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Malini Saba – Success Story

Malini Saba – Success Story

A True Success Story

Saba Industries Incorporated, is known for its strong holdings in Mining and Agriculture. The company produces iron ore, Gold, Bauxite, Palm oil and Rice. Malini dove into the commodity space believing that we all need raw material. Although Saba Industries has grown exponentially, it still remains a family-owned business.

Saba graduated from high school and later graduated with a degree in Psychology. After many failed relationships, she married and had children. Saba is an ardent entrepreneur and started her business in the 1990’s and still stands at the helm as the CEO of the company.

Saba’s net worth, as estimated to be over $1.5 billion dollars (USD). Among her several philanthropic contributions are donations to Australian Outback doctors, San Francisco Arts Academy, India’s Artists, and Children’s Hospital in Cambodia. Saba also owns farms that specialize in organic farming.

She has been awarded the Entrepreneur of the Year, Philanthropist of the year, Kalpana Chawla award, the Mother Theresa Award and the Federation Peace award for her global Philanthropic work.

She contributes to different causes through her philanthropic initiative Saba Family Foundation.

Hard work, discipline and a keen sense of business is what makes her one of the most successful contemporary business woman.

The Iceberg Ilusion

Understanding Employees – Important for Success

Understanding Employees – Important for Success

Why understanding your employees is important for Success.

By Rajeshwari Sajosh

I wanted to interview Saba to understand her views on Management and what she thought about hiring more women in her field.

Her feedback was enlightening. She has some strong views on management and gender equality in the workplace.

She had four areas which she focused on beginning with :

Unite, Don’t Direct

There’s a fine line between a leader and a manager. For one, a leader inspires employees to follow her lead and pursue her goals. A manager, on the other hand, leads by instruction and directives. This is why Malini Saba finds one more successful than the other:
In my experience, encouraging a team-oriented culture that is focused on uniting employees behind a shared sense of purpose and a common goal is more effective than offering directives. If you and your leadership team are on the same page with this approach, it is much easier to engage employees throughout the firm to meet those collective goals.  

Tailor the Experience

The first step in achieving gender equality in the workplace is understanding and supporting the fact that men and women work differently. Most importantly, Saba encourages women to find opportunity in everything:

As employers, we need to accept that women and men operate differently in the workplace and set up development and training programs that are designed to target high potential employees in both groups. As women, we need to remind ourselves to have an ‘opt in’ attitude. Career downturns happen to everyone and we must remember to treat them as opportunities to change how we work or try something new. That is what shows our true mettle.

Invest in professional development

When it comes to increasing female executive leadership, Malini  reminds employers to create equal and ample opportunities for women to climb the corporate ladder:
Companies must invest in their female employees’ leadership and professional development. I’m very proud of the numerous development and mentoring programs that Saba Industries has in place to help women excel at our firm and we’re seeing results that are validating this approach.

Ending gender pay inequality 

Unfortunately, gender Pay inequality still very much exists. But, as Saba suggests, there are ways to combat this inequality both inside and outside of the workplace:
The issue is complex because there is still no single answer as to why. Saba Industries’s interest in this issue goes far beyond our organization; we want to empower women’s financial futures, and that means putting programs, such as our seminars, in place to help them understand their finances.

Being the President and CEO of a multinational corporation is no easy feat. But Malini Saba shows us that through hard work, the right attitude and a great team, it is possible.

10 tips for achieving what you want in life

10 tips for achieving what you want in life

10 tips for achieving what you want in life

By Rosana Yacob

I sat in the Ritz Carlton in Malaysia waiting for Malini Saba to arrive. While I was waiting, I started talking to the concierge. He went on to tell me about how he met Saba two years ago when she first took the apartment at the Ritz. He said she was so motivated to get the best deal we had and she was relentless and we caved in.

Malini arrived and walked directly to me as if she had known me for years. She was so welcoming and warm and it put me at ease to start the conversation. I wanted to ask her what are your tips for people are out there to achieve their dreams in life.

She leaned back into the armchair and crossed her legs and replied “I have 10 things that I have lived by and I have applied my whole life.”

1. Focus on commitment, not motivation.

Just how committed are you to your goal? How important is it for you, and what are you willing to sacrifice in order to achieve it? If you find yourself fully committed, motivation will follow.

2. Seek knowledge, not results.

If you focus on the excitement of discovery, improving, exploring and experimenting, your motivation will always be fueled. If you focus only on results, your motivation will be like weather—it will die the minute you hit a storm. So the key is to focus on the journey, not the destination. Keep thinking about what you are learning along the way and what you can improve.

3. Make the journey fun.

It’s an awesome game! The minute you make it serious, there’s a big chance it will start carrying a heavy emotional weight and you will lose perspective and become stuck again.

4. Get rid of stagnating thoughts.

Thoughts influence feelings and feelings determine how you view your work. You have a lot of thoughts in your head, and you always have a choice of which ones to focus on: the ones that will make you emotionally stuck (fears, doubts) or the ones that will move you forward (excitement, experimenting, trying new things, stepping out of your comfort zone.)

5. Use your imagination.

Next step after getting rid of negative thoughts is to use your imagination. When things go well, you are full of positive energy, and when you are experiencing difficulties, you need to be even more energetic. So, rename your situation. If you keep repeating I hate my work, guess which feelings those words will evoke? It’s a matter of imagination! You can always find something to learn even from the worst boss in the world at the most boring job. I have a great exercise for you: Just for three days, think and say positive things only. See what happens.

6. Stop being nice to yourself.

Motivation means action and action brings results. Sometimes your actions fail to bring the results you want. So, you prefer to be nice to yourself and not put yourself in a difficult situation. You wait for the perfect timing, for an opportunity, while you drive yourself into stagnation and sometimes even into depression. Get out there, challenge yourself, do something that you want to do even if you are afraid.

7. Get rid of distractions.

Meaningless things and distractions will always be in your way, especially those easy, usual things you would rather do instead of focusing on new challenging and meaningful projects. Learn to focus on what is the most important. Write a list of time-wasters and hold yourself accountable to not do them.

8. Don’t rely on others.

You should never expect others to do it for you, not even your partner, friend or boss. They are all busy with their own needs. No one will make you happy or achieve your goals for you. It’s all on you. It’s all on you.

9. Plan.

Know your three steps forward. You do not need more. Fill out your weekly calendar, noting when you will do what and how. When-what-how is important to schedule. Review how each day went by what you learned and revise what you could improve.

10. Protect yourself from burnout.

It’s easy to burn out when you are very motivated. Observe yourself to recognize any signs of tiredness and take time to rest. Your body and mind rest when you schedule relaxation and fun time into your weekly calendar. Do diverse tasks, keep switching between something creative and logical, something physical and still, working alone and with a team. Switch locations. Meditate, or just take deep breaths, close your eyes, or focus on one thing for five minutes.

“I use these as my mantra for everything I do”, explained Malini. I am never ever lazy to get up again and try it one more time. One should never be afraid of failure. I have failed many times, it’s not the amount of times you fail that matter, it’s how many times you are willing to get back up and fight for what you believe and want to achieve in your life.

It was so inspirational. As I left the interview I realized she had made me feel I can do anything I put my mind too.

WOMEN IN THE MINING INDUSTRY

WOMEN IN THE MINING INDUSTRY

Women In the Mining Industry

By Louisa Rampet

 

Mining has a reputation for being rough, remote and dangerous, as well as being one of the most male-dominated industries in the world.

This is true for Malini Saba, CEO of Saba Industries, whose mining journey started at the age of 30 when she decided to invest heavily in the commodity space. She began at ground zero.

She has built a thriving business and now owns over 7 large Mines internationally.  Her company owns mines that produce Iron ore, gold and Bauxite.

Malini says “Women must challenge their own comfort and realize the possibilities this environment has to offer, and attitudes of both males and females needs to be shaped by the pioneers in the environment.”

She also feels that young girls should be encouraged to pursue math, science and engineering subjects.  Furthermore, she feels that education in schools and universities surrounding the “exciting career opportunities that await women in the mining industry” should be improved.

I went on to ask her further questions about her role and experience.

Q : What have you enjoyed most about your role in the industry?

Malini Saba : I have spent more than fifteen years  in the mining industry and have seen significant changes and challenges. Being an owner and executive has its challenges. I have dealt with building new mining projects and running operations in countries that are not mining friendly, or are politically unstable or under high risk of executive kidnappings.

I have seen natural disasters such as floods, to earthquakes and malaria.  I’ve witnessed labor unrest and strikes in some of our Asian countries, with the invasion of our mining pits by hundreds of illegal miners. So, the role has never been boring and has always stretched me.

Q : What do you consider the most successful aspect of your mining leadership to date?

Malini Saba : I was part of a team that supported and coached an executive team through a significant organizational crisis a couple of years ago. Our team took the company through a huge expansion phase for a few years on the back of a very favorable commodity rise. We were faced with huge skills shortages at a time when many companies in the mining industry and neighboring industries were going through a similar expansion phase, and so we were highly focused on the recruitment, development and retention of key skills.

I led the team that redesigned and restructured the entire global business in a process involving redefining for each function and area what work was transactional and what was strategic and how the work would be delivered at operating unit, regional or corporate level. Within a twelve-month period, we had achieved both our cost-saving and our restructuring objectives.

Q : Why do you think there is such a big gender gap in the industry?  What is needed to create change?

Malini Saba : Mining can be perceived as dirty and dangerous and with the potential to create significant environmental damage if not managed ethically.  As such, the industry struggles to attract not only women but also young talent. I feel women think it’s a dirty job. It is a job that you have to eat and breath in order to compete.

Malini Saba   –  “ Remember we can’t move the resources, which often means remote locations, perhaps fly-in, fly-out operations or shift rotations. Remote locations, as opposed to corporate offices in large urban centers, don’t pose quite the same kind of challenges, and may fit more seamlessly into a career path that includes work-life balance as part of its goal.”  Example deep in the jungles of Kalimantan.

Furthermore, even if a company adopts and promotes an inclusive culture, mining is faced with a unique challenge in dealing with multiple environments, as Saba explains.

“You’ve got the mine site. You’ve got the corporate office, individuals in the field doing exploration, all being linked together in the sector. What can happen is you may have a strong corporate policy about respect in the workplace and diversity but getting that to trickle to all sites and all places that your company is doing business is a challenge.”

Thus, a lot has to change on the mindset of the miners. This should come from the culture the company puts in place from day one. It means constant reinforcement.

Q : Is your company doing anything about the gender gap?

Malini Saba : Yes we hire women. We also work with a lot of tribal families in the jungles. There we seek more women to work at the mines. We train them. They work and earn a living and at the same time be able to walk back home to their long houses.

It is a slow process to bring in women from the cities to go to the remote areas. But we have not stopped trying. Getting women in the corporate side of the business has not been that huge of a challenge.

The mining industry needs to do more to attract women into core technical roles, and to put in place clear talent management and coaching programs to help accelerate women into more senior roles and provide more flexible working arrangements. This includes policies around bursaries and scholarships, maternity leave, and equal pay for equal work.

Investor Characteristics Five Key Essential Ingredients

Investor Characteristics Five Key Essential Ingredients

Investor Characteristics Five Key Essential Ingredients

What makes a good investor?

By Richard West

I met Ms. Saba in Australia. I was privileged to have an hour to interview her. My question to her was two-fold, ”1) What makes a good investor and 2) How did you build your portfolio of companies?”

“There are five key characteristics are needed in order to become a good investor”, she said.

Investor Malini Saba

An average investor uses his/her money and invests the rest; a good investor invests his/her money and uses the rest. Investing is a risk vs. returns game.

  1. Goal setting - Failing to plan is planning to fail!
    A good investor will always have clear goal. It is very important to have a plan to achieve the goals. Variations most likely tend to divert an investor from the agenda. Having a plan of action within a defined period of time for a particular return on investment is a sign of a good investor. They are prepared for the uncertainty of the market while the plans are usually made considering both the sides.

  2. Knowledge - When you know better, you do better!
    Besides utilizing time to the best, a good investor possesses knowledge of the market. He/she understands the position of funds and has researched about the company investment strategy and philosophy. You need to know where your money is being utilized. A good investor analyses the growth pattern of the company over the years from genuine sources. On the accounts of the anticipations and knowledge a good investor will have a defined plan for exit point as well. An active learner who is open to make a right choice on the basic of genuinity of knowledge is a good investor.

  3. Right Decision - Listen to the world but do what is right!
    A good investor knows the time. They keep an eye on current scenario in the market. They update their knowledge about market activities and growth. Having a sound understanding of trends enables the investors to overlook their plans and decide the term of investment. Having an understanding of current trends and company market position makes one a good investor. They own their mistakes and learn not to make them again. It’s not necessary that the good investor jumps into the trends; he/she just does what is right.

  4. Patience - Keep calm and carry on!
    Over the period of time a good investor creates wealth due to his patience. It is probably the finest quality to have. A good investor has faith in his plans. They usually do not feel bad about the 10% downtick; they would rather sit tight to celebrate the 100% uptick. They are persistent about sticking to the plans. They usually do not get into the buy and sell trends.

  5. Risk Aversion - Know thyself!
    Good investors know the inherent risk in investing. They understand their plans and analyze their expected returns. Being risk averse is a quality shaped by experience, knowledge and confidence over the above mentioned key characteristics.

Malini Saba’s Mantra:

“Remember to let go once you have decided to invest your money. The rest is in the hands of those you have entrusted to do the job. Thus, choose well and wisely based on analysis and research and also use your gut instinct. If you do those well, the rest is in the pudding as the British say.”