Quotes

Many people say that in a liberalised world there is little for the government to do, but the fact is that there is much for the government to do in fewer areas. One such area is to provide infrastructure.

It is very clear for us; we will do whatever is in the best interest of Shriram shareholders.

Within the renewables space, we are focused on solar and wind energy.

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.

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.

Disabilities and misfortune can make you stronger.

Our risk systems and processes - we keep investing and improving them.

You cannot have the financial system crippled because of lack of decision making and lack of quality people.

Governance is very important in NBFCs.

Horses and dogs were part of my growing up years.

There are very few who have the privileges I have, and, therefore, it is essential that we give back to society.

I have always said that you have to fail. If you do not fail, it means you have never taken enough risks.

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.

We have been successful in buying and selling companies because we have a reputation of fulfilling deal terms in letter and spirit.

When we exited the textiles business, we paid our bankers and labourers. We must have been the only company to do that.

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.

There will be good times, and there will be bad, but one has to, to the extent possible, take things in one's stride.

Spirituality permeates all aspects of your life and business is just one part of your life.

Governments cannot do innovation. There are too many audits, and no one stays in a role for long enough.

Our organisation and culture is based on professionalism and values. I think my children reflect both.

The role of a trustee is to ensure beneficiaries get the best returns, without the trustee benefitting.

We will follow in letter and spirit whatever the RBI rules and guidelines are - whether at the holding company level or individual company level.

In any merger, when you have large organisations coming together, there will be challenges in terms of culture.

It was always the intention that Shriram would have started a bank at some point.

In a crisis, you separate the men from the boys.