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This is often done deliberately by Marwari parents so that the child absorbs, perhaps only semi-consciously, concepts and values and grasps why some things worked and some did not, and why some things lasted and some did not. Two things in particular have stayed with him from his childhood.

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  • One is the value of the joint family in teaching essential values. You learn to work with various members who have different attributes and skills. You learn to work like a team. The second was that, as a wealth creator, you have to have humility.

    Sample personal biography templates: Hemant Kanoria is an Indian entrepreneur. He was the founder of Calcutta based finance company Srei Infrastructure Finance. [1]. He served as the Vice President of the Calcutta Chamber of Commerce. [2]. He also served as a Chairman of the FICCI National Committee on Infrastructure. [3].

    The family has stayed together. The third brother lives in London and the fourth in New Delhi. At every opportunity, they get together, with their sister, at their respective homes. When he was 17, Kanoria was given responsibility for two flour mills in the family business.

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  • One was a sick unit; the other had been closed. Although the mills had to eventually be closed down owing to government regulations, this early experience was important. The young man who had focused a lot on sports — swimming, rugby, ice-skating and horse-riding — was thrown into managing time, people and priorities in a challenging environment.

    His father wanted to let him make mistakes and learn from them. Amid the life of a large extended family, he sat through meals where his grandfather, father, uncles and cousins used to talk about the family business. When he was 17, he was given the responsibility of two flour mills in the family business. One was a sick unit; the other had been closed.

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    They began by financing infrastructure equipment for contractors and construction companies. To their good fortune, the sector was opened up for private participation in Srei has also launched a Rs 2,crore Rs 20 billion fund with a minimum ticket size of Rs 1 crore to invest in stressed assets. Kanoria is also exploring the possibility of acquiring tower assets in markets outside India such as Russia, Africa and Bangladesh.

    Kanoria travels two to three days every week to understand policy from government officials and the perception of India from international financial institutions.

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    This is important, he says. He also meets clients regularly to understand their needs and how their businesses are doing. Besides infrastructure equipment finance, Srei is into project financing and has a portfolio of strategic investments. Brother Sunil Kanoria, the vice-chairman of the company, complements Hemant.

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    Sunil Kanoria is involved on the policy framework and operations side of the business and became the president of Assocham last year. Over the years, Srei has made strategic investments in power, roads, ports, special economic zones and water projects because there were good opportunities. Viom Networks was one such investment. He says things have started moving in the infrastructure space.

    The only constraint is that a lot of unsettled claims of contractors and concessions need to be settled.

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    References [ edit ]. Telegraph India. Retrieved 4 September Retrieved 5 September The Financial Express. BW Businessworld. Retrieved 1 December The Week. Retrieved 8 September