In the latest issue of The Knowledge Review, ‘The Visionaries Representing India Around The Globe,’ we explore the Visionaries who represent India

1. www.theknowledgereview.com
Vol. 02 | Issue 04 | 2023
Vol. 02 | Issue 04 | 2023
Vol. 02 | Issue 04 | 2023
India
Founder
and President
Creating the Medical University of the Future
Dr Thumbay MOIDEEN
Visionaries
The
India
Around
The Globe
The Importance of
Ethical Leadership
Factors Influencing
Visionary Leadership

4. I
Power
Purpose
Editor’s
Editor’s
Note
ndia has always been a
Icountry that has produced a
diverse range of visionaries
who have made their mark on
the world stage. These
visionaries represent the best of
India's culture, traditions, and
values and are proud
representatives of the country
throughout the globe.
The
of

5. India has a long and proud history of
producing individuals who have
made significant contributions to
their respective fields. These
visionaries are leaders in their own
right and committed to the
betterment of the country and its
people.
Their contributions have not only
brought recognition to themselves
but have also shone light on the
talent and potential of the Indian
citizens. They have shown that
anything is possible with hard work,
determination, and a commitment to
positively impacting society.
These visionaries have also been an
inspiration to the next generation of
leaders, who are now following in
their footsteps and striving to make a
difference in their respective fields.
They have set the bar high and
shown that one can use their talent
and resources to impact society and
inspire others to do the same
positively.
As we move forward, it is essential
to remember these visionaries'
legacy and continue to inspire the
next generation of leaders to
represent India with pride and
excellence. Therefore, in its latest
edition, 'The Visionaries
Representing India Around The
Globe,' The Knowledge Review
celebrates these visionaries who have
represented India around the world,
inspired generations, and made the
world a better place.
These visionaries have not only
made a difference in their respective
fields but have also contributed to
society as a whole. The journey of
these visionaries is not just about
their success but also their
perseverance, passion, and
dedication.
Have a fruitful read!
Anish David
฀Anish David

6. Creating Medical University of the Future
Dr Thumbay
Moideen
S t o r y
08
C o n t e n t s

7. Driving Innovative Solutions to Meet Today’s
Rapidly Evolving Retail and Sourcing Landscape
Deepika Rana
20
A Stalwart in Providing Equitable Services
Rajesh Kothari
26
Leading Transformation in Industrial Gases Business
Ranjit Nair
36
The Importance of
Ethical Leadership
Champions
of Change
16 Factors Influencing
Visionary Leadership
Charting
New Paths
32

8. People Behind
Magazine
this
Editor-in-Chief
Pooja Bansal
Co-designer
Paul Belin
Art & Design Head and Visualiser
Rahul Shinde
BDL
Priyanka Chaudhuri
BDE
Swati More
Sr. Vice President
Megha Mishra
Marketing Manager
Ashwini Pahukar
SME-SMO Executive
Yash Bhatt
Digital Marketing Manager
Renuka Kulkarni
Technical Specialist
Rajeshwari Avhad
Circulation Manager
Tanaji Fartade
February, 2023
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9. Brief
Name of the Personality Designation
Chief Executive Ofcer,
Ascend International School
Aditya Patil
With over 30 years of experience in supply chain
management at country, regional and global levels,
Deepika Rana is a strategic and analytical executive
who thrives on the challenges of the future.
Chief Operating Ofcer,
Li & Fung’s
Deepika Rana
A man of vision and dynamism with the determination
to succeed, Dr Thumbay Moideen is the Founder and
President of Thumbay Group, a diversified
international conglomerate headquartered at DIFC -
Dubai, United Arab Emirates (UAE).
Founder and President,
Thumbay Group
Dr Thumbay Moideen
As a scholar, Geeta Menon is known for her study of
consumer psychology, context effects in decision-
making, survey methodology, health risk perception,
and emotions. Her work has been published in leading
journals.
Professor,
Leonard N. Stern
School of Business
Geeta Menon
Mary Whabi is the Head of Strategic Initiatives and
Culture at Inventure Academy. She designs and
implements initiatives to drive the school's strategic
direction and fosters a dynamic and inclusive
learning environment.
Head-Strategic
Initiatives and Culture,
Inventura Academy
Mary Whabi
Rajesh Kothari is the visionary Founder and Managing
Director of AlfAccurate Advisors as well as the driving
force behind making it one of India’s most respected,
award-winning investment management firms.
Founder and
Managing Director,
AlfAccurate Advisors
Rajesh Kothari
Within seven years, Tariq Chauhan rebuilt EFS as a
billion-dollar enterprise. He transformed EFS from a
local company to a regional industry powerhouse.
Vice President,
Air Liquide
Ranjith Nair
Ranjith Nair is an accomplished Board Executive with
exemplary 25+ years of experience working in
family-owned, Fortune 500, start-up, and JV companies,
including 10+ years, contributing significantly at
C-level with multi-million/billion P&L ownership.
Co-founder and Group CEO,
EFS Facilities Services
Rena Gigool
As an Administration at Al Dobowi Group, Rena
Gigool is responsible for managing various
administrative tasks and ensuring the smooth running
of the company's daily operations.
Administration,
Al Dobowi Group
Tariq Chauhan
Aditya Patil started Ascend International School
along with his father. His aim was to establish a
school where learning is fun, and engaging and is
able to stretch every child individually.
Visionaries
The
Representing
IndiaAround
The Globe

10. Dr Thumbay Moideen
Founder and President,
Thumbay Group

11. Thumbay
MOIDEEN
Dr
Crea ng the Medical University of the Future
Medical educa on is
not just a program for
building knowledge and skills in its
recipients, it is also an experience
which creates a tudes and
expecta ons.
C o v e r S t o r y

13. GMU is a testament of a long and
distinguished success story of being the
region's only private Academic Health
System– delivering futuristic medical
education, playing an important role in
providing state-of-the-art healthcare
and promoting innovative research.
Our progress over the last 24 years has
been driven by the dedication of our
staff, students, and partners, in
addition to GMU's philosophy of
constant innovation and above all, the
Grace of the Almighty. We have also
received excellent support from the
government throughout this journey."
Gulf Medical university boasts a
student-bank of over 3000 students
from more than 90 different
nationalities, offering 29 accredited
Undergraduate and Graduate programs
run by the six constituent colleges in
the field of medicine, dentistry,
pharmacy, nursing, biomedical
sciences, healthcare management and
economics. Graduate programs are
offered in public health, physical
therapy, endodontology, periodontics,
clinical pharmacy, drug discovery
development, healthcare management
and economics, health professions
education and medical laboratory
sciences.
"Our Bachelor of Medicine and
Bachelor of Surgery (MBBS) Program
outcomes are aligned to the World
Federation of Medical Education
(WFME) Standards. Our Bachelor of
Biomedical Sciences Program is
accredited by the Institute of
Biomedical Science (IBMS), UK and
our PharmD Program is certified by
Accreditation Council for Pharmacy
Education (ACPE), USA. Our hospitals
are JCI accredited, and our
Laboratories are CAP accredited,
signifying that we give high priority to
the quality. The national, international,
Emirates' economy. Dr Moideen
proposed an educational institution
modelled on the likes of a similar
establishment he had seen in the state
of Karnataka in India. The plan was
highly appreciated, and he was soon
invited to initiate and lead the creation
of a medical academic center in
Ajman.
While Dr Moideen had no prior
experience about this segment at the
time, he saw a great potential in the
inherent idea and decided to pursue it
and scale up further. A year later, Gulf
Medical College was established, and
ever since it has grown leaps and
bounds and become one of the most
sought-after private medical
universities in the GCC region. 60 per
cent of the health professionals trained
in the UAE are alumni of this
prestigious university. It's not only
doctors, but also nurses, dental,
physiotherapy, among others.
Emphasizing on the evolution and
development of the Gulf Medical
University in terms of buildings, staff,
students and scientific and educational
degrees, Dr Moideen states, "From
humble beginnings as the region's first
private medical University, today
Health care
is vital to
all some of the
me, but public
health is vital
to all, all of
the me.
Healthcare is the
future. Though
the current
healthcare system suffers from
many challenges. While
functionally adequate there are
several shortcomings that become
a major obstacle when the system
is under a lot of pressure. These
issues are not only of deficient
healthcare facilities but also in the
form of a severe lack of healthcare
professionals.
One of the individuals who is
addressing these challenges and
constructing a brighter future for the
healthcare industry is Dr Thumbay
Moideen, Founder and President of
the Thumbay Group. He established
the Gulf Medical University (GMU),
which provides the full spectrum of the
health education system. Backed by an
array of collaborative healthcare
programs, a fully owned and managed
private academic hospital, and state-of-
the-art infrastructure, Gulf Medical
University's educational model is one
of the biggest success stories in the
MENA region.
Established by Dr Moideen, the
inception story of Gulf Medical
University (GMU) has become
legendary in business circles across
UAE. It all began in the year 1998
when Dr Moideen had a chance
meeting with a member of Ajman's
royal family, who asked him for ideas
on projects that could help boost the
The Visionaries Represen ng India Around the Globe

14. and regional engagements exceed 70
collaborations with top international
universities in Europe, United States,
Japan, Malaysia, and Far East," briefs
Dr Moideen.
The Thumbay Research Institute of
Precision Medicine Research is the hub
for postgraduate studies in Biomedical
Sciences, translational research, and
innovation. The university is also
offering Doctor of Philosophy in
Precision Medicine in collaboration
with Université Paris Saclay. At Gulf
Medical University, the unflinching
commitment to quality of education
provided and the world-class
infrastructure and facilities ensure that
students gain the best professional
knowledge. Furthermore, the
university's unique Summer Training
Program readies its students to deal
with professional challenges, in
addition to widening the horizons of
their knowledge and providing them
the potential of unrivalled
employability.
A Revolutionary Way to Educate
Since Gulf Medical University has
been a pioneer in the health professions
higher education segment as first
private academic institute, GMU has
paired the 'right' courses with the
'right' formats to build students' career.
Gulf Medical University is full of
opportunities for students aspiring to
make a career in health professions.
From short-term courses, full-fledged
degrees to tie-ups with other
international colleges, students gain
learning in an environment that
emphasizes on 'learning through
doing.' The University presents a
dynamic curriculum, which provides
excellent clinical training, integrates
the health sciences with clinical
experience, and utilizes modern
technology. GMU is also one of the
most in-demand medical universities in
the Middle East region, which gets
around 8000 applications every year.
Moreover, students benefit with
adequate opportunities to showcase
their achievements through student
activities, interprofessional skills,
sporting and cultural events that train
them to be multi-disciplinary experts.
Other benefits provided to the students
include: Clinical training sites of
unmatched quality at 8 hospitals, 10
clinics, 5 labs and 48 pharmacies and a
total of 700 beds; tie-ups with other
local entities as clinical training sites
with over 400 qualified faculty, doctors
and adjunct faculty who provide one-
on-one clinical training to students and
quality care to the patients of UAE;
access to technological platforms and
an outstanding infrastructure for
research on imaging, functional
genomics, sequencing with NGS
facility.
In terms of advancing healthcare in the
UAE and globally, GMU has launched
the establishment of the first liquid
biopsy facility in the region, the zebra
fish and a platform for drug discovery
and development. This has led to
achieving its position as a leader in
research in medical education in UAE
and the entire region with 70 per cent
of all papers published in medical
education in the UAE coming from
GMU.
Incorporating real-world applications
into students' lesson plans, using
adaptive learning tools to personalize
their courses, and easily accessible
platforms for group learning, Gulf
Medical University is known for
offering stronger student support,
integrated technology platforms, and
structured course road maps. In
parallel, the institution also offers
Medical
educa on
does not exist to
provide students
with a way of
making a living,
but to ensure the
health of the
community.
robust technology infrastructure, such
as artificial intelligence and virtual
reality, to overall enhance health
professions education, thereby creating
exceptional learning experiences for
the students.
Highly qualified academicians and
experienced practitioners train the
students. Teaching methods include
traditional lectures, group projects,
individual work, practical laboratory
sessions and clinical training. GMU's
emphasis on research and clinical
training drives on the idea of emerging
as one of the leading research-based
universities in the region. The students
at Gulf Medical University are given
the opportunity to learn from the best
faculty in classrooms, gain first-hand
on-job insights at the teaching hospital
of the group, develop their awareness
of healthcare business operations, and
enhance critical patient-management
skills, such as positive inter-profession
collaboration and communication.

16. The research-based approach to
learning, early exposure to clinical
cases and patients and being mentored
by some of the leading professionals-
cum-academicians gives Gulf Medical
University graduates the competitive
edge over the others. "Our prolific
team headed by the chancellor of Gulf
Medical University, Professor Hossam
Hamdy, teachers and doctors ensure
that students receive first-hand training
at our teaching hospitals, assist in
developing critical and reasoning skills
that will be assets to their personal
growth going forward," adds Dr
Moideen.
Moreover, the university's Alumni
Society provides support to new
graduates in their career-search,
through personal/career counselling,
help in CV/resume preparation,
empowering them for handling job
interviews, preparing documents for
residency programs and employment,
referring to alumni who can act as
mentor/adviser regarding post-graduate
Wherever the art of medicine
is loved, there is also a love
of humanity.

17. training. In addition, a big lot of GMU
alumni are pursuing high-flying
medical careers in USA, UK, Middle
East countries, Canada, Australia,
India, and Pakistan, etc. Many of the
students also enroll for higher studies,
in their chosen areas of specialization.
Around 22 per cent of its graduates are
admitted to US medical schools for
further training.
A University That Celebrates
Diversity, Nurtures Global
Ambitions
The Middle East region today has
several opportunities for well-trained
healthcare professionals. The
healthcare sector of the region is
witnessing dramatic changes in scope,
expansion, and investments. In the
UAE alone, Gulf Medical University
and its network of pioneering teaching
hospitals train around 60 per cent of
the medical professionals in the
country.
Some of the key offerings for an
international student include
internationally recognized curriculum,
own teaching hospitals at Ajman,
Dubai, Sharjah & Fujairah established
research division, innovation centre,
state-of-the-art simulation dental
laboratories, simulation centre/clinical
skills lab, library community health
programs and clinical training at
different sites across the UAE. All
programs are approved and accredited
by Ministry of Higher Education and
Scientific Research (MOHESR), hostel
and sports facilities, student cohort
from over 90 Countries, most modern
computerized testing centre, great
career prospects, well-organized
alumni network of highly placed
healthcare professionals around the
world and more.
Gulf Medical University's student
affairs department acts as a bridge to
reflect the needs of international
students to university administration.
"We aim to enhance international
student experience, promote cultural
diversity and inclusivity in Gulf
Medical University through events and
service. It helps, furthermore, to
involve students in the University
community by providing appropriate
student organizations, activities,
publications, and opportunities for
interaction with faculty, staff, and
peers outside the classroom," speaks
Dr Moideen.
The office of Student Affairs
coordinates all matters concerning
Graduate Student Council, Student
Welfare, Career Guidance, Alumni
Affairs, Student Health, Placement,
Student Discipline, Residential Halls,
Transportation, Student Publication,
Student Activities and Sports. Students
may approach the Dean/Associate
Dean – Student Affairs to resolve
issues regarding student affairs and
student support services.
The country's visionary leadership has
established an excellent education
system. The universities attract
overseas students in large numbers on
account of their modern, state-of-the-
art infrastructure, most advanced
curriculums, economic tuition fees and
expenses, the futuristic/cosmopolitan
image of UAE's cities, the remarkably
low crime rates, and more. With the
UAE gaining precedence for its world-
class healthcare ecosystem, so has its
popularity with students for health
professions education. Medical
tourism, too, has grown to become a
significant pillar of the UAE's
healthcare strategy.
A report by Euromonitor International
has forecast that the UAE's medical
tourism revenues will touch Dhs19bn
by 2023, particularly with the
government enabling its growth. These
offerings reflect how the healthcare
delivery system and subsequently the
requirement for qualified healthcare
professions is projected to see an
upward demand.
Envisioning a World Class Future
At Thumbay Group, a world is
envisioned in which the development
of societies center on community-
focused education, health, and
wellness-which are appropriate metrics
of the prosperity of a country. The
organisation is inspired by the
country's leadership and vision who
have continuously raised the bar for
development across every sector and
are honored to have developed
alongside the country.
Going forward too, it would like to see
itself delivering world-class and
integrated services for the community
of UAE and beyond.
Advice for Upcoming Leaders
"My best advice for anyone starting a
business would be to identify a widely
shared pain point that nobody else has
solved and create the best solution for
it. From there, you can build
complementary products and services.
Gulf Medical University is an example,
where we started with the aim to boost
education in the emirate of Ajman, get
more young people to visit the place on
daily basis and built multi-diversified
Thumbay Group from there," Dr
Moideen concludes.

18. Importance
Leadership
Ethical
|February 2023
16
The
of

19. E
Champions of Change
The Knowledge Review | 17
thical leadership is rooted in
Eintegrity, honesty, and a
commitment to doing the right
thing, even when it's difficult or
unpopular. It's about leading by example
and creating a culture of trust and
transparency within an organisation.
Ethical leaders prioritise the well-being of
their employees, customers, and other
stakeholders rather than their own self-
interest.
Ethical leadership can profoundly impact
an organisation, both internally and
externally. Internally, it can create a sense
of purpose and meaning for employees
who feel their work contributes to the
greater good. It can also lead to increased
engagement, loyalty, and commitment
among employees, who are more likely to
be motivated by a leader who models
ethical behaviour.
Externally, ethical leadership can enhance
an organisation's reputation and
credibility. When customers, partners, and
other stakeholders see that an organisation
is led by ethical leaders who prioritise
integrity and transparency, they're more
likely to trust and support that
organisation. This, in turn, can lead to
increased loyalty, repeat business, and
referrals.

20. What is Ethical Leadership?
Ethical leadership is a leadership style
that prioritises ethical principles,
values, and behaviours. Ethical leaders
act with integrity, fairness, and respect
for the dignity and rights of all
individuals. They make ethical
decisions and inspire others to do the
same. Ethical leaders also create a
positive work culture that promotes
ethical behaviour, transparency, and
accountability.
Furthermore, ethical leadership
involves prioritising the organisation's
and its stakeholders' long-term interests
over short-term gains. This means
considering the ethical implications of
decisions and actions, even if they may
not immediately benefit the
organisation's bottom line.
Ethical leadership is not just about
following the law or adhering to a set
of rules. It goes beyond compliance
and involves a commitment to moral
values and principles that guide
decision-making and behaviour.
Ethical leaders are driven by a moral
compass and use ethical principles as a
framework for decision-making.
Ethical leaders also prioritise the well-
being of their employees and create a
work culture that fosters trust, respect,
and transparency. They recognise that
employees are not just a means to an
end but individuals with their own
goals, aspirations, and values. Ethical
leaders prioritise their employees'
personal and professional growth,
create opportunities for learning and
development, and foster an
environment where individuals feel
valued and respected.
Ultimately, ethical leadership is about
doing the right thing, even when it's
difficult or unpopular. It involves
taking responsibility for one's actions,
being accountable to others, and
striving to impact the world positively.
Ethical leaders are not perfect, but they
are committed to learning, growing,
and creating a work culture that reflects
their values and principles.
Ethical leadership is more critical than
ever in today's complex and ever-
changing business landscape. It is not
just a nice-to-have but an essential
component of organisational success
and sustainability. By prioritising
ethical principles and behaviours,
leaders can create a culture of trust,
respect, and accountability and inspire
their employees to do the same.
The Importance of Ethical
Leadership
Ethical leadership is crucial for the
success and sustainability of any
organisation. It fosters trust,
accountability, and transparency.
Ethical leaders set the tone for the
organisation, and their behaviour and
values influence the behaviour of
others. When leaders act with integrity
and make ethical decisions, they
inspire trust and confidence in their
followers. This, in turn, creates a
positive work environment and fosters
a culture of ethical behaviour.
Ethical leadership also promotes
positive change. Leaders who act
ethically and promote ethical
behaviour are more likely to be
perceived as credible and trustworthy.
This, in turn, increases their ability to
influence and persuade others to adopt
ethical behaviours and values. Ethical
leaders can also inspire their followers
to act in the best interests of the
organisation and society as a whole.
Cultivating Ethical Behaviour in
Leaders
Cultivating ethical behaviour in leaders
requires a commitment to ethical
principles and values. Ethical leaders
must first recognise the importance of
ethical conduct and commit to acting
with integrity and promoting ethical
behaviour in others. This requires
understanding moral principles, such
as honesty, fairness, respect, and
responsibility.
Ethical leaders must also create a
culture that supports ethical behaviour.
This involves promoting transparency,
accountability, and open
communication. Ethical leaders must
be willing to listen to feedback,
address concerns, and take
responsibility for their actions. This
creates a culture of trust and respect
that promotes ethical behaviour and
values.
Leading with Integrity
Leading with integrity requires a
commitment to ethical principles and
values. Ethical leaders must act with
honesty, fairness, and respect for
others. They must make decisions that
are in the best interests of the
organisation and society as a whole.
This requires a willingness to stand up
for what is right, even when it is
difficult or unpopular.
Leaders must also be accountable for
their actions. They must take
responsibility for their decisions and
actions and be willing to admit
mistakes and learn from them. This
promotes trust and transparency and
fosters a positive work culture.
Ethical leadership is crucial for the
success and sustainability of any
organisation. Ethical leaders inspire
trust, create a positive work culture,
and foster positive change. Cultivating
ethical behaviour in leaders requires a
commitment to ethical principles and
values. Ethical leaders must create a
culture that supports ethical conduct
and values and lead with integrity,
honesty, and respect for others. By
doing so, they can inspire trust,
promote positive change, and create a
better world for all.
|February 2023
18

22. DeepikaRANA
In the midst of all the discussion
about leadership, the best
development that the world is
currently witnessing is the outstanding
surge in gender diversity across
entrepreneurial and senior leadership
roles in the business and corporate
worlds, and that deserves to be
admired. Whatever the industry or
sector, women who have broken free
from the constraints of social structures
have made significant progress. They
are now prominent contributors to a
company's generation of effective,
creative, and profitable business ideas.
They also lead their organisations in
such a way that it attracts a talented
workforce and encourages long-term
business growth.
With over 30 years of experience in
supply chain management at the
country, regional, and global levels,
Deepika Rana is a strategic and
analytical executive who thrives on the
challenges of the future. Deepika is the
Chief Operating Officer of Li &
Fung, the worlds largest Supply Chain
orchestrator. Her key focus in this role
is to leverage Li & Fung's scale and
integrating its diverse services to create
You have to
continuously
review your
business model
to make sure it's
fit for purpose and
has the flexibility
to adapt to the
constantly
changing
environment.
a keenly focused customer-centric
offering. She is also responsible for
defining strategic goals, championing
innovative solutions and driving
business growth for Li & Fung and its
customers and vendors.
Li & Fung is a 116-year-old company
with a global footprint in 40
economies. Headquartered in Hong
Kong, it continues to adapt, grow and
thrive in todays everchanging
environment. Deepika joined Li &
Fung in 2003 and throughout her
career, she has witnessed major
changes in the industry, from the
shifting geopolitical landscape to
technological advancements and
changing consumer behaviours. She
was promoted to Executive Director to
lead the teams in the Indian
Subcontinent and Sub-Saharan Africa
in 2014 and oversaw US $2.2 billion in
turnover across nine production
countries. Her goal as Chief Operating
Officer is for Li & Fung to be the
anchor in the supply chain ecosystem
by enabling growth, profitability, and
risk mitigation for its stakeholders as
the company navigates a disrupted and
volatile future.
Deepika has supply chain management
experience at country, regional, and
global level. With India as her home
country, she possesses strong
knowledge from a country perspective
and understands the value of having
boots on the ground.
Driving Innovative Solutions to Meet Today's Rapidly
Evolving Retail and Sourcing Landscape
The Visionaries Representing India Around The Globe
|February 2023
20

23. Deepika Rana
Chief Operating Officer,
Li & Fung
21
The Knowledge Review |

24. This is critical in todays environment
as the centre of gravity shifts towards
to production countries in global
sourcing. Deepika began her career in
J.C. Penney's Purchasing Corp. in India
after graduating from the University of
Delhi in India with a Master of Arts
degree in Business Economics. Prior to
joining Li & Fung, she was the
managing director of May Department
Stores in India. She recalls the past
when Indian executives who have
dominated the global scene were
predominantly in the IT and consumer
sectors, and she is proud to be
representing India in the apparel and
sourcing industry. In her role, Deepika
is always exploring innovative
solutions and value-added strategies to
support the business, customers, and
vendors.
India is my home
country, and I
am proud to
represent and
raise awareness
for India's huge
growth potential
as I continue to
build in this
leadership role
at a global
supply chain
company.
|February 2023
22

25. Li & Fung
Li & Fung's aspiration statement is:
"To deliver value in global supply
chains by living our values around
people, partners and planet." The
company's core values are: Humility,
Entrepreneurship and Family.
Li & Fung has been managing global
supply chains in over 50 markets for
116 years. The company stands out for
having the highest level of scalability
and flexibility in the sector. Its on-the-
ground presence as well as its deep
relationships with local vendors,
government regulators, and business
communities help mitigate some of the
risks so present today for both
customers and vendors. "Our flexible
global solutions give us direct and
overlapping economic and geo-
political disasters, are impossible to
predict and have shaken not only the
foundations of retail profitability but
also the foundations of the supply
chain, and these are not times for the
fainthearted. She states, "To navigate
and lead in these times requires
leadership grit, courage, and the
foresight to rebuild for a sustainable
future." She further mentions that
challenges do come with opportunities,
and the only way one can overcome
them is to tackle challenges head-on
and overcome them by discovering the
opportunities that lie beneath.
Potential for a Leading Global SME
Industry in India
The COVID-19 outbreak severely
impacted India's economy. SMEs were
given major relief measures, however
many of these were short-term
financial and monetary aid. According
to Deepika, in order to improve India's
global competitiveness in the sourcing
landscape, Indian SMEs will require
more sustained support.
real-time insights and have enabled us
to pivot quickly to new geographies as
soon as we perceive risk and
disruption," says Deepika. With a
transparent and digitised supply chain,
the company can share data across the
entire value chain to make smarter,
faster, and more effective decisions for
its customers.
Adapting to Change
For Deepika, working in the supply
chain sector has never been
monotonous. She has worked in supply
chain management for 30 years and has
seen significant changes in the sector.
However, the business has been
dealing with more dramatic and
turbulent situations in recent years. The
pandemic has taught us that disruption
is a constant, which is one of its most
important lessons. Deepika believes
that to help Li & Fung and its
stakeholders navigate these
disruptions, the only way to overcome
them is through strong, resilient, and
courageous leadership. She observes
that the current tsunamis of
23
The Knowledge Review |

26. Deepika believes that India has the
chance to go on a high-growth
trajectory in the upcoming years. The
country is a rapidly developing
industrial nation with access to vital
resources including land, water, power,
and labour, as well as favourable
regulatory environments for the growth
of the textile and garment sectors.
With a very youthful, mobile and agile
population, India has built a very
strong and highly skilled workforce
with competitive labour rates. Its
presence at all levels of the
manufacturing value chain (from fibre
to finished goods) gives India the full
potential to grow. She proudly
mentions, "India is my home country,
and I am proud to represent and raise
awareness for India's huge growth
potential as I continue to build in this
Critical Importance of ESG
Deepika envisions that the future will
place a greater emphasis on ESG. The
retail and the supply chain industry as
a whole have experienced waves of
economic and geopolitical upheavals in
recent years. Climate change issues are
becoming more prominent as a result
of extreme and unusual weather
phenomena. The necessity of creating a
more inclusive society and workplace
has been highlighted by social
movements. A growing number of
businesses are demonstrating their
dedication to creating a sustainable and
inclusive future – and Li & Fung will
continue advocating for robust
economies, societies, and ecosystems.
Deepika believes corporate leaders
must rise to the occasion and take on
this critical issue.
leadership role at a global supply
chain company."
Leading with Transparency and
Determination
As a leader herself, Deepika's advice
for upcoming leaders is to always keep
in mind that change is constant. She
asserts, "You have to continuously
review your business model to make
sure it's fit for purpose and has the
flexibility to adapt to the constantly
changing environment." She also adds
that trust and transparency are critical
between one's employees, customers,
and other stakeholders, so always
maintain clear and honest
communication. She believes in
conducting businesses that strike a
balance between making profit,
representing underserved communities,
and protecting the planet.
|February 2023
24

28. W
Kothari
A Stalwart in Providing
Equitable Services
ealth and ethics might
Woften seem to be at odds
with each other, but it’s the
core of Rajesh Kothari's business. He
is the Founder and Managing
Director of AlfAccurate Advisors, an
investment management company
located in the heart of Mumbai. The
company caters to family offices, High-
Net-Worth Individuals, and Ultra High-
Net-Worth Individuals.
a resilient and performance-rich history
spanning more than a decade. The firm
follows the principle of Protect
Capital, Create Wealth. It has
received the award for the best
nd rd
performance (2 Rank and 3 Rank)
across categories on Risk Adjusted
Returns for two consecutive times,
given by PMSAIF world based on data
analysis done by the prestigious IIM
Ahmedabad.
Rajesh has more than 25 years of rich
experience in the Indian capital market
with deep expertise in Long Only &
Long Short investment strategies. He
has developed and implemented AAA's
unique Radically Resilient investment
ethos and 3M investment philosophy in
order to consistently achieve better
risk-adjusted returns over the past 12
years.
Rajesh has an eye for detail and his
process-driven approach results in the
most optimal investment decisions.
Rajesh is a respected market expert,
frequently appearing on CNBC TV18,
Trust, Integrity, and Passion are the
foundation of AlfAccurate Advisors
(AAA) – principles that Rajesh and his
team strongly adhere to – which
continue to pave the way for the
company to grow, as existing
customers recommend new ones.
Today, the company is an award-
winning SEBI-registered PMS &
investment advisory firm in India with
Rajesh
We have always
been ethical, honest, and
upfront with our clients, which
resulted in our existing clients
recommending other clients.
The Visionaries Representing India Around The Globe
|February 2023
26

29. Rajesh Kothari
Founder and Managing Director,
AlfAccurate Advisors Pvt. Ltd.
27
The Knowledge Review |

30. TimesNow, and Bloomberg, attracting
the attention of millions of investors
across the nation. Additionally, he has
delivered the keynote address at a
number of international conferences
and summits, including The World
Council for Corporate Governance,
the Institute of Directors, the
TradeTech Asia Conference, and the
Maharashtra Economic Summit.
Rajesh has previously worked as a
fund manager at DSP Merrill Lynch
Fund Managers (now DSP Mutual
Fund) before founding AAA. Their
AUM increased from USD 100 million
to an astounding USD 1.5 billion
during his leadership. Rajesh also
received the CNBC TV18 - CRISIL
Mutual Fund of the Year Award in
2006 for his outstanding performance.
He was also designated as the
'Platinum Fund Manager' by the
Economic Times for the DSPML
Equity Fund on a risk-adjusted return
basis (July 2006). The fund house also
won the Lipper India Fund award for
the Best Equity Fund Group for three
years.
CMIE institute and photocopied
relevant industry articles.
As a consumer analyst, he dropped by
Crawford Market frequently to analyze
the trends in new product launches.
Similarly, he used to type down the
entire financial statements of
companies in excel. "While it was
laborious, it helped me analyze
effectively as one can instantly connect
the dots," Rajesh says. Additionally, he
also got a chance to interact with some
of the best Chief Investment Officers in
the country.
Later on, upon witnessing the dynamic
and ever-changing nature of the equity
markets, Rajesh started enjoying the
field and thought to shift to the buy
side, where he was in charge of
managing the investment funds and
making investment decisions. He
joined Blackrock, where he learned
fund management in detail under the
leadership of Mr S. Nagnath and Mr
Anup Maheshwari. "Here, I was
conferred with the Platinum Fund
Manager of the Year and Gold Fund
Manager of the year awards by the
Economic Times," Rajesh shares.
After working for fifteen years, Rajesh
thought of venturing out on his own
and started his own investment fund
during the financial crisis of 2009.
Today, his company is one of the few
PMS houses with thirteen years of
track record, an essential criterion for
managing money for large family
offices. Furthermore, it has received an
award for being one of the Top three
PMS companies in the country on a
risk-adjusted return basis for ten years
of performance, two years in a row.
Rajesh expresses his gratitude, "It is
the customers’trust in me and our firm
that inspires us to keep pushing beyond
limits. The journey so far has been
enriching, with the fund growing to
~USD 160 million right now, and the
A true humanitarian and champion for
the underprivileged, Rajesh is actively
associated with the 'Arham Yuva Seva
Group,' an organisation dedicated to
resolving some of the most important
problems facing today's young.
Let us dive into Rajesh's journey of
generating wealth through equity.
Journey of Equity
Rajesh reminisces, "I have been in the
Indian equity markets for more than 25
years. I still remember how I first
encountered the stock markets – my
mother used to give me Vimal coupons,
which she used to receive since she
was a shareholder of Reliance."
After finishing his education, Rajesh
initially started off on the sell side of
equities, where his role entailed the
preparation of reports on different
stocks and companies. During those
days, information was not readily
available, and the database software
industry was still evolving. For his
secondary research, he visited the
AlfAccurate is guided by three core
values Trust, Integrity, and Passion. That
showcases our commitment to our clients, our
team, and the community at large and
reminds us what matters the most. These values
foster a results-driven and people-focused
culture at our firm.
|February 2023
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31. company having 13 employees and still
growing."
World Class Advisors
The vision of AlfAccurate
Advisors is to become the
most admired investment
advisor in the world. Its
mission is to provide the
best in class services to
its clients and to ensure
client satisfaction in all
areas of its business.
The company is
guided by three core
values – Trust,
Integrity, and
Passion. That
showcases its
commitment to its
clients, its team, and
the community at large
and acts as a reminder of
what matters the most.
These values foster a
results-driven and people-
focused culture at the firm:
Ÿ Relentlessly Pursue
Excellence: Bring the best of
yourself to each interaction
with your work and with your
clients.
Ÿ Remain Constantly Curious: A
forward-looking, ever-learning,
tenacious and thorough approach
should drive creativity and growth
for clients and yourself.
Ÿ Always Act Ethically: A principle-
based decision-making and high
standards of corporate governance
ensure that the client's best interests
are always kept in mind.
Word of Mouth Growth
Entrepreneurship is challenging. The
word 'PMS' was not widely recognized
and respected during the time Rajesh
started. Hence, he and his team put in a
lot of time and energy to explain to
investors the concept of PMS. Despite
their efforts, many used to refrain from
investing in equities. However, with
perseverance, they were slowly and
steadily able to grow by fostering their
relationship with existing clients, due
to increasing trust in their company's
services.
The name of the company spread
eventually by word of mouth. Rajesh
says, "We have always been ethical,
honest, and upfront with our clients,
which resulted in our existing clients
recommending other clients. We have
seen some ups and downs, but we are
able to sleep peacefully at night since
we always keep the client’s interest
first."
On the Global Stage
Rajesh’s representations at the global
platforms usually pertain to
governance, investments, finance,
economics, and related disciplines. He
is invited to present his views on the
29
The Knowledge Review |

32. economy or the capital markets and
guide the viewers on how to make
better financial decisions. So far, he has
been invited to the following events to
speak:
Ÿ Invited to Maharashtra Economic
Summit to present views on Indian
Infrastructure.
Ÿ Invited by the Institute of Directors
to present views on Governance
Deficit.
Ÿ Invited by World Council for
Corporate Governance to present
views on Governance.
Ÿ Elected on the advisory panel of the
World CSR forum.
Ÿ Invited by the Institute of Chartered
Accountants of India UAE (Dubai)
to present outlook on Investments.
Having spoken and gained experience
at a global level, the major difference
that Rajesh finds between the Indian
and foreign education space is the way
of teaching. He explains, "Abroad, the
education system is more application-
based with teachers focusing on
ensuring that students apply the
concepts learned correctly. On the
other hand, in India, the education
system lays more emphasis on concept-
based learning, which aims to teach a
wide variety of concepts across a
range of disciplines to students. Each
style has its strengths and weaknesses
and carves out differently in different
students."
Communicating India's Growth
Prospects
One major factor that motivates Rajesh
to keep representing India at the global
level is the lack of awareness about
India's growth story and growth
prospects. Currently, India attracts
significantly lower FDI as compared to
China – presenting a huge investment
opportunity. Many advantages play a
role here – a vibrant democracy, the
right demographics, a strong legal
framework, and an increasing
fortunate, some of which are
specifically targeting families and kids
in Maharashtra." ARHAM's activities
include waste collection, education in
Indian rural areas, healthcare and
dialysis centers, and so on.
Future and Advice
For AlfAccurate Advisors, Rajesh
envisions a future of being an admired
investment advisor globally. He wishes
to see his company recognized for its
values and culture. He also wishes that
his company becomes globally reputed
for being one of the most ethical and
trustworthy investment management
companies.
Rajesh concludes by sharing a piece of
wisdom for the new rising leaders in
the industry, "Remember – Rome was
not built in a day. Perseverance, that
is, consistent efforts would lead you to
your goal and pave the way for your
bright future."
entrepreneurial culture. Certain
indicators, such as the growth in PLI,
reducing inflationary pressures, and a
strong and resilient economy, make
India an attractive business hub.
Rajesh says, "Increasing awareness
about the same could probably lead to
an increase in demand for Indian
goods, thereby further enhancing
Foreign Direct Investment. I
recommend future leaders follow their
passion, find out their niche, and do
their best at that niche. Doing so would
immensely add value to them and also
add value to several stakeholders
interested in knowing the initiatives of
such leaders."
Community Giving
Rajesh thinks that the company has an
inherent duty to not only enhance the
lives of its clients but to enrich the
communities in which they live
through volunteerism, civic
engagement, and philanthropic
initiatives. Consequently, AlfAccurate
Advisors has a long history of giving
back to the community.
Rajesh remarks, "We are proud to
support initiatives by ARHAM (a
registered non-profit) that offers
tremendous services to the less
Remember – Rome was not built
in a day. Perseverance, that is, consistent
e orts, would lead you to your
goal and pave the way for your
bright future.
|February 2023
30

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34. Factors
Visionary
compelling personal vision that guides
their actions and decisions. This
personal vision serves as the
foundation for the leader's
organizational vision, providing a
roadmap for the leader to inspire and
motivate their followers towards a
shared goal.
Having a personal vision allows a
leader to communicate their values and
beliefs to their followers and helps
them to understand how they fit into
the bigger picture.
Visionary leadership is an
important leadership style that
has gained popularity in recent
times. This type of leadership is
characterized by leaders who have a
clear and compelling vision of the
future and who are able to inspire and
motivate their followers towards
achieving this vision.
Personal Vision
Personal vision is a critical factor that
influences visionary leadership. A
visionary leader must have a clear and
|February 2023
32

35. Charting New Paths
The Knowledge Review | 33

36. By having a personal vision, a leader
can connect with their followers on a
deeper level, building trust and
inspiring loyalty.
Personal vision also enables a leader to
be authentic in their leadership style.
Authenticity is vital in inspiring
followers, as it allows leader to build
trust and credibility with their
followers.
Emotional Intelligence
Leaders who possess high emotional
intelligence have the ability to
recognize, understand, and manage
their own emotions, as well as the
emotions of others. This skill allows
them to connect with their followers on
a deeper level, building trust and
inspiring loyalty. Emotional
intelligence enables a leader to respond
appropriately to the needs and
emotions of their followers, which is
essential for motivating them towards
achieving the shared vision.
Leaders with high emotional
intelligence are adept at managing their
own emotions. They can remain calm
and composed even in high-pressure
situations, which allows them to make
rational decisions and communicate
effectively with their followers. This
ability to regulate their own emotions
enables them to stay focused on the
long-term goals of the organisation,
despite any short-term setbacks or
challenges.
Creativity and Innovation
A visionary leader must also be
creative and innovative. They must be
able to think outside the box and come
up with new and unique solutions to
problems. This requires a willingness
to take risks and a tolerance for failure.
A leader who is not willing to take
risks or tolerate failure may miss out
on opportunities for innovation and
growth.
Strategic Thinking
Visionary leaders must also be
strategic thinkers. They must be able to
see the big picture and anticipate future
trends and challenges. This requires a
deep understanding of the
organisation's strengths and
weaknesses and the external
environment in which it operates. A
leader who lacks strategic thinking
skills may be unable to develop a clear
and effective vision for the future.
Communication Skills
Effective communication is another
factor that influences visionary
leadership. A leader who is able to
communicate their vision clearly and
persuasively is more likely to inspire
their followers towards achieving that
vision. This requires strong verbal and
written communication skills and the
ability to listen actively and respond
appropriately to feedback.
Adaptability
A visionary leader must be able to
adjust their vision and strategy in
response to changing circumstances.
They must be willing to be flexible and
open-minded, as well as the ability to
learn from mistakes and failures. An
adaptable leader is one who can
navigate through unpredictable
situations, deal with unexpected
obstacles, and still find ways to achieve
their goals.
In today's fast-paced and ever-
changing business environment, the
ability to adapt is essential for leaders
to remain competitive and successful.
Leaders who can adapt to change
quickly and effectively can keep their
organisation relevant, innovative, and
profitable. By embracing change,
visionary leaders can open up new
opportunities for growth, attract new
customers, and improve overall
organizational performance.
Courage and Resilience
Finally, visionary leaders must have
courage and resilience. They must be
willing to take bold action in pursuit of
their vision, even in the face of
adversity and opposition. This requires
a willingness to stand up for what they
believe in, even when it is unpopular or
goes against the status quo. It also
requires resilience in the face of
setbacks and failures and the ability to
bounce back from these setbacks and
continue to pursue their vision.
In conclusion, visionary leadership is
an important leadership style that can
help organizations achieve their goals
and reach new heights of success. To
be an effective visionary leader, one
must possess a clear and compelling
personal vision, high emotional
intelligence, creativity and innovation,
strategic thinking skills, effective
communication skills, adaptability,
courage and resilience. By
understanding and developing these
factors, leaders can chart new paths for
their organizations, inspire their
followers towards a shared vision, and
achieve lasting success.
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37. 2022-23

38. A
Aclear and compelling vision
of the future, combined with a
will to inspire others to work
towards achieving those goals, has
made Mr Ranjith Nair an exceptional
leader among his peers.
With a deep understanding of the
current state of his niche, Mr Ranjith is
exceptionally well-versed in
identifying and capitalizing on
emerging trends and technologies to
utilize them to achieve the desired
results.
Having two decades of executive
experience managing diverse
responsibilities spanning operational
and functional roles in more than 30
countries; encompassing Asia, Africa,
the Middle East, and the Pacific,
Mr Ranjith today leads as the Vice
President of the Asia-Pacific
Industrial Merchant Business Line
in Air Liquide.
Strong Roots
Mr Ranjith completed his master's in
business degree from a premier
Business school and a diploma in
Business Excellence from Newcastle
College, UK. Mr Ranjith Nair is also a
trained performance coach who is a
keen believer in diversity and has been
an ardent advocate for
harnessing the best
business results through the
harmonious use of human talents.
With advanced leadership training
stints in the London Business School
and China Europe International
Business School, Ranjith is a firm
believer in empowering youth for a
better tomorrow and allocates a
significant portion of his time to
mentoring and coaching young talents
across the globe. He is also a
professionally trained and practicing
coach.
Renowned Career
Mr Ranjith started his career as a
maintenance engineer in the United
Arab Emirates with the most
prominent family-owned Industrial gas
company in the Middle East and
Africa. Mr Ranjith progressed through
nearly nine different technical,
commercial, and general management
roles in his career progression with this
organisation for over thirteen years.
After over 13 years with this
organisation, which progressively
became a joint venture with a global
leader, he moved to another
worldwide leader in the Gases and
Ranjith
Nair
Nair
Leading Transformation in
Industrial Gases Business
Ranjith Nair
Vice President, Asia-Pacific
Industrial Merchant Business
Line, Air Liquide
|February 2023
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39. The Visionaries Representing India Around The Globe
Services segment: Air Liquide in
Saudi Arabia, as the Vice President,
Engineering, with a newly acquired
entity of Airliquide in Saudi Arabia in
2009. In his stint of over three years in
Saudi Arabia, he was responsible for
setting up and running a Business Unit
for specialty gases in the GCC region,
in addition to leading the business and
driving the company based in the
Eastern province of Saudi Arabia and
integrating the newly acquired entity to
Air Liquide.
In 2013 he moved to Dubai to be the
CEO/Managing Director of UAE and
Iraq Operations in the country,
managing more than five companies,
including joint ventures. Ranjith
traversed various technical,
operational, and functional roles in the
Middle East and Africa region before
taking up his role as the Vice President
of the Industrial Merchant Business
Line spanning eight countries in
Southeast Asia and Taiwan in 2019.
Ranjith Nair is currently the Vice-
President of the Asia-Pacific Industrial
Merchant Business Line in Air
Liquide, covering 13 countries.
Mr Ranjith has extensive expertise,
knowledge, and high cultural agility in
managing global and regional
operations with Products and Services
in Gases, Engineering & Equipment
(Welding, Hardgoods, Safety and
more) in diverse geographies across
Europe, China, Japan, Korea,
Australia, New Zealand, Southeast
Asia (Singapore, Malaysia, Thailand,
Philippines, Indonesia, Brunei,
Vietnam), Taiwan, Africa (15+
countries), the Middle East and the
Indian Subcontinent.
His core expertise lies in maneuvering
businesses and functions through
business turnarounds and
transformation and leading teams
Ÿ In the industrial field, Air Liquide
develops and provides
technologies, products, and
services that, when integrated into
its customers' production processes,
improve their effectiveness and
quality, and reduce emissions.
Ÿ In the energy and natural resources
field, Air Liquide develops and uses
technologies that contribute
significantly to improving the
global ecological balance.
The company takes part in the
economic and social development of
the regions where it operates through
its technical, industrial, medical, and
financial activities and undertakes
philanthropic initiatives that focus on
protecting life and the environment and
developing local communities. These
initiatives are carried out directly by
Group's subsidiaries or the Air Liquide
Foundation.
Air Liquide's organisation is based on
the duality of its business, which is
both local and global. A flexible
organisation that is close to the
customer enables Airliquide to:
through a growth phase
with a vision of carbon
neutrality; while leveraging
technology and digital tools to drive
sales effectiveness, operational
excellence, and data insights.
His contribution to business and track
record of building effective and high-
performance teams across diverse
cultures, geographies, and nationalities
to deliver sustainable performance has
brought him multiple laurels and
recognition in related industries. He
was also featured in the prestigious
Forbes magazine among the TOP 100
Executives in the Middle East (2018,
2019) and the TOP 30 Indian
Executives in the Middle East (2019).
Inventing a Sustainable Future
Air Liquide is a world leader in gases,
technologies, and services for Industry
and Health, present in 75 countries
with approximately 66,400 employees
and serving more than 3.8 million
customers and patients. Air Liquide
brings all its employees together by
fostering their spirit of initiative,
innovation, responsibility, and
professionalism. It promotes
collaborative work and knowledge-
sharing.
Air Liquide is also a significant
contributor to sustainable
development:
Despite facing various
challenges in my decades of
professional experience, I believe in
upholding integrity, grit, perseverance
and delivering with passion as key
contributors to my success.
‘
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40. Ÿ Listen to its customer's needs and
meet their expectations in each
regional market.
Ÿ Guarantee the safety, availability,
and reliability of services.
Ÿ Mobilize talents and initiative.
Ÿ Ensure a rapid operational response
to day-to-day issues.
The Group's functional and
business line management teams
define an operating framework with the
geographic entities. The latter makes it
possible to implement strategy
consistently and rapidly depending on
market conditions, clarify
implementation processes, disseminate
know-how, and enhance people's
development. This framework is
reviewed periodically to adapt to
changes in the environment.
Air Liquide takes part in
the economic and social development
of the regions where it operates
through its technical, industrial, medical
and economic activities and undertakes
philanthropic initiatives.
‘‘ Passing the Legacy
Ranjith is a staunch believer of the
quote by Winston Churchill: "Never let
a good crisis go to waste."
Mr Ranjith's professional journey and
growth within Air Liquide are an
embodiment of the rich culture and
values of Air Liquide. Despite facing
various challenges in his decades of
professional experience, Ranjith
believes in upholding integrity, grit,
perseverance, and delivering with
passion as key contributors to his
success.
When asked about how he manages his
expectations and continues to be an
inspiration to young talent; he
emphasized that he always strives to
create an environment of candid
feedback and continuous learning,
where the teams are continuously
motivated to outperform themselves
and conditioned to be in a mindset of
'Excellence;' while upholding the
values of the organisation.
|February 2023
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