Thread by @amitkhandelia

#Theunusualbillionaire #Asianpaints "‘Champakbhai used to say that “Gareeb apni dahleej zaroor rang karega, poora... amzn.in/9Wh5uk2

Mangesh Pathak, a former employee of #AsianPaints, told me in, ‘Within six months of joining Asian Paints in 1996 as a management trainee, I was given independent responsibility to manage one of the six regional distribution centres.’" #TheUnusualBillionaires #SaurabhMukherjea

Jalaj Dani, member from one of the promoter families of #AsianPaints, also told us, This firm has had a culture that has allowed the professionals to do what they like to do, which results in people delivering great ideas and doing great things.’" #TheUnusualBillionaires

‘I order products from #AsianPaints five to ten times in a day and receive supplies three to four times daily. Even if others copy this in a few years, they will have frequent stock-outs, and hence won’t meet our requirements" #TheUnusualBillionaires by #SaurabhMukherjea)

The founding chief investment officer of a leading equity mutual fund told me in October 2015, ‘Distributors are the bedrock of #AsianPaints’s success, and their relationship is mutual. They look after Asian Paints and Asian Paints looks after them.’#TheUnusualBillionaires

"Rupee invested in #AsianPaints in January 1991 is worth Rs 299 in April 2016,implying a compounded annual return of 25 per cent, implying a CAGR of 14 per cent. Thus Asian Paints has outperformed the Sensex by 11.6 times over the past twenty-five years.#TheUnusualBillionaires

"member of @BergerPaintsInd senior management told me, ‘One of the biggest contributions of the promoters is that they have always given us a lot of freedom and flexibility to operate.#TheUnusualBillionaires

"Rupee invested in @BergerPaintsInd in April 1994 is worth Rs 212 presently (in April 2016), implying a compounded annual return of 28 per cent. Thus, Berger has outperformed the Sensex by 31.5" #TheUnusualBillionaires

"#Marico is named after its founder, Harsh Mariwala, whose grandfather—Vallabhdas Vasanji—came to be known as Mariwala because of his proficiency in trading pepper, which in Gujarati is known as mari." #TheUnusualBillionaires

"Keki Dadiseth, the then chairman of HUL, said, ‘Mr @hcmariwala , I will give you enough resources to take care of you and all your future generations.’ Mariwala spurned the offer and dug in his heels. Thus began an epic brand war which would come to define Mariwala and #Marico."

"Openness: When Marico moved into its new office after its incorporation in 1990, in a first for an Indian company, an open office was created where the top management didn’t sit in cabins. First names were used to reinforce informality."#TheUnusualBillionaires

Empowerment of responsibility: There are no attendance registers (or musters as they are commonly known in factories) to be signed for daily attendance, and employee leave is not monitored; #TheUnusualBillionaires #Marico

Integrity: In order to reinforce integrity, employees authorize their own expense claims up to a preset limit, instead of authorization from seniors #TheUnusualBillionaires #Marico

Meritocracy: A significant portion of an employee’s variable remuneration is based on the individual’s performance rather than on the company’s overall performance. This helps stress the concept of meritocracy.
#TheUnusualBillionaires #Marico

"Equally notable is the presence of a crèche for employees’ children at the bank’s headquarters in Worli. In a city where prime real estate is amongst the most expensive in the world,is tangible proof of how far #AxisBank is willing to go for its employees.#TheUnusualBillionaires

"‘We have developed an in-house software using a barcoding system that automatically measures each operator’s performance and skill level and assigns her a salary grade. There is no manual intervention here, so that they are immune from bias." #TheUnusualBillionaires #Jockey

"‘Jockey gives me 25–30 per cent margin compared to around 35 per cent for some other brands.However, if I keep other brands and Jockey in front of new customers;out of ten customers, seven will walk out with Jockey. I can guarantee that.’" #TheUnusualBillionaires #PageIndustries

"women account for as high as 88 per cent of Page’s labour force. The primary benefit of this is reduced probability of labour unrest as compared to a male-dominated workforce." #TheUnusualBillionaires #PageIndustries

‘Mr Sunder Genomal invited me with my whole family for the fashion show at ITC Windsor Hotel during the launch of Jockey in 1995. They also invited Sushmita Sen, Page’s management team and Sushmita Sen came to my store for its inauguration.’#TheUnusualBillionaires #PageIndustries

"‘We said we’ve never lived in India or done business there. Then president of Jockey, actually said to me in 1993, ‘Should you guys decide to take up the licence, you will one day become the biggest licensee of Jockey in the world.’#TheUnusualBillionaires #PageIndustries

"A rupee invested in Page Industries’ IPO in March 2007 is worth Rs 34 presently (in April 2016), implying a compounded annual return of 47 per cent. Thus Page Industries has outperformed the Sensex by 16.6 times" #TheUnusualBillionaires #PageIndustries

"@HDFC_Bank is so well known for its focus on systems and processes that one insider calls it an SOP bank."#TheUnusualBillionaires by #SaurabhMukherjea

"Moreover, unlike big brands, @HDFC_Bank has never used a celebrity for endorsement. Its high brand recall, despite the relatively low advertising budget and lack of celebrity endorsements, is built on plain, old-fashioned customer service. #TheUnusualBillionaires

@HDFC_Bank "‘His biggest strength is simplicity and humility. There has been no change in his personality even after the manifold growth of Astral. He still drinks tea from a roadside stall along with his dealers.’ #TheUnusualBillionaires #Astralpolytech

@HDFC_Bank "As market strategy consultant, Rama Bijapurkar, says, ‘I have observed them (#AsianPaints) for thirty years and all through this period, they have obsessed about hiring the best people, about having the best IT and the smartest technology-driven process."#TheUnusualBillionaires

‘The promoters go over and beyond the call of duty in helping out its employees and distributors in times of need. ‘#AsianPaints’s ex-employees go on to lead companies. Examples are Abhijit Roy (CEO, Berger Paints), Sanjeev Aga (former CEO, Idea Cellular),’#TheUnusualBillionaires

"‘#AsianPaints hired only from the top five business schools of the country, especially the IIMs in Ahmedabad and Kolkata. In fact, Asian Paints is a Day-Zero company in both of these business schools, i.e. it gets to pick the best talent in the country. #TheUnusualBillionaires

‘It is the task of leadership to create and nurture an environment in which a multitude of talented minds work in harmony so that mutual competence is reinforcing rather than debilitating.’—Champaklal Choksey (2 August 1997)." #TheUnusualBillionaires by #SaurabhMukherjea

"As Bandyopadhyay says : ‘ #ICICIBank is volatile; HDFC shares are range-bound. The same applies to earnings. ICICI Bank is often unpredictable, both surprisingly and shockingly. #HDFCBank is monotonously predictable on most financial parameters.’" #TheUnusualBillionaires

#icicibank is flamboyant, innovative and quick as a flash when it comes to seizing an opportunity. #HDFCBank is staid and waits for opportunities but emerges a winner at the end of the day.’— Tamal Bandyopadhyay, A Bank for the Buck (2013)."#TheUnusualBillionaires

There is enormous potential in the innerwear space which is yet to be exploited. We are just scratching the surface currently. So there is no point in diluting our focus on the Jockey business .’—Sunder Genomal, promoter of #PageIndustries. #TheUnusualBillionaires

"#Marico, Saugata Gupta, explained the company’s philosophy ‘In today’s world, you have to manage contradictions between long-term and short-term plans. I think our philosophy and my personal belief is that you need to strike a balance between the two. #TheUnusualBillionaires

"‘We love to be boringly consistent.’—Saugata Gupta, MD and CEO, #Marico." #TheUnusualBillionaires by #SaurabhMukherjea

‘A leader who says “I have got ten priorities” doesn’t know what he’s talking about—he doesn’t know himself what the most important things are. You’ve got to have these few, clearly realistic goals and priorities, which will influence the overall performance of the company.’

"Some of the promoters maintain a deliberately low profile—the Dhingras of Berger Paints, the Danis of Asian Paints and the Genomals of Page Industries. #TheUnusualBillionaires by #SaurabhMukherjea

All of these promoters—specifically #AsianPaints, #BergerPaints and #Marico—are renowned in their hands-off approach to business and encouraging talent within the company,unlike the typical Indian promoter mentality of centralizing power and wealth in his and his relatives’ hands