Everyone has heard of how Narayanmurthy started Infosys
with just 250 $, & how Dhirubhai Ambani created
the biggest corporate history in India. These people
stayed in the biggest metropolis, pooled the best brains
in the field & did the magic.
But
Pai’s of Manipal did a bigger magic with the barest
of resources, in a barren, dry & hilly terrain called
Manipal. (Literally means Mannu palla (Soil pond). The
magic is how Pai’s have transformed Mannu palla
to Money PAL (Friend of Money)
The success story of Manipal group is equally fascinating.
The respected Mr. Ramesh Pai (Mr. Sudhakar Pai’s
father) was a genius. He financed Reliance group when
they were just beginning & was the real hero behind
the phenomenal growth of Reliance. He was honored with
the directorship of Reliance which post he held till
his sad demise recently.
He
was the strategist to build world class educational
institutes in Medical, Engineering, Law, Business administration
etc. Today Manipal group has medical colleges in Malaysia,
Sikkim, Nepal, Dubai, Bahrain etc.
The
success story of Pigmy deposit started by Syndicate
bank is a unique banking experience for the smallest
of the small. When Indira Gandhi nationalized the 14
most successful banks, Syndicate bank was in the forefront.
Health
care was pioneered by Pai’s of Manipal. They built
world class hospitals in many places.
The
own your own college was their biggest success in imparting
education to the rural poor. If any village comes out
with 50 % of the cost of building a college, Manipal
group contributed the rest & immediately built the
college in the smallest of the small village. This helped
lakhs of rural poor to realize their dream of completing
the graduation.
Mr.
Ramesh Pai’s son Mr. Sudhakar pai is now the most
successful business tycoon of the south. He has nearly
25 business units under his dynamic leadership. The
total turnover of this division is Rs. 1600 crores.
Mr. Sudhakar Pai was also the prestigious
chairman of the south India chamber of commerce.