of the ICICI Bank, who had high regard for me, to help us find a buyer. They found Vittal Mallya, who agreed to buy the shares at a huge discount. We had no option but to agree.I requested both Saxena and Parekh to see to it that the agreement for the sale of our holding ensures that the Bank's financial institutions, Shree Ram Mills and Batliboi loans to Hindustan Polymers are treated at par. However, despite their efforts, it didn't happen, resulting in both Shree Ram Mills and Batliboi suffering heavy losses.
WIPRO...
My long friendship with Mohamed Hasham Premji began in Deccan College, Pune
As I have mentioned elsewhere, I met Mohamed Hussain Hasham Premji while I was studying at Deccan College, Pune. We hit it off very well from the beginning. Mohamed Hussain's family was trading in commodities, particularly rice and they had offices in Colombo in Sri Lanka and Saigon in Vietnam. He asked me to join his first industrial venture, the Western India Vegetable Products Limited (now WIPRO) at Amalner as Director when that company was formed as a Private Limited Company. In the early
As soon as we lose the moral basis, we cease to be religious. There is no such thing as religion overriding morality. Man, for instance, cannot be untruthful, cruel or
incontinent and claim to have God on his side - Mahatma Gandhi