Adi Godrej

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.

Corporate governance should be done more through principles than rules.

People should be encouraged by things like awards given for corporate governance practices.

We find it much better not to try and take the Godrej brand across, but use very strong brands we have acquired in different geographies and push them.

A good monetary policy follows inflationary expectations and not historical numbers.

We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises.

Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

I feel the Godrej brand has generally come to signify trust to most consumers. 400 million Indians use one or the other Godrej product on a daily basis, and they have come to accept it. We will, thus, continue positioning Godrej strongly on the trust platform.

We have a company, Geometric Software, which is into engineering services software. We have a company called Nature's Basket, which is into gourmet retailing. Both are specialized companies.