His textile company is a winner of ‘Forbes Asia 2011’ award
and is also cash-positive. He practices what he believes in.
Sustainability and conservation are two subjects close to his heart.
So, *when most textile companies would be content installing an
effluent treatment plant (ETP), he has gone one step ahead and erected
an RO water treatment plant, which further purifies the water and in
turn reduced overall water consumption by 40-50%.* *While most
organisations measure the intelligence quotient, when hiring top and
middle level personnel, he also measures the emotional intelligence
quotient.* Ever since he joined the management of the textile mill in
2007, his company has grown at a blistering 25 percent CAGR in the
last four years and is also expected to clock a healthy growth rate in
the current fiscal.
I am in Pali â€" Rajasthan to meet Yogesh Bangur â€" Director of
Rs 4.3 billion turnover, Maharaja Shree Umaid Mills Ltd [1] (MSUM),
mainly a cotton textile mill. He is the fourth generation scion of the
Kolkata-based Bangur family, a family in the Indian trade and industry
for well over a century.
Yogesh comes across as a 1,000 kilowatt live wire, brimming with ideas
to implement, but in a systematic and unhurried manner. For instance,
he has big plans for MSUM, but does not want to implement them in a
rush. He would rather outsource production and test-market a new
textile product, than straight away invest on building new production
capacities.
Yogesh who is just all of 28 years has studied at Don Bosco School in
Kolkata and graduated in accounting and finance from Warwick Business
School in UK and also did his post graduation from Warwick
Manufacturing Group in programmes and projects management.
Yogesh is an avid sports aficionado and loves to play tennis and
badminton, which he picked up when in school and still pursues it
avidly. He is also in to adventure sports and is a certified scuba
diver. Atleast once a year, he plans a trip to indulge in his passion
for deep sea diving.
He is not a voracious reader, but loves to read short stories, mainly
of RK Narayan. He is gung-ho about ‘emotional intelligence’
a topic on which he has done a thesis while in Warwick and has read
books on the subject by Daniel Goleman, an authority on emotional
intelligence.
He is married to Meenakshi, daughter of Mr Siddharth Birla of the SK
Birla Group. She is on the board of Jamnagar â€" Gujarat based
Digjam Limited - an SK Birla group company and a reputed worsted
textile suiting producer. Meenakshi is currently spearheading
Digjam’s sales and marketing function.
The Bangur siblings including his elder brother and sister were
brought up on a rich diet of being down to earth and avoiding wasteful
expenditure. Respecting others â€" young or old comes naturally to
Yogesh. Sticking to ethics, come what may, is another value ingrained
in him. Reaching out and helping people is a way of life in the Bangur
family.
See the original post here:
India:'Create something that outlives you' – Yogesh, Umaid Mills
Links:
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[1] http://trackurl.fibre2fashion.com/advt_banner/track.f2f?rurl=http://msumindia.com/&sec=Fibre2Fashion News&uinfo=[companyname]
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