Category Archives: Business

Parsika’s classic delicacies tickle Parsi palettes

Launched on September 1 last year, Parsika is an effort by four Zoroastrians to help our community do what it does best – eat to its heart’s content. As their Facebook page so honestly puts it – Parsika aims to connect those who love good food with those who make it. 
Marking their debut with probably the most lip-smacking Badam Paak this author has ever tasted, the company also markets a very authentic Vasanu, some truly melt-in-your-mouth Orange and Coffee Ganache and a range of evergreen Assorted Chocolates. All products are handcrafted using the finest ingredients possible. If you have still not experienced Parsika’s delicious delicacies, call + 91 98207 67726 for free home delivery.
In the short span since its launch, Parsika has won over the taste-buds of more than just the the Parsi community. Besides being available at over 30 restaurants and various retail outlets from Colaba to Jogeshwari, Parsika’s signature Badam Paak, Ganache and Chocolates have gained enormous popularity. From social and corporate gifts to office parties, social gatherings and other momentous occasions, Parsika is slowly but surely carving a special niche in the hearts (and tummies) of food lovers across the city. This publication wishes them the very best and looks forward to being delighted with the next delicacy that Parsika promises to tickle Parsi palettes with. Until then, Badam Paak khaava chaalo ji.

Khushru Jijina recognized as ‘Business Leader of the Year 2017 – Icon (Real Estate)’

The annual Global Real Estate Awards recognize and reward excellence across the real estate in the region across multiple organizational as well as individual award categories. This particular award recognizes leaders who have most effectively shaped their business success, delivered outstanding growth and contributed to the well-being of the society. The Business Leader of the Year award is a fitting endorsement of all that the platform has achieved through the work of each and every member of the Piramal Finance & Piramal Housing Finance team.

Mr. Khushru Jijina expressing gratitude receiving the award said :

“I am truly honoured to receive the ‘Business Leader of the Year 2017’ award from Global Real Estate Congress and would like to thank the jury for recognising our journey. In a market that is otherwise plagued with strong cycles and transactional relationships, we have successfully built a model of long term partnership with the ability to cater to developers across the entire capital stack right from project equity and debt to housing finance for the end user.  As recently as 2014, we started with assets under management (AUM) of Rs. 1,500 crores and today we have crossed Rs. 65,000 crores. I would sincerely like to thank Mr Piramal for giving me this opportunity to lead a young and dynamic team and I dedicate this award to each and every member of Piramal Finance and Piramal Housing Finance.”

TCS & Cornell Tech Inaugurate the Tata Innovation Center

$50 Million Investment from Tata Consultancy Services will Enhance Applied Research at University Campus and Accelerate K-12 Digital Literacy in New York City Schools 

NEW YORK | MUMBAI, Dec 4, 2017 —Tata Consultancy Services (TCS),(BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced Dec. 4 a $50 million investment in Cornell Tech. The investment includes a significant gift for the first phase of capital development on the Roosevelt Island campus, as well as support for collaborating on technology research and expanding K-12 digital literacy programs in New York City.

In recognition of the gift, Cornell Tech has inaugurated the Tata Innovation Center on Roosevelt Island. The center, formerly known as The Bridge, brings academia and industry together under one roof to share ideas and research on next-generation digital technologies and how to commercialize new areas of collaboration.

“Tata Group and TCS have a long and celebrated history of investments in education and institution building in the communities in which we operate,” said Natarajan Chandrasekaran, Chairman of the Tata Group. “The Tata Innovation Center will drive applied research and collaboration between Cornell, industry and the startup ecosystem in emerging areas including human machine interaction and cyber security, benefitting both US business and local communities.”

“The Tata Innovation Center will become a hub for New York’s tech sector and a global icon for how academia and industry can collaborate to leverage technology for the greater good,” said Martha E. Pollack, Cornell University President. “Cornell Trustee Ratan Tata ’59, BArch ’62 and the Tata family of companies have long supported innovation at Cornell; our new partnership with Tata Consultancy Services will drive innovation at Cornell Tech and help the campus reach its full potential for education, research and societal impact.”

“New York City has been proudly partnering with TCS for years, including their sponsorship of the TCS New York City Marathon, work with local schools, and so much more. TCS’ new partnership with Cornell Tech will help drive New York’s economic competitiveness and advance digital literacy programs to reach even more schools across the city. Through this critical engagement, Computer Science for All, the Tech Talent Pipeline, and more, we are working to keep New York City a leader in the 21st century economy and ensure that everyone has the opportunity to share in the growth and success of the tech industry,” added Mayor Bill de Blasio.

Tata Innovation Center

TCS will become one of the tenants in the Tata Innovation Center, a first-of-its-kind building where an extraordinary mix of cutting-edge companies from diverse industries have the opportunity to work alongside groundbreaking Cornell academic teams. They include recent Cornell Tech graduates seeking to commercialize new ideas and work with start-ups and established companies developing leading edge technologies and products. The building features meeting areas on each level, including a light-filled, multi-level Tech Gallery and a rooftop terrace sheltered by a solar trellis. The building was developed by Forest City New York and designed by WEISS/MANFREDI.

The new Cornell Tech campus on Roosevelt Island opened in September 2017, designed to combine the potential of academia and industry to create pioneering leaders and transformational new research, products, companies, and social ventures.

“TCS has operated in New York City for more than 40 years and invested in many long standing customer relationships and local community partnerships,” said Rajesh Gopinathan, CEO and Managing Director of TCS. “Our joint research with Cornell Tech is designed to fully leverage their campus ecosystem and TCS’ industry leading technical expertise to develop solutions that empower notable transformation and talent development across industries in an era of Business 4.0.”

“Cornell Tech serves as a model for the campus and community of the future,” added Congresswoman Carolyn B. Maloney. “Already, young people are receiving a world class education in computer science and cutting edge training in how to become entrepreneurs. I am delighted that the Tata Innovation Center will stand as a reminder to our community for generations to come of the extraordinary generosity of the Tata Group and TCS, which enables new joint research and K-12 literacy programs. I know this will help lead us into the future.”

“The Tata family and TCS have long been drivers of innovation as one of the world’s leading IT services organizations, and we are thrilled to have their name grace our building and to have them as a tenant,” said MaryAnne Gilmartin, President and CEO of Forest City New York. “The Tata Innovation Center breaks down all barriers to innovation and collaboration, with a diverse group of tenants working alongside groundbreaking Cornell Tech academic teams. The building is a key component of the mission of Cornell Tech and driving economic growth for New York.”

Cutting-Edge Collaborative Research

Cornell Tech’s academic environment encourages tight integration across disciplines, couples fundamental research with practice, and supports societal and commercial ventures alongside education.

A distinguishing characteristic of Cornell Tech’s research is that it engages deeply with external communities, organizations and industry to address real-world problems. TCS will collaborate with Cornell Tech’s world-class faculty on cutting-edge research in human-computer interaction (the convergence of technologies such as Mixed Reality and IoT ineveryday human activities) and cyber security (improving cloud computing security and privacy aspects for a wider Blockchain adoption).

“Cornell Tech stands apart because of our focus on academic excellence, coupled with real-world impact, and this new partnership with TCS will dramatically improve our ability to make a difference, from commercializing research to engaging with public school students across New York City,” said Dan Huttenlocher, Jack and Rilla Neafsey Dean and Vice Provost of Cornell Tech. “TCS shares our vision of ensuring all students and teachers have meaningful engagements with computer science in the classroom, and with their help we will reach even more schools.”

Commitment to K-12 Education

To empower NYC youth to participate and thrive in an increasingly digital world, TCS and Cornell Tech have joined forces to promote the integration of computational expertise in K-12 public education, starting with engagement in NYC School Districts 2 and 30. This multi-year community engagement effort aims to build digital fluency and computational acumen among students, educators and schools in the nation’s largest public school system, with a special focus on girls, minorities and the underserved.

TCS will leverage Cornell Tech’s academic expertise to design education programs that introduce students to new digital technologies such as Artificial Intelligence (AI), Blockchain and Cybersecurity. Cornell Tech will leverage TCS’ industry expertise and host their Ignite My Future in School program for educators across all five boroughs, starting with two school districts from Manhattan and Queens in January 2018. Additionally, TCS will also offer its award winning flagship education program, goIT, to students and schools served by Cornell Tech’s K-12 initiative.

“Cornell Tech and TCS are to be commended on their unique collaboration, particularly in relation to the planned enhancement of computational skills for New York City public school students. Such skills are highly applicable to the digital world in the workplace and in contemporary knowledge transmittal as well as creation. Today’s announcement is indeed momentous,” said Assemblymember Rebecca Seawright.

“When our city’s great institutions partner with our schools, we all win,” said Manhattan Borough President Gale A. Brewer. “I congratulate Cornell Tech and Tata Consultancy Services on their partnership, and look forward to seeing its benefits for New York City’s K-12 students.”

“Knowledge is power and these days digital literacy is proving to be all powerful, “said Council Member Ben Kallos. “I have extreme confidence and very high expectations of this partnership between Tata Consultancy Services and Cornell Tech. This $50 million investment includes advancing digital education in K-12 within New York City schools which will benefit an untold number of young lives and lead to unimaginable innovation from right here in New York City. Thank you to the Tata Group and TCS for collaborating with Cornell Tech for the benefit of New York City’s most precious resource our children.”

About Cornell Tech

Cornell Tech brings together faculty, business leaders, tech entrepreneurs, and students in a catalytic environment to produce visionary results grounded in significant needs that will reinvent the way we live in the digital age. The Jacobs Technion-Cornell Institute embodies the academic partnership between the Technion-Israel Institute of Technology and Cornell University on the Cornell Tech campus.

From 2012-2017, the campus was temporarily located in Google’s New York City building. In the Fall of 2017, 30 world-class faculty and 300 graduate students moved to the first phase of Cornell Tech’s permanent campus on Roosevelt Island, continuing to conduct groundbreaking research, collaborate

extensively with tech-oriented organizations and pursue their own startups. When fully completed, the campus will include two million square feet of state-of-the-art buildings, over two acres of open space, and will be home to more than 2,000 graduate students and hundreds of faculty and staff.

About Cornell University

Cornell University is a world-class research institution known for the breadth and rigor of its curricula, and an academic culture dedicated to preparing students to be well-educated and well-rounded citizens of the world. Its faculty, staff and students believe in the critical importance of knowledge—both theoretical and applied—as a means of improving the human condition and solving the world’s problems. With campuses in Ithaca, New York, New York City, and Doha, Qatar, Cornell is a private, Ivy League research university and the land-grant institution of New York State.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT servicesconsulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of ITBPSInfrastructure, Engineering and Digital services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 389,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of U.S. $17.6 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at

To stay up-to-date on TCS news in North America, follow@TCS_NA. For TCS global news, follow@TCS_News.

Cornell Tech Media Contact: Jovana Rizzo, jovana@berlinrosen.com646-452-5637

The Ordinary Heroes of the Taj Hotel

Taj terror attack has become a massive psychology case study in Harvard. Not ONE Taj employee abandoned the hotel and ran right through the attack. They helped guests escape and many died . It confounds psychologists . Finally they pin pointed 3 recruitment strategies

1) Taj did not recruit from big cities , they recruited from smaller cities where traditional culture still holds strong

2) They did not recruit toppers, they spoke to school masters to find out who were  most respectful of their parents, elders , teachers and and others .

3) They taught their employees to be ambassadors of their guests to the organisation not ambassadors of the company to their guests .

The results are stupefying . The Indian army too does not recruit toppers, they recruit people through intensive psychological testing, perhaps that is why they have one of the most effective govt organisations in the country , unlike bureaucrats recruited for being toppers but suspect psychologies . This has implications on parenting too


How unconditional warmth has endured Daruvala and Mistry families in engineering venture together

Sterling and Wilson managing director Khurshed Daruvala with mother Zarine, chairperson, and daughter Delna, who’s in training

Owned by two Parsi business families, with its fourth generation just being inducted, the storied Sterling and Wilson is now at an inflexion point. The 90-year-old engineering firm has only two shareholders. The Mistry family of the Shapoorji Pallonji group holds 67%, while the Daruvala family led by managing director Khurshed owns 33%. The company has been managed by the Daruvala family through “several troughs and crests,” with 48-year-old Khurshed leading it for almost two decades and to its recent success. The Daruvalas — the Mistrys lend support — have painstakingly done the heavy lifting to get on the fast track.

The families’ association dates back to 1927, when Meherwan Daruwala founded Wilson Electric Works, a small contractor in Meadows Street, Mumbai. Across the street, another Parsi businessman, Shapoorji Pallonji Mistry Sr of the eponymously-named construction firm was laying the foundation for his family business and Bombay’s heritage structures. Folklore has it that a faulty appliance — people say Mistry’s domestic iron — was repaired, much to his satisfaction, by Daruwala and with it evolved a longlasting friendship between the two.

Their sons, Yazdi Daruvala and Pallonji Mistry, only strengthened this bond. Pallonji understood the importance of having an as a partner for his civil contracting business and acquired 51% in Wilson Electricals. Thus the name Sterling, a Mistry investment firm, was added as a prefix.

Their partnership saw them win prestigious contracts for building Taj Mahal Hotel and World Trade Centre at Cuffe Parade. The Daruwalas did electrical contracting work for all SP Group projects.

Yazdi took over reins in 1973 and enlisted wife Zarine, mother of his three children, to help out with the book-keeping. Family ties were close and Pallonji, amused by his friend’s decision, is said to have sent an accountant from SP Group to teach her the basics daily till she mastered it.

Zarine now chairs Sterling and Wilson. During the same halcyon days of the early 70s, Pallonji, father of Shapur and Cyrus, crossed the Arabian Sea to Oman to build the Sultan Qaboos Palace.

Best Indian Brands Report: Tata Group tops list

Indian conglomerate Tata Group has topped the table in the 2017 Best Indian Brands Report released by brand consultancy firm Interbrand India.

The salt-to-software conglomerate has topped the brand league table for the fifth consecutive year and its brand valuation stands at Rs 73,944 crore, despite registering a marginal 0.4 decline this year.

Read more at:


Aban Pestonjee, founder chairperson of Abans, was invited to be interviewed by Prof. Geoffrey Jones, the faculty chair of Harvard Business School’s Business History Initiative, on the topic of ‘Creating Emerging Markets’. This is a singular honour not only for Mrs. Pestonjee and Abans but for Sri Lanka.

The Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, the US, and is one of the world’s most prestigious business schools from which global corporate leaders receive their MBAs and doctorates.

The two-hour-long video interview was a sit-down discussion between Prof. Jones and Mrs. Pestonjee and was conducted at the Sapphire Room of the Taj Mahal Palace Hotel in Mumbai. The full transcript of the interview will be kept in the archives of the Harvard Business School’s Baker Library and will become a part of the library’s Historical Collection and ‘Creating Emerging Markets’ website and will be available to students for research and case studies.


The interview, which received comments of wide acclaim from those present at the recording, covered many topics such as ‘The process of innovation in the business’, ‘The acquisition of international technologies’, ‘The role of family’, ‘The issue of succession’, ‘The recruitment of professional management’, ‘Relationships with government, NGO’s and international organizations’, ‘Responsibility for society and natural environment’ and the ‘Challenges and opportunities of globalisation including globalizing brands’.

The phenomenal success of Abans from a small retail shop selling used home appliances to the market leader in electronics and household appliances with 30 independent companies in the diversified fields of business and services and a network of over 400 showrooms, dealers and service centres island-wide is a remarkable achievement.

Abans’ newest venture is the multibillion rupee Colombo City Centre, a mixed development project on Sir James Peiris Mawatha, Colombo 2 overlooking the picturesque Beira Lake. In keeping with their policy of always looking to introduce new technology to Sri Lanka, Abans has ventured into developing the first ever lifestyle mall and mixed development project, the likes of which are only found in highly developed countries like Dubai, the US and Singapore. The mall will feature attractions for tourists as well as locals who can come and spend an enjoyable day with their families.

Being an impressive piece of innovative architecture and engineering, the 48-storey lifestyle centre will feature a contemporary lifestyle retail mall, an upscale hotel operated by Next Hotels – the flagship brand of SilverNeedle Hospitality and opulent apartment residences.

The high-calibre retail mall will feature a range of global brands that will promise a never-before-seen shopping experience to Sri Lankans. The centre will also feature a six-screen multiplex with the best movies throughout the day, an international food court and various unique entertainment and leisure activities that will provide a radical take on how Sri Lankan families and tourists could spend the whole day relaxing and enjoying themselves.

Tata’s good ethics based on the Zoroastrian Principles of Righteousness

TATAs and Zoroastrians

David Landsman

APPG – All Parliamentary Party Group – for the promotion of Zoroastrianism in the UK. – at Parliament House chaired by Lord Karan Bilimoria. We have regular meetings there and recently we held one to do with their Ethical Principles in Business.

One of the invited guests was David Landsman who heads the Tata Sons offices in London.

He spoke of the Tata’s good ethics based on the Zoroastrian Principles of Righteousness, being Upright and Truthful. Followers of Good Words, Good Thoughts and Good deeds.

David spoke of how Tatas in India refuse to give bribes. Some time ago, Tatas refused to pay Rupees 55 crores bribe that was going into the pockets of individuals – not government or country. – and did not get the airline licence.

Morarji Desai sacked JRD Tata as the Chairman/Founder of Air India as he did not like JRD’s frankness.

In Bihar/Jamshedpur, the Chief Minister told Tatas that they are not contributing to any local projects. Jamshed Irani (of Tata Steels) responded to Lalu Prasad saying “give me a project, I will build it for you and gift it to the local community”. You know why? Because the bulk of money is taken by officials and only 10% is used for projects badly built. After great deliberation this was accepted.

Over 50% of Tata’s profits are used for charitable purposes including creating 12 Tata scholars every year – open to all Indians in all fields of technology, industry and professions.

Tatas refused the honour of naming Mumbai airport after JRD Tata without control or a say in its management and continuing bribery. This naming did not happen. We have lots of stories.

Generally Parsees are refrained from being asked for bribes as most Parsees refuse to bribe even if they are not successful in their ventures.

Billionaire Shapurji Pallonji (Mistry), the biggest and most renowned international contractors are awarded the most difficult projects in India as their end product is delivered within budget and in time – all based on Zoroastrian Ethics!

In spite of all these, Parsees in India lists 4 billionaires from the 50,000 Parsees in India. That does not include business empires such as Tatas and Wadias etc.

Parsee businesses contribute around 6% of the National Annual Turnover, yet they are not even 1% of the population.

Aava supports Swachh Bharat Recycling Machines

As you’re aware, rising plastic waste is a serious issue in today’s world. Being an environment-friendly ISO 14001-2015 brand, we’ve always been committed to safeguard Mother Nature who has blessed us with water as pristine as Aava. We are India’s largest selling natural mineral water with 1 million bottles of Aava being consumed worldwide every week. That’s why we ensure that every bottle of Aava is made using certified and standardized recyclable PET raw material in addition to recharging mother earth with our check dams in tribal areas.

We’re sharing some key points from our latest endeavor to support recycling as a habit. Please make sure to share it as much as possible so that more and more consumers are aware about this rewarding opportunity to recycle their plastic bottles.

Gold Seal Group’s Pilloo Aga bags top rubber industry honour

Pilloo Aga, finance director, Gold Seal Group, receives the award from Kamal Chaudhari, president AIRIA; Vikram Makar, senior VP, AIRIA; and Vinod Bansal, chairman, WR/MC member AIRIA. Also seen are her husband Cyrus Aga and sons Urvaksh Aga and Darius Aga.

The All India Rubber Industries Association (AIRIA) has honoured Pilloo Aga, financial director of the Gold Seal Group, with its ‘Award for Outstanding Contribution to the Indian Rubber Industry’.

She was presented the award at the recently concluded All India National Rubber Conference held in Mumbai, which was attended by captains of the industry, both from the manufacturing and trading segments.

Pilloo Aga has been with the Gold Seal Group since 1980, gradually working her way up to become a director. The Gold Seal Group was established by H E Aga in 1958 to supply door seals and glass runs as import substitute products for the Indian automobile industry. In 1960, Gold Seal began OEM supplies to Fiat Automobiles (later Premier Automobiles) and to Hindustan Motors shortly afterwards. In 1972, exports began to Sri Lanka, the Far East, East Africa and a couple of years later to the UK and Europe.

In 1997, as industry demand grew for newer technologies, Pilloo Aga was instrumental in Gold Seal setting up two joint ventures. The first one was a JV with SaarGummi of Germany to expand its core business of door seals and glass runs, together known as weather strips. The second JV came about with Avon Rubber of the UK for the manufacture of coolant conveying systems.

The Gold Seal Group today operates from three locations in India: Mumbai (site of the original manufacturing facility and now the head office for the Group); Daman (the main manufacturing hub); and Sanand (customer service point for customers in Gujarat).

Pilloo Aga, as finance director, is known to have aggressively driven the Gold Seal Group’s expansion. Having held the purchase portfolio for the Group, she has had a long association with different arms of the rubber industry – from raw materials manufacturers and traders through to rubber machinery manufacturers. The award, conferred by the All India Rubber Industries Association, is to recognise her contribution in driving the growth of the rubber industry in India.

Leading entrepreneur
Pilloo Aga has been an active member of the ACMA managing committee since 1992. During her tenure as chairperson of the Western Region from 1999-2003, she was instrumental in building membership, especially from the MSME sectors, and was recognised for several programmes organised in the Western Region of interest to industry. She was also awarded the ‘Best Woman Entrepreneur’ award by the Mariwala Foundation in association with the Indian Merchants Chamber Of Commerce.


The award was presented to Pilloo Aga by Kamal Chaudhari, president AIRIA; Vikram Makar, senior VP, AIRIA; and Vinod Bansal, chairman,  WR/MC member AIRIA, in the presence of her family members – husband Cyrus Aga and sons Urvaksh Aga and Darius Aga.

Commenting on her award, Pilloo Aga said: “I am thankful to the All India Rubber Industries Association, the managing committee and all the members for this recognition of the 30-plus years I have been in this industry, which I entered as a novice and a non-technical person. I have worked hard all these years and the support everyone present here has given me – be it the raw materials suppliers, capital equipment makers and the various service providers – has been outstanding. They welcomed and nurtured me, respected me, and I am truly honoured and inspired.”

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