Categories
BookReview

Book Review: Take Me Home

Exhilarating. 

This is the adjective that comes to mind when on reads “Take Me Home” by Rashmi Bansal, which covers the stories of 20 entrepreneurs from small town India.

The entrepreneurs come in all varieties and sizes-some are Engineer-MBA types, some are 12th pass etc.

They hail from all parts of India-Srinagar to Coimbatore to Cuttack to Rajkot to Guwahati to Meerut etc

And yet the stories of their struggle to get their businesses up and running,tangling with the bureaucracy,attracting talent,getting capital…there is a quintessential Indianness about them

I enjoyed reading each one of the entrepreneurship stories and some common takeaways I found across each one of them were as follows:

  • Importance of a supportive spouse…no entrepreneur can survive if his spouse doesn’t support him !
  • Customer centricity-Customer Bhagwan Che…you have to give quality products/services…don’t shortchange your customer
  • Determination & Grit….there will be thousands of setbacks…don’t let any get you down…In one of the stories, a Kashmiri Lady entrepreneur was fired upon with 900 rounds of ammunition by people who opposed her College.Yet she did not give up.
  • Importance of a good backer with Capital.Was surprised to see how so many of these enterprises were supported by our much maligned PSU Banks
  • Importance of inspiration.You can be inspired by successes in other countries,other Indian entrepreneurs etc.One entrepreneur returned to India from the US when he read Abdul Kalam’s message “What is the fun of basking in the glory of another’s country?”
  • The importance of networking…in our huge, complex and diverse country, commonalities of religion,region,caste,alumni etc can open doors

The book is peppered with Hindi phrases as some of the entrepreneurs are not comfortable with English.Yet this gives the Book a “Mitthi Ki Kushboo” which is charming and earthy.

One observation which I particularly liked was by Murugan, an entrepreneur from Coimbatore:

As a child, he observed stray dogs in his locality.

He wondered where they lived, what they ate? Though he never found specific answers to such questions, a few months later he could see – they had grown, they had survived.

“I understood that survival is automatic, it is natural, it is not in our hands. So every human being should try to do something beyond survival.’

Do buy this book if interested in Indian entrepreneurship.

Categories
CoatTailing

Top 5 Holdings of Ashish Dhawan

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

Ashish Dhawan is a well known investor, entrepreneur and philanthropist…probably best known for his earlier role as Sr.Managing Director at ChrysCapital.

His top 5 significant holdings as on 30 June,2017 as per stock exchanges is as given below:

Company Name NSE Symbol/BSE Code Entity Value (In Crores)
IDFC Limited IDFC Ashish Dhawan 225.33
Greenlam Industries Limited GREENLAM ASHISH DHAWAN 151.29
Dish TV India Limited DISHTV Ashish Dhawan 133.39
V-Mart Retail Limited VMART ASHISH DHAWAN 132.22
JB Chemicals & Pharmaceuticals Limited JBCHEPHARM ASHISH DHAWAN 86.74
Categories
Links

Linkfest: September 25, 2017

Some stuff I am reading today morning:

Superpower India to replace China as growth engine (Bloomberg)

Cochin Shipyard’s expansion plans (Quint)

Most PSU’s Offer for Sales have rewarded investors (BL)

Interview with Jamie Dimon (Latha Venkatesh)

How Jay Leno managed his personal money (CNBC)

America is going broke, and nobody cares (Bill Bonner)

1 Spouse,2 Cars,3 Houses,4 Jobs (Financial Samurai)

The easiest road to a $1 Million Nest Egg (RetireBy40)

Skills Vs Behavior (Collaborative Fund)

Diversification aka how to survive a cash (A VC)

Categories
TopClicks

Top Clicks on Alpha Ideas This Week

Here are the most clicked items on Alpha Ideas this week:

One Reason to be a Indian Hotels Shareholder (AI)

The Prashant Jain to watch out for (AI)

Dalal Street’s finest at HDFC Sec (AI)

BLS International: Taxation Red Flag? (AI)

Forget Buffett. Listen to Naik Instead (AI)

Zenotech Labs: Only the Doctor knows for sure (AI)

Investing as a full time career (ValuePickr)

The single biggest business opportunity (Anand Mahindra)

The fraud at Ricoh India (Quint)

What the valuations are telling you (AI)

Categories
Links

Weekend Mega Linkfest: 22 September, 2017

Some off beat reads for the weekend:

How Big Business got Brazil hooked onto junk food (NYTimes)

A 105 year old Japanese Doctor who studied longevity (Independent)

The Scotsman who knows India better than many of us (Rediff)

The College Try (California Sunday)

Escape from North Korea (SCMP)

Why nobody wants the Rohingya (Open)

The Left has turned on the Lady of Burma (Spectator)

The madness of Donald Trump (Matt Taibi)

The Professional fortunes of 2002 Godhra investigators (Caravan)

The ridiculous “Principles” of Ray Dalio (Charles)

History: How Sir M Visvesvaraya tamed Hyderabad’s floods (BI)

Travelogue: Bali (Team BHP)

Inside story of Cabinet reshuffle (Gossip Guru)

Food: Best dishes to try in Amritsar (Lonely Planet)

Toronto Diary (Outlook)