Cut to today – the company in question, Indiabulls Financial Services, has the globe’s top rampaging bulls, namely Goldman Sachs, Morgan Stanley, Fidelity Funds, Merrill Lynch, Farallon Capital and Crown Capital Limited along with the bold & bountiful L. N. Mittal holding more than 1% of its stock individually. So what gives? How could this company – which started with an utterly hackneyed model (post the dot com crash imbroglio) of recruiting down market sales executives to sell their online trading site to retail investors hit it big?
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative