Business

Rajat Synergy’s Opinion on Hindenburg report on Adani Group

I had to mention my surprise at a new economic phenomenon

“Principal Of Borrowed Richness “.

Lucknow (Uttar Pradesh) [India], February 1:  The post-2014 era of the Indian Economy was blooming with A fascinating Underdog story of ADANI GROUP –  a first-generation Indian entrepreneur making it to the top 3 of the world’s richest list. A story that has now come to a  chapter filled with turmoil due to an international research firm Hindenburg’s  report disclosing the ways n means by which ADANI GROUP’s wealth is accumulated, where everyone who mattered in running The Indian Economy including regulators, policymakers, operators, official watchdogs are in “Hand n Gloves” to justify that “End Justifies The Means.”

Indian Economy’s History is filled with such case studies which have concluded on either side of the ile.

 From 1980s India, We have Dhirubhai Ambani’s famous similar expose by Indian Express’s Gurumurti where the end  Dhirubhai emerged out even stronger, brighter after a rough patch of media and court trials on RELIANCE.

From 2000’s India, We also have a case study of SATYAM’s Ramlingaya Raju, Kingfisher’s Vijay Malaya where they could not defend themselves against the allegations, charges & media Trials against them & they Perished finally.

In Pre 2014 Era, When the economy was showing some gloomy signs of growth, we witnessed daring Family Business Entrepreneurs like Kishore Biyani & Vijay Mallya, who had borrowed heavily for the working capital requirements to fund their mammoth ambitions by hypothecating their intangible assets like “brand equity” & “logo” had faced similar rough patch when the economy was sluggish, unstable & with no certain sign of recovery during the year  2010 era, both these companies suffered so very badly. Future Group company had already sold its equity in bits and pieces & it’s painful to see a similar happening with the absconding poster boy Family Entrepreneur Vijay Mallya, who had also put various of his companies on sale in bits n pieces. 

 Then came the iconic Indian economic case study of creators of very successful International Brands, which made them Poster Boy Entrepreneurs out of  Family owned Enterprises, I.e.  Neerav Modi, Mehul Chowksi, and Vikram Kothari who were just reflections from the tip of the iceberg of this latent economic phenomenon which is bringing bad fame to Indian Family owned Enterprises  Fraternity at Large.

Hence proves why this “Principle Of Borrowed Richness” is not taught in any of our Business Schools; these examples reaffirm what our elders have taught us about managing “Business with Ethics” – “when you borrow, consider it as A LIABILITY & not as BORROWED RICHNESS”.

https://www.facebook.com/rajat.pathak.94?mibextid=ZbWKwL

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Leave a Reply

Your email address will not be published.