Next 20 years is really India's period, it is for us to lose: Manish Chokhani
Manish Chokhani, Director, Enam Holdings, says “I am not a believer that you make everyone poorer and distribute the poverty. You have to make everyone richer and pull them up. I am hopeful this happens and everything is back on balance. I have no axe to grind, I have no products to sell, no brokerage to run, no mutual fund to sell and I have invested myself. I really think the next 20 years is really India's period, it is for us to lose.”
You have said that when India's market cap was not even a trillion dollars, five corporate houses would be building the next couple of trillion dollars for us and that time you were vocal about Reliance.
BATAJ. Yes. We called it.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitYes. So which are the ones?
Birla, Ambani, Tata, Adani, Jindal are the centrepiece.
Which is the sixth, is the question?
All the Welspuns, the Torrents have explosive opportunities ahead of them. Welspun’s results are out. There is a mega bull market going on in steel, in the oil and gas space in the US, in Saudi where they are present, and in India; in water, because of the Har Ghar Jal project, have pipes going on there. They have acquired Sintex. They will do plastic pipes also to get into your home along with the tanks. So the degrees of freedom expand and if you are conscious about capital allocation and ROI, there is no reason why you cannot be showing 20-25% return on equity on a levered basis, on an expanding opportunity side. So a lot of these companies are going to do extremely well.
But in this
