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itslawyersadvice · 4 years
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Laws & Regulations on Franchise Business in India: Lawyers Advice
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https://mylawyersadvice.com/laws-regulations-on-franchise-business-in-india-lawyers-advice/
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weederstudy06-blog · 5 years
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Aditya Ghosh picks 25-yr-old as his boss
Mumbai: Earlier this month, Aditya Ghosh got a call from a senior executive at Tata Sons with a proposal for him to help with the group’s planned acquisition of a majority stake in Jet Airways. The proposal included Ghosh subsequently running the entire portfolio of aviation businesses that would be jointly set up by the salt-to-software conglomerate and its partner Singapore Airlines.
This was an opportunity of considerable potential for the prolific former president of IndiGo, who had steered the airline from its initial years to become one of the fastest-growing carriers in the world. The proposal offered a worthy challenge. Tata Sons, founded by the original patriarch of Indian aviation JRD Tata, is now desperate to make its presence felt in Indian aviation after years of trying. This was a shot at making another world-class airline product.
Instead, Ghosh, 43, saw more merit in joining hospitality startup OYO Hotels as its CEO.
Ghosh told ET that he sees this as an “awesome opportunity to once again create something that the world has not seen before,” adding he had been in talks with OYO founder Ritesh Agarwal for “a few months now.”
OYO, which recently raised $800 million in funding led by SoftBank Vision Fund, has in the last five years built an inventory of 330,000 rooms in 12,000 leased and franchised hotels in 500 cities in seven countries across the world.
Challenges aren’t new to Ghosh. A lawyer by education, Ghosh was with Delhi’s J Sagar Associates when he first came in contact with Rahul Bhatia of InterGlobe Enterprise, which runs IndiGo. Ghosh later joined InterGlobe as general counsel and in May 2007 was inducted into IndiGo’s board of directors. In August the following year, Ghosh, with no prior experience of running an airline or even a company, became the surprise choice as IndiGo’s second president, replacing the highly respected Bruce Ashby.
IndiGo surprised the aviation world with an order for 100 Airbus planes, following it up with bigger orders, a formidable network, profitable operations, massive cash reserves, and a successful initial public offering. The airline currently has a market cap of Rs 40,101 crore, more than 11 times that of its closest competitor Jet; controls close to half of the Indian domestic aviation passenger market; has an order for 400 planes; and plans to reach a size next year that would equal several times that of most of its rivals.
Ghosh’s time at IndiGo wasn’t without its glitches, though. His exit from IndiGo in April was marked by disagreements with the management over the expansion spree. His move was also preceded by several top-level appointments that raised rumours of separate power centres forming within the airline.
Ghosh took a short hiatus, went on multiple vacations, traveled the world, camped on hilltops, rode horses, gorged on Slurrpfarm pancakes which he has a self-confessed weakness for, focused on his passion for bodybuilding, and flooded his Instagram account with pictures tagged #busylivinglife.
Along the way, he became a member of the advisory board of Fireside Ventures—an early-stage venture capital firm focused on consumer brands, joined the board of directors at the Nani Palkhivala Arbitration Centre, and became a senior adviser to the Tata Trusts helping lead its cancer care initiative.
Ghosh’s role at OYO Hotels won’t be bereft of challenges. The hospitality industry, like the aviation sector, is cyclical and unorganized to a much higher degree. Margins are wafer thin and demand is often impacted by factors entirely beyond a company’s control. But Ghosh has his quiet confidence firmly in place with an attitude best described in a caption to a recent post-training Insta pic: “Knackered but smiling.”
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Source: https://economictimes.indiatimes.com/small-biz/startups/features/aditya-ghosh-the-man-who-chose-oyo-over-tata-sons/articleshow/66645424.cms
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stoicuslegal · 4 years
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                KAUSHIK RAJAN - FOUNDER, STOICUS LEGAL
About the Founder An advisor at heart, Kaushik understands the trade-off in risk and reward. Corporate lawyer by profession, coach and mentor by passion, angel investor and entrepreneur by choice, Kaushik understands the complexity of decision-making at a deep level and his calling is to help you make the best decision.
Kaushik commenced his career in 2007 at a top-tier Mumbai law firm. Curious to understand the business world, he completed the Post Graduate Programme in Management from the Indian School of Business, Hyderabad, where he received the ‘ISB Torchbearer’ award. After spending nearly a decade at premier law firms in Mumbai, he moved to Hyderabad, where he was the Chief Operating Officer at a reputed regional law firm. The entrepreneurial bug finally bit, and he launched Stoicus Legal at the cusp of the new decade to provide legal services in an innovative manner. Kaushik is a certified life coach and enjoys coaching entrepreneurs and business leaders.
Kaushik speaks frequently at conferences on a variety of topics ranging from franchising to doing business in the United States – the topic that’s closest to his heart is the art of negotiations.                               Read More...https://stoicuslegal.com/
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Affiliate marketing
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Posted by JoshMacDonald on 2016-01-17 17:39:56
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