From crisis to Harvard B-school

Raisina Hill

 On August 21, M Damodaran, administrator, Unit Trust of India (Special Undertaking) and chief executive officer, UTI Mutual Fund, made a presentation to a Parliamentary consultative committee on the status of the mutual fund behemoth since the shock of July 2, 2001 when sales and repurchase of its flagship US-64 scheme were suspended.

 Many Parliamentarians, including Finance Minister Jaswant Singh, were particularly impressed with his Power Point presentation. The fact that the mother of all business schools, Harvard, had expressed interest in undertaking a case study on UTI