Is Real Estate the next Pharma?
Posted by Jatin Khemani | Business Models, Indian Markets, Industries, Scuttlebutt | One CommentA few years ago I had made a thematic presentation ‘India’s Consolidation Wave’ at Flame Investment Lab, Pune. The basic idea was to demonstrate using actual data from multiple industries that how some of the better-run companies were consistently growing faster than the industry and hence winning market share from their smaller/weaker/inefficient counterparts. At that time, I highlighted some of the key enablers supporting this trend – brand, distribution, and economies of scale. Later when Demonetization happened in 2016 and GST got rolled out in 2017, the ‘Unorganized to Organized’ became a hot theme and many investors expected unorganized (smaller firms) to shut overnight while organized guys (listed companies) to grow multi-fold. Naturally, these investors and analysts were bound to get disappointed. While I also mentioned GST, in my presentation, as an …
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