The Unusual BillionairesWhat makes a company truly outstanding? What is the secret sauce of delivering successful results over multiple decades? What is common to Asian Paints, HDFC Bank, Axis Bank, Marico, Berger Paints, Page Industries and Astral Poly? They are Unusual Companies, built by Unusual Billionaires. This book tells the story of these seven companies, handpicked out of 5000 listed on the stock exchange. Built by visionary business leaders, they have delivered outstanding results for a decade and more. How did these companies do it? Why couldn’t this be replicated by other companies? What are they doing differently? Saurabh Mukherjea, bestselling author of Gurus of Chaos, delivers an exceptional book with lessons to learn from these seven businesses. Mukherjea tells you why focusing on the core business is central to corporate success and how a promoter giving up control to the top management could be a boon. He also explains how investors can generate market-beating investment returns from identifying companies such as these using a simple set of metrics. Packed with these learnings are riveting corporate stories of how Hindustan Unilever made an aggressive bid to buy Harsh Mariwala’s business, but had to sell a business to him in a few years, or how Page Industries found an innovative way to stop unionization at their manufacturing units. Other stories include the turnaround of Axis Bank and the boardroom coup that led to its chairman’s exit and how Vijay Mallya sold Berger Paints to the Dhingra brothers. This book is mandatory reading for anyone who wants to understand how business is done successfully in India. |
Contents
250 Years in the Making | 16 |
From a Commodity Trader to an FMCG Giant | 33 |
Jockeying from Manila to Bengaluru | 60 |
Confounding the Sceptics Repeatedly | 80 |
The Power of Textbook Execution | 96 |
To the Brink and Back | 99 |
Greatness Is Not Everyones Cup of | 117 |
A Checklist for Longterm Investors | 135 |
John Kays IBAS Framework | 153 |
The Case against Churning | 191 |
Acknowledgements | 207 |
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Common terms and phrases
accounts acquisitions advertising allocation Ambit Capital research architecture Asian Paints assets Astral Axis Bank Bank’s Berger Bloomberg branch brand building CAGR cash cent Coffee companies company’s compared competitive advantages consistently consumer corporate cost CPVC created crore culture customers dealers decade director employees Engineer equal equity example excess Exhibit expansion firm focus focused followed funds given growth HDFC Bank helped higher ICICI Bank improve increased India industry innovation investment iteration Jockey June large-cap launched loans manufacturing Marico market share Maximum drawdown meeting Note offer operations past performance period pipes portfolio professional profitability promoters remaining result retail returns ROCE sector segment Sensex share shareholders Source start started strategy strong success sustainable told whilst