Let me explain it to you again...

Bilcare's management is hopeful that the investments in question will pay off

Photographs by Soumik Kar

In 2003, Mohan Bhandari, chairman and CEO of Pune-based pharma packaging company Bilcare, met legendary investor Rakesh Jhunjhunwala at the latter’s palatial Nariman Point office to seal an investment proposition. Prior to that meeting, Jhunjhunwala had visited Bilcare’s factory to inquire about its growth plans. As a vote of confidence in Bilcare’s solid dosage blister packaging business, he bought a 10% stake in the company. The entry of Jhunjhunwala enhanced management credibility substantially.