Wednesday, March 9, 2011

Time to fly

Getting a confirmation from able souls, on what you wanted to do in the first place, is a very reassuring feeling.
I have been wanting to write a lot on the events of past few months, but have been holding back, for it might be averse and jeopardizing my already dwindling career.
Writing not only clears my clogged thoughts but also correlates the events of past into a lateral motion.
It is easy for self and others, especially in this virtual world to make sense out of irrationality of the place called “our world”.
Doesn’t make much sense! Does it? That’s the point! This world does not make much sense, we are just trying to act intelligent, which is just a way of survival and quest for an improved and a unique DNA.
So let’s see, what happened here!
Like an annual event, as it has started happening these years, the assets of the company that I have built over past decade were up for public auction, and the hammer went down on the 9th of February 2011.
Besides the fact, there were no bids for the unit, which might take a new enterprise to incur a couple of million to set up, the mortgaged property belonging to my mom and dad, did get auctioned for half the market rate. I had surely not expected anyone to bid for a property belonging to my father, who is well known to be shooting around for no reason, but then even dawood’s property had bidders.
The new SARFESI act has given the banks claws and teeth that would shame the third Reich, it’s the beginning and if they don’t do much about it, it would turn draconian soon.
We had gone to the courts with a writ, the hammer had fallen by the time the list got shorter, and we are up for hearing soon, there is a good possibility that banks might want to settle with allowing me to sell my property myself to settle all dues.
Banks want their money back and we are in no situation to return all of it.
In the dark alley that night outside the lawyer’s house, I did break down profusely, like I did same time last year and the year before last, so it was after all an annual event!
To correlate things, returning after a refreshing forced medical break and some good company, I am quite convinced that my bread earning exercise needs a little less adventure.
I would settle my dues soon as possible, with the property already sold, it sure is an agony to live with the blotch, but I am sure in a picture of larger things, a property in Hajipur was no penthouse in Gurgaon.
The good part is there are no buyers for the factory; reason obviously being, and the location in one interior village of Bihar. So, the unit survives debt free and with zero capital.
We have stocks, which could eventually help in accumulating capital, but the scale would be so low that it would not be able to survive me.
This is a time, when I can share a little secret. When we started a decade back, we had zero capital and went on to have a balance sheet of 2 crores on either side. Hundreds of people survived on the industry, including me. It does have a brand and a small network, a patent for a promising product and goodwill.
If we did dispossess an idle plot of land, we had not lost much, if at the end; this was not really an end! Picture abhi baki hai merey dost!
Entrepreneur and the enterprise both need a break from each other.

This was the crux of gita, which I should have known from day one!
I should have only been a trustee, a manager of this venture, never burdened the business with my load.
All enterprise is for profit, which could be monetary or otherwise, profit is pure and only motive for survival and improvement, confusing it with greed is a big mistake.
Only if I had understood this, even when I was running it an NGO style, I would keep my motives pure and unattached; I perhaps would have been in a lesser pain, in these years.
I understand this now, it’s like letting a child go, and marrying your daughter or similar experiences, the enterprise has fully grown if it’s not attached to your identity or your ego attached to the enterprise.
I must have done my duty well, for the child to be taking its own decisions.

A decade back, when I decided to come back, there was no phone or electricity had mud filled roads and any hope was a distant dream.
It took me 3 years of Public interest litigation to get telephone, and when it did, cell phones made them outdated.
2 years to get a transformer in the village, when electricity never came through and captive power lit the villages.
First we parleyed to get access to weapons for self security and eventually surrendered them for the security of others.
Integrated farms and Set up a unit to rid of traders and industry fleecing the farmers and sooner was fleecing the farmers ourselves.
The village which welcomed the first smokes of the chimney as a growth sign, soon complained of pollution, opportunity to labor turned to hue and cry on minimum wages.
The incubator became a burden.
Guess, life has come a full circle and the caterpillar has wings and it’s time to fly!