Talented manpower

Every year thousands of employees are being hired by companies and most of the employees leave the firm in few months, because they may not feel comfortable or they may not be able to adjust with kind of environment that is provided at the workplace. It may be easy for a company to hire talented manpower for their company but many companies are facing problem in retaining them when the labor market is tight. This is particularly tough for the entry level positions. Money is the only constraint for employees to join, stay or to leave a firm. There may be many other reasons especially the organization culture like the way they treat an employee. Organizations need dedicated and efficient talented manpower to run their organization successfully and also to grow and gain good reputation in the market. And it is the responsibility of the organization to recognize the right talent and encourage them so that they may control the employee’s attrition.............

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What are different ways in attracting and retaining talented manpower?

FEED BACK

Getting or asking for a feedback is a best way to improve one’s own performance. Feedback has lot of advantages as it helps to resolve misunderstandings at work and also provides ways to enhance performance. Many of them, in their new job have to undertake new responsibilities. At this point of time, asking for a feedback makes you confident and efficient at work. Feedback makes you accomplish your task successfully, gives you job satisfaction and boosts your morale.
Therefore everyone has to adapt the quality of asking for a feedback and make it an ongoing process for career advancement. But the thing is whom should you ask for a feedback. Here are some suggestions......

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Feedback: Supporting agent to your career growth

Spark Of The Corporate

Lakshmi Narayana Mittal

Chairman and CEO,

Arcelor Mittal

Lakshmi Narayana Mittal, the most powerful industrialist in manufacturing steel, is chairman and CEO of ArcelorMittal (2006); which is world’s largest producer of steel. Mittal owns almost 44% stake in ArcelorMittal. He started working in steel plant of his father; in early seventies; right after his graduation. He put forth his efforts in the steel Industry for nearly 35years. This transformed him unbelievably from an inherited family owned steel business to the world’s number one steel maker of the world. Mittal has sky touching ambitions and had a high urge of developing international business. The saga of Mittal steel took a spurt after Mittal bought a run-down steel plant in Indonesia and turned it around and doubled the turnover; within a short span of time.Lakshmi Mittal parted with his family and inherited the international arm of the steel business in 1994, which is mainly vested in Indonesia, Trinidad and Tobago. In 1994 he found Mittal steel; by merging Ispat international with LNM holdings. Most of his success lied in acquiring state owned run-down steel plants in various countries at a cheaper price and turning them around. Mittal made a series of acquisitions in countries like Indonesia, Trinidad, Tobago, Kazakhstan, Romania, Ukraine, USA and the major merger deal with Arcelor an European steel making giant.  After the merger the Mittal steel is named as ArcelorMittal.

Today Arcelor Mittal group performs its operations around 14 countries, across 4 continents; with net worth of $31.1bn as of 2011. ArcelorMittal controls 10% of steel production in the world. Lakshmi Mittal played a key role in consolidation of global steel industry. He has also pioneered the development of integrated mini-mills and the use of “Directly reduced Iron” (DRI) as a scrap substitute for steelmaking. This was all possible by the world class business hang of Mittal, his adaptive and transformational leadership style, his seamless ability to tap business potential in different countries. Arcelor Mittal takes part very actively in community social responsibility program; in which it takes variant measures to produce “Safe Sustainable Steel”. Mittal not only stand in the list of top billionaires (ranking third) in the world, but he is also well known for his philanthropy. ArcelorMittal Foundation provides support to different community projects around the world, in the countries where ArcelorMittal oprates.Mittal a London based Indian originated international business tycoon made into the headlines world wide and he marked the pride of India. Career Outlook Lakshmi Mittal started his career in early seventies; working in his fathers steel business, right after his graduation. Soon he realized that the business opportunities are more lucrative overseas as compared to India. So, he moved to Indonesia in the year 1976 and bought a run down steel plant the “Ispat Indo” and successfully turned it around. Here began the history of a world class businessman. Mittal started buying loss-making state-owned steel mills and applied different strategies to turn them around. His major success knocked his door, when he turned around a highly run-down (losing nearly$1mn a day) government found steel plant in Trinidad and Tobago within short span of a year; where highly experienced consultants of USA and Germany failed. As he found the acquisitions more profitable, he started a series of acquisitions. In 1992 he bought a Mexican third largest producer of steel, Sicartsa for $220mn and later he acquired two more companies in Mexico. In 1994 he parted with his family business and all the international business came into control of Lakshmi Mittal; named as Ispat International. Due to collapse of Soviet Union in 1989, Mittal recognized new opportunities for his company, because heavily industrialized Eastern block has many highly potential steel mills. In 1995 he took over state-owned blast furnace steel plant in former Soviet Republic of Kazakhstan, and renamed it as Ispat Karmet. It was a highly risky proposition for Mittal, because “Temirtau” (Iron Mountain) works was close to the vast ore deposits required for steel making, but the plant had no heat or hot water and workers were not paid for over six months. Mittal spent $1bn to buy and renovate the plant and doubled the production from 120,000tons to 250,000tons within a year. Today it became major part of his business empire.Mittal managed to buy Romania’s state-owned steel company, Sidex. Overall Mittal managed to acquire 20 companies in former communist nations Kazakhstan, Romania and Ukraine. The same year, he entered into Europe by acquiring a steel plant in Hamburg, Germany. With this, the capacity of the group reached to 11.2 million tonnes. In 1997, Ispat International, the company that controlled the Group’s steel making operations in Mexico, Trinidad and Tobago, Canada and Germany went for listing in 1997 on the New York and Amsterdam stock exchanges. Mittal made into head lines of Britain in October 2004, when his company merged with the International Steel Group an Ohio based company, which holds five major steel mills of USA.With this business deal Mittal Steel became world’s biggest steel producer with a net worth of over $22 billion and made Mittal Britain’s wealthiest business Baron. In 2005 Mittal acquired a stake in China’s Hunan Valin Iron and Steel Group for $314mn, with 37% ownership. This was a risky proposition, because China is the world’s largest exporter and importer of steel and if the steel prices fell, there might have been heavy loss in investment. Another major milestone of Mittal Steel was takeover of European steel giant Arcelor of Luxembourg, the second largest steel company in the world. Mittal emerged victorious in acquiring Arcelor; after six months of negotiations and overcoming much opposition; after fighting a bitter battle. Arcelor’s executives have even referred Mittal Steel as a ‘company of Indians’ and the take over bid as ‘monkey money’. However, Arcelor’s shareholders, voted in favor of Mittal and his company on the basis of its profitable track records. Finally, Arcelor was acquired for 26 billion Euros ($33bn), becoming world’s largest steel entity of 100million tonne. The merged entity would be called Arcelor Mittal with the Mittal family owning 43.6 percent of the combined group. Today Mittal's industrial empire has steel making facilities in 14 countries and stretches from Indonesia to Poland, via Mexico, US, South Africa and Trinidad, North America, Africa, Asia and many European countries. This sort of career graph with huge variations show; Mittal’s intensive, aggressive and risk taking managerial style, which set him apart from the predecessor industrial big wigs of the west. Although steel manufacturing remains the group’s mainstream business, they have diversified into shipping and have ventured into coal, power and oil enterprises in Kazakhstan. More about Mittal Born: 15th June 1950 (age 61) Sadulpur, Rajasthan, India Occupation: Chairman and CEO of ArcelorMittal, Director of Goldman Sachs Owner of Karrick Limited, Co-owner of Queen’s Park Rangers F.C. Residence: London, England, UK. Country of citizenship: India Almamater:Bachelor degree St.Xavier’s college, Calcutta. Religion:Hinduism Ethnicity: Marwari Marital Status: Married Children: 2, a son and a daughter Lakshmi Niwas Mittal was born in Churu district of Rajasthan; on 15th June 1950; Sadulpur; a desert village of India. He belongs to Marwari Agarwal caste. His upbringing was very humble and he lived with his extended family of twenty people. He has two younger brothers Promod Mittal and Vinod Mittal.Lakshmi Mittal’s grand father worked for the Tarachand Ghanshyam Das firm, one of the leading Marwari industrial firms of pre-independence India. His family later moved to Calcutta, where his father became a partner of an upcoming steel company. Lakshmi Mittal graduated in Commerce, in the year 1969 from St. Xavier’s College, Kolkata Lakshmi Narayan Mittal is married to Usha Mittal, who is the daughter of a well-known moneylender in India. Later they had two children, a son named Aditya Mittal and daughter named Vanisha Mittal. Aditya is married to Megha, who is the owner of a fashion brand Escade. Vanisha Mittal is married to Amit Bhatia a businessman and a philanthropist. Lakshmi Mittal with his wife Usha Mittal Mittal keeps a disciplined daily schedule; yoga and swimming are part and parcel of his daily routine. His wife Usha runs the Indonesian business and his son Aditya and daughter Vanisha are members of the Board of Directors of Mittal Steel. Aditya Mittal handles the CFO and President position of ArcelorMittal. Lakshmi Mittal is well known for his extravagant lifestyle and he always fascinated British Press. Mittal’s family has also been in the news headlines for showering money on the wedding occasion of his son and daughter. His daughter Vanisha Mittal was wedded to Delhi-born investment banker Amit Bhatia, in 2004 June. This history creating wedding bonanza was heavily expensive as much as $55-million, with five days of events at some of France's most famous settings, including the 17th century Vaux le Vicomte chateau. For the wedding of his son Aditya in 1998, the Mittal family celebrated at Calcutta's Victoria Memorial, home to mementos of Britain's rule over India. Aditya Mittal and his wife Megha Vanisha Mittal and her spouse Amit Bhatia

Spark Of The Corporate

Dr.Anji Reddy is not just founder-Chairman of Dr. Reddy's Group of companies but a pioneer in pharmaceutical research in India. Dr. Reddy's is an integrated global pharma company. Its main objective is providing affordable and efficient medicines.

Early Days:

Dr. Reddy was born in 1940 in Tadepalli, Guntur, Andhra Pradesh. His father was a turmeric farmer who also made and administered herbal medicine free of charge. He did his B.Sc in Pharmaceuticals and Fine Chemicals from Bombay University. He completed his PhD in Chemical Engineering in 1969 from National Chemical Laboratory, Pune. He was employed with the PSU Indian Drugs and Pharmaceuticals Limited (IDPL) till 1975. At that time, IDPL was the only bulk drug manufacturer in India. All the other pharma companies used to import bulk drugs from Italy and manufacture the tablets at their sites. The Americans were averse to sharing technology. Though the Russians were willing, their technology was still crude. His stint at IDPL helped him refine his skills that later was utilized at his own plants. He left the job to start his own company Uniloids with partners. He was the founder-Managing Director of the company during 1976-1980. Giving up a government job was not easy and was not well-received by his family. He started another company Standard Organics Limited in 1980 and was Managing Director till 1984.

Birth of the Spark:

In 1984, Dr.Reddy set up Dr.Reddy Laboratories (DRL) with an initial capital of 25 lakhs. The idea could be traced to a visit to a Pfizer plant in 1965 while pursuing his PhD. It was here that the desire to build his own plant was sparked. According to him his inspiration is his father who used to treat locals with herbal medicines free of cost. He rues that he cannot afford free distribution of his drugs. But he always strives to develop affordable and efficient drugs through his unstinting research.

Dr. Reddy's – The Journey

Dr. Reddy's provides a diverse portfolio of products and services which include Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical Services (CPS), generics, biosimilars, differentiated formulations and News Chemical Entities (NCEs).It conducts its operations through its three wings -- Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products. The company has made Indian pharma industry self-reliant. It has been transformed from import-dependent to self-reliant manufacturers.

The first Active Pharmaceutical Ingredients (API) manufacturing facility was commissioned in June 1985 in Bollaram. In 1986, the company went public with listing on the Bombay Stock Exchange. DRL began its first commercial production of API in 1985. It produced Methyldopa, a hypertension drug which was not available in the Indian markets. Methyldopa was supplied to Merck, Sharp, Dhome (MSD), and was exported to West Germany, Yugoslavia, Bangladesh, Kenya and Canada. The formation of Stangen Pharmaceuticals signals the beginning of Formulation Operations in 1987. Cheminor Drugs obtained its first USFDA approval for Ibuprofen API in the same year and the company started exporting the drug to USA. Its subsidiary, Globe organics also started operations in that year. DRL obtained USFDA approval for Methyldopa. It acquired Benzex Laboratories, which started manufacturing active ingredients of Ampicillin and Cephalexin. In 1990, DRL exports Norfloxacin and Ciprofloxacin to Europe and Far East. It becomes the first Indian pharmaceutical company to do so. Diltiazem and Famotidine were introduced by Cheminor Drugs for the first time in Indian markets. In the same year, it commenced First formulation exports to Russia with a field force in Moscow. On 22nd April 1991, DRL's brand of Omeprazole, Omez, was launched. It was DRL's first 100-crore brand. It revolutionized the treatment of acid-peptic disorders. Today, Omez is the top brand of Omeprazole in 11 countries. On 28th December 1991, commercial production started at Pydibheemavaram API plant. In 1993, Dr. Reddy's Research Foundation (DRF) was established jointly by DRL and Cheminor Drugs. It was the first company to initialize drug discovery programs. The Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India has recognized DRF as a scientific and industrial research organization. In the same year, they launched an anti-emetic drug, Domperidone. The launch of Reddy - Cheminor SA at Paris gave a focused thrust on European markets. In 1996, a finished dosages facility was constructed at Bachupally, Hyderabad. This was to facilitate expansion of its generic business and entry into highly regulated US markets. A cargo aircraft of Uzbekistan Airways was chartered to airlift 18,000 kgs of life saving medicine worth US$ 1.25 million. This was a first for DRL. On March 1st 1997, DRL licenses its discovery DRF 2593 (Balaglitazone) to Novo Nordisk A/s of Denmark. It is one of the most potent glitazone. DRL is the first Indian pharma company to out-license an original molecule. In December 1997, the US Patents and Trademarks Office granted the first patent to DRF for the discovery of Troglitazone Polymorphs, a molecule with anti-diabetic properties. Dr. Reddy's files its ANDA with the United States Food and Drug Administration for Ranitidine. DRL expands its global outreach by starting Reddy Biomed Ltd in Moscow in March 1997; Joint venture in Brazil in September 1997 and Reddy Pharmed a joint venture in Tashkent In October 1997. In 1999, DRL acquired American Remedies Limited (ARL) which enhanced DRL's focus on improving efficacy of co-prescribed drugs. ARL's brands like Mucolite, Antoxid, BioE, Becozinc, GLA and Optisulin have become part of DRL's portfolio. On December 11, 2000, with the merger of Cheminor Drugs (CDL), DRL became the third largest pharma company in India. On April 11, 2001, DRL became the first Asia Pacific pharma company outside Japan to be listed on the New York Stock Exchange with the symbol "RDY". DRL kicks off by having its stock oversubscribed, and becoming the best performing IPO for the year. DRL launched Fluoxetine 40 mg capsules on August 3rd 2001. It became the first Indian pharma company to obtain 180-day exclusive marketing rights for a generic drug in the US market. In 2002, DRL acquired BMS Laboratories Limited and Meridian Healthcare (UK) Limited. These companies have fully-integrated manufacturing facilities for oral solids, liquids and packaging in London and Beverly. Dr. Reddy's new Technology Development Centre (TDC) became operational on 6th May 2002. In January 2003, DRL launched Ibuprofen in the US. It became the first generic product marketed under the "Dr. Reddy's" label in the US. It also facilitated the company to strengthen and sustain US generic business. On September 15th 2003, DRL released its "Corporate Safety, Health & Environment (SHE) Report for the year 2002 - 2003". It became the first Indian pharma company to release an SHE report. In 2005, DRL acquired Roche's API business at Cuernavaca, Mexico. The site has state-of-the-art manufacturing facilities and is approved by USFDA and other international regulatory agencies. DRL has added unique steroids manufacturing capabilities to its already existing APIs. DRL acquired Betapharm in 2006, the fourth largest generic pharma company in Germany. This is the largest acquisition at a value of € 480 million in cash. Dr. Reddy's ANDA gets USFDA final approval for Ondansetron Hydrochloride Tablets, 4 mg, 8mg, 16 mg and 24 mg. Dr.Reddy's revenues touched USD 1 billion mark in December 2006 making it the fastest Indian pharma to do so. On 27th April 2007, Dr. Reddy's launched Reditux™, their brand of rituximab. It is also the world's first monoclonal antibody (MAb) biosimilar used in the treatment of Non-Hodgkin's Lymphoma. Over a 100 leading oncologists from the country attended the launch. Dr.Reddy's revenues for the financial year 2006-07 were USD 1.5 billion. Dr. Reddy's and Rheoscience commence the Phase II clinical trials of Balaglitazone (DRF 2593). It is a new TZD for treatment of diabetes mellitus. This trial will investigate the safety and efficacy of the drug. Dr.Reddy's acquires a share of Dow Pharma Small Molecules business which is an associate of its UK sites in April 2008. The Cambridge site has chiral and biocatalysis technology facilities. The highly specialized knowledge of Chemocatalysis and Biocatalysis is proving valuable for innovator companies globally. Dr. Reddy's acquired BASF's Shreveport facility in Louisiana in 2008. It is a pharmaceutical contract manufacturing business that manufactures and packages prescriptions and OTC pharma products. This acquisition helped Dr. Reddy's to expand its activities to North America and also its ability to supply generic products to US government agencies. Dr. Reddy's announced its wholly-owned subsidiary, PromiusTM Pharma, LLC in Bridgewater, NJ on 22nd September 2008. The unit will focus on US branded dermatology market. A strategic alliance with GlaxoSmithKline plc (GSK) was announced in 2009. This was done to facilitate developing and marketing select products across emerging markets outside India. DRF, Hyderabad merged with Aurigene Dr. Reddy's wholly-owned drug discovery subsidiary in Bangalore. This resulted in a reorganization of drug discovery operation effective from 1st June 2009. The company will operate from two sites – Hyderabad and Bangalore.

Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products – Dr. Reddy’s offers a portfolio of products and services including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical Services (CPS), generics, biosimilars, differentiated formulations and News Chemical Entities (NCEs). Awards and Honours: Sir PC Ray Award – 1984 and 1992 FAPA-Ishidate Award for Pharmaceutical research, 1998 CHEMTECH CEW Award 2000 -- Dr. Anji Reddy -- Chemtech Foundation Healthcare and Life Sciences India 2001 Awards – Ernst & Young -- Entrepreneur of the Year – Dr. Anji Reddy India Business Leader Awards (IBLA) 2005 -- Indian Corporate Citizen of the Year -- CNBC Pharma Excellence Awards 2006-07 -- The Lifetime Achievement Award to Dr. K. Anji Reddy Dr. Anji Reddy conferred with Padma Bhushan by the Government of India Executive of the Year Award 2011-- Dr. Anji Reddy -- Bio Pharma Industry Asia Awards Genome Valley Excellence Award 2011 -- Dr. Anji Reddy for extraordinary and exemplary contributions to the Pharma Industry Pharma Bio World 2011-Lifetime Achievement Award 2011 ‘Executive of the Year’ award from Biopharma Singapore 2012 Lifetime Achievement in Health award in the Asian Voice Political & Public Life Awards for 2012 at London "ICMA Award for Export of Chemical Products", 1986, Committee of Indian Chemical Manufacturers Association FICCI Award (1996-1997) in recognition of DRF's initiative in Research in Science and Technology Best Employers in India 2002 Award -- Hewitt Associates & Business Today INDIASTAR Award for Packaging Excellence 2002 -- Indian Institute of Packaging ASIASTAR Award for Packaging Excellence 2002 -- Mintop Forte – Customer Convenience Pack Asian Packaging Federation WORLDSTAR Award for Packaging Excellence 2003 -- Omez capsules pack with Anti-Counterfeiting Features DH Avenue Awards for HR Excellence 2003 -- Organization with Innovative HR Practices -- Centre for Change Management Express Pharma Pulse Awards 2003 -- The Indian Express -- Best Bulk Drug Company; Excellence in Research Asia-Pacific HR Congress 2004 -- Organization with Innovative HR Practices Pharmabio Award 2004 -- Chemtech Foundation Best Management Award 2005 -- Labour Department, Govt. of Andhra Pradesh, India India's Best Managed Company 2004-05 -- Business Today FinanceAsia Achievement Awards 2006 -- Best India Deal - Acquisition of Betapharm for $570 million 4th Best Company to Work for in India -- Business Today, Mercer & TNS Pharma Excellence Awards 2005-06 -- The Indian Express – 3 categories: Leveraging Global Opportunity; Business Development Deal; Operational Excellence. NDTV Profit Business Leadership Awards 2007 Best Performing CFO in the Pharma Sector for 2007 -- CNBC-TV18's CFO Award --Saumen Chakroborty - CFO Amity Leadership Award 2008 -- Best Practices in HR in Pharmaceutical Sector Dun & Bradstreet American Express Corporate Awards 2007 Best Corporate Social Responsibility Initiative 2007 -- BSE & NASSCOM Foundation Pharma Excellence Awards 2006-07 -- The Indian Express – 3 categories: Sustained Growth; Corporate Social Responsibility; Shareholder Protection The Best Companies to Work for in India Survey, 2007 -- BT - Mercer - TNS Survey -- Rank 10 Best Employers in India 2007 Award -- Hewitt Associates & The Economic Times South Asian Federation of Accountants (SAFA) Award 2007 -- 2nd Best Annual Report in the South Asian Region Asia-Pacific HRM Congress 2007 -- Global HR Excellence Award for Innovative HR Practices; Recruitment and Staffing Best In Class (RASBIC) Award Employer Branding Awards 2007 -- Excellence in Human Resources Award - Talent Management Corporate Citizen of the Year 2007-08 -- The Economic Times Best Workplaces 2008 -- Biotech/ Pharma Industry Sector -- The Economic Times Americares Spirit of Humanity Awards -- Special Award for Haiti Earthquake Relief sponsored by AmeriCares India Foundation SAFA Best Presented Accounts Awards 2008 Global HR Excellence Awards 2008-09 -- Asia Pacific HR Congress Arcil - Global HR Excellence Awards 2009-10 -- Organization with Innovative HR Practices; Outstanding Contribution to Cause of Education Dr. M Venkateswarlu Memorial Award 2009 -- The Indian Foundation for Pharmaceutical Reference Standard Substances (IFPRESS) Golden Peacock Award 2009 NASSCOM CNBC IT User Award 2009 Corporate Social Responsibility Award -- CNBC - India Business Leader Awards (IBLA) 2009 American India Foundation (AIF) Annual Spring Award 2009 Best Workplace Biotech/ Pharma Industry -- The Economic Times & Great Places to Work Institute Institute of Chemical Technology (ICT) Platinum Award Corporate Collateral Awards -- Public Relations Council of India In-House Communications Excellence Awards -- Shailaja Nair Foundation NDTV Profit Business Leadership Awards 2010 5th RASBIC (Recruiting and Staffing Best in Class) Awards -- Best recruiting evaluation Technique; Best overall Recruiting and Staffing organization of the year Employer Branding Awards 2010 -- Best HR strategy in line with Business; Excellence in HR through Technology; Excellence in Human Resources Award - Talent Management ICAI Award (The Institute of Chartered Accountants of India) for excellence in financial reporting ICSI Award (The Institute of Company Secretaries of India) for Excellence in corporate governance Golden Peacock Award 2010 Scrip Award for Best Company in an Emerging Market 'Forbes 2010 Asia Fab 50 companies' list ICAI Gold Shield for Excellence in Financial Reporting in the Manufacturing sector (Sales more than 500 Crores) Thomson Reuters Innovation Award 2011 - India for PharmaCorporate Pharmexcil Award (Gold Prize) for Export Excellence for ‘Outstanding Export Performance for 2010-11’ in the ‘Large Scale Industry’ category NHRD Inspire award 2011 for Learning & Development Best CSR in the Pharmaceutical Sector, 2011 Best Employer in the Pharmaceutical industry 2011 -- Outlook Business in association with Aon Hewitt Survey Award for Learning & Talent Initiative Excellence Award for Talent Management The above list of awards speaks of the consistently outstanding performance of the company Philanthropy: Dr. Anji Reddy believes in giving back to society. He has given away the remuneration of Rs. 2 crore p.a. he received as salary from his company. Now that he has resigned himself from the company’s day-to-day activities, he spends part of his leisure time in philanthropy. He is totally involved in all the causes he espouses and supports. In 1996, he founded the Reddy Foundation which is involved in creating livelihoods through an initiative Livelihood Advancement Business School (LABS). The other goal is to provide quality education to all by setting up neighborhood schools in and around Hyderabad. A sign outside a bathroom in Tokyo that he read about 10 years back -- "This water is perfectly potable." – set him thinking. The irony hit him. The water in a hotel bathroom was potable while many people in India could not access potable even for just drinking. In 2005, he invested $ 1 million in WaterHealth International, a US-based company with patented technology in providing pathogen-free water. It was his dream to provide pure potable water to the poor in India. He is a strong believer in the power of technology and feels it is the true connector. In 1999, he started Naandi Foundation, a non-profit organization with several corporate heads as its members. The success of potable water programme in Andhra Pradesh encouraged them to expand it to other states. Along with Tata Projects, it includes treatment of flouride, arsenic, pesticides and chemicals. Besides handling issues of hunger, drinking water, education and livelihood, the foundation also provides mid-day meals to children in government schools. These schools in Andhra Pradesh Madhya Pradesh and Rajasthan are supplied meals from 14 centralised kitchens. A Comprehensive Healthcare Programme for school going children covers all diagnostic, medical and surgical costs at just 50 paise per day per child. The success of this programme in Andhra Pradesh is being replicated in Rajasthan. Dr. Reddy has started the Institute of Life Sciences (ILS) to promote the study of science in the country. His dream is to enable independent India to produce a Nobel laureate in one of the pure sciences. Chemists and biologists work together on the interface between chemistry and life sciences. The objective is to create unique intellectual property and commercialise it while collaborating between industry and other entities. A state-of-the-art neo-natal care hospital, Nice Hospital, is being built at a cost of Rs.15 crore. While the Reddy family is the main contributor, the Government of Andhra Pradesh and two other non-profit organizations are supporting this project. Dr. Reddy has pledged to contribute 10 crore p.a. for 10 years starting 2006 to L.V. Prasad Eye Institute. This is the only institute in India (and one of the few in the world) to have perfected the use of stem cells for corneal reconstruction to restore eyesight. In addition to the committed amount, Dr. Reddy is a regular contributor to the Institute’s various programmes and initiatives. As a token of respect and gratitude, the institute’s board decided to name its Hyderabad campus after him -- Kallam Anji Reddy Campus. Most of these philanthropic projects have been funded by Dr.Reddy’s family. They have sometimes been supplemented by contributions Dr.Reddy’s Group of companies and other companies, corporates and individuals. In order to make them sustainable, Dr. Reddy has plans to put up a corpus fund. He also plans to set up Kallam Anji Reddy Foundation (KAR Foundation), and transferring all or part of his 10 percent stake in Dr. Reddy’s, which is valued at 1,000 crore. This will bring his dream to fruition – of making key healthcare needs accessible to all. What is noticeable is that all of these ventures are not only successful but are being replicated in other states as well. His family has been involved in all his efforts. His daughter, G. Anuradha Prasad is the Managing Trustee of Dr Reddy’s Foundation. His son-in-law,G.V. Prasad, Vice Chairman & CEO of Dr Reddy’s and his son, Satish Reddy, MD & COO of Dr Reddy’s Laboratories are part of his philanthropic ventures. Quotes: "Philanthropy is not about giving away a cheque; for me, it involves taking up an issue and solving it single-handedly." "If your intent is very powerful, you will find ‘connectors’ who will facilitate matters and turn your intent into reality." Inspite of all the fame and wealth, Dr.Reddy remains a scientist at heart. After easing out from the bustle of the company’s activities, he is more than happy to spend his time in research and drug discovery. His company has also produced entrepreneurs, many of whome were former employees in his organizations. They have set up own units producing intermediaries required for bulk drug production. He is happy with the result as he gets regular supply of intermediaries which he does not have to monitor. For more other interesting sparks visit to our site: "http://sparks.wisdomjobs.com/"