GM Rao’s enthusiasm still unbeatable
Since the past five years the infrastructure sector has seen the fortunes of decline precipitously but the burgeoning debt, stalled power projects and falling stock prices haven’t diminished at all GM Rao’s enthusiasm for improving his company’s management systems.
Even as he douses the fires that still continue to spring up occasionally in various rooms of his Rs 10,000 crore revenue office, the chairman of GMR Infrastructure remains focused on the `institution building’ process he started 15 years ago, using the best of management tools to improve governance, risk management, leadership development and everything else.
He states that things would have been much worse for them if they did nothave these mechanisms in place. But he says that thanks to institution building, his blood pressure is in control and he is no longer in the need sleeping tablets. However he has embraced it with much passion now, the idea of moving the company from a purely entrepreneurial mode to a more process oriented structure was not actually Rao’s idea but it came from his children, more specifically from his younger son whose name is Kiran Grandhi.
Source: The Economic Times
burgeoning debt, improve governance, leadership development, Risk management, stalled power projects
