COVID-19

“We think that a company like Pepper Fry may end up Eventually benefiting significantly after this COVID episode is behind us. The reason of course is that it is part of an online trend where people will spend less time looking at offline options, but may go si…”

“Even now, if you see in the COVID situation, the inflows are actually pretty strong. So the Indian retail investor continues to hold forth.”

“I mean, if I look at our portfolio, I would say at least half the companies are actually doing better than maybe they would have if this had not come.”

“So in 2017 is when we did that. And since that time, I think we've done this always grown almost two and a half times year on year, right? And COVID has obviously accelerated it. It grew by four X and COVID times, but even before COVID we were growing at two a…”

“So our revenue is actually crashed by about 55% overnight.”

“Interestingly, we had four term sheets just before COVID had started in March... So it was I think total of about 50, sixty million dollars. And one of them actually, it was not just a term sheet. It was actually a signed shareholder agreement, SHA. So the agr…”

“During COVID, the MyGate was operating, I would say, almost in 30 to 40 different configurations.”

“We saw occupancy, like, what is sold, go from 77% at that point in time, down to 47% in, like, a span of 30 days, or, like, 45 days.”

“So we took a decision at that point to do small secondaries in two of our companies so that we have the capital to help our portfolio if needed.”

“So during COVID, India had a refugee problem. Nobody calls it a refugee problem. It was one of the largest mass exodus when workers from the metros, they walked, cycled, sat on trucks and trailers, Sharmik Expresses, to go back to where they come from. It was …”

“We were hit on our face by COVID, right, so we had almost 304 hundred people being let go in a week, and so I had to do that on four calls, asking people to go, people who have, I have hired like three months before saying that, You know, we'll make a life-cha…”

“If we had been three months late we would not have existed today. We would not be alive.”