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Today's Thought- The Sobha Story |
Wednesday, December 31, 2008 |
P N C Menon, chairman of the Rs 1,500-crore Sobha Developers Ltd, is one of the few dollar-billionaires in India. For the last two years, he has been listed in the Forbes list of billionaires (he is listed at number 754 in the last Forbes list of world’s billionaires).
Menon set up his empire in the Sultanate of Oman with just Rs 50 in hand. Through sheer hard work and some wise decisions, he has become one of the most successful businessmen from India. Today, his company has a presence in India, Dubai, and Oman.
Sobha Developers went public in November 2006. Today, more than 4,000 people are directly employed by Menon, in addition to the thousands more involved in the construction of his buildings.
As he diversifies his activities as a businessman, he is also in the process of developing the village he belongs to by adopting the 3,000-odd families which are below the poverty line.
At Vadakkancherry in Kerala, he has built a hermitage for old people and young widows, a school for children, and also a hospital for the villagers. He also runs the Sobha Tradesman Academy in Bangalore that trains people from economically backward villages in trades related to the construction industry.
In this interview taken at the Sobha Hermitage at Vadakkancherry, Menon speaks of how important it is for him to take care of his fellow beings.
Childhood in Kerala
I am from an agricultural family in Palghat in Kerala. As my father was into small business in Thrissur, I grew up there. I lost my father when I was 10 years old, and my grandparents were not educated enough to take care of his business. My mother also was ill. So, everything disappeared in a short period of time.
You can say I became an adult at the age of 10 or 12, and started taking decisions on my own from that age. It was a very unfortunate childhood; not a happy one at all.
I did not complete my graduation; I dropped out. If you ask me why, I don’t know. Probably I was in a hurry to be on my own. Like many children who come from a business background, working for somebody else was not there in my mind.
I started my own interior decoration business; small scale contract work of the interiors of houses and offices. It was nothing to write home about.
Chance meeting with an Arab
In 1976, I met this gentleman — Brig Gen Suleiman Al Adawy — in a hotel lobby in Kochi, quite accidentally. He had come to Kochi to buy a fishing boat. I had gone to the hotel for some other work. We happened to talk to each other, and after that, he said, Ours is a new country. There are a lot of opportunities. Why don’t you come over to my place? We will do something together? Till then, I had not even heard of a place called Sultanate of Oman. (I went back home, took an atlas and located the place!)
In Oman, with Rs 50 in hand
I decided to accept his invitation. I took my passport and within two months, I was ready to fly to the Sultanate of Oman. I had only Rs 50 in my hand as, at that time, you were permitted to take only that much money with you.
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WYD Team |
posted by Win Your Dreams @ 7:53 AM |
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