Puneet Dalmia Spearheads Growth At Indian Cement Company [Forbes]
A.H. Belo Corp (AHC)
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Source: Forbes
Anu Raghunathan Contributor Opinions expressed by Forbes Contributors are their own. I write about Indian entrepreneurs. This story appears in the December 2018 issue of Forbes Asia. Subscribe to Forbes Asia Managing director Puneet Dalmia: “We were not even relevant in our businesses.” In 1999 - two years after joining his family cement business in Delhi, Puneet Dalmia proposed a $140 million expansion plan – with all the gusto of a management grad with a gold medal from the premier Indian Institute of Management in Bangalore. His father Yadu Hari Dalmia, who was running the cement outfit, didn’t mince words. “He told me – “you have no credibility. I cannot put so much money behind you,” recalls Puneet, who also has an engineering degree from the Indian Institute of Technology in Delhi. Instead, Papa Dalmia gave his son $500,000 of his own money and asked him to prove his mettl
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