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Topic1-AmartyaGhosh - AmartyaGhosh IIM,Lucknow Contents...

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W INNER CRISIL Y OUNG T HOUGHT L EADER 2010 Amartya Ghosh IIM, Lucknow Can Indian companies rule the world?
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Contents Executive Summary ....................................................................................................................................... 3 Introduction to Indian Corporate World ....................................................................................................... 3 Phases in the Indian Corporate World .......................................................................................................... 3 Phase I (1947 – 1991) ................................................................................................................................ 3 Phase II (1991 – 2003) ............................................................................................................................... 3 Phase III (2003 2008) .............................................................................................................................. 4 Phase IV (2008+) ....................................................................................................................................... 4 Drivers and Barriers for Indian Companies’ Global Ambitions ..................................................................... 4 Me Today You Tomorrow Model .................................................................................................................. 7 Origin of the MTYT Model from AirTel ..................................................................................................... 8 Identifying the New MTYT Players .......................................................................................................... 10 Conclusion and Remarks ............................................................................................................................. 11 Appendix ..................................................................................................................................................... 12 1. AirTel Data from 1999 2010 ............................................................................................................... 12 2. List of Figures, Graphs and Tables ....................................................................................................... 12 3. List of External Sources Used .............................................................................................................. 13 4. AHP Exercise Tables and Calculations ................................................................................................. 13 Page 2 of 18
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Executive Summary Through this Whitepaper we have tried to understand and answer “ Can Indian Companies Rule the World ”. The conditions related to the possible success and declines have been analyzed to understand how the companies can rule the globe. Later we look at a case study on the Indian Mobile Industry and how Bharti AirTel has successfully dominated the domestic market and now setting foot in the global markets. Here, a new M&A model has been conceptualized - The”Me Today You Tomorrow” Model which is based on AirTel’s M&A activity. Introduction to Indian Corporate World The Indian corporates have come a long way from 1947 when uncertainty reigned to a point where every country in the world would want to do business with the country’s companies. Today, Indian companies are respectable all over, dominate businesses and usually have a smooth takeover process in the global circuit. In recent years, examples of Indian takeover have been in areas of Automobile, Steel, Telecom, IT and to the extent of taking over of East India Company. At the same time, Indian companies have been targets of foreign companies in Healthcare and Telecom. We are here after seeing different phases in the corporate world, which have been described in the next section. Phases in the Indian Corporate World Phase I (1947 – 1991) The post Independence era was characterized by licenses, barriers, and business caught with lots of red tape and delays. However, one thing which did stand out during this period was the rise of conglomerates. Some were established before Independence in form of TATA Sons and some were being formed by entrepreneurs like Dhirubhai Ambani. Also, in 1980s, a small group of people at Bangalore made Infosys, which pioneered the IT revolution in India. Phase II (1991 – 2003) Page 3 of 18 In 1991, the liberalization process was announced which started the emergence of Indian companies and recognition in the world. Not only, the companies were made free from the shackles which held them back both in domestic and international markets but steps were taken
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