Having rebounded remarkably from the economic crisis of 2008, the global automotive industry has been on a roll. Market analysts now predict
better times for the industry—a trend reflected by Aurangabad-based Varroc Group, which has registered almost 20 per cent YoY growth to post sales of `10,300 crore in FY 16-17. We have featured the head of the automotive component giant, Tarang Jain, on our cover, who plans to take his rapidly expanding global business to a `20,000 crore entity by 2020.
This issue of Marwar also echoes the uncanny ability of Marwaris to turn their hands to any business and turn it into a huge success. A case in point is millionaire Ritesh Agarwal of OYO, a college dropout, who has built India’s largest online network of branded hotels that offers 70,000 rooms in 200 cities to travellers. In yet another example of Marwaris’ unique ability to build businesses, Kamlesh Gupta of the WestCoast Group has revolutionised the frozen seafood industry with his acquired expertise for prawn hatcheries—an unusual field for a strict vegetarian.
Building businesses may be relatively easy for Marwaris, but keeping them well-oiled and running calls for compliance with the legal framework that governs them. Here too Marwaris have not lagged behind. In out tribute section, we have featured the century-old Kolkata-based law firm, Khaitan & Co, whose founding fathers continue to be remembered as icons of the legal fraternity in the backdrop of the uninterrupted growth and success of the illustrious law firm.
Public art plays a significant role in society by inspiring, intriguing, motivating and provoking the community it is created for. In an inspiring article, we bring you industrialist Harsh Goenka’s devotion to art and his efforts to change this space by setting up art installations across Mumbai that reflect the city and its spirit, through his RPG Art Foundation.
Notwithstanding its crushing population and increasing instances of man-animal conflicts, India’s wildlife preservation efforts have been successful and exemplary. In this direction, read about Rajasthan’s efforts to protect the leopard by becoming the first state in India to launch a project to protect the spotted cat by mitigating conflicts with humans and controlling poaching.
The Indian media industry—where the Marwari community’s contribution once again remains unmatched—went into mourning together with the rest of the nation on April 12 after it lost one of its brightest minds with the sad demise of Ramesh Chandra Agarwal. In an obituary, we have honoured the man who is credited with turning the Dainik Bhaskar Group, or DB Corp as it is now known, into one of the most successful media houses of the nation. With all this and more, we bring you another stimulating issue of Marwar.