Word: charat
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Dates: during 1960-1969
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Once such joint ventures are arranged, the Indian government protects them against foreign imports by high tariffs and quota restrictions. Says Charat Ram, 49, whose combine of sewing-machine, refrigerator, air-compressor, textile, and chemical companies makes him India's eighth largest manufacturer: "You cannot make a loss unless you are an utter fool. We are absolutely in a seller's market...
...fact that only five of 12,000 employees are related to him; Mahindra has linked his plants with Telex communications, keeps track of production with PERT (for performance evaluation and review technique), which was originally devised in the U.S. to coordinate production of the Polaris weapons system. Charat Ram took the lead in founding the All-India Management Association to help develop new talent. Says he: "There is a vast shortage of good management talent in India...