The CEO Story: PRESTIGE: MAKING INDIA PROUD

As a brand, Prestige evokes the feeling of trust. Over the years, ‘Prestige’ as a brand has penetrated through the hearts of millions. Few years after India’s independence in 1947, this recognisable brand had played a significant role in assisting the nation in becoming self-sufficient. 75 years after India gained its independence, they are still helping to expand India’s market and make it attractive to foreign investors. The impact it has on the Indian economy and the goodwill it fosters for India around the world are demonstrated by the fact that its founder, Dr. Nemnath Jain, was honored with the Padma Shri award for his outstanding services to business and industry

MAKING INDIA PROUD
Pride. That is how we feel when we consider the brand ‘Prestige’. We can be incredibly proud of the group for feeding the world and displaying the strength of the nation. Being a significant exporter of agricultural products and commodities to more than 40 nations in Asia, Africa, Europe, and the Middle East, Prestige Group is a true Indian multinational. The Government of India has recognised the Prestige Group with the tag of being a Star Export House.

This is a testimony to their commitment, efforts, and the value of exports. The person who guided Prestige’s development into a top-tier corporation continues to mentor the organization with the same strength and wisdom. Today, Prestige Group is one of India’s leading soybean export houses with a legacy spanning over four decades. The founder believes that as exporters, they not only speak for their group but also represent the nation India. The brand’s most precious assets are trust and reputation.

Meet Dr. Nemnath Jain The Pathfinder Dr. Nemnath Jain is a first-generation technocrat from Indore who has spent the last six decades working tirelessly to promote social transformation. He had been a visionary in promoting and defending the rights of millions of farmers in M.P. who had switched to soy farming.

Dr. Jain made the initiative at the right time to open the doors for exports of protein-rich, distinctive Non-GMO varieties of soya meal value-added products. Millions of farmers in Malwa, Nimar, and nearby parts of M.P. started getting value for their produces which in turn led to the overall growth of the society. Due to Dr. Jain’s pioneering work, Madhya Pradesh gained national and international reputation in the soybean industry, earning the title “Soy state” and “Soy capital of the nation.”

He received the UDYOG BHUSHAN award for his endeavors from the Vice President of India, Shri M. Hidayatulla in 1983 and the UDYOG VIBHUSHAN award from the Hon. President, Shri Giani Zail Singh in 1987. Dr. Jain, the founder and chairman of prestige was not born with a silver spoon or with a vast business heritage, and neither was the path to success simple. Along his business path, he developed new businesses and generated opportunities via his unwavering devotion and commitment. Today the Prestige Group is well-known throughout the world for its integrity, ethics, and high-quality products and services.

A DREAM OF A PROSPEROUS AND EDUCATED INDIA
The founder’s dream of a prosperous and educated India led to the creation of the education initiative. In 1994, the philanthropic arm of the group PEF i.e. Prestige Institute of Management and Research, Indore was founded with the objective to educate the next generation of Indians by offering professional courses in engineering and management with a focus on research and consulting. Its management courses are ranked among top Business Schools in India. The society in its various campuses has over 13,000 students studying from Nursery to Ph.D.

THE INSIDE STORY
The team of CEO Story had an opportunity for a quick interaction with Dr.Davish Jain – (President at Prestige Group of Industries & Chairman at Prestige Education Foundation) We started by asking what it is that a young company should learn from the market giants like Prestige. The president believes that there’s a distinctive characteristic that makes his company fall into two categories. Firstly, there is a commercial system that is absolutely open and transparent; and secondly, they accept good times and difficult times with the equal demeanor.

Explaining further he shares that one will need to foster an atmosphere where your people feel welcome and supported all the time. If you project a positive outlook on the company and its future, you’ll notice that your employees will do the same. One can only lead by setting a good example.

We then asked him his views on the post-pandemic world. Dr. Jain adds that many organizations have crumbled under the weight of Covid. The Prestige organization, on the other hand, didn’t miss even a single day of production for edible oil which is a necessary food item. Additionally, he shares that all of their universities used online classrooms to give lectures to students at home without missing a single day of class.

Elaborating more on the subject he states that post covid, he is seeing even more growth than pre covid. Crediting his leaders he adds that their leaders are top-tier individuals who regularly update curricula, add new programmes, and improve the experiential learning method. He elaborates that the team at prestige have created a blueprint for the next 15 years, and their diversification strategy is geographic dispersion with an aim to be in Pan India operation and eventually a global one

The president ends his conversation by sharing a piece of wisdom from his plethora of experiences for all the young entrepreneurs. He shares that one should be true to themselves and must treat people fairly and if one does this, the world will respond likewise.

CONCLUDING THOUGHTS
In addition to being the driving force behind significant changes in this enormous country, Dr. Nemnath Jain also invented a brand-new approach to philanthropy and business. As the business he built continues to strive for social progress, what he started has transformed the lives of billions.

The brand ‘Prestige’ has unmatched significance in our lives in many ways. The brand is renowned for its outstanding products, positive social contribution, and commitment to ethical business practices. Dr. Nemnath Jain has created one of the biggest enterprises in the history of business. The legacy of Dr. Jain will continue transforming lives on a daily basis.