🧵How India's pioneering automobile manufacturing company, that become the most enduring icon of the Licence Raj, is now a part of our history?
Read 👇
1/22. If today's capitalist are been mocked as Ambani-Adani, then it was an era of Birla-Tata. The four Birla brothers, Jugal Kishore, Rameswar Das, Ghanshyam Das and Brij Mohan were the leading industrialist of India, and they all were still united as a Birla Brothers.
2/22. BM was very excited about the western world's AUTO industry and was experimenting on his own to get into this. So, in 1942 they decide to start Hindustan Motors at Port Okha. Why Hindustan as a name?
Well, they already had a business named as the Hindustan Times!!
How we define an iconic brand? One which outlives their creators. And, in our generation, OLD MONK is one of that Iconic Brand. Drinking Old Monk gave you a halo, a personality and a social-standing.
Read more about their creators and Role Mr Nehru Played! 👇
Mohan's are Mohyals, a Brahmin sect from Punjab with a martial past, like Bali, and Dutt. Narendra Nath Mohan’s story is also similar to another brahmin (of South), as both of them got hold of 2 famous Alcoholic business when British firms were leaving India post-1947.
While, Vittal Mallya bought United Breweries in 1947, after 2 years NN Mohan, bought a company where he once used to work: Dyer Meakin Breweries. Traceable to Edward Dyer, father of the notorious Brigadier-General Reginald Dyer—the man behind the Jallianwala Bagh.
A Quick🧵from old Notebook on the Origin of the Word Bank.
Given Lending is what you get your money (when you are in Banking) <Hopefully the world of NeoBanks will learn it soon>. Anyways, let me start with Lending history.
The Catholic Church deems the business of banking as dirty and unchristian. So, the banking professions are
assigned to the Jewish community. In the early Middle Ages, grain merchants in Italy began lending money to their suppliers to cover the costs of planting & cultivating.
They manage to bypass the church’s ban on taking out interest rates by referring to them as “gifts” and rewards as “risks” in their accounting.
As time went by, this business of lending money soon proved more profitable an enterprise than the grain trade itself.
🧵While we in Fintech are Hoping for Challenger/Neo Banking Licences from RBI. Let's understand more about Small Finance Bank and from their success, try to see if a balance between Profitability (for business) and Financial Inclusion (for RBI) can be made for future usecase?👇
Since Independence, Financial Inclusion has been a top policy agenda for the central govt and hence for the RBI also, Post 90s, the accent was more on demand-led private initiatives through self-help groups, followed by the Grameen Bank model of microfinance in India.
Then, in 2015, the RBI granted licenses to two differentiated banks (SFB and Payments Banks) for pushing the financial inclusion. PB had been a mystery category, with no clear business model to operate. SFB was to cater to the diverse needs of the low-income group.
Gama is very much synonymous with strength. A thread on him, and also how he is accidentally related to the rise of Yoga in India(through his brother). Read more 👇
Gama, a relatively poor, born around 1882 in Amritsar. From 1910 until 1950, he was the world champion. Unbeaten in London, Paris, and elsewhere in Europe, and in India also. In 1928, he defended his title in Patiala against Stanley Zbyszko, the Polish former world champion.
It is said that he won the bout in two-and-a-half seconds in front of a 40,000-strong crowd. Maharaja of Patiala, Bhupinder Singh, gifted him the pearl necklace he was wearing before awarding him with a village and an annual stipend of ₹6,000.
One Man many heritage-From Sugar business (Parry's Coffee Bite) to an AgroGiant in Making.
Coincidentally most of the business is now run by an equally amazing business Group. An 🧵on Mr. Parry of Parry's Cornerwale
Parrys as a surname was due to the fact that he belonged to a family that used to once rule, Powys (in Wales). The flat fertile land there was ideal for farming, which ensured his family richness. Thomas Parry arrived in Madras in 1788 and was licensed as a free merchant.
While most other Englishmen involved in the Trading in those time were either Writer or Cadet of EIC. Been a Free agent, gave give freedom, but also some problems. Madras had grown from Fort St George, and had Portuguese, French, Dutch, Jews also doing the Trading.