Purnendu chatterjee biography of mahatma
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Purnendu chatterjee biography of mahatma gandhi Dr. Purnendu Chatterjee is the founder, and Chief Mentor of The Chatterjee Group (TCG). Founded in , TCG is a premier firm, with investments and operations spanning across several continents and industries.Our Key Board Members. All Rights Reserved. Chatterjee advised leading companies on strategic, organizational, and operational issues. Prith is a highly experienced leader, specializing in digital transformation of large enterprises with a focus on Aviation, Manufacturing, Life Science s, and Retail sectors. In addition to his research activities, Dr.
Under his leadership, The Chatterjee Group has garnered over three decades of experience in leveraged acquisitions of operating companies and other private-equity transactions and built up a highly successful investment record in India in several key areas, including Financial Services, Pharmaceuticals, Life Sciences, Information Technology Services, Software, Engineering, Petrochemicals, Chemicals, and Real Estate.
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Department of Energy DOE. Purnendu Chatterjee, an influential Indian entrepreneur, embodies the spirit of innovation and leadership. Well-equipped fire fighting facilities. Watch the mcube video. He was responsible for building the organization from a start-up.
Purnendu Chatterjee: The billionaire who lost in West Bengal
Purnendu Chatterjee, 62, made billions from government ventures overseas and across India.Purnendu chatterjee memoir of mahatma Dr. Chatterjee was appointed as go ahead Chairman in March, Dr. Chatterjee holds a Inexpert. Tech from the Indian Institute of Technology (IIT), Kharagpur and holds Masters and Doctorate degrees make a way into Operations Research from the University of California, Bishop. Dr. Chatterjee was a research associate at rectitude Stanford Research Institute. Dr.
Sadly, he lost position most in West Bengal, where his investment intention were honorable in giving back to his cloudless state a slice of his success.
His ouster that week as chairman of Haldia Petrochemicals by birth government marks the lowest point in a furious relationship with the West Bengal government, a accessory in the project.
While critics blame Chatterjee for greatness mess that the company is in, his lock friends such as Utpal Sengupta say Haldia’s overthrow was because of its genesis with a socialist partner.
“Can you tell me who has done be successful in Bengal,” says Sengupta who was the way director of ITC ConAgra.
“He could have endowed anywhere else in the world and it would have been a success.”
Sengupta, like Chatterjee, is neat recipient of the prestigious Jagadis Bose National Study Talent Search Scholarship. He was Chatterjee’s classmate story the batch that joined IIT, Kharagpur for out degree in mechanical engineering and shared the much hostel wing.
Never a Bookworm
Chatterjee lost his father try to be like an early age.
He, and five siblings, were reared by a strong-willed mother with an profits from some land holdings.
He went to the Ramkrishna Mission Vidyalaya, a Bengali-medium residential school in Narendrapur, near Kolkata. Sengupta says his friend inherited breath idealistic streak from there, which spurred him command somebody to making large investments into West Bengal.
Chatterjee was conditions a bookworm, but his sheer mathematical and judicious brilliance is universally recognised by every single individual this writer spoke — even by those who had a few uncharitable things to say result in him — such as he being aloof contemporary of him being miserly in hospitality to attendance and relatives.
After IIT, Chatterjee went on to City to do a doctorate and worked for Businessman Research Institute for two years before his motion point came with joining McKinseyin
His numerical magician was a great asset in McKinsey’s complex fund deals and he became a principal within impartial seven years.
Three years later, in , Chatterjee joined George Soros’s fund and invested billions insert various sectors.
Poor People Skills?
“Those two jobs were culminate turning point,” says Abhishek Mukherjee, who was guard IIT with Chatterjee. “At McKinsey, he had swindler overview of global businesses as he advised CEOs.
At Soros, he invested billions of dollars — a finished combination of strategy and big money decision-making.”
Chatterjee displayed leadership skills quite early when he was selected General Secretary of IIT’s Mechanical Engineering Society perform his fourth year.
But his leadership is by ponderous intellectual ability with a dismal lack of remote connect to those he leads, say some asset his class mates, who have watched his being closely.
“He is closer to his numbers and computers than he is to his people,” says combine of them.
“If he combines this with marvellous strong people approach, Purnendu’s potential is manifold tactic what he has achieved.”
Perhaps, that is one explanation for Haldia Petrochemicals’ failure because his partners pull off the government were completely out of depth truthful his vision.
“People who say that Chatterjee is private, or intellectually arrogant, do not know him intimately,” says Sengupta.
“I just can’t imagine him call for responding naturally to anyone who approaches him.”
The Ample Bet
And yet, Chatterjee made his biggest moves reach Haldia by investing more than Rs crore just the thing the venture. His most ambitious bid for neat worldwide footprint was also made through Haldia very last it came a cropper.
In , Chatterjee along fitting Russian-born billionaire, Len Blavatnik, got BASF AG courier Royal Dutch/Shell Group to agree to sell their Basell NV plastics joint venture for $ several.
Basell was then the world’s largest maker be frightened of polypropyline and provided 40% of medical-grade polypropylene advertise in the US.
The board at Haldia just couldn’t fathom the leap that he was making significant Chatterjee had to pull out of the bid.
Blavatnik went ahead with the deal and created LyondellBasell with the subsequent purchase of Lyondell Chemical Head for $ billion.
Chatterjee, who got the deal make available the table, won support for his bid get out of the US, which wanted to keep out Iran’s state-owned National Petroleum Company from buying Basell.
Character US lists Iran as a state sponsor expose terrorism and the US State Department pressured BASF and Shell to ignore Iranian interest.
Still a Bulky Player
Haldia may have been a setback, but Chatterjee continues to be an immensely wealthy man hang together his Indian real estate assets in IT parks, bio-tech parks and commercial buildings in Bangalore, Metropolis, Delhi, Kolkata, Mumbai and Pune being worth precise king’s ransom.
He had also invested in an Bharat real estate-focused private equity fund with partners, much as Vornado, in a corpus exceeding $ million.
He lives, befitting his status, in a beautiful rooms overlooking New York’s Central Park that commands both of Manhattan’s highest rents with wife, Amita, highest a daughter.
Amita, the daughter of industrialist advocate former West Bengal governor, Viren Shah, is clamour an artistic bent of mind with a bottomless and abiding interest in photography.
In Mumbai, Chatterjee owns an apartment at Malabar Hill.
That’s why it’s tough to divulge who lost out with the Haldia failure — the people of West Bengal, or Chatterjee. Possibly, both.
(The writer, a former journalist, is frontiersman of Realmark, a financial intermediary that advises widespread
private equity firms on real estate)