Persistent Systems grew from $500M to $1.7B under an outsider CEO's digital bet
Sandeep Kalra took mid-tier Persistent Systems from about $500M to $1.7B in revenue, crossing the $1-billion mark in FY23 with 35% growth.
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2,000 CAS PUBLIÉS · MIS À JOUR RÉGULIÈREMENTOlam faced down Muddy Waters in 2012, took Temasek's hand, and lived to split itself up
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Lire le casNikon shrank 20% of its workforce in 2020, bet on premium mirrorless, and doubled profit
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Lire le casNew World Development broke a Hong Kong taboo: heir out, non-family CEO in
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Lire le casBlackstone bought control of Mphasis at Rs 430 a share, then rolled it at Rs 1,452
Blackstone's 2016 control buy of HP's Mphasis stake — a rarity in Indian PE — tripled in per-share value by its 2021 $2.8B fund rollover.
Lire le casFoxconn let founder Gou walk away in 2019, then set records under Young Liu
When Terry Gou quit to run for president, Foxconn handed the chair to chip veteran Young Liu and hit record revenue by 2024.
Lire le casFormosa Plastics' Wang retired perfectly in 2006 — and left his estate to a 14-year war
Taiwan's 'Management God' handed the company to a committee of relatives and professionals, but never settled his own estate; heirs fought until 2022.
Lire le casEssar sold its crown jewel for $12.9B and wiped out 60% of group debt
The debt-crushed Ruias sold Essar Oil to Rosneft and partners in 2017 and repaid Rs 70,000 crore — India's largest deleveraging then.
Lire le casDeclared insolvent in 1993, Equity became East Africa's biggest bank under Mwangi
James Mwangi took a 94% pay cut to save a dying Kenyan building society, rebuilt it as microfinance, and banked millions.
Lire le casCP Group's Dhanin split the crown in 2017: chairman to one son, CEO to another
After 48 years running Charoen Pokphand, Dhanin Chearavanont divided the top jobs between two sons and the clan became SE Asia's richest.
Lire le casChugai sold Roche half of itself in 2002, kept its independence, and became No.1
Too small for global R&D, Chugai gave Roche 50.1% but kept its management and listing; by 2024 it led Japan in oncology and value.
Lire le casTwo bankers bought Nigeria's 65th-ranked bank in 2002 and made it top five
Aig-Imoukhuede and Wigwe took over tiny Access Bank in 2002 with a five-year mandate to reach the top; it doubled its balance sheet in year one.
Lire le casVietnam Airlines survived insolvency on a state loan, then flew back to profit in 2024
After four loss-making years and a 4 trillion dong rescue loan, Vietnam Airlines restructured and posted its first profitable quarter in early 2024.
Lire le casSlim's 1990 Telmex takeover turned a state phone utility into a modern network
Mexico sold voting control of bloated state telco Telmex in December 1990; Carlos Slim's Grupo Carso modernised it into a fast-growing network.
Lire le casStoneCo halted its bad-credit lending in 2021 and quadrupled profit by 2023
A credit book gone wrong drove a R$1.38B loss in 2021; StoneCo froze lending, refocused on payments and banking, and earned R$1.6B by 2023.
Lire le casSão Paulo sold control of Sabesp in 2024, raising R$14.8B to fund universal water
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Lire le casDabur's Burmans won an 18-month siege and took control of Religare in 2025
The Dabur-family Burmans fought Religare's own board through courts and regulators for 18 months, then became promoters of the troubled lender in February 2025.
Lire le casNirma bet $1.4B on Lafarge India's cement plants and became a top-five maker
Detergent maker Nirma outbid JSW and Piramal for Lafarge India in 2016, and five years later its cement arm Nuvoco was India's fifth-largest cement company.
Lire le casAbu Dhabi merged IPIC into Mubadala, building a $125bn sovereign fund in one move
With oil prices slumped, Abu Dhabi folded IPIC into Mubadala in 2017, creating the world's 14th-largest sovereign fund with $125bn in assets.
Lire le casIndosat merged with Hutchison's Tri in 2021, then grew EBITDA 23% by 2023
Ooredoo and CK Hutchison folded Tri into Indosat to create Indonesia's No. 2 carrier; two years on, revenue was up 10% and EBITDA up 23%.
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