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Sunday, Oct 17, 2021
Outlook.com

Meet The Other PC

The man who paid $5.7 billion for Basell, the biggest-ever deal involving an Indian

Meet The Other PC
Swapan Nayak
Meet The Other PC
outlookindia.com
-0001-11-30T00:00:00+05:53
No longer will India think only of the arts and academics when reminiscing about Bengal's glory, and of Tagore, Ray or Amartya. It will also think of big money. New York-based Purnendu Chatterjee has taken the legend of Bengal from verse to commerce in one formidable stroke, with the $5.7 billion (Rs 25,000 crore) deal to buy Basell, the world's largest producer of polypropylene. It's the biggest-ever business deal involving an Indian. The personal computing skills of PC, as he is informally known, have ensured he will be counted among the people who matter.

"He is symptomatic of the changing face of Bengal. Instead of writing poetry, he has been filling the account books," says Aveek Sarkar, chief editor, ABP group, who has watched PC's rise. "He is an unusual Bengali—enterprising, hard-driving, aggressive." World markets are abuzz with the news of how PC, The Chatterjee Group chairman, and another daring investor, Russian-born billionaire Leonard Blavatnik, teamed up to pull off the deal. To put it in perspective—PC now has a large piece of the global "plastic" pie....
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