Sometime in 1976, Mrs Rajini Bector began making ice creams with a hand churner at her house in Ludhiana.. The initial response encouraged her to buy an oven that cost Rs 300 then 🧵
Two years later, her husband Dharamvir became her first investor, giving her a capital of Rs 20,000 that helped her launch a full-fledged bakery business.
This fledgling venture became Mrs Bectors Foods, which sells Cremica biscuits and bakery products under the English Oven brand today. It's also the largest supplier of buns/bread to chains such as Burger King, McDonald’s and Dominos Pizza.
Investors have lapped up its recent IPO. Mrs Bectors Foods is trading at Rs 570 vs issue price of 288. The promoters are now worth over Rs 500 crore. A journey that began with Rs 20,000. An incredible story of entrepreneurship, and wealth creation.
Rajini Bector was born in Karachi, spent early years in Lahore. Graduated from Miranda House. She enrolled for a baking course at the Punjab Agricultural University after her three sons went to boarding school
SOURCE: theweekendleader.com/Culture/1541/m…

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More from @chandrarsrikant

23 Dec
In March this year, @sequoia Coronavirus the Black Swan of 2020. Cut to December & they have ended the year as the most active investor in India in terms of the number of deals by volume, according to data from @ventureindia 🧵
timesnownews.com/business-econo…
According to data from Venture Intelligence, startups in India raised $10.6 Billion across 648 deals in 2020, the lowest in 4 years.. in terms of the value of deals. While the amount raised by startups is lower, the year also saw the emergence of 10 unicorns.
TOP VC INVESTMENTS IN INDIA (2020)
Zomato
Oyo Rooms
Byjus
Ecomm Express
Dream11
Cars 24
Zenoti
Read 9 tweets
23 Dec
RBI has sounded a warning on unauthorised digital lending platforms/mobile apps in its circular today.
"Legitimate public lending activities can be undertaken by Banks, Non-Banking Financial Companies (NBFCs) registered with RBI....
and other entities who are
regulated by the State Governments under statutory provisions, such as the money lending acts of the concerned states. Members of public are hereby cautioned not to
fall prey to such unscrupulous activities & verify antecedents of the company.....
Moreover, consumers should never
share copies of KYC documents with unidentified persons, unverified/unauthorised Apps. Report such Apps/Bank Account information associated with the
Apps to concerned law enforcement agencies or use Sachet portal
(sachet.rbi.org.in)
Read 4 tweets
22 Dec
Fun facts from Swiggy's year-end report 🧵
Veg, Chicken, Mutton or Aloo - a Biryani was ordered more than once every second in 2020. Chicken Biryani is most popular dish followed by Masala Dosa, Paneer butter masala, Chicken Fried Rice and Garlic breadsticks.
Top 5 cities
Bengaluru
Mumbai
Chennai
Hyderabad
Delhi
Top 5 desserts in Nov
Choco Lava
Gulab Jamun
Butterscotch mousse cake
Rasmalai
Brownie
Read 5 tweets
14 Aug
I was eagerly looking forward to the webinar with @zoho founder @svembu & it was every bit as inspiring and insightful as I thought it would be. Thank you all for tuning in and sending your feedback. Here's the YT link + 🧵with some golden quotes.

"I live in a village about 20-30 km from the town of Tenkasi, which recently became a district. We have had this office for 10 years now and have put down deep roots in this area. We want to go to even smaller villages and see how this works. We have to go deeper."
"I have been thinking about this well before the pandemic. I actually want employees to be able to live this unhurried pace of life.. I was able to get my work done even before. We could train anybody. My broadband connection here is even better than California. "
Read 11 tweets
28 Jul
Now that all top 5 Indian IT cos have reported their Q1 results, some interesting trends. 🧵based on recent earnings of TCS, Infosys, HCL Tech, Wipro and Tech Mahindra.
As expected, all 5 reported a decline in revenue compared to the previous quarter. This was largely expected because the full impact of Covid19 would kick in between April-June. The fall was lesser than expected in Infy's case. -2% vs -6-7% for the other cos.
Except TCS and HCL Tech, the rest manged to expand margins due to a combination of factors.. Travel costs came down, cost-cutting measures + forex gains. Infosys expanded margins by 1.5% while TCS margins were down by 1.5%
Read 9 tweets
6 Nov 19
Haven't tracked Infosys for a while now but the sequence of news flow this morning has been intriguing and fascinating. It has all the ingredients of a great story- a battle of egos, value systems, the past versus the present and its implications on the future.
So what happened? Moneycontrol quoted sources who claim that an Infosys co-founder & a former top executive colluded with the whistleblowers who alleged wrongdoing by the current CEO and CFO . The sources went a step further calling it a "terrorist attack" involving a mastermind
Interestingly, The Economic Times reported last week that the whistleblower mail sent to the Board was also copied to NR Narayana Murthy & former CFO Mohandas Pai, in an apparent attempt to seek outside support. Are the sources referring to this connection or something else?
Read 11 tweets

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