Wednesday, 2 May 2012

Topsgrup chairman enters Sunday Times Rich List

Entrepreneur Rahul ‘Richie’ Nanda, Chairman of Indian security firm Topsgroup, has entered the Sunday Times Rich List following his company’s takeover of UK-based Shield Guarding Company.

Nanda is one of the major shareholders of Topsgroup, which provides security-related services to the Indian Premier League as well as to some of Bollywood’s biggest stars.

The company acquired a 51% stake in Shield in 2011, taking Dr Nanda’s net worth to £168 million and paving the way for his entry onto the list of Britain’s wealthiest individuals.

Speaking of his inclusion in the Rich List, Dr Nanda paid tribute to his employees and customers: “I owe this recognition to the 93,000 employees, 8,000 customers, my family and friends for believing in my vision for Topsgrup.  The Topsgrup acquisition of The Shield Guarding Company once again demonstrates the strong and unique bond shared between India and the United Kingdom.”

He added, “Entrepreneurship is the bedrock of British society and we are truly a nation of entrepreneurs. I am a great believer that it is the tool for social change on a global level and a key driver in overcoming financial barriers and economic circumstances. Being entrepreneurial isn’t just about making the right business decisions but also about taking the right risks and adopting a fresh approach to business life that pushes you to embark on a new challenge and creative path.”
Born and raised in industrious Ranchi in Northeastern India, Dr Nanda began his career at a struggling family-owned restaurant which he transformed into a thriving business.
In 1992, at the age of 22, he joined Topsgrup – then a small player in the burgeoning security business in India – on a monthly salary of just £10.

The ambitious young executive was soon into his stride, rising rapidly through the company’s ranks, becoming a shareholder and transforming Topsgrup into India’s largest security services group with revenues of £200 million and offices in India, Israel and the UK.

Dr Nanda is one of a slew of new Asian multi-millionaires who have made it to the definitive list of the UK’s wealthiest people.

Other notable newcomers include Rajesh Agrawal, founder of foreign exchange trading company Rational FX, Kartar and Tej Lalvani of health supplement manufacturer Vitabiotics and Sri Lankan-born Subaskaran Allirajah, chairman of Lycamobile.

The Rich List is headed by Lakshmi Mittal with a net worth of £12.7 billion.

- Vijitha Alles

UTV to adapt Chetan Bhagat's 'The 3 Mistakes of my Life'

The last film adaptation of one of his books went on to become the biggest Bollywood blockbuster of all time.

So it was only a matter of time before another Chetan Bhagat work of fiction was set on the road for a big-screen adaptation.

‘The 3 Mistakes of My Life’, Bhagat’s critically acclaimed 2008 novel about 3 friends who go into business together will follow ‘Five Point Someone’ – remade as ‘3 Idiots’ – onto the big screen.

The film – titled ‘Kai Po Che!’ – will be produced and distributed by UTV Motion Pictures who have roped in ‘Rock On!!’ director Abhishek Kapoor to helm the project.
Unlike 3 Idiots – which featured some of Bollywood’s biggest stars, including Aamir Khan and Kareena Kapoor – ‘Kai Po Che!’ will feature a cast of relative newcomers, including TV actor Sushant Singh Rajput.

The film will also be different from 3 Idiots in that Bhagat himself has helped shape the screenplay alongside Kapoor, Pubali Chaudhuri and Supratik Sen.

Siddharth Roy Kapur, CEO of UTV Motion Pictures says of the project: "If ever there was a script that captures an era in our history and defines an entire generation on celluloid, this is it. Abhishek, Pubali, Supratik and Chetan have done a magnificent job of adapting Chetan's book into a screenplay that has the potential to emerge into an iconic film like Rang De Basanti or Dil Chahta Hai, which captured the essence and aspirations of the youth. We are thrilled to be collaborating with Chetan, Abhishek, Javed Akhtar, Amit Trivedi and a fresh new cast on what promises to be a landmark film."
Music for the movie will be composed by Amit Trivedi with Javed Akhtar penning the lyrics.

- Poonam Joshi