Sunday, August 11, 2019
Biography of Ajit Jain
 |
| Biography of Ajit Jain |
Ajit was born in Odisha in 1951. Jain graduated from IIT Kharagpur in 1972 and obtained a degree in Mechanical Engineering. After this, from 1972 to 1973, he joined IBM as a salesman. He lost his job in 196. He then moved to the US in 1978 and did his MBA from Harvard University. After MBA, he joined McKinsey & Company. In 1986, he left McKinsey & Company to join Berkshires.
Ajit Jain has benefited Berkshire Hathaway by about 44 billion rupees (Rs. 2,97,132 crores) which shows Ajit's commercial success. Warren Baffet is convinced of Ajit Jain's talent. Once Warren had told his shareholders - If I (Warren Buffet), Vice Chairman of the company Charile Munger and Ajit Jain are drowning and you have to save one, you will save 'Ajit Jain'.
Ajit Jain, a completely vegetarian in food, was born in Odisha in 1951 and got a Mechanical Engineering degree from IIT Kharagpur. After this, from 1973 to 1976, Ajit worked for IBM in India. In 1976, when IBM closed its business in India, Ajit's job was to be known.
On the advice of one of his seniors, Ajit came to America in 1978 and obtained an MBA degree from the famous Harvard Business School. After pursuing an MBA, Ajit started a job at McKinsey & Co. Ajit returned to India around 1980, married according to his parents' wishes. On the advice of his wife, Ajit returned to America again and McKinsey & Co also hired him.
Ajit's life took a new turn in 1986, when his former boss Michael Goldberg offered to join his Berkshire Hathaway company. Michael Goldberg left McKinsey & Co since 1982 and was employed at Berkshire Hathaway.
Ajit Jain was unaware of the insurance business, but decided to join Berkshire Hathaway. What Ajit knew was that this step of his would give him success and fame at the top of the future.
Carrier of Ajit Jain
Jain worked for IBM in India from 1973 to 1976, after which he did his MBA in 1978 from Harvard Business School, USA. He then joined McKinsey & Company, but returned to India in the early 1980s. After about a month of love affair, he married a girl as decided by his parents. He then moved to the United States to work for McKinsey again.
Ajit Jain Close to Buffett
Jan remains in close contact with Buffett, working in Stamford.
Buffett in Berkshire has often praised Jain in a letter to shareholders with company reports.
In 2002 he wrote "I have seen the details of almost every policy formulated by Ajit ever since he joined us in 1986 ... Even if the deficit was not completely eliminated, but his extraordinary discipline was foolish The loss must be prevented. And the key to success is that insurance companies can deliver the best results in the long term only by avoiding stupid decisions, rather than fast decisions. It's a case of some investment. "
In 2003 he wrote: "It is impossible to exaggerate his importance in Berkshire."
In 2004 he writes: "Ajith has great importance in Berkshire."
In 2005: Buffett described him as "an exceptional manager".
In 2008: "Ajit came to Berkshire in 1986. Very soon I realized that we had acquired an extraordinary talent. So I naturally wrote to his parents in New Delhi and asked that there be more like him in his house Send it to someone.