Entrepreneurs play a key role in any economy. These are the people who

have the skills and initiative necessary to take good new ideas to market and

make the right decisions to make the idea profitable. The reward for the

risks taken is the potential economic profits the entrepreneur could earn.

Mr. Dhananjay Laxman Datar served as Chief Financial Officer of ABG Shipyard Ltd. until

March 1, 2013. He served as Vice President of Finance and Corporate Affairs at MAN Industries

India Ltd. Mr. Datar has over 25 years of rich experience in decisive leadership, Strategic

Planning, Financial Management, Operations and Corporate Finance in sectors such as

chemicals, Textiles, Telecom, Pharmaceuticals, Steel and Ship Building.

He is a Commerce graduate of Devi Ahilya University, Indore and holds CA from Universidad

Pontificia Comillas.

Be Independent In Business

Dhananjay Datar shared his mantra for business success at the recent ‘Vishwa Marathi Sahitya Sammelan’ at Dubai.

I had just one pair of school uniform and couldn’t even afford an

extra pair. We were taught by our parents to be very frugal. I

learnt not to waste even one drop of ink – and that drop did come out, it was taught to suck it back into the pen. We were so

conscientious of economizing. I was an average student at school and scored just about 45% to 50% overall and even disliked

maths but I have even used this to my advantage. Knowing that I am not good in maths, I have the habit of rechecking and re –

counting all the transactions, thus avoiding financial mistakes.

While carrying on the business, respect the customer and earn his respect. If you are doing business in a different state or country,

you must respect the people and culture from there. In Rome, do

as Romans do don’t project yourself a businessman, hastily after entering any business. One always keeps learning from one’s

business. I am still learning new things of doing business.

One should not get disheartened if one fails in business or incurs losses. There is bound to be stress. But that doesn’t mean one

should give up one’s business and opt for a job, to avoid incurring

losses. All this is part of your business. There are bound to be

highs and lows. After sometime, the mind and body gets used to this kind of a stress. So don’t give up.

Promoting Ayurveda Abroad

Dhananjay Datar conferred international lifetime Award

There is a huge potential for spreading the awareness for

Ayurveda in the gulf countries. I would like to give my whole hearted support to Indian doctor who wishes to practice

Ayurveda in UAE. Says Dhananjay Datar, MD. Al Adil Trading. UAE.

Dhananjay Datar receiving the international lifetime award at the 4th international conference on Ayurveda & holistic Healing form.

Religious rituals at a height of 40,000 feet

Thread ceremony of Datar’s son conducted in the skies; a

first of its kind event in a jet plane.

Thread Ceremony of Datar’s younger son Rohit was held

40,000 sqft above Mumbai atop a jet flight. Vandana and Dhananjay Datar along with sons Hrishikesh and Rohit.

Dubai-based businessman, Dhananjay Datar organized a

unique thread ceremony of his son, Rohit. The difference about this thread ceremony was that it was done in a jet

aircraft, which hovered at a height of 40,000 ft above

Mumbai, carrying 150 family members and guests dressed in traditional Maharashtrian attire, most of who were

aboard a flight for the first time in their lives. This was the first of its kind event in India.

Veena World ( in Marathi) is a Mumbai, India based

online/offline travel company established on 18 June 2013 after the de-merger of

the family business Kesari Tours Pvt Ltd. in February 2013. It was established by

Veena Patil after the sell-out of her stocks along with the other directors from the

previous company.[1]

Its head office is in Mahim, Mumbai. Apart from Mahim,

they also operate offices in Kandivali, Ghatkopar, Thane, Vashi, Dombivali,

and Pune.[2]

Pre-establishment history

The history of Veena World can be traced out before its foundation. Its pre-

successor Kesari Tours was founded in 1984 as a small family business. By time it

was transformed into a Limited and before its demerger it had an annual Turnover

of over 750 crore (US$120 million) in financial year 2012-13 and with 2,500

employee's, it was one of the largest family owned companies in India.[3]

Establishment

In 2013 Kesari Tours faced management crises in its leadership. Veena Patil who was

Managing Director of the company at that time was forced to leave her position from the

company due to so called misuse of the company assets. She then sold her Shares

from the company and was starting to set up a new firm along with the other board

director from the Kesari Tours Sudhir Patil and Sunila Patil.[4][5]

Under the brand name of Veena World with the motto of travel, explore, celebrate. The

Holding company Veena Patil Hospitality was Established on the 18th of June 2013. Its

first branch office was opened on 18th June 2013 in Kandivali Mumbai, which was

inaugurated by Raj Thackeray.[6][7]

Corporate Structure

Veena World is owned by its holding company Veena Patil Hospitality Pvt Ltd. which is

a private limited company. The head office is located in Mahim, Mumbai and the

booking offices are also to open

in Mahim Kandivali Ghatkopar, Thane, Vashi, Dombivali, and Pune. Veena Patil is

the managing director of the company, Sudhir Patil and Sunila Patil are directors. As of

2013 it is run by more than 250 employees.[8]

Operations

The company started its operation on 18 June 2013, basically from its Kandivali office

and with more than 50 preferred agents located all over India.[9][10] Within one month

after opening of its head office, most of the offices located inMumbai Metropolitan

Region and Pune Metropolitan Area commenced operating.[11]

Thomas Edison Thomas Alva Edison (February 11, 1847 – October 18, 1931) was

an American inventor and businessman. He developed many devices that greatly

influenced life around the world, including the phonograph, the motion picture

camera, and a long-lasting, practical electric light bulb.

Edison was a prolific inventor, holding 1,093 US patents in his name, as well as

many patents in the United Kingdom, France, and Germany. More significant than

the number of Edison's patents, are the impacts of his inventions, because Edison

not only invented things, his inventions established major new industries world-

wide, notably, electric light and power utilities, sound and motion pictures.

Edison's inventions contributed to mass communication and, in particular,

telecommunications. These included a stock ticker, a mechanical vote recorder, a

battery for an electric car, electrical power, recorded music and motion pictures.

His advanced work in these fields was an outgrowth of his early career as

a telegraph operator. Edison developed a system of electric-power generation and

distribution [4]

to homes, businesses, and factories – a crucial development in the

modern industrialized world. His first power station was on Pearl Street

in Manhattan, New York.[4]

Early life

Thomas Edison was born in Milan, Ohio, and grew up in Port Huron, Michigan.

He was the seventh and last child of Samuel Ogden Edison, Jr. (1804–96, born

in Marshalltown, Nova Scotia, Canada) and Nancy Matthews Elliott (1810–1871,

born in Chenango County, New York).[5]

His father had to escape from Canada

because he took part in the unsuccessful Mackenzie Rebellion of 1837.[6]

Edison

reported being of Dutch ancestry.[7]

In school, the young Edison's mind often wandered, and his teacher, the Reverend

Engle, was overheard calling him "addled". This ended Edison's three months of

official schooling. Edison recalled later, "My mother was the making of me. She

was so true, so sure of me; and I felt I had something to live for, someone I must

not disappoint." His mother taught him at home.[8]

Much of his education came

from reading R.G. Parker's School of Natural Philosophy and The Cooper Union.[9]

Edison developed hearing problems at an early age. The cause of his deafness has

been attributed to a bout of scarlet fever during childhood and recurring untreated

middle-ear infections. Around the middle of his career, Edison attributed the

hearing impairment to being struck on the ears by a train conductor when his

chemical laboratory in a boxcar caught fire and he was thrown off the train

in Smiths Creek, Michigan, along with his apparatus and chemicals. In his later

years, he modified the story to say the injury occurred when the conductor, in

helping him onto a moving train, lifted him by the ears.[10][11]

Edison's family moved to Port Huron, Michigan, after the railroad bypassed Milan

in 1854 and business declined;[12]

his life there was bittersweet.

Edison sold candy and newspapers on trains running from Port Huron to Detroit,

and sold vegetables to supplement his income.

He also studied qualitative analysis, and conducted chemical experiments on the

train until an accident prohibited further work of the kind.[13]

Edison obtained the exclusive right to sell newspapers on the road, and, with the

aid of four assistants, he set in type and printed the Grand Trunk Herald, which he

sold with his other papers.[13]

This began Edison's long streak of entrepreneurial

ventures, as he discovered his talents as a businessman. These talents eventually

led him to found 14 companies, including General Electric, which is still one of the

largest publicly traded companies in the world.[14][15]