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India emerges in the forefront in the global business. Management is a systematic way of interaction between interpersonal relationships It may be noted that while Western design on management deals with the problems at superficial, material, external and peripheral levels, the Indian concepts of management inspired from various religious and philosophical books of our country contained ideas which help to tackle the issues from the grass roots level of human thinking because once the basic thinking of man is improved it will automatically enhance the quality of his actions and their results. In Indian Ethos, a great emphasis is placed on knowing oneself. Though the corporate world believes more in materialistic and commercial values, spiritual and ethical aspects are becoming equally important aspects while conducting business. Spiritual wisdom and leadership qualities are well depicted in mythological epics and ancient stories of India. Our history and culture have also insisted on welfare of humans, animals, environment and nature. Though uncommon, leadership based on ideals, transparency and integrity, ethics, spiritual values and moral excellence is desirable for all organizations.