www.csrajivbajaj.com

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THOUGHT OF THE DAY

“My mission in life is not merely to survive, but to thrive; and to

do so with some passion, some compassion, some humor, and

some style.”

Law Updates:

TP (Transfer pricing) adjustment for transactions with AE (Associate

Enterprises) set aside as comparables had functional differences and

higher turnover.

The Reserve Bank of India said that on all recognised non-resident

External Commercial Borrowing (ECB) lenders can extend loans in

Indian Rupees by mobilising Indian Rupees through swaps undertaken

with a bank authorised to deal in foreign exchange in India.

RBI Circular UBD.BPD. (PCB).Cir.No.47/09.16.900/2009-10 dated

February 24, 2010 on guidelines for transfer of Assets and Liabilities of

Urban Co-operative Banks (UCBs) to Commercial Banks.

PROFESSIONALS INPUTS:

Shipping ministry to ask for removal of customs duty on marine fuels for

vessels carrying cargo for transshipment.

Telecom operators have urged the Reserve Bank of India (RBI) to allow

their fully-owned subsidiaries to function as payment banks, arguing that

this will allow them to operate on a low-cost model and meet the

government's financial inclusion targets.

The country’s largest car maker Maruti Suzuki India, known for compact

cars, is aiming for the top slot in mid-sized sedan segment with its

upcoming model Ciaz.

Insurance industry is still attractive to many investors even though many

insurance companies are still making losses and the sector needs lot of

trained personnel to cope up with growth, Insurance Regulatory and

Development Authority.

MARKET WATCH:

SENSEX: 27014.81 125.13 NIFTY: 8071.65 42.95

SILVER:41850.0 0.12 GOLD (MCX): 27610.0 40.

USD/INR: 60.46 0.04 CRUDE OIL: 5757.0 0.19

CS Rajiv Bajaj

9811453353

Bajajr66@gmail.com

youtube.com/csrajivbajaj

https://www.facebook.com/Rajiv1Bajaj

http://www.csrajivbajaj.com

Date: 4th September 2014

www.csrajivbajaj.com

Anil Moolchandani- Chairman & M.D, Archies

“For the man who popularized greeting cards in India, the most treasured

learning comes from his kids, they thought him how to enjoy money.”

Anil is another Pioneering entrepreneur in greeting cards industry. Any pioneer starts an

industry incidentally and accidentally .An entrepreneur who pioneers an industry .In the final

analysis is the result of a rare mix of events. Anil, after graduation, was working in a family

owned Saree shop in Delhi .One of his friends presented him with two management posters

which he bought in Singapore. Anil displayed these posters in his shop and soon a few

customers coming to his shop wanted to buy the posters. This was in 1981 and slowly he got

into the posters business, and in 1984 he acquired his first foreign license from Walt Disney

for Mickey mouse and Donald Duck. The name Archies was decided by Anil from a dog in his

residential Colony. Simple!

As Anil was accidental entrepreneur and the Indian market for gifting was ready to take on

greeting cards very soon Archies became a house hold name .He opened the first of its kinds

shop in Kamla Nagar in 1987.The idea of an exclusive shop for cards came to him when he

saw such shops in South-East Asia. In life getting ideas is easy but executing them needs

much managerial talents plus entrepreneurial skill is required in addition to having the right

people on the jobs

During this period he went into relationships with several gifting Companies from around the

world to get their products, to Indianise them, to learn selling and marketing ways and to

maintain his position as number one. He still maintains a market share of 50%. Recently he

tied up with Hallmark Cards to open exclusive stores of the world’s largest greeting brand in

the country. Hallmark has picked up a stake in Archies to show their confidence in him.

In next five years Anil has targeted Rs. 400 crore plus 200 crore from Hallmark stores. He

will reach his targets because if he can reach here from a Saree shop, to reach “there” is very

possible because of his self-confidence and self- belief.