Ajit Jain
The current command of Warren Buffett's company Berkshire Hathaway's most earning business insurance is in the hands of an Indian Ajit Jain, who is considered the most confidant of Warren Buffett. Ajit Jain has benefited from Berkshire Hathaway, about 44 billion (2,97,132 million rupees), which shows Ajit's commercial success. Warren Buffett is convinced of Ajit Jain's talent. Once Warren told his shareholders, "If I'm drowning (Warren Buffett), the company's Vice Chairman Charile Munger and Ajit Jain, and you have to save anyone, you will save 'Ajit Jain'."
Born in Orissa in 1951 and IIT from Kharagpur, got a degree in Mechanical Engineering. After that, from 1973 to 1976, Ajit worked for IBM in Sales in India. In 1976, when IBM closed its business in India, Ajit had to know his job. On the advice of one of his senior, Ajit came to America in 1978 and obtained an MBA from the famous Harvard Business School. After doing MBA, Ajit started his job in McKinsey & Co. Aajit came back to India around 1980, married to his parents' wishes. On the advice of his wife, Ajit returned to America again and McKinsey & Co put him on the job. A new twist came in Ajit's life in 1986, when his former boss Michael Goldberg offered to join his Berkshire Hathaway company. Michael Goldberg was employed in Berkshire Hathaway since 1982, leaving McKinsey & Co.
Ajit Jain was unaware of insurence business, but he decided to work in Berkshire Hathaway. Today Ajit Jain is the President of Insurance Group of Berkshire Hathaway. Ajit Jain, the insurance group of Berkshire Hathaway, faced the tough competition of the market and reached those heights that today it is the highest earning enterprise for Insurance Business Berkshire Hathaway. Ajit Jain's leadership reinsurance, gives insurer policy against loss of property from natural disasters (hurricanes, earthquakes, floods, etc.). This business benefits Berkshire Hathaway several millions of dollars annually.
Ajit Jain's idea about the business is as follows - The possibility of making wrong decisions in the field of business is very high. Despite a lot of good deal, one wrong deal takes everything. Like a bad apple placed in a basket, it also spoils the other, in the same way you should avoid that bad deal.
Warren Buffett himself also said - Ajit has probably benefited Berkshire Hathaway from me too. I really feel like a brother or a son for Ajit.
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