Source: Syndicate Bank Annual Report 2016-17
Category: Annual Reports
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When Investing is an Adventure
And lastly, I want to share as I turned 50 in July, I have been thinking of how to infuse more adventure in our lives.
I recently went on a high attitude trek in the Himalayas. We crossed Rupin Pass at a height of 15,300 feet. We had started climbing from 5,200 feet and it was an exhilarating experience.
I am now trying to infuse a sense of adventure in our organization too by sending people to white water rafting or some treks.
A sense of adventure brings excitement, happiness and team work as well as increased risk taking ability.
Thank you ladies and gentlemen for coming along with me on this adventurous journey of Vardhman Special Steels Limited.
Whether you will make money or not, time will tell, I can only assure you that you will have quite an adventure with me.
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Copy Paste–Hatsun Agro Style
Hat Tip: Dr. Vijay Malik
The objective was to venture where no Indian pharmaceutical marketing company or trader had been before. The more dangerous they said it was going to be, the deeper one was willing to venture.
Which is how Caplin Point ventured to Angola in the Nineties.
There were two challenges in this African country; we did not know anyone who would be interested in marketing and distributing products on our behalf; the prevailing environment was so unsafe that it was usual for businessmen to be held at gunpoint in broad daylight and relieved of their possessions.
Even as this reality was forbidding, the business reality was that there was a large market for the simplest of pharmaceutical products; consumers were willing to pay a premium across the counter for immediate availability. We resolved our challenges through a lateral initiative – we managed a restaurant for Indian cuisine.
The decision was deliberate; the launch of the restaurant was positioned as high-profile, translating into attractive media visibility; soon the walkin patrons comprised the city’s prominent and influential; we commuted every two months from Chennai to manage operations in that country.
The labors paid off; we were able to forge profitable engagements with prospective distributors and our Angola operations, starting from the restaurant,emerged as the foundation on which the later success of Caplin Point would be built.
