Page 44 - Masala E-magazine Vol 9 Issue 6 Junel - July 2018

COVER STORY

How did you decide on which charities to support?
It was based on the people who were working for these
committees; whether they were selfl ess and not drawing any
personal benefi t from their work. They had to be willing to
give the time without expecting anything in return. Donations of food and other essentials are provided to underprivileged
communities in Bangkok and other provinces
In your opinion, where do you see the future of
textiles heading?
It will hop around from market to market. In the 1950s and
1960s, Japan was the face of textiles. It then shifted to Korea
and Taiwan, and then Thailand and China. Now, it is India and
Bangladesh, as production facilities, costs and advantages
are all changing. You cannot chase the industry; you must
adapt yourself to each change that comes and look for
advantageous markets. For Thailand, tourism is now thriving,
so that has been our recent focus.
Celebrating the completion of school building projects in
How have you managed to stay humble when you have collaboration with the Royal Thai Air Force
attained so much success?
It is important to remind ourselves that material wealth is not
permanent, so that we don’t become driven by our egos. The Many people take their parents or mentors for granted, but it’s
realisation that wealth and health are not enduring certainly very important to look back and appreciate what they’ve done
helps keep one humble. for you.

Personally, what do you feel has been the biggest key to You have already expanded and have a global presence in
your success today? several countries across the world. What is next for Thai
My belief is that my father, Kuldip Singh Madan, has built Japan Group?
our family to where it is today. When I started out, it was his We are currently focusing on real estate now with several
reputation and unshakable commitment that opened doors projects in the strategic planning stage, including one upcoming
for me wherever I sought to do business. Today, at age 88, resort in Phuket, but we are constantly looking for new business
he is still our mentor and guide, and we are very blessed opportunities beyond the industries we have a foothold in.
to have him. I sincerely hope that the next generation of The possibilities are limitless!
entrepreneurs understands that a reputation of sincerity and
honesty will always draw opportunities to them. Finally, what advice can you offer young men and women who
are just starting their own business?
You have to be innovative in what you offer, because the market
is fl ooded with different products and services, and sometimes
people themselves don’t realise what they need until they
physically see it in front of them.

Additionally, when you work in an organisation, as a leader, you
have to think for the well-being of your collective team, not just
for yourself. When you are doing that, you are also motivating
them, and then the possibilities and opportunities you can
achieve together are limitless.

Another important lesson is to earn diligently when you fi rst
begin your business — don’t overspend. Our markets are replete
with various credit facilities, and it is very easy for people to
“ It is important to remind and it will only hinder you.
spend money they do not actually have. This becomes a cycle

ourselves that material wealth is
not permanent, so that we don’t Finally, don’t hate the competition. Healthy competition is
what will keep you on your toes and push you to consistently
“ vital for innovation.
become driven by our egos. improve your business model. In my viewpoint, competition is

44 Masala Magazine
JUNE - JULY 2018