Read this book at the time of #CAMS #IPO.
A brilliant read to know about the #growth trajectory of the #company & why it's only starting.

@YMehta_ @finthusiasts @nid_rockz @manurishiguptha @MadrasMobile @MarketScientist
@AnyBodyCanFly @ipo_mantra

Thread coming.👇 Image
Foreword by- Mr. Deepak Parekh, Chairman @HomeLoansByHDFC

He writes about India's #economy post #Liberalization & how #companies that have come up have one thing in common- #knowledge.

2/n
#CAMS began as a #software development & #computer education firm, moved to share registry services handling #IPO's, later became a Registrar & Transfer Agent (#RTA). It now also handles documentation requirements in #banking, #insurance & #microfinance.

3/n
A business with no scope of error, #CAMS has emerged as a market leader & has also handled its operations with speed.

Founded by V Shankar, #CAMS is a story of tough #competition, surviving on hard work & #merit, and of providing a cutting edge #technology.

4/n
20th #century saw #financial industry taking shape. The GoI passed a co-operative credit Societies Act.
In 1906, a big #British bank, Arbuthnot & Co., collapsed leading to lack of confidence in British #businesses & the first bank run by #Indians, #IndianBank was set up.

5/n
In 1947, 5 recognised exchanges- #Bombay, #Ahmedabad, #Calcutta, #Madras & #Delhi.

#CCI was set up. New companies were allowed to issue shares at par.

Relaxing of controls & offering flexibility in 1980s. PM Rajiv Gandhi's digital shake-up led to the birth of #IT Sector.

6/n
V Shankar started his career at @PONDS. #Data processing or #IT, attracted him the most. His wife worked at Computer Maintenance Corporation (#CMC). CMC can be said as a precursor of all IT #companies in #India.

7/n
Swathi Enterprises was born in 1987. It focused on data entry & software development for small enterprises. They were also into horoscope generation. They decided to develop ERP software. Indira Viswanathan was the first employee. (Pic)

8/n Image
#Financial sector was undergoing a #transformation in 1980-1990s. #Market #capitalisation rose from ₹68 billion in 1980 to ₹550 #billion in 1989. (Pic)

9/n Image
@reliancegroup came into picture. "It witnessed #growth rates unprecedented in the #Indian #industry & seldom anywhere in the #world." Its #assets grew 60%/year, #sales 30%/year & #profits 50%/year throughout 1980s. #Share #prices grew from ₹10 in 1977 to ₹186 in 1982.

10/n
In 1982, #BSE had to be shut down for 3 days. Bears tried to hammer the #share #prices but faltered miserably.

In 1984, the #AGM was held at the Cooperage Football Grounds in Bombay. It's significant because until now, #retail investors were unknown of the share #markets.

11/n
In 1987, the #company planned a #rights #issue (G series) of its #shares, but seeing the demand had to hire #agents to meet #local requirements of #investors. #CAMS was contracted for #Madras #operations. (Pic)

12/n ImageImageImage
#SEBI (to regulate the #securities #market in the #country) & #NSE (carrying a transactional #speed of two orders/second) were set up in 1989.

#SENSEX between April 1991 & April 1992 gave a return of 274%. #HarshadMehta #scam broke out.

13/n
An #IPO wave began in 1993 and lasted till 1996. A #record 1597 #companies hit the #market. #CAMS flourished alongwith them. It not only handled IPOs but also provided #RTA facilities. It handled S&S Switchgears, #AshokLeyland, #Wockhardt, #IPCALabs, #Ford #Escort, etc.

14/n
#NSDL was set up to handle the #storage of #security #instruments in a #dematerialised #form.

#First #Mutualfund was set up in 1963- #UTI. Kothari Pioneer #MF was the first #private #sector MF. By 1996, the #industry had grown to ₹81,000 crore.

15/n Image
Alliance Capital was their 1st customer.

It was their excellence in #software that gave #CAMS an edge. They rewrote how records were stored & retrieved.

Continuing with change, #DOS changed to @Windows. Laser printers came. #FoxPro migrated to #Windows to @Oracle.

16/n
#JV with Alliance Capital. New company- #Acsys. Majorly 3 tasks- tracking #brokerage #commissions, a single folio a/c for the #investor, record-keeping for #AMCs.
At that time, details of how much #money has each investor put in could easily be tracked, without #KYC.

17/n
#Revenues of #Indian #IT #sector ballooned from $197 million in 1990 to $8000 million in 2000. A total of 3.4 lacs #professionals were employed across the #country. Gated residential communities began coming up. #Sales of Consumer Durables boomed.

18/n
#CAMS handled allotment certificates, dividend payouts, further investments, redemptions, etc.

@HDFC_Bank bought a stake. Completely exited the equity space. Expanded to over 100 cities. 4000+ employees by 2008 from 700 in 2001.

19/n ImageImage
On #customers-

Putting customer first. #Accountability, #integrity, #reliability & #transperancy are their #core values. (Pic)

20/n Image
Since its inception #CAMS has focused on- cutting edge #technology & it's #people.
"#Recruit right people & provide an #environment for their retention with the #company."
Every year #Family Day is celebrated. #Outstation trips are organised. #Gift #coupons are issued.

21/n Image
On #diversification-
"Whatever #insurance #cos. can outsource & whatever can be done across cos. should be our area of #service."

#CAMSRep was set up.

The #company reduced the time required to generate a #policy document after receiving the application & validation.

22/n
While competition required 8-10 days, #CAMS processed in 24-48 hours.

It identifies agents for training, allocates them different training centres & keeps tab on them.

Became only 1 out of 5 companies to be issued #insurance repositories license by #IRDA.

23/n Image
Finally in 2013, #NSE bought a stake in #CAMS.

On #future-
Tried to woo young investors through @Facebook.
They are a Knowledge Process Outsourcing (#KPO) company with consulting knowledge. Domestically #BPO facilities to #banking & #insurance platforms.

24/n Image
This book is a perfect case study for budding #Entrepreneurs.
It's not only #ideas that make a co. successful, but evolving with a tryst for #innovation & #customer first attitude makes it stand out in the crowd.

Recent #CAMS #IPO was superhit.
Holding it in #portfolio.

n/n

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Siddharth Alok Mittal

Siddharth Alok Mittal Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!