ENTREPRENEURSHIP

PROJECT
Topic- One male and one female entrepreneur.

CHANDA KOCHHAR RATAN TATA

Submitted To- Submitted By-

Dr. Abha Vikas Denia

Assistant Professor BCOM LLB (H)

UILS, PU 236/15

Section D
 Acknowledgement

Writing a project is one of the most significant academic challenges I have ever faced. Though this
project has been presented by me but there are many people who remained in veil, who gave their all
support and helped me to complete this project.

First of all I am very grateful to my Subject Teacher Dr. Abha, without the kind support of whom and
help the completion of project was a herculean task for me.

I am very thankful to the Librarian who provided me several books on this topic. I acknowledge my
friends who gave their valuable and meticulous advice which was very useful and could not be ignored
in writing the project. I also owe special thanks to my parents for their selfless help which was very
useful in preparing the project.
 Ratan Naval Tata

December 28, 1937

Born
Bombay, Bombay Presidency, British India

Residence Colaba, Mumbai, India

Nationality Indian

Ethnicity Parsi

Citizenship India

Alma Cornell University

mater Harvard University

Occupation Ex. Chairman of Tata Group

Home town Mumbai, Maharashtra, India

Ratan Naval Tata (born December 28, 1937, in Bombay, Bombay Presidency, British India) is the
former Chairman of Tata Sons and therefore, Tata Group, India's largest conglomerate founded by
Jamsedji Tata and consolidated and expanded by later generations of his family. He is also the chairman
of major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata
Tea, Tata Chemicals, The Indian Hotels Company and Tata Teleservices.

Early life

Ratan Tata was born into the famous Tata family, a prominent family belonging to Mumbai's wealthy
Parsi community. He was born to Sooni and Naval Hormusjee Tata. Ratan is the great grandson of Tata
group founder Jamsedji Tata. His childhood was troubled, with his parents separating in the mid-1940s
when he was merely seven and his younger brother Jimmy was five years old. Their mother moved out
and both Ratan and his brother were raised by their grandmother Lady Navajbai.

Early career

Ratan Tata completed his B.sc degree in architecture with structural engineering from Cornell
University in 1962, and the Advanced Management Program from Harvard Business School in 1975. He
is a part of the Alpha Sigma Phi fraternity. He joined the Tata Group in December 1962, after turning
down a job with IBM on the advice of JRD Tata. He was first sent to Jamshedpur to work at Tata Steel.
He worked on the factory floor along with other blue-collar employees, shoveling limestone and
handling the blast furnaces. Ratan Tata, a shy man, rarely features in the society glossies, has lived for
years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district and is considered to be a
gentleman extraordinaire.

Personal life

Ratan Tata is largely an ex Chairman / CEO of the group and most of his own holding in Tata Sons., the
holding company of the group, is a result of inherited family shareholding. His share is 1% ,or a little
less, valuing his personal holding at approximately US$ 1 Billion, if encashed. About 66% of the equity
capital of Tata Sons is held by philanthropic trusts endowed by members of the original Jameshedji
family and the largest share is with the Shapoorji Pallonji Mistry family aligned originally to Jamshetji's
brother in law. The biggest two of the owning trusts are the Sir Dorabji Tata Trust and the Sir Ratan
Tata Trust (different Ratan Tata), which were created by the families of the sons of Jamshedji Tata.
Ratan Tata is on the board of trustees of the Sir Ratan Tata Trust, and is the chairman of the board of
trustees of the Sir Dorabji Tata Trust. Ratan Tata is also best known for the face behind changing India's
automotive industry into global climate change era.

Life of Ratan Tata as Chairman

 Ratan Tata succeeded his uncle JRD Tata as Group Chairman in 1991.
 He became Chairman of Tata Companies – Tata Motors, Tata Steel, Tata Power, Tata
Consultancy Services, Tata Tea, Taj Hotels, Tata Chemicals and Tata Teleservices.
 First 3 to 4 yrs were engaged in struggles with the satraps
 Thrust was equally on technology driven leadership, global competitiveness and being among
the top three domestically, regardless of the line of business.

Personality of Ratan Tata

 Very Dignified
 Ethical
 Dependable
 Questioning the unquestionable
 Risk taker not Speculator
 Exemplary Leadership qualities and a Motivator

Achievements

 By 1998, single group logo created and the Tata brand belonged to Tata Sons.
 In 1998, Tata Indica – India’s first indigenously designed and manufactured car launched by
Tata Motors.
 In 2000, Tata Tea acquires the Tetley Group, UK. First major acquisition of an international
brand by an Indian Business Group.
  In 2001, Tata AIG - A joint venture between the Tata Group and American International Group
(AIG) was set up.
 In 2002, Tata Sons acquires a controlling stake in VSNL.
 In 2002, TCS becomes the first Indian software company to cross one billion dollars in revenue.
 In 2004, Tata Motors is listed on the world’s largest stock exchange, the New York Stock
Exchange
 In the same year, Tata Motors acquires the heavy vehicles unit of Daewoo Motors, South Korea.
 In July 2004, TCS goes public in the largest private sector initial public offering (IPO) in the
Indian market, raising nearly $1.2 billion.
 In 2005, Tata Steel acquires singapore based steel company Natsteel.
 In 2006, Tata Sky satellite television service launched across the country.
 In 2007, Tata Steel acquires the Anglo- Dutch company Corus, making it the world’s fifth-
largest steel producer.
 In 2008, Tata Motors acquires the Jaguar and Land Rover brands from the Ford Motor Company
 In 2009, Tata Motors announces commercial launch of the Tata Nano.
 In 2009, Tata Teleservices announces pan-India GSM service with NTT DOCOMO
 In 2010, New plant for Tata Nano at Sanand inaugurated.
 In 2011, The Tata brand soars into the top 50 club of global brands

Awards and recognition

 On the occasion of India's 50th Republic Day on 26 January 2000, Ratan Tata was honoured
with the Padma Bhushan, the third highest decoration that may be awarded to a civilian.
 On August 30, 2005, it was announced that Ratan Tata was elected to the Board of Trustees of
the University of Southern California, Los Angeles, one of the leading research universities in
the United States.
 In 2006 he received the FIRST Award for Responsible Capitalism.
 In March 2006 Tata was honoured by Cornell University as the 26th Robert S. Hatfield Fellow in
Economic Education, considered the highest honor the university awards to distinguished
individuals from the corporate sector.
  He was listed among the 25 most powerful people in business named by Fortune magazine in
November 2007.
 In May 2008 Mr Tata made it to the Time magazine's 2008 list of the World's 100 most
influential people. Tata was hailed for unveiling his tiny Rs. one lakh car 'Nano'.
 On 26 January 2008, he was awarded the Padma Vibhushan, the second highest civilian
decoration
 On 29 August 2008, the Government of Singapore conferred honorary citizenship on Ratan Tata,
in recognition of his abiding business relationship with the island nation and his contribution to
the growth of high-tech sectors in Singapore. Ratan Tata is the first Indian to receive this honour.
 In 2009 he was appointed an honorary Knight Commander of the British Empire.
 He has also been conferred an honorary doctorate in business administration by the Ohio State
University, an honorary doctorate in technology by the Asian Institute of Technology, Bangkok,
an honorary doctorate in science by the University of Warwick, and an honorary fellowship by
the London School of Economics. He has recently received an honorary Doctor of Law from the
University of Cambridge.
 2010, he won the Legend in Leadership award from Yale[
 2010, he has been named among the most powerful people in the world by Forbes in its this
year’s list of 68 people "who matter".
 2010, he joins BMB Group as an advisory board member.

Others Roles played by Ratan Tata

 Chairman of the Government of India’s Investment Commission.

 Respected member of the Prime Minister’s Council on Trade and Industry, the National
Hydrogen Energy Board and the National Manufacturing Competitiveness Council.
 Member of the American International Group, the Asia-Pacific Advisory committee, Morgan
Chase and Rolls Royce
 One of the Board of Directors of the New York Stock Exchange.

Principles of Tata’s

 Nothing worthwhile is ever achieved without deep thought and hard work.
  Good human relations not only bring great personal rewards but are essential to the success of any
enterprise.

Products

a) Tata Nano

 World’s most affordable car

 New Market, where none existed before.

b) Tata Docomo

 1 paisa per second

 Starts national rollout
  Countrywide service
 Best coverage

c) Tata Tea

Had made to campaign for marketing both have different aims:-

 To create Awareness
 FOR ANTI- CORRUPTION
Ratan Tata- A Man of Ethics and True Social Server.

 After the Terrorist attacked Hotel Taj 26/11, Ratan Tata personally visited the families of all the
80 employees who in some manner – either through injury or getting killed – were affected in
this attack.
 In a record time of 20 days, a new trust was created by the Tatas for the purpose of relief of
employees.
 All category of employees including those who had completed even 1 day as casuals were
treated on during the time the hotel was closed.
 Harvard Business School has received a gift of $50 million from Tata Companies. (The largest
from an international donor in the School's 100-year history)
 Tata Group donated 1 day salary of all employees for Uttarakhand Worth 75 crore Rupees

.
Conclusion

VISION

“One hundred years from now, I expect the

Tatas to be much bigger than it is now. More
importantly, I hope the Group comes to be
regarded as being the best in India.. best in the
manner in which we operate, best in the
products we deliver, and best in our value
systems and ethics. Having said that, I hope
that a hundred years from now we will spread
our wings far beyond India.”
 Chanda Kocchar

Born November 17, 1961

Jodhpur, India

Occupation CEO and MD, ICICI Bank

Children A son and a daughter

Chanda Kochhar (born November 17, 1961) is currently the Managing Director (MD) of ICICI Bank
and Chief Executive Officer (CEO). ICICI Bank is India's largest private bank and overall second largest
bank in the country. She also heads the Corporate Centre of ICICI Bank.
Early life

Chanda Kochhar was born in Jodhpur, Rajasthan and raised in Jaipur, Rajasthan. She then moved to
Mumbai, where she joined Jai Hind College for a Bachelor of Arts degree. After graduating in 1982 she
then pursued Cost Accountancy ICWAI, Later, she acquired the Masters Degree in Management Studies
from Jamnalal Bajaj Institute of Management Studies, Mumbai. She received the Wockhardt Gold
Medal for Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy
for highest marks in the same year.

Chanda Kochhar currently resides in Mumbai, and is married to Deepak Kochhar, a wind energy
entrepreneur and her Business schoolmate. She has two children, a son and a daughter.

Career

Chanda Kochhar started her professional career in the year 1984 and can be divided into three phases-

 1984–1993

In 1984, Chanda Kochhar joined "The Industrial Credit and Investment Corporation of India Ltd" or
ICICI Ltd. as a Management trainee after her Masters. In her early years in ICICI, she handled Project
Appraisal and Monitoring and projects in various industries like Petrochemicals, Textile, Paper and
Cement.

 1993–2006

In 1993, Kochhar was sent to ICICI bank as part of a core team to set the bank. She was promoted to
Assistant General Manager in 1994 and then to Deputy General Manager in 1996. In 1996, Kochhar
headed the newly formed the Infrastructure Industry Group of ICICI, which aimed "to create dedicated
industry expertise in the areas of Power, Telecom and Transportation". In 1998, she was promoted as the
General Manager and headed ICICI's “Major Client Group”, which handled relationships with ICICI's
top 200 clients. In 1999, she also handled the Strategy and E-commerce divisions of ICICI. Under
Kochhar's leadership, ICICI bank started the Retail business in July 2000 and emerged the largest retail
financer in India, in the next five years. In April 2001, she took over as Executive Director, heading the
in ICICI Bank.

 2006–present

In April 2006, Chanda Kochhar was appointed as Deputy Managing Director of ICICI Bank. She
managed the Corporate and Retail banking business of ICICI Bank. From October 2006 to October
2007, she handled the International and Corporate businesses of ICICI Bank. From October 2007 to
April 2009, Kochhar was also the bank's Chief Financial Officer (CFO), Joint Managing Director (JMD)
and the official spokesperson. She also headed the Corporate Centre of ICICI Bank. She is also a
director of different ICICI group companies. She is the chairperson of ICICI Bank Eurasia Limited
Liability Company and ICICI Investment Management Company Limited. Kochhar is the Vice-
Chairperson of ICICI Bank UK PLC and ICICI Bank Canada. She is a director in ICICI International
Limited and ICICI Prudential Life Insurance Company Ltd. and part of the Governing Council in 1964.
The ICICI Foundation for Inclusive Growth Member.

Kochhar is CEO and MD of ICICI Bank from May 2009 for a period of five years. She succeeds K. V.
Kamath, who was CEO of the bank since 1996.
Entrepreneurship Qualities in Chanda Kochhar
Quality of Leadership

The ability to influence a group toward the achievement of goals are-

 Her leadership qualities grown with the banks growth.

 Transformed ICICI from a corporate bank into a retail bank.
 Joined the corporate side of the bank.
 She set up the infrastructure-financing practice for the bank.
 Set up the retail-banking division for ICICI and grew it substantially.

Ability to adapt to the changes

 Constant challenges have helped Kochhar to develop and adapt herself to the the country’s and
the company’s evolvement.
 Moving from corporate banking to retail banking to international banking to supervisory roles
has helped her to reinvent herself.
 But every move fed on the previous one. When she moved from corporate to consumer banking,
she bought a lot of synergy with her.
 But when she moved from consumer banking to international banking, she bought a lot of
insights from India which could be implemented globally.

Ability to take challenges

 In 2000, she decided to keep the bank open for twelve hours in a day when other banks were
open for four to seven hours a day.
 She was also one of the bankers who came up with electronic banking and installed 2000 ATM
machines all over India.
 Head of Internet banking division to start up and grew E- banking.
Ambitious

 Set up the retail banking division for ICICI and grew it substantially.
 The head of India’s ICICI bank is transforming her business with conservative lending and
tactical cost cutting.
 A determined woman with an ambitious goal- She want ICICI to be among the world’s twenty
biggest banks within the next decade. It’s a challenge she says she’s more then ready to tackle.

Quality of Patience

 September 2008: Lehman Brothers filed for bankruptcy. The financial industry shattered.
 Chanda Kochhar: Found herself in the middle of a potential company catastrophe.
 Chanda did what most executives would do in a similar situation.
 As spokesperson : reassured the country via TV and other media outlets that their money was
safe.
 Unlike most executives, however, she did much more than that. She did not panic on situation
and handled it carefully.

OPTIMISTIC

 An eternal optimist she does not shriek away from challenges. She believes that new entrants
cannot disrupt large banks and that competition provides the best value to the customer.
 She also handled criticism from the predominately male bastions of the Banking Sector for her
radical reforms with quiet dignity and only let her work speak for itself.
Awards and Accolades

2014

 Named among fortune’s 50 most powerful women in business for the fourth consecutive year.
 Received the “Mumbai women of the Decade.”

2013

 Ranked as the most powerful women in business in India for the third consecutive year in
fortune’s list of ‘50 Most powerful women in business: The Global 50’s. She is among the four
most powerful women in business in the world, according to the list.
 Conferred the “AIMA JRD TATA Corporate Leadership Award” 2012
 Recipient of the 4th Asian Corporate Director Recoginition Awards 2013.
 Ranked as the most powerful business women in India in the Forbes list of ‘The World’s 100
most powerful women 2013.’
 Received the “Transformation Leader Award” by NDTV Profit Business Leadership Award
2012.
 Featured for the third year in a row in the power list 2013 of 25 most powerful women in India
by India Today.
 Is the only Indian to be featured in the Dow James list of Most Influential Female Executive in
the world of the last decade.
 Awarded the business person of the year 2012 by Business India. She is the first woman
recipient of this award in 31 years.

2012

 Topped the list of “50 Most Powerful Women in “Business” by the fortune India.
 Named amongst the nine Indian Women in the Forbes inaugural ”Asia Power Businesswomen”
list.
 Ranked fifth in the list of the “Most Powerful CEOs” in India by the Economic Times and first
in the list of “Top Women CEO’s” in the country.
  Ranked 59th in the world’s 100 most powerful women by the Forbes.

2011

 Ranked fifth by Fortune in the international list of “50 Most Powerful Women in Business.”
 Ranked 17th among the “25 most powerful CEO’s in Asia by Fortune.
 Ranked 43rd among Most powerful women in the world by the Forbes.
 Named among the “50 most influential people in global finance” by Bloomberg markets
magazine.
 Named among the “two best Indian CEO” in an annual poll by Finance Asia.
 Received the “Global Leadership Award” from the VS-India Business Council.
 Named “Most Powerful Women in Indian Business” by fortune India.
 The first woman to be named as the “Business Leader of the Year” by the Economic Times.

Conferred with “Padma Bhushan” which was given away by president in a ceremony at
Rashtrapati

2010

 Ranked 10th in the list of “Most powerful women in Business by Fortune.

 Ranked 92nd in the list of “Most powerful women in Business by Forbes.
  Conferred with the “Banker of the Year Award” by Financial Express.

Professional Affiliations

Apart from being on the Board of ICICI Bank and various group companies, she is a member of the
Prime Minister's Council on Trade & Industry, US-India CEO Forum, Executive Board of the Indian
School of Business, Hyderabad, Member of the Board of Governors of Indian Council for Research on
International Economic Relations (ICRIER), Member of the Managing Committee of the Indian Banks
Association and also a member of the Council of Scientific and Industrial Research (CSIR) Society.

.
Kochhar strategy to keep ICICI on growth trends

 Things have changed quit dramatically for ICICI Bank which today has a asset size of
Rs.5.36 lakh crore up from Rs3.79 lakhcrore in 2008-09, when Kochhar took charge. The
proportion of low-cost current –account-saving account (CASA) deposits has grown
substantially from 28.7 per cent of total asset in 2008-09 to 43.3 per cent in 2012-13.
 The focus on better management of risk has led to a dramatic improvement in credit quality and
credit cost or the cost of provisions the bank makes against bad loans – declined from 2.2 per
cent of total asset to just 0.8 per cent in financial year 2012-13.
 A mixed strategy is followed, on one hand cost were being and high-cost deposits were being
shed. On the other , the branch network was being expanded. Internally ,from a product centric
model where segmentation was done on the basis of deposits, home loans ,car loans and the like,
the bank moved to customer segmentation.
 Conclusion

Chanda Kochhar’s ability to manage such a huge organization and being it the best profits ever keeping
the employees highly contented is the most admiring quality about her. We have heard that a leader is
tested during critical times. It shows her decision making power. In year 1991 when country was
dwindling under financial pressure from all corner, it was then the concept of privatisation of bank
was done. Her abilities in the financial sector were highly appreciated in the company which got her a
post of general manager in 1994. It makes this person admired all around the nation. The HR
communication qualities of a leader can be seen in the manner she convinced the customers to use the
services of privatized bank in the era.

Looking at the designation changes in Kochhar’s career , it become clear that she had to manage
different team at different times and also in quick succession. Being manager of so many companies
alone, and patting all of them at the apex in their respective fields also shows her ability to manage
parallel work functions. Finally one can admire Chanda Kochhar for the fact that she has not inherited
success. She has gone through all the phases of struggle before even leading a single team. For her,
many a times excelling at work meant giving up on her personal priorities. “There were so many
occasions when I wasn't around for my kids or my husband. But we learnt to work around it.” said
kochhar. In many ways her children have motivated too.
 Bibliography

WEBSITES

 https://en.wikipedia.org/wiki/chandakochhar .
 https://en.wikipedia.org/wiki/ratantata/
 http://www.forbeslistof/topentreprenuer/
 https://en.wikipedia.org/wiki/ top entrepreneur/in/steel/.
 https:///womenentreprenuer/top/list.