Wednesday, December 31, 2014

What I read in 2014

Amazon asked me to share my reading list in 2014 - a few old, a few new. Here goes:

Picks of 2014

1. Flash Boys by Michael Lewis -
This non-fiction book reads like a thriller - the scary part is it's all true. The greed and insanity on Wall Street is now driven by technology, just like everything else in our lives. Read it to learn many dirty secrets about the world of high finance.

2. Private India by Ashwin Sanghi & James Patterson - Aa book by Ashwin which has nothing to do with mythology? Now this I was curious to read. And I must say it was racy, well-plotted and the author has deftly added a nice Bambaiyya touch. A good book to read in-flight!

3. If Truth Be Told By Om Swami - This is the true story of an MBA from Australia who set up a hugely successful company, only to chuck it all up to go and head to the Himalayas in search of 'enlightenment'. Om Swami has candidly shared his own thoughts, insights and experiences - you might be skeptical whether 'such things really happen'! But you will never be bored or find it 'heavy' - and definitely some parts will move you, make you think about your own life. Your own truth.

All-time favorite Reads

1. You Can Heal Your Life by Louise Hay - Any time I am low or stressed I can pick up this book and find a 'pick me up'. This is a book packed with practical thoughts and ideas which you can actually use in day-to day life, whether it's work, relationships or money. I personally feel this is the most effective self-help book ever published.

2. The Dilbert Principle by Scott Adams - Office satire is not an easy genre but Scott Adams makes it seem effortless. I love Dilbert in comic form but the book takes the inanity of modern corporate life to the next level. Ha ha ha ha ha.

3. Yuganta by Irawati Karwe - I first read this book as part of a course called 'Leadership, Vision, Meaning and Reality' at IIM Ahmedabad where we learnt about leadership principles through classic books. Yuganta is a study of the main characters in the Mahabharata and every time I read it I learn something new.

Here's wishing you all a very happy, book-filled 2015!

Sunday, June 22, 2014

'Chef' - the movie, the menu for life

I saw the movie ‘Chef’ yesterday – and loved it. It happened without any planning – I was in the Fort area on a Saturday afternoon and thought of checking out Sterling. One of my oldtime favourite haunts. ‘Chef’ was playing an hour later (and the first search result on google gave the film 7.9/10). To bas, ticket le liya, aur movie dekh li.

‘Chef’ is a sweet little film about Chef Carl Casper, a guy who gets savaged by a food blogger and ends up having a spat with him. It starts with a public message on twitter and escalates into a mess where Chef Carl loses his job, his temper and his reputation.

The film is about how he ‘gets his groove back’ – as a chef, as a father, as a human being who is actually happy with himself. And it’s also a tribute to the power of the internet. The viral video where Chef Carl raves and rants at the food blogger destroys his career. But when he drives a food truck selling ‘Cubanos’ (Cuban sandwiches) from Miami to Los Angeles, the internet is his ally.

At each stop along the way, crowds gather like magic – thanks to tweets and 6 second videos posted on Vine by Carl’s ‘marketing manager’ – his 10 year old son Percy. On the other hand, the two weeks Percy spends with his dad teach him the value of hard work, of making customers happy, of putting your heart and soul into your work.

Coz you need old world thinking and new world thinking to do something really outstanding in life.

Another thought that came to mind was that sometimes the lowest point in your life – personally or professionally – is actually your biggest opportunity. A blessing in disguise. If Chef Carl had not quit his job in a huff, he would never had gone to Miami, never done something crazy like Cubanos, never spent time with his son. When you reach that lowest of low points you have nothing more to lose. The only way you can go is ‘up’!

The movie also brought out the tension between the capitalist and the creative soul. The owner of the restaurant was only paying lip service when he told Chef Carl ‘this is your kitchen’. What he meant was this is your kitchen to work in – the way I want you to. Because hey – I own the premises, I bought the equipment, I pay the salaries. But hey – you don’t own my soul.

The creative mind wants to spend its time creating something beautiful. Whether it is with words, with notes, with film or with food. He doesn’t want the hassle of paying the bills – for that he capitalist support. This can be a partnership which creates lasting excellence - if the guy with the money and the guy with the ideas find a formula to work together – and stick by it.

On the other hand we will see more and more creative people becoming entrepreneurs because – it’s much easier today. The internet has made it possible for a small, creative business to set up shop, to get customers, to build a reputation and even attract investors. So if you’re a creative soul who feels hollowed and sucked out by your capitalist employer – go watch this film.

You may finally gather the courage to throw down your ‘apron’ and walk into the Great Unknown.

Feeling light and free and happy because you have the power to create a Whole New Life.

Thursday, June 05, 2014

B for Buffett, B for Bansal

Sharing a light-hearted piece I recently wrote for Outlook Magazine on the editor's request. The context is the merger of Flipkart & Myntra (both owned by Bansals).

B for Buffett, B for Bansal
by Rashmi Bansal

The recent merger of Messrs Bansal & Bansal (of Flipkart) with Mr Bansal (of Myntra) has created a Bansal Business of Brobdingnagian proportions. Add to that the Bansal who founded Snapdeal and the Bansal behind Lenskart and apparently 85 per cent of India’s e-commerce market is now with the Bansal Brigade.

Naturally, this begs the question, ‘Inki mummy ne doodh mein Bournvita milaya tha ya koi secret potion?’ Did they simply fall into a cauldron of extra-potent arhar dal which gave them superpowers beyond ordinary oily-haired businessmen? We shall wait for researchers from Sweden to produce a highly unreadable scientific report on this subject of vast and urgent national interest.

Meanwhile, the editor of Outlook has requested me to write this article off the top of my head, based on nothing but sweeping generalisations. Such a piece can be safely written only by a person bearing the ‘Bansal’ surname. Hence I take up the gauntlet on behalf of all my bania brethren and sistren.

First of all, let me say, this is a defining moment for all Bansals. The Guj­aratis have the Ambanis, the Marwaris have the Birlas and the Parsis the Tatas. This is our moment to stand in the sun without affecting our wheatish complexions.

You will not find a Bansal filmstar (Khan territory). You will not find a Bansal army chief (Singh territory). You will not find a Bansal chaiwallah (Modi territory). You will however find dozens of Bansal Sweets, Bansal Transporters, Bansal Jewellers and Bansal General Stores. We Bansals are the traders and shopkeepers of this nation.

While Bansal is the surname of the season, let me clarify they are one branch of a larger bania community known as ‘Agrawals’. The legend goes that Maharaja Agrasen had 17 sons and one daughter, whose descendants are known as Agrawals. There are 17-and-a-half Agrawal surnames (or got­ras)—including Garg, Goyal, Mittal, Singhal, Kansal and, of course, Bansal.

This information is largely irrelevant to the general public but of great interest to Agrawals themselves. When a Mittal aunty meets a Singhal one, both brains work at the speed of light to solve the Sudoku puzzle “Hamare ladke ke liye aapke dhyan mein koi acchha rishta hai kya?” You see, by tradition, you do not marry within your gotra (a Bansal does not marry a Bansal). However, these days pandits can be ‘persuaded’ to bless even such unions.

The Agrawals are a fluid community spread all over north India (and now, all over the world). In every state, they tend to adopt the local language and customs. So while one Bansal may be strictly sober and vegetarian (in the state of Rajasthan), a Bansal from Punjab will most certainly enjoy his Patiala peg with a piece of tandoori chicken.

Matrimonial advertisements from the Agrawal community are highly ambitious. Every boy (himself no Shahrukh) is seeking a Priyanka Chopra. The girls are more practical and settle for the guy with a modern mummyji and good bank balance.

Bania boys fall under two categories: family business and nerds. The first is self-explanatory, the second are sons of banias who believed there is no future in business. The dads joined “service” and encouraged their kids to do so too.

While the older generation went for banks, the younger one went for investment banks. The route to the corner office in BKC was through the Indian Institutes of Technology and Management. Ironically, the very first coaching classes for IIT ent­ra­nce were started way back in 1962 by G.D. Agrawal. For decades, Agra­wal Classes or ‘Agrus’ was the gold stand­ard in the ragda-patti of young minds by intense mathematical calculation.

It was only in the late ’90s and 2000s that the baton was passed from Dadar TT to little-known Kota. Where a certain Mr Bansal seemed to have set up a factory producing IIT-JEE toppers. Please note—four of the five e-commerce Bansals are IIT grads. The recipe for success is like masala oats—Kuch purani soch aur kuch nayi soch. The wheel has come full circle.

The nerds are returning to their roots. They have that killer instinct coupled with technical skill, professional thinking and international exposure. From a modest shop in Patparganj, these banias have simply graduated to the big league.

But remember, banias always operate with their eye firmly on the bottomline—paisa ban raha hai ki nahin. The new-age bania must build a brand and sell at a loss but paisa to aa raha hai. The bakras known as venture capitalists are happily pou­ring it in. Cause they believe it’s B+ (Business Positive) blood in those buoyant Bansal veins. Om Namah Internet!

(Rashmi (also a Bansal) is the author of six best-selling books on entrepreneurship. A future book on Bansal success stories may follow.)

Disqus for Youth Curry - Insight on Indian Youth