Ravi Handa Profile picture
Nov 8 10 tweets 3 min read
#TIL - Punit Renjen, now CEO of Deloitte, had to drop out of a school because his parents couldn't afford the school fees.

Graduated from a local college in Rohtak because it was cheap.

Went to Delhi to find jobs based upon an advert for Usha that he saw in a newspaper.
And then he got a 'Rotary Scholarship'.

Yes - the same 'Rotary Club' which organizes small cultural events. At least it used to when I was a kid in Bharatpur.

He seized that opportunity and made the most of it.
The first time he sat on a flight was when he went to the USA for his masters from the scholarship.

He landed there with two pair of tight jeans and couple of hundred dollars. (His quote - I am not making it up.)
He would sit in the front row with a tape recorder (that used to be a thing in the 80s-90s) because he could not understand the American accent that well.

He used to then hear them again so that he does not miss anything. (FOMO is not a new concept.)
A local news magazine picked him as one of the 10 best students. That magazine was picked by a Deloitte partner (Touche Ross) while taking a flight. He then asked his assistant to schedule an interview with Punit.

He took a bus ride (600 km+ from Oregon Seattle) for the meeting
He got the job. That was in 1989.

He is still there 33 years later and now heads the firm.

Non tech Indian origin CEOs don't get talked about as much and I understand that. Deloitte is not really a company that we interact with on a daily basis.
Really liked this from one of his interviews:

“I’m good at what I do,” Renjen said. “I’m really really good at what I do, and I’m not saying this with any level of arrogance. The only reason why I’m saying that is because I’ve put in over 25 years perfecting the craft.”
I came across this info because I am preparing to take part in Tata Crucible - a business quiz.

If you liked this thread, please go to @Tata_Crucible's twitter account and ask them do declare results for Round 1.

It has been 15 days and the ANXIETY IS KILLING ME!
Alternatively, you could RT the first tweet in this thread. :)

You can follow @PunitRenjen on Twitter.

He is quite active on the platform.

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More from @ravihanda

Jun 7
I could understand founders / CXOs / Elon Musk fans pushing their employees to work-from-office for maximum productivity (whatever that means).

I was really surprised at the 35-45 year old middle managers pushing for it. I just didn’t get it.
But after talking to a few of them and reading a bunch of them on social media, I am starting to understand.

It is one or more of the following:

1) They deeply distrust the people they manage. (Sab naalayak hai. Jab tak danda nahi maaro kaam nahi karenge)
2) They know their relevance / value addition would go down if employees can self-govern and they are scared of that.

3) They themselves live in unhappy homes and want to spend as little time at home as possible.
Read 5 tweets
May 11
For those who are thinking that the Indian equity markets have crashed and this is absolutely a great time to buy - YOU ARE WRONG!

The markets are still over-valued, richly valued, have a lot of froth - whatever term you want to use.

Here is why I say so:
A few months ago, I attended a seminar by @ICICIPruMF where I learnt about something called the Booster STP.

For those of you who don't know, STP is Systematic Transfer Plan.
In STP, you invest the lump sum money (say 25 L) into a liquid fund and transfer 1 L every week to the equity fund of your choice.

It is sort of like an SIP but better for people who have a lumpsum to invest.

Now STP has a few variants:
1) Regular
2) Flex
3) Booster
Read 12 tweets
Nov 29, 2020
Thread on #MyCovidJourney and some things I learnt along the way.

Will be happy to answer any questions that I can.

Please ask - I have nothing better to do and my limited internet connection only allows twitter and whatsapp.
First questions first - HOW DID I GET IT?

No confirmed answer but most probably I got it from Cocoon hospital when I went there for a checkup on 18th November. It was a closed AC space where I had to wait for slightly less than an hour.

That's the only exposure I had.
I believe I have been extra careful during the entire crisis, more so because my wife was pregnant after 9 years of marriage.

This is our first kid.

The only other possible source of infection is amazon / swiggy / medicine delivery folks but that is highly unlikely.
Read 36 tweets
Oct 10, 2020
Here are the details for @Tata_Crucible
2020

Round 1 - Open for all. Select 100

Round 2 - 100 from a cluster. Select 12

Round 3 - Two semifinals to select 6 out of 12.

Round 4 - Cluster winner to be decided from 6 of previous round.

Winner gets 35000
Runners Up gets 18000
Round 5 - Two semifinals to select 6 out of 12 cluster winners.

Round 6 - National winner to be decided from 6 of previous round.

Winner gets 250000
Register here: learning.tcsionhub.in/EForms/configu…

Last Date to register: 20th October

Round 1 will be conducted on 27th October.

Important - you can participate alone. No team member required
Read 6 tweets
Sep 8, 2020
Thank you @dmuthuk
Couple of things I want to add to this.

1) I just wanted to appreciate Muthu for all the gyaan that he gives on twitter. More often than not, I like what he says and I agree with him.

Muthu is a big fan of ITC so the dividend reminded me of him and hence the tweet.
2) Personally, I am not a fan of ITC as a stock. It is just something that I own a small quantity of, as you can see from the dividend amount.

It can be there as a small part of your portfolio as a defensive stock for diversification and never more than 5% of portfolio value.
Read 4 tweets
Sep 22, 2019
Going to watch a school quiz today by @canarabank conducted by @makebighappen

Will try to live tweet the questions.

General quiz. Content by @greycaps

Me with the QM.
Pretty decent set up.
Students are given a handout before the prelim. Couple of questions would be from it.

Great idea to ensure kids learn something.
Read 25 tweets

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