🌟 OPPORTUNITY & DECISION
This is a real world story of a friend.
In 2003, the friend's father was looking out for a job and interviewed in Eicher Motors.
Friend was studying in 4th grade. A typical middle class family from Mumbai.
Father got selected for the job.
(1/10)
This is a real world story of a friend.
In 2003, the friend's father was looking out for a job and interviewed in Eicher Motors.
Friend was studying in 4th grade. A typical middle class family from Mumbai.
Father got selected for the job.
(1/10)
The job was for a senior position.
Eicher Motors offered him a salary of ₹21,000 per month with additional stock option bonus of 5000 stocks of Eicher Motors credited over next 3 years.
At the same time, the father had applied at HPCL.
He got selected there as well.
(2/10)
Eicher Motors offered him a salary of ₹21,000 per month with additional stock option bonus of 5000 stocks of Eicher Motors credited over next 3 years.
At the same time, the father had applied at HPCL.
He got selected there as well.
(2/10)
HPCL offered him a salary of ₹28,000 per month with no additional bonus as such.
He had 2 offers in hand.
He rejected Eicher Motors's offer letter and joined HPCL.
His rationale:
HPCL is a Govt backed job and offering more salary per month. He had a family to support
(3/10)
He had 2 offers in hand.
He rejected Eicher Motors's offer letter and joined HPCL.
His rationale:
HPCL is a Govt backed job and offering more salary per month. He had a family to support
(3/10)
Also, he had to plan for his child's higher education and also for his comfortable retirement.
Eicher Motors after all was a private company and bikes were not in great demand back then (not bullets at least) so that job was a risk he thought.
He happily joined HPCL.
(4/10)
Eicher Motors after all was a private company and bikes were not in great demand back then (not bullets at least) so that job was a risk he thought.
He happily joined HPCL.
(4/10)
Fast forward 15 years...
Eicher stock is trading at ₹30,000 per stock in 2018.
In 2003, when he was offered 5000 stocks, the stock was trading at ₹85 per stock.
Value of 5000 stocks;
🗓️ In 2003 : ₹ 4.25 Lakh
🗓️ In 2018 : ₹ 15 Crore!
He retired in 2019.
(5/10)
Eicher stock is trading at ₹30,000 per stock in 2018.
In 2003, when he was offered 5000 stocks, the stock was trading at ₹85 per stock.
Value of 5000 stocks;
🗓️ In 2003 : ₹ 4.25 Lakh
🗓️ In 2018 : ₹ 15 Crore!
He retired in 2019.
(5/10)
At the time of retirement, he had saved ₹45 lakh as his retirement fund. He had a decent house.
The friend pursued engineering as is working at an IT company.
They're living a normal life of a middle class Mumbai family even today.
Had he chosen Eicher back then...
(6/10)
The friend pursued engineering as is working at an IT company.
They're living a normal life of a middle class Mumbai family even today.
Had he chosen Eicher back then...
(6/10)
A massive opportunity knocked at his door. An opportunity which not everyone is lucky enough to get.
Sadly, he was a master at his profession but not financially aware.
He did not consider consulting a financial expert for advice.
He opted short term benefits.
(7/10)
Sadly, he was a master at his profession but not financially aware.
He did not consider consulting a financial expert for advice.
He opted short term benefits.
(7/10)
What happened in these 15 years?
In 2004, a movie called "Dhoom" released in India which took the bike craze to next level.
Youngsters were exposed to the biking world.
Eicher Motors & Bajaj Auto rode that trend with their Royal Enfield and Pulsar models.
(8/10)
In 2004, a movie called "Dhoom" released in India which took the bike craze to next level.
Youngsters were exposed to the biking world.
Eicher Motors & Bajaj Auto rode that trend with their Royal Enfield and Pulsar models.
(8/10)
Eicher Motors created fortunes by the sales of Royal Enfield models which quickly became a trend and a status symbol among youngsters.
The father now feels the pain of missing the golden opportunity but tries to cover it by saying he is very content in life.
(9/10)
The father now feels the pain of missing the golden opportunity but tries to cover it by saying he is very content in life.
(9/10)
Moral of the Story:
Throughout our lives, opportunity strikes at unexpected places & times.
We need to be prepared to grab the opportunity & make the most of it
How to be prepared - Hard work, learning & practice.
Hard work beats talent when talent doesn't work hard!
(10/10)
Throughout our lives, opportunity strikes at unexpected places & times.
We need to be prepared to grab the opportunity & make the most of it
How to be prepared - Hard work, learning & practice.
Hard work beats talent when talent doesn't work hard!
(10/10)
