24 November, 2020

Man Of Mettle

He's a man who knows his metal. Lord Raj Kumar Bagri, chairman of the London Metal Exchange,uses his ken well.

Man Of Mettle
outlookindia.com
-0001-11-30T00:00:00+05:53

THE year was 1935. Bhola Nath Bagri, then five years old, decided he didn't like the way his first name sounded. And on his first day to school in Amritsar, he made a bargain with the munshi escorting him. He'd attend school only if he was allowed to enrol under another name. A hesitant munshi relented, for he was under strict instructions to put the child in school. That's how Bhola Nath Bagri became Raj Kumar Bagri.

Impetuosity and initiative have been regular punctuations in Lord Raj Kumar Bagri's life since then. It was this that brought him to London when the government of India changed its policy on the import of metals in 1958 and made Bagri foresee a future in metals in London. He persuaded his bosses at the Calcutta-based Binani group to shift him abroad. Today Lord Raj Kumar Bagri is chairman of the London Metal Exchange (LME) and arguably the most important man in the metals trade in the world. Says he: "Nobody gives anything on a platter. But people have to have confidence in you."

It was again his...

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