Outlook Business Magazine - August 2023

In this issue

17 Stars of the Indian Century

A CENTURY & Counting

Building a company is difficult anywhere in the world. Nurturing it for 100 years takes a combination of philosophy of growth, astute understanding of headwinds and the determination to survive the deadliest of down cycles. What makes this survival story in India more interesting is the cross-currents of everyday politics and ideology Rajat Mishra

7 mins

TATA STEEL IS ORIGINAL MAKE IN INDIA STORY, SAYS GLOBAL CEO

Tata Steel has become one of the leading steel manufacturers across the globe in the last 116 years. The company is hopeful of lasting another 100 years on the back of its multi-generational employees and a people-centric work culture. With clear focus and targets in sight, T.V. Narendran, chief executive officer and managing director of Tata Steel, tells Suchetana Ray and Rajat Mishra how a large part of its future growth will take place in India due to the infra push of the government and its investment in future and sustainable technology

6 mins

ITC NEXT IS OUR ANSWER TO GLOBAL UNCERTAINTIES: SANJIV PURI

From making tobacco products to becoming a multi-sector corporation, ITC has come a long way since its inception in 1910. This year, it became the seventh listed company in India to cross Rs 6 trillion market cap. It is now deploying sustainable solutions and Industry 4.0 measures to create seamless networks with retailers and customers. Sanjiv Puri, company MD and chairman, tells Suchetana Ray and Rajat Mishra about ITC's planned growth trajectory

7 mins

'ORGANISATIONS THAT CAN QUICKLY ADAPT TO CHANGE WILL FLOURISH'

Sayajirao Gaekwad III, the king of the erstwhile princely state of Baroda, set up several institutions to modernise the state. One of them was Bank of Baroda, which completed 115 years of operations last month. It is India's second largest public-sector bank as per total business as of March 31, 2023. In an interview with Rajat Mishra, its MD and CEO Debadatta Chand talks about its glorious past and the transformational changes that continue to keep it relevant

2 mins

BRITANNIA IS LOOKING AT THE FUTURE OF FOOD: VARUN BERRY

Since inception, Britannia has changed hands several times. Amid the challenges that come with changes in ownership, the brand remains steadfast in its focus on consumer preferences and is currently a leading FMCG brand in India. Varun Berry, managing director and vice chairman of Britannia, talks to Suchetana Ray and Rajat Mishra about the company's thrust areas, strategies and plans to add more food categories to its portfolio in the coming years

5 mins

GIVING BACK TO SOCIETY IS WHAT KEEPS HAMDARD RELEVANT: HAMID AHMED

Hamdard, meaning a companion in pain, made a humble beginning in 1906 as a small affordable Unani clinic. Less than half a century later, it was converted into a trust, with a pledge to use profits for charitable purposes. Hamid Ahmed, who is the great-grandson of founder Hakeem Abdul Majeed, and CEO and trustee of Hamdard Laboratories India (Food Division), tells Rajat Mishra about the company's expansion plans, strategies and hopes for newly launched and upcoming products

4 mins

FROM TEXTILES TO REALTY: Raymond Grew with the Nation

The year 2022 was a momentous one for India as it surpassed the UK as the fifth-largest economy in the world.

4 mins

India's First Luxury Hotel: Goes Where Indians Do

Incorporated in 1899 by the founder of the Tata Group Jamsetji Tata, IHCL opened its first hotel, The Taj Mahal Palace, in Mumbai—then Bombay— in 1903. Dubbed as the best hotel east of Suez, it transformed the face of Bombay and introduced authentic Indian hospitality to the world while bringing global luxuries to the country. Jamsetji Tata’s efforts were always to show India what lies beyond the seas, making India’s dreams his own.

4 mins

The Company that Catches PATRON'S EYE FOR 100 YEARS

My definition of a brand is simple. The brand is a thought that lives in a person’s mind. As many people, those many different thoughts of this one brand in question. And that is brand complexity, something that brand-custodians within companies grapple with all the time.

5 mins

When a Corporation Traverses 100 YEARS SANS A FORMULA

Centennial companies have weathered the storms of time, evolving their ownership structures to adapt to the changing dynamics at the macro, meso and micro levels and at socio-economicpolitical-institutional, business, society and family levels. A few factors include the institutional framework of the country, industry-specific dynamics, profitability and earnings trends, corporate governance practices, family, state or foreign multinational company ownership and mergers and acquisitions.

4 mins

Local Business Leader Falls Short OF GLOBAL STANDARDS

The landscape of leadership in Indian corporates has evolved over the years, mirroring the dynamic shifts in politics, business, technology, customer expectations, societal demands and globalised markets.

4 mins

BOTH CHALLENGES AND OPPORTUNITIES ABOUND: Outlook ESGBHARAT: SURVEY 2023

The speakers at the survey release deliberate on how the ESG agenda is moving up the corporate agenda, the challenges it faces and the way forward

3 mins

CRISIS IN THE COURTROOM

The Supreme Court's jurisdiction extends to a population of over 1.4 billion. Does the court make access for the disadvantaged a priority? To what extent is it responsible for the adage 'justice delayed is justice denied'? Are some lawyers more influential than the others? Authors Aparna Chandra, Sital Kalantry and William H.J. Hubbard discuss these and several other topics concerning the country's highest court in their book Court on Trial

4 mins

FOLLOWING THE CULTURE TRAIL

Amitabh Dube, country president of Novartis India, has travelled extensively, but it is his stay in Vietnam that he most fondly remembers, not just for its food, people and landscape but also for the footprints of Indian culture in the southeast Asian country

2 mins

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Outlook Business Magazine is a monthly magazine published by The Outlook Group. It was first published in 1998 and is aimed at business leaders and professionals.

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