AJIT JAIN- Another Indian at the helm!

Finally,Ajit jain, who had been touted to head Berckshire Hathaway has been officially declared the successor of Mr. Warren Buffet. .Mr. Ajit is an alumni of IIT, Kharagpur. It is a remarkable achievement for Ajit, an even more remarkable achievement for India.

Mr, Jain currently heads the Insurance Business of Berckshire Hathaway.Jain placed ads in industry publications, offering to take on risk from corporations and insurers for $1 million or more in annual premiums. The cash he has amassed -- $1.7 billion a year on average since 1998 -- has helped make Jain a leading candidate among investors to be Buffett's successor.

Ajit could pull it of successfully from his competitors Joseph Brandon, who runs reinsurer General Re Corp.;Tony Nicely, chief of auto insurer Geico Corp.; Rich Santulli, who runs NetJets Inc., a specialist in business charter flights; and David Sokol, who leads utility owner MidAmerican Energy Holdings Co.

Hope Ajit amasses much more wealth for the Value Investment guru- Warren Buffet.