The Indian PSU's (Public Sector Undertakings India)

The Dalal Street Investment Journal annual compendium on “The Indian PSU's” is the single most complete and authoritative resource book profiling over 200 of the main Indian Public Sector Undertakings. Once regarded as The White Elephants of the Indian economy these “pachyderms” are today the acknowledged creators of the necessary infrastructure on which the growing edifice of prosperous India is being built.

The Indian Public Sector beset with problems imposed by the socialistic objectives of the Government have triumphed over the many trials and tribulations, the suffocating restrictions and the less than level playing fields, to today chalk out impressive figures often surpassing those of the most competitive and professionally managed private sector organizations. Set up to shore up a fledgling Indian economy and put it into a growth mode, these lumbering organizations worked under varied pressures and socially oriented policies laid down by different Governments and fluctuating political dispensations with little or no flexibility. Today these bulwarks of economic progress provide the vital impetus for many private sector initiatives in manufacturing/agriculture and finance and even consulting and are keenly sought after as domain experts and the most preferred source of trained manpower for the private sector.

This compendium salutes the single-minded and dedicated efforts of the Indian Public Sector Undertakings. This compendium is as much about the PSUs as it is about the real people who have no personal branding, people working under constraints of extreme nature, much of it political, social and situational rather than professional. This is a tale of managers who may not have fancy Ivy League tags, but men who have grown up from the ranks, and are sensitive leaders making a difference to society in their own inimitable way. The compendium carries many interesting first-hand experiences of a cross section of PSU leaders to get a sense of their aspirations, and their approach to leadership. Their experiences serve as an invaluable inspiration for all readers for these are the men who have taught the “Elephant to dance”.
Published on May 2007

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