The reason marwadi getting hate in Maharashtra and Bengaluru.

That's unfortunate to be very honest. 
  
 I don't understand why people especially from our country are obsessed with blaming either other people or other people's success for their failure,  
  
 Have seen it happen in almost every context. 
  
 Those who are able to see beyond this go very far in life.

Software Test - QA

Consultant

It's also the community/caste effect. They are very strongly knit. A Marwari travelling somewhere just has to do a phone call, he will get all the food and accommodation and everything on the way and on the destination.

Humans can succeed only by helping each other and not by creating obstacles for each other.

Software Engineer

Marwadi here with father's business running on phone (not even whatsapp)😂😂 This is sooo true.....

It is great to know. 
  
 I would suggest that if it is possible, then as a person working in the tech industry; you should make your father's life easier by teaching him WhatsApp and helping with him initial setup and everything. 
  
 If WhatsApp for Business is not too costly then that might become a game changer for him to make his life easier.

Customer Success

P.S. Ignore the second "with" in the image.

Welcome to Personal Finance's Private Community

Marwadis and their business acumen

Marwadis and their business acumen- Grapevine

85% of Indian billionaires are Gujaratis. A very small state with less than 5% of India’s population

Why are Gujaratis so successful?

UX/UI Designer

Welcome to Indian Startups's Private Community

Why Jaipur?

Product Manager

They definitely have great financial sense, negotiation skills and business acumen inculcated in them since early in their life. But saying that's equivalent to an MBA, especially after attending a tier 1 school is nuts !

After MBA Chaiwala and the 10-Day MBA, we have a newfound entrant in the market

Growth Manager

I really want to understand this. Anyone who can shed some light

Why are Sindhis, Gujaratis and Marwaris so good at business?

Business Development Manager

Honestly I had a very very bad experience with the app !!! 

Though they have a very strong sales team, who keep pushing. I guess their product manager is the dumbest of the dumb. 

Do you even care about your baby (product) ? Do you think you do justice for the fat paycheck ?

They have a preference option wherein mandatory and secondary can be input...

Oh my god shittiest implementation.... App Gives right opposite to selected preference.

Funny part is there are profiles, with religion as Hindu sub sect as Sunni... Religion Christian sub sect Brahmin :facepalm:

If any one is seeing this just install the app and use it for week dumbos...

Review on Better Half.ai

Software Developer

Second meeting with the guy, thought his outlook might improve because we had better numbers than the first meeting (few months ago). Didn't even remember the first conversation, or our business, didn't do any research on our startup or industry before the meeting. Kept forcing opinions on me instead of listening, same as the first meeting.

Extremely rude and a waste of time. He said many things no founder should say, that too for another founder.

(Pitching is difficult as is, rejection is common and it's very easy to get demotivated)

When I said I'll share my experience with other founders and startups so they don't engage with that platform, got a reply saying they'll send me a defamation notice if I do, and will also tell other investors in the community that we are doing this startup as a "hobby" and no investor will come onboard.

It's amazing to see the kind of arrogance some people have, especially in the investor and VC network. Would have loved to name and shame him but I have better things to do than to get into petty court cases with assholes. 

Fellow founders, please be very careful and choosy with who you talk to about your startup's fundraise. Indian VC ecosystem is mostly a circlejerk and a shitshow. You're better off raising from friends and family and even individual angel investors than trying to bargain with devils in disguise.

I will most likely stop pitching for investment altogether and focus on growing my profitability than waste time convincing idiots who'd rather throw money on pitch decks without an MVP and startups without PMF, revenue or profitability.

/endrant

Defamation notice threat: Pitching in India

Fuck the defamation notice. Don’t take shit from anyone, if someone crosses their line, reply to them then and there, so that you never think about that again. 
  
 VC and angel market is big in India now. No one has full control of the full ecosystem.  
 This is not Bollywood and there is not Salman khan and Karan Johar. 
  
 Here even fraudsters are getting second chance. Keep building.

Generalist

Welcome to Office Gossip's Private Community

Bharatpe saga continues

So on the first allegation here about the HR agency, have heard from a friend who worked there that it’s 100% true  
  
 There are paper records of new hires being rerouted through the relative’s HR firm

Analyst

Just saw this on LinkedIn. Why the hell is an ed-tech getting into fashion?

Creative Head

I wanted to start doing some business or take any franchise business ! Not passionate about any particular business but seriously looking to diversify my source of income from regular 9-5 jobs ! Since new looking for honest and like minded people to connect and partner with them to make a move! Any advice that can help is immensely appreciated

Looking for like minded people

The TATAs are known for starting businesses on the principles of philanthropy( being a Parsi following Zoroastrian faith)

This book covers how Cyrus Mistry(having his forefathers organisation SP Group holding 19.2% shares in TATA) was apppointed as the Chairman and was the shortest Chairman to be in the board, being fired by TATA just after 4 years(Nov 2011 - Sept 2016). He was fired of having personal interests to route business from TATA’s to his forefathers company SP Group of which Mistry was a 50% shareholder - thus not visioning for company’s best interests but his.

Natarajan Chandrasekaran(CEO of TCS - TATA’s organisation within IT umbrella) was a probable candidate but was shrugged off by the board considering he looked after TCS - the highest revenue generating business in TATA’s cap.

Chandra(Natarajan Chandrasekaran) was now appointed as Chairman.

The TATA could not continue as a family empire because kids could not be born to leading faces of TATA, unfortunately. But being Parsis and following certain Parsi rules, kids were adopted from extended families.
Ratan Tata is son-of-the-first-wife of Naval Tata(adopted by Navajbai Sett). Ratan Tata’s parents got divorced when he was 3YO, and he has been raised by his step grandmother thus.

JRD Tata was not a direct heir to TATA group either.

TATAs business line:
1822 - Trading Firm by Nusserwanji
1859 - Jamsetji graduated and masted commodities. Opened Cotton and Opium trade with China
1869 - Jamsetji along with father Nusserwanji bought and converted Oil Mill at Chinchpokli to Cotton Mill
1871 - sold this Cotton Mill
1874 - founded Empress Cotton Mills in Nagpur

Jamsetji set 4 long term corporate goals which included acts of PHILANTHROPY:
1. Iron and steel plant
2. hydroelectric power to india - 1915; completed by ratanji tata
3. world class institute of science - 1896 to 1909, Institute of Science and Technology, blr
4. World class hotel - taj palace, mumbai, 1903.

Summary: Book “the Story of TATA”

Founder

Welcome to Software Engineers's Private Community

He said “aap sab ko marana pdega”.. you guys have to work your ass off.

In one of the townhall at Koo, Co founder mayank bidawatka said “ham sab ko mrana pdega agr koo ko grow krna h” what’s your take on this statement?

They don't bargain and make us suffer 😭

Corporate Ambanis

Category Manager

There is big layoff 50% in reliance retail - jiomart B2B business.

Reasons
Very poor management, aggressive hiring, creating business that does not exist,  downfall of business.

Compensation -

Asked people to resign & said to serve notice 90 days.
No additional support or benefit.

Layoff in Reliance Retail

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart  since inception now amounts to Rs. 12,600 crore. And we are talking about  the flag bearer of India's success story 's performance in 16th year since its inception

After 16 years of existence should we still call Flipkart a startup?

Sales Manager

Welcome to News Discussion's Private Community

Link to article - https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/

What guarantee that Byju’s survives end of the year?

Product Designer

"Kattappa of Startups"... yeh kya dekh liya maine

Corporate Strategist

Just saw this screenshot showing how many salaried and business people contribute to ITR

All points aside ,who are these 15-16 people who have 100 cr+ salaries 
Mind blown!!!!😳

Marwadis and their business acumen

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