“Purpose of business is not only to make money but also meaning.â€
AB Wire
WASHINGTON, DC: Prominent Indian entrepreneur GV Sanjay Reddy was the keynote speaker at the University of Michigan’s Ross School of Business commencement, on May 1. Some 1,200 students and alumni attended the meet.
Reddy, alum of Ross, is the Vice Chairman of GVK, an Indian conglomerate with interests in energy, airports, transportation, resources, real estate, hospitality and life sciences. He was instrumental in making GVK the largest private airport operator in India, by owning, developing and operating the Mumbai and Bengaluru airports, which handle over 50 million passengers per year.
Reddy founded GVK Biosciences, which is one of Asia’s largest contract research organizations employing more than 2000 scientists. He is involved with GVK EMRI 108 service, which is the world’s largest ambulance service offered free of cost to over 800 million people across India and having saved more than one million lives until date.
“I believe that the purpose of business is not only to make money but also meaning. In every one of GVK’s businesses, we always ensure that there is a significant positive impact on the community where we work,†said Reddy. “In addition, under the GVK Foundation, which is our not for profit organization, we employ more than 40,000 people running the world’s largest ambulance service, 108 GVK EMRI, which is provided free of cost to more than 800 million people across India.â€
In his speech, Reddy invoked the message of Prof. CK Prahalad, who he said, taught him the value of aspirations, an intrinsic part of success in business.
“He made me believe that anything was possible and constantly pushed me to think beyond my limits,†Reddy said.
Reddy also espoused “positive attitude†in life to achieve ambitions.
“A university degree or training will not get you where you want to go; nor will you get there if you have the talent of being at the top of your class,†he said, adding, “what you need is a positive attitude. It will alter your life in unimaginable ways.â€
1 Comment
This is great – thanks for sharing! If you’d like to watch the address from Reddy, the entirety of it is available on our YouTube channel: https://www.youtube.com/watch?v=KFG3ldHanPA