The distinction is one made by Baba Kalyani, who runs another highly successful Pune-based manufacturer, Bharat Forge.

ECONOMIST: Few hands make work light

Astute Indian industrialists such as Mr Kalyani have moved into capital-intensive production.

ECONOMIST: Few hands make work light

Mr Kalyani says he was early to realise that India could not be a success relying on cheap labour to produce cheap goods.

ECONOMIST: Few hands make work light

Singh, pharma entrepreneur K.Anji Reddy, vaccines-maker Cyrus Poonawalla, Rahul Bajaj, patriarch of the Bajaj Group, Baba Kalyani of Bharat Forge and tech tycoons Azim Premji and Shiv Nadar.

FORBES: Bill Gates, Warren Buffett court India's richest

Runs family's Kalyani group, world's second-largest forgings manufacturer.

FORBES: Magazine Article