The License Raj in India was a time when, to set up an industry, you needed a license. Which made the government an omnipresent and sort of all-pervasive authority.

In 1991, the government unleashed the power of India and created a partnership between itself and industry. As a result, India has emerged as an economic success story, and that is a matter of pride for all of us.

One feels very blessed to be born into a family like the Birla family, which is a household name in India, which stands for tradition, is yet contemporary, stands for trust.

Jack Welch is someone who I have always admired. In India, Narayana Murthy is someone who I have great respect for.

I was very fortunate, because I don't think many people get to spend time with their great-grandfathers. So, he passed away when I was 15, so I spent a lot of time with him. We lived together. He traveled a lot, but when he was here, we lived together.

It's not a good idea to always look for new frontiers, especially when you have opportunities in your existing businesses, in your own backyard.