Pg 84- The New World of Kering- How Francois-Henri Pinault is discarding legacy to reinvent one of the largest luxury conglomeratesin a tough market.

Pg 96- Waking Up to Reality- Parts of Saville row, the most British of institutions, are now owned by Asians. And that\'s just one of the things that\'s helping it stay alive.

Pg 134- How Ardberg Came Back- The story of how a dying brand was resurrected to become one of the world\'s best single malts.

WHEN FORTUNE INDIA’S journalists got together at the beginning of this year to conceptualise the May 2020 issue around the theme ‘Modi 2.0’ (and how the Narendra Modi-led Bharatiya Janata Party regime had fared in the first year of its second term), the discussions were centred around how the government, which was grappling with a slowing economy and declining consump-tion, would kick-start things again.
And then came Covid-19. As the pan-demic spread across the world, hitting the biggest and mightiest economies and bringing them to their knees. As this issue was put together, it be-came increasingly clear that 2020 would be a washout as far as the world economy-my is concerned—a lost year in history. Throwing aside all economic calculations, the world, and India, is currently busy battling the pandemic and attempting to flatten the curve of infections and deaths by way of an extended lockdown. In such a scenario, what can the Modi government do? With growth forecasts for India ranging from 0% to 1%, it is believed India would have done well if it doesn’t fall into a recession, and manages to stay in positive territory. But what is urgently required to keep the economy afloat is government spending by way of an aggressive stimulus package to add to the `1.7 lakh crore spent initially for the weakest sections of the population, and which is clearly not enough given the sheer magnitude of India’s problems. As factories, small enterprises, construction, aviation, and several other sectors of the economy sink deeper into trouble, the Modi government will need to pull out all stops and attempt to spend its way out of a potential recession. Whether the government has the ammunition to do that is the trillion-dollar question and something the cover story of this issue examines in detail.

The Coronavirus pandemic has come as a catastrophe for the global economy. Currently, all bets are off about the extent of damage the Indian economy will suffer. For now, as the world battles its biggest crisis, stay safe, and stay at home.  
As things change every day, and Fortune India’s journalists bring you regular updates across sectors on our website www.fortuneindia.com, this issue  contains analyses on how the pandemic could impact the economy in general, and some sectors in particular. It is important to note that many of the numbers are changing on a daily, if not hourly, basis.  In the cover story, Anshul Dhamija analyses the impact of Covid-19 on an already stretched sector—India’s airports—and the challenges they will face when things start returning to normal again. 
Special Report: Infrastructure

This edition of the Fortune India  carries the Next 500 listing, the only comprehensiveone of its kind in the country. The cumulative profit of the Next 500 companies fell 36% this year, a much better show when compared to last year’s fall of 65%. The churn continues, with the list seeing 119 new entrants as compared to last year ’s 163. 
Branded spirits maker Radico Khaitan is the new No. 1 on the Next 500 list this year—jumping from No. 28 last year—powered by its bestselling brands and a new policy framework inUttar Pradesh.
The stories we bring you in this issue are as distinct as they are interesting. We hope you enjoy reading this issue as much as we did putting it together.




Today, the telecom sector is in the throes of what is arguably its biggest crisis ever, with mounting debt, poor infrastructure, unreliable service, and one of the three major players—Vodafone Idea—teetering on the brink of collapse. How did this storied industry come to this moment? The answer lies in a few things. In our cover story this month, Aveek Datta and T. Surendar take a detailed look at how the cookie crumbled for India’s telecom sector and where it stands now. With the Supreme Court refusing to budge on its verdict, the government finds itself in a bind: While the government must recover the dues and comply with the court order, letting Vodafone Idea collapse will have serious repercussions on the economy as a whole and send terribly wrong signals globally. The situation has the potential to reduce the sector to a duopoly, given Jio’s financial might and Airtel’s stated ability to cough up the AGR dues. The story is full of twists and turns, with new developments taking place every day. Read on to find more and much finer details.

Investment Special:
The economy, sputtering at 4.5% gross domestic product (GDP) growth at last count (the IMF pegs India’s 2019 growth at 4.8%), shows little signs of a major recovery, but the benchmark equity indices—the S&P BSE Sensex and the Nifty 50—gained 13.8% and 11.5%, respectively, last year, befuddling market watchers. In such times, while investors may be attracted by the rising indices, prudence will demand a close, hard look at the fundamentals and a safety-first approach to investing.
The Fortune India Investment Special, then, comes to you at a time when investors need good, sound advice on investment options, and pointers to how the markets are likely to behave in 2020 and beyond. 
The cover story takes a detailed look at the investment philosophy of one of the world’s best-known private equity (PE) firms, the U.S.-based Warburg Pincus, which has been operating in India for over 25 years, partnering some of the country’s tallest entrepreneurs and business leaders.
This Investment Special aims to give readers—and potential investors—a broad view of how the various markets have behaved, and what is likely to be the trajectory in the coming year. Some of the biggest and sharpest minds in the investing world share their strategies with us, and tell us what they see as the road ahead. With the Narendra Modi government in Budget mode, these strategies are all the more relevant.

Fortune India’s January issue focusses on that one big developmentin the world of business and economy which we like to call the ‘Move of the Year’. There should be no doubt in anyone’s mind that Ambani’s vision forRIL was clearly the biggest move in the world of Indian business in 2019. To better understand every detail of the mega Ambani game plan, deputy editor T. Surendar met several top executives at RIL across businesses, spoke to analysts, and also understood from other business leaders what the ramifications of the new Reliance could be. Mukesh Ambani himself articulated his plan to Fortune India, saying: “This is the age of disruption and there is no room for linear and static growth models.” Hence, pivoting RIL is now Ambani’s newest mission, one that will see him reshaping the megacorp, getting into new corporate structures, being more aggressive on acquisitions, and ensuring RIL is debt free. And given Ambani’s dexterity on the execution side, Team Reliance is now fully aligned to this new vision. Call it Reliance Redux, for the new business environment. RIL is exploring new structures to ensure the highest value is unlocked from its various businesses—from telecom to digital to retail—even while it eases the pressure on the capital expenditure side, having reached the end of the expenditure cycle in most part. Uncharacteristically, RIL has also
opened itself up to joint ventures (in areas like oil and entertainment), and is thinking of leveraging its access to customers for possible new businesses like education, agriculture, health, and finance. Alongside, the big bet on digital commerce is also going to play out, where the company is expected to integrate consumers, producers, and merchants. Analysts are already calling it a project that may rival giants like Amazon. Tracking how the new Reliance takes shape will, no doubt, be fascinating, and Fortune India will be on the ball on that front.. So keep reading and Happy New Year!

FORTUNE INDIA 500: INDIA’s LARGEST CORPORATIONS
If one wants to take a health check on corporate India, and hence get a glimpse of how the broader economy is looking, there are few better places to do that than the FORTUNE INDIA 500 (FI500) listing of India’s largest corporations.
     The FI500 has always been a mix of stories of success and failure, challenges and opportunities, and it’s no different this time.
But the biggest story this year has been the emergence of a new No. 1, the first time since this list was first published in 2010. 
Reliance Industries Ltd (RIL), the oil-to-telecom-to-retail megacorp owned by Asia’s richest billionaire, Mukesh Ambani, finally
toppled public sector giant Indian Oil Corporation (IOC) to take the top slot in the Fortune India 500 list this year. Last year, RIL was snapping at the heels of IOC, with the gap in their revenue at just over `14,026 crore, but this year RIL has surged ahead to top the charts
with a hefty `5.81 lakh crore in revenue, 8.35% more than IOC’s. In late November, RIL also became the first Indian company ever to hit the `10 lakh crore market capitalisation figure, as its stock surged tonew highs. The old order is changing.

Cover story for Fortune India’s December issue¬ ̶  themed “India 2020”̶  is on Hindustan Unilever Ltd (HUL), the country’s largest FMCG. If the biggest has to grow bigger, business as usual barely suffices. It calls for fresh thinking and the gumption to try new things. Under Sanjiv Mehta’s leadership, HUL is showing just that. As we stand on the threshold of a new decade, we at Fortune India could think of no better company than HUL to represent how essential innovation is if companies and their leaders have to face the changes a new India presents before them.
   Apart from the fascinating HUL story, this issue also looks at the trend of consolidation running across several sectors of the India economy. As India gets ready to enter the 2020s, some sectors have begun showing signs of maturity, with players coming together either owing to market exigencies or the need for stronger balance sheets to tackle sectroal challenges.

Family Business:Family Business: AN IN-DEPTH SURVEY of family businesses in India conducted recently has some interesting insights into how such businesses plan to grow in future. The PwC India Family Business Survey 2019 shows that nearly 60% of companies with a turnover of more than $20 million were present in multiple countries in one sector (35%) or multiple sectors (24%), reinforcing the belief that as companies increase in size, a key facilitator of growth is expansion into new markets or territories. The survey points out that this, perhaps, is why 78% of family businesses in India currently export their goods or services and 89% plan to do so over the next five years. “On an average, foreign sales account for 25% of the turnover for companies in India (26% globally) and in five years, this is expected to rise to 34% (33% globally),” it notes. These findings assume particular significance when seen in the context of Bajaj Auto—the world’s third-largest motorcycle company with a top line of `30,000-crore—which is helmed by Rajiv Bajaj, the older son of group patriarch Rahul Bajaj. Bajaj Auto currently exports as much as 40% of its products and, consequently, likes to call itself “The World’s Favourite Indian”, a tagline it chose after decades of using the iconic earlier one, “Hamara Bajaj”. The new tagline reinforces the company’s strategy of exports being a key element of its growth strategy. Rajiv Bajaj tells deputy editor Aveek Datta, who travelled to Pune to piece together the cover story for this issue, that the origins of this export-driven strategy lay in what Rahul Bajaj told him: “Do what you think is best, but be the best in what you do.” In other words, Bajaj Auto should be world class and that could happen when the company exports 20% of its products. There are other interesting stories too. Happy Reading!

Our Cover Story, INSIDE JIO’S CONTENT FACTORY, tells how Jyoti Deshpande, president, media and entertainment, Reliance Industries, is driving Mukesh Ambani’s mega media strategy to power RIL’s triple play ambitions.
This issue also marks Fortune India’s ninth anniversary. Nine years may not look like a very long time, but the rapid strides made by the Indian economy and entrepreneurial ecosystem make the past nine years hugely significant. In a special package, we bring you glimpses of this change, from how some of India’s young entrepreneurs have successfully created billion dollar enterprises to the
successes and failures of some firms which accessed the markets nine years ago. There’s also a selection of nine of our best covers that chronicle the compelling story of India’s journey over this period. 

Happy reading!

Most Powerful Women:  Meet India’s 50 most powerful women in business who with their sharp acumen have built companies, struck massive corporate deals, or developed brands as they took their firms to the top.

THE LUXURY ISSUE

This year’s Luxury Issue is about the charm of London and what makes the British capital a second home to India’s über-wealthy and famous. For years, Fortune India has been of the view that a luxury issue is not about expensive things you can buy. It’s not a catalogue of products that have hit the market and the reader can splurge on. At Fortune India, we believe luxury is a way of life for the truly wealthy, who buy things or indulge in experiences because for them it is the way they live their lives. In this year’s Luxury Issue, our editor-at-large Hindol Sengupta, who is somewhat of an in-house expert on all things London, takes you on a fascinating journey of the many aspects of this wonderful city which make India’s richest return there again and again. As Sengupta explains, “True luxury is
not checking into a hotel but a hotel so intimate and so personalised—and,
therefore, luxurious—that it merely feels like coming home. To the rich, London
is coming home.” And so Sengupta takes you to Hyde Park, where some of
the richest walk along unobtrusively while striking billion-dollar deals, even
as ordinary people are taken in by the 350-acre park’s general warmth and
beauty. He introduces you to areas like Knightsbridge, Belgravia, and Chelsea
where the rich from the world over—and India—often descend to become
Londoners and marinate in the London way of life. In this issue you'll find other interesting stories too.

SMART COMPANIES are always looking for ways in which to improve their
processes, be it manufacturing or delivery, so that the end result is both cost
competitive and provides a good customer experience. Whether it is the use of
the latest technology, artificial intelligence, or machine learning, the biggest
companies the world over—across sectors—are pushing the boundaries to
become more nimble and efficient. As these changes become a part of
manufacturing or services, they make life easier for the consumer. In this issue,
which we at Fortune India refer to as The Future Issue, we take a close look at
one such trend sweeping sectors from manufacturing to aviation and
healthcare: 3D printing. Invented more than three decades ago, 3D printing
was, for long, seen as an industrial process. But today, the technology has come
into widespread use and is being seen as a game changer in several sectors. Constant innovation and developments have made 3D printing a game changer which is disrupting industry and affecting lives in waysnever thought of before.

In this year’s Green Issue, we take a close
look at how GE India is rolling out its green energy strategy in the country. The company is making a bold bet on wind power and disrupting the renewable
energy market through its technological innovations and a
new business model.

India's Best, Sharpest Young Minds-- 40 under 40
In a country where the overwhelming majority of the population is young—with around 65% estimated to be under the age of 35—it is not surprising that the
new India we live in is one where the youth drive change, collective aspiration,
and economic growth. It is against this background that this edition of Fortune
India’s much-awaited special issue, the 40 Under 40 list, has been put together.
This list, our annual compendium of India’s brightest young minds in the world
of business, reflects the change India as a country is currently going through.

This issue of Fortune India features a list of India's most successful companies that have consistently created wealth for share holders--- India's Top 100 Wealth Creators.

THE BIG POINT OF CONCERN these days when discussing the Indian economy is about the lack of adequate private sector investment to kick-start growth. While the government has been taking steps to push infrastructure investment, not enough is coming from the private sector. However, if there is one area where the private sector has been drawing up aggressive investment plans—running into thousands of crores—it is the steel industry. 
Leading the charge on this is India’s largest steel maker, JSW Steel, owned by billionaire Sajjan Jindal who is busy giving the finishing touches to a mega strategy which will see his company’s capacity grow to 45 MTPA by 2030. In our cover story this month, deputy editor Ashish Gupta delves into the JSW story and examines how the company is putting together its plan of increasing capacity and maintaining leadership at a time when competition is about to get much more intense. Elsewhere in this issue, deputy editor T. Surendar brings you the story of how, a year after the Nirav Modi scandal brought the state-run Punjab National Bank, one of the country’s largest, to its knees, the management, led by managing director Sunil Mehta, is bringing the bank back to the path to profits and, more importantly, respectability. While it’s still a work in progress, Mehta’s efforts have seen the bank undertaking a massive clean-up and clocking a `247 crore profit in the third quarter of FY19. Such is the aggressive nature of the restructuring being put in place at the bank that it is now expected to report a profit of `2,266 crore by March 2020. If that happens, it would be a turnaround as big in scale as the scandal that wracked it.


As India goes to the polls in April-May to elect a new government, this issue of Fortune India take a close look at some of the steps taken by the Narendra Modi government, the challenges that stare the economy in the face, and what the next government needs to do to ensure the economy is piloted to safety.

India’s Top Midsize Companies- The Next 500: 
LIFE IS TOUGH FOR a midsize company. We at Fortune India have been em-phasising this fact for some time, particularly in the context of The Next 500 listing of companies, the only such list in India. Now in its fifth year, the Fortune India Next 500 takes a close, hard look at several aspects of the midsize companies space, and its findings have always led to significant takeaways about the health of corporate India.

Our cover story for this issue is on the rapid growth of the Jeff Bezos-founded Amazon in India.Amazon  is one such example of a global tech giant which has now made India a major market for itself. Add to that Bezos’ deep pockets and aggression and you have a giant which is clear in its plan for dominance in the Indian marketplace and knows how to get it. Our Sr. editor Deepti Chaudhary takes you through the Amazon India game plan at a time when the government has just put in place major tweaks to the policies governing e-commerce companies. This issue also brings you Fortune’s annual list of the World’s Most Admired Companies, the much-awaited line-up of corporate role models. Fortune polled 3,750 executives, directors and analysts to come up with this year’s list. Apple tops the list for the 12th straight year, while Amazon features at No. 2 and Microsoft at No. 6, with Microsoft CEO Satya Nadella figuring as the most underrated chief executive. Facebook’s Mark Zuckerberg is the most overrated.

THE BUSINESS OF ENTERTAINMENT:This first-ever Show Business special from Fortune India aims at capturing the emerging trends in fast growing entertainment industry, whether it is cinema, streaming, audio or even multiplexes. The massive growth in the entertainment sector has meant that film actors are no longer just performers. They are brands with a massive value attached to them, with the biggest companies lining up to get them to endorse a range of products. Sample this: The latest ‘Celebrity Brand Valuation Report’ by consulting firm Duff & Phelps pegs actor Deepika Padukone’s brand value in 2018 at a staggering $102.5 million. Padukone is the biggest movie star brand and No. 2 on the list just after Indian cricket captain Virat Kohli.For this collector’s issue on entertainment, Fortune India’s journalists looked at several aspects of the entertainment world to bring you stories not just of some of the biggest movie star brands—Ranveer Singh (brand value $63 million), Amitabh Bachchan ($41.2 million), and Alia Bhatt ($36.5 million) who we feature in this issue—but also of the latest developments in show business. If the battle in the OTT space is turning more interesting by the day, with even large movie producers like Eros International coming up with their own plans to take on giants Hotstar, Amazon Prime, and Netflix, this also means a great opportunity for newer writers, directors, cinematographers and others associated with the entertainment industry to showcase their talent. Indian audiences, now exposed to the finest in global entertainment through streaming channels, are hungry for genuine, quality content. Welcome to a whole new world.

February 2019 Issue Highlights: 
Our cover story this month tells you how TCS, for long the jewel in the crown in the House of Tata, is reviving up its digital business to take the company to the next level. TCS apart, a key highlight in this issue is also Fortune India’s annual list of India’s most profitable public sector undertakings (PSUs). The 2019 list of the 50 most profitable PSUs has some very interesting takeaways. The biggest one being the near absence of public sector banks in the list. While there were 17 banks in the 2015 list, contributing 21.24% to the aggregate gross profit, this year there are only three, who together contribute a measly 2.47% share to the total. This is evidence enough of the state of India’s public sector banks, something the government is also deeply concerned about. As our lists editor Rajiv Bhuva points out, on a sectoral basis, the banking sector’s gross profits fell 68.62% this year, while those of non-banking finance companies grew 10.46%. That’s a story in itself.

Move of The Year:
This issue cover story is on Walmart’s acquisition of Flipkart which is clearly what we at Fortune India call the ‘Move of The Year’. Team Fortune India tells why Walmart paid $16 billion for Flipkart to be part of the India story. The cover story apart, team Fortune India also does some crystal ball gazing and tells you what 2019 could hold for us, whether it’s business, politics, or entertainment. The big story to watch, ofcourse, will be the general election in middle of year. Happy New Year!

IF ONE WANTS TO TAKE A health check on corporate India, and hence get a glimpse of how the broader economy is looking, there are few better places to do that than the Fortune India 500 (FI500) listing of India’s largest corporations. Over the years, this list has demonstrated the ups and downs of India Inc, the challenges faced by companies in the wake of policy changes, and the way forward for the economy. This year’s listing, the ninth by Fortune India, takes a deep dive into the state of the country’s largest companies after what has arguably been a momentous fiscal year.
The FI500 has always been a mix of stories of success and failure, challenges and opportunities, and it’s no different this time. This year, in the following pages, we bring you stories of companies from diverse sectors which have either been able to succeed in facing business headwinds squarely or are in the process of executing their own plans for growth. There are also stories of rampant mismanagement and misdemeanour—like that in financial services company Infrastructure Leasing & Financial Services—where the government had to step in and take control and appoint an entirely new management team to stem a possible contagion effect on the country’s financial system.

Main highlights of Fortune India, December 2018 issue: This issue of Fortune India carries a cover story on ‘The Telecom War’. India’s three surviving telecom giants¬—Vodafone Idea, Bharti Airtel, and Reliance Jio—are fighting a bruising battle for the top spot in market. Airtel, which has been dislodged from the number one position in terms of subscribers by the newly-created Vodafone Idea, finds itself caught in the slugfest between Ambani and Birla. While Vodafone Idea will have to aggressively defend its turf and pump in funds to counter Ambani, Jio, on the other hand, is leaving no stone unturned, topping up its aggressive pricing with innovations to target the lucrative rural market which had so far been Idea’s strength prior to the merger. Mittal, India’s original telecom entrepreneur, will have to pull out some tricks from his bag if he is to hold on to his market share.
Talking of battles, we bring you the story of another another face-off which, despite a ceasefire for now, continues to simmer beneath the surface. That’s the one between the government and the Reserve Bank of India (RBI) over a host of contentious issues like systemic liquidity and the amount of the RBI’s reserves which should be transferred to the government.


Main highlights of Fortune India, November 2018 issue: This issue of Fortune India carries a cover story on ‘The Power of Data’. The abundant and low cost- availability of data is powering aspirations rooted in a digital world. Team Fortune India explore how data is transforming India. Another interesting read  is , how global technology company ABB is helping India leapfrog to the next level of Industrial manufacturing. In this issue we also bring you the 25 examples the A.I is changing business. Another highlight of this issue is the 2018 Fortune list of Future 50 companies, firms which showed steady execution and forward- looking strategic nimbleness.

Anniversary Issue: 8th Anniversary-
Eight years is not a very long time, but ever since Fortune India was launched in 2010, the enormous strides taken by the Indian economy and several significant developments in the corporate sector tell us that these years have been both dramatic and highly eventful. To give you a sense of this, elsewhere in this issue we bring you some of the key faces who grabbed headlines for various reasons—good and bad— and why we feel they made news.  In this eighth anniversary double-cover issue, we also get you the exclusive story of legendary former Cisco Systems boss John Chambers’ entry into the lucrative cybersecurity market in India, by way of an investment in Lucideus, the firm co-founded by ethical hacker Saket Modi. Other interesting read is our cover story of this anniversary issue which is on Maruti, a car brand synonymous with the vast Indian mass market. Ever since the carmaker started its journey nearly 35 years ago, it has managed to stay ahead of the competition with a smart mix of affordable models aimed at the middle-class buyer. Much of Maruti Suzuki India’s success can be attributed to its chairman, R.C. Bhargava, and, more recently, its razor-sharp strategist Kenichi Ayukawa, who is its chief executive. The Bhargava-Ayukawa duo has managed to beat intense competition of late and ensure the company stays firmly on the road to profitable growth. Consider some recent figures: Today, one in every two cars sold is a Maruti, its market capitalisation is over `2 lakh crore, and its 2017-18 net profit was a record `7,722 crore. Validation enough that the company is in fine fettle. However, as Debabrata Das and Prerna Lidhoo tell us the company managed this performance by undertaking some key tweaks to its strategy. Known primarily as a maker of no-frills, functional cars, the company decided to expand its horizon and move beyond hatchbacks to sedans and sports utility vehicles (SUVs). Happy reading!

WOMEN POWER:
IT’S ALWAYS A GOOD thing when lists like the Fortune India Most Powerful Women (MPW) in business see churn. After all, in a country of over 1.3 billion, there will be so many, many women who are making a mark in their chosen fields in the world of business, across sectors. And it’s only natural that they will, at some point or other, figure on the list as they grow their businesses and move onward in their journey. This year is one such year of churn: There are as many as 14 new faces, from a wide variety of sectors, and they are success stories in their own right. Whether it is Anupriya Acharya, CEO of media buying firm Publicis Media India who is steering the company through the new digital media age; or Chetna Gala Sinha, founder of Mann Deshi Mahila Sahakari Bank, a bank for rural women; or Falguni Nayar, the astute investment banker-turned-entrepreneur who has built a successful cosmetics business in Nykaa despite intense competition, these new faces give us hope that despite the enormous challenges which women face at work and at home, there are so many who are successfully breaking barriers and forging their own paths to success. Now in its eighth year, the Fortune India MPW list has 19 names that have figured in all editions, a sign of their continuing success and resilience as names to reckon with in the world of business. Topping the list this year is ace lawyer Zia Mody, whose legal acumen and clout in the world of business is legendary. Mody is also among the 19 who have been on the list in all eight years. Read on to find out final 50 names……….

This year, the wedding of Prince Harry and American actor Meghan Markle in May was a major subject of discussion not just in England but also across the world as millions watched the event live on television. There’s something about royalty. And it is with this in mind that we at Fortune India decided to focus on royalty as the central theme for this year’s luxury issue. For nearly a decade, the Fortune India luxury issue has tried to serve as a thinking person’s guide to consumption.” In keeping with that tradition, we picked out three of the world’s most exclusive businesses with a royal connection: milliners Lock & Co., perfumer Floris, and shotgun maker Purdey. It takes you on a fascinating journey into their world and brings you delightful anecdotes from these businesses. For instance, Gary Oldman wore royal perfumer Floris’ Special No. 127 while playing Winston Churchill in Darkest Hour since the fragrance was a favourite of Churchill. And hat maker Lock and Co.’s master hatter is an Indian by the name of Jayesh Vaghela. Luxury, to the connoisseur of the good life, is not necessarily about wearing or using expensive things. Real luxury is about pure whimsy, about picking up something just because you can. Just like royalty. This issue also marks an important milestone for us at Fortune India. It is the 100th issue of the magazine, and one which gives us a chance to stop for a moment and look back at the journey so far, the people, businesses, and issues we have written about ever since we started off in October 2010. And it’s been a wonderful ride for us bringing you those stories, even as the Indian economy and the markets registered one milestone after another. We’ve put together a 100th edition special package for you. Elsewhere in this issue, we also bring you the annual Fortune Change the World list, companies which are doing good while turning in a profit. Number one on this list of 57 companies from across the world is Reliance Jio of Mukesh Ambani.

THE FUTURE OF BUSINESS: We broke up the cover theme, into three parts. In the first part, we decided to take a close look at how Indian business groups—are future-proofing themselves against the background of what happened at one of the world’s most-admired conglomerates, General Electric, which saw a dramatic meltdown recently. Are there Indian versions of the GE collapse waiting to happen? Are Indian business groups strong and structurally sound enough to withstand the vagaries of competition and the risks of diversification? Or is there a need to reinvent the conglomerates model which many feel is broken?
Second important trend we discuss in the context of the future is the way Indian business families are choosing to deploy their surplus wealth. Family offices are emerging as a major tool by which India’s uber rich are attempting to increase their wealth. Many prominent business families have now set up robust family offices, with the next generation managing them, and are co-investing either with other family offices or even with angel investors who guide them on attractive investment options in the startup ecosystem. Many family offices are even open to the idea of taking over entire companies and running them. But the new-look family offices are much more than mere investors for families. They do a plethora of other things and are emerging as a key element of the Indian business landscape.
The third, and equally important, element in the discussion on the future of Indian business relates to whether India can emerge as the next big innovation hub. From clean fuel to artificial intelligence, from Royal Dutch Shell to Microsoft, India is becoming the chosen laboratory for a number of innovations which can power businesses in the future.
Other interesting read is story on how Indian VFX is coming of age, with companies like Prime Focus and actor Shah Rukh Khan’s redchillies.vfx emerging as important Indian names in the global entertainment space. 


May 2020

April 2020

15th March- The Next 500

March 2020

February 2020

January 2020

December 15, 2019  - March 14, 2020

December 2019

November 2019

October 2019

September 15, 2019- December 14, 2019 Special Quarterly Issue

September 2019

August 2019

July 2019

June 15, 2019

June 2019

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Fortune 500 is perhaps the best-known brand in business journalism and the ultimate hallmark of corporate success.

Launched in India in October 2010 in a licensed partnership between ABP Group of Publications & Time Inc., Fortune India retains the spirit of the global brand with respect to thought leadership and practice from across the world every month while adding an Indian dimension.

It is the only truly global business magazine dedicated to the global success of Indian business leaders, offering actionable insights to propel their businesses.

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Fortune India - September 2013

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