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

Categories
Links

Linkfest: May 08, 2017

Some stuff I am reading today morning:

Hudco IPO opens today (Mint)

What Macron’s win in France means for India (Quint)

Cognizant layoffs worry employees (ET)

Baahubali franchise set to collect 2,000 Crores (BS)

RBI’s war on NPAs gets a boost (Bloomberg)

Small & Midcap funds get swamped with cash (BL)

Hidden facts about bond fund performance (MF Critic)

How to read quarterly results (Investing Journal)

Story Telling Animals (Pension Partners)

Being a landlord tests my faith in humanity (FS)

Categories
Plug

Sohn Conference is Baaaack !

A big shout out to the Sohn India Conference !

They are back again on June 5th at Grand Hyatt, Mumbai with an exciting array of confirmed speakers which include Rakesh Jhunjhunwala, Raamdeo Agrawal, Sunil Singhania, Kenneth Andrade, Akash Prakash, Rukhshad Shroff etc

The format of the conference is to have around 10 speakers who speak on their favorite investment idea for 15 minutes each. No Q&A.

All proceeds of the event will go to charity- to the Tata Memorial Cancer Research Hospital’s pediatric wing .

The Notes from last year’s Conference can be seen here.

Last time, many people could not attend as the registrations closed quite fast.

So book your registration now when seats are still available.