Whenever a customer facing, distribution driven company folds up, like the company that used to make LuvIT chocolate or starts brazenly adopting devious tactics due to the crookedness of the Top Management, like Oyo, the people I genuinely feel sad about, are the front line staff
They are on boarded with the premise that they are working for a legit company with lofty ambitions
They leverage their personal relationships with distributors & retailers to get business off the ground in their areas
And when they go belly up, they are left holding the fire.
The top management makes enough money to survive for the next seven generations. And if some one questions them, they simply blame the front line guy and move on. But these front line staff get nothing.
In fact many of them see their bridges burnt, for no fault of theirs.
When it comes to OYO IPO, All your balance sheet analysis, financial ratio nitpicking, deep dive into the DHRP, subsidiary analysis etc aside also do a simple check.
When was the last time you saw an Oyo board outside an Lodge or a hotel, that was not seedy or sad?
If they are so awesome or successful as they say they are, why aren't more midsized Lodge operators flocking to the brand? It's a win win for them.
But they aren't.
That itself is a huge red flag..
3 years ago, if you drove thru a tier 2 or a 3 town, you could see at least 5 OYO boards on the main road.
Now you see hardly one. That is a telling statistic.
Sometimes, in too much analysis, we miss some simple evaluation techniques to determine if a company is worth it.
Personal opinion : The most necessary tweak that the Govt should implement in UPSC, is eliminating the practice of candidates who accept a service and then take an year off and try for a better one
This is a ridiculous practice, particularly considering the odds of success
Imagine the situation of the person who missed out by one rank or two, thanks to these individuals.
That guy has to start from scratch, go back to the prelims and the year long cycle
OTOH there are people who have qualified for Railway Service, decide they are not happy with it
They want to get into IAS. But they don't relinquish their Railway appointment in their attempt. Because who will give up a govt Job?
You accept a service. You stick with it. If You Want to become an IAS. Go ahead, all the best. But Reject the current appointment to try again
There is a section of the population that somehow thinks Green Revolution and White revolution was bad for India. I still have no idea how ignorant we can be towards our history.
Before these programs started Indian agriculture and dairy industry was in absolute doldrums.
Our milk and crop yields were lowest in the world, by a huge distance. We didn't not have food to eat & milk to drink & were dependant on handouts from the west for it
The situation was so bad, that our PM had to ask us to skip one meal a week, so that poor could get some food
Half of India was on the verge of starvation.
It was in that hopeless situation that these programs were started.
Today we are self sufficient in food and milk. No Indian starves to death because of unavailability of food.
That was what green and white reclvolution did for us.
Imagine you are the PM of a recently independent country and are taking over from a megalomaniac of a PM.
The coffers are empty. The country doesn't have any food and are getting by on weed infested wheat rejected by the animals of the western world.
There's no industry.
Economy is in absolute shit. Foreign policy is in tatters. And you are just recovering from a devastating defeat by a treacherous neighbour, whom your predecessor thought was our best friend
The Armed forces are demoralized and our other little nuisance, Pakistan is moving ahead
So much so that Pakistan is actually ahead of us in military terms.
We neither have roti, milk, kapda is barely available and less said about the makaan, the better.
I don't think any PM of India, faced such a disaster that a certain Lal Bahadur Shastri faced in 1964.
The Bajaj Chetak is one of the best examples of why Capitalism trumps Socialism.
As you all know the famous "Tilt the Bajaj Scooter" for it to start. What many of us don't know, is why this was the case.
When Bajaj designed the scooter, ideally, they should have placed the engine at a level lower than the fuel tank, so that the fuel flows to the engine
They placed it parallel.
As a result, when the scooter was parked, the fuel didn't flow to the engine and scooter didn't start
So you had to tilt the scooter to the right, to get the fuel flowing to the engine and it could start.
And then there was a carburettor issue, where more fuel flowed to the engine and it wouldn't start. So you had to tilt the scooter to the left to get it going.