Author Archive

To IPO or not to IPO. The world of business seems vertically divided on this issue.

The difference is how do you, as an Indian entrepreneur, interpret the great Indian Karma theory in your business.  The theory of ‘one will get only that what is in one’s destiny’ or ‘one will earn only to the extent that one works’. Plenty among us think ‘whatever that I have earned is due to my hard work, my enterprise, my ingenuity, my acumen, etc. So, where is the scope for an IPO? Why should I share my silver that I have created for my family?’ Such thinking has been with us for generations. I must admit here that the thinking is changing rapidly, particularly among the young entrepreneurs. [Read More…]

The government is working hard to strengthen MSME sector in India. The redefinition of MSMEs on basis of financial turnover, relief by RBI in granting more time to pay dues, increased credit support allocation, corporate tax relief, Prime Minister’s Employment Generation Program, Pradhan Mantri Mudra Yojana, increased outlays for National Manufacturing Programme, Credit Linked Capital Subsidy Scheme, entrepreneurial and employee skill development initiatives etc. should impact fortunes of MSME sector employing 111 million people and contributing nearly 31% in GDP of India. [Read More…]

There is a lot that is currently happening on India’s SME landscape. With 95% of establishments and 80% of employment in manufacturing sector alone, and an economy that is slated to touch $5 bullion by 2015, it was about time that the SMEs took the centrestage in the policy imperatives. Beginning with the change in legal definition of what is a SME, encouraging announcements in the Union Budget, implementation of GST and demonetization, the SME sector has been impacted by many of the macro-economic steps that the government has initiated. [Read More…]

The Infosys yoyo last week has great lessons for us all in business. The IT giant of India saw radical swings in its reputation. Saddled with a challenge to maintain a balance between tough global business environment and shareholders’ expectation, it decided to buyback some of its shares. Nothing wrong in this action. A few of its peers are doing it too. [Read More…]

Amitabh Bachchan’s tweet today quoting Peter Drucker, “It is more important to the right thing, than to do things right” … we try… sometimes it works, sometimes not!! This honest confession by the person of his stature surely forces you to reflect on it. If you are an entrepreneur, you are also as much responsible to another living being: your organisation. While profits may be the main thing, it cannot be the only thing that the entrepreneur is thinking while envisioning the organisation. Great entrepreneurs also consider the ethos, values, culture, vision, mission, et al. [Read More…]