Jun 5, 2015

Maharishi Group (wikigrain.org)

The Maharishi Group also called[citation needed] Maharishi group, Maharishi Group Venture, Maharishi Group of Companies and TM organization was established by Maharishi Mahesh Yogi in the 1960s.[1] The Maharishi group was reported in 2009 to be worth $700 million[2] and to have operations in over 120 countries.[1]
The Maharishi Group calls itself "India’s leading International group with diversified interests".[3] According to one of the group's entities, it is active in "Education, Housing Finance, Solar Energy, Ayurvedic Products, Printing and Publishing, Granite, Software Development and Systems Integration, Aviation, Gems, Gold and Diamond Jewellery, IT turn key projects, Digital Animation, Clothing and many more areas."[4]Another entity says that the group "covers most aspects of modern human needs" and is based on the Maharishi's vision of "ridding the Society from sufferings ... by re-enlivening the body's intelligence through connecting it to the bountiful and perpetual reservoir of Nature's Intelligence".[5]

Health products

Anand Shrivastava is president of Maharishi Ayurveda Corporation. It was founded in 1987 and is ISO 9000 compliant. It markets over 900 products to 37 countries; exports which account for 60% of its output.[6]
Maharishi Ayurveda Products Pvt Ltd. (MAPPL), also run by Anand Srivastava, announced in a 2010 press release that it had been in business for three decades, that it operated 13 clinic in India, and that it was seeking the advice of a franchise company regarding further expansion[7] A 2011 press release, announcing franchise opportunities, says it markets over 1500 products.[8] MAPPL was sued in 2008 by a resident of Maharishi Vedic City, Iowa when she discovered that she had received lead poisoning after using their products. One herbal supplement was tested and reported to contain 3% lead by weight.[9]

Solar energy

The group includes Maharishi Solar Technology (MST), an ISO 9001:2000 accredited company which produces solar water heaters for home and industrial use as well as solar pumps and lanterns for areas that don't have electricity.[10][11] MST is run by Ajay Prakash Shrivastava brother of Anand Shrivastava. Prakash Shrivastava is also the 2009–2010 president of the Solar Energy Society of India and the Vice-President of International Solar Society.[12] MST has a vertically integrated facility for producing photovoltaic panels at Kalahasti in Andhra Pradesh,[3] and is a core producer of the multicrystalline siliconwafers used to make them.[13] In 2009 it announced an agreement withAbengoa Solar Inc for the production of solar thermal collectors that useparabolic trough mirrors to produce steam. MST said that it would investRs 300 crore to acquire the technology and to build a factory in Noida to make the collectors.[11] Maharishi Renewable Energy Ltd (MREL) announced a plan to invest Rs 70 crore in a solar thermal electric generating plant in Rajasthan to be completed in 2011.[2]

Education

Maharishi Vidya Mandir Schools is an educational system with 148 branches in 118 cities. The chairman is Ajay Prakash Shrivastava.[14][15]
Picasso Digital Media, headquartered in Delhi, provides education in digital animation in conjunction with Toronto's Centennial College.[16][17][18] Picasso Animation College held its first convocation at its Hyderabadcampus in 2010, hosted by its director general, O. P. Sharma.[19]
Other educational franchises include the Cosmic Institution of Neo Entertainment, Media and Arts (C.I.N.E.M.A.) and the Cosmic Business School (CBS).[20] Many CBS graduates are hired directly into Maharishi Groups businesses or are recruited by other business partners.[21][22]Started in 2004,[22] its president is Ajay Prakash Shrivastava and the director general is O.P Sharma.[23] Cosmic Academy, affiliated withManipal University, offered the first-ever MBA in Business Process Outsourcing in 2004.[24]

Software

Maharishi Information Technology Pvt. Ltd. (MITPL) was founded in 1999.[25] Cosmic Softech Limited is a software development company in New Delhi, one division of which is Cosmic Integrated Technology Services (CITeS).[5][26] Founded in 2000, it seeks to provide "comprehensive e-commerce solutions, web based technologies, enterprise business solutions designed around multi-tier architecture and telecommunications software development."[27]

Finance

The Maharishi Housing Development Finance Corporation (MHDFC) was established in 1993 in New Delhi. By 2000 it offered seven and 15-year loans and proposed a plan for 40-year mortgages.[28] By 2003 it had 15 branches across India, a loan portfolio of Rs104 crore, and the Maharishi University of Management of UK was listed as a promoter.[29]The sale of the controlling interest to ICICI Bank was initiated in 1999,[30][31] and the negotiations continued through 2003.[29] In 2009 it was announced that Religare Enterprises was planning to acquire a majority stake in MHDFC.[32]

References

  1. a b Das, Sandip (12 October 2009). "Harnessing solar power for industrial use.". The Financial Express.
  2. a b Mahalakshmi, BV (12 November 2009). "Maharishi to acquire tech from German co"The Financial Express (New Delhi).http://www.financialexpress.com/news/Maharishi-to-acquire-tech-from-German-co/540299/.
  3. a b "Maharishi Solar Technology announces tie-up with Abengoa Solar" (Press release). Global Solar Technology. 15 September 2009. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbikWwqJ. Retrieved 5 April 2010.
  4. ^ "Maharishi Group". Picasso Digital Media. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbinCRGJ. Retrieved 5 April 2010.
  5. a b "THE MAHARISHI GROUP". Maharishi Ayurveda Products Pvt. Ltd.. 2007. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbipx5z9. Retrieved 11 April 2020.
  6. ^ "Chennai". The Hindu (India): p. 1. 13 September 2000.
  7. ^ "Maharishi Ayurveda consult Francorp to advice for its expansion Pan-India" (Press release). Free-Press-Release Inc.. 8 March 2010. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbitElKf.
  8. ^ "Maharishi Ayurveda Products Pvt Ltd announces the launch of its franchise model" (Press release). 4 January 2011. Archived from the original on 20 January 2011.http://www.webcitation.org/5vtN5CUJl.
  9. ^ Binegar, Erika (8 March 2008). "Title:Vedic City woman charges herbs caused lead poisoning.".Gazette (Cedar Rapids, Iowa).
  10. ^ Doe, Paula, (April 24 2008)Chindia Rushes Into Solar Solid State Technology, retrieved April 21 2012
  11. a b Das, Sandip (12 October 2009). "Harnessing solar power for industrial use"The Financial Express (New Delhi).http://www.financialexpress.com/news/harnessing-solar-power-for-industrial-use/527767/.
  12. ^ "Governing Council of SESI 2009–10". Solar Energy Society of India.http://www.sesi.in/governingcouncil.asp. Retrieved 6 April 2010.[dead link]
  13. ^ "Get a Deep Insight into the Global & China Solar Polysilicon Industry Chain Report". Business Wire (New York). 3 December 2007.
  14. ^ "About Chairman". Maharishi Vidya Mandir public school. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbj4jfrK. Retrieved 6 April 2010.
  15. ^ Pradhan, Sharat (10 February 2008). "Maharishi Mahesh Yogi to be cremated in grand ceremony". Rediff.com.http://www.rediff.com/news/2008/feb/10look.htm. Retrieved 6 April 2010.
  16. ^ Mackinnon, Donna Jean (28 September 2006). "India has a huge demand for digital expertise Animation, India- style". Toronto Star: p. J.1.
  17. ^ Chandrasekaran, Anupama (2 July 2007). "Maharishi Group’s Picasso To Invest $9 Mln In Animation Education, Production".contentSutra.http://contentsutra.com/article/419-maharishi-groups-picasso-to-invest-9-mln-in-animation-education-product/.
  18. ^ "Ontario colleges animate India".National Post (Don Mills, Ont.): p. FP.3. 2 October 2006.
  19. ^ "Picasso Animation College Organises Its First Convocation In The City" (Press release). India PRwire. 29 March 2010.http://www.indiaprwire.com/pressrelease/education/2010032946814.htm.
  20. ^ "About Cinema". Cosmic Institution of Neo Entertainment, Media and Arts.http://www.cinemasite.in/aboutcinema.php. Retrieved 4 April 2010.[dead link]
  21. ^ "Cosmic Business School: A recession proof career: MBA with SAP education". IndianMBA.com. 11 July 2009. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbjWFi4D. Retrieved 6 April 2010.
  22. a b "ABOUT COSMIC BUSINESS SCHOOL". minglebox. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbjbhvNY. Retrieved 9 April 2010.
  23. ^ "Faculty". Cosmic Business School. Archived from the originalon 8 September 2010.http://www.webcitation.org/5sbjfWCOI. Retrieved 8 April 2010.
  24. ^ Gohain, Manash Pratim (16 November 2004). "Now, MBA in BPO". Asia Africa Intelligence Wire.
  25. ^ "Maharishi's Programmes in India: Maharishi Information Technology". Maharishi Vedic University. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbjn0c2K. Retrieved 5 April 2010.
  26. ^ "Home page". Cosmic Softech Limited. Archived from the originalon 8 September 2010.http://www.webcitation.org/5sbjrV1vH. Retrieved 4 April 2010.
  27. ^ "Maharishi group"The Tribune(India). 20 June 2000. Archived from the original on 8 September 2010.http://www.webcitation.org/5sbjzj29k.
  28. ^ "India: Maharishi Housing to offer 40-yr loan scheme". Business Line. 8 March 2000.
  29. a b "ICICI BANK IN DUE DILIGENCE FOR MAHARISHI HSG FIN BUY (to complete due diligence process by Jun 2003)".Asia Africa Intelligence Wire. 29 May 2003.http://www.financialexpress.com/news/icici-bank-in-due-diligence-for-maharishi-hsg-fin-buy/71683/.
  30. ^ "Maharishi's Programmes in India: Maharishi Housing Development Finance Corporation". Maharishi Vedic University. Archived from the original on 7 February 2004.http://web.archive.org/web/20040207202601/http://maharishi-india.org/companies/c2/index.html. Retrieved 5 April 2010.[1]
  31. ^ "Religare forays into home fin biz; buys 87.5% stake in MHDFC".The Press Trust of India Ltd.. 28 May 2009.
  32. ^ Patel, Rupal (6 April 2009)."Religare To Acquire Controlling Stake In MHDFC".http://business.highbeam.com/436238/article-1G1-197743688/religare-enterprises-acquire-majority-stake-maharishi.

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