In India, where Horatio Alger sagas are as rare as Hindu beefeaters, one of the rare exceptions is the career of Mohan Oberoi, India's Conrad Hilton and a onetime farm boy from the Punjab who started out in 1921 without a rupee to his name. He now owns a $20 million interest in Oberoi Hotels (India) Ltd., a string of 13 hotels, and a luscious beach guest house on the Bay of Bengal that has been host alike to nabobs, maharajas and Socialist Jawaharlal Nehru. Last week at 56, Hotelman Oberoi was constructing in New Delhi Asia's most modern...

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