Kalyan Jewellers has left its mark by becoming the second biggest player in the Indian jewellery market.
π Genesis
Kalyan Jewellers was founded by T.S. Kalyanaraman in 1993 with a capital of βΉ75 lakhs, out of which βΉ25 lakhs were his savings and the rest was financed by the bank. He opened the first showroom in Thrissur, Kerala.
πͺ All That Glitters Is Not Gold
In 2015-2016, initiatives like βMake in Indiaβ and βDigital Indiaβ were at their peak. A Noida-based company tried to do something good, or something too good to be true.
With a phone consisting of 1 GB RAM, a quad-core processor, a dual sim and a bundle of other features which were way too much for its trivial price of βΉ251. Many suspicions were raised about it being a fraud.
A Unified Payments Interface or UPI is the amalgamation of multiple bank transactions like merchant payments, bill payments and smooth fund transfers through a single application, in which banks participate.
An increasingly popular mode of transfer for money, it lets individuals or organisations make direct banking transactions using their UPI ID or Virtual Payment Address (VPA).
π΅ Here Is How UPI Works
β A user first registers on a payment app like Google Pay, Paytm or PhonePe
β Once the user is registered, bank account(s) are linked to the app
β The Virtual Payment Address (VPA) facilitates the transactions between the two parties
Have you seen the ironic and random CRED ads on TV, featuring celebrities like Kumar Sanu and Neeraj Chopra? These ads gained immense popularity and have made CRED a well-known app for everyone. In fact, 52.3% of its expenses go just toward its advertising!
In just 3 years, the company entered the Unicorn Club and reported a revenue of βΉ95.53 crores in FY21. This kind of exponential growth can be better understood by analysing CRED's business model.
RJ Corp is responsible for bringing global fast food brands like Pepsi, KFC, Pizza Hut, Costa Coffee and others to India. Ravi Jaipuria is the man behind RJ Corp. It is the parent company of Varun Beverages and Devyani International which are listed on the Indian stock exchange.
The company has established a multi-billion dollar empire through its national and international operations. The group has 832 core brand stores across the country.
Ray Dalio is a seasoned investor and hedge fund manager from the United States. He founded his current hedge fund, Bridgewater, in 1975. The company started with risk consultancy services and worked with businesses to mitigate risk in their operations.
Ray formulated a unique but effective solution to a problem McDonaldβs was facing. What was the problem and how was it solved? Let us find out!