Secret Diary Of An Entrepreneur

"As An Entrepreneur You Can't Keep Blaming Others"

Secret Diary of Raghav Bahl Part-2

Photograph by Vishal Koul

While we continued to grow, I was being squeezed by a regulatory constraint that meant I could not go below 51%. So, whenever we needed capital, if someone was willing to give me money, I still needed to bring in my own! If I needed Rs.100 crore, I needed to bring Rs.50 crore myself! I did that for a while, by piling on debt. It was a draconian regulation, completely anti-first generation because how do you keep bringing in capital?