Interview with M. V. Subbiah, interviewed by V. G. Narayanan, Thomas D. Casserly, Jr. Professor of Business Administration, Harvard Business School

M.V. Subbiah is the Executive Chairman of the Murugappa Group, a large business conglomerate owned by the Subbiah family. The family business dates back to 1900 and operates today in 28 countries with over $7 billion in total revenue. In this interview, Subbiah describes how the family business originated with his grandfather founding a money-lending company in the Chettiar community of Burma (now Myanmar) in 1896. Subbiah's first job was as an errand-runner and assistant for the company. Subbiah describes how his grandfather's insistence on investing profits into other industries and foreign companies proved vital after the Great Depression and WWII completely devastated the economy of the country. With profits from their investments, the Subbiah family moved to India and in 1949 began operating a bicycle manufacturing company, eventually investing in the raw materials for the bicycles themselves. Tube Investments of India is the family's flagship company and currently India's second-largest bicycle manufacturer. Subbiah discusses his education and schooling, which he says did not suit him particularly well. He preferred hands-on work, moving to the U.K. to train in industrial adm