there is so much of knowledge available today on instantly bold dishes are not
today on instantly bold dishes are not
today on instantly bold dishes are not free of risk so they should analyze the
free of risk so they should analyze the
free of risk so they should analyze the risk very carefully being responsible is
risk very carefully being responsible is
risk very carefully being responsible is vital to a company’s long-term success
vital to a company’s long-term success
vital to a company’s long-term success my goal post keeps on changing as we
my goal post keeps on changing as we
my goal post keeps on changing as we move forward in the life during the
move forward in the life during the
move forward in the life during the crisis and post crisis always there has
crisis and post crisis always there has
crisis and post crisis always there has been and there will be exciting pursuits
been and there will be exciting pursuits
been and there will be exciting pursuits first of all you have to have a
first of all you have to have a
first of all you have to have a commitment and dedication and passion
commitment and dedication and passion
commitment and dedication and passion for what you are doing
for what you are doing
for what you are doing one day I realize that I am getting
one day I realize that I am getting
one day I realize that I am getting addicted to God we could be born with
addicted to God we could be born with
addicted to God we could be born with the baldness not with the poorness and
the baldness not with the poorness and
the baldness not with the poorness and this is not only tragic but not
this is not only tragic but not
this is not only tragic but not acceptable if you have to grow we have
acceptable if you have to grow we have
acceptable if you have to grow we have to do something differently than what
to do something differently than what
to do something differently than what everyone else has been doing he’s an
everyone else has been doing he’s an
everyone else has been doing he’s an Indian steel magnate based in the United
Indian steel magnate based in the United
Indian steel magnate based in the United Kingdom he’s the chairman and CEO of the
Kingdom he’s the chairman and CEO of the
Kingdom he’s the chairman and CEO of the world’s largest steelmaking company as
world’s largest steelmaking company as
world’s largest steelmaking company as of December 2015 he was listed by Forbes
of December 2015 he was listed by Forbes
of December 2015 he was listed by Forbes to have a net worth of 9.5 billion
to have a net worth of 9.5 billion
to have a net worth of 9.5 billion dollars he’s Laxmi natal and here is top
dollars he’s Laxmi natal and here is top
dollars he’s Laxmi natal and here is top 10 rules for success there is so much of
10 rules for success there is so much of
10 rules for success there is so much of knowledge available today one instantly
knowledge available today one instantly
knowledge available today one instantly and knowledge is the key if you have the
and knowledge is the key if you have the
and knowledge is the key if you have the knowledge if you have ambition if you
knowledge if you have ambition if you
knowledge if you have ambition if you are determined if you are focused if you
are determined if you are focused if you
are determined if you are focused if you are committed use this knowledge to grow
are committed use this knowledge to grow
are committed use this knowledge to grow everyone can do it and this is what I
everyone can do it and this is what I
everyone can do it and this is what I would like to say to all young men in
would like to say to all young men in
would like to say to all young men in India
India
India I see bold decisions have to be very
I see bold decisions have to be very
I see bold decisions have to be very transformative and it has to succeed and
transformative and it has to succeed and
transformative and it has to succeed and bold decisions are not easy to take so
bold decisions are not easy to take so
bold decisions are not easy to take so this young people have to have a lot of
this young people have to have a lot of
this young people have to have a lot of experience they have to have
experience they have to have
experience they have to have determination they have to have a
determination they have to have a
determination they have to have a commitment and they have to think
commitment and they have to think
commitment and they have to think through those issues very carefully bold
through those issues very carefully bold
through those issues very carefully bold decisions are not free of risk so they
decisions are not free of risk so they
decisions are not free of risk so they should analyze the risk very carefully
should analyze the risk very carefully
should analyze the risk very carefully but definitely bold decisions could be a
but definitely bold decisions could be a
but definitely bold decisions could be a very transformative decision
very transformative decision
very transformative decision in the business what they are I would
in the business what they are I would
in the business what they are I would increase young people to continue to
increase young people to continue to
increase young people to continue to analyze their situation and take bold
analyze their situation and take bold
analyze their situation and take bold diseases because otherwise you cannot
diseases because otherwise you cannot
diseases because otherwise you cannot make a step change in your career being
make a step change in your career being
make a step change in your career being responsible is vital to a company’s
responsible is vital to a company’s
responsible is vital to a company’s long-term success I have always believed
long-term success I have always believed
long-term success I have always believed this because being responsible not only
this because being responsible not only
this because being responsible not only has benefits for society it has clear
has benefits for society it has clear
has benefits for society it has clear benefits for the business let me give
benefits for the business let me give
benefits for the business let me give two examples first our success in
two examples first our success in
two examples first our success in reducing our own co2 emissions has cost
reducing our own co2 emissions has cost
reducing our own co2 emissions has cost benefits secondly in developing new and
benefits secondly in developing new and
benefits secondly in developing new and innovative products to help our
innovative products to help our
innovative products to help our customers improve their environmental
customers improve their environmental
customers improve their environmental performance and we maintain our market
performance and we maintain our market
performance and we maintain our market leading position did you ever foresee
leading position did you ever foresee
leading position did you ever foresee the kind of success you’ve had when
the kind of success you’ve had when
the kind of success you’ve had when you’re in Indonesia and things where
you’re in Indonesia and things where
you’re in Indonesia and things where that’s did you ever foresee it I never
that’s did you ever foresee it I never
that’s did you ever foresee it I never expected that we would reach here and
expected that we would reach here and
expected that we would reach here and I’m not a person who sets very high goal
I’m not a person who sets very high goal
I’m not a person who sets very high goal you don’t set high goals my goalpost
you don’t set high goals my goalpost
you don’t set high goals my goalpost keeps on changing as we move forward in
keeps on changing as we move forward in
keeps on changing as we move forward in the life then you’re not very
the life then you’re not very
the life then you’re not very disappointed if you don’t succeed it’s
disappointed if you don’t succeed it’s
disappointed if you don’t succeed it’s always been one step forward always make
always been one step forward always make
always been one step forward always make a small step forward and you become
a small step forward and you become
a small step forward and you become stronger and to gain confidence then you
stronger and to gain confidence then you
stronger and to gain confidence then you change your goal posts so it gives you
change your goal posts so it gives you
change your goal posts so it gives you more pleasure than setting up a very
more pleasure than setting up a very
more pleasure than setting up a very high goal and you don’t reach them I
high goal and you don’t reach them I
high goal and you don’t reach them I don’t think we ever talked I have over
don’t think we ever talked I have over
don’t think we ever talked I have over dad more than a year ahead is that right
dad more than a year ahead is that right
dad more than a year ahead is that right last couple of years we have been
last couple of years we have been
last couple of years we have been thinking more five year strategy oh yeah
thinking more five year strategy oh yeah
thinking more five year strategy oh yeah I’m talking of those days yeah in the
I’m talking of those days yeah in the
I’m talking of those days yeah in the beginning we were looking very
beginning we were looking very
beginning we were looking very short-term you this challenging time
short-term you this challenging time
short-term you this challenging time gives us a lot of experience there too
gives us a lot of experience there too
gives us a lot of experience there too kind of situation one what are the bold
kind of situation one what are the bold
kind of situation one what are the bold decisions we could have taken during the
decisions we could have taken during the
decisions we could have taken during the crisis a lot of companies took the
crisis a lot of companies took the
crisis a lot of companies took the opportunity of taking bold decisions
opportunity of taking bold decisions
opportunity of taking bold decisions during the crisis and reshape their
during the crisis and reshape their
during the crisis and reshape their business model for the
business model for the
business model for the future they have stripped of some of the
future they have stripped of some of the
future they have stripped of some of the sets they have reduced their cost they
sets they have reduced their cost they
sets they have reduced their cost they have flexible eyes their fixed cost and
have flexible eyes their fixed cost and
have flexible eyes their fixed cost and expenses they they have they’ve started
expenses they they have they’ve started
expenses they they have they’ve started spending a lot of money on innovation
spending a lot of money on innovation
spending a lot of money on innovation and for the future
and for the future
and for the future they’ve started diversifying to emerging
they’ve started diversifying to emerging
they’ve started diversifying to emerging markets so there has been lot of bold
markets so there has been lot of bold
markets so there has been lot of bold distance taken during the crisis and
distance taken during the crisis and
distance taken during the crisis and post crisis I see that companies need to
post crisis I see that companies need to
post crisis I see that companies need to take bold decisions to design their
take bold decisions to design their
take bold decisions to design their business model for next 20 years looking
business model for next 20 years looking
business model for next 20 years looking at the growth areas looking at their
at the growth areas looking at their
at the growth areas looking at their port cities so I believe that during the
port cities so I believe that during the
port cities so I believe that during the crisis and post crisis always there has
crisis and post crisis always there has
crisis and post crisis always there has been and there will be exciting purchase
been and there will be exciting purchase
been and there will be exciting purchase story goes back to when I was 16 years
story goes back to when I was 16 years
story goes back to when I was 16 years old like past my Hindi medium school in
old like past my Hindi medium school in
old like past my Hindi medium school in Kolkata and then applied for admission
Kolkata and then applied for admission
Kolkata and then applied for admission in Sanjiv years since I came from Hindi
in Sanjiv years since I came from Hindi
in Sanjiv years since I came from Hindi middle school father juris at the time
middle school father juris at the time
middle school father juris at the time was a principal felt that I would not be
was a principal felt that I would not be
was a principal felt that I would not be able to fit in in an english-medium
able to fit in in an english-medium
able to fit in in an english-medium college though I was top in my class in
college though I was top in my class in
college though I was top in my class in school I got admission in other other
school I got admission in other other
school I got admission in other other colleges but I really wanted to study in
colleges but I really wanted to study in
colleges but I really wanted to study in Sanjay views so I kept on knocking his
Sanjay views so I kept on knocking his
Sanjay views so I kept on knocking his door every day and to finally give it up
door every day and to finally give it up
door every day and to finally give it up and I promised him that I’ll be a good
and I promised him that I’ll be a good
and I promised him that I’ll be a good student which I did and and how did this
student which I did and and how did this
student which I did and and how did this experience sort of shape shape you as a
experience sort of shape shape you as a
experience sort of shape shape you as a business person I mean you’re breaking
business person I mean you’re breaking
business person I mean you’re breaking down doors breaking ceilings is that
down doors breaking ceilings is that
down doors breaking ceilings is that something that you learned at sensei
something that you learned at sensei
something that you learned at sensei vias it was a challenge for me to prove
vias it was a challenge for me to prove
vias it was a challenge for me to prove other juries wrong that coming from
other juries wrong that coming from
other juries wrong that coming from individual school cannot do well in an
individual school cannot do well in an
individual school cannot do well in an english-medium College and that
english-medium College and that
english-medium College and that challenge really gave me a lot of
challenge really gave me a lot of
challenge really gave me a lot of learnings I determined myself that I
learnings I determined myself that I
learnings I determined myself that I would prove him wrong and I really
would prove him wrong and I really
would prove him wrong and I really dedicated myself committed to myself
dedicated myself committed to myself
dedicated myself committed to myself that I have to accept this challenge and
that I have to accept this challenge and
that I have to accept this challenge and continue to work hard
continue to work hard
continue to work hard focus on the studies and this is a great
focus on the studies and this is a great
focus on the studies and this is a great learning in the business life that first
learning in the business life that first
learning in the business life that first of all you have to have a commitment
of all you have to have a commitment
of all you have to have a commitment dedication and passion for what you are
dedication and passion for what you are
dedication and passion for what you are doing as I said everyone works hard but
doing as I said everyone works hard but
doing as I said everyone works hard but something needs to differentiate
something needs to differentiate
something needs to differentiate yourself with some others is
yourself with some others is
yourself with some others is focus dedicate commit and continue a
focus dedicate commit and continue a
focus dedicate commit and continue a card I don’t like to get addicted to
card I don’t like to get addicted to
card I don’t like to get addicted to anyone hobby
anyone hobby
anyone hobby okay for example I started playing golf
okay for example I started playing golf
okay for example I started playing golf I liked it I liked it a lot every day in
I liked it I liked it a lot every day in
I liked it I liked it a lot every day in the morning I would go and practice one
the morning I would go and practice one
the morning I would go and practice one day I realize that I am getting addicted
day I realize that I am getting addicted
day I realize that I am getting addicted to God so one day in the morning I was
to God so one day in the morning I was
to God so one day in the morning I was driving to golf course and suddenly I
driving to golf course and suddenly I
driving to golf course and suddenly I realized that this is not right turn
realized that this is not right turn
realized that this is not right turn around so I turned back the car and so
around so I turned back the car and so
around so I turned back the car and so then I never played again so you don’t
then I never played again so you don’t
then I never played again so you don’t have any addictions
have any addictions
have any addictions I don’t like addiction I think it could
I don’t like addiction I think it could
I don’t like addiction I think it could distract me from my focus they are not
distract me from my focus they are not
distract me from my focus they are not born with the boldness
born with the boldness
born with the boldness we could be born with the baldness not
we could be born with the baldness not
we could be born with the baldness not with the poorness it is not that
with the poorness it is not that
with the poorness it is not that something you learn only from education
something you learn only from education
something you learn only from education education is only one enabler but you
education is only one enabler but you
education is only one enabler but you have to have experience you have to have
have to have experience you have to have
have to have experience you have to have experience of success which means you
experience of success which means you
experience of success which means you gain some confidence and then you have
gain some confidence and then you have
gain some confidence and then you have to have your small goals small goals set
to have your small goals small goals set
to have your small goals small goals set up in your life and if you succeed and
up in your life and if you succeed and
up in your life and if you succeed and if you think that you are more confident
if you think that you are more confident
if you think that you are more confident than before you want to take bold
than before you want to take bold
than before you want to take bold decisions in the future but I will
decisions in the future but I will
decisions in the future but I will always be concerned about health and
always be concerned about health and
always be concerned about health and safety until we reached a place of zero
safety until we reached a place of zero
safety until we reached a place of zero accidents and zero fatalities there were
accidents and zero fatalities there were
accidents and zero fatalities there were a number of fatalities again in 2012 and
a number of fatalities again in 2012 and
a number of fatalities again in 2012 and this is not only tragic but not
this is not only tragic but not
this is not only tragic but not acceptable we have to remain dedicated
acceptable we have to remain dedicated
acceptable we have to remain dedicated to addressing this problem
to addressing this problem
to addressing this problem I want our senior leaders to lead by
I want our senior leaders to lead by
I want our senior leaders to lead by example that’s why I have asked my
example that’s why I have asked my
example that’s why I have asked my colleagues on GMB and MMC to spend more
colleagues on GMB and MMC to spend more
colleagues on GMB and MMC to spend more time on the shop floor and promote
time on the shop floor and promote
time on the shop floor and promote increased training and awareness for
increased training and awareness for
increased training and awareness for both our employees and our contractors
both our employees and our contractors
both our employees and our contractors this is how we will drive further
this is how we will drive further
this is how we will drive further improvement I was in Tokyo with one of
improvement I was in Tokyo with one of
improvement I was in Tokyo with one of the businessmen from
the businessmen from
the businessmen from and when I was talking to him I realized
and when I was talking to him I realized
and when I was talking to him I realized that acquisition is a way to grow I
that acquisition is a way to grow I
that acquisition is a way to grow I realize that life is very short and if
realize that life is very short and if
realize that life is very short and if you have to really do something you have
you have to really do something you have
you have to really do something you have to do very quickly if you have to grow
to do very quickly if you have to grow
to do very quickly if you have to grow we have to do something differently than
we have to do something differently than
we have to do something differently than what everyone else has been doing so I
what everyone else has been doing so I
what everyone else has been doing so I started thinking that if I start
started thinking that if I start
started thinking that if I start building a steel plant it would take
building a steel plant it would take
building a steel plant it would take years and how many steel plants how many
years and how many steel plants how many
years and how many steel plants how many companies you can build and if I have to
companies you can build and if I have to
companies you can build and if I have to succeed in my life I have to find a
succeed in my life I have to find a
succeed in my life I have to find a formula which is different and which
formula which is different and which
formula which is different and which keeps me ahead of my competition and my
keeps me ahead of my competition and my
keeps me ahead of my competition and my clicks that’s how I thought that we
clicks that’s how I thought that we
clicks that’s how I thought that we should acquire companies merge
should acquire companies merge
should acquire companies merge consolidate them reduce their cost make
consolidate them reduce their cost make
consolidate them reduce their cost make them very efficient and it became like a
them very efficient and it became like a
them very efficient and it became like a turn around became a science I would say
turn around became a science I would say
turn around became a science I would say that yeah it sort of there’s science or
that yeah it sort of there’s science or
that yeah it sort of there’s science or art it is a mix of science and art
art it is a mix of science and art
art it is a mix of science and art because every company has a different
because every company has a different
because every company has a different issue it’s not that there is a formula
issue it’s not that there is a formula
issue it’s not that there is a formula which you apply eye on everyone yeah it
which you apply eye on everyone yeah it
which you apply eye on everyone yeah it is not as to all its quick water here
is not as to all its quick water here
is not as to all its quick water here but the pattern you establish this
but the pattern you establish this
but the pattern you establish this pattern and applied it in different
pattern and applied it in different
pattern and applied it in different countries different markets yes and that
countries different markets yes and that
countries different markets yes and that was the genesis of your empire yes thank
was the genesis of your empire yes thank
was the genesis of your empire yes thank you so much for watching we made this
you so much for watching we made this
you so much for watching we made this video because John Simon asked us to now
video because John Simon asked us to now
video because John Simon asked us to now if you have a famous entrepreneur you’d
if you have a famous entrepreneur you’d
if you have a famous entrepreneur you’d like a video made of leave a comment
like a video made of leave a comment
like a video made of leave a comment below I’d also love to know which of the
below I’d also love to know which of the
below I’d also love to know which of the top 10 rules meant the most to you will
top 10 rules meant the most to you will
top 10 rules meant the most to you will have the biggest impact on you today
have the biggest impact on you today
have the biggest impact on you today leaving the comments will join the
leaving the comments will join the
leaving the comments will join the discussion thank you so much for
discussion thank you so much for
discussion thank you so much for watching
watching
watching continue to believe and we’ll see you
continue to believe and we’ll see you
continue to believe and we’ll see you soon
”
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