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Just like Harry Potter and his friends went to Hogwarts to learn their wizardry, junior <keyword id="46431" type="CITY" weightage="80" keywordseo="India-Inc">India Inc</keyword> is heading to <keyword id="70846" type="ORGANIZATION" weightage="80" keywordseo="Harvard-Business-School">Harvard Business School</keyword> by the hordes, to learn the 'tricks' of the trade that will eventually help them help their illustrious parents in their multimillion dollar business ventures. And even as <keyword id="2601661" type="UNKNOWN" weightage="80" keywordseo="JAY-KOTAK">Jay Kotak</keyword>, the elder son of <keyword id="45051" type="PERSON" weightage="80" keywordseo="Uday-Kotak">Uday Kotak</keyword>, senior vice chairman and managing director of Kotak Mahindra Bank, prepares to attend the coveted business school, he will be joining many amongst India Inc's 'future'. BI India lists down five such second generation leaders who learned to swish their magic wands at Hogwarts..err.. <keyword id="53675" type="ORGANIZATION" weightage="80" keywordseo="harvard">Harvard</keyword>. 
 
Rishad Premji 
Rishad Premji, the current chief strategy officer and the head of Investor Relations &amp; Corporate Affairs, joined Wipro in 2007 as a manager in the financial division of the company. Armed with a MBA degree and BA degree in Economics from Wesleyan University, the junior Premji and is all set to join the board of the company from May 1. 
 
<keyword id="155327" type="PERSON" weightage="80" keywordseo="Rohan-Murty">Rohan Murty</keyword> Rohan Murty, son of Infosys founder <keyword id="745832" type="UNKNOWN" weightage="80" keywordseo="Narayanan-Murthy">Narayanan Murthy</keyword>, created a quite a stir when he joined the company in 2013. He joined the company as executive assistant to the Murthy. He pursued his PhD in Computer Science from Harvard Business School and is also a junior fellow in the Society of Fellows at the university. 
 
Aditi Kothari 
Daughter of investment banking veteran Hemendra Kothari, Aditi joined the group after completing her post graduation in business administration from Harvard. She is an Economics graduate from the Wharton School of the University of Pennsylvania. Currently, she is the head of Marketing at DSP BlackRock Investment Managers. 
 
Tanya Dubash Tanya Dubash, the eldest daughter of Adi <keyword id="6369697" type="COMPANY" weightage="80" keywordseo="Godrej">Godrej</keyword>, is currently the executive director and chief brand officer at Godrej Group. She is responsible for spearheading the conglomerate’s marketing functions. Dubash has an AB degree with Economics and Political Science from Brown University and pursued Advanced Management Programme from Harvard. 
 
Nisaba Godrej 
The younger daughter of Adi Godrej, Nisaba, popularly known as Nisa, serves as the head for innovation strategy at the Godrej Group. She went to Harvard to study MBA and if reports are to be believed, she was fixated on India. Once back, she joined Godrej Agrovet and turned the tables for the company.

5 India Inc scions who went to Harvard to learn the 'tricks'

Mumbai, Jan 17 () E-commerce giant Amazon's chief executive and world's richest person Jeff Bezos on Friday concluded his three-day India visit with meeting captains of Indian industry.
Among those who met included Reliance Industries chairman and richest Indian Mukesh Ambani, who is also into retailing, and a host of other c-suite honchos.
The meeting was held at a star hotel in South Mumbai this morning.
Others who were present included SBI chairman Rajnish Kumar, Godrej Group chairman Adi Godrej, Zarin Daruwala of Standard Chartered Bank, Xiaomi's India Head Manu Jain, Infosys co-founder NR Narayana Murthy and Bank of America's Kaku Nakhate.
Retail and Fast Moving Consumer Goods players, including Kishore Biyani of Fture Group (where Amazon has an investment), Hindustan Unilever's Sanjiv Mehta, Nestle India's Suresh Narayanan and Proctor and Gamble India's Madhusudhan Gopalan were also present.
Sunil Mittal of Bharti Airtel was also present for the meeting wherein Bezos was accompanied by the head of Amazon in India, Amit Agarwal.
Among others were Infosys' Salil Parekh, HSBC's Surendra Rosha and Ola's Bhavish Agarwal.
 The business leaders posed for a group photo on the hotel's stairs before departing.
Bezos visited Rajghat in New Delhi on Tuesday, followed it up with a meet with small businesses on Wednesday and spent time with Bollywood celebrities on Thursday evening as part of the visit.
He has announced investments of USD 1 billion over the next few years and also create 1 million new jobs in India by 2025.
Bezos could not reportedly get an audience with Indian Prime Minister Narendra Modi, while Union Commerce Minister Piyush Goyal stoked a controversy by stating that the e-commerce giant which is being investigated for predatory pricing is not doing India any favour by the investment. AA MKJ

Jeff Bezos meets industry captains, concludes 3-day India visit

2015 was the year that saw the <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startup industry </a>in India come off age. While on the one hand, there were brave individuals starting up on their own, the year saw companies like Ola, <a href="http://www.businessinsider.in/searchresult.cms?query=Snapdeal">Snapdeal</a>, Quikr, <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword> and Paytm crossing the $1 billion in valuation to join the Unicorn club on the other. The rise of startups also led the angel investment community to take more risks than before. However, most importantly, all along India witnessed a Prime Minister who went the extra mile in encouraging the startup community by announcing several government measures -‘Startup India, Standup India’ being the latest one – while also showing the world the power of entrepreneurs back home. 
 
<a href="http://www.businessinsider.in/No-funds-for-your-start-up-Here-are-5-things-you-need-to-attract-angel-investors/articleshow/49323077.cms">ALSO READ: No funds for your start-up? Here are 5 things you need to attract angel investors</a> 
 
As the spectacular year draws to a close, imminent investors take us through the significant changes which both the startup as well as <a href="http://www.businessinsider.in/searchresult.cms?query=investor+">investor </a>community witnessed in 2015. Read on: 
 
STARTUP ECOSYSTEM BUILDING IN INDIA 
 “2015 has been a watershed year because there has been huge growth in the quality of startups that have come in,” says Saurabh Srivastava, cofounder of the Indian Angel Network and Nasscom. Happy to see an ecosystem building, he says: The government is beginning to encourage startups like never before as they also believe that startups can build wealth and employment. Moreover, people are seeing so many other successful ones with innovative ideas which are making good amount of money, solving ground problems and attracting global interest that they feel encouraged to do startups themselves. Also, there is huge interest among <keyword id="6365770" type="UNKNOWN" weightage="20" keywordseo="angel-investors">angel investors</keyword> to come in, invest and take more risks.” 
 
ANGEL INVESTMENT BECOMING AN ASSET CLASS: 
 
Mrs Padmaja Ruparel talks about the growth of angel investing community in India and how it has become an asset class. 
 
“It really is a class where first generation entrepreneurs like Saurabh, Narayanan Murthy and the likes – all middle class entrepreneurs who created garage to IPO kind of companies - have had a passion for entrepreneurship and have wanted to remain engaged in new innovations. They do this today by not only investing in young startups, but by mentoring and providing market access through their global network. This asset class has now moved beyond entrepreneurs. So, we are seeing lot of professional class investing and lot of second generation business house people also investing.” 
 
“On the other side, I feel starting up will become a career option soon. We are seeing entrepreneurs’ freshly out of college increasingly doing startups. One of our companies Mukunda Foods making tabletop dosa making machines, have youngsters who came out of college, created a prototype and are now delivering across nearly 9 countries. This is not to say that others aren’t. It’s also true that several experienced professionals are also building startups,” she says. 
 
SHIFT IN TRADITIONAL MINDSET AND APPROACH OF INVESTORS 
 Saurabh, who has nearly two decades of experience in <keyword id="6357455" type="EVENT" weightage="20" keywordseo="Funding">funding</keyword> startups, admits there has been massive change in the way investors look at startups today. 
 
“Investors are willing to put their money in more and more startups these days. 15-20 years ago investments were made only in IT companies, particularly those which had global appeal because growth came from overseas market. Today, India itself is a big market and we now see high quality entrepreneurs across variety of sectors – healthcare, IT, education, semi-conductors, hospitality, medical devices, ecommerce etc. A big shift in the investor approach has been to take the risk of investing in companies which target only the domestic market. Some of our best successes at IAN have come from companies catering to the Indian market,” he says. 
 
GEOGRAPHY NO MORE LIMITING FACTOR, INVESTMENT HAPPENING OVERSEAS 
 
Meanwhile, Padmaja feels opportunities lay galore for startups everywhere in the world when it comes to raising funds. Why? She explains: 
 
“IAN has set up its angel investment office outside the country. We are not only seeing entrepreneurs there, but actively investing too. The reverse is true as a lot of overseas investors are investing with us in companies that we are bringing the opportunities from. Geography is thus not a limiting factor anymore and that’s where we are able to make IAN a global platform where people from around the world can invest and get good returns,” says Padmaja. 
 
INDIA IS BEGINNING TO ACCEPT FAILURES 
 
Both Saurabh and Padmaja are of the opinion that failing does not minimalize chances of getting money from investors as there is increasing social acceptance for failures in India unlike before. 
 
“I think the concept of accepting failure was not there in India, but it is starting to get accepted. You try your best but it may not have worked for various reasons. I feel people who have not succeeded can be very good entrepreneurs because they have learnt from mistakes and have the hunger to succeed,” says Padmaja. 
 
Saurabh joins in to conclude: “When somebody has tried failed and wants to do it again, it shows character. It shows passion and commitment. An entrepreneur doesn’t always fail due to incompetence, there could be several other reasons say their partners let them down. They want to come back again and show the world what they can do. There has to be social acceptance for them and it is happening within the investor community gradually.” 
 
(Image credit: Thinkstock)

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5 India Inc scions who went to Harvard to learn the 'tricks'

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Jeff Bezos meets industry captains, concludes 3-day India visit

PTI

Why 2015 was the year of Indian Startups, tell us imminent investors

Anushree Singh

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