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Biggest Corporate Newsmakers in India
1. Vijay Mallya
The chairman of Kingfisher Ltd. and UB Group has captured the most public attention as he battled to save his debt – ridden and loss – making airline. Vijay Mallya’s Kingfisher Airlines has been the center of controversy over its millions of dollars debt, which led authorities to momentarily freeze its bank accounts. The company failed to pay salaries on time to its staff, who have started turning up to work on a sometimes basis. As a result of it, delays and cancellations have become the norm for Kingfisher flights. Recently, the rapidly – expanding Gulf airlines said they may invest in Indian carries, raising hopes for Kingfisher that money could flow in.
2. Mukesh Ambani
Mukesh Ambani, the richest man in Asia takes the second spot on the list. With the return of the IPL season the owner of ‘Mumbai Indians’ is back to lime light. Furthermore in a year when foreign investment to India dried up, the Chairman and Managing Director of India’s most valued company Reliance Industries sold a 30 percent stake in 21 blocks to British Petroleum for $7.2 billion ( [rupee] 3,500 crore ). Mukesh has easy access to the country’s power corridors irrespective of party lines, be it Rahul Gandhi, Nitin Gadkari or superior bureaucrats in various ministries.
Mukesh has been an independent director at U.S.-based Bank of America ( BofA ) since March, 2011 and was paid about [rupee] 1.4 crore as director compensation. The director fees and other payments made by BofA during 2011 were disclosed by it in a notice sent to its shareholders for their upcoming annual meeting. Mukesh was the fourth highest paid director during 2011.
3. Anil Ambani
Anil Ambani takes the third position on the list. Anil is the chairman of Anil Dhirubhai Ambani Group, one of the nation’s largest private conglomerates. Reliance Capital Trustee Company, a subsidiary of Anil Ambani Group, recently purchased 8.1 lakh shares of Titagarh Wagons, a supplier of wagons and freight cars, for [rupee] 26.72 crore.
Anil’s influence in Delhi’s power circles has also seen him lead a harassed telecom industry in negotiations with the Government. Further when no Indian banks offered him finance early this year, he arranged a 6, 000 – crore loan from a consortium of Chinese banks. His ventures also have received low – interest financing from Japan and Europe.
4. Pratip C Chaudhuri
Pratip Chaudhuri takes the fourth position on the list. He joined State Bank of India as a Probationary Officer in 1974. During his tenure of with the Bank, Chaudhuri held a number of important positions, including those of Deputy Managing Director ( IBG ), Chief General Manager ( Foreign Offices ), Chief General Manger of Chennai Circle and General Manager ( Mid Corporate Group ). He has been the Chairman at State Bank of India since April 7, 2011 and State Bank of Mysore since April 2011. He serves as the Chairman at State Bank of Hyderabad Ltd. He has been Chairman at State Bank of Bikaner & Jaipur and State Bank of Travancore since April 7, 2011. He serves as a Director of Export – Import Bank of India. Shri Chaudhuri serves as a Director of State Bank of Patiala. Shri Chaudhuri has been Director at State Bank of Saurashtra since December 24, 2007 and State Bank of India since April 1, 2011. He holds Master’s Degree in Science ( Statistics ) from University of Rajasthan.
5. Ratan Tata
Ratan Tata ranks fifth on the list. The chairman of Tata Group has also been honored with the Padma Vibhushan, the second highest civilian award. Tata Group’s total revenues are expected to increase from [rupee] 3, 80,000 crore in 2010 – 11 to [rupee] 5, 00,000 crore in 2011 – 12 as it continues to expand its spot as India’s premier multinational corporation. After spending a year looking for a candidate to succeed him, Cyrus Mistry was chosen as the successor.
Sunil Bharti Mittal, Founder and Chairman and Group CEO of Bharti Airtel took the sixth place while Subhash Chandra, Non – executive chairman of Zee Entertainment Enterprises took the seventh. B. Muthuraman, Vice president, Tata Steel and B L Bagra Chairman and managing director, National Aluminium Co. took the eighth and ninth position on the list. Anil K. Agarwal, Non – executive chairman, Sterlite Industries rounded off on the tenth position.