Andhra Pradesh, and its former capital Hyderabad, has earned some notoriety as a place which has supplied a slew of dubious companies and entrepreneurs such as Ramalinga Raju. A whatsapp forward has a clever definition of such a person—the Andhrapreneur. It is a person who invests Rs10 in a company, raises Rs90 in debt, then purchases an asset worth Rs80 for Rs100 and gets the remaining Rs20 transferred by the seller to an offshore account, making a 100% profit for himself. Such persons run companies that are the most leveraged; they have already taken back their initial investment with a hefty profit much before the company even starts operations, while retaining the claim on most of the future profit (if any) and have passed on all the potential losses to the lenders and any fools who bought stocks issued by their companies.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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