Business pundits get knockout punch

Business pundits get knockout punch
PTI
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First Published: Sat, May 16 2009. 07 47 PM IST
Updated: Sat, May 16 2009. 07 47 PM IST
New Delhi: Being successful in business may not necessarily guarantee success in politics - this is what banker Meera Sanyal, low-cost aviation pioneer Captain Gopinath and management guru K.Pandia Rajan learnt from the Lok Sabha election.
They also found out that there are exceptions to the rule such as aviation minister Praful Patel and industrialist Naveen Jindal, who romped home victorious.
While Patel has already emerged as a seasoned politician, Jindal is among the new crop of Indian leaders.
Besides politics, Patel is also associated with a hundreds of crores-worth group in bidi and tobacco businesses.
The business group headed by Jindal, who has won Lok Sabha election from Kurukshetra in Haryana, has interests in steel and power among other sectors.
Among the corporate losers in the polls, Meera Sanyal lost out to Milind Deora, son of petroleum minister Murli Deora. Sanyal, former CEO of ABN Amro Bank in India, contested as an independent candidate from Mumbai.
Contesting polls from Bangalore, Captain Gopinath, who pioneered low-cost aviation with Deccan Airlines that was later sold to Vijay Mallya’s Kingfisher Airlines, too lost.
Pandia Rajan, founder of leading HR services provider and staffing firm Ma Foi Management Consultants, also lost from Virudhunagar constituency in Tamil Nadu, where one of his opponents, Vaiko, too bit the dust.
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First Published: Sat, May 16 2009. 07 47 PM IST