๐1st way raising capital was because of his support from his Brother who introduced to his clients. He raised 15lkhs & COMPOUNDED it to 50lkhs in few years.
๐2nd turning point was Budget of Vp Singh. In the Morning NETWORTH was 2crs, by Evening it was 20crs.
๐Was lucky to have company of Radhakishan Damani - Ramesh Damani & Kamal kabra from who he learnt.
*Rule of 72*
No. of yrs required to double your money at a given rate, U just divide 72 by interest rate
Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs
At 6% rate, it will take 12 yrs
At 9% rate, it will take 8 yrs