I was
compiling a brief on the VIP’s of Padmanayaka Velama and in the process came
across the name of Nrupender Rao garu
(Joginapally Venkata Nrupender Rao). I did not know anything much about
him than that he is the brother in law of Late Ramprakash garu and has set up
Pennar Industries.
He had such a
distinguished education as well as career. Not only did he graduate from IIT
Kharagpur in Engineering. He also received the IIT Kharagpur Distinguished
Alumnus Award for 2011 from the then PM Manmohan Singh. Considering that IIT
Kharagpur awards only one single Alumni each year his achievement is extremely
commendable.
After his
Engineering he did his MS from the Purdue University USA. Purdue University is
in the top 50 Universities of the USA and as a Public University it is ranked
number 1 in the USA. He was also the National President of the Indo American
Chamber of Commerce.
He worked
with the National Cash Register of the USA, Union Carbide India and with the
Nagarjuna Steels and the Pennar group. He was the founder and Executive
Chairman of Pennar Industries. From July 2008 to May 2010 he was the Managing
Director of Pennar Industries. Due to some misfortune that plagued him he had
to pass on the Company to someone else later. But he continued as the Executive
Chairman of Pennar Industries till August 2023. Today Pennar Industries has an
annual sales turnover of around Rs 3000 crores and a net profit of Rs 100
crores with the annual outgo on salaries to employees alone being Rs 300
crores.
Business is
always fraught with risk and luck would also play its part. Sometimes perhaps
an entrepreneur has to suffer from bad
luck. Nevertheless the success of Pennar Industries today despite it not
being in his hands is a testimony to his achievements.
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