Word: arvind
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Dates: during 1963-1963
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Prime Minister Nehru once described India as "a bundle of the centuries in which the cow and the tractor march together." Indian business suffers from, and sometimes profits by, such intermingling. Among those who are mastering the combination is canny Arvind Mafatlal, who at 40 is chairman of a $61.9 million family-controlled business that is spreading out from the mills of India's traditional cotton industry into modern petrochemicals...
Private enterprise has been kind to Mafatlal and his business, which was founded by Arvind's grandfather in 1905. Mafatlal lives with his wife and three children in a swank Altamont Road mansion in Bombay's outskirts, is served by a staff of 65. A devout Hindu, he eats no meat, keeps his own herd of cows to supply his family with milk, and wears simple white cotton from his own mills. Mafatlal and other Indian industrialists of his generation are more civic-minded and less apologetic about wielding great wealth than were their fathers and grandfathers. Since...