Managing Reputation – Character, Company, Caucus, Cinema, Country

Managing Reputation – Character, Company, Caucus, Cinema, Country

Podcast

Transcript

[00:00]  Hello listeners and welcome back to Quote Unquote with KK. This is season 6, which we are beginning after a slight break due to my health reasons. I want to make a short introduction on what and what we have been doing so far as one of the tracks that we keep bringing onto our podcast were people who are brand gurus, who are marketers, who are professors and thought leaders and authors. In a previous seasons. We I’ve got Harish Bijur, who’s a brand guru in the real

[00:33]  Chakrabarti, who was a storyteller and a brand marketer. Dr. Jagdish said needs no introduction. Jesse Paul, my ex colleague from Wipro. Ashish Dhawan from the advertising field. Today’s podcast is slightly different. You see that over the last few years, a lot of influencers. Have come on board due to social media and we talked about it slightly during Jesse Paul’s podcast as well. I happened to a book whose authors are in front of you today. A very interesting duo I would say.

[01:05]  It took me a few months to get them today together due to logistics. And my health reasons. But I’m really glad that we are connecting and talking together. So the context of today’s podcast. Is as follows. We explore very powerful invisible forces in our lives, in our organizations, in our politics, as well as in our country. And what we seek is reputation, whether that finds who you are, what you are. And today’s duo, the gentleman who we are talking to are gurus in that field.

[01:37]  In fact, they have written a book on reputation management and I’m going to put that link into today’s podcast as well. Please go and look into and buy that book. It’s available on Kindle as well as on Amazon and they have their own website as well. I’ll put that link as well. A quick intro of the book that I have read their book, The Pursuit of Reputation. It’s a practical guide to navigating India’s evolving public relations landscape, emphasizing reputation as the cornerstone of success for both

[02:08]  individuals and organization. It blends historical insight, contemporary challenges, and expert perspectives to show how authenticity, transparency, and adaptability are essential in today’s competitive environment. In short, the book argues that reputation is the most valuable currency in today’s interconnected world, especially the digital media and in fast changing India’s public relation landscape as well. It’s both philosophical in my perspective as a reflection and

[02:41]  a practical manual as well in these uncertain times of what we are seeing both on social media and digital media as well as our what we call as our traditional and now go the media as well. So in today’s podcast, we are going to talk to Amit Prabhu and Sujit Patil, both are veterans in this field. The book, I think you should show the book now. I also have the cover of the book. Yeah. And the website. I’m going to In pursuit the pursuit of reputation and all.

[03:14]  I’m really going to connect today as our team of the podcast is managing reputation, character, company, caucus, cinema and country. So there are threads around these which we are going to link as they seem to be interconnected in one way or the other. And who best can answer these today? We’ll start with the basics one O 1 of what is reputation. And then we’ll take each and everyone character, which is individual company, corporate caucus, which is the political

[03:44]  and group. And then we’ll go over to cinema durander type a lot of things that happens there because people are now talking a lot on durander and the after effects. And then we’ll go to the country, India’s reputation. I want to briefly touch with the whole issue of digital and then end up with a rapid fire round of questions and answers. It’s a packed agenda today. So welcome gentlemen, to the podcast. Finally, we are face to face today on this. Pleasure, case pleasure.

[04:15]  I know it’s taken a long time to for all of us to get together, but now that we’re here, let’s make the best. Yeah, and let’s get the bang for the buck for reputation of all of us today. It’s on stage. Lovely. Let me get started with A1 on one question. According to you, what does reputation mean in India? I know the English, British and the US reputation word is very different, but in the Indian context, what does reputation mean to you it? Is so be it any context, be it any country, be it any culture. I think reputation is reputation.

[04:46]  You know, reputation for me, in a very simplistic manner is something to deal with. You know what people talk about you when you’re not in the room. You know, what is, what is it that you’ve demonstrated as behaviours, what have you done and what are the precedents that you set and what people imagine you are is your reputation. I think in a corporate context it’s a very powerful term. Of course in a personal context also it’s a major thing, but in a corporate context it gives you the right to exist, it gives you the right to attract employees,

[05:16]  it gives you the right to ask for a premium for your products. It is something which is intangible, but it’s very powerful and it is something which people align to when they are in a confusion stage in terms of preferring or a brand. So if your reputation is higher, they’ll prefer you and if your reputation is not good, they might just avoid you. So it’s, it’s a very powerful and a very, very invisible thing. You know it’s invisible until it’s gone. You know, people realize the power of reputation and importance of reputation once it’s lost. And as they say, you know, it

[05:48]  takes years to build a reputation, but probably seconds to kill it. And as Amit always says, you know, reputation is 90% behaviour and 10% communication. So your behaviour is the base, how you behave, behaviour how you conduct yourself, how consistent are you with your values, how you demonstrate them. I can go on and on and on if you want to add something to that. I think we just covered everything and in one word reputation is almost equal to behaviour and therefore the word public relations sometimes is misunderstood. It’s it’s used wrongly by people.

[06:20]  But reputation is equal to public relations is equal to behaviour. Public relations is nothing but behaviour of a certain entity with its stakeholders. So reputation is equal to behaviour is equal to public relations is what I believe and Sujit has explained that in detail. Tell. Me one thing I’m a Hindi speaking mother tongue is Hindi. Does ijat and reputation mean the same thing? Or kuchwala gay? Jose is that meaning in English is that it’s difficult to. You want to define for Amit what what context you’re talking about in as an ijat? Khurki jat apni jat deshki jat you know, in all contexts they.

[06:54]  It has a wearing for it, but you know, is that something you carry into a room in your present Reputation is something when you’re not in the room and people say, wow, KK is an amazing guy. What a podcast he’s got, what a amazing demeanor he’s got. He’s such a powerful businessman. I mean, that’s your reputation. People will respect you for your reputation. I think it’s got bearings with each other. It’s got a connection. But I think there’s no other word that can define reputation in Hindi or Urdu that comes closer than the word results that he just said, Yeah.

[07:24]  I think so. It’s made us think, actually, we’ve never thought about that, maybe. Hindi. Hindi. The reputation of the pursuit of is that, yeah. It’s just management. It’s just management, yeah. Yeah, like people might say reputation. I think in that context it works. Great. At least I made you think on the first one. Absolutely made us think and let’s go to something much for software. What bonded you together? How did you get together?

[07:55]  And then finally decided writing a book. I’ve never found a book on reputation management. By the way, this is the first book I’m reading on rapid hair. There’s so many books, so many best sellers, but nothing on reputation. We’re in 2026, so I’ve known Sujit for over 15 years now. So in 2009, when I first heard of him, I wrote to him an e-mail saying I want to meet you because for me there are very few role models in corporate communications at that time and had become one of them because of his long stint then with Tata Chemicals. Now he’s with Godrej for more than a decade and he agreed to

[08:26]  meet me in Bandra, I remember for coffee. He doesn’t remember that maybe, but that meeting happened for half an hour. 2011 I moved to Chicago to work with a global #1 PR firm called Edelman. And as part of that I was involved with IABC, a global communications association. And Sujit was a very active member from India. And it so happened that I had seen his name in the list of attendees because I was in the organizing team as a volunteer. And the event was starting off on a Thursday evening, and I was standing at the entrance to the main arena for the opening dinner, and Sujit and another gentleman from India were

[08:57]  walking there. And I suddenly recognized Sujit and I knew he was coming for it. And we hit it off. That was the moment I always remember. It was in Michigan Ave. in Chicago. And we hit it off. And then the entire evening we hung out together with the other gentleman, Rajiv Kumar, I remember. And then we kept in touch. I came back to India to build on this Praxis conference. And Sujit became a major supporter of Praxis because he believed in it. And like him, the others who joined the band as well. And between 2011 and 2110 years, we kept in touch. He supported various things we did. We organized an annual

[09:27]  communications or influencer conference in his campus at Godrej, which he had moved to by then from Tata Chemicals in Vikroli. Then COVID happened and everybody was quiet in the first few months of COVID, wondering what’s happening. But when things were looking slightly better, it was somewhere in the middle of or end of 2021, two things happened. There was a friend of mine who even Sujit was well known to and close to called Anant Rangaswamya. And his name always comes up in a conversations around a book. He’s a famous marketing editor who’s sadly no more. He’s. Later. In fact, May, this is the month we lost him three years ago.

[09:58]  Anyway, so Ananth was nudging me saying why is there no good book in PR? You do so much in PR, why can’t you write a book on PR? And I said, I don’t have the motivation to be an author, but I want to write one someday. So what is someday someday is now you have the lockdowns going on, your free time. And just then another PR book had come out, which was having a lackluster response, which is fine. And Sujit and I started talking on call one day about that book and we said we need to really up the game of PR and bring out a book with our years of experiments which has at least a tickets experience more than me.

[10:28]  And I said, Are you sure we can write 1? He said yes, if you are in it, I’m in it. And we told Anant that hey, this book is an idea you had seen in my mind and we’re doing it. He said by all means go ahead and I’ll give you all the support you want to give, the guidance, the mentorship. And that’s how the whole idea of the book was born. We had a different thought for that book and Anant trashed that thought and said this book, not even your family will buy, change the whole idea behind the book. And then we said, OK, we’ll go with a completely radical thought. And Anand said this is great. And we began putting the book together. I would say between Delta and Omicron, between those two variants, our book came

[11:00]  together. We said we have 20. 54 talks a lot about Anand as well. You’ve made a mention of several places. Had he not nudged me and Sujit together, we would have not been maybe bringing that book to life at that time. It would have happened later on. And if he was a lie, maybe we would have talked less of him. The fact that he’s no more, we keep talking about him because that’s our tribute to him. Yes. So that’s how the book came to life. And in all of 2021, we wrote this book in multiple settings on Zoom. We sat in Goa a couple of times, we sat in Gurgaon in Bombay. So this book happened over three

[11:32]  cities and virtually we put together about 1718 chapters together. And then we kept it in cold storage because we didn’t want to launch the book without a proper physical launch and COVID was still showing it signs of coming back. So we kept it in the cold storage. And then we found through a common connection, a literary agent who took us to couple of publishers and one publisher of Westland immediately lapped it up. And rest is history we can say. And then in 2023, September 5th, which is Teachers Day, we said we’ll teach the world a little more about PR And that’s how the book came to life. But another point is we feel

[12:05]  that we are just custodians of the idea of this book. There are many people who have done much more and great work for reputation. So we decided to add some of the paragraphs from those people in this book. So the book is co-authored by us. So 80% of the book is our content. There’s 20% that comes from these 75 people to make it a community initiative of sorts in some way. And I really love the way you guys have put it. And I think today’s podcast, we can also dedicate if with your permission, in the loving memory of Anand, no. Problem at all? Yes. By all means, I think he was the guiding force and I think

[12:37]  cherish those late night Zoom calls. It is locked down and there was no chance of meeting each other in person. So night calls on the Zoom, on Ms. Teams and I think that really worked the wonder. And, and we also thank the lockdown. I mean, it’ll sound really sadistic, but that really gave us some breathing time and pace to actually do something with the hectic schedules that Amit has and I have, I don’t think we would have written half the book. But today, if you ask us, we can bang off a book in maybe six months time because we know exactly what the process is.

[13:07]  I’m going through that same process and somebody’s nudging me to write. I mean, my blogs and so many other things are there. You should, you should, you should, but it is just that something is just that motivation internal to just sit and just thrash it out. I can say that as well. So I empathize what you guys gone through and what you are actually shared. Let’s go back to individuals. That is the character part of our podcast today. Again, ijet or they say reputation is always the invisible currency of success

[13:38]  and how each. Of you personally define reputation, why does it matter even more in today’s context, especially when there is this whole boom of social media influence? Fact checkers and then the whole digital tech of ORM. Why is it even more important than what it was in the past? I think it’s, it’s a significant importance. I’ll use some data points, you know, data in terms of the crisis landscape of 2026. I think I’ve I’ve dug out some data.

[14:08]  Whatever I remember, I’ll share which and a due credit to the Edelman Trust Barometer, the Reputation Capital Council Scorecard of 2026, Gallup 2025 survey from the employer angle, Reuters 2026, various reports. And these are reports which demonstrate some few trends which really are so important and giving CEO’s sleepless nights. I think #1 is, you know, the 78% of CEO’s acknowledge reputational weaknesses that have already impacted the

[14:39]  company’s trading performance. You know, stocks are falling, trading under pressure. The preparedness in terms of technology, the AI preparedness gap, only 40% feel that they’re adequately prepared. There’s a huge amount of trust erosion. If you see the reports globally, 70% of the consumers and people are hesitant to trust those with different values and backgrounds. It’s all the more important that brands start building that connect. There’s a lot of uncertainty. 42.9% identify uncertainty as the external factor which has

[15:10]  actually created a negative business impact. So as to say some more data in terms of what is happening in the overall thing when it comes to the landscape, the business landscape is that there are a lot of values driven boycotts happening. You know 51% people as per the reports have stopped shopping at brands that did not align with their personal values. All the more important reputation has to be built and aligned. A Media Trust is collapsed. About 28% public trust in mass media, 28% trust mass media. That’s what I want to say.

[15:40]  And in, in, in the American context, 34% of the Americans don’t even have any trust in mass media. And these are coming out of global reports. Publishers are expecting that the traffic on their sites are going to be falling over the next few years by 40%. And there’s a big authenticity crisis when all these things are prevalent. What happens is people are becoming more aware the screen level as people are calling out things which companies profess but don’t deliver. There’s a lot of green washing, there’s a lot of blue washing,

[16:11]  there’s a lot of pink washing. So the whole scenario and on top of it, the geopolitical issues, advent of technology, the fear of AI, I mean, there are multiple parameters. Now, how do you navigate through this whole ambiguous situation and make a mark? I think your only weapon is reputation. When you have a reputation where people trust you, where people believe you, where people are willing to give you that respect and buy your products, it works. When it comes to employees, I mean, there have been reports where the Gen. Z are looking at organizations

[16:42]  who have great reputation in the space of DEI, in the space of good and green, which is sustainability. The ESG fund us and they won’t even join in an organization, even if they don’t have a job if the reputation is low. So the power and the respect that reputation per SE has garnered over these past few years is so significant imperative for people to build. ORM you alluded to is absolutely critical because most of the crisis and reputation pacting trends are happening on social media. So ORM, which is online reputation management is absolutely important unless you listen to what the people are

[17:15]  saying about you. You know, we we spoke about reputation being what people speak when you’re not there. So social media when people put up narratives, there is fake news, there is deep fakes. There’s so much of things happening which were not happening 10 years back. So currently, if those are the things happening online, reputation management assumes a significant role. People have to watch what people are talking. They have to kill the incidents at the bud state so that it doesn’t become a crisis. So I think it’s very important that listening orm tools, behaviour, promises to be kept

[17:45]  and trust to be maintained have become very significant. We call it trust crafting. You know, trust crafting is something which is a process which doesn’t happen in one campaign or one event. It is a consistent way in which you keep building trust with your behavior, with your demonstration of your promises. That’s the long answer for a short question, but I think we’re so passionate about that. It goes all over the place. But this is a lot of data points. Lot of data points. By the way, just for your information, we have had two podcasts with the Gallup CEO, one on his book The Blind Spot,

[18:16]  which is talking on the happiness and the geopolitics of their happiness index. I think we’ll talk about that on the country and caucus, the politics and that part we’ll briefly touch. And the other one was on their whole thing during COVID, the perception on India or globally, how different countries were managing that perception on to their citizens. So we have done 2 podcasts there talking about what you’ve said, not directly as a reputation,

[18:46]  but more as perception of people, where they’d surveyed and what those results of those surveys have been. Well, that’s a great start. I wanted to understand a lot of things are happening. A lot of negativity is also coming in terms of that perception and things like these. But you see a new sort of regulations are also coming out in India to protect individuals from getting harmed. For instance, there was another Kapil Khandelwal who did fraud with our Nirav Modi and people were trolling me. Ultimately, I had to warn, you

[19:17]  know, those digital platforms, if any even tags me, I will file a defamation suit. It’s just defamation. The only recourse for people to protect themselves against this whole slew of trolling. How do you manage these sort of crises and situations for individuals, People like me And there are many such influencers who get trolled. I think there is no easy way out here. The fact. We need stricter regulations. We need, but our country works really differently from some other countries and we have to accept and live with that because that is how we are. And there are a lot of other

[19:50]  positives in this country that we have to celebrate and appreciate. So I think, yeah, if somebody’s name is similar to another person’s name and there’s a mismatch, the person putting a social media post doesn’t care. He wants to tag. You won’t believe it. My name is Amit Prabhu. Very often if somebody has a problem with law and order, I get tagged and I wonder why then they want to tag Amit Shah. I get tagged sometimes. Often. It’s happened at least 1012 times in the last couple of years. And they’ll tag government, Prime Minister Amit. They want to tag Amit Amit and it just gets picked up. It’s part of life. You can’t do much, but if somebody. Targets you incorrectly thinking

[20:22]  or assuming you have done something wrong, then obviously there is a way to go to court and we see that happening in the political spectrum. A chief minister versus a former chief minister, they will have these tips going on and then court cases that happens. But for ordinary citizens there is very little one can do. Live with it and hope and believe and pray people forget about it. I have a little bit of a different perspective on this, you know. I have to change my name from Kapil Kandelwal to Kapil Kandelwal KK. On social. Media on my web. Site and those are those are immediate records this kind of a

[20:53]  thing. But I would I would suggest that what is more critical here is preparedness. When I say preparedness, it’s about how well are you preparing your own personal brand? How well are you articulating your own reputation? How well are you positioning yourself in terms of what you do, what capabilities you bring and what is it that you are putting in on the table which is of benefit to people. Once you have a kind of a anchor point that Kapil Hindelwal, who’s a podcaster, is a banker, is this guy and these are his body of works.

[21:23]  These are his comments in the media. Say, for example, this is what he leads on social media. These are the terms with which he’s associated. If that preparedness is done, then any amount of other Kapil candle walls may not erode your brand value as much. So that the whole concept of creating a positive digital safety net for yourself is very critical. You know, what is positive? Digital safety Nets put in so much of positive. And of course, it has to be authentic. It has to be, it has to be demonstrable and it has to be believable. If those aspects are floating in the social media around your

[21:56]  name, people can read it. People are smart. People don’t just people don’t troll for for the sake of trolling. They also read through it. I mean, you might get the initial backlash because you’re tagged, but once they realize it’s not him, the thing’s reverse. And as Amit said, most of the crises or these incidents are not long lived, but reputation is long lived. So your attitude should be to build that reputation in a way that you know, it builds your repertoire in terms of what you do, what are your pluses, how you’re serving the society and create a personal brand around. I think that preparedness is what really that reputation is

[22:28]  what helps you rather than reacting to something which has happened because incidences are going to happen whether we like it or we don’t like it. Because in India, Kapil is such a powerful name, you know, so, so it’s a common like. It’s a name. In fact, the Sebi people who I report to who regulate my work actually banned me. I had to then said here is my public disclaimer in the social media, I have changed my name to Kapil Khandelwal KK. Although I have not put a Gazette notification or not done it legally on all my Aadhar and other documents.

[22:59]  But this is what I have done and you can check my PAN card versus the other defaulter, whoever the misdemeanor guy is, who’s my name say finally they relented to say OK, because everybody does one. Google Kapil. Kandelwal in the negative parallax, otherwise we wouldn’t have been here. No, now it is Kapil Handelwalk KK. So that guy’s now gone down on the Google searches. Yeah, he’s been saluting now. So build a positive digital safety in it, you know, pump in a lot of authentic stuff about you, build a personal brand,

[23:29]  build a kind of a situation where people engage with you in an authentic manner. And that’s, that’s the only recourse. I mean, defamation is 1 recourse. And you know how long that takes. Oh no, nothing happened. Nothing happened. So here’s something from listeners from our discussion who are influenced wannabe influencers, how to build reputation, some insights here. Now I want to talk one thing as to how do you evolve a personal reputation. You know, when I started my career in the corporate world, there was number.

[24:01]  Social media, there was number. There’s nothing like that. It is what you carried around in your circles and your industry. Now, with the amplification that is there on social media, there’s too much of bombardment and there’s also a lot of people who troll you or there’s a lot of negative around somebody who’s trying to do something negative also who also gets high reputation. There are a few such individuals who do that as well, Negative reputation, I would say. How do you manage in this current digital world both

[24:32]  positive and negative reputation to build your reputation now? You use the words which use the word of authenticity or being authentic. I think there is no second way of building a good reputation beyond being authentic. The first step is to be authentic, and authentic means the easiest way to want it to be genuine, to be a person who means what he or she says, who walks the talk. Simple. You can’t have two sides to the same person. You can’t say and so and so here and so and so there. It’ll get exposed. Sometime You have to be the same. Either you’re blunt with everybody all the time, or you’re very nice. There will be all them just to

[25:04]  have one persona for you. You can have multiple persona. So that is how authenticity is showcased to the world. And all reputation or behavior comes from that stream of authenticity. So if people realize early on that being authentic is the only way to thrive, to succeed and they embrace that idea of authenticity, that’s it. And the reason you asked us how we got along, I think I saw in this man and maybe he saw in me back in 2009 and 11 some level of authenticity. And I won’t share names, but I asked couple of people just as a dipstick once long back, I said give me the name of one or two Copcom leaders in India that you

[25:37]  look up to or you feel are good at what they do. And two or three people I spoke to at that time and there was a reason I was asking them came up with his name. I don’t know if my name comes in the same context and can say it on. So one of the most powerful man men in Indian PR. He may have run insurance with him on certain ideas, but Madan Bear had factors. And I asked Madan Bilson, I’m giving you the name also. Madan may listen to this in the future. I said he gave me two names. So the other name I’ll come to later. He said Sujit Patil, somebody me, my team looks up to and he didn’t know or didn’t have an idea. I’m his friend at that time. He said it to me generally not that there was any advantage or

[26:09]  whatever else. And he had 25250 clients he could have named. He named one or two and one of them was him. And I’m saying this here. And I said, wow, I asked a couple of other people. They said, yeah, from the Tata circle, there’s another lady called Rakhi Lalwani, who’s a friend of Sujith. She also, she spoke highly of Sujith in some context. And I said, wow, this is a person I should be talking to, to learn more about Corcom in some way or the other. And and it’s his authenticity that has taken him to wherever he is. So I would say that. I think just to add to what Amit said and what you also spoke about, I think formula is very simple.

[26:40]  I mean, it’s, it’s not a straightforward formula kind of the thing. But you know, Amit and I keep discussing about these three PS, you know, three PS which are there’s no semblance to the fact that my surname is Patil and he’s Prabhu. And two PS nothing to do with that. But three PS which we feel can really build reputation is are promise, proof and pattern. You know what is promise? You know, make your intent unmistakable. If you want to build your own personal brand as Kapil Khandelwal KK, I mean make your intent unmistakable. What is it that you are here

[27:11]  for? What is it that you are known for? Or what do you aspire to be known for? What is the space that you want to occupy in the minds of people because brands are built between the two years right in the in the minds of people, it’s not here and there. So what is that intent which is unmistakable If that intent is clear authenticity automatically games. The second is the proof you know trust compounds with consistency. 1 great act does not create it Igbar Kuch Karlya and then you expect that people will think that he’s XYZ and the reputation doesn’t happen. 100

[27:43]  consistent ones actually do that. So so that whole proof of consistent hammering of what you stand for is very critical. And the third thing is pattern. Pattern is basically to give you a point that you know, which you alluded to public scrutiny can always disappoint, you know, because there would be detractors, there would be supporters, there would be fence sitters. But a consistent behavior is where if you want to create a reputation for yourself as say, for example, I know podcasting is just one part of what you do, but if you want to create a reputation of a fantastic podcaster, what is your behavior

[28:16]  in that? You know, if you hammer that continuously, that’s your reputation as a podcaster. Will Amit Prabhu, founder, Co creator, whatever you call of a platform which brings together the communications fraternity in India and abroad now together on one table, 600 of them together to have conversations, developmental conversations. Now, if you’re done just one practice, that reputation wouldn’t have been built. He’s been doing it for the last 10 years consistently year after year, getting great speakers,

[28:48]  getting great conversations, you know, showcasing that he’s the Sutradhar. He’s the center point who’s actually whether he likes it or doesn’t like it, but it’s a fact that he’s actually been prime war of along with a bunch of select people in his team. They’ve made history and that’s happened year after year after year for a decade. And that’s how his reputation as a key persona within the communications fraternity as you want. So the point I’m trying to make is. It’s about reputability as well. It’s about repeatability. It’s about consistent. So I want to just counter this

[29:21]  Gabbar reputation be is also something right? Pardon me, Gabbar is also Gabbar. Gabbar Singh Gabbar is also remembered for his negative side of things. But now what is the? Super made the film, wanted him to be remembered for that. So there are such characters also who have this negative reputation also where they have created against the position. Can be both positive and negative. I mean you can have. That’s what I. Want Veerapan? Veerapan who famous smuggler from South India who was killed in a police encounter many years

[29:51]  ago had a reputation. But not nobody wants to be like Veerapan, right? I still remember when we were children, our parents scare us to eat our food or do saying if you don’t do Vedafone will come and scare. The reputation Vedafone had among families and parents was to scare the kids using his name and and picture newspaper. So yeah, reputation is the goal for everybody is to have a positive reputation. But some people can end up with a negative reputation also. Yeah. And that’s that’s what we see. I mean these democracy. Motivation for getting eyeballs and everything is among the Gen.

[30:22]  ZS and this is yeah, how quickly do I get that is or by by negativity? Yeah, it’s a very slow process, a slow burn, and people generally tend to make mistakes. With them, correct? So that’s my thing as a key take away for individuals and influencers is you may take this as a short term steroid, but in the long term does that really stick with the world and your audiences and people around you are? You an example, take it.

[30:52]  Yeah, give an example. You know, there’s a lot of influence and we deal with lot of them, the respected ones, the ones with the highest engagement, if that’s a metric for their success because that’s the metric with the brand looks at so that they talk about the particular brand and then amplify it. What is more important is if they are holding one vertical, say for example, they are experts in lifestyle, they cannot be talking about construction or something else. Or if they are in the field of engineering, they shouldn’t be talking about food. And that’s where the dilution happens.

[31:23]  The expertise matters. You know, the your education matters, your expertise matter, your thought leadership, your ability to understand that particular vertical. So, so hence it’s more important for influencers if they’re listening for on this podcast, create your niche. I mean, you can’t be Jack of all trades, you know, then people won’t take you seriously. It’s important that you create one vertical, go so deep and you’ve got a market there. So here’s a checklist of what influencers should be doing and from a reputation management and PR profession, how they look to

[31:57]  shortlist influencer. Great. This is what I was alluding to also as part of individual’s reputation management. Let’s move to companies. Now you’ve been in the corporate sector, we’ve done a lot on managing reputation of companies. And again, you said, you know, repeatability, what you mean to different things, but there are different stakeholders in a corporate sector and you have to signal very different type of reputation themes to different audiences. How do you bring all the as one collective Halo of a reputation

[32:31]  of a company together? It’s a tough task. So I just asking this because my supplier group may be different. My shareholders have a very different perception. What I want for engaging with my employees and potential future employees is, as you mentioned, Gen. Z’s is a very different reputation management issue. And then with the regulator, the government is a very different thing. So it’s a very tough land of things. Yeah, that you need pull together as a professional to have that one holistic view of

[33:02]  what that reputation is all about for that company. It’s a beautiful question. I think it’s a very complex situation, but it’s solvable. Various companies do it in different manners. I think my school of thought is very simple. In an organization, in a corporate setup, you have multiple stakeholders, your your current employees, your potential employees. You have the regulators, you the government, you have NGOs and the social sector, your academicians, your customers as you mean stakeholders. Each one of them has a different consumption pattern in terms of data or information.

[33:34]  Somebody reads a newspaper, somebody consumes data on a blog, somebody watches TV advertisements, somebody goes on social media. So on one hand, you have different stakeholders, you have different media, you have different messages for each one. On top of it in in context of India, there’s diversity, there’s diversity of languages, there’s diversity of cultures, there’s diversity of religion, there’s diversity of beliefs, there is diversity of gender. So in this whole complex situation, how do you build a reputation? So the trick is pretty simple

[34:06]  yet profound and it’s a long term. So how does one do it? Basically for us, what we focus on is messaging. Messaging in terms of what resonates with that particular stakeholders, using the different modes of communication, media to pitch in those communication and end of the day, measure the effectiveness. Now, when I say measure the effectiveness, how do you consolidate all of these things and say, OK, the reputation is great or the admiration for your company is great? So we’ve come out with admiration pillars. So say for example, to build a

[34:36]  great reputation of an organization in a corporate setup for different stakeholders across different sectors, what are the reputation pillars? The different reputation pillars could be, what does this company do in nation building? How investment worthy is the company? How culturally sound is it? How investment friendly, investor friendly is it? How aligned is it to DEI? How aligned is it to ESG principles? So you have these pillars and the thumb rule is that if you’re seen more prominently in each of these pillars consistently, the

[35:08]  probability that your company is admired goes up significantly. So then the task is simple. Your communication team then measures the messages in each of these parallels, creates messages by the base. The company should be doing those things in reality. So say for example, a company like Godrej, we have stated policies around DEI, we believe them, roll them out, we practice them at ESG. We have a vertical called Gooden Green in sustainability, which promises something, has metrics, runs with investment worthiness.

[35:38]  There is consistent clear communication with the investor, with the customers. There’s a consistent communication which keeps happening. There is no element of green washing. That means we promise something in water conservation or Environmental Protection and don’t do it. That never happens. We never indulge in blue washing. We never indulge in pink washing. So I mean, otherwise we’ll be called out. So it’s a complex mix, but what needs to be done is measuring on each of these messaging, attaching them to each of the stakeholder and then rolling them out in a consistent manner, in an authentic manner again and

[36:11]  again and again. That builds reputation. So in one phrase, all the things he said they do or a company does is called campaign planning. So basically there are multiple campaigns and campaigns are a bad word. We use it in elections. We use it in advertising user, in marketing, NPR as well, in reputation as well. It’s a collection of actions that lead lead to two things, lead to following the behavior pattern set by the leadership of the company. And like for example, his company’s chairman emeritus, Adi Godrich, who is somebody lot of corporate Titans in India look up to if they may not have even met him in their life, but just

[36:43]  his behavior, the way he’s carried on his public persona for 8 decades or something people look up to. And in this way, like the equivalent, if I’m allowed to say in the Indian cinema world is Amitabh Bachchan, he’s in his 80s. People still look up to him because he carries two or three authentic behaviors in the profession. But personally, maybe whatever we don’t want to get there that are unique. Like I’ve heard the story from many people whom people in the film, if he’s called to a 8:00 PM event, he reaches the venue at 7:45. Very few actors do that. And he will not go there and embarrass the the organizers by

[37:14]  showing himself there. He will sit in his car or get two or three rounds done at the venue and then come out at 7:55 to be there on time. And that’s something he’s practiced all his life. I went for a book launch event by the late Piyush Pandey called Pandemonium in Bombay in 2016 or 17. The chief guest was Mr. Amitabh Bachchan and I still remember that the event was 6 PMI think and 555 he was there. The dot event served on time. A lot of other guests came later and walked in, which is fine. But that’s something that is unusual for people in that because I know other actors have dealt with as part of my work

[37:45]  for brands who would come fashionably late by a couple of hours and and people accept it but don’t like it. So I think the point is ultimately Amitabh Bachchan also is not doing it out of randomness. It’s his campaign plan to show the world he’s a punctual man, which has made a difference to a lot of people. Yeah. I want to again bring this whole digital thing because my experience I want to just relate and you may agree or disagree with me. You know, I was invested with a platform which was doing an algo

[38:16]  based AI based ORM work and that is before AI came in which used my hedge fund L goes and went and listened and did a lot of auto responsing to different audiences on social. And what learning that I got was that different stakeholders had a very different expectation or reaction to the company and which kind of reflected in their response on social media platform. So it was a very stratified kind

[38:47]  of response. A consumer gave a different signaling where else who was a supplier and his experience with the company gave a very different signaling, not as a consumer but as something else in the garb of a consumer or an audience consuming that company’s social media or the communication. And that is why I was asking you, has it not become much difficult because different platforms depending on the content users behaviour absorbs

[39:18]  or the platform throws a lot of different things based on his interest. And that is where now it is becoming very different communication or a stratified PR or reputation management as what as I have learnt through my journey in ORM and what we were kind of building there. Isn’t this not a very difficult thing for professionals? Like you spend so much time and now it is becoming much more stratified and much more real time to manage these sort of expectations of brands and your company?

[39:49]  No, what you’re saying I think this. Could be another topic for your next book this. Is this is a massive topic? Actually it’s it’s it’s. No, no, the years that evolved and especially post COVID, which is a different era we live in, lot of things have got complicated, lot of things have got difficult, lot of things have got machine, all spheres of life, especially in the world of communications, marketing, brand building, reputation management, no doubt about it, because people have become more aware. People who otherwise went from point A to point B in the morning to come back in the evening learned overnight they

[40:19]  could sit at home and work remotely with using Zoom Teams and whatnot that you have today. So a lot of things have changed is things have become difficult. I see how socially. Self changed. Twitter was a happy place for a lot of people to exchange ideas with some skirmishes here and there was suddenly a business tycoon took over Twitter and said I’m going to change the way the world operates. And he built an entire campaign for the current president to be re elected in the US. And the whole game has changed across the world is by one person’s $44 billion investment in a social media platform, which many of us are still part

[40:50]  of. It was not the case a few years back. So yes, things have changed. Things have got complicated. The narratives have completely varied from what they were earlier. It’s not easy like I was looking at my own 8 year old child and a French child, our life when you were 8-9 or so different and simple in 70s and 80s. Today it’s so much more difficult, so much more complicated because of the way the world has become. And all I can say sometimes we have to live with it, accept it. We have to ensure we have guard rails to protect our sanity and our safety in this ever complex world that we are creating together as.

[41:21]  Technology advances. I think the complexities are going to go up, yeah. What remains common, what remains same, what remains stable and stationary is the art of storytelling, the craft of crafting messages, the art of engaging with consumers and the stakeholders. I mean, those basic principles don’t change. It’s like the pipelines are changing. What what oil goes through that is remaining the same. So in that complexity, we have to adapt. And the difference between a successful communicator or a brand marketer or marketing person is how well he or she adapts to the current technological advancements and

[41:54]  the current scenario. And I think that’s the solution. I mean basic tenets remains the same. Let’s kind of take 2 examples of some crisis that have come. One is your TCS example and then another startup which is a Unicorn, which is the lens cut. Same issue but very different way to manage it. In terms of reputation management. One went with tech and influencers, the other went very straight to the eye response. So is there some differentiation happening with tech savvy startups the way they manage reputation with say a Godrej or

[42:28]  A Tatas or the Birla’s and the, you know, the old age industrials type of groups in managing reputation, How is that going to change now? Nothing is going to change. What is important is, and I love the statement which Amit always says reputation is 90% behaviour and 10% communication. The crisis management part comes in that 10% communication organizations beat startups or legacy organizations need to 1st focus on the behavior. If the basis is correct, everyone is a human of the day, they might make mistake, but if

[43:00]  more or less in a consistent manner, the behavior is acceptable, good. As a good corporate social citizen, small incidences would be pardoned by the stakeholders. You once you have the trust, when you have build the trust or consistent behavior, the stakeholders would also pardon you. But you need to also have that bit of resilience to take that for that small period, correct? But the basic, the most important thing is the behavior. Is it done knowingly is the question. I mean if it is unknowingly then you deserve to be badgered by

[43:30]  the stakeholder. If it is inadvertent happening and you go and responsibly consider OK this was a slip, people will give you a chance. The stakeholders, the consumers, the regulators will give you a chance because they know this company is not known for this. This happens in end of the day humans. Shit happens but it can be controlled. But your basic principle is that behavior has to be authentic. I hope I answered that question. In a way, yes, what I was seeking. But yeah, there is a very fundamental way companies should deal with this whole crisis management is what you have

[44:01]  directly kind of bought out in this. Process itself, crisis management process. It’s a. It’s a. No, I’ll tell you why. Podcast. Correct. And I think you should have some more such conversations. I’ll tell you I wrote a blog because of my conversations with one of the Co founder, not the one who has been in the media on the recent crisis. And apparently there is an agency who writes to me saying why don’t you put this out as your blog? And I get these sort of as well, they must have Googled something and they found this Lenskart guy and my conversation and praising

[44:34]  him and that kind of stuck somewhere through Google and they write to me, can you put this? I said, look, I don’t write such things. Why are you trying to make me an influencer in a crisis management situation? I wrote back to that agency, whoever they contacted me now, why this is great. My interaction with the founder and being in that industry and pulling a problem out and having a conversation with him and then putting some good word about their business philosophy and their business model in a blog is one thing. But utilizing somebody praising you, again, this is comes to the

[45:08]  whole negative part of it. It’s not ethical. And I wanted to understand, do all companies follow this sort of ethical or they use these middle men or these agencies to kind of nudge people like ours or some other influencer to talk this whole Gundagiri or the Gabbar sort of thing, making one noise above the other to suppress whatever is going on in the media? So. The state answers all companies don’t do it most. Companies triple AI or I don’t remember, you have some Advertising Standards they. Find an easy way out and it’s

[45:41]  not the right way. It’s an unethical manner to do it. I think most recent companies, most companies are decent, don’t do this. I can say generally I’m not even going to respond. Both of that I can tell you interacting with a lot of startups sub current. But then then see they are they are looking at temporary ratifications. If the behavior at the base, this doesn’t change, this is a good, this won’t be a repeatable incidence. You know, it might get repeated. I mean, it’s, it’s end of the day, the base, you know, your, your DNA, your fitrat that has to change. If that doesn’t change, then till how long would you want? Let me tell you very lot of

[46:12]  confidence that people, the stakeholders who are using social media or watching you or reading about you, they can read through scrutiny levels are high. There’s enough data, correct And they can read through and they see patterns. If the pattern is that this guy comes and always screws up and then goes back and then comes, people are going to call it out, they’re going to read through it and they’re going to pager you for that. The point I’m trying to make is if you are 10 times your behavior has been great, 11th time you do a small problem inadvertently, you’ll still be pardoned and you need to work towards that. That behavior has to be

[46:43]  consistent. Consciously consider. You shouldn’t be a repeated offender. That’s the completed good. Doer you know what is the right word for that? Samaritan, Yeah, lovely. I want to ask you in terms of what you talked about, some of those metrics that you use to measure and report the reputation of a company. Is there something that we can talk about by openly giving it in an industry so that everybody reports it as well? Can that be regulated or the

[47:13]  government also kind of ask for it? I don’t know what regulation, I’m no authority on creating a regulation around it, but. Make it a software reporting to the stakeholders openly. So let me tell you, I’m a firm believer of what gets measured gets done. So if if it’s about building reputation, if you measure it at multiple levels, you can build reputation. Now I’ll give you an example. What are the measures that one can consider and look at in terms of whether your reputation is doing well now? So a good reputation brings four or five aspects which are directly related to a corporate

[47:43]  or an individual, whatever. Let’s take this example of a corporate. If your stock price is on a rise or moves positively, even when certain things are not OK, that’s because of your reputation. That’s one indicator. So it’s on the investor friendliness in terms of if your reputation is good and your campaigns are doing well, you have increased footfalls. It’s a great indicator into your stores or whatever. Third is if your reputation is good, you can demand or command a premium on your product. That’s a great indicator #4 could be your employee engagement scores are high

[48:16]  because your employees are engaged. That’s also because your reputation. That means your behavior. That means all the stuff that do in a consistent manner are doing well for your newer employees, prospective employees. If there’s an attraction for to come and apply to you, that means your reputation is. So there are various nuances at a macro level where these objectives, if they are worked upon in the parallel lengths of the overall reputation, you can actually measure them. Now, once you have these objectives, you can further break them down in terms of PR tactical measures. So if your reputation is going to be high, what is the tactical

[48:49]  measure for that? Your share of voice is high in the media. The positive mentions are high. The crisis alleviation is pretty much good. When a crisis happens, it dies out very because there’s so there there are a lot of ways in which it can be construed and showcase that the reputation is really good and it it grows up there. Then finally, larger measures where you where you within a peer set of your similar sized companies measure your equity. What is the salience? What is the disposition towards you? What do consumers talk about you? What does what do investors? So it’s a complete science

[49:19]  behind it, you know, art and science of reputation building. So it’s all possible. And when today’s. Technology, everything is available. Amit, you’ve done a lot at the industry, the praxis and events. You see the most admired companies from an employer point of view is been done and published in the media. Top 100 most admired companies. Is there something on reputation as well? You guys can pull it up Top 100 most admired companies in terms of reputation and how they manage a reputation crisis based on all the parameters that we’ve just discussed. That would be a great way to

[49:52]  even. And there’s a badge also they put in their media and communication most 100 admired company. I think that is a great way to signal indirectly out of all this social media clutter and PR and articles being written ghostwritten, God knows what. But there is some authenticity in this. If they put that badge, I think that is something that I was wanting to. Why aren’t you attempted that or? You brought that up, I’ll tell you. I’ll answer that in two parts in less than 3 minutes. Lovely. So Part 1, you’ve been silent throughout.

[50:23]  No, Sudhita has been saying reputation and I believe that fully is a some part of many things. OK and I summed it up in one of an essays I wrote to explain PR to a commoner that the ultimate objective of doing things to enhance reputation or to build publications are across the GREAT principle. The great principle is to increase goodwill, increase respect, increase engagement, increase affinity or admiration. Like Sujith, use that word and increase trust. I use the word increase commonly, but there are different words that you can prefix to these five. So there are magazines, there

[50:54]  are organizations that do listings using one of the so you have the great places to work that is to target current and future employees. There is a list that comes of India’s most trusted companies, which is trust. There is a list of India’s most respectable Fortune, Forbes Business World Business to have done over the years. I know what you’re saying. One list that reputation doesn’t exist, but what we did 10 years ago and Sujit has been genuine beneficiary of that effort from our end is you bring out a list of India’s top 30 Kopcon teams or corporate communication teams

[51:25]  because these are the teams that actually help the company’s story we told to the world and help the company behave right. Like I think Sujit has survived in Tata Chemicals for some Godrej because his management listens to him and he’s able to tell the management what is the right thing to do when they’re maybe sometimes lost or what is the wrong thing they’re doing, if at all they do. And I, I have a great belief from childhood because my mother and father bought Sintal soap when I was a kid and this Godrej company in the brand will only give me the right and good things. My home had a Godrej cupboard. Now, Godrej has two parts and whatever, but that point is consumer products or locks, we

[51:58]  use whatever we believe in the quality that the company offered, right? And therefore, forget that for a moment. We bring out a list called the top 30 cockroaches 10 years in a row. And one year he did not take part for some reason, but eight or nine times out of 10, his team topped it. And that’s another reason we’ve trusted each other. And this is completely done independent. It’s a separate jewelry which does it. I don’t interfere, I don’t influence anything. The point is that for me is the list of the top most reputed companies in India, which are those 30 top companies which run the reputation. But I know. That’s a surrogate, right? If I do a current.

[52:29]  PPT But you’re right, I. Just did this before the podcast I was researching the most top 100 reputed companies in India. No. So I. Think I think I think that GPT gave. Me, the most admired 100 companies, great places to work. I think we should. Push Amit to start something like this. That’s what I was alluding to, why he’s been. Quite a good outcome of this conversation. Good idea for us, Yeah, I’d. Be more than glad to, you know, support you with tech or whatever. I’ve got enough engineers around

[52:59]  or lying around in start-ups. Something conceptualized because we have done a lot. I mean, in my crystal days we did the index. I simply find. It but I got dissolution with these lists beyond the one we do only because everyone does these lists then and they completely water them down, narrow them down and make it almost becomes no, it has. To be again your reputation, it has to be unbiased, true? Then that is your reputation. About the reputation, most reputation of our data as well. I’d be more than happy to meet you you guys next time in Delhi,

[53:29]  Bombay car. Yeah, I have a friend called Raj Naik. He’s building something called The Happiest Places to Work. So a couple of days back I saw a LinkedIn post by him and somebody else where he’s trying to build a list of happiest places to work again. It’s something like Great places. To work, Gallup has already got a product. Gallup has already got a product on happiness and they do these surveys, but this is paid for by that company for telling them what the issue. In fact, I’ve done it for one of the companies that I was heading and they did it and I asked what are the remedial measures to improve that Whatever the

[54:00]  happiness or it was not happiness, it was something else and it’s not part of the culture or whatever. So Gallup has a product for it as well, but there’s no product and ChatGPT gives me garbage it. Gives the same garbage to us also. There you are. Lovely. Let’s move on to caucus the politics, the NGOs, I think this is his, yes. So Amit, yes Sir, you’ve done the corporate, the whole 9 yards. Now you are into the service sector. I worked advising with ISKCON. I’m on their Advisory Board. We’re doing a lot of

[54:32]  philanthropic work along with them, along with our and there’s a lot of commitment with their. One of the things that we see again, reputation is certain NGOs, the way they have got that bad name in the past and whatever the governments have done to clean up that regulation is again their reputation. They somehow or people perceive them is in the name of NGO. They’re antisocial. Many of them including Ishqon as well. Oyeto Hindu, why is he coming to us or whatever, or it is Ishqonite or it’s Vaishma night

[55:06]  and you know, we don’t engage or. So again, there is a big need for people like you to do a clean up of how this, this whole sector as a whole, as a cohort is perceived. You’re innocently putting a lot of pressure on me now, but. I’m taking no air, right second innings, the third innings. I want to retire from 1 innings and chill but anyway so life. Is long man, I’m trying to gather. From your from your statements, I didn’t figure out a question, but you’re trying to say that these not for profits also have lots to do in building a

[55:38]  reputation that. Reputation. Endears them to people in a positive way versus being again, like I said here, as the world grows rapidly, as more and more people embrace digital technology, education, these problems will come and stay for a long time. Again, going back to the word, it’s about behavior. Again, I have nothing against ISKCON. I’ve had great admiration for the way ISKCON has built places of worship in various Indian cities over the years. But I’ve seen in many places, including outside the country, there are people who belong to the ISKCON group who stand and there are other even Christian communities and others who do

[56:09]  that, who try and sell a book, maybe Bhagavad Gita or Krishna. And sometimes people have not taken nicely. I mean, that’s why. But I don’t see anything wrong. I don’t think they’re doing anything harmful. I don’t think they’re doing anything that is anti social in that sense. It’s just sometimes being a little bit pushy towards a thought process that they believe in to people and people have maybe not taken it in the right way. And like I was in Europe a few days back, there were corners where there were these JV logos in the corner, which is Jehovah’s Witnesses or JW people standing there to tell you, hey, Christ is only savior. And these are things that they do bringing a little ill reputed

[56:40]  or bad name to that whole gesture of theirs. But I think like Sujit said, the world and India especially forgives and forgets easily. So people have a problem with fighting days and you refer a couple of names a little earlier. Also TCS and Let’s Cut it was a major issue in the last week of April, first week of May, it’s 11th, 12th May as we record today and people are forgetting this and next thing will come up soon and something else will come up. So we live from Monday to Friday, Saturday, Sunday, we do our own thing and then a new thing comes up. So that’s how the world has been. I just feel as long as the

[57:11]  entire world can start embracing the idea of being kind to everybody, being good and nice to themselves and people in their immediate facility, I think that should be our focus of I have an 8 year old daughter, I don’t advise her to accept any religion. I say the only religion should be a region of humanity where your prayer should be to ask the universe to make you kind, good and nice every day. And she says, how is it different Papa? I say kind is to anybody who can’t do anything back to you. Nice is to people who are nice to you and good is to yourself. You can ensure these three things, the world will be a better place. And I think I’m going to say

[57:41]  that to the NGOs listening to this. Not for religious set up, for this Christian, Hindu, Muslims seek that. Just focus on being nice, good and kind. Everything will fall in place. But they also need to learn this whole template of reputation management. That’s where I was alluding to. So I’m saying practices. There’s nothing but the people that things also need to be done behave in a certain way that others will respect them. That’s about it. They cannot dominate their philosophy over others and but just as a data. Point they cannot calling. The issue bookselling is just one part of their activity,

[58:13]  adoption of villages, giving employment and the whole thing in the district where we have Co sponsored their because they’ve developed the biggest tribal center. I think it’s there in one of our, yeah. Yeah, which is good. So nice. Yeah. So I think they’re not. Plenty of spending. Time and effort in communicating that is OK. 9 percent, 10%. Communications are the religious, yeah. So you have the budget. You should sponsor their communication. You then will communicate this. This behavior is not good enough. I’m just saying. I have told Guruji also who’s come on my podcast also.

[58:43]  What do you want? What do you have to spending? Money on communication is not worth it. Rather use that money. To the next IIT gold medalist man and there are enough, you know, IIT New York bankers and all who are working with him. I’m I’m no one to tell him here. There are enough people from abroad who are PhD, PhD who are working with him here. So there’s enough brain power. What there the whole reputation is that the community acceptability of the purpose is lost. I think it’ll happen slowly and gradually. I think these are groups of people who have yet seen the

[59:14]  power of communicating the go to work they do. And it’ll happen in in due course. Yeah, a lot of things have have moved rapidly in the last five years. It’ll happen. It’s a matter of time. Politics. What do you want to tell our politicians, including Mamta Didi because she’s a lot in the news now. But Rahul Gandhi, Modiji and all the others, how do they manage or should manage and manage their reputation Because I guess their reputation is like the shots of the reels. What Chhota They think that you know, it’s like a short or a

[59:45]  real people will listen and forget. So it doesn’t matter to their reputation. Many of such politicians it builds. Up over a period of time. Yeah, again, like I said a little while ago, people forget, like all these people who lost the elections last week, whether Stalin in Tamil Nadu. People will forget good or bad about them in a week’s time. They focus on the incumbent. That’s it. They remember maybe after five years, when the elections come again or if there’s a scam or control that comes out because of the new regime in place, they may be talked off for a few days. But people forget like for example. Karnataka state has that. I’m as CM right now. Very few will remember the

[60:18]  former CMS. One or two will remember. Some people forget. People have very limited attention span and I think I don’t know if any politician listens to these podcasts because I don’t know if they have the time to listen. If you have a belief they listen to it, great. My only advice? No, some advisers and the think tanks on India, they’re listening, they’re following. So I think my uncertain advice to politicians is same thing. Just be kind, nice and good. Everything will fall in place. That’s it. Sometimes somebody else will win an election. Politics thing on on their reputation very quickly

[60:51]  otherwise there’ll be some things from ipaq and other advisors of theirs filing a suit and blocking us on social I. Know. So I’m very, I’m very straightforward. I have my likes and dislikes, but I when it’s public comment, I want to be fair to everybody that everybody should just do the right thing. Some people don’t do the right thing as a choice they make and we have to just watch live with it and move on. I want to bring cinema, which is more akin to the cultural reputation of a cohort of a population or a country. Here, as we shift gears, I think all of us have seen Durander.

[61:24]  There are a whole positive, negative reaction on which side of the boundary of India you are sitting. And then there’s a huge amplification as well. Does entertainment and the narrative and the influencers really shape the perception and PR of the entertainment industry? Yeah, I think entertainment industry, with my limited knowledge about entertainment industry, is that, you know, movies are a reflection of what’s happening in the society. I don’t know how true that is, but I firmly believe that you see stuff happening and that

[61:55]  gets replicated in the film and people associate with it. And that’s how movies get successful. If you see in the past few successful large movies, there’s been Animal, there has been Durander, I mean, of almost the same genre, you know, violence, killings. I’ve not seen any happy movie in the recent past. It may be a reflection of the society, may not be a reflection of society, but I guess that works for the directors and the producers. They make money, the people are supporting it. But from an angle of reputation building of the country like Bollywood is also representative

[62:27]  of India’s brand externally. Reputation kind of a thing. I think more movies, I would personally feel the reputation of the country might also go up if films in the genre of you know, things which India is actually known for, say for example, in the current times, progress of education are young dividend, the young people in the country also aspirational. You know, I think the spiritual chaotic, the wedding Sutras of India, I mean those are predominantly shown to the world

[62:58]  and this is what happens in India. But seldom it is shown about entrepreneurs in India. Seldom it is shown about the What are the? Great shark tanks. Yeah, I mean, if movies are made around that. About a few, yes. And there’s a focus on the craft, you know, the focus on craft in terms of not about the celebrity, but the craft of making the films, the quality of making the films, the quality of studios to be enhanced in the country. I mean, how many great studios do we have which are equivalent to Hollywood or you know, the kind of quality which comes in how many global standard films come out of India?

[63:31]  Historical, we have such a large legacy and a culturally rich heritage that we have. How many movies get made on that? I mean that is the thing which is great for the world, you know, improving the representation of women in the Bollywood, the way they are treated or way they are represented, that itself can be a great put for actually raising the bar of reputation for the Indian film and entertainment industry. I think the various things which come through, but what ultimately sells is violins and stuff. I don’t know, I’m not an expert on that, but that’s fortunately unfortunately getting sold. But to build a country brand

[64:03]  through Bollywood, I mean, just imagine Switzerland, an Indian filmmaker had to go there to start making films with Mr. Shahrukh Khan and Kajol and all. And those places have become places where people still go just to see where they were short like Interlaken or you know, those kind of places. Why can’t they be replicated in India? Show the cultural diversity, the the biodiversity, the places in India which are worth doing. What do we end up showing is slums? What do we end up showing is things which are, you know, people look down upon globally, they might say what a great movie, but at the back of their

[64:35]  mind, what is that reputation getting built about the country? So I mean, there’s a lot of thinking that needs to go in terms of building a reputation for the nation through probably Bollywood. I have a very quick question here. I love music, so I have, and that too on the English side of things. So whether now recently Jackson, Michael Jackson. Then we had a few other singers whose biopics have been created. Now, obviously it’s based on certain autobiography or a certain script. Does that biopic add to the reputation posthumously to that individual or does that deplete

[65:08]  it? You know, in the movie hall on Michael Jackson, the people who never knew about it that he did this or he did this. How does that kind of work posthumously through cinema for individuals or for a certain incident or a certain like Hershel Mehtaka, that whole thing impacting different corporates posthumously or whatever. That’s a big influence on companies and individuals as well when it comes out in the cinema. How do you see that impacting reputations? I’ll take this person so we can have a mistake for spin. I heard you.

[65:39]  I don’t know if use will differ. We haven’t discussed it before. I strongly believe that reputation has no value after your death, OK, Unless your brand name is attached to a company, OK. And then somebody says this guy like Ratan Tata, after his death, some people said something, oh, this happened, That happened. It didn’t affect the Tata company in a big way. Reputations affect the person when he or she’s alive. When you die, whatever reputation was there, it is there. Somebody can give you a story because you’re not there to defend that. There is no point. That’s my only point. Like even Mahatma Gandhi, he died 50-60 years ago. People who don’t like him for some reason, who don’t even

[66:09]  exist in his lifetime will say things. It doesn’t affect Mahatma Gandhi. He’s didn’t his grandkids, great grandkids may get bothered saying, Oh my great grandfather, such a great grand, but somebody’s throwing muck at him. That’s one part. But I don’t personally feel a reputation of a person can people can try and throw. A company. Market it doesn’t affect the person he’s dead and gone. She’s dead and gone so I don’t see that being a big deal. Yeah. How does it matter end of the day is my question if you’re dead and gone when you’re in the alive, yes, it matters. We say something to it matters and people are people have gone through it. Again, I’ll use a controversial example in a very non

[66:41]  controversial way of our own. Prime Minister Narendra Modi, right? People through a lot of muck before he became the Prime Minister. Even soon after, he still won a second time in 2014, sorry, 2019, another time in 2024. And maybe we can say, oh, he’s winning with just 30% vote share, which is fine. He’s still winning. And whatever done he he, he has done a bunch of things. You can call it whatever you want to, but he’s done a bunch of things to enhance his reputation in India in the world in the last 10-15 years, despite all the odds against him in the past. And purely talking from an academic point of view, not a political point of view, but I think in the lifetime, whatever

[67:13]  we can do to enhance a reputation, we can and we should. After that it doesn’t. Matter, I just add to this is it matters if there’s an inspiration behind it and it can nudge people who are watching that film or write up or whatever and getting inspired to repeat that. So in that Paralanx, it’s very important. I mean, I agree with Amit. For a person after his death, personally, it wouldn’t matter but that reputation or that story or that inspiration or those great things that he or she did, if they inspire more number of people to repeat that, and if it’s adding to the overall good of the country or for the nation or for the people

[67:45]  or globally, I mean, why not? I mean, that reputation does matter. I mean that, yeah, people still refer, OK, he’s no more, but what a great guy. He did this. These are the values, he said. Company’s chair, Chairman emeritus’s wife Parameshwar got rich. When I think of her name, I think of the crusade she fought against AIDS, right? I feel that that is where I come from. Give you an example. That’s it. For me, that is 1. And when I think of any person who’s no more, I only think of one or two positive things about them. Unless they were dead criminals. Again, I give you the example earlier as an example, but I say

[68:15]  I feel reputation after one’s death is what they were known for in a good way, very rarely in a bad way. That’s my belief. So you believe that reputation on the new concept that is digital life after death, the reputation on. That I don’t. Have There’s a lot of things happening now. Digital life after death. Immortalizing somebody I don’t know. No thought about creating. Their own digital life after death, Archiving it for posthumous reputation management. There’s something happening, the concept, and so according to

[68:45]  you, that doesn’t matter. According to me, I don’t know much about it, so I won’t comment about it. Read 1 of my blogs on this because on the healthcare side, we are trying to do something to revive a person after 50 years of longevity and all So that’s a separate thing but there’s also one of the things ideas that we’ve written now on his digital life after death DAD in one of our 40 bets on healthcare life sciences. So it’s there and I’ll show you that. Come on. I made an interview also on ET. Now let’s kind of move that to

[69:16]  II’s reputation, country’s reputation. And I think this is the last one. I think we are running a little bit short and I also have to head out how is India’s reputation change with professionals and PR and all this along with what India is doing in the global landscape. How do you think a country like India has really emerged out? I think. Country branding is a very interesting subject and I think. Making India, there are different logos, different things, all that. OK, Should you know the the people behind that? The government should probably

[69:48]  focus on four or four or five of the key aspects of what are the real pillars which can build India’s reputation. 1 is your demographic dividend. 1 is the diversity that we have. One is the ability to be highly educated. I mean, if you see in the West, most of the IT companies are run by Indians, you know, multiple things which which are really the pillars of any country. To be successful, I think we need to the whole whole act of innovation, the the startup culture, the very fact that India is only country where probably UPI is so successful at that scale.

[70:20]  It takes a lot of great decision, a lot of technology. I mean these which should be communicated well across the world. The very fact that our honourable Prime Minister Modi, I mean the way he’s build the brand across, build relationships with countries across the world. These are elements which go into the overall branding of the country. What happens is that it is not uniform. I mean, say, for example, I mean I have nothing against Bollywood, but most of the films I’ve seen which get featured in international markets are either showing the chaotic nature of

[70:51]  Indian society. Poverty and and what? Poverty. I mean, why? I mean show the right side. I mean so many nations. I don’t want to name them, but when you actually see their videos or their films, they show that side of the society which people are in awe of. Not that they are trying to suppress anything but they are choosing to communicate what will help people build a great reputation in the minds about that country. Why can’t us do that? Why can’t we in India do that? I mean there’s so many positives. It can go a long way in terms of attracting investments, attracting reverse flow of

[71:23]  talent into the country. Of course, we have lot of issues also but then you know they are solvable over a period of time. I mean just a simple thing like ease of doing business. If it is much more communicated in a manner which is more empathetic and more understood by people, I think there are so many nuances which can actually build up the whole reputation of the country. One last question go, there is also also now I hear is making aircraft engines and a year ago we had operations indoor and there are people on both sides talking about how this is gone about some say India did very

[71:55]  well in those four days or 88 hours. And there’s other narrative, how’s this sort of crisis or war like situation for a country be managed with proper reputation and PR management. I I think I’m not qualified to give an answer to this kind of thing. It’s too much. No, no, I know but I’m also I’m just wanting your thoughts. How could we have done better on that narrative and think how things have been peddled? I don’t think I’m an authority on that, so I will just pass the question, but. My short answer to you is I

[72:26]  think we did fine. One year has passed, life has gone ahead, people have moved on. That’s in in brief here. There’s so much that has happened between those 52 weeks and now. I think we’ll we’ll pause here and take some rapid fire on the digital side. I think it’s a different podcast altogether. I think we should probably do once more when we are all three together and shoot another podcast on the tech and all because that’s where I’ve done a lot of work and investment and cross meshing with reputation and ORM and a lot of learnings from there.

[72:57]  I think we should do that on a separate part. Sure, happy to do that in person, but I mean. You know, yeah, I know. I think this is where, yeah, we should. Viewers may want to see that for two years, so we’ll do April 2020 eighth. No, no, no, no. That time we would be much more. The tech world would have shaped up much, much faster. Yeah. And we’ll be most mostly all in our post retirement idea of hallucinating what the whole situation would be. So let’s talk about if our listeners could do something or one thing tomorrow to strengthen their own reputation. What would your advice be?

[73:30]  Two sentences? Their own personal reputation. You’ve talked about it in the podcast as well, but just one single message. And do a consistent demonstration of that authentic behaviour. And during crisis management. Become. Become unanimous. Be calm, lovely. Be calm. And you know, ignore a holistic view. Don’t ignore. Never ignore. Be calm and compose. Incidents cannot be ignored. I think the cycle for a crisis is it starts with an incidence, a small incidence which if it’s ignored, not control at the bud, becomes a crisis.

[74:00]  So that’s where you need to play. Be calm and handle it. Your own legacy. You debunked that posthumously. Nothing remains. I don’t. Believe in legacy? What sort? Of legacy you want to leave as PR professionals and. The dream is that the world should forget me one or after I die. Personal belief. Yeah. That’s not something. Yeah, I’m. Serious, I don’t care for legacy. I. Feel my mirko Teri book like chor Jana TK I will run your legs. Co-author Hey, everything in my life has co-authors. I tell you, left the legacy to. Him, he’s, he’s said it on

[74:32]  record on your podcast. After him, everything comes to me. Oh. Yeah, entire books. Books are royalty for him forever. Because Sujit and I have similar thinking. Whatever we earn from not our regular goes to charity. So even a lot of the money that we got from this book, not lot, maybe 50,000 or 1,00,000, went to causes, went to charities, yeah. That’s really great and admirable, but I would say it’s just not about the value in terms of monetary terms, but sort of whole host of things which, you know, you opened up my mind after reading the book and all the experts that you

[75:04]  have put their own thoughts and ideas. By the way, who are your top three people who you would rate from their contribution to the book, their essays that readers you must read? You know, I don’t want to single out one or two or three people from the 75. Each one gave their commentary because of what they bring to the table. But in general, if there are two people I want to call out because they’re the oldest people in the book. 1 is Doctor Pragniya Ram, who’s a very, very interesting professional and the other is. Mr. Chapter, right? Sorry. I think she’s featured on the second chapter.

[75:35]  In the initial chapter, correct. Correct. That’s correct. And Mr. Oja, period. For me, these two stand out only because of their age and what they’ve done for more than 5050, 60 years. They’re in their 80s and they’re still trying to make a difference in someone’s life or the other. I would call out these two specially just for the other 75. People won’t have an issue with these two names being singled out by me. Yeah. I worked with Roger on Mumbai’s master plan. He has worked a lot with me and his daughter now runs the legacy row and I, if I’m not mistaken, her name Roger’s daughter who

[76:08]  runs the communication business of Raja Pereira. Gentlemen, there’s so many take is beyond the book that I’ve got and I think we should have another round on a very different the tech side of things as things are evolving and a future view of how this whole landscape will shift. I think that’s a separate thing, but I would definitely say I really enjoyed talking to you the whole list of thoughts and ideas beyond the book that I’ve gained and I’m sure our listeners would also gain out of this interaction that and the

[76:39]  conversation that we have had. Finally, we were able to get together, both of you on one side and me on the other side. But it was really an interesting take away on the podcast. We had so many things to cover. We couldn’t do a justice on all of them. But I really thank you for taking this time out and talking to our listeners and talking to me. And I look forward to scheduling something face to face very soon. Sure. We’re grateful to you for choosing us and we hope this close to two hour conversation that people will listen in parts or in one go is going to be worthwhile their time done. Sure.

[77:11]  Thank you. Thank you, KK. Thanks, Kapil. Thanks a lot, lovely. See you soon. Bye. Bye.

Who is an Inspiration Leader?

Who is an Inspirational Leader?

Podcast

Transcript

 [00:00:00]  Dear listeners, welcome back to another episode of Quote UnQuote with KK. Today we are going to discuss on who is an inspirational leader. Well, you see, during COVID, we started this podcast to inspire leaders, many of whom I was discussing during the April 2020 on what their plans to stewardship of their organization during the COVID crisis. This period was something unusual that challenged many leaders who I spoke to in different issues and and many of them disclose on one on one with me their fears and their inability and inexperience to lead in such a crisis and situation. In fact, some of them wanted to quit and admit their failure of their leadership because they had no experience to lead their organization. While on the other hand, some took inspiration from somewhere which we will discuss in this podcast today and took the leadership challenge and move their organization successfully out of the crisis that they face in the COVID pandemic. The world has never faced ever.

[00:01:01]  This podcast was started with the nudge from Professor Jagdish Seth. Over the years and seasons, we have covered several podcasts on various aspects of leadership that have inspired me to continue this podcast. Over the last five years, we have covered topics like health, well-being, longevity, spirituality, karma, dharma, food, agri, social media impact, storytelling, innovation, social and economic impact to name a few. Our guest today has I would say package all of this in his recent book, The Inspired Leader. It is therefore important for his experience as a management consultant, leadership coach, management educationist and a wonderful friend to me who I have only been bumping at airport. After reading his book, I came to know the depth of his life and some common threads that are between us, not just our struggles with diabetes and how to reverse it, but many more. This board for that is I cannot discuss on this podcast, but we can discuss one-on-one later on

[00:02:01]  this podcast after this podcast. In fact, his book has inspired me. Ladies and gentlemen, I’d like to introduce my dear friend, Anil Sachdev. Anil, welcome to the podcast. Thank you very much, KK Thank you for thank you for inviting me, KK. Thank you. And as usual, I’m fact checking Anil from the ChatGPT notes of his profile. So very quickly. Let me take a few minutes just reading it out to set the context of who our guest today is. Visionary educator and institutional builder. Founder of Cool of Inspired leadership in 2008. Designed to nurture leaders with competence, character, enthusiasm for social good. Pioneered value driven leadership model blending business excellence with human development, social impact and nation building. He has been playing his advocacy for conscious capitalism and responsible leadership in India. Partnered with industry, government, civil society to create leaders who served just not companies but communities at large. Leadership philosophy and I can vouch that listeners believes leadership is about purpose, authenticity and service and not

[00:03:03]  just profit. Encourages leaders to balance head, heart and soul, recognition and influence. Wildly respected in India’s corporate and academic circles for shaping leaders who combine business acumen and ethical responsibility. Mentoring CEO’s, entrepreneurs, young professionals seeking meaning in their careers. I can go on and on and on, but Anil is so much inspirational and I have after reading his book, let me show the book here. I have removed the cover and I’ll put the link to his book from Amazon as well. Anil has been so kind to me as he’s been travelling on his book launch all over the place to give this time to record this podcast. So thank you so much Anil for spending this time and throwing a light and talking beyond the book as well. Thank you. So Anil, let me just get started with the basic, you know, I want to understand for the benefit of the audience and setting the contact, who is the leader and who’s an inspired leader? How can we differentiate both? Beginning itself in my book, I said there are two lies about

[00:04:03]  leadership. That one, leaders are born. We all know they are not born. Second, that leadership is about leading someone else. Actually, that’s a big lie. All that you do is that you lead yourself. And in the process, people choose to walk along with you because it is in their interest to do so. And there are dimensions of leadership. I cover what is Who is the leader? Somebody, for example, who leads his own body, his own 5 senses. The way you observe, the way you listen, the way you communicate, get through touch, the way you eat consciously through smell and taste, the way you consciously sleep, the way you consciously exercise. So whether it’s the quality of your perception through your five senses or it’s the quality of your physical well-being that emerges when you lead your physical well-being. Both of them. It’s the starting point of leadership. Then how do you lead your breath with every breath? When you are taking a breath in, you are getting stimuli from the environment and there is supposed to be a conscious pause before you respond rather than based on your biases and impulses. When you lead your breath, you

[00:05:04]  are creating understanding, you are creating communication, well-being. Then how do you lead your emotional mind sourcing positive emotion, finding a way to overcome the negative dark side of the emotion through conscious practices which helps in building trust and trusting relationship. Then how do you lead the way you think not just in a rational, analytical, logical way but also the more intuitive, the more feminine, the more creative way. When you combine both the left and right side of your brain, you think with the whole mind, and you induce what is called in yourself, not just using intelligence, but used to the ability to source wisdom, which comes out of discernment. Then how do you lead the process of action? Which means a lot of us know we are required to do something, but how do you carry out your intentions? Through stamina, through focus, through resilience? How do you do all that? And in all the four things I described to you so far in the very beginning, I say the leader’s story by what is the story the leader shares with herself, to herself about who she is?

[00:06:05]  Because the words that you use to describe your own life can either imprison you and which make you feel that you know you are a victim of circumstances. Or you can use words to describe your own life story to yourself, which are empowering and which say, I can do anything that I really am inspired by. So the story you tell yourself. And you know, in addition to all that I have spoken, I in the beginning of the book, I have also talked about same. One must have a conscious process of learning, which means when you learn from your experience, you are introspection. You are doing introspection. When you are reflecting in the present moment, you are contemplating about your own actions, your own thoughts, your own emotions, even as I speak to you, that is paying attention to learning from the present moment, which is we call insight. The past is hindsight. The present is insight. And when you develop consciously the childlike curiosity to say, oh, is that so? Is that so? You know that wonder in your that beautiful childlike enthusiasm if you have of learning that means you are welcoming all the new unborn future with a childlike

[00:07:07]  curiosity. Then even if someone extreme challenge comes to you, you have the childlike curiosity to learn. So what can I do about it rather than get overwhelmed with a tired mind? Finally, in my book I say that you know leadership is about really deriving power of what is the ’cause you stand for which really means something to you, something you dream about to making the world better. And how are you utilizing your own strengths and your own values to work for that cause? Because this is what I learned early in life. You become the best follower of a ’cause that is very dear in your heart. Leadership happens to you because the power comes from the cause, not from any, not from your ego. So when you say I am going to serve this cause, not only you derive tremendous amount of self sort of satisfaction and inspiration from within you. Many people choose to come and support you because the cause is worthwhile. And that’s why you know you get all the power of people. So I describe all this in my book. And finally I also say in a very realistic way that all that I’m describing may not be easy for

[00:08:07]  some people who still are stuck in some difficult story they are telling themselves or are not thinking with the power of the whole mind, or don’t have a conscious process of learning or don’t surround themselves with people with whom they have trust. In such cases I say to them, awaken the inner witness. Let your inner witness awaken that can observe why you are finding it difficult to transform for the better so that at one time you keep postponing your happiness. One day I will get the ideal day when I will get everything that I am striving for. And in the present I am stuck in my limited thinking. So how do you get free from that thinking? And you are limiting beliefs by awakening the inner witness and deriving the strength from within you to overcome this ego centric limitation that you have which are preventing you from learning and growing. So that’s the last chapter I talk about how to awaken the inner witness in you. So this is the not only a summary of my book, but to describe the way I am defining leadership is very different from the conventional understanding of leadership. Correct. I am saying leadership is self leadership, that’s for MP. Anil, so you have given an

[00:09:08]  executive summary of your book in the first opening dialogue with us as well. I want to bring out a few things or contradictions or some confusion that are there in my mind as well. So somewhere in your book you said, you know, think about the best time of your life and replay that to bring that inspiration that drove you to carry it forward in the present and the future. You know, one of rookie in one of my startup during cold time asked me, you know, what is the best time of your life or what was the best experience of your life? And I said, you know, the best is yet to come. And the reason is that I’m working towards something which is better to the best. Otherwise, if I think about the past, which was the best, then I’ll never even want to strive and look forward to creating the best. So does that am I right in my view or do you think to motivate oneself you need to probably look for what is the best that is yet to come? KK Actually I am deriving my understanding on this from three paths, right? Right from your childhood, there are certain things you do which

[00:10:10]  give you happiness. You seem to be attracted to doing certain things which you really enjoy. It could be music, could be a sport, could be writing, could be poetry, could be disassembling a toy and you know, putting it together again, could be gardening, could be anything. That is the first point that you know, this is what you seem to be attracted to and this is something you are very good at doing. Secondly, as you grow older, you begin to take make choices and then you remember that the choices that you made in which you contributed to something, whether it was in your school or college or early years in your profession, you did something with others in which you created some positive impact. Now each time you created a positive impact, what what was something that was revealed to you about what you are good at doing? Then you remember that there are some trusted people in your life, a teacher who was very somebody whom you really looked up to, a mentor whom you deeply admired. And they when they are alone with you in a very authentic way, they tell you this is what you really are good at doing. So from a trusted source, you come to know from your happiest best experience in which you

[00:11:10]  created impact. You said, what was revealed to me about myself when I contributed and then what was I really fond of doing? Which way? So these are things which tell you something about what who you are, your own uniqueness. So my reason for talking about the happiest best was only to encourage you to determine what your uniqueness is because every human being is unique and you have to understand what your uniqueness, what you are good at doing. Instead of comparing yourself with someone else and instead of trying to copy somebody else, you discover what you are good at doing and then build upon that. I completely agree with you. The best is yet to come, but that will come provided you use your strengths and don’t worry too much about your weaknesses because anytime you focus on your weaknesses, at the most you can become mediocre in that area. But if you focus on your strengths, you can become fantastic. You can become world, you know, scale kind of a person, world class kind of a person. So the whole idea of this chapter is look at only the places where you are made impact to discover your own uniqueness and discover your own gifts with the idea you can leverage them

[00:12:11]  in the future to make even bigger impact. That is what you know, I’ve also like you gone through consulting industry leadership now into investment and doing philanthropy. And every time I read your book, I kind of feel that inspiration at different phase of your life are very different in the context of that phase of your life. And as I am now moving toward a different phase in my life with my kids, you know, all settled and, you know, wanting to create more societal impact, the inspiration that I’m drawing is very different from what it was maybe when I started my career at Cuba’s and lab brand and I looked up to certain people who are my mentors, coach and teachers. Does this also keep transitioning as you move across age and across your career to be becoming a different sort of inspirational leader? You know, it’s very much the case because as you go through different phases of your life, obviously different things become important to you. You know, in the in the initial days you are, you are striving for achieving some kind of a

[00:13:13]  position, trying to learn quickly, then get the best opportunities, then make the most of these opportunities, earn a name for yourself on reputation, on money. You know, and then time comes when something else begins to get important to you because you know, this is something which is not enough for you, but you are seeking something much more sustainable, much more durable, much more, which gives you a lot more satisfaction than name and fame is OK to begin with, but that’s not the thing that really turns you on as a person. So we say there are different phases of your life. The first part of your life is all about learning. The second phase of your life is all about earning. And then when you and I always told myself, you know, that when you are a young person, you can write down what is enough for you enough in terms of name and fame, enough in terms of money. What is it enough? And from that point onwards, when you think you have enough, you should not be leading your life only for your own sake, but from that moment you should, you should start thinking, how do I now return? So you learn, you earn that, you begin to return.

[00:14:14]  And finally, after doing the aspect of returning, which means becoming a go giver, you have, you contribute to social issues. You say, how can I be part of a solution to a complex problem in society? How can be a good citizen? How can I work for my community? But after some time and all that is also done, there is an inner aspect to even ask more fundamental question, what is the purpose of my life? Why was I born? And naturally people turn toward a inner, inner journey. At that stage, you know, there is some kind of a spiritual awakening that begins to happen. In some people. The spiritual awakening happens even as they are teenagers because they have seen the emptiness of their older people achieving things but not necessarily being happy in the process. So the final stage of a person’s evolution is what we call yearn. So you learn, you earn, you return, and then you yearn, which is about yearning to understand the very purpose of life. Why were you born? You know, so I met so many people that you know in some

[00:15:14]  people at a very young age, the yearning starts and then they go on a different path, in some cases very, very natural. After they have exhausted all their desires to have name and fame, then the journey begins of this kind. But at some stage and or the other in your life, this is an inevitable choice because people turn to asking more fundamental questions about their life and self inquiry. So I think it’s a very natural process and that’s how the evolution takes place. As the mind becomes more mature, mind becomes more receptive to asking questions which are which forever. At a young age, you are so much concerned about the day-to-day needs that you have of your family and you all. You first want to make their future secure and then there are more substantial issues that begin to come to your mind. So it’s very natural. I want to now touch upon who to go to in what situation. You know, you have mentioned in your book teacher, code facilitator and mentor. So what situations and what context? Who is very useful. And this is also very important because on social media and LinkedIn these words have been used so much interchangeably

[00:16:17]  that they have lost their meaning and the context at which people are using it to showcase themselves to the wider world. When I use the word teacher and I continuously refer to the teacher in my life, from a young age, I became a of my spiritual teachers for me, Chinmayananda, thanks to my parents. And when I talk about the teacher and I refer to my spiritual teacher, I’m talking about somebody in whose presence you got answers to the most difficult questions just by the presence of that teacher. There are some people in their presence. You feel complete, you feel a sense of calmness, you feel clarity. So those are the teachers who you are blessed to be with because these are not the teachers who are giving you knowledge of the objective world, but these are the people whose who are teaching you about the understanding of the subjective world. That means they are helping you to know yourself. They are giving you the most profound knowledge which is self not. So if you are fortunate enough to have such a teacher in your life, I would say that’s what I mean by a teacher in that sense. When I talk about a mentor, I’m talking about somebody who is

[00:17:18]  more experienced who at the same time is willing to share with you for your well-being. That means the mentor always has your need in mind and not has no agenda of his own or her own to to get something done through you but is genuinely interested in your well-being. So particularly when you have you have some difficult moments in your life, some very dilemmas you are facing, moral dilemmas, ethical dilemmas, you always turn to a mentor who is wise and who deeply cares for you because a mentor will listen to you without judgment and then will offer some insights to you. Knowing who you are and the insights can always be very useful because you totally trust your mentor that all that the person is doing is for your well-being. To have a mentor in life is a rare privilege, and you know this kind of a. Mentalist to be having a mentor, A few of them. Yes, for such people if you have in your life that is absolutely fantastic if facilitator is somebody who can help you to get out of some difficult situations. Because see, relationships can be complex when you are working

[00:18:18]  in a team, in an organization, or you are in working in you are in a context, in a family life where there is some conflict or even in the local community that you are part of, there is a conflict and many people are involved. Each one has their own opinion. Such a case, a facilitator can help in facilitating a process where everybody gets a chance to share what’s bothering them and what their viewpoint is and skillfully help people to then arrive at some kind of an alignment so that they can channel their conflict into something constructive. So that is really when there are too many people with too many opinions and people are pulling in different directions. I think a role of a facilitator is very useful. Finally, I mentioned, you know, a coach, a coach, somebody who doesn’t give you the answers, but he asks the relevant questions to you to build your own capacity to find the answer. So coaches doesn’t play the game for you, but asks you helpful questions so that you can play the game better, shows you the mirror. And it’s very easy to give feedback to people, but it’s more difficult to ask them the questions so that they give

[00:19:19]  themselves the feedback. It’s like teaching somebody to fish rather than giving them fish. So, so a coaches is a very skilled person because you know not all coaches are that skillful, but a coach will always remind you of the effort you need to do by asking the right question. Will never give feedback to you on your ability will help will ask you questions so that you do not get stuck on ability, but you get focused on your effort. So the more you realize that the gap between what you want to do and what you did is actually your learning agenda and the more by question you realize what you need to learn and what you need to do differently, then you can develop your own capability. And that is what the role of a coach is, to help you to build your own capability to take. Care of your own issues and to find the answer. So there you go listeners, I think Anil has actually given you the prerequisite of how to select a code, a teacher, a mentor, and a facilitator. Let’s move forward, Anil. There’s so many examples that you have given in your book and also today the attention span of people are actually reducing.

[00:20:21]  Actually, as I go to some of my alma mater to give a lecture or things, I am finding the technology to be the biggest hurdle for them to think differently, think out of the context of what the whole situation to actually come out successful. And now earlier it was your the social media where people got some bit of inspiration. Now you have this AI which is now providing a lot of your answers to your issues and situations. And I guess if, if the way AI is going, we’ll probably even have AI code, AI mentor, an AI facilitator or something like that in the future, which I do not know how surreal or how real that solution is going to be for humans. But I want to bring the whole issue is, is technology actually an impediment to being an inspirational leader? Because sometimes you look at social media and you bring in what do you call jealousy or benchmarking against other people. Sometimes you look at ideas

[00:21:21]  which are not even proven. It is just something fake, not even Fact Check. Is there a way that to develop ourselves as an inspirational leader, do we need to cut out these sort of tech based interventions and actually go back to the humans and have that human based interactions to really feel who you are and what you are and and what where you need to really connect to? See, as in everything and as we always know, technology can be used either way. And this is true from each form of technology. You know, now AI you can use it in a consciously in a way which is useful to improve productivity, to do some work for you, which makes your work and life easier. Then you are getting it to work for you. You can get also overwhelmed by it and you can allow it’s it to dominate you. It can allow you to give you the wrong answer that can lead you. Sometimes AI can start hallucinating, can make you up the go the, you know, up the garden path. So you have to be very conscious of what questions you ask AI and how do you work with AI in such

[00:22:22]  a way that it actually helps you. And you, you cannot replace ultimately your judgment to a machine and to AI because it’s a language model. So all the words that are written there in the universe, it tries to make sense very instantly and very beautifully to give you what you’re seeking. But you have to remind yourself that the words that exist out there, the prompts that you are giving, the kind of response that you’re getting, ultimately, it is your role to take a call. You cannot outsource your discernment and wisdom to intelligence. So I call AI augmented intelligence rather than artificial interest. You can use it, for example, it’s a very good thing to tell you which are the other sources of information of a certain kind. It can, you can use it very nicely to, you know, make a presentation to improve what you have written. You can make videos, you can make a we all know what it can do. So I think the most beautiful part of it is that if it is doing the work for you to make your life and life of others better, that’s fantastic. But if you start depending upon AI to take make make conscious

[00:23:23]  choices, that’s where the trouble will start because then you are outsourcing your basic power of discernment and choice making and decision making to technology, which is where the dangerous part of AI takes. So similarly, there is enough research to show the power of social media and always being connected. If you aimlessly scroll through social media and if you keep on consuming content, which you don’t even know where it is coming from, and you start believing that content is true, again, you are outsourcing your thinking. And then that the dangerous part that you start getting very polarized. You start having very strong opinions about matters without having understanding of whether that is true at all. And I think that’s the dangerous part. So in either case, whether it is social media and what we call fake news and content that is being created, or we talk about using technology in a in ways that, you know, you are actually allowing technology to govern you rather than the other way around. So, but you can by all means, you can use it beautifully. For example, you know, we did

[00:24:24]  this book launch in Bangalore and there Mr. Narayan Murthy and Mr. Muthuram 1 of Tata Steel Rekham and and you know, Viren Shetty were together. So it’s all on YouTube. So I just now I was doing that before your call. I used an AI tool to give me. A Yeah, I missed attending it. I was in Bangalore. Yeah, so you know. Got an autograph of your book as well? On the book, yeah. So this transcript I prepared just now with the help of AI tool and then I was making a summary of it of it using AI because I because in LinkedIn, if I were to put a post on what happened that evening. One is to attach a document with the entire transcript. The other is to attach a video, which I can do but what are the key messages Now this is where technology can help you a lot in very simple way. And when you read the summary, you know this is a good summary of what has happened. So in other words, normally it would have taken me two hours to prepare the summary. Here I’m doing it in 5 minutes, right or three minutes or 4 minutes. So this this way, it is a very, very beautiful way of using technology. On the other hand, if you have

[00:25:24]  actually start doing some completely wrong prompt you give to it might convert that into some lecture on leadership which was never discussed and people who attended it might begin to think what the hell is wrong with this guy’s reporting something which never happened. Because you can, you know, you can easily, AI can start doing things for you which it is not supposed to. It can start connecting all kinds of things. It can connect to what Mr. Narayan Murthy may have said in five occasions and attributed to this this particular evening where there he was focusing on very specific things which had a lot of relevance to my book. So I think that’s how that’s an example of how to use technology. That’s right. Yeah. And I think the key take away here is that there could be false positives and false negatives, correct from the technology which if somebody wants to use those tools to create those context towards inspirational leadership has to actually use it judiciously. So there are caveats and limitations of to technology and don’t clutter it on a everyday basis to automate and to think that this can save time and this can dehumanize all your

[00:26:25]  interaction. Correct. I want to move ahead on, you know, a few things that have really touched me in your book and I wanted to talk a little bit on, you know, the purpose and meaning. You know, at this point in time as I look back toward my life and I as you also reflected back in your book, you know, one of the things that I wanted to understand, obviously a leader who has his day-to-day dominated with quarterly target deadlines, PNL pressure and man managing of people management issues to be resolved. How does he get out of that to actually inspire him to go on to do much beyond what he is achieving in his day-to-day leadership context? You know, I, I believe that instead of just spending all your life in just doing what you are doing today, we have to consciously create some me time, that quiet time to actually learn about the way one is leading one’s life. So this is something which is an absolute absolutely critical if we have that desire to make something more of our life than

[00:27:28]  what we have today. And it is such an important practice for each one to do so when you spend quiet time with yourself, which is a gift you can give. So I have a practice every morning I go for a one hour walk and rather than go with friends who are available plenty to walk with, you know, in the neighborhood where I live, I actually like to spend solo time with nature by itself. And you know, in that time I’m actually doing my inner work. And it’s such an important part because first, of course, I begin in my morning with a morning meditation session. So I’m sitting in my dhyan. But after my dhyan, then I’m up for a walk. Then that is my quiet time with myself. And in this there are all kinds of thoughtful questions to you. Which way is your life going? What is truly important to you? Who are the people you deeply care about? What are their needs you are inspired to serve? Are you making full use of the strengths you have to make a difference to them? Are you really doing your best to help people of the kind that truly are important to you? And many things you know appear in your mind even inside an organization instead of completely surrounded by today’s business.

[00:28:29]  If you don’t give attention to which way even your business is evolving. So even for the sake of the long term success of your business, you have to have quiet time to look at in which way are you contributing to that business. But this side, this is a business. But then what about your life? Is there a sense of inner contentment and peace and happiness? Are you genuinely happy? Is there something Missy that is missing that is bothering you? Is there something about the way you are utilizing the time of your life that doesn’t agree with you? Are you taking the time to spare, invest on your health, on your relationships, on learning? And if you find that you are burning your candle at both ends and you are not having enough time for your health and for relationships of the kind that matter to you, then of course you have to ask. You have to have a wake up call to say why am I surrounded in a circumstance which I am refusing to change? Why am I ruining my health and ruining my relationship to achieve something which later on I will have deep regrets about? South, I think at that quality time and that gift which you can give, you know, that time, individual time, that solo time, it’s like your date with

[00:29:32]  yourself, you know, and that’s such a beautiful gift to give to yourself, you know, So that’s that’s the way to do it. I want to understand people are always confused with the purpose of their leadership and their life mission and goals. And that is always, you know, laced with a lot of fear, fear of failure, fear of judgment, fear of getting out of context and so on and so forth. How does one actually balance this to really come ahead in a very uncluttered way, fearlessly understanding their life purpose and inspire themselves on their leadership journey? See if if in your heart of hearts, in the secret conversations of your heart, if you’re dreaming about something which is very idealistic. Let’s say some people are dreaming about solving the hunger problem in this country, the poverty problem in this country, the air pollution problem in our city. And they’re deeply inspired by this idea because they think that it’s something worthwhile for them to do. Then finding a way to utilize your strengths for the dream that is really important to you. This is where it begins.

[00:30:32]  The idea is not to reach the goal. The idea is to strive to reach the goal. That means in your attempt to reach that higher purpose that you are defining for yourself the very process of learning how to make that impact of that ideal kind. In the process, you are enjoying the journey. Because when it appears like a huge task and it begins with a step of your asking, what can I do to make a difference? See, the moment you define something in your life as a problem you want to give attention to or a vision that wants to be manifested through you, when you have a deep concern for that cause inside your own heart, then all kinds of new things will emerge. You will find all kinds of people will emerge in your life because they have similar interests. You know, we, we attract people based on our intentions. If our intent is pure, you will be surprised as to how people will come around to help you. All of a sudden you will get people who will be wanting to be with you and and you will get support from people. So at that time of dreaming, one should not be miserly, you know, because. People fear aspect because

[00:31:32]  people fear a lot and the fears could be very different psychologically. I do not know how to define all that, but that fear is something that holds them back to even understanding their life purpose and sometimes. So that’s the the biggest thing in your book. If you don’t get off that block, how do you inspire to to go? That is where I’ve seen a lot of people. Why I have been talking to some of my mentees is that fear. That’s the first stumbling block to anything further. I think if that is solved, then the whole book is very much inspirational to as a template for you to move and be an inspirational leader. Let’s talk about four basic fears that people prevent people from realizing their potential. The 1st is fear of failure. In order to overcome fear of failure, I encourage people to practice in a safe environment. It’s like when you are in a simulator in an aircraft before you actually learn to fly so far to simulate a condition in which you can practice what to do and experiencing failure and failure

[00:32:35]  in a simulated safe environment helps you to learn. And there are many beautiful ways to do it. I have written my book as to how I participated in. Sandboxing. Sandboxing failure. Yes, I would say that. Exactly. And you know, I’ve written. With a testing failure over there and then move forward to the real. Exactly. So it’s like there are experiments I have written in my book, like engaging in a firewall, going for outdoor training, experiential stuff. There are people who make you do that and you get over your fear. Second fear is fear of criticism and what will others say? So here I think having really close friends will just give you feedback on your effort and who will speak honestly to you, who will confront you, that on one hand you say this is important. On the other hand, what are you doing about? Or having a mentor who deeply cares for you and show you and shows the mirror to you. So when people who you get feedback on your areas of development from people you trust, then your allergy to criticism goes down and then you are able to handle criticism from anybody because you are

[00:33:35]  used to getting authentic feedback from people whom you trust. Then there is a fear of lack of resources and time. A lot of people feel they don’t have the time to engage in what is truly important. They’re helping you to understand how you’re spending your time and making a log of what you do actually faithfully. At the end of the day, write down how did you spend your day and once you start doing that, you realize there are so many things you are doing today which you need not be doing and therefore you can create time for something which is truly important. Then there are some people who are fear of the unknown, fear of ambiguity, fear of uncertainty. I think this is this especially happens to us, some of us who are engineers, people who are accountant, finance people who are very numbers oriented, who are very, they get very uncomfortable in an ambiguous environment. I think for those people who get very, who get very, very paralyzed in ambiguous situations, for them deliberately learning from the Fine Arts, learning from people who are not like them, exposing to new cultures, trying out new things, even watching TV without sound, these are habits which

[00:34:36]  can help them to overcome the fear of ambiguity. So for each one of the fears, there is a possible solution. And finally, KK, I want to say that what I learned from my spiritual teacher, the opposite of fear is not courage. The opposite of fear is deep love. When you deeply love a ’cause that is really important in your heart, then teacher used to say that then you rise in love, you don’t fall in love. And when you deeply love something, then the fears go into the background. That means the cause itself is so beautiful that you are inspired by. Then you develop the strength and then people come from nowhere to help you. So that’s where it also happens, really choosing what you deeply love and you deeply love something. There is no space in your heart for fear, But because you are indecisive, because you’re not even sure whether that is important to you, your mind keeps keeps on giving you excuses and keeps on making up fear because the real is, you know, a friend of mine, a very dear friend called Peter Block, who’s a great author. He has written a book, written many books, but one of his book is called the answer to how is yes. He said. Then people keep asking how do I do this?

[00:35:37]  How do I do that? How do I overcome fear? He said the only answer to how is yes, meaning get totally committed. If you’re truly committed, you will find a way. Which is like burning the bridges. Yes, that’s right. I want to touch. One thing which I did not feel you have given much attention in the book is the power of positive manifest. You know, many a times I have set on a journey very, very inspired and clueless as to what are the net depth. But somehow that power of manifestation that I have acquired in my life because of certain blessings or whatever I have received in this second life of mine, I was actually declared dead and then I got revived. And those powers that I have gained on has actually increased my power of manifestation and that has led me to overcome the fear of anything fantastic. And I wanted to understand does that also help overcome fear because part of manifestation? Lot of leaders are very higher order beings somewhere they have that power in them and that energy to be able to positively manifest.

[00:36:38]  I found that was a little bit missing in your in your commentary. It is there, but it is not in a straightforward, not in. Not in the way you are defining it. Not in the way you are defining it, but in my last chapter of the book, I say what prevents you from realizing potential? And I talk about how inside your own mind there are all these fears and limitations and limiting beliefs, which we call about immunity to change. And I talk about invoking the power of the inner witness, which is how when you invoke that inner witness in you and realize all these fears and limitations are linked to your ego. But when you go beyond that, and that’s when I refer to my spiritual teachers framework. I refer to my spiritual teachers framework. I also refer to Robert Keegan’s framework from Harvard University, the famous book Immunity to Change. Both are telling you that when you become as to how your mind is preventing you to move forward, then how can you launch an experiment which begins with a different positive heart,

[00:37:38]  which begins by using your own strengths, which begins by saying how can the power of your intent help you to overcome that? So, which is very similar to what you said, except that it does not begin only with positive affirmations, but begins with recognizing what is preventing you to change in vocal, the power of inner witness. Then invoking how you can launch an experiment to overcome what is stopping you from growth and then using the power of positive thinking to help you to overcome. So, So I have described it in that way. And of course what you are saying, there is a meeting place between both of them, but I have not dedicated enough space in my book only to talk about the power of affirmation. But I have referred in that chapter the power of faith, power of faith and prayer and those kinds of things. I’ve. Talked that’s what I just wanted your point of view. Maybe a few parallels there or a few sections in that thing would have been very helpful because that’s something that I’ve always felt in my journey to be inspirational after 2030 is that powerful manifestation and that manifestation and that energy. Whatever you have also mentioned the universal blessing that you

[00:38:41]  you get actually helps you or leads you to other like minded people to actually join the force and you know, propel the whole movement forward. So you’re not regressing back and but you are actually moving forward. So that is something I felt that in my case of the leadership experiential leadership that I’ve gone through in my journey, that was the case. But there are 4 cases I’ve given in the book and three very powerful cases, which are exactly what you just now talked about. 1 is Doctor James Doty, the neurosurgeon, the world’s best neurosurgeon, and how he changed the language of his mind and how he started giving himself positive affirmation thank to a mentor called Ruth. So Doctor James Doty who set up the Center for Altruism in Stanford, then I talk about Ashok Kapoor, the founder of Krishna Maruti, how he learned to give this affirmation saying I am on top of the world. I even have talked about that being converted into a movie where Anil Kapoor in that movie called Dil Dhadakne do whenever anybody ask him how are you, he said I am on top of the world. And he gives credit to my friend

[00:39:43]  Ashok Kapoor. So they have given directly the evidence of what you just not talked about. And the third case of Shanta Raju who was born out of complete poverty. And I’ve also given Doctor Mashelkar as 1/4 case study. Both mothers were maid servants, extremely poor, and how through self talk they taught themselves the power of positive affirmation in both. So although I’m not written about the word positive affirmation, I’ve talked about how can you change the language of your mind by giving the four case studies which are exactly around the point that you. Talk about it. Got it. Thank you for the clarification. I want to move on the practical application. I want to understand, are you also trying to bring in another book or a workbook like many authors have done for Happiness? There have been a workbook and trying to get it regimented in some sort of a format. Yes, basically self-paced and self this. That would be very beautiful for the readers and people who want to get into this journey of being an inspirational leader. Yes, actually I’ve been teaching

[00:40:44]  a course on self leadership for the last 20 years both globally and in my own campus. We have a 30 hours curriculum with a series of exercises around this. And we, I, I have even now trained many of my faculty members on how to conduct that course. And we even have a facilitator manual to the teachers how to conduct this course for others. Oh, wow. But yeah, so we have that. But it’s already in my mind to come out with a next phase, which is like a manual where people, this book can be converted into a actually a manual for people to. Workbook or something like that. Workbook, that’s right. So that is something that we are going to do next year and also Penguin wants to convert next year from a hard, you know, hardcover addition to a copies and paperback edition will come out by next year. So that many more people can, because paperback always sell large number of copies is cheaper, also easily available everywhere. So paperback but this they wanted my content to be, they said no, this is premier content so it should be hardcover. Actually I was arguing with them, let it be a paperback that way many more people will have

[00:41:46]  access to it. But for whatever reason they have started with this and then it will get converted into paperback later. Yes. So Kindle is also not there I guess. It is there. Kindle is there. It’s there, OK, I prefer sometimes when I’m getting it onto a pot or rather, you know, make notes and you know, go to sometimes the Kindle thing is too digital for me to get that deeper mind share and internalization. So that’s something I always try to get a book version rather than read on the Kindle. Sure. Now Anil very close hearted chat because I think this is something will be helpful for our listeners who want to be, you know, the next Gen. or how do we bring the next Gen. of inspirational leaders. Obviously you have pivoted to create the pool of inspired leadership and thank you for inviting me for your inauguration. Obviously, I I could not make it at on that day, but I came in much later. Fabulous campus, fabulous infrastructure and and something that was really lacking in our system here. And I think you’ve actually broken that shackle. I want to understand that

[00:42:47]  journey of you pivoting from a consultant to actually education is and actually revolutionizing and changing the way management education pedagogy was being delivered through our MMS and different, you know, management institute those university programs of for two year into a very different program. What has LED that? How did you go about doing that because I guess a lot of that is coming into this book as well. 1st A story. When I was just beginning my career, I was in Aisha. I was heading HR for the Aisha group. I had a colleague called BP Singh and his wife Kumkum saying both Excel or I graduate and I went to BP’s house. He was staying with his in laws in South extension in Delhi and I met his father-in-law, Kumkum’s dad, Mr. Aryan Chopra who was a former chairman and MD of Indian Iron and Steel Company. He started asking where did I come from, where did my parents come from? And when I told him the name of the town, he told me what was your grandfather’s name? And the moment I gave his name, he said, you know, he was my

[00:43:48]  teacher and the headmaster of my school. And he, he had tears in his eyes, gave me a very warm hug. And he told me your grandfather was the finest human being and teacher and his life and his work transformed so many of us. There is a whole group of students whom he mentored who there’s a whole worldwide following for your grandfather’s name, he told me. So I was saying, wow, a simple teacher in a small school near Lahore can make such a difference to hundreds of these people who went on to achieve positions of eminence. But they remember the power of that person’s not just teaching but that person’s life. So I promised myself that one day when I can help it, I will create an institution like that. Then when I founded Aisha Consultancy, I told Aisha group, let us set up a leadership school, a university. But I could not justify any capital investment based on any returns or whatever. So I could not get the support of my colleagues to invest. But I told myself so. But when I was heading Aisha Consultancy, 2 unusual things happened. Within three days of each other, I got offers to become director

[00:44:49]  of I am Ahmedabad and director of I am Bangalore. Very unusual. I’m 37 years old. I’m the founder of Aisha Consultancy Services. But because what we had achieved in Aisha, we were known as a good company with very good practices. Both the two preeminent institutions of management who were looking for directors wanted to recruit some non academic because they felt that they had good academics but they needed somebody from outside to help them to become a good team and to perform well. So I was saying to myself, you know, I’m not I’ve not studied in a top school, but some of the best schools in India want me to become their director. Then I knew the credit goes to my colleagues and asked what work we had Co created in Ayesha. So I said to myself one day when I have the resources, I would what experiments we did in Ayesha, the kind of learning we had, we should convert that into an educational institution. So fortunately later on when we sold our management consulting business because I had founded by then grow talent company, which had become a significant consulting company. So when we sold it to our American partners and the money

[00:45:50]  came, I said, this is now the time for me to set up and to and I was 45 years old. I said, I’m still young. So let’s now create this whole experiment. So when Grow Talent became from 45 years age to 52 years of age, it became the largest management consulting company in HR. And when we sold it, I said, now I am in my 50s, I better spend the rest of my life into serving this dream I had. So that’s how soil happened. And I said, now let’s do it. Let’s talk about ecosystem design, not just an institute. So I talked to all our virtuous clients, Tata Group, Aditya Birla, Mahindra, Infosys, Levers, Schneider. They like the idea very much of what I had in mind. So they joined hand with us and we created a consortium of companies. Next I turned to a consortium of social organization and NGO’s. I said you know we want to work with you. We want our students to come and serve. Then I talked to some very thoughtful practitioner people who were very thoughtful practitioners. Some of them are CEO’s of companies, some of them were managing partners of consulting

[00:46:50]  firms. I told them that I want you to come teach with all your heart, not just teach out of a book, but teach out of a good experience about some thoughtful practices you have done. And then in the first few years we identified, I had a lot of friends globally and I brought some of the finest minds, whether it was from Stanford or other schools to come and teach in our school in the first few years. And one other thing we did which was very unusual, I talked to all my friends in industry. I said will you mentor our students? So I was very fortunate that many CEO’s of companies became our mentors and they wanted to do because I believed in the vision that we were trying to do to make young people socially responsible who will create good impact in the right way. So this ecosystem design took almost two years to do. But then the benefit of that was that we because we were in new school, we were able to ask new questions and we didn’t go by the tested methodology that others were doing. We had some very revolutionary thinking in the way to be designed our curriculum and made those experiments. So when you start afresh, you know you can do many things, you are not burdened by your existing structure.

[00:47:52]  So it was very beautiful, this experiment and I think the new campus that we have built where we said we will now do a multidisciplinary curriculum before the new education policy was born, we were thinking like that. Ten years before that new education policy came in 2020. In 2008 we talked about interdisciplinary curriculum and in 2012, eight years before NEP, we actually put an NEP based curriculum in action where we combined liberal arts, design thinking and management education. So it is a very beautiful experiment. I think God has been fine to us. I think the experiment has so far worked well. I think we have got good people and good students. So now I feel satisfied that the experiment that we launched 18 years back is finally it is showing some impact. It has reached some scale and I think it has been a source of great satisfaction to be able to serve this cause. So that’s what I would say. It’s a very inspirational storytelling session you have had in our podcast as well. One of the things that you talked about. Thank you, Anil, you have been very inspirational to a lot of people.

[00:48:52]  I want to know as a sequel to this book, some of the lessons or mistake inspirational leaders should not do would also be very useful guide. And I can tell you I’ve made enough mistake along the line along the way and how I have represented myself or how I have manifested it in a wrong way, thinking of a certain direction, but that that scenario never happened. So is there something that you’re thinking that you should add as a sequel to this? Because that’s very important. Once you’ve gone through this process and journey from this book, there’s also something that one should also be aware of what not mistakes to make? I will what mistake one should not make. I can talk about that first, but I will also talk about a sequel to what I want to write next about South. I’ll take sure, sure see the mistakes one does when 1 is very young, for example, and one is traveling a lot. 1 is I think in my early 40s. I did not pay enough attention to my personal health and you know, instead of collecting my

[00:49:52]  life, I started taking medicines for cholesterol and later on for sugar. If I had realized this earlier, I was always, I had given up. You know, I was not smoking that I gave up at a very young age. I even drink, Start Stop drinking alcohol at a very young age. I was, I became a vegetarian at a very young age. But Despite that, there was some because I was traveling for my consulting work a lot, I was not as disciplined about my health as I should have been. I was not going for my regular exercise and walk. I was probably 456 kilos overweight at that time. So when I realized that then I became very conscious I could actually start improving my health. So I would say that, you know, at a young age one has no business to engage in any habits which have an adverse impact on your health. It is not worth it. So that’s the first mistake. Second mistake is never allow people’s doubts to impact your idealism. You know, when I was creating Aisha consultancy and I was at a very young age a member of the board of Aisha and we had developed quite a reputation for

[00:50:53]  ourselves or being a good employer. I was, you know, member of Cii’s National Council at a very young age. In my 30s, I was chair of their national committee. So in that in the national committee, I was sitting next to Ratan Tata, Rahul Baja, Jamshed Kotrej, Suresh Krishna, all these industries, Brij Mohan, Lal Munjal. And I was the only young professional in the National Council of CIA. So sitting there like that, I had an idealism to create the consulting committee. But you know, a lot of people tried to talk me down. Oh you are successful in Aisha because of the way Aisha culture is which you have Co created. But setting up a consulting company is not going to be easy and a lot of people’s fears which they because they think it cannot be done, they pass it on to you correct? And sometimes you get into self doubt. Is this something that right thing for you to do? I would say that every time we have I have done something new in my life. A lot of my near and dear one people who close friends of mine told me that it was not possible to do those things and that would be sometimes put put me into doubt, sometimes it would make me go on my back foot.

[00:51:54]  Am I doing the right thing? Thankfully I came out of that thankfully thanks to my wife who was always up for the adventure. You know I met her when I was 20 and thanks to a very loving family I found a way to overcome that. But you know when you are near and dear ones and you are well wished, especially your friends told you tell you that you are much too idealistic. These things cannot be done that can prevent you from being at your best and that can make you less resilient at time. So you have to be careful not to allow people’s fears to impact who you are, but it’s very natural for you to get impacted. So I would say that is the second thing that if I was to improve myself further, I would say develop greater resilience. Take adverse feedback on your hopes and aspirations in your stride. Don’t allow that to cramp what you are planning to do. Because I think some of that adverse feedback made me take less risks. When we were, for example, in Grow Talent, the second company we have Co founded, we bought this land where we are now having this first campus in Gurgaon. A lot of personal friends told me not to take risk, not to apply for bigger piece of land

[00:52:56]  that we were getting here in Gurgaon. That made us buy a small piece of land. And I think it was a very, it was a wrong decision. I wish I had gone to what I was inspired to do to buy a bigger piece of land so that we could have created a bigger campus in the heart of Gurgaon. We were getting more land, but we somehow felt overwhelmed that maybe you know, so that’s where your risk taking got reduced. I wish I had taken more risks at that time compared to what I actually took. So. These are two things I would shift between mistrust and higher risk. Those you trust lead you to take lesser risk, so it’s better to go with people who you mistrust so that you could take a higher risk. Not mistrust, I would say people are not too much attached to your future and who are who worry for you, but people who can look at the merit of your idea rather than have those attachments to you. So I would say that not the other, not mistrust, but I would say people who look at the merit of your idea rather than worry too much about what will happen if the idea failure. The downside risk aspect. All right, What is the next book

[00:53:56]  you never talked talked about your next sequel to this? Yeah, So I’m inspired by the idea and the title may be something like circle time. Circle time means, you know, in all our offices from a very young age, we do morning circle. And even in soil where we all come together and even in meetings, we have a circle of sharing. Even in any celebration, we have a circle. Even in the local residents where we stay together, there are circles. I think one of the reasons why India is not developing to its potential is that we have lost that sense of connection and community and somewhere where we support each other towards something bigger than ourselves. If we have circle time, if we have a real deep connection and pride in what we are trying to do together and if we believe in interdependency, I think a lot can be achieved. So in an organization, when you build a strong community, it can create great culture. We can learn from the Indian Army, for example. We can learn from some of the social organization like Amul for example, where I have worked. So there are great experts and community, but unfortunately they are very limited experiment. A lot of our companies don’t

[00:54:58]  achieve high performance because they don’t have enough circle time. So I would feel that if we can build a strong sense of connection and community. So the book is going to be on circle time. That’s what I’m talking about. If we can create the very powerful connection and collective pride and in doing something together, I think huge things. Something we can learn from Japan, Something we can learn from certain societies, something we can learn from certain organization. I just want to pick up what you’ve talked about other societies. Don’t you think post independence, the last 10 years, there is a dramatic shift in the way our risk taking, our leadership is evolving and we need to probably be also be looking internally as to what are our concepts, our Dharma karma, our and some of it you have written. But I think rather than looking westward or to the Japanese or Koreans or others, I think there are there’s now whole body of knowledge and work. I think somewhere it needs to get assimilated and and compiled into Indian way of management and leadership. Absolutely I am. I am deeply inspired by our own scriptures and our own Upanishad

[00:56:01]  from the Bhagavad Gita. So there are lots of lessons to be learned about and India had that at one time of the kind of society I think we have to make our civilization great again. The Japanese are deeply inspired by India because my work with Japanese for last many years. So it’s the common ground to see actually they are living Bhagavad Gita. We only have it in our position. So some people in India are living it, but large majority are not living our own Gita way. Whereas the Japanese inspired by the inspired by Indian philosophy, including Buddhism, how it helped them to become a great country, which they acknowledge that it is because of what they learned from India. So I think we need to remind ourselves of the greatness that is possible in our own culture, in our own society and we need to bring that sense of community, the sense of connection with each other, the sense of pride in our country. Not all the time running our country down, not all the time and not and the worst disease because to me the biggest disease because of the loss of community in our country is corruption. And corruption comes because there is no sense of community.

[00:57:02]  People say what is in it for me. Then politician become selfish and corrupt. So do business, so does the average person who closes his eyes and engages and also ignoring what is happened. But when we truly get connected and hold each each other accountable then I think a lot of greatness is possible. So yes, that’s what I want to talk about. I will do research for quite some time. I will study organization where such things are being done in this country so that we can achieve the highest in ourselves. Anil, before I let you go, there’s so many things we covered, such inspirational picture of you for our listeners as well. Truly inspirational. I want to understand that for the benefit of my readers because a lot of them are in those court of 3035, the mid management, that tier of people that if you could hand this book to yourself 30 years ago, what page would you tell your younger self to read from your book? The story you tell yourself about yourself when you are alone in the words of Amitabh Bachchan meh or meri tan hai aksar bhatkar ustan hai may

[00:58:03]  ustan hai may. What do you? What are the words you use to describe yourself? If the words you describe to yourself are empowering, you will achieve greatness in your life. But if you keep using the language of a victim then you know then you will keep on thinking that you are not good enough. So never tell yourself you are not good enough because you can become the greatest in anything that you wish to do, but your mind prevents you from doing that. So don’t allow the mind to lead you. You lead the mind. That’s what I would. Lovely. With this, I like to just say that true leaders don’t just manage, but they inspire. And that’s the legacy I get from this discussion and your book. And I’m hoping that this podcast also kind of adds on to the persona of you as an author and opens up the minds of many of the listeners and readers as well as we go along. Anil, I definitely want to meet you face to face, have a cup of tea, coffee, get this book autographed as well. Thank you so much. Really inspirational to talk to you rather than very meeting at airports and just chit chatting. Thank you, KK.

[00:59:05]  Thank you very much. Thank you for lovely talk. Thank you.

The Dharma, Karma and Artha of Indian Democracy

The Dharma Karma and Artha of Indian Democracy

Podcast

QuoteUnQuote with KK and Prof Salvatore Babones on The Dharma, Karma and Artha of Indian Democracy. India’s democratic ethos is deeply intertwined with dharma and karma. The wheel in the center of the Indian flag symbolizes this moral cycle—reminding both citizens and leaders of their duties and consequences. Artha is the outcome of the democratic system.

India has its own version of literature, books and writings on democracy and how to rule Bharat right through the Vedas, Ramayana, Mahabharat, Chanakiya Niti, etc. But if we were to link these to the neo classical view of Prof Babones, we are going to pull all the issues using the podcast on happiness with Dr Devdutt Patnaik on Dharma, Karma and Artha and map it the concept of Democracy. We will leave the Moksha of the political, the governance, the bureaucratic and the legal constitutional honchos class as a topic for another time for a podcast. This Podcast fully discuss Prof Babones book,

Dharma Democracy: How India Built the Third World’s First Democracy

but focus on what’s next and link it to his book and his penchant for Challenging Western academic orthodoxy; Defending empirical rigor over ideological bias; Advocating for culturally grounded models of democracy—especially in non-Western contexts like India.

Book Link

Also Listen

 

2025 Healthcare and Life Sciences Investment Outlook

2025 Healthcare and Life Sciences Investment Outlook

Mankind versus ChatGPT: Our Caveat for 2025

For the first time in AI’s and mankind’s history, the line between what is human and what is AI-driven technology is increasingly blurring, we are witnessing that ChatGPT and other OpenAI models, can influence the rates of false negatives and false positives in various healthcare and investment applications including algorithms that make investment calls based on future predictions. We have been making annual healthcare and life sciences investment predictions since 2013 with 95% accuracy except during the Covid pandemic years. It seems that ChatGPT itself is turning out to be a black swan event for the algorithms which are predicting the future so accurately in the past. As ChatGPT becomes mainstream, we need to understand the “Confusion Matrix” (see chart below) that will ensure with the power of AI and ChatGPT versus the humans in the future as more and more AI-generated content and analytics proliferates the world in 2025 and beyond. 

Confusion Matrix for AI ChatGPT and Human Predictions
Confusion Matrix for AI ChatGPT and Human Predictions

As industries including, Healthcare and Lifesciences is adopting AI very rapidly for delivering healthcare and so do the Banking and Financial Services, investment managers using AI-driven algos for investment calls. We would need to take cognizant of the False Negatives and False Positive that would elevate the risks and mitigate accordingly. We have included AI as one of the factors in our 2025 Outlook, India Healthcare and Lifesciences Investment Heatmap.

2025: Heal the World – From Geo Politics to Socio Politics

In our 2024 forecast last year we included Geopolitics for the first time in our investment heatmap as the signals were emerging as early as mid-2023. While 2024 witnessed global geopolitics upheaval with regime changes through democratic elections and other means with over 60 wars and armed conflicts ongoing around the world, we were seeing signals of slowdown in growth and investments in Q12024 itself. As a result, as we exited 2024, the growth and investment climate slowed down significantly.

The broad global theme for 2025 is “Heal the World” for better outlook for 2026 and beyond.  If we are able to heal the world with robust socio political agenda it would turn out to be the future prosperity of mankind.

2025: India’s Healthcare and Lifesciences Innovation and Business Models

India was also not insulated with the global geopolitics impact. In 2024, there was ~50% decline in capex and investments in the sector.  We expect 2025 to continue to be a weak year for investments in the sector. After our general elections, there were uncertainties in our region and further slowing of investment and capex cycles on the back of global slowdown. Healthcare is a big creator of employment and it should not slow down any further in 2025.

Since Q12024, the signals were towards robust investments in early stage innovations and growth in new age business models which we have been labelling as “cross-domain” investment ideas. In March 2024, we released 2024 – India Healthcare And Life Sciences Investment Manifesto | Kapil Khandelwal KK covering key 40 bets that will be an opportunity to invest in the sector that will witness an upside beyond the market returns for the sector over the next 5 years. This will accelerate the investments that was with USD 857 million in 2024 to reach a unicorn status of over USD 1 billion in 2025. Fortunately, this is the only segment witnessing positive growth in investments in 2024 and continues to attract robust growth and investments. 

Hence, we have made attempts to analyse International ‘Geo Politics’ as a separate factor and bolt-on-top of our algo predictive models to adjust our heat map for 2024 to accurately predict whether the heat is on in our 2025 Investment Heat Map.

The wave of optimism for 2025 in Indian healthcare and life sciences stems from the following:

  • Over half of Indian consumers are increasingly curious to understand their body and well-being by ‘listening to their body’. Innovators and start ups are exploring this opportunity to scale up their ventures.
  • Many of the start-ups of the Pre Covid India Stack in healthcare are either pivoting to including AI tech or will perish as AI goes turbo. We are expecting around 450 such start ups at this stage of AI upgrade.
  • Agentic AI effectively turbocharges the Do It For Me (DIFM) healthcare economy. Early adopters include GenZ and Millennials (approx 50% of Indians) users who will have their own bots or AI agents helping them choose products and execute transactions in adoption of healthcare products and services as the line between what is human and what is technology will be blurring. Competition will tick-up as starts-ups grow.
  • “AI for All is not All” as consumers are getting more consumerised for their health needs. AI cannot solve it all for all of Indian consumers healthcare needs. These include Gen X and Seniors (approx 44% of Indians) are skeptics and late adopters. This innovative products to serve these cohorts is key.
  • New business models/incubation for investments are emerging (see our 40 Future Bets in Healthcare 2024 – India Healthcare And Life Sciences Investment Manifesto | Kapil Khandelwal KK) that are cross-domain and will be a potential USD 50 billion addition to India’s GPD in next 5 years.
  • Healthcare real estate will also explore cross-domain concepts to fit consumer needs.
  • Wellness is now an ‘Avatar’ that is experiential and connects with other lifestyle domains such as beauty, cosmetics, travel, tourism, hospitality, food, technology, wearables tech, work environment and many more. Holistic innovation in experiential longevity is emerging.
  • Alternative therapies are now body rejuvenation biohacks that traditional and alternative medicine and wellness cannot provide or fulfill completely and which health fascism fuels. Indian GenZ and Millennials are leading this change.
  • New age innovative medical integrative DIFM models will be a push for medical and wellness tourism repositioning for India medical tourism.
  • In 2024, the BSE Healthcare Index was one of the standout performers, delivering an impressive 40% year-to-date (YTD) return. This trend continues in 2025.
  • The valuations have come back to realistic levels to peak by 2026-27.
  • Private hospitals are now aggressively embarking on increasing bed capacity after a phase of consolidation in 2024.
  • M&A and buyouts are expected to continue to be buoyant.
  • Healthcare real estate are expected to launch and kick off innovative cross-domain formats.

The 2025 India Healthcare and Life Sciences Investment Heat Map is as under:

2025 India Healthcare and LifeSciences Investment Heat Map
2025 India Healthcare and LifeSciences Investment Heat Map

Healthcare Financing

With mental health needs and healthcare fascism at its peak, newer products and services for financing longevity and healthy lifestyle for the Gen Alpha and Gen Z are emerging. Cross domain models of business are emerging to address the needs to finance consumers needs to such emerging products and services. 

2025 Outlook: Moderate

  • What may go wrong: false claims by online influencers, right pricing, reach and penetration to consumers, improper lifestyle based consumer segmentation, business volatility in some NBFCs, newer regulations on consumer credits by RBI, lower consumer spending and financing, outstanding credit cards debt
  • What’s going right: AI intervention and solutions, lower interest rates,

Medical Education

Medical education content is no longer the marker for better valuation and funding. The market has flipped to buyers’ market. The investors are no longer entering into opportunities at the current valuations and will lead to rerating downwards. Need major reforms in the medical education sector.

2025 Outlook: Low

  • What may go wrong: lower student enrollment, regulatory issues, new emerging careers in industry, accreditation and learning models, international players and competition
  • What’s going right: AI-generated content creation, immersive content, stable valuations

Med Tech Innovation and Life Sciences Discovery and Clinical Development

Trump Administration and the US BioSecure Act will be a positive. India has to enter the big league of biologics with global partnerships as Chinese firms will face headwinds. Cross domain innovation with AI is the key to leapfrog in the global race. Also India needs to reinforce its success in Covid vaccine development to reignite confidence in India. Expect a major IPO.

2025 Outlook: Moderate

  • What may go wrong: over dependence on Chinese players, slower reverse brain drain transition of drug hunters from US, low qualified life sciences professionals pool, lower grant funding, no further sops in the 2025 finance budget
  • What may go right: emerging social innovation models, market appropriate solution development, native AI models

Pharma and Therapeutic Solutions

Volume growth in the domestic markets, US generics price erosion, with the softening of input costs, ongoing decoupling of supply chain with China and currency depreciation to continue in 2025, will improve the margins very marginally.  The companies with strong cash positions will increase capex and also buyouts and M&A activity. Not any major name IPOs expected.

2025 Outlook: Moderate

  • What may go wrong: Slower China decoupling of supply chain, continuing US generics markets prices decline, potential increase in tariffs by the US under Trump regime, increased APIs prices, continuing domestic market volume degrowth, no further sops in the 2025 finance budget
  • What may go right: US BioSecure Act to favour India, increased R&D spend, new products pipeline, newer capex cycles, multi-year high in US active drug shortages

Healthcare Providers

Capacity creation will now be around 2500 beds in tier 2 and 3 cities. Funding cycles improve as internal accurals improve for fresh capex and capacity expansions and inorganic expansions. Expect a few IPOs, buyouts and exits via secondary sale.

2025 Outlook: Hot

  • What may go wrong: margin pressures, supply and demand mismatch in micromarkets, lower medical tourists arrivals, rising valuations, stable margins
  • What may go right: asset-lite models, launching into new medical tourism markets

Healthcare Insurance

Payors are seeing insurance penetration grow since the Covid pandemic. Newer markets in the GenZ and Millennials cohorts and geographically tier-2 and 3 cities are the essential for growth. Bundled products and services for health and wellbeing is the key. AI modelling will assist in accurate underwriting of risks. Agentic AI entry to change the solicitation and selling customised bundled products.

2025 Outlook: Hot

  • What may go wrong: bundled product for consumer needs, product approvals, risk mitigation for new products, consumers need for longevity, agentic AI to connect consumers, payors and providers for seamless services
  • What may go right: Consumer demand, reduced loss ratios, AI fraud detecting agents

Health Retail

Anti-digital trend is catching up with consumers expecting analogic human to human touch for consuming healthcare products and services in cross-domain settings which is now perceived aspirational and desirable. Many digital business models need to tweak their phydigital presence mix. Its back to innovative traditional health retail settings.

2025 Outlook: Hot

  • What may go wrong: failing to provide the human to human touch points, talent for new age health retail settings, anti-digital pivoting, wrong business model assumptions
  • What may go right: exits in failed business models, profitability focus, phydigital presence

Wellness

The past wellness definition is no longer relevant. New age ‘Gen-Z’ed wellness business models and innovation is emerging which brings in the cross-domain experiential products and services. Redefinition of wellness is the key and will show case the future winners. These innovations will fuel India’s new age wellness tourism too.

2024 Outlook: Hot

  • What may go wrong: regulation, talent and skills in cross domain products and services, micro market segmentation, faster beta testing, new mass market business models, spurious social media channels, fake outcome/claims
  • What may go right: Gen Z micro segmentation, wearables, biosensors, newer phydigital formats

Alternative Therapies

Redefined by cross-domain influences, emerging tech, wearables, biosensors, cutting-edge innovation in life sciences with other domains fueled by GenZ experimentation with new biohacking and health fascism expressions. It is going to be the next destination of value care in healthcare emerging from real need and experience of consumers for Do It For Me (DIFM) healthcare.

2025 Outlook: Hot

  • What’s going wrong: regulations, consumer education and confidence, clinical research, new product development, new mass market business models, repeat sales, spurious social media channels, fake outcome/claims, wrong Gen Z role models, developing phydigital formats
  • What may go right: discretionary consumer spending, newer cross-vertical innovative business models, mainstream complementary treatment, wearables, biosensors

Moving Forward

2025 will be a pivoting year for mankind, healthcare and investing as AI for All is not All.

Happy investing and stay strong!

Media Coverage

M&A, Buyouts in Healthcare to Remain Coverage in VC Circle

2025 India Healthcare and LifeSciences Investment Outlook Coverage in Express Pharma Feb 2025

Rebooting Age: Long-Living India

Rebooting Age : Long-living India

Podcast

QuoteUnQuote with KK and Dr. Deepak Kumar Saini, Convener, Longevity India and Professor, Dept. of Developmental Biology & Genetics Indian Institute of Science (IISC), discuss Bet #3 on anti-ageing tech and products that is going to be a major trend in the next 5 years. Why is it so? 

As 50s is the new 30s now. Present Genx and seniors would like to reverse age or age slowly. By 2047, over 300 million Indian would be Senior Citizens and our dependency ratio will be around 40%. Indian would like to extend their lifespan 20% to 50%. But the trick here is to ensure that the end of life after prolonged life is a quick process rather than a prolonged decline. 

Indexation and Canons of Taxation: Have We Learnt Anything from Angel Tax?

Indexation and Canons of Taxation: Have We Learnt Anything from Angel Tax?

Preamble

In my Macroeconomics Course in College, I was introduced to the Canons of Taxation are principles that guide the design of a fair and efficient tax system. Adam Smith, in his book *The Wealth of Nations*, introduced four fundamental canons of taxation:

  • Equity: Taxes should be proportional to the taxpayer’s ability to pay. This means that individuals with higher incomes should pay more taxes than those with lower incomes.
  • Certainty: The tax amount, payment time, and method should be clear and certain to the taxpayer. This helps in planning and reduces the chances of arbitrary taxation.
  • Convenience: The tax system should be convenient for taxpayers to comply with. This includes the timing and method of tax payments.
  • Economy: The cost of collecting taxes should be minimal. The tax system should not be overly expensive to administer.

Modern economists have expanded these canons to include additional principles such as productivity, elasticity, simplicity, and diversity.

However many Governments around the world, including India do not follow these Canons of Taxation and make the taxation more complex rather than simplistic. From an investor point of view, the latest Budget for FY 2024-25 is one such instance where the Ministry of Finance has demonstrated one case of positive and one case of negative principles of canons of taxation. From an investor point of view, on the positive side, the Budget has abolished the Angel Tax and on the negative side, the Budget has abolished the indexation applied on Long-Term Capital Gains (LTCG) for computation of LTCG by reducing the LTCG rate from 20% with indexation to flat 12.5%. Let’s discuss this in detail.

Angel Tax Abolition  – Positive Canon of Taxation

When late Finance Minister and President of India Pranob Mukherjee, introduced the Angel tax in 2012, the justification given was that it was to prevent money laundering through inflated valuations. However, most start ups are valued higher than fair market value. Most angel investor would value these angel investments looking at the future growth potential and at the time of investments, these start ups had no or low revenues and profits. It is but obvious that the valuation methodologies would be higher than the market value. The angel tax had several significant impacts on startups in India:

  • Valuation Challenges: Startups often faced difficulties in justifying their valuations to tax authorities, leading to disputes and potential tax liabilities.
  • Investor Hesitation: The tax created uncertainty and risk for angel investors, making them more cautious about investing in early-stage startups.
  • Cash Flow Issues: Startups had to allocate funds to cover potential tax liabilities, which could otherwise have been used for growth and development.
  • Administrative Burden: The process of proving fair market value and dealing with tax assessments added to the administrative burden on startups.
  • Stifling Innovation: The overall environment of uncertainty and additional financial strain could stifle innovation and discourage entrepreneurship.

With the abolition of the angel tax in 2024, the startup ecosystem is expected to benefit from increased investor confidence and a more supportive regulatory environment.

Conclusion

The Angel tax did not pass the Canons of Taxation test and met its stated objectives. After lobbying for many years it is now abolished.

Removal of Indexation on LTCG for Sale of Real Estate

In the current budget, the Finance Ministry has removed the indexation benefit for calculating long-term capital gain (LTCG) on non-financial assets (including property). It has also lowered the LTCG tax rate to 12.5% (from 20% previously). The government has clarified that the removal of indexation benefits will not be applicable to old properties held before 2001, which would continue to get indexation benefits. This move is unlikely to impact the end-users who sell their existing house and reinvest in a new house (LTCG is not applicable). However, it will impact investors who would sell their house (investment) and reinvest in other asset classes.

Now the statement coming from the Finance Secretary in the media is that the new LTCG tax regime is in favour of the taxpayer as it lowers the LTCG burden. However,

this is not the case. Let is analyse this in detail.

Indexation on LTCG

There is an adjustment to the cost of acquisition of real estate of offset the inflation. Since 2001 onwards is the time frame when the new LTCG tax regime will impact the taxation, the following chart shows the indexation with 2001-02 as 100.

Indexation for LTCG Since 2001-02 Till Date
Indexation for LTCG Since 2001-02 Till Date

Assuming that an investor bought the property in 2001-02 at INR 100, the indexation benefit will be that if sold in 2024-25 it will be valued at INR 363, that is a multiple of 3.63x and this will be the cost that will be deducted from the sale consideration for computation of LTCG on the profit on the sale of the property. Now this benefit has been removed and a flat rate of 12.5% of sale consideration. This change has its own pros and cons and debunks what the Finance Secretary talked to the media about the new LTCG tax regime. Let’s see the different scenarios and time frame and the tax burden under the two LTCG tax regime.

INR 100 Asset @ 5% pa Appreciation Illustration

INR 100 Asset @ 5% pa Appreciation Illustration
INR 100 Asset @ 5% pa Appreciation Illustration

Clearly, the investor pays more LTCG when the indexation benefit is removed with lower tax rate of 12.5%.

INR 100 Asset @ 10% pa Appreciation Illustration

INR 100 Asset @ 10% pa Appreciation Illustration
INR 100 Asset @ 10% pa Appreciation Illustration

The investor only gains to pay less tax if the property is held for 10 years and more and appreciates in value @10% pa. Therefore we can conclude that the impact on relatively shorter-term investments (<5 years) where market price growth is <10% p.a. is negative. Conversely, the impact of this new regime would be neutral/marginally beneficial for investments with longer holding period (>10 years) and where property price appreciation is at >10% p.a.

It’s a Bummer

As a healthcare real estate fund, the social infrastructure like hospitals do not appreciate > 10% pa. Also the investment and exit timeframe would be <5 years. This means that there is additional tax burden for the investors. However, we are not the only institutional investors who are impacted with this change in LTCG tax computation. The recent change in LTCG tax computation bring about many questions around the cannons of taxation and many more. These include:

  • Healthcare real estate in India is one of the most costliest in the world and hence its relative attractiveness reduces for international investors towards India due to the additional tax burden.
  • There should have been exceptions allowed for funds and institutional investors for their existing investments in property sector to allow for the projected returns. Any new investments could have been based on the new LTCG tax proposal. This will allow for certainty of gains and returns to the investors in their current investments.
  • There are doubts in the minds of the investors about the stability of the LTCG tax regime if they are tweaked in the name of lower tax burden which is totally not true.
  • The secondary sale of the property by investors may alter the exit process by the investors in terms of time and valuation to match the increased LTCG tax burden suddenly imposed under the new regime.
  • The real valuation of the property may be tweaked with cash in the transaction to lower the LTCG tax.
  • Other creative accounting practices may be introduced to capitalise on the property inflate their costs to offset the loss due to increased LTCG tax burden.

To conclude, the new LTCG tax regime on property is not a positive one and does meet the canons of taxation and is not going to meet its objectives like the abolished Angel Tax.

Bharatvarsh – Pilgrim Nation: The Land of Spiritual Wellness Travel

Bharatvarsh: The Destinations for Spiritual Wellness Journeys

Podcast

QuoteUnquote with KK and Dr Devdutt Patnaik, India’s top mythologist and author discusses on our bet #our Bet #22 on mythological/pilgrimage wellness/health that is going to be a major trend in the next 5 years from our 2024 India healthcare and lifesciences investment manifesto. Devdutt, clears the issues on Bharatvarsh, sprituality, spiritualism, the Great Indian Pilgrimage, destinations across Hindu, Jain, Buddhist followers, ancient practices and modern beliefs. He also discusses various emerging counter trends around non-traditional spirituality, conspirituality amongst the extreme rightists and wokes, fake narrative emerging out of AI and ChatGPT and how belief systems are being altered around practice of spirituality and religion.

Excerpts

What is Spirituality?
How is Religion Different from Spirituality?
How is Bharatvarsh defined by Politicians, Pilgrims and Vedas?
Are there Counter Trends to Spiritualism?
How do we address the Saviour Mindset?

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Veda, Weed and Yoga: Is it ‘Xeno’ to XYZ Gen?

Mooring Around the Future of Chips in AI-dominated India

Mooring Around the Future of Chips in AI-dominated India

Podcast

QuoteUnquote with KK and Nitin Dahad, Tech Evangelist, Editor embedded.com, Writer

Also Watch

Raghu Panicker, CEO of Kaynes Semicon, gives us some background to the origins of the current semiconductor industry in India from the 1980s by two key figures: M.J Zarabi and Wally Rhines.

Hitesh Garg, India country manager for NXP Semiconductors, talks about key markets for NXP globally and in India, particularly automotive and industrial. 

Satya Gupta, a veteran of the Indian electronics industry in India. He has several influential roles in the industry and in policymaking

Bhanupriya Krishna, founder and managing director of Perceptives Solutions, talks about the lack of talent for addressing the semiconductor manufacturing industry in India

Pradeep Vajram challenges the current thinking in India to develop chips and IP for India only, highlighting that scale is key for investors in Indian semiconductor startups

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Emerging Resilience in the Semi Conductor Supply Chain

2024 – India Healthcare and Life Sciences Investment Manifesto

2024 - India Healthcare and Life Sciences Investment Manifesto

TV Interview in ET NOW

Coverage in the Press

Express Pharma Q&A : These 40 bests would deliver $30 – $50 bn additional growth to healthcare sector by 2029

Business Standard : Anti-Ageing Tech Likely to Shape Heathcare Demand in Coming Years

2024 India Healthcare and Lifesciences Investment Heatmap

2024 India Healthcare and Lifesciences Investment Heatmap

In 2024, the world will be as uncertain, if not more, as it was and anticipating what will happen next is an ever more challenging task for our Algorithms and our teams. Since 2013, our algorithms have been accurately predicting the investment heatmap in the healthcare and life sciences in India which were predicting with 95% accuracy on the sectoral investment cycle in India till the end of 2019. Since the Covid Pandemic in 2020 we lowered levels of prediction accuracy like we started back in 2013. The fake narratives and echo chambers that were peddled during the pandemic years of 2020-22, that vitiated our predictions during the pandemic years continues in for some other factors. 2023 was even more unpredictable in many ways. Our algos do not penetrate the terrorists, government intelligence and security networks and hence unable to consider events that playouts in the Middle East and impacting geopolitics, investments in Indian Healthcare and Life Sciences to some part of the investment flows from offshore. Hence, we have made attempts to analyse International ‘Geo Politics’ as a separate factor and bolt-on-top of our algo predictive models to adjust our heat map for 2024 to accurately predict whether the heat is on in our 2024 Heat Map.

2024: A Year of Geopolitics than Geo Economics

The biggest political event in India in 2024 will be the Lok Sabha General Elections. Hence H1 2024 will not see any major policy or budgetary directions to the sector till the new Government takes over in New Delhi by June 2024 and then presents its budget. For the first time, in the post pandemic era, almost all global funds, analysts and bankers have a unanimous consensus on India’s positive outlook for 2024, some even covering India as a separate chapter in their reports which was dedicated to China in their Asia Outlook till 2022. However, healthcare and life sciences sub sectors in India have its divergence to the overall India outlook for 2024. We have endeavored to bring out the deeper analysis and specifics out of the broad ‘India Positive’ Outlook for 2024 for the Healthcare and Life Sciences Sector in India.

The wave of optimism for 2024 in Indian healthcare and life sciences stems from the following:

  • The pace of digitization is now veering toward mainstream adoption of Generative Artificial Intelligence (AI) tools and solutions across that are being piloted.
  • New business models/incubation for investments are emerging (see out Future Bets in Healthcare) that will be cross-domain
  • The bills and laws introduced in the Parliament in the Session New Healthcare Bills 2023 Archives | Kapil Khandelwal KK are yet to shape bounce in investments.
  • Muted returns in the private markets will continue in 2024 as the winter of private investments continues in 2024. Let us understand that the best investments tend to occur during times when investment outlooks appear riskier, so the lower prices in many kinds of equity investments might well yield attractive returns over time.
  • Companies listed on the bourses have always underperformed the broader index in the last 2 general elections of 2014 and 2019 by -4.5 to -6.5%. We are expecting the elections results to be neutral this time on the Indian bourses. A few big names to IPO in 2024.
  • With one-third of India’s population now constituting Gen Alpha and Gen Z, the health and wellness aspirations of this cohort is the growing aspirational class that wants to live life post Covid-19 differently and different products and services will serve as the next growth opportunity.
  • The valuations have come back to realistic levels to the pre-covid levels for primary and secondary investments.
  • Debt and equity requirements have stabilised as the cash-crunch situation during the pandemic have ‘normalised’ and so are the return expectations. Both are negatively correlated with yields globally. In other words, investments in equity and its returns will tend to outperform the market, as yields decline.
  • As new Generative AI capabilities emerge, the investments in human capital for newer skills are emerging. Also, newer models of ‘sweat’ equity/debt are emerging.
  • Investments in newer health and wellness solutions to weather climate change are getting exciting. (see out Future Bets in Healthcare).
  • M&A and buyouts are expected to continue, but lower from the peak of 2022.
  • How India plays its geopolitics will also determine the quality and quantum of foreign investments in India in the various sub sectors.

The 2024 India Healthcare and Life Sciences Investment Heat Map is as under:

Healthcare Financing

Newer products for financing healthy lifestyle for the Gen Alpha and Gen Z are emerging. Financing ‘idleness’ and healthy entertainment lifestyle through innovative business models are the key. There is a consumer shift for spending on healthy lifestyle which is a personal investment in longevity of healthy life.

  • 2024 Outlook: Moderate
  • What’s going wrong: slower market/product innovation, right bite for the consumers, reach and penetration to New Gen consumers, financing costs
  • What’s going right: India stack digitisation, uberisation, AI solutions

Medical Education

Valuations are correcting and consolidation activity is accelerating. New regulatory regime will come into force and will require investments in managing the delivery and quality of content. New skills for the new AI tools and newer consumer’s requirements needs is accelerating but not in the curriculum.

  • Outlook: Moderate
  • What’s going wrong: Alignment to new consumers and care, increasing debt burden, new age skills certification, CME with AI-tools
  • What’s going right: Skill-mix churn, upgradation of skills, AI for frontline workers

Med Tech Innovation and Life Sciences Discovery and Clinical Development

Capacity creation and new product development continues as India is now into the China+1 club. Expect a few IPOs this year in this sector. Government grant funding will temper down. Geo polities is a key risk to create supply chain disruptions.

  • 2024 Outlook: Hot
  • What’s going wrong: IP regulation, regulatory bottlenecks on clinical development, newer skill sets for research and acceleration, PLI policy for sub sector, geo politics, supply chain disruptions
  • What’s going right: Human capital, emerging social innovation models, right products selection, market appropriate solution development, peptide based products, chronic diseases product innovation for co morbidities

Pharma and Therapeutic Solutions

Geo politics may affect supply chain and missed topline and profitability estimates. Cost competitiveness like Chinese players to compete globally is the key for growth. Expect a few IPOs, buyouts and exits via secondary sale.

  • 2024 Outlook: Moderate
  • What’s going wrong: price controls, wrong product portfolio, capacity scale up, global or China-level cost competitiveness, exit of PLI incentives, shortage of skilled workforce
  • What’s going right: distribution infrastructure, digital business models, government incentive programs

Healthcare Providers

High levels of leverage is still a concern. Private equity investments slowing down due to valuation expectations. Expect a few IPOs, buyouts and exits via secondary sale. Capacity creation is slowed down due to fund crunch.

  • 2024 Outlook: Moderate
  • What’s going wrong: margin pressures, price controls, execution of programs on the ground, supply and demand mismatch in micromarkets, debt financing costs, gun powder churn, operating cash runway, liquidity and working capital crunch, not exploring newer formats
  • What’s going right: asset-lite models, medical tourism

Healthcare Insurance

Loss ratios and profitability is slowing improving as pricing and products are rationalized. Expect two IPOs of two major players. New products innovation for newer consumer’s requirements is lagging.

  • 2024 Outlook: Hot
  • What’s going wrong: product fit to consumer needs, product approvals, IPOs pricing and valuation
  • What’s going right: Consumer demand, reduced loss ratios

Health Retail

The Pharmacy Bill 2023 brings its own set of challenges. AI pilots once mainstream will reduce costs and margin pressure albeit very slowly. The valuation is still a challenge for raising fund and buy-outs, secondary exits. Expect an IPO.

  • 2024 Outlook: Hot
  • What’s going wrong: regulation, operating margins, spurious social media channels affecting consumer confidence, health UPI, time to scale
  • What’s going right: consolidation, newer cross-vertical innovative business models, profitability focus, AI adoption and models

Wellness

2021 was the highest growth year in the last 10 years on the back of discretionary consumer spending on wellness. Digital business model innovation is still lagging. Medical wellness tourism will be recover in Q3 of 2022. M&A activity and consolidation to continue in 2022 but at a slower pace. Corporate Wellness spends to continue to fuel growth in 2022

  • 2024 Outlook: Very Hot
  • What’s going wrong: regulation, maturity to scale, new mass market business models, repeat sales, spurious social media channels, fake outcome/claims
  • What’s going right: newer cross-vertical innovative business models, corporate wellness spending

Alternative Therapies

New Gen consumers are seeking unique experiences and combing with mental health and rejuvenation as their discretionary spends are increasing.      

  • 2024 Outlook: Very Hot
  • What’s going wrong: maturity to scale, consumer education and confidence, clinical research, new product development, inflated valuation, new mass market business models, repeat sales, spurious social media channels, fake outcome/claims
  • What’s going right: discretionary consumer spending, newer cross-vertical innovative business models, mainstream complementary treatment

Moving Forward

As one iconic smart investor said that one should be investing in healthcare and life sciences because you believe smart investing will yield results that are beneficial for society, not just to enrich oneself.

Happy investing and stay strong!

Also Published in Express Pharma February 2024