Business Standard
Saturday, Nov 21, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Smart Portfolios II
  Search:
In God India Inc trusts
S Kalyana Ramanathan / Chennai June 10, 2008, 0:11 IST

KK Swamy, the former deputy managing director of Toyota Kirloskar Motors, who will soon take over as the managing director of Volkswagen India, wears a light blue shirt for important meetings, including product launches. Once dressed in a crisp white shirt, he admitted being uncomfortable, though he looked good.

TVS boss Venu Srinivasan makes it a point to send 21 units of every new two-wheeler to places of worship covering every conceivable religion in the country. The green signal for commercial production comes only after this ritual is over.

Divine blessings for a new model make sense, but Srinivasan himself is not sure about the number 21. He simply brushes this aside as a routine he has done for many years now: "Making this first offering to God is part of our culture, isn't it?"

Indian businessmen and executives may not yet be the most meticulous executioners of management principles in the world. But when it comes to keeping the Gods and lady luck happy, they leave no stone unturned.

They might be dealing with the latest technologies and products, Indian businessmen stay rooted in old traditions.

Mumbai-based psycho-analyst Shailesh Kapadia, who works closely with several companies, calls it ‘infantile omnipotent fantasies'. He, however, does not dismiss it as a harmless vice. "I will worry about it. Can we trust them with important decisions," he asks. More important, Kapadia adds, there is no ‘cure' for this. "It is like trying to change a fundamentalist."

A visit to the temple of the favourite deity is the first insurance most Indian businessmen seek before they set out on a new strategic initiative. Anil Ambani visited Tirupati before he launched his unsuccessful bid for Hutch.

His more colourful counterpart, Vijay Mallaya, has taken his devotion to Tirupati to an altogether different level — all new Kingfisher Airlines aircraft are first taken for a spin over Tirupati before they are put to commercial use. Jet fuel prices may have risen to prohibitive levels, but not enough for Mallya to hold back this ritual.

What warms the heart is that the belief of businessmen is not bound by religious boundaries. Cognizant Technology Solution retained its registered office at Cathedral Road in Chennai till recently for two benevolent neighbourhood deities — the Church of South India on one side and the US Consulate on the other—, a top official said recently.

Sunil Bharti Mittal becomes a vegetarian before any major business move. He breaks this vow only after the closure of the deal, followed by a visit to a big temple. Mittal's friends say he does this to improve his focus and keeps his body clean from any "impurities" non-vegetarian food might add.

Megh Raj Mitter, the founder of Punjab-based Tarksheel Society, a body of rationalists, has a different take on it. According to him, CEOs do it only to appease superstitious colleagues and subordinates. "I am sure Indian companies would do much better if they let go of these superstitions," he says Old habits, Mitter should know, die hard.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- S C Kalia takes over as Union Bank ED
- PNB may acquire majority stake in Kazakh bank
- Maoist hindering land acquisition for Tata steel project: Raman
- Koda says he will report to ED only after Jharkhand polls
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Bharti Airtel slashes roaming rates by 60%
- Govt may allow private sector investment in education
- Network18 lays off 200 staffers
- Suzlon Energy's three promoters pledge 2.8 cr shares
- Patni may host all IT services on 'cloud'
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback