Thursday, 30 June 2016

#TICVacations - Learning to Fly

Welcome readers, #TICVacations is a special blogging series of theindiancapitalist.com. I will be on a epic solo journey to Tamil Nadu, Kerala and Karnataka. It is my sincere initiative to showcase the best of local industry, culture and food. This article is about my very first flight experience.



It was always on my mind. I always wanted my first ever flight experience to be for blogging purposes. I am invited as a business blogger by VV Mineral, India's largest mining, exporter and manufacturer of Garnet and Illeminet ( rare metals ). I flew to Toothukudi, famously known as Tuticorin from Mumbai via connecting flights. My first flight was Indigo 6E Mumbai - Chennai. Since, it was my first ever flight I reached 2 hours early at the Terminal 1B to be on safer side. There was huge queue for initial checks. Luckily, the indigo baggage counters were close by. Clicked a few selfies, uploaded tons of images and filled my facebook, twitter and instagram with check-ins. In middle class India, flights are still considered as prestigious. There is a reason why Mumbai's airport ranks second in Facebook check-ins after Changi, Singapore.

I had to find my way through and after a lot of enquiry, I finally got my boarding pass. Mumbai monsoon was playing its role by delaying my flight by 20 minutes. Soon, gate number 15 opened and I went inside the low-floor bus which reminded me of Mumbai's starbus. The bus reached our flight and within minutes. After clicking a few selfies I was inside the airplane. The first impression was similar to a Volvo bus although the cooling was kinda awesome! Some pretty ladies with tons of makeup were giving instructions which I chose to ignore as I had a window seat and I was pretty excited. The airplane started moving....

Minutes later, we were was on the runway. It gained speed very rapidly. I thought this plane would easily beat bugatti veyron ( that's a lie, btw ). It took us less than 60 seconds to cover 3.8 km runway. Luckily, With takeoff, I could see the vastness of the megacity Mumbai. My eyes could see as far as Dadar. The Bandra Worli Sea Link looked magnificent from the bird eye view. Few moments later, I could see Girgaum and Queen's neckless through the clouds. As the clouds got thicker, we were in turbulence. Clouds and vast blue sky as far as eyes could see. I could feel the pressure in my ears but I was on cloud 9.



About 100 minutes later, we were in Chennai and about to land. Soon I could see the port, national highway and even the newly constructed metro.


The landing noise of tyres hitting the tarmac was damn scary. After the flight came to a hault, we were in a hurry as the layover for Chennai - Thootukudi flight was just 1 hour. After wasting my precious time at baggage claim, I rushed to Spicejet boarding counters and went near to gates.

The gates were already open. The bus took us to our flight. Chennai - Tuticorin flight was the most adventurous part of the journey. Spicejet still uses Bombardier Q400 for smaller routes.


Bombardier Q400 has the technology of 1980s. Q400 are known for fuel efficiency and low maintenance thus used by many Indian airlines for smaller airports. We took off at super speed but it really was a rough ride. The airplane didn't seem to have been maintained well by Spicejet. It felt like travelling by State transport AC bus. Tuticorin has 3 small islands near its sea coast. I got to see the port, salt pans and thermal power plant from my window. The landing of Bombardier Q400 was harsh and it made a lot a noise ( meri toh fat gayi ). Exit procedure took less than a minute. Tuticorin airport terminal is smaller than most Konkan railway stations...frankly. Our chaffuer was waiting at terminal dropped us at GRT Regency hotel.

My first ever flight experience.. enchanting, wonderful and scary.

Tomorrow, I will be visiting VV Mineral factory. I sincerely thank the sponsors for sponsoring my stay and flight tickets. More tomorrow. #TICVacations #TICgoesSouth.
Do check out all the pictures on my insta page - instagram.com/the_indian_capitalist

- Chaitanya Kulkarni.
#TICVacations #GoingSolo

Friday, 17 June 2016

Oh no! You got a job.


My first job at Rs. 2,00,000 per annum. I was excited too as those six digits seems big for a 21 year old. Signed my first ever offer letter before getting graduation certificate. Those six digits would buy me some beer, clothes and even a vacation. But today by simple maths, I am realising it that it was the biggest mistake of my life. I undervalued myself like 99% Indians do.

Your parents invested time and money so that you could get a college education. Only 9 out of 100 students in India graduate from a NAAC A graded university. Most of us living in Tier 1 cities are automatically fortunate enough for good quality education. Our fortune should pay us more right. Wrong! The fact that we accept a 2 lakh pay fails us at self-evaluation of our skills.

Your 90% in school, 80% in high school and A grade in your graduation have taught you nothing. I hope you agree with this quote - ' Time is money '. If yes, then implement it in your salaries. Hope, we follow global standards of pays that is hourly wages. Next time when the HR asks you for your salary expectations, stump him by your answer. For example, say Rs. 150 per hour for 30 days including leave benefits.

Learn to earn more so that you don't crib on twitter when petrol prices go up. Your Rs. 2,00,000 per annum salary means Rs. 15,000 per month in-hand. In India, our pay in calculated for 30 days so that makes Rs. 500 per day which still OK. Europe, US, Singapore and almost the whole world excluding shitty countries have hourly wages. European and American fresher earn more hourly wages than senior managers in India. Graduates from NAAC A Indian university earn Rs. 50 to Rs.70 per hour. Is this the value of your hardwork and education. The picture is really sad when you compare the pay of Indian graduates worldwide.

A buzzfeed articles rightly calls us 'Urban Poor'. Pub hopping on weekends, Smartphone in our pockets and we are crazy for brands. All this show-off to make the most of our low pay. We dress for the jobs we want, forgetting that most salaries are tailored to afford dressing for the jobs we have. Majority of low pay graduates have no money to spend by 20th of every month.

When you're broke go and get a loan
Take out another mortgage on your home
Consolidate so you can afford
To go and spend some more when
you get bored. - Shania Twain

PS - Hourly wages may lead to hyperinflation in India. Hourly wages should be demanded on an individual level without making any change in Indian labour law.

- Chaitanya Kulkarni ( twitter.com/chai2kul )

Wednesday, 15 June 2016

GIFT City - India's upcoming global financial hub


The global finance business is ever booming. Global financial services industry is undergoing major reforms. New York, London and Zurich were classified as global financial hubs around 40 years ago. In the early 90s, Singapore and Hong Kong emerged as a natural choice for global financial investors. Smaller and highly efficient governance resulted in 'Ease of Doing Business'. Gujarat International Finance Tech City ( GIFT City ) is India's upcoming global financial hub situated between Ahmedabad and Gandhinagar.

GIFT City is planned as a financial Central Business District. GIFT will be classified into processing area and non-processing area. Processing area will include IFSC, techno park, commodity exchanges, global trading exchanges, banks, insurances and KPOs. Non processing area will consist of commercial buildings, hotels, restaurants, hospitals, schools and government offices. GIFT City will have a FSI of 3.65, one of the highest in India.

An IFSC caters to customers outside of its jurisdiction of domestic economy. Nearly all banks plan to open a Offshore Banking Unit in GIFT City. YES Bank, ICICI Bank, Kotak Mahindra Bank, IDBI Bank etc have already started their international banking unit operations. Since launch, IFSC business in GIFT City have reached $250 million milestone in just 6 months. By the end of FY17, IFSC business in GIFT City may reach $1 billion. It is estimated that $50 billion worth of international business is conducted outside of India in absence of IFSC in India. GIFT City and Mumbai's BKC IFSC may employ 2 million people by 2020.

As observed globally, IFSC gives boost to local economy and improves the standard of living. In the span of 30 years, Singapore and Hong Kong have emerged as wealthier nations. IFSC are an invitation to high pay jobs which adds impetus to consumption GDP. Wealth adds to brand image as IFSCs around the world attract international businesses and tourists. With Metro, AC buses and ICT, GIFT City is truely an utopia of urban living.

GIFT City has signed a Memorandum of Agreement with Singapore International Arbitration Centre. Any successful IFSC requires an efficient dispute redressal mechanism. SIAC is widely used by indian companies. According to MOA, SIAC will establish a representative office in GIFT IFSC.

Major stock exchanges, banks and insurance companies are moving their business to GIFT City. State Bank of India will have its own building with 2 lakh square metre space. Reliance Capital is also planning to build its own building. 5 foreign banks are awaiting clearance from RBI to set up operations in IFSC.

TheIndianCapitalist.com's take

Gujarat's GIFT city is at its initial phase. Major financial services are planning to run its operation at earliest in GIFT but are reluctant because of lack of public infrastructure. Ahmedabad Metro and BRTS will connect with GIFT City in future. Success of any CBD depends upon its strategic location and connectivity. TheIndianCapitalist.com is of a view that GIFT IFSC and Mumbai BKC IFSC can co-exist.

- Chaitanya Kulkarni ( theindiancapitalist.com )

Friday, 3 June 2016

Datsun redi-GO : A car for ready-to-go generation


The small hatchback segment caters to major demand in the indian automobile market. Crowdy cities force India's middle class to go for small car. Datsun has launched all new redi-GO. Datsun redi-GO is an entry level hatchback designed for first time buyers. theindiancapitalist.com reviews Datsun Redi-GO. Let's look for what we liked about Datsun redi-GO.

Design

The Datsun redi-GO has good driver height for people above 6 foot. The redi-GO boast a tall boy design with some sharp and dynamic elements. Datsun redi-GO is the entry level hatchback to offer day time running lights. The dashboard feels premium at its price. Redi-GO comes inbuilt with audio system which can be connected to your mobile. A better riding position would boost your confidence and you could enjoy the drive. Boot space is ample for your shopping needs.

Practicality

Can it defeat a F-16 jet in a drag race? No. The Datsun redi-GO a family hatchbatch designed for people who want a conformable ride with their loved ones. It has 799 cc engine and 5 speed manual gearbox and can easily touch 100 kmph on Mumbai's eastern freeway. The redi-GO has the segment highest ground clearance of 185 mm. Datsun redi-GO will surely give your freedom from Mumbai's potholes and speed breakers. Datsun says that redi-GO has the best braking in the entry level hatch segment. The compact design of Datsun Redi-GO provides the ultimate manoeuvrability with full turn in just 4.7 metres. It also comes with electric power steering and airbags. Overall, the datsun redi-GO is well engineered product.

Pricing

Before we tell you the price, we talk about the average. The 799 cc powered Datsun redi-GO provides a impressive fuel economy of 25 kmph. A 600km trip to Goa from Mumbai would just cost you around Rs. 1800. Epic ride quality and fun with loved ones and redi-GO would give good vibes. The Datsun redi-GO will be launched on 7th June. The Indian Capitalist predicts that the datsun redi-GO will be priced around Rs. 2,50,000.

A smart pricing point for a well engineered car would demolish the competition in entry level hatchback segment. The Indian Capitalist gives thumbs-up to Made in India datsun redi-GO. The Datsun Redi-GO is a combination of fun. freedom. confidence. The ultimate Urban Cross - Datsun redi-GO - the capability of crossover with a convenience of a hatchback. The datsun redi-GO is the perfect ready-to-go car for today's generation.

This post contains sponsored links from Datsun India

- Chaitanya Kulkarni ( twitter.com/chai2kul )

Wednesday, 1 June 2016

TheIndianCapitalist.com - India may grow at 8.4% in FY17


India is poised to be the fastest growing economy for next 15 years. On 31st May 2016, India's Central Statistical Organisation released core sector data and GDP numbers for FY16. Major market players like Nomura, Care Ratings and CNBC expected India GDP FY16 Q4 at 7.6%. We, at theindiancapitalist.com expected Q4 GDP at 7.8% just minutes before official release. IIP data growth increased the expectations of many. India's GDP grew at 7.9% in January - March quarter of 2015-16 taking overall economic growth to five-year high of 7.6% for the entire fiscal.

Nearly 50% of India's population is under 25. India's GDP may reach double digits driven by higher consumption by both rural and urban Indians. The Indian Capitalist expect India's GDP for FY17 to grow at 8.4% making us the fastest growing economy in the world. Our analysis and forecast for FY17 is as follows.

India is a shining star in global economy. With 8.4%, India may retain the spot for fastest growing BRICS economy beating China by nearly 2%. India's higher GDP is backed by increasing rural demand. Agriculture, electricity, telecom and cement are expected to be the growth drivers for India's economy.

India is facing severe back to back drought. The most affected states are Telangana, Maharashtra, Andhra Pradesh, Madhya Pradesh and Uttar Pradesh which are considered to be India's green belt. Agriculture grew by mere 1% in FY16 but there is reason to cheer as IMD has predicted above normal monsoon in FY17. Half of India's population live in rural areas and agriculture is the largest occupation. Better rainfall will lead to higher incomes and thus more consumption. India is expecting bumper demand in agriculture which will help to revive industries as well as services. Bumper supply in agriculture will shadow higher fuel prices and will keep inflation under control.

PM Modi has set an ambitious target for 24x7 electricity across India. India has undertaken a task to electrify 18,000 villages in 1,000 days. The project is digitally monitored through mobile application published by Rural Electrification Corporation. As of May 2016, 8,012 villages have been electrified and connected to the grid. Core Sector data of Q4 FY16 GDP shows stupendous 15% growth in electricity. In 302 days, 9,985 villages will be connected to the grid. By March 2017, all the villages in India will have electricity.
9.7 crore LED bulbs have been sold under UJALA scheme. All the cities in India will have LED street lighting by 2018. India is poised to become a leader in global LED market with the market share of 13%. LED lights will save 20,000 MW electricity every year and Rs. 40,000 crore annually on power bills. Renewable energy space is yet to pick up pace.

In telecom, it's a battle for 4G. Reliance Jio Infocomm with the investment of Rs. 1,50,000 crore will commence operation in Q3 FY17. Data speed wars and attractive pricing will improve the customer base of 4G. Jio is planning to add 10 million customers for 4G within 3 months of launch. Telecom analyst suggest that 75GB 4G may get as cheap as Rs. 200. With more and more people coming online, FY17 will be the golden year for click and brick companies. By Q4 FY17, India will have 1,50,000 kms of fibre optic cable laid. RailTel, the internet arm of Indian Railways will connect 100 railway stations with high speed Wi-Fi. Mobile handset maker Foxconn may start its mobile manufacturing factory by March, 2017. Telecom sector will see Acche Din in FY17

Cement sector may see a improvement in demand for FY17 due to pickup in construction activity and favourable monsoon. Work on major infrastructure projects like Katra - Banihal rail link, metro rail and widening of national highways will add impetus to cement sector. theindiancapitalist.com expects Cement sector growth at 6% in FY17 compared to 3% in FY16.

Momentum is building up faster than anticipated. India's GDP success will spell out positive story that soon there will be recovery in private sector. Those criticising GDP numbers are themselves clueless about the solution. Investments will flow in FY17 thus cheers to the future.

- Chaitanya Kulkarni ( Founder, theindiancapitalist.com )

Friday, 27 May 2016

TheIndianCapitalist.com - 5 Brands that made it big in 2016



Good companies make you think. Great companies make you feel. To be disruptive, you gotta make something that is unimagined. Your innovation will be the fear for your competitors. Create something unique at a price point that will create ripple in the market. This week, theindiancapitalist.com lists 5 desi brands that made it big in 2016.

1. National Payment Corporation of India

NPCI is an umbrella organisation set up for retail payments system in India. It was set up by RBI and Indian Banks Association. Digital payments is a global hot topic as it curbs money laundering and corruption. NPCI aims to switch notes and coins with digital currency across India. NPCI has tied up all scheduled commercial banks and is successfully building the digital banking structure with various regional rural banks.

NPCI is widely known for IMPS, RuPay, UPI and Bharat Bill Payment System. RuPay is India's very own payment gateway. Every payment transaction from Re 1 is backed by OTP which makes RuPay the safest gateway in the world. RuPay debit card has a market share of 38% with 645 million debit cards so far. NPCI's eureka moment was the Unified Payment Interface. UPI is an inter-allied mobile payment service which allows you to pay instantly from mobile without downloading any app. UPI can collect money from customers by sending them reminders. For eg., LIC can ping you for payment of your premium and you can just pay by clicking on the pop-up. Truly revolutionary! India now has the most sophisticated public payment infrastructure in the world.

2. Patanjali Ayurved Ltd

Patanjali Ayurved has started a war in FMCG space against MNCs. Patanjali has a strong market share in toothpaste, soaps, ghee etc. Patanjali has a brand wagon of nearly a 100 products which are manufactured in Patanjali Food and Herbal Park, Haridwar. CFO Balakrishnan announced that Patanjali has crossed Rs. 5000 crore turnover in March 2016. Global FMCG players like HUL, Colgate, Dabur and Emami are estimated at around the same margin as Patanjali. Patanjali expects its turnover at around Rs. 12000 crore by 2017 says Baba Ramdev, CEO, Patanjali.

March 2016 earning of HUL, Colgate, P&G, GSK Consumer data suggest that 'Sampoorna Swadeshi' Patanjali has defeated these brands by turnover. FMCG was considered to be the safest business by market but attractive pricing and quality products have created a massive dents in this space. Patanjali is in talks with e-commerce giants like Amazon and Flipkart for an exclusive product space.

Patanjali is operated at non-profit module and spends around 15% in R&D nearly double than its competitors an they have plans to open new food parks in Latur, Bundelkhand and in the North East. Patanjali also plans to open 50 Mega stores and 10,000 small stores through franchising. They also have plans to enter the baby care products market and sport wears to woo young Indians. The global craze of herbal products may make Patanjali an international player by 2018.

3. Rural Electrification Corporation

Both urban and rural citizens have equal right to electricity. Electricity is core component in GDP measurement. FMCG, Agriculture, Telecom sectors depend heavily on electricity. Yet, 18,000 villages in India didn't had an electricity connection as on March 2014. REC and Ministry of Power are working on an ambitious plan bring electricity in all villages under 1,000 days.

The progress of the work is digitally tracked. Garv mobile application shows that around 7,000 villages are successfully joined to grid. Most of these villages are in jungles, mountains and are basically cut with modern amenities because of the terrain and poverty. Data suggest that all 18,000 villages will be connected to grid by 2019. REC is also developing SMS based alert system which will update the user regarding power cuts and power savings.

4. LYF Mobile

LYF Mobile is a mobile handset company of Reliance Industries Ltd which specialises in 4G VoLTE devices. The company was launched in 2015. LYF Mobile is the second largest LTE seller in India after Samsung which the market share of 7%.

TheIndianCapitalist.com expects LYF to be $1 billion brand by Diwali 2016. LYF phones are currently manufactured by ZTE Communications in China. LYF has made a deal with Hon Hai Precision Factory ( Foxconn ) which may manufacture in Maharashtra. The real success of LYF depends on Jio. Reliance has invested Rs. 1,50,000 crore in Jio.

5. Tork Motorcycles

Tork Motorcycles is a start-up from Pune which specialises in electronic bikes. Electronic bikes have a image of slow speed, low battery back-up. Pravin Shelke, the mind behind Tork decided to change this forever. Tork Motorcycles has developed an electronic bike which is faster than 82 motorbikes including KTM and Yamaha. A video on youtube shows that Tork motorcycle prototype did 0-100 kmph in just 8.2 seconds. Tork Motorcycles have won in several world rallies.

Tork Motorcycles has raised angel funding from Ola. They plan to launch Tork T6X by December 2016. Tork T6X will have 100km range, cloud computing, GPS navigation, quick charging. Currently, a single 100% charge takes 4 hours but innovation and government reforms may bring revolution in electronic vehicle segment.

Special Mentions - ISRO, Jio, RailTel, Coal India, Adani Ports.

- Chaitanya Kulkarni ( theindiancapitalist.com )