Manoj tirodkar biography of mahatma
I had to shelve my creativity because of my strong sense of commitment to the lenders. Actually, the uniqueness of our business is that we were the only players that built infrastructure while not being a telecom operator. Sutar — Sculptor Vasudeo S.
And that's why he had pushed for the deal to buy Aircel's tower business. Big Deal Last week, GTL agreed to buy Aircel Cellular's tower business for Rs 8, crore in an all-cash deal that will catapult it to the world's largest independent telecom tower company. The deal surprised many who had written off the company along with DSQ Software and Pentafour, which were also part of famous K stocks, but have almost vanished now.
Overcoming a towering challenge: Manoj Tirodkar, Founder & Managing Director of Global Group
But Mr Tirodkar had pulled off a coup when he got a consortium of banks to lend it Rs 5, crore for the transaction. But convincing Malaysia's billionaire entrepreneur Ananda Krishnan was no cakewalk as he did not want to sell out the infrastructure.
Our due diligence did not harass them. More of the same, as domestic rivals controlled by operators may find it difficult to lure customers. The two companies will together contribute around Rs 3, crore and they have the cash on their balance sheets to justify these numbers.
Manoj Tirodkar's back, and making waves
The promoters will put in the rest, partly using the money left over from the sale of the e-commerce business. In the near future, Mr Tirodkar will concentrate on his passion, the unfashionable work of operating and maintaining infrastructure assets.
These areas also typically involve interface with government authorities in order to obtain clearances. Power transmission and distribution is another opportunity What is Mr Tirodkar plotting to do after growing from the chawls to plush farm houses?
Retirement by October 3,when he will turn fifty. I am into architecture. From Around The Web The world's best recipe to lose weight! How the Indian government is keeping Rohingya out. Stocks you can buy this Diwali. My Saved Articles Sign in Sign up.
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Views Read Edit View history. This page was last edited on 12 Octoberat Today, when you do the same thing 20 years later, it is cashflow that will drive the value. Maintaining his revered reputation within the telecom world was another motivating factor in his decision to commit to the rebuild of GTL Infra.
Actually, the uniqueness of our business is that we were the only players that built infrastructure while not being a telecom operator. We are merely an infrastructure provider. The talented team responsible for the GTL Infra turnaround. The next time he addresses a hall full of eager academics, that message will hold even more weight.
Decades before India introduced mandatory corporate social responsibility CSRthe Global Group made philanthropy a permanent facet of its operations. Founder Manoj Tirodkar says the moral fibre of the company has a lot to do with his upbringing. Most corporates have been fortunate enough to build a fortune. This is something that ought to be done, because there are millions and millions of people in our country who really need entrepreneurs like myself to do something to help them.
There are many other Indian entrepreneurs who are doing big-time philanthropy.