Efficiency key to family business: RPG

A family run business could succeed only if the efficiency of the person running the business was exceptional and he also possessed the quality of depending upon people who were reliable, said Rama Prasad Goenka, chairman emeritus of the Rs 12,500 crore (Rs 125 billion) RPG Enterprises.

Speaking on the current economic meltdown, RPG said that the global meldown would help India emerge to be a much stronger economy.

Remembering his first days at Duncan Brothers, Goenka said, "I started my career in 1952 earning Rs 350 and later went on to become the director of the company which happened to be my turning point in life, since I could take decisions thenI feel I could have achieved more. Optimism is the single factor which helped me in life."

News weekly The Sunday Indian and Indian Institute of Planning and Management awarded the lifetime achievement award to Goenka in Kolkata.

Goenka was chosen as he was one of the few in Indian business who achieved growth through acquisitions to become a business leader, said Arindam Chaudhuri, chairman of Planman Media.