Shipping tycoon

Updated: Jan 1 2006, 07:42am hrs
A couple of years ago, Karan Paul, chairman of the Rs 1250-crore Apeejay Surrendra Group, resolved to invest Rs 1,000 crore to boost all his businesses shipping, tea, hotels, real-estate and financial services. He has more than kept his word. He invested Rs 1,150 crore on acquisition of ships, adding to the tea business and setting up new hotels and a shopping mall. His groups financial services and retail businesses recorded significant growth during the period.

Paul, the son of late Surrendra Paul, was inducted in the business in 1992. Today Paul oversees the financial planning and strategy for the entire group. An alumnus of Brown University, US, Pauls vision is to make the Apeejay Surrendra Group. Indias largest and the most profitable privately owned family business. I want us to be industry leaders in whatever we do.

And he also shares great rapport with his siblings. All three of us wanted to be together in business and family matters. We came up with a trust structure and shared ownership. We have wills and have planned for our kids.

Paul believes that the group can deliver products and services of the highest standards built by the best processes and managed by the ablest people.