When the pandemic hit, buyers called to cancel orders, and Babita found herself in a soup. “But if everything is being destroyed, it means a new building will come up. There is an opportunity here too,” she philosophised. Since she already had reams of tested cotton in stock, she decided to make masks instead of her usual products. Reaching out to Walmart’s group of 150-200 MSMEs in the Sonipat-Panipat area, she managed to quickly source a large supply of elastic bands at short notice despite the lockdown. And the factory was in production again. … [Read more...] about The tale of two entrepreneurs who adapted to lockdown and grew
Womens larger sizes
“NCR takes the biggest chunk when it comes to demand for fitness equipment. Mumbai has been left behind because of the coronavirus situation there. Bengaluru has had a lot of good activity. Historically, Gujarat is a little behind but it is actively picking up in the current times. Also, consumers in tier II markets are actively buying but smaller items only,” said Sood. … [Read more...] about Staying fit at home | Indoor fitness equipment sales grow nearly 60% during COVID-19 lockdown
Kabra 3D-printed a small prototype of the robot, which he tested in a lab, a swimming pool, and then the open ocean. (The small version, about two feet across, can collect 20 gallons of oil at a time; the same device can be scaled up to much larger sizes). He now hopes to bring the product to market as quickly as possible, as major oil spills continue to occur—such as the spill in Russia in June that sent more than 20,000 metric tons of diesel into a pristine part of the Arctic. … [Read more...] about This cute little robot floats to oil spills and sucks up the oil
- Earning members in the family: If you are single earning member of the family, then obviously your family’s finances face the risk of a single point of failure. So, it is better to first reach a six-month emergency fund quickly and then keep adding more to it gradually to increase the cushion for the family’s expenses. Something like 9-12 months. On the other hand, if both spouses work and the risk of simultaneous job loss is very low, then having 3-6 months’ buffer is good enough. … [Read more...] about When layoffs and pay cuts abound, how large should your emergency fund be?
- Phase 1 (1999 to 2005) – Successful domestic M&A: After having spent five decades in establishing a monopoly in white glue (Fevicol), Pidilite started acquiring and building other adhesive and sealant brands to expand its product portfolio and to extend the firm’s channel presence and intermediary influence. The acquisitions included: a) Ranipal in 1999 for Rs 4 crores; b) M-Seal and Dr. Fixit in 2000 for Rs 32 crores; c) Steelgrip in 2002 for Rs 10 crores; and d) Roff in 2005 for an undisclosed amount. Capital deployed towards acquiring these firms was approx. 11% of the total operating cash flows generated by Pidilite over this period. Most of these acquisitions have become monopolies in their respective categories by now and have delivered RoOCEs substantially higher than the cost of capital for Pidilite. Thanks to this phase of expansion, Pidilite has one of the most diversified distribution networks, with its products … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2