Textile mills are not a very high-margin business and have fixed overheads, so it was challenging. But I think it is only in challenges that you get opportunities.

Ajay Piramal

Categorized in : You Think Challenges Business

I am humble enough to understand there are many people who know much more than I do on many subjects, so I listen to them. Integrity is also critical to leadership, so I believe there must always be alignment between what you think, say, and do.

i-am you leadership people

Manufacturing is finite, but human intellect is infinite. Textile is all about manufacturing, and industries like pharmaceuticals are all about human intellect.

human like manufacturing infinite

Our organisation and culture is based on professionalism and values. I think my children reflect both.

think values culture children

In any merger, when you have large organisations coming together, there will be challenges in terms of culture.

you challenges together culture

There will be good times, and there will be bad, but one has to, to the extent possible, take things in one's stride.

will bad good good-times

We always set ambitious goals in our group, and I have found that if you set your mind to it, you can do it ,and sometimes all the circumstances will play in your favour.

goals you you-can-do-it mind

Investment in Shriram will actually enable us to enter some of the retail segments such as vehicle financing, consumer and gold loans, and other products such as insurance, mutual funds, among others, where we wanted to have a footprint.

insurance will investment gold

Within the renewables space, we are focused on solar and wind energy.

focused space energy wind

You cannot have the financial system crippled because of lack of decision making and lack of quality people.

you quality decision people

Spirituality permeates all aspects of your life and business is just one part of your life.

your just business life

I think my greatest virtue is that I have the courage to take tough decisions. As for my greatest fault, I guess I should be a little tougher. The feedback I get always is that I am not as tough and demanding as I should be.

i-am think tough courage

There are always highs and lows in life, but if you maintain an even keel, then you can take the right decisions.

decisions you always life

Leadership is more than just managing economic reforms. Leadership means giving broad direction, take up challenges which other people cannot do.

leadership challenges giving people

Our risk systems and processes - we keep investing and improving them.

keep our investing risk

I think public sector banks need to have greater private participation of people who have skin in the game.

skin game think people

Governance is very important in NBFCs.

very governance important

Horses and dogs were part of my growing up years.

dogs up growing-up years

There are very few who have the privileges I have, and, therefore, it is essential that we give back to society.

give back who society

I have always said that you have to fail. If you do not fail, it means you have never taken enough risks.

risks never you enough

I may believe in something, but if it is not working and is not giving returns, we have to close it down because that is the right thing to do for the shareholders.

down something giving believe