Manufacturing is finite, but human intellect is infinite. Textile is all about manufacturing, and industries like pharmaceuticals are all about human intellect.
We are disciples of Krishna, and we look at ourselves like Arjun in the battlefield.
Disabilities and misfortune can make you stronger.
There are always highs and lows in life, but if you maintain an even keel, then you can take the right decisions.
We take dispassionate view of our investments. Does it mean that we are looking out to monetise the investment? That is not correct. But if we get an offer that we cannot refuse, as I say, then it is not that we are not, that we will still hold on to the investment.
Within the renewables space, we are focused on solar and wind energy.
I think my greatest virtue is that I have the courage to take tough decisions. As for my greatest fault, I guess I should be a little tougher. The feedback I get always is that I am not as tough and demanding as I should be.
In any merger, when you have large organisations coming together, there will be challenges in terms of culture.
Investment in Shriram will actually enable us to enter some of the retail segments such as vehicle financing, consumer and gold loans, and other products such as insurance, mutual funds, among others, where we wanted to have a footprint.
I may believe in something, but if it is not working and is not giving returns, we have to close it down because that is the right thing to do for the shareholders.
Humility, we say, is very important because we feel humility means the ability to listen, the ability to respect another's opinion and to find that everybody around you in some subject knows more.
I am overall optimistic about India's growth.
Our risk systems and processes - we keep investing and improving them.
Life looked bleak when I became chairman of the group at the age of 29. But I survived, as the Lord must have carried me when I needed Him the most.
I am humble enough to understand there are many people who know much more than I do on many subjects, so I listen to them. Integrity is also critical to leadership, so I believe there must always be alignment between what you think, say, and do.
Fortunately, in Piramal Enterprises, we are in three broad sectors. One is in the whole financial services sector, the second is in pharmaceuticals, and the third is in healthcare analytics and data.
I have always said that you have to fail. If you do not fail, it means you have never taken enough risks.
Normally, Indian companies follow the trend set by companies abroad. There is usually a long lag period.
Textile mills are not a very high-margin business and have fixed overheads, so it was challenging. But I think it is only in challenges that you get opportunities.
Don't hoard your wealth. Instead, live the life you want with the wealth you have been blessed with, but also make it beneficial for the good of the larger community.
