Newsletter CS Rajiv Bajaj 5th february,2015

1. www.csrajivbajaj.com
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THOUGHT OF THE DAY
“One key to successful leadership is continuous personal
change. Personal change is a reflection of our inner growth
and empowerment...”
Law Updates:
 Gujarat Govt. mandates e-filing of monthly VAT returns and audit
report; amends Gujarat VAT Rules.
 RBI has allowed banks to offer deposit schemes up to Rs 1 crore which
cannot be broken prematurely — so-called non callable deposits — but
which can attract different rates of interest.
 For the first time in over two decades, Indian stock markets will remain
closed on Budget day i.e. February 28, 2015.
 Subrata Roy's get-out-of-jail deal is mired in mystery. Details about
Saransh Sharma's past, Bank of America's assertion that it has nothing
to do with the deal could thwart Sahara's efforts to free Roy.
 Home Secretary Anil Goswami resigned from his post late on
Wednesday after being told to quit or be sacked amid allegations that
he had tried to influence a CBI investigation. He has been replaced by
Rural Development Secretary LC Goyal.
 French telecom group Orange has explored purchasing some assets in
Africa including ones owned by India's top mobile phone carrier Bharti
Airtel, as the company seeks to strengthen its business in Africa. But is
is less interested in Bharti's assets in English-speaking African
countries
PROFESSIONALS INPUTS:
 The Reserve Bank of India released the names of applicants of small
finance banks and payment banks, stating it received 72 applications
for small finance banks and 41 applications for payments banks.( Press
Release : 2014-2015/1639 dated 04 Feb 2015).
 RBI Governor Raghuram Rajan said that there is a need for increase in
tax exemption limit under section 80C on financial investments by
individuals. Currently Section 80C allows investments up to Rs.1.50
lakh
MARKET WATCH:
SENSEX: 28993.75 110.64 NIFTY:8751.50 27.80
SILVER:38492.00 121.00 GOLD (MCX): 27875.00 146.00
USD/INR: 61.93 0.18 CRUDE OIL: 3006.00 -58.00
CS Rajiv Bajaj
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Date: 5thFebruary, 2015

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Kishore Biyani
Future Group
“Kishore Biyani is Among The First Generation Most Successful Indian
Entrepreneurs Who Started His Career From Selling Stone-Wash
Fabrics, While In College To The Biggest Retailer In India.”
Future Group- Brief Profile:
The Flagship enterprise, Pantaloon Retail and the group operates 16 million square feet of retail space
in over85 cities and towns, 65 rural locations across India. Headquartered in Mumbai, the group
employs 35,000 people and is listed on the Indian Stock Exchanges. This success is not due to any
“rocket science” but simply using “creativity and innovation” with an Indian mind set, what Kishore
saw around him while growing up in a Marwari family.
He Preached what he learnt:
He has beautifully explained how he went about achieving success in his book “It Happened In India”.
Very true and a must read book because all of the group’s success happened in India. His mentors:
Sam Walton of WalMart, USA and our Dhirubhai. He became the Eklavya of Mahabharata and learnt
about them through their books and followed them closely. His learnings from them: how to dream
big, how to build a business and how to create an organization that is able to scale up. And he has
achieved all that beautifully and professionally. He implemented their guru mantras, Sam Walton
quote, “Capital is not scarce; vision is”. And “There is only one boss, the customer. And he can fire
everybody in the company from the Chairman down, simply by spending his money somewhere else.”
Marketing Strategies:
He is the most aggressive marketer of India. For example, April 16, 2011 in Delhi Times of Times of
India, a full 2 page advertorial i.e. future group, The Great India Shopping Festival, 16th April to 15th
May. What he has done now, it started being done in USA from 50’s onward. And offer included 5
lakh assured gifts and prizes worth Rs.15 crore. From a modest Bania Dukandar to a towering owner
of Pantaloon; Big Bazaar and Future Group, he truly deserves “Bharat Ratna of Indian
Entrepreneurship”.
SUCCESS MANTRAS…
 There is only one boss - customer
 Learn how to scale up
 Vision is scare