The real reason why Anil Agarwal moved to London
His company, Vedanta Resources, was the first Indian firm to be listed on the London bourses in 2003.
By Maleeva Rebello, ET Bureau |
BCCL
At the India Economic Conclave in Mumbai a few days ago, mining moghul Anil Agarwal who owns Vedanta Resources, headquartered in London shared why he lives abroad.
The billionaire said with a laugh, "What could I do? I did not get money here. I was unable to get 100 million marketcap here. Everyone would say, I am from Bihar, I eat paan. What would I do? They said I don't know how to walk, how to talk, how to get up."
His company Vedanta Resources Plc on December 10, 2003 was the first Indian firm to be listed on the London Stock Exchange. He added, "I ran and went to London. There I wore a suit and tie and was able to get something. I don't have the background, what to do?" the natural resources conglomerate boss said.
Simplicity for a business person is very important according to Agarwal who shared how he looks up to people abroad. "In America, business people drive their own car and wear khaki. I am still the same person who left Bihar, nothing has changed about me. I did not know a word of English. By just saying yes and no I spent three years," he said.
The billionaire said with a laugh, "What could I do? I did not get money here. I was unable to get 100 million marketcap here. Everyone would say, I am from Bihar, I eat paan. What would I do? They said I don't know how to walk, how to talk, how to get up."
His company Vedanta Resources Plc on December 10, 2003 was the first Indian firm to be listed on the London Stock Exchange. He added, "I ran and went to London. There I wore a suit and tie and was able to get something. I don't have the background, what to do?" the natural resources conglomerate boss said.
Simplicity for a business person is very important according to Agarwal who shared how he looks up to people abroad. "In America, business people drive their own car and wear khaki. I am still the same person who left Bihar, nothing has changed about me. I did not know a word of English. By just saying yes and no I spent three years," he said.
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