News & Highlights

  • June 2017

"Building India's First $100 Billion Company" with Professor Gupta

It’s a common challenge for almost every startup: how much and how fast to grow. But Vijay Shekhar Sharma, founder of Indian mobile payments and commerce platform Paytm, knows he wants to take his company to $100 billion and replicate its model in other emerging markets. In this Cold Call Podcast HBS Professor Sunil Gupta discusses how reaching Sharma’s lofty goal won’t be about technology and finding new solutions, but rather all about finding new use cases for Paytm’s existing solution.
  • May 2017

Nisa Godrej MBA 2006 to take over Mumbai-based Godrej Consumer Products

After a decade of work at her family's Mumbai-based congolmerate, Godrej Consumer Products, Nisa Godrej MBA 2006, has been appointed to Executive Chairman replacing her father Adi Godrej. This is just one of a number of recent appointments that are part of a larger cultural movement in India, with more women taking on visible executive level roles.

New Research on the Region

  • 2017
  • Working Paper

When Proximity May Not Be Destiny: The Role of Existing Relationships

By: Sharique Hasan and Rembrand Koning

Research on geography and knowledge spillovers is premised on the proposition that proximity reduces the cost of search and coordination. Thus, learning from proximate parties is easier than from more distant ones. As a consequence, nearby individuals, teams, and firms share overlapping knowledge and correlated outcomes. In this paper we theorize that spatial spillovers fundamentally depend on the presence of existing relationships. Using multi-dimensional network formation data from the random placement of teams at a startup bootcamp, we show that spatial spillovers decline if team members have existing ties within a particular social setting. For teams with preexisting ties within the bootcamp, localized spillovers appear small or non-existent. For teams without preexisting ties we find that outcomes improve if neighbors are high performing, but that outcomes worsen if neighboring teams are low performing. Our findings suggest that existing relationships do affect spillovers, primarily by capping downsides, but also by limiting the upsides of being near a high-performing team.

  • May 2017
  • Teaching Material

Aadhaar: From Voluntary to Mandatory

By: Tarun Khanna, Anjali Raina and Rachna Chawla

1.1 billion residents of India (99% of the population) had a unique biometric identity- Aadhaar- by 2017. Unique Identification Authority of India (UIDAI) had in 6 years achieved an unprecedented milestone in emerging and developed markets. The objective stated was to create a corruption-proof social security infrastructure that enables the disenfranchised to access benefits without any diversion to middlemen and unscrupulous elements. Earlier a voluntary scheme, in 2017 GOI made it mandatory. What are the positive and negative implications of this, specifically related to economic development of the majority and the privacy of the individual?

  • May 2017
  • Case

Taj Hotels: Leading Change, Driving Profitability

By: Krishna Palepu, Anjali Raina and Rachna Chawla

Rakesh Sarna, MD and CEO of the Indian Hotels Company ltd (IHCL) was faced with the challenge of leading and embedding changes in IHCL to turnaround its trajectory. IHCL and its subsidiaries, headquartered in India, were a venerable hotel chain, collectively known as Taj Hotels Resorts and Palaces, and colloquially referred to as Taj Hotels. Taj Hotels, revered across India for their values and renowned for their hospitality, had been plagued with performance challenges since Dec’08. It was August 2016, nearly two years since Sarna had been recruited from the Hyatt Hotels Corporation, with a mandate to revive the flagging fortunes of Taj Hotels. Having introduced a number of changes, Sarna reflects on progress made and next steps required.

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Mumbai Staff

Anjali Raina
Executive Director
Namrata Arora
Associate Director, Special Projects
Saloni Chaturvedi
Rachna Chawla
Assistant Director, Research Services
Tanvi Deshpande
Research Associate
Anthea D’Souza
Associate Director, Financial and Business Administration
Kalpesh Hedulkar
Administrative Assistant
Mahima Kachroo
Research Associate
Rashmi Patel
Research Assistant and Educational Coordinator
Sanjivani Shedge
Executive Assistant
Inakshi Sobti
Associate Director, Community Initiatives
Rachna Tahilyani
Associate Director, Research

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