Comments on: Trip to IIM Ahmedabad

By: K Srinivasan

K Srinivasan — Fri, 19 Oct 2007 10:34:19 +0000

Hi Basab
It was sad to note the suddent demise of Prof.Vora. I am sure all who went the the rigour mortis would remember him and the things he did to the student. At IIMs as usual it is not what you know , it is always what you do not know.

By: Weekend Lessons… « Inside IIMA PGPX

Weekend Lessons… « Inside IIMA PGPX — Thu, 19 Jul 2007 08:58:30 +0000

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By: Anurag Kedia

Anurag Kedia — Thu, 05 Jul 2007 18:07:08 +0000

Hi Basab,
Have been a regular reader, but leaving a comment for the first time. I am from the IIMA, batch of 2004, and had gone to the campus to attend a LEM workshop and learn from the experiences of entrepreneurs, having taken the plunge recently. Did not know you were at the campus as well, else would have loved to say a hello to you - anyways, some other time!

By: Shefaly

Shefaly — Thu, 05 Jul 2007 10:09:23 +0000

Hi Basab, thanks for clarifying on Subhiksha.

For us, LEM meant Sunil Handa (mostly) and some other local entrepreneurs with whom we had to do real-life ‘consulting’ projects. It is interesting to see the scope and flavour has changed so much.

I should really get in touch with Arvind again. Thanks.

By: Krishna

Krishna — Thu, 05 Jul 2007 03:40:45 +0000

Great job, Basab. I wish successful people like you should occasionally visit your Junior/Senior School too to stimulate those young minds. They need conviction more than anything else. By doing that we’ll have less and less to carp about India in future. Keep up the good work.

Talking of Subhiksha’s IPO ? To get a primary allotment in any retail IPO will be a pipe dream for sometime - after Vishal Retail got listed yesterday at Rs.752 (178% premium over listing price of Rs.270). Vishal IPO was oversubscribed a massive 81 times (Retail 59.7x, HNI-370x, QIB-54x). The hangover will last for a while.

Subhiksha IPO should get even better response… has a unique format. All of its stores are non-air conditioned with no frills and simple ambience. To keep costs low, many of its stores, in fact, are situated on higher levels than ground floor. That explains why it didn’t have to face the ire of local street vendors as did Reliance `Fresh’ stores elsewhere.

Subbu is a smart guy…

By: Basab

Basab — Thu, 05 Jul 2007 03:29:13 +0000

Shefaly,

I googled it and according to Subra, it means “giver of good things in life” as per an article here http://www.indiaretailbiz.com/blog/2007/06/21/subhiksha-to-raise-rs-500-crore-expect-an-ipo-anytime-this-year/

Arvind teaches Marketing but is also Chairman of the PGPX program (IIM A’s exec MBA program). Most of the sessions were with PGPX, except a LEM class with the PGPs.

By: Shefaly

Shefaly — Wed, 04 Jul 2007 19:37:32 +0000

Hi Basab, those are some interesting trends.

For some reason, the name Subhiksha (translation: good alms?) remains an enigma for Hindi-speakers, I think.

Having somehow managed to get an ‘A’ in a Marketing IP, (previously unheard of, especially coming from Professor AK Jain), I could be forgiven for being a tad proud But even now the thought of Professor Vora (RIP) and Professor Jain, and Modern Bakery, immediately brings to mind these simple yet profound questions:
Does anybody remember bread is a perishable?
What IS this animal called need?

I did not realise though that Arvind Sahay was exploring tech entrepreneurship now (or have I read that wrong?). When he was at LBS, we did some research together on mobile business models, and part of our work appeared in Gita Piramal’s Smart Manager magazine.

Thanks for sharing!

By: Anand

Anand — Wed, 04 Jul 2007 19:06:24 +0000

Hi Basab,
Good to hear some news from IIMA. I am also an alumni ( PGP97) and was saddened by the death of Professor Vora. We lost a great teacher and a great human being.
And Yes, Ahmedabad does have great infrastructure, though the city is largely underrated when it comes to IT.