Recently we come across the major deals happening ... India Inc. has been going great guns thanks to huge deals taking place recently . 2006 had mergers worth close to a few million dollars. Come 2007 , the feather of India Inc , TATAs made a giant leap in Indian acquistions . Worth Over 19 billion dollars, they took over CORUS over a stiff competion. They had increased the offer price close to 60 Percent over their initial bid to come through the bid successfully . This certainly is one of the major milestones in Indian history. Not that its because of the TATA brand. Its about the size of the deal and the sector of the acquistion. Prior to this India was more considered to be the back office support of the service industry . Come in the acquistion, India Inc is in the foray among the best in world manufacturing . It catapulted Tatas frm abt 50s in steel sector to No.5 which is quite a huge jump. All this has been happening with with so much hue and media attention, here comes another man by name Kumaramangalam Birla , silently took over Novelis.
Novelis is an aluminium company based out of Canada and Hindalco is the flagship of the famous Aditya Birla group. The deal is valued at abt 6 Billion dollars and is an all Cash deal .Kumaramangalam envisaged that his flagship should enter the fortune 500 by 2010. This deal has made the group to sail through the fortune list easily. Seems kumar's hunger is not satisfied . Reports say he is set to prowl on acquiring foreign cement companies.
This acquistions and mergers is not over. Suzlon is hawking at a few energy companies in Europe. Great guys , Indians fighting gloablly and making mark . A couple of years back when Oracle took over Peoplesoft its closest competitor amongst a lot of hue cry and litigations, we knew it was consolidation time for industries .
Now I see the the big Indian guns, Tatas and Birlas not afraid of hunting in foreign grounds and making a mark globally and making Indians proud.
Some time back I happened to see a movie by name "We are not Tata Birlas " ..I think I would make a movie.." We should be Tatas Birla"...
Think Big guys ..We should atleast dream big even if we dont acheive it .
Madhu
Novelis is an aluminium company based out of Canada and Hindalco is the flagship of the famous Aditya Birla group. The deal is valued at abt 6 Billion dollars and is an all Cash deal .Kumaramangalam envisaged that his flagship should enter the fortune 500 by 2010. This deal has made the group to sail through the fortune list easily. Seems kumar's hunger is not satisfied . Reports say he is set to prowl on acquiring foreign cement companies.
This acquistions and mergers is not over. Suzlon is hawking at a few energy companies in Europe. Great guys , Indians fighting gloablly and making mark . A couple of years back when Oracle took over Peoplesoft its closest competitor amongst a lot of hue cry and litigations, we knew it was consolidation time for industries .
Now I see the the big Indian guns, Tatas and Birlas not afraid of hunting in foreign grounds and making a mark globally and making Indians proud.
Some time back I happened to see a movie by name "We are not Tata Birlas " ..I think I would make a movie.." We should be Tatas Birla"...
Think Big guys ..We should atleast dream big even if we dont acheive it .
Madhu
3 comments:
interesting, will it be revealed by any of those giants that how much they are spending to developing rural economy or developing the villages, agriculture-the spinal of india.
mergers and acquisitions are focussed on individual industrial growth. for a person working in multinational company, getting a flat registered under his name is a great achievement for his and his family survival. these mergers and acquisitions are all for industrial growth. but before thinking about the industrial growth, if not tata's and birla's are thinking about the acquisitions of agricultural lands which are being converted into real estate plots, then who else in the country. why not these tata's and birla's fund to agricultural lands? help to farmers for their finance,without any interest-ofcourse an all deal cash not in millions but in some lakhs or thousands.
achievement should get saturated at one level. you should reform your countrymen from their sickness. ofcourse money minded wont do this only society minded will do. it is not that keep dreaming always, without achieving reality. it needs a real guts to change your society against all odds. will share you more nanba!...
being a critic for you and for your words is a gift...
Anonymous : I would appreciate if you coudl write your name .
A point well taken.
But to say TATAs and BIRLAs are not social minded is absurd.
"why not these tata's and birla's fund to agricultural lands?"
Thats actually a very good suggestion . Microfinancing is one area these people can work upon. Just come up with a proper business plan, I can tell you these guys wont leave you.
Madhu
Hmm… after reading your article, I went back to My MBA Strategic mgmt class, where we had these topics as case studies..
Ya.. I think wat that guy/gal commented above is correct…
They shd take initiation to develop another sector also i.e. agriculture ,spinal cord of Indian economy
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