Rajiv Lall has set himself a Himalayan task: Transform IDFC from a project lender to a financial conglomerate. And convince the world it will work
July 20, 2009, began as just another day in the life of Rajiv Lall, the CEO and managing director of Infrastructure Development Finance Co. (IDFC). But everything changed at 11 a.m. Lall happened to go on a stock analyst call and say that rating agency Crisil had downgraded the rating of his company from AAA to AA+ citing delays in raising capital. Hell broke loose within minutes.
How Does the Macquaire Model work
(This story appears in the 20 November, 2009 issue of Forbes India. To visit our Archives, click here.)