Business

V. Krishnamurthy, SAIL, BHEL, Maruti

바카라œHe was the high priest of public sector management. He바카라™d turn companies around,바카라 says biz historian Raman Mahadevan.

V. Krishnamurthy, SAIL, BHEL, Maruti
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  • During his five year tenure as BHEL chairman, profits rose from Rs 17 crore to Rs 57 crore

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Venkataraman Krishnamurthy is not a name that will roll off MBA tongues used to catechisms revolving around India바카라™s private sector pantheon. His triumphs come from a different planet almost, an environment that ran on another operating system altogether, when the 바카라œIndia story바카라 was not there to give a default edge to every startup and upstart. But the ground rules of business success are universal. And the 92-year-old technocrat바카라”in whose autobiography At the Helm we can see a boy from the temple town of Karuveli, Tamil Nadu, graduate to being an airfield technician during the Second World War바카라”has scripted some of the biggest jubilee hits of young India바카라™s fledgling public sector.

Make in India came at a secondary stage of evolution. Those days, India itself had to be made, infrastructure upwards. And Krishnamurthy바카라™s imprint was there behind the robust health of two public sector behemoths바카라”steel-maker SAIL and power plant equipment manufacturer BHEL. He was also the founder-chairman of Maruti Udyog LimiĀ­ted, in which role he took up the challenge of manufacturing an Indian car, modernising the automobile sector in the process.

A chartered engineer (AIE), who got a Doctorate in Economics from the Soviet Academy of Sciences, Krishnamurthy moved on to very high positions in government, including as secretary, department of heavy industries, and Planning Commission member. Before all that, there was the grind. In BHEL, he rose up the ranks and was eventually chosen to head the integrated company after the merger of various heavy engineering units. Later, under his care, SAIL came out of the ICU and resumed a normal life. All through, his hand helped dispel the perception that Indian managers don바카라™t have the skills to steer large organisations, let alone public sector entities, hobbled as they are by political interference and what바카라™s derided as a laidback work culture. His proximity to people in power, including the Gandhi family, was not without its share of shadows. But his vision of boosting the share of manufacturing in GDP (reflected in a 2006 Planning Commission document) finds an echo in Make in India바카라”a thread linking past and future.

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