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Essay on Corporate Social Responsibility in India today
The link between company and social responsibility
Essay on Corporate Social Responsibility in India today
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Sunil Bharti Mittal, born October 23, 1957 hailing from Ludhiana is the chairman and managing director of the Bharti group. He is a pioneer, a dreamer and an achiever. Sunil a former student of Harvard Business School, graduated from Punjab University. The son of a parliamentarian Sat Paul Mittal, Sunil did not want to follow his father's footsteps. Sunil started in business (making cycle parts in Ludhiana, India) in 1976 at the age of 18 with borrowed capital of Rs 20,000. Later he started operating from Delhi and Mumbai, india, mainly importing and distributing products. His imports mainly included portable generators from Japan. In 1982 when government banned the import of portable generators then he introduced the push button phones in India and by the early 1990s he was making fax machines, cordless phones and telecom gear. After been awarded license for mobile phone services Bharti Cellular Limited (BCL) was formed in 1995 to offer cellular services under the name AirTel which is now India’s largest telecom business operator. In November 2006, he struck a joint venture deal with Wal-Mart, the US retail giant, to start a number of retail stores across India.
Sunil Mittal, father of twin sons and a daughter operates his business with his two brothers Rakesh and Rajan. About his early business life he says that the period from 1976-1985 was a period of great struggle, a period of great pain but a period of great learning and it was not so easy to establish oneself in the market as it was not as open as today but when they went in telecom in 1985-86 and manufactured telephone instruments, there was clearly a vision and foresight that this industry will do well. In spite of his deep involvement in work, Mittal the man, is calm, seldom ruffled and very down to earth. He says he achieves a sense of detachment and peace with regular practice of yoga. Sunil Mittal says that to be successful one has to have a positive frame of mind through which he has made virtue of extremely bad situations. For his business model he admires the uncompromising image of Tatas and business blend of Ambanis. He has been very conscious about his social obligations and have set up the Bharti Foundation. In Madhya Pradesh, India, his Bharti AirTel has funded 50-odd schools. He has also given Rs 200 million to IIT Delhi for building a Bharti School of Technology and Management.
In case of new age Indian businesses this is even more true. Businesses are now fixated on being the next Unicorn, a mythical animal, whose name is also given to companies who are valued at a billion dollars before going public. Unicorns or not, their ambition now presumably is to attract the nth round of funding and access the seemingly endless yet slowly drying supply of dollars to survive in the present with a wishful thinking to dominate the future. The Unicorn here lives the narrative of ‘go big or go home’. And in most cases it represents the glorified ambitions of one-upmanship, market domination being the trophy investment.
Have you heard about Xiaomi? Xiaomi is a Chinese technology company, and it was founded in April 6, 2010 by entrepreneur Lei Jun. He became one of the China’s top 20 richest person with net worth US$ 9.1 billion after four years that Xiaomi was founded(Olson, 2014). Therefore, Xiaomi was expending very rapidly. Up to now, the company produced smartphone hardware, software, and internet services as well as accessories. Xiaomi not only hires Chinese technical talents, but also recruit international talents. For example, it hires smart and talented people who worked for Google, Microsoft, Motorola, Yahoo and other successful technology companies around the globe before. Xiao has over 8,000 employees, mainly in mainland China, Malaysia, and Singapore, and is expanding to other countries such as India, Indonesia, the Philippines and Brazil. In 2014, more than 60 million smartphones were sold worldwide, and Xiaomi earned $12 billion revenue as a result. Xiaomi becomes the third largest smartphone producer in the world currently. In addition, after Xiaomi successfully secured $1.1 billion investment with a company valuation of $45 billion, it has achieved the status of the most valuable technology start-up in the world
“Be the change you wish to see in the world.” This inspiring quote is often attributed to Mohandes Gandhi, the Hindu leader and social reformer that changed the world with his teachings of nonviolence, tolerance, and faith. Many powerful world leaders have said this compelling quote. It is everywhere, from coffee mugs, to bumper stickers, to t-shirts. But did Gandhi ever actually this?
“If you don’t build your dream, someone else will hire you to build theirs”. Such was the thought of a person with fiery instinct who laid the foundation of India’s biggest private sector conglomerate – Reliance Industries.
Political factors: In India, there are very tough regulations put in place by the Indian govt. to avoid the monopoly conditions and govt. control remains at the top. This company is generally the state owned company therefore the decision making is very hard for the company and company has to follow the political changes which happen in the India. India has disputes with the Pakistan and China, which is continuously affecting the industry.
TaxiForSure was one of the most promising start ups of India, but then suddenly it went from riches
Ratan Tata was the chairman of Tata group and is an Indian businessman and currently the chairman Emeritus of Tata sons.As he stepped down from being the chairman of the 100 billion worth Tata conglomerate ,the team will sure feel his absence,but even the citizens of India will have a reason to miss his retirement.That was the type of a man,Ratan Tata was, not only looking for ways to upgrade and thrive his business but also on the best interest of his environment and surroundings.An economist once wrote, ‘by standing out against graph so publicly and consistently,Mr.Tata was ahead of his time.’ For instance,an episode in which the Tatas were in a conflict and took tough decisions and had to relocate their plants in Gujarat
Hutchison Group of companies had taken certain interests in the Indian telecom sector by investing n Hutchison Essar Ltd (HEL) in 1992. Hutchison had an offshoot listed in Hong Kong and that had been incorporated in the Cayman Islands in 2004. This offshoot was HTIL.
Tata Motors was established in 1945 as Tata Engineering and Locomotive Co. Ltd for manufacturing automobiles and other engineered products. In 2008-09 the revenue of the company was Rs.25, 660.79 crores (USD 5.5 billion), making it the biggest automobile company in India. It is a leader in commercial vehicles in each segment and the world’s fourth largest truck manufacturer and second largest bus manufacturer.
Aditya Birla Group is one of the first multinational corporations in India. Its headquarter is located in Mumbai with many others operations in different parts of the world such as in Asia (Thailand, Singapore, Myanmar, Laos, Indonesia, Philippines, China…), Europe (UK, Germany, Hungary, Italy, France, Luxembourg, Switzerland…), America (US, Brazil…). Throughout their growing, Aditya Birla have become well known in many sectors that they get involved in not only in India but also around the world. Back to the earlier day of the corporation, when it first founded, the group has focused on critical sector such as textiles and fibre, aluminum… and become one of the largest participant in those areas. Later on, in the 1960s, the company had expanded their business into cement and chemicals. Also, they expanded their business across the border of India into many other countries. This “revolution” has brought the name of the group into the international business map and become bigger than ever (Aditya Birla Group 2007). Today, ABG is a corporation with the consolidate revenue of 30bil with the affiliates in 45 countries and 60% of their revenue come from internationally and become one of the largest private company in the world (Aditya Birla Nuvo Limited, 2011).
In India, mergers and acquisition in telecom industry increases from the mid of 1990s.In developed country like US, the mergers acquisitions in this sector is going in the full-fledged manner.
Samsung and Micromax are locked in for the top two slots in India's growing Smartphone market but there's no clear winner. While one research agency says that home brand Micromax had doubting Samsung as the leader, another has kept the Korean major at the top of the list. Budget smartphone maker Micromax takeover Samsung Electronics Co Ltd in the fourth quarter as the leading supplier in India's booming smartphone market, research firm Canalys (UK based research firm) said Samsung disputed the rankings, saying it was still a clear leader in the category with a volume market share of 34.3 percent in the October-December 2014 quarter, citing data from market research firm GfK. Canalys said in its report published on Feb. 3 that Micromax
(now Reliance Communication Ltd.) which has concentrated on Information and communication technology initiative. Ambani made the world 's biggest grassroots, petroleum refinery at Jamnagar, India In 2008, Dependence Industries ' purchased a cricket group "Mumbai Indians" in IPL worth $111.9 million.In 2014 Ambani announced the investment of 1.8 trillion in the next 3 years and to launch 4G broadband services in 2015. He served on the leading group of chief of 'Bank of American Corporation ' and the International consultative leading body of the committee on the outside connection. He is likewise served as the director of leading body of IIMB.
Bankim Chandra Chatterjee was one of the great novelists of nineteenth century Bengal. He was a literary pioneer and nationalist who had an exceptional ability to communicate with and arouse the masses. Bankim Chandra was born on 26th June 1838 in the village of Kathalpara, near Naihati, District 24 Parganas, West Bengal. He belonged to a distinguished family. Bankim was the yongest of three sons of Jadabchandra Chatterjee and Durgadebi. His father was a Deputy Collector. Even as a child Bankim showed great courage and virtuosity and never had any fear of the 'gora sahebs'- (the British). He was always brilliant in his studies and started writing poetry at a young age. Bankim studied law from the Presidency College in Calcutta and was one of the first two graduates of the Calcutta University in 1858. He was immediately appointed- Deputy Magistrate by the British colonial government - a job he grudgingly held for three decades.
Although he has given many quotes like “Everybody has an equal opportunity and I think that is true for everybody.” I love this quote when I am going with cousins, my father bought an equal thing and he applied this quote and if my brother says that I want more thing than my father say this quote and give advice to my brother. Also, he said to people that time is precious and takes the right decision in life . If you take the wrong decision, then you’re not going to be successful in the life. However, sometimes I got low grades in my exam but then I worked hard and got the better grade because he says “not to be nervous if you got low grades in the exam accept it and work hard and increase the grade in the next exam.” In addition, when my father decided and says that you have to go to United states for higher studies and after getting United states visa me and my whole family was happy and then my father says that now it’s gonna be your time to prove that you want to become a successful person or not, because your time starts now and now you need to work very hard in the life and prove that you are the real idol of Mukesh Ambani. Furthermore, Mukesh Ambani had launch a new carrier, Jio which can be used in mobiles phone for talking, messaging, surfing the internet and it is very cheap so people can easily buy it. So