MR. GAUTAM R. MORARKA
Mr. Gautam R. Morarka is the younger son of Late Shri Radheshyam R. Morarka, an eminent parliamentarian for over two decades. Mr. G R Morarka is a Commerce graduate from Bombay University and has also done ICWA (Inter) from the Institute of Cost and Works Accountants of India. In April, 1988, he was appointed as the President in the family run M/s. Pampasar Distillery Limited ('PDL') and within a year he was elevated to the post of Managing Director. During his tenure as President and then as Managing Director of PDL, the Company witnessed good growth. In 1991, PDL also made a successful maiden public Issue of Equity Shares.
In view of decontrol of molasses and very strong competition from major players, Mr. G R Morarka disinvested his controlling interest in PDL during 1993 in favour of M/s. Shaw Wallace & Co., and invested the sale proceeds in setting up Dwarikesh Sugar Industries Limited. Mr. G R Morarka set up Dwarikesh Sugar Industries Limited, in the year 1993-94.
Mr. Morarka has provided a highly inspiring leadership to the group He is Managing Director of Dwarikesh Sugar Industries Limited, and Director in Morarka Finance Limited, Dwarikesh Trading Company Ltd., Dwarikesh Informatics Ltd, Dwarikesh Agriculture Research Institute (Non-profit making company) and Faridpur Sugars Limited.
Under Mr. Morarka's dynamic leadership, DSIL has come out victorious even in the face of severest of challenges. A believer in collective growth, he lays maximum emphasis on quality, efficiency and ethics. Dwarikesh has the distinction of commissioning its plants in record time. In terms of recovery of sugar, the company has always been counted among the best performers. It has a very clean image in the corporate world as well as among the farmers, and it has never defaulted in making payments to the sugarcane growers.
About the success of DSIL, Mr. Morarka says, “It is a result of our efforts to consistently build on the efficiency achieved at all levels of production. We at Dwarikesh strive towards the development of the farmers' community and believe that all sugar companies should realise their responsibility towards the same. This, in turn, will contribute to the growth of rural economy and consequently make the sugar industry and Indian economy much stronger."
Read the excerpts of Mr. Morarka's interview, which appeared on CNBC.