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I am a retail investor and a sub-broker with Kotak Securities; and I have a complaint regarding the passback given to the retail investors in IPOs by way of cash or kind. Very often, many sub-brokers issue newspaper advertisements offering such passbacks to lure investors to invest in IPOs. I can give you the names of some such sub-brokers who issue ads in my city - Jamnagar,...

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Editors' picks

Regulations

Have the SEBI Board Meetings Stopped Discussing Surveillance Action?

Moneylife Digital Team

Aadhaar

Aadhaar: Despite SC Order, U-DISE under HRD Ministry Is Trac...

Moneylife Digital Team

Money & Banking

RBI Governor May Resign on 19th November for Health Reasons ...

Sucheta Dalal

ILFS Mess

Blackstone & Brookfield interested In IL&FS Headquarters. On...

Debashis Basu

Investor Interest

How Venture Capitalists Think

21 June 2007

Venture capitalists make risky bets so that technological breaktroughs become possible. Shreedhar Kanetkar describes a fascinating one

Imagine this. You meet a couple of guys you haven’t seen in years. They tell you about this idea they have: an electric car that will go from zero to sixty in four seconds-and that’s miles per hour, not kilometres. It will touch 130 miles per hour (208 km...

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Investor Interest

We have grown in assets but compared to other large groups, we are only beginning. I don’t want to be the biggest; I want to set up a good organization

21 June 2007 Some 30 years ago, Grandhi Mallikarjuna Rao used to cycle 25-30km a day in rural Andhra Pradesh collecting money for the rice, spices, jute or grains he had supplied. Rao was a mechanical engineer, the first graduate in his family living in a village not far from Vizag. Today, Rao oversees assets worth Rs15,000 crore in power, roads, and airports. Though Rao is extremely low profile, when you think of private initiative in Indian infrastructure, you have to think of GMR. Rao ente&url=https://www.moneylife.in//article/we-have-grown-in-assets-but-compared-to-other-large-groups-we-are-only-beginning-i-dont-want-to-be-the-biggest-i-want-to-set-up-a-good-organization/1981.html" target="_blank" >

ML: Could you tell us something about your family and your childhood.
GMR:My family came from a small village called Rajam, 100km from Vishakapatnam (Vizag). We were in a trading family buying jute and grain from the farmers and selling it to the mills. We are four brothers and three sisters and nobody was really educated. I was the third son. I had failed in my SSLC (secondary...

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