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Rise and fall: Retail chain Subhiksha founder Subramanian arrested Subramanian was

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V.Balasubramani

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Rise and fall: Retail chain Subhiksha founder Subramanian arrested

Subramanian was arrested under the Tamil Nadu Protection of Interests of Depositors (In Financial Establishments) (TNPID) Act.

Tamil Nadu Police's Economic Offences Wing (EOW) on Saturday arrested Subhiksha retail outlet chain founder R. Subramanian for alleged cheating of depositors of group company Viswapriya Financial Service to the tune of Rs.250 crore, police said.
An alumni of IIT and IIM, Subramanian floated Viswapriya Financial in 1991 and later ventured into retail under the brand Subhiksha.

Read more at: http://www.thenewsminute.com/articl...bramanian-arrested-34455#sthash.DGtF3uni.dpuf


Please also read the thread: http://www.tamilbrahmins.com/showth...4&highlight=Subhiksha+Retail+Store#post296594
 
Sad that Subiksha founder is arrested....Ecommerce firm Indiaplaza(originally fabmart started in 1999) founder Kothandaraman Vaitheeswaran is shattered and in deep pits and is unable raise $ 5 Mil..The Company which is a precursor to online shopping is now shut down while the likes of Flipkart(founded in 2007) and Snapdeal(founded in 2010) are able to command multi billion evaluations with hardly any profits! I think as a community we have not been able to piece together the ecommerce bandwagon which is the latest business model with sky high evaluations!
 
hi

once upon a time... i thought SUBHIKHA RETAIL IN MANDEVALI CHENNAI...looks good and jobs for many middle class gals....

its like saravanbhavan hotel owner case....
 
In Ecommerce and similar entities, the challenge is in scaling without getting stuck with unsold inventory pile ups.

Subiksha is a classic case of such scaling .

Also these require a white knight when they land into financial mess -typical liquidity crisis with financiers relied on ditching them when going goes bad.

Another company started with good faith by vaitheeswaran also ended as disaster

While bansals of flipkart , another venture snapdeal have done well because the founders belong to baniya class -known for business acumen.

To succeed , one requires astute business sense which it appears brahmins lack
 
To succeed , one requires astute business sense which it appears brahmins lack



Be specific in your comment.

There are Companies owned by Brahmins which are financially sound and doing good business for decades.
 
Conventional companies are facing the heat.

E commerce is not brahmins cup of tea.

I cannot think of a Ecommerce company started and owned by a brahmin doing well.

If you happens to know one , I would like to know about it
 

Some of these IIT and IIM businessmen will establish financial firm, cheat depositors to the tune of several crore, get arrested, and finally some judge will pronounce judgment to the effect that the prosecution has failed to establish the case beyond any reasonable doubt and will be free.

He then will be travelling in a BMW and visiting 5 star Hotel and enjoy all luxuries in life while the depositors who invested with all faith and cheated, will be finding it difficult to go in for a new chappal and will be found using the damaged one restoring it repeatedly.
 
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There are sob stories put out about depositers who run after extra interest and chase teak trees and chit funds.

those who do not invest wisely and take unreasonable risks are waiting to be cheated.

they say a fool and his money will soon be parted.

such people deserve to wear only old chappals.
 
We are talking about Subhisha Trading Services, a Retail Super Market established in 1997 with Headquarters at Chennai. Please go through letter of Mr. A. Sundararaman.

Mr. Sundararaman has concluded his letter as “The sole purpose of this letter is to INFORM THE PUBLIC, ESPECIALLY THE ELDERLY BRAHMINS, TO LEARN from THEIR MISTAKES, KEEP AWAY FROM THESE FRADUSTER COMPANIES AND MOST MOST IMPORTANTLY - ADVISE OTHER PEOPLE TOO TO REFRAIN FROM FALLING INTO THE TRAP OF THESE INDIGENOUS HIGHLY EDUCATED AND SEASONED SHARP-SKILLED FRAUDSTERS”

A.SUNDARARAMAN
On behalf of Viswapriya Investors Welfare Forum

Since that thread was closed, I was unable to post this information.

In India we have E commence market only from 2014 onwards.
 
Be specific in your comment.

There are Companies owned by Brahmins which are financially sound and doing good business for decades.

Success may be in the manufacturing sector; especially by Vaishnavite Bs. Even in this sphere, Smarthas failed - Enfield, Standard Motors etc. Lack of imagination, risk taking, bold approach are some of the important ingredients which Smarthas lack in business. Probably, we may thrive in food industry like Sri Krishna Sweets.
 
There are sob stories put out about depositers who run after extra interest and chase teak trees and chit funds.

those who do not invest wisely and take unreasonable risks are waiting to be cheated.

they say a fool and his money will soon be parted.

such people deserve to wear only old chappals.


Some in this Forum advocate rosy picture about investment and strive hard to push their ideas and failed.

All wear only old chappal, it will be new only when it is in show room, once started using it becomes old including what the poster wears for his regular use...lol
 
I do not wear chappals. I use open shoes which I change every year.

Senior citizen should not expose their feet by wearing chappals.

They can stumble or get them dirty and get infections.

Diabetic have to be extra careful as even a small injury takes a lot of time to heal.

Investments are the key to good living in the new economy.

Save and perish is the new mantra.

When interest rates fall to 6-7 % which it will , the wisdom of my post will be apparent.

That day is not far away
 
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I think compared to Banias the Brahmin acumen is either low or not applied (Why take the trouble!)..TB's lost out on the telecom revolution (Look at how Sunil Mittal from nowhere established Bharti Airtel & took it to astounding heights..He is a first generation entrepreneur)...Now the Ecommerce space (90% owned by Banias)...Only IT /Analytics seems to be our cup of tea
 
Analytics is a good field.

One of my relatives salary tripled in 6 years with two job changes to a whopping 23 lakhs.

this persons degrees are not from top engg or business colleges.

all initial entrants always do well
 
Save and perish is the new mantra.


There are people who still believe 'old is gold' and who have absolutely no need for any new manthra.

They know how to lead a very happy contented life with available resources.

Let those who preach new mantra, practice the same, thrive and thus enrich their life.
 
All cheer .

Someone is being given reluctant permission to practice investing instead of saving and thrive and enrich life.

This is the brahmin mindset in full glory,lol
 
Success may be in the manufacturing sector; especially by Vaishnavite Bs. Even in this sphere, Smarthas failed - Enfield, Standard Motors etc. Lack of imagination, risk taking, bold approach are some of the important ingredients which Smarthas lack in business. Probably, we may thrive in food industry like Sri Krishna Sweets.

Talking only about Enfield motor cycle. You should have picked up little investing tips from Krish44 instead of day in and day out going into Vaishnava Vs. Smarthas and various subsects of TBs.

If you had invested Rs. 55000 in Enfield in India in 2001. today you would be sitting on cash pile of Rs. 4.75 crores and would not have to bother about smarthAs doing bhAgawata-kathAs and mintng money.

http://economictimes.indiatimes.com/industry/auto/news/two-wheelers/news/meet-siddhartha-lal-the-man-who-turned-around-royal-enfield-into-eicher-motors-profit-engine/articleshow/46461712.cms?curpg=2

Krish44 became member of our forum in Dec 2013 and as on 29 Dec 2013 the share price was Rs. 4976,00 and today it is Rs, 18200.00,still a 3.65 times (365%) appreciation.

 
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If you had invested Rs. 55000 in Enfield in India in 2001. today you would be sitting on cash pile of Rs. 4.75 crores and would not have to bother about smarthAs doing bhAgawata-kathAs and mintng money

Sounds very interesting in Hindsight but what happens in most cases is that when that Rs55,000 doubles to Rs,1,10,000 mostly people will sell it with the satisfaction that their money had doubled in a short time . Very few people have the patience to wait for 5,10,15 years to see the their wealth growing in deeply undervalued stocks .
 
Talking only about Enfield motor cycle. You should have picked up little investing tips from Krish44 instead of day in and day out going into Vaishnava Vs. Smarthas and various subsects of TBs.

If you had invested Rs. 55000 in Enfield in India in 2001. today you would be sitting on cash pile of Rs. 4.75 crores and would not have to bother about smarthAs doing bhAgawata-kathAs and mintng money.

http://economictimes.indiatimes.com...rofit-engine/articleshow/46461712.cms?curpg=2

Well said! Enfield is the new cash cow for Eicher! What a turnaround by the young Siddhartha Lal! The investors have become multi crorepathis!
 
Sounds very interesting in Hindsight but what happens in most cases is that when that Rs55,000 doubles to Rs,1,10,000 mostly people will sell it with the satisfaction that their money had doubled in a short time . Very few people have the patience to wait for 5,10,15 years to see the their wealth growing in deeply undervalued stocks .

If one had invested in Dec. 2013 it was available for sub Rs. 5000.00 (Rs. 4976.00 precisely) today after 20 months you find your investment multiplied by 3.65 times to Rs. 18200/-.

There are some worthwhile points about investments in krish44's posts.
 
All cheer .

Someone is being given reluctant permission to practice investing instead of saving and thrive and enrich life.

This is the brahmin mindset in full glory,lol


All cheers

The thread is an eye opener for those who are greedy in investment in deposits promising lucrative rate of interest and thus fall victim.

Here we have an arm chair radical thinking torch bearer who often comment on Brahmin mindset without applying his mind. lol
 
How is it that much is being talked about "start-ups", ventures and so on, when we have seen that most such start-ups become "end-ups" very soon, cheating people also on the way?
 
Talking only about Enfield motor cycle. You should have picked up little investing tips from Krish44 instead of day in and day out going into Vaishnava Vs. Smarthas and various subsects of TBs.

If you had invested Rs. 55000 in Enfield in India in 2001. today you would be sitting on cash pile of Rs. 4.75 crores and would not have to bother about smarthAs doing bhAgawata-kathAs and mintng money.

http://economictimes.indiatimes.com/industry/auto/news/two-wheelers/news/meet-siddhartha-lal-the-man-who-turned-around-royal-enfield-into-eicher-motors-profit-engine/articleshow/46461712.cms?curpg=2

Krish44 became member of our forum in Dec 2013 and as on 29 Dec 2013 the share price was Rs. 4976,00 and today it is Rs, 18200.00,still a 3.65 times (365%) appreciation.


Is Siddhartha Lal a Smartha and a part time Bhagavatha? Due to failure of the earlier Management, which was in the hands of Iyers, the Company changed hands, doing well of late.

There is no guarantee on investment tips; even reputed portfolio managers failed in their research.

My argument is Iyers have not proved to be good and reputed industrialists. Despite industry-free situation during the late Kamaraj's rule, Iyers have not capitalized and achieved much.

Therefore, to be on the safe side, we may concentrate on food and its allied sections with minimum investment. Of course, without investment, a good profession is round the corner i.e. to join a Bhagavatha Ghosti.
 
Is Siddhartha Lal a Smartha and a part time Bhagavatha? Due to failure of the earlier Management, which was in the hands of Iyers, the Company changed hands, doing well of late.

There is no guarantee on investment tips; even reputed portfolio managers failed in their research.

My argument is Iyers have not proved to be good and reputed industrialists. Despite industry-free situation during the late Kamaraj's rule, Iyers have not capitalized and achieved much.

Therefore, to be on the safe side, we may concentrate on food and its allied sections with minimum investment. Of course, without investment, a good profession is round the corner i.e. to join a Bhagavatha Ghosti.

Appalam manufacturing has since been taken over by Lijjat Papad and in pickle business Priya pickles and Bedekar Achaars are ruling the roost. So first move advantage is lost.

The only advantage of joining a Bhagavatha Ghosti is that there is no piling up of unsold inventory or debtors defaulting in payment.
 
Appalam manufacturing has since been taken over by Lijjat Papad and in pickle business Priya pickles and Bedekar Achaars are ruling the roost. So first move advantage is lost.

The only advantage of joining a Bhagavatha Ghosti is that there is no piling up of unsold inventory or debtors defaulting in payment.

There is lot of 'unsatisfied demand' for ammAmi appaLam, kai muRukku and so on. Similarly, home-made pickles also will get readily sold, if quality is assured. Brahmins have still an edge over others in the food section.
 
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