Anu Aga's is an extraordinary taleāfrom the way she survived repeated family tragedies, to the turnaround she engineered at Thermax, writes Gunjan Jain
Anu has the rare capacity to heal grief. She is always ready to talk people through their traumas. What I most admire about Anu is her courage and meticulousness. Under Anu’s leadership, Thermax grew in size and profits. After she handed over the reins to her daughter Meher, Anu decided to help the underprivileged. She could have written out many cheques but chose the harder route.
The Loss Seemed Insurmountable
Moreover, having gone public a year earlier, the company was now accountable to shareholders. “It was a huge responsibility. The board had to take the tough decision of her heading the organisation within 48 hours of dad’s demise,” Meher says. What made things worse was the downturn in the Indian economy, which caused Thermax’s share price to plunge from Rs 400 to Rs 36.
“My mother’s courage of conviction surfaced and she had to come up with a turnaround plan,” Meher says. Soon after, says Gita Piramal, Anu transformed herself with “courage and uncommon common sense from an HR head to a chairman. She succeeded magnificently, as Thermax’s performance shows.”
(This story appears in the 02 September, 2016 issue of Forbes India. To visit our Archives, click here.)