Categories
Excerpts

The Co-Founder of DMart who could have been a Billionaire

Read the complete interview here

Categories
Links

Linkfest: May 09, 2017

Some stuff I am reading today morning:

S Chand to make stock market debut today (BS)

Singh brothers to seek 250 Rs/share for Fortis (Mint)

Aadhar based smartphones are here (FE)

All time high- Time to sell? (Subramoney)

Dawn of the rate hawks in India (Bloomberg)

My friend is beating me (Irrelevant Investor)

My frustrating experience with Max Life Insurance (Vipin)

The downside of financial independence (FS)

Notes from New York Sohn Conference (Part I & Part II)

Wall Street’s favorite show (WP)

Categories
BookReview

Book Review: Rokda-How Baniyas do Business

The book Rokda-How Baniyas do business by Nikhil Inamdar covers the stories of five Marwari entrepreneurs:

  1. Neeraj Gupta – Meru Cabs
  2. Radheshyam Goenka & Radheshyam Agarwal – Emami
  3. Rohit Bansal -Snapdeal.com
  4. R K Somany – Hindware
  5. V.K. Bansal – Bansal Classes

Each entrepreneur operates in a different sector and hence the book makes for an interesting read.

However, there is nothing in common in each story which one can point to and say “This is the Baniya Way of doing business”

I found the story of V K Bansal of Bansal Classes very inspiring.He was diagnosed with muscular dystrophy and doctors at AIIMS,New Delhi told him he will not survive beyond the age of 40.

He took to teaching as a way of supporting his family and his dedication and intensity to his craft resulted in not only his eponymous classes flourish but also established Kota as India’s Coaching Center Capital.

The story also offers plenty of insights into the cut-throat world of coaching.

One line about this industry is memorable “This is a business which earns first and then spends”

Being a Mumbaikar, I also liked reading about Neeraj Gupta and his struggle to get Meru Cabs going.Underworld threats (Dawood demanded 2 Crores from him) , political hooliganism, strikes , misconduct by drivers etc were some of the challenges he had to face to make his business a success.

The Book is a light and a breezy read.What irritated me was the author’s tendency in going overboard in praising the entrepreneurs and not asking any tough questions.

Do buy this book if interested in Indian entrepreneurs.

 

Categories
CoatTailing

Portfolio of Japan Vyas

This post is in continuation of my coat tailing series (see here)

To know what other top investors are  buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter

Japan Vyas is the Founder & Managing Director of Sixth Sense Ventures

His investments in his personal capacity as on 31 March,2017 as per Stock Exchanges is given below:

Company Name NSE Code/BSE Symbol Entity Name % Value (In Crores)
Sunil Healthcare Ltd 537253 Japan Mahesh Vyas 1.02 0.99
Triveni Glass Ltd 502281 Japan Vyas 1.06 0.47
Categories
Chart

Chart: Residential Rental Yields in Indian Cities

Source: Ajay Shah