Indian Billionaire Anil Agarwal Copes With Business Losses By Reading The Bhagavad Gita

For the first episode of our new series, Indians Abroad, our editor-in-chief, Kamiya Jani, visited one of the richest NRIs, Anil Agarwal, at his London home. The founder of the Vedanta Group gave us a glimpse of his grand London house and shared his life journey. While talking about his struggles, he also talked about how he coped with losses and failure. Read on to know how Anil Agarwal dealt with losses.

Anil Agarwal On Coping With Financial Loss

Kamiya asked Anil Agarwal how much time it takes him to overcome any financial loss, to which he stated, “Jab nuksaan hota hai, woh sabse bada aapke upar dil mein dhakka lagta hai ki nuksaan hogaya. Lekin wahi ek pariksha ki ghadi hoti hai ki usko hum overcome kaise karein. Us samay humlog Geeta padhte hain. Bhagwan ka naam lete hai; usse yahi dhyaan mein aata hai ki attachment hatao, kaam mein phir lago. Uske liye depress mat ho. Get up and get on the job again.”

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Anil Agarwal Reveals The Biggest Loss His Company Ever Made

When asked what the biggest loss his company made in a day was, he said, “Maybe notional, but sometimes in 30 years, my share price falls as a notional. I can see that; one day you made a loss.” Kamiya further asked if the stock prices going up or down affects him, to which he replied, “It definitely gives me joy when prices do well, and when prices don’t do well, it definitely affects me, and I want to know why this is happening.”

He further talked about his work culture and said how they don’t have a culture of laying off employees. He said, “Hamare yahan vo culture nahi hai; agar kisi ko hatana bhi hota hai toh uske tareeke hai. Face-to-face, mereko nahi lagta ki maine aaj tak kisi ko bola ho ki ‘you are fired’; that is a very Western language.”

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Anil Agarwal also gave us a key to success and making more money. He said that between investment and savings, it’s the investment that helps you grow and earn money. Furthermore, he also discussed his biggest achievement in London, which was listing his company on the London Stock Exchange and becoming an FTSE 100 company. That makes the Vedanta Group the 37th best company all across the world.

Cover Image Courtesy: Internal