In the mid-1980s, Udayant Malhoutra joined his father’s hydraulic gear-pump factory in northwest Bengalaru, ready to transform it into something greater. When the Soviet Union collapsed, Malhoutra proposed selling gear pumps to the Indian Army for its aging Russian-built tanks, an idea that gave the company, Dynamatic Technologies Ltd., a foot in the door to a world dominated by state-run enterprises.  Dynamatic established a reputation for suggesting innovative solutions to ...

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