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Sambhar Mafia - Cooked To Kill!

Friday, June 03, 2005

How to become a Company Director at the age of 18?

It's actually quite simple. If you aspire to become a Company Director at 18, you need to be born into one of those high profile business families. For most of us turning 18 will be associated with applying for a Driving license (4 wheeler), voter ID etc. However for some of the privileged few it is the age at which they become Company Directors. Eighteen is too early an age to assume such an important role. Vijay Mallya's son, Sidhartha Mallya has been roped into the UB Group recently. Sidhartha is just 18 years old. As you all know, Vijay Mallya also chose to launch Kingfisher Airlines on the occasion of his son's birthday.

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18 Comments:

  • Those r kids born with silver spoon. Success is not so special to someone, as it comes to them naturally. We r luckier enough to have a chance to work for what we need.

    By Blogger fieryblaster, at 4:07 PM  

  • Kaps, the other option would be to buy an off the shelf Limited company and register yourself as a director :)

    By Anonymous Uma, at 5:26 PM  

  • 18 years! boy, thats young man! I hope he stays long enough to do something for the society ...

    some youngsters disappear when they are learning, making mistakes! Like in cricket and movies! I guess business is different!

    By Blogger G3, at 6:21 PM  

  • Ah well, DMK, PMK, Cong and many such political parties do that. They are supposed to have leaders chosen by public, but they are mostly nominated by their family members.
    Its being done in filmdom also.
    In business, its always been there. B-Schools even conduct courses on family business. There's nothing to be awed at on this prospect. I sure wish Ihad Lakshmi Mittal as my relative - uncle or something like that (My Dad is the best, so no trading for that)

    By Blogger Guruprasad, at 12:12 AM  

  • have blogrolled u. hope its fine

    By Blogger dumbs, at 4:39 AM  

  • Ithu ellam arasiyal'la sagajam :)

    By Blogger JaganLee, at 5:08 AM  

  • Macham dhan ellam! You or I wouldnt be talking about this, if we were also born into such families ;-)

    By Blogger Twin-Gemini, at 9:38 AM  

  • in india fmaily rules everywhere, business, politics.on one hand guys like vijay mallaya induct sons who know clsoe ot nothing bout business and on the other hand the murugappa grp heirs are inducted after they have international experience at the age of around 25-30. i doubt what siddharth mallaya knows to become a director.

    By Blogger ada-paavi!!!!, at 11:10 AM  

  • @Srivatsan,

    My understanding is that the Murugappa group heirs do go thru international experience at firms like GE, McKinsey etc. But they are not inducted directly into the Board. They enter at Junior Mgmnt or Middle Mgmnt and then rise up the ladder. Murugappa group were one of the pioneers in segregating ownership from management. They have professional managers running the show. Former Vice Chairman of Wipro (P S Pai) is now the Non Executive Chairman of Murugappa Group.

    By Blogger Kaps, at 11:50 AM  

  • yeah true, they come up the ladder and are not directly inducted, which is the way it shud be, even bajaj has a similar policy, rahul and rajiv has to work up the ladder to their current positions. any idea on reliance? did mukesh and anil directly join the board?

    By Blogger ada-paavi!!!!, at 12:11 PM  

  • Let's leave the silve spoons aside.!

    My wife said that she attended some meeting in our daughter's school.

    The speaker had mentioned that parents should feed the idea of making kids interested in starting a business rather than looking for employment.

    How many parents do that? Not mine. Always, Padi, velaikku pohganum, etc. Nobody told me to do something, start something on my own. I regret it now. But who knows the future..!

    Good one though , made me think.!

    By Blogger Narayanan Venkitu, at 2:16 PM  

  • Certain kids are born as directors...(not only with 'silver spoons')....Whether they hv experience or not, they learn things on trial & error method!!!! But, as you had mentioned, it would be a costly T&E method..

    If it is a public listed company, we need to feel sorry for the public, in case an entire affair is mishandled due to the inexperience.

    By Blogger Ram.C, at 3:41 PM  

  • No Comments. இதெல்லாம் சகஜமப்பா!!!

    By Blogger Chez, at 6:21 PM  

  • yeah
    But they do not excel as how their fathers did in yester years. Most of them.
    Just take reliance for that matter. They issue 100 year bonds and stuff and the secong generation is stumbling.

    By Blogger Suguna Purushothaman, at 9:11 PM  

  • i used to think that only in india we have this nepotism... i was surprised when big public companies in US like qualcomm decide to make the CEO's son to be the next-in-line... i guess it is everywhere...

    and someone was also saying that being born in a family could take you only so far... after that, it also depends on how well u are for u to succeed...

    i guess what is bad is that this kind of favoritism is taking the opportunity from other well-deserving people...

    By Anonymous kumaran, at 3:55 AM  

  • i ignore all those critics,man itz his luck to be born under a label every1's not dat lucky enough n who knows tommorow he proves far better than Dr mallya himself,afterall he must hav got sum genetic instincts 4 business world.

    By Anonymous munmun ahuja, at 12:15 AM  

  • Being a director of your own company or your family's company is one thing. Being a director of someone else' company, whether it is listed or privately held, is quite another.
    It would be very rare for anyone to gain the skills required to discharge the duties at such a young age and, in my opinion, youngsters who are put into these positions too early often make horrendous mistakes (look what happened to the Murdoch and Packer boys when they tried to run Onetel).
    There are places where ordinary people can learn to be directors. I have a guide on Amazon (available free at http://www.amazon.com/gp/richpub/syltguides/fullview/R1AI6X3WEX82MX/ref=cm_sylt_byauthor_title_full_1) that tells you where to learn the skills in Australia, America or the UK. If you know where to learn directorship in India please tell me. I am writing a book on (real) directors careers and am keen to get more skilled directors (rather than just rich kids) into boardrooms. I also have a free newsletter at www.mclellan.com.au/newsletter.html that gives some insights into what really happens inside boardrooms.
    If you want to get a directorship and you are prepared to work for it, you will get one eventually. Don't give up hope. It only leaves your space available for some other rich idiot!

    By Anonymous Julie Garland McLellan, at 9:33 AM  

  • I think being Vijaya Mallaya son is suited to become a company Director. I am assuming that he is his real son and is staying in the same house as Vijaya. Being a director is not just qualifications but also understanding the company strategy and vision and who else can understand the vision and strategy than one of the same blood.

    By Anonymous TechHairBall, at 3:07 AM  

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