r e s s R e l e a s e
Release of Rendezvous with Mr. S T Shah
Mr. S. T.
Shah is the founder of S. T. Shah Management Consultants, one
of the leading consultants in India. The company has performed
consistently since 1979. Started as financial consultancy services,
the organization is now into HR Consultancy, General Insurance
and Advisory, Turnaround Management and Growth Management. The
Chairman speaks to the Marketing Club @ NRIBM.
a professional CA, did you start management consultancy?
As a professional
CA I have always been comfortable with financial matters. I passed
my CA in 1962 and was in service for 18 years. Throughout these
years I was able to search people for my company. What I felt
during these years was that there are may CAs to advice on audit
and tax problems, but few to guide and advise the clients with
financial problems, which trouble their business venture from
time to time. Also I feel personally that there are not many business
problems as there are people problems. So I started S T Shah &
Co way back in 1979 with a capital of Rs. 1,50,000 in khanpur.
the difference between Gujarati businessmen and those of other
In any other
state, you have to teach business to people. Gujaratis have inherited
business. People in other states know the business fundamentals
but Gujaratis understand business fundamentals. Gujarat has as
such a great business acumen and if utilized properly Gujarat
can perform far better than any other state of India. Moreover
Maharashtra has got only Mumbai, Karnataka has got only Banglore
but we have got Ahmedabad, Surat, Baroda, Rajkot and many more.
we attract investment in Gujarat, especially FDI?
need to attract businessman to do the business. He himself will
come to your state if he finds the right environment and possibilities
to earn profit. No body will come to your state if you don't provide
Law and Order situation Security is the most important thing and
unfortunately I feel that we can't give that assurance now to
any outsider businessman.
to you how has our life changed after liberalization?
We as a customer
are benefited a lot after liberalization. Now it's customer who
will decide fate of any business. I remember I had to wait 18
years for a Bajaj scooter. Now you know what's the situation.
Though the competition is intense, the businessman will also be
benefited if he provides right product with right price.
system is better: Indian or Chinese?
At the first
sight communist system looks better. China is a good example of
that. Economic indicators of China, lures us towards the communist
system. But the other side of the face is very ugly. While democracy
is a slow process because it has got it's own balancing system.
Though there are people who are misusing out democracy, I am sure
we will progress ahead of China.
the factor that differentiates S. T. Shah & Co from others?
When I was
thinking to start my own business, I once met one Jain Dharma
Guru who taught me these principles. Run your business strongly
on ethics. Never lie in your life and put your clients ahead of
you. From that day I have followed his principles strongly. What
is the secret of any business? Is it strategies, vision for long
run? No, It's ethics. My client will come to me again and again
if he understands my honest towards him, towards my business.
I have put client ahead of me. People prefer S. T. Shah & Co not
by clientele, by a big office, but by honest business practice.
would you like to give to students?
Hardwork and only Hardwork. By and large living standards in Gujarat
is high compared to other states. So here students get all the
comforts of life and unfortunately all don't understand it's value.
So they don't put up their best efforts in studies. Even parents
support this. So I like to say don't ignore studies.