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The present paper examines Chanakya's lesson on company administration with special focus on employee relations, teamwork, finance, and strategy. Effective administration is fundamental for the success and sustainability of any enterprise. The modern management gurus, largely from Western countries, provide a variety of lessons for good governance, highlighting on leadership, strategy, and ethical behaviour. However, such lessons were documented in India by Chanakya in his famous book Arthashastra more than 2000 years ago. The present study found that according to Chanakya, the HR department should consider qualities like desire to learn, effective listening ability, ability to reflect, ability to reject false views, and intent on truth while selecting management trainees in modern organization. But, while selecting experienced managers, the qualities to be considered are technical competence, intelligence, perseverance, dexterity, presence of mind, ability to bear troubles during emergencies, firmness, and moral strength. In managing finance, he recommends that managers must ponder over critical areas like net profit, treasury in difficult times, proper wages, budgeting, internal accounting systems, paying taxes on time, and proper accounts. To build better teamwork, he emphasized the right business partner, effective meetings, public relations, getting everyone involved, proper communication, and common purpose. In formulating strategy, managers must keep an open mind, gather required information, manage multiple projects, pursue continuous education, and practice corporate social responsibility.