TeamLease chairman Manish Sabharwal is optimistic that India will come out of the crisis stronger & also spelt out reasons why the second wave is vastly different from the first. "The darkest hour is just before dawn," he told us in this interview.
moneycontrol.com/news/business/…
"I think expanding vaccines, deregulating prices of vaccines will have a massive supply response."
"I am not sure we dropped the ball. Vaccine capacity was taking time to get up. The government was not holding vaccines to people above 45 because they wanted to but because they had to. You can take the view that we should not be exporting, but these are complex tradeoffs "
"Post mortems have a certainty that prescriptions don’t, so when we look back, there are obviously things that could have been done differently that every decision-maker doesn’t know when they make it. "
"I don’t think there are good choices here, there are only bad and worse choices and we are picking the least bad choices."
"There is light at the end of the tunnel: vaccines. Last year, there was no light at the end of the tunnel. Ten percent of our population is vaccinated, once we get to 30-40 percent, there will be a substantial difference. The darkest hour is just before dawn."
"I would be careful about viewing Covid as climate change; it is a passing shower. There may be some recurrences, but it has reminded us that resilience is as important as performance. Too many supply chains had become just in time; now we have to make them just in case."
"I think it also reminds us that we tend to focus on issues when it comes to our vicinity — where you stand on issues depends on where you sit. The pre-existing faultlines in our labour market are being amplified by Covid."

• • •

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

Keep Current with Chandra R. Srikanth

Chandra R. Srikanth 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!

More from @chandrarsrikant

23 Apr
A number of startups in Mumbai, Bengaluru, Hyderabad and Delhi have seen many employees test positive for the virus, and in some cases, key leaders and founders have been down with the virus. @manicontrol2020 spoke to entrepreneurs on how they are coping
moneycontrol.com/news/business/…
.@leverageedu founder @Akshay001 spent the last few days helping out his team members to secure beds and oxygen in New Delhi, when his business - of sending students abroad for higher education, is peaking as vaccinations rise in the United States and Canada.
This virus impacts your mental health as much especially if you're new to a city. Your neighbours aren't helping, your flatmates may shun you during quarantine. So putting up a few people in a hotel was the natural option,” said @RevantB of Mosaic
Read 6 tweets
1 Mar
Interesting trends from placements at @IIM_Bangalore @rishikesha
481 offers made. All 435 students placed
Consulting companies: 165 offers
Of this, Accenture made 45 offers, followed by Bain with 24 offers. McKinsey made 18 & BCG made 13
78 offers from Tech: Microsoft 12, Browserstack 6, Ola 6, Byju’s 5, UHG Optum 5, Adobe 3, Infoedge 3, Oracle 3, Razorpay 3, Sprinklr 3, Amagi Labs 2, AppDynamics 2, Atlassian 2, Cisco 1, and Tech Mahindra 1. Amazon 34, Paytm 11, Flipkart 6, Myntra 3, Cloudtail 1.
67 offers in Finance. Goldman Sachs made 22 offers, followed by Avendus Capital (5), Citibank (5), Blackstone (2), Deutsche Bank (2), JP Morgan (1). Other recruiters in this domain included Kotak Mahindra (6), Wells Fargo (4), Axis Bank (2), Bank of America (2), Barclays (2)
Read 7 tweets
4 Feb
Poor performance by Cognizant at a time when its peers are posting blockbuster results
- Negative growth for the 1st time in his history
- Clocks record low margins
- Settles $140 mn with large client
- 6% quarterly spike in voluntary attrition 🧵
Posts $16.7 Bn for 2020 full year, a decline of 0.8% compared to 2019.
Cognizant Q4 revenue declined 2.3 YoY
This, even as it spent $1.1 Billion in acquisitions in 2020.
It has projected a revenue growth of 5.5%-8.5% for 2021. This includes 3% contribution from acquisitions
So without acquisitions, Cognizant would grow in 2021 by less than 5 percent, at a time when its rivals are talking about returning to double digit growth levels. A sad state for a company that used to be the barometer or growth for the Indian IT industry
Read 6 tweets
30 Dec 20
Fascinating 2020 trends from Zomato 🧵
A person from Jalgaon, Maharashtra ordered 369 pizzas this year
A person from Bengaluru emerged overall topper, having placed 1,380 orders this year (4 orders a day)
I'm feeling a lot better about myself after seeing all this
Pizza and India
May - 4.5 lakh plus orders
July- 9 lakh
Sept - 12 lakh
Nov - 17 lakh
Guess this would have peaked during IPL, when people also felt more comfortable ordering in compared to the first few months of Covid
Biggest order:
Order amount- Rs 1.99 lakh (after discount of Rs 66K)
Smallest order: Rs 10 (after discount of Rs 39)
Read 7 tweets
29 Dec 20
On December 29th, 1945, Muhamed Husein Hasham Premji, registered Western India Vegetable Products Limited after buying an oil mill in Amalner, Maharashtra. His son, Azim Premji would go on to build a diversified conglomerate worth billions, and give most of it away 🧵
Few would have imagined that a company that made vegetable and refined oils would go on to become a conglomerate that today houses a listed software giant, Wipro and an unlisted Wipro Enterprises- which has its consumer care, infrastructure engineering and medical equipment biz
21-year old Azim Premji returned to India in 1966 after his father's sudden demise, to take charge .Premji diversified the company to hydraulics, soaps and lighting. He spotted the IT opportunity in the late 70s and 80s, and forayed into making computers after IBM exited India.
Read 10 tweets
26 Dec 20
Delivery trends from @DunzoIt for 2020 🧵
Over 3X condoms were ordered during the day compared to night
Top wellness orders
Chennai - sanitary pads
Jaipur- pregnancy tests
IPill - Blore, Pune, Gurugram, Hyd, Delhi, Mumbai
Top grocery orders
Blore - onion
Pune - milk
Chennai- potato
Delhi - soft drinks
Hyd - milk
Pune ordered 2x more Maggi than Mumbai
Delhi, Chennai and Jaipur ordered more coffee than tea.
Top food orders
Blore - Chicken biryani
Pune - Misal pav
Gurgaon- aloo tikki burger
Mumbai - dal khichdi
Jaipur- samosa
Chennai- idli
Read 5 tweets

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!