It was when Mr. Uday Kotak was 20 years old in 1979 and he was playing cricket when the unthinkable happened
He flicked a shot between the covers and as he was mining between the wickets, a fielder flung the ball back to the stumps in order to get him run out
The ball hit him on the head and he collapsed (they used to play fast bowling under all kinds of conditions without any helmets and no regulations on bouncers)
He doesn't remember how all of it happened but the competitive spirit in him prevailed
He got up and continued to play till the end of the game for another 30 mins
His head hurt and his teammates wanted to take him to the hospital but he insisted on being taken home. His friends bundled him into a taxi and brought him home
Normally, they would have walked back after a cricket match. Suresh Kotak (Uday's Dad) still remembers the day clearly. When Uday had entered the house, complaining of pain from the ball hitting him on the head, Suresh had known instinctively that this did not bode well.
He insisted on getting a surgeon to see his son. Being a Sunday, it was difficult to find a doctor let alone a surgeon. He then contacted his Rotarian friend, Dr. Gajendra Singh, who arrived in a taxi immediately.
Even as Gajendra spoke of the possibility of it happening, Uday Kotak slipped into a coma
He was rushed to Jaslok Hospital in South Mumbai. The doctor had said to Suresh Kotak, "You need to understand that your son has suffered from a brain hemorrhage"
"Had you come 10 minutes late, we would not be able to save your son's life at all. Even now, we may be able to save your son, but we are not sure whether we will be able to save all his faculties."
The father could only nod and give his assent to the surgeon.
The immediate action by the doctors saved Uday Kotak’s Life. But he was bedridden for months and lost a year at JBIMS.
However, as Suresh says light-heartedly, "People in our family say God knows what stimulus he got In his brain then. It made him a financial wizard"
The family, especially his grandfather Amritlal were adamant. No more sports for Uday especially Cricket
He elicited a vow from Uday to never play cricket again in his life. He had a family business and excelled in his studies. His career wasn't a question mark, he justified
Mr. Uday Kotak’s one regret in life, even today, is that the intervention by fate cost him a career as a professional cricket player!
What a crazy story!
No reco.
Book Src - SHAPERS OF BUSINESS INSTITUTIONS: How Uday Kotak Built A Valuable Indian Bank
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In January 2002, Amazon reported its first profitable quarter, posting net income of $5 million, a meager but symbolic penny per share. Marketing costs were down, international revenues from the UK and Germany were up,
sales from third-party sellers on the vaunted Amazon platform made up 15% of the company's orders. The exclamation point on the accomplishment was that Amazon had turned a profit by both controversial pro forma accounting standards and conventional methods.
Amazon had finally shown the world that it wasn't just another doomed dot-com. The stock price immediately jumped 25% in after-hours trading, clawing its way out of the single digits.
Thread on #Nykaa DRHP Findings - Business & Valuations
Nykaa has hogged a lot of limelight as it will be the first Indian beauty retailer to list on the exchanges and it is profitable too! (FY21 was profitable, not earlier)
Hit the Retweet to spread this thread about Nykaa :)
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About Nykaa -
- Incorporated in 2012
- Evolved from a beauty retailer to a lifestyle focused tech platform
- As of FY21, they offered ~2.0 million SKUs from 3,826 national and international brands
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- They have a diverse portfolio of beauty, personal care, and fashion products, including owned brand products (Portfolio of 13 owned brands) manufactured by them. They have an Omnichannel presence
A really cool unheard story of Nykaa and the founder Falguni Nayar!
Mr. Uday Kotak speaks of Falguni Nayar's stint at Kotak -
"We had started a consulting division in KMFL. A year after she joined us, Sanjay Nayar, her husband, who was working in Citibank, was posted to London
Like a typical Indian wife, she wanted to join him. So, we took a view - We said, 'Falguni if you go to London, we will set up a London office. We want to do sales and trading in equities and in GDRs. Why don't you set it up?
So, Falguni set up our London office. Kotak Mahindra (UK) happened because of Falguni. After two years, Sanjay was transferred to New York. We said, Great! Falguni set up New York: By then, we had already set up a JV with Goldman.
- A multi-channel auto platform
- Presence across vehicle types and value-added services
- Marketing, buying, selling, and financing of new and pre-owned cars, two-wheelers, pre-owned commercial vehicles, and farm & construction equipment.
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- As of June 2021, they had 2221 employees (703 in main and 1518 in subsidiaries). They have 75 trademarks and 105 domains
- As of June 2021 consumer platforms, CarWale, CarTrade, and BikeWale together had avg of 27.11 mn unique visitors per month (88.14% organic visitors)
Companies that look up to other companies in the #Retail/#FMCG Space -
Marico - Saugata Gupta loves 2 US brands and as per him they are fantastic in digital marketing - Glossier and Drunk Elephant
Dmart – CEO Navil Noronha was asked organizations that he looks up to and considers as a role model in Retail. He said Costco, Ikea, and Uniqlo. He likes the Culture, the way they think about products, assortment, simplicity, employees, partners, and business."
Dabur - Many brands that are inspirational in branding marketing/space. In the Indian space – there are great examples such as Wow, Botanica, Mamaearth, (A question that I asked on the con call)