Cementing ties with the world

Updated: Jan 1 2006, 07:58am hrs
He wears several hats, that of a sports enthusiast, an avid traveller, and a party lover. However above all this, Puneet Dalmiya is the new generation entrepreneur, who aims to imbibe the best global practices in business, at the same time, retaining the Indian value system. Dalmiya, one of the youngest members of the Dalmiya family, is using his energy to scale up the cement and sugar businesses to global heights.

All of 32, Dalmiya is currently vice-president of Dalmiya Cement Bharat Ltd., the Rs 750 crore diversified firm involved in making and selling cement and sugar.

Dalmiya wants to build a company having American competitiveness but an Indian soul. He has started using the management skills learnt during his stint at IIM Bangalore to good effect at the company. Dalmiya has brought back focus of the family business on sugar and cement. He is also focussing on the organisational structure of the company.

I am trying a three-pronged strategy to build the business. The production of cement is being increased at fast pace to meet the growing demand. I have brought focus on organisational structure, he says.

He took over the management of the company in 1997. He has been with the cement and sugar businesses since August 2004.

Between 1999 and August 2004, I started JobsAhead.com that became a market leader with 55% share. The portal was sold to monster.com for Rs 40 crore, he adds.

Dalmiya wants to take the company growth to 25-30% annually. By January, the cement production capacity would be 6 mt and in the next few years, efforts would be made to increase it to over 10 mt, to make the company attain global scale.