1) In 1951 Godrej made 17 lac ballot boxes (costing Rs. 5 each) for the first election in independent India.
2) They were the first Indian company to manufacture refrigerators in 1958.
3) Godrej Ezee was the first liquid detergent brand to be advertised on Indian television.
4) There was a huge bomb blast in a Mumbai dockyard in 1944 and the only things that survived were Godrej safe.
5) In 1955, Godrej and Boyce manufactured the first
Indian typewriter.
6) The Godrej group brought to the country the first fax machines, word processors, and dot matrix printers.
7) In 1997, the postal department came out with a special postage stamp to mark 100 years of the Godrej group.
8) Godrej made the first Indian safe in 1902.
9) Along with his brother Pirojsha Godrej, Ardeshir later ventured into making soaps and formed Godrej Soaps Ltd in 1918.
10) They launched the world’s first soap made without using animal fat, which was later named Cinthol.
11) They are the Leader in air fresheners in India and Leader in wet tissues in the Indonesian market.
12) In 2005, they made its first global acquisition—Keyline Brands(UK) giving it ownership of several international brands and trademarks such as Cuticura, Erasmic, and Nulon.
13) Godrej Properties was established in 1990 under the leadership of Adi Godrej, it was actually previously known as Sea Breeze Construction.
14) Godrej acquired Transelektra Products in 1994, which was the largest manufacturer of mosquito mats in the world. (Good Knight brand)
15) The Godrejs almost got into the bicycles business in the late 30s.
Unfortunately, World War II broke out and the ship carrying manufacturing equipment was torpedoed and sunk.
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A Thread on India's largest Conglomerate @TataCompanies:
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1) With 7.5 lac employees, it is India’s third-largest employer after the Indian railways and defense forces.
2) Tata Consultancy Services (@TCS ) is the largest private-sector employer in India and one of the top employers globally.
It employs more than 4.5 lac people representing 146 nationalities across 46 countries.
3) They have never invested in the alcohol or tobacco business and have never sponsored any Bollywood movies.
4) In the year 1955, they took part in the Geneva-Bombay Rally, and 3 of the Tata trucks covered ~1200 kilometers non-stop without a single breakdown.
1) Warren Buffett:
> Is the business simple to understand?
> Is the management rational with its capital allocation?
> Can the business be purchased at a significant discount to its value?
(1/2)
> Is the management candid with the shareholders?
> Has the company created at least one dollar of market value for every dollar retained?
> Can you see how good the business will be versus the competition 10 years from now?
> Focus on ROE rather than the EPS.
(2/2)
2) Lou Simpson:
> Does management have a substantial stake in the stock of the company?
> Is management straightforward in dealings with the owners?
> Is management willing to divest unprofitable operations?
> Does management use excess cash to buy back/repurchase shares?
Getting Rich vs Staying Rich (A must-read thread):
You must have heard of the Buffett and Charlie.
But 40 years ago there was a third member of the group, Rick Guerin.
Warren, Charlie, and Rick made investments and interviewed business managers together.
Then Rick disappeared.
@MohnishPabrai once asked Buffett what happened to Rick and Warren said, “Charlie and I always knew that we would become incredibly wealthy.
We were not in a hurry to get wealthy as we knew it would happen eventually.
Rick was just as smart as us, but he was in a hurry.
In the 1973–1974 downturn, Rick was on leverage with margin loans and the stock market went down almost 70% in just two years & he got margin calls.
He was forced to sell his Berkshire stock at just $40 per share. (Today, you do know the value of one share of Berkshire right?)
30 books I wish I read before Investing my hard-earned money:
1. You can be a Stock Market Genius by Joel Greenblatt 2. Common Stocks, Uncommon Profits by Phil Fisher 3. Margin of Safety by Seth Klarman 4. The Crowd by Gustave Le Bon 5. Winning the Loser's Game by Charles Ellis
6. The Zurich Axioms by Max Gunther 7. The Most Important Thing by Howard Marks 8. Thinking, Fast and Slow by Daniel Kahneman 9. The Intelligent Investor by B. Graham 10. A Zebra in Lion country by Ralph Wanger and Everett Mattlin 11. Learn to Earn by Peter Lynch
12.Poor Charlie's Almanack - The wit and wisdom of Charles T Munger
13.Speculative Contagion by Frank Martin 14. The Long and the Short of it by John Kay 15. More than you know by Michael Maubossin 16. Influence - The Psychology of Persuasion by Robert Cialdini
17 Most important Lessons from the first book I ever read on Value Investing:
1) Learn to Stand against the Crowd:
Being a value investor usually means standing apart from the crowd, challenging conventional wisdom, and opposing the prevailing ideas. It can get very lonely.
2) Forecasting is a bad strategy:
Those who think who can predict the future should participate fully, using borrowed money, when the market is about to rise and get out of the market before it falls.
3) Simple but NOT easy:
Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon.