BILLION DOLLAR DISCUSSION (Kishore Biyani, Rakesh Jhunjhunwala, Sachin Bansal...)

BILLION DOLLAR DISCUSSION with Rakesh Jhunjhunwala, Sachin Bansal, Kishore Biyani, B.S. Nagesh, Ramanathan Hariharan, Mohit Pande
►Moderator - B.S. Nagesh, Chairman-RAI; Founder - TRRAIN
►Speakers:
Kishore Biyani, Group CEO, Future Group;
Mohit Pande, Country Head - South East Asia and India, Google for Work;
Rakesh Jhunjhunwala, Ace Equity Investor;
Ramanathan Hariharan, Group Director & Board Member, Landmark Group
Sachin Bansal, Co-Founder & Executive Chairman, Flipkart
►About B.S. Nagesh:
B. S. Nagesh is an Indian businessman, and the founder of TRRAIN- Trust for Retailers and Retail Associates of India. He is the chairman of Shoppers Stop, having been with department store since its inception in 1991.
►About Rakesh Jhunjhunwala:
Rakesh Jhunjhunwala is an Indian Billionaire Investor and Trader. He is a Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run" and by The Economic Times as "Pied Piper of Indian bourses".
As per Forbes, he is the 54th richest person in India, with a net worth of USD 3 billion (as of June 1, 2018).
►About Kishore Biayni:
Kishore Biyani is the Founder and Group Chief Executive Officer of Future Group, one of India’s leading consumer goods organizations focussed on the food, FMCG and fashion sectors in India. In 2001, Kishore led the creation of Big Bazaar, a uniquely Indian hypermarket network that connects thousands of small and large manufacturers to millions of customers. Big Bazaar today is counted among the most trusted brands in the country. Since then, a number of retail chains have become part of Future Group. These include fashion chains such as Nb, Central and Brand Factory, neighborhood convenience store chains, Nilgiris, Heritage and EasyDay and various digital platforms. Collectively, these are spread over 20 million square feet of retail space in over 240 cities and towns in almost every state of India. Future Group stores attracted over 400 million customer visits annually.
►About Mohit Pande:
A computer engineer and an MBA by education, Mohit has over 18 years of experience in the Information Technology Industry across India and South East Asia. Starting his career as a software developer, Mohit worked in a startup, and companies like Novell and Microsoft before joining Google. He has extensive experience in working on emerging technologies like Cloud and helping customers realize their potential with the same. In his current role, Mohit is responsible for driving Google for Work business in India and South East Asia. He works to help businesses across the region move to and make the most of Google’s cloud-based tools.
►About RLS:
Retail Leadership Summit (RLS) is the biggest knowledge sharing platform organized by the industry, for the industry. It brings together all the stakeholders of retail for a common dialogue on the way forward. Over the years, it has come to be known as a premier platform where the biggest and brightest convene to exchange ideas, share business insights and deliberate on all things retail on a macro-level. Retail professionals flock to RLS as it is one of the most effective networking platforms where they get a chance to meet peers, potential partners, and industry leaders. Be it a retail professional, service provider, retailer or a business management student, RLS has something for everyone.
►About RAI:
Retailers Association of India (RAI) is the unified voice of retailers in India. A not for profit organization, RAI works with all stakeholders for creating the right environment for the growth of the modern retail industry in India. We encourage, develop, facilitate and support retailers to modernize and adopt best practices that will delight customers.
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►Official RLS website: rls.net.in/
►Official RAI website: rai.net.in/
►OfficialGlobalLinker website: rai.globallinker.com/login
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►Follow us on Instagram: / rai_india
►Connect with us on LinkedIn: / retailers. .
#Retail #Billionaires #RLS2016

[@NaseemKhan-oh4rw]

I can go on listening to Mr. Rakesh Without Pausing Him For Hours

[@ayanbanerjee4119]

BEST LINE BY SIR RAKESH JHUNJHUNWALA “DON’T FORGET GOD CAN TAKE IT WAY ANY DAY”

[@Atharva3don]

Bajuwale ka le liya na

[@atikshagarwal5147]

Biyani ka le liya

[@SwapyBond]

Rakesh before leaving home : Aaj toh Bansal ki leke rahunga.

[@RanKBoosTsShubhamKumar]

kzbin.info/www/bejne/eXXEgnife8ein5o

[@anilvashist6758]

Rakesh Jhunjhunwala was universally loved because he was also so Earthy and Humble. He said, "Don't forget that God has given it to you and that God can take it away". Not everyone on the then stage can be (or is) there today. 🕉🕉🕉

[@rajeshd2688]

Hahaha....i m pretty sure this conversation was the first time ever Sachin Bansal had doubts about his business model n within two years he sold his share in 😆Flipkart

[@VS-hs1pb]

Lol, he is clearly thinking " I wish these uncles had a glimpse of computer science and how deliveries become more efficient with more users"😂😂

[@VijaySingh-wt1sp]

@@VS-hs1pb and they wish he knows that business runs on profits unlike his venture wich even to this date after close to a decade yet still no profit as rj said in 19:48 when will they show profits .

[@digitalkhabrein]

Love the video! Hahahahaha Rakesh Sir is so funny...big fan

[@TheRAIvideos]

We’re glad that you liked the video. Do check out other videos on our channel.

[@SubrataSen38]

Moral of the story is whether you are online or offline ... Big companies are always there to acquire you 😎😎

[@VS-hs1pb]

😂😂😂

[@seeingahead]

I think this will (eventually) age like a fine wine.

[@rkdambigam6460]

Lots of bullying on online newbie's, can visibly see sachin was quite humble to hear from business legends. That shows Bansal maturity in the online industry.

[@fawa.z]

This also shows how the established attack the newbies instead of empowering. India is still a poor minded country at the core.

[@shubhamranjan8293]

That grind should be necessary in order to grow because world is not a fair place to be in. You have to be ready for the battle.

[@vishalrajput7099]

Great rakesh jhunjhunwala..... 4:13

[@TheRAIvideos]

We're glad that you liked this video. Do check out other videos on our channel.

[@rishabhgang]

Sachin will never come alone

[@osaidbutt]

Amazing video! The billion-dollar panel is just too good to be true.

[@TheRAIvideos]

Thank you so much! We’re so glad that we could get you this video.

[@mahjabeenbutt9012]

Wow. Amazing video. Very informative.

[@shreyashkale.3137]

Gr8 Recommendation by KZbin Anyone in 2020 ?

[@akasht2620]

Anchor(2016): Will we have wires 5 years from now ? Youth(2020): JCB videos trending over KZbin.

[@SPARSHTALKS]

😂

[@rajpatel2793]

😂😂😂😂

[@ravindertalwar553]

Life is just to love and to be Loved 💓💓 Love alone can Conquer the World.

[@harendrasingh_22]

42:49 yeah nehru place I have seen such companies ! Really big bussinesses in small places ! And thet've their own brands.

[@VS-hs1pb]

Hahaha Biyani talkin'about buying out online... had to sell to Mota bhai 😂😂

[@sankitasaha9544]

Really i enjoy.. thanks to the RAI to provide the opportunity to hear these real star's opinion..

[@elegantboss7546]

And who won....Future Retail bought by AMAZON! And Walmart bought Flipkart! back to equal

[@jagatdave]

Flipkart won..because their concept got recognition

[@tarunsingh2982]

We are discussing so much about customers, service, technology, cost of business, ROI, etc. How many retailers are really taking care of customers? When you go to physical stores, the sales staff is not even aware about product, price or in many cases not even available on floor in many cases. We should first address the core / key concern of serving the customers who are coming to our stores.

[@saideepmenon3277]

They are so inspiring...loved the video!

[@TheRAIvideos]

We're glad that you liked this video. Do check out other videos on our channel.

[@pubggames3765]

thank you

[@lightyagami5760]

Flipkart still in loss

[@iAmLavri]

Online retailing is all about: 1. mass customer acquisition (buying behavioral change) and 2. operational excellence (ability to sell cheaper) to reduce the cost of doing business. Sachin Bansal you are a true gentleman here. When lot of people are questioning you, you are going to get something big.

[@VivekVorani]

Rakesh Junjhunwala ne Bansal ki full on le li.... and Bansal doesn’t have a single answer. Biyani and Rakesh are real businessmen.

[@qwertyyuuiipopasdfgh]

Sachin bansal is giving respect

[@VS-hs1pb]

Biyani ka baja baj gaya hai 😂. He wanted to buy out both online and offline 😂... Now sold to mota bhai

[@TheEvilspirit91]

Biyani k gand me bamboo lag gaye na mota bhai ne puri maar li.. 😂😂😂

[@sanketpatil7464]

And the question of when the profitability is gonna come was never answered😂

[@rishabhgang]

Sanket Patil will come to investors by listing it in public, doing offer for sale to MF and we will buy MF😂😂😂

[@shubhamshinde-of9gf]

Chor ko pucho ki chori kyu kar raha hai???

[@shubhamshinde-of9gf]

@@rishabhgang they can't be listed on indian stock market... Because basic criteria for listing of sebi is profitability of last 3 years... So dont worry... They will be trap in their own net..

[@JJHNEWS]

Great video! Worth more than a billion dollars

[@thenikhilanna17]

Roles reversed... Arrogance can destroy you!... Corona was death of Retail brick and motor

[@sstwithsanjaybarnwal5910]

Jhunjhunwala is right..Biyani ki barbadi best example h..jabtak dhandha fayda n de sell ka koi matlb nhi..

[@gauravchoudhary4218]

I support Mr Jhunjhunwala's view.

[@ashish1044]

ok

[@rithikshetty1538]

Amazing discussion

[@TheRAIvideos]

Thank you so much!

[@aakashmishra6598]

4:00 Rakesh Jhunjhunwala v/s Sachin Bansal

[@rekhadey5105]

I watch it again and again ........really enjoy

[@TheRAIvideos]

We're glad that you liked this video. Do check out other videos on our channel.

[@pushkarnayak7163]

Sachin Bansal be like : mai madaarchod hu jo yeha aya 😂😂😂

[@VS-hs1pb]

Actually this video gave him a victory to remember 😝. He is richest among them all.

[@kashyap263]

@@VS-hs1pb in terms of liquid money ?

[@VS-hs1pb]

@@kashyap263 Yes

[@dhoni7631]

Nope Sachin got around $1 billion usd while when Rakesh Jhunjhunwala died he had $5.8 billion USD

[@harendrasingh_22]

I saw a clip at the end of then , ReCon something gen-Z consumers , can I become a part of that panel? How? Can someone from RAI please reply.

[@Max-dy4nh]

Kishor is a poor man today...!!

[@harendrasingh_22]

38:50 true.

[@harendrasingh_22]

20:39 thats for profitable bussiness not valuation based ones !.

[@varunthakur4193]

Mr junjunwala nailed it you cannot argue or underestimate the big bull

[@VS-hs1pb]

LOL, Walmart, Tata Ambani trying to enter online. Biyani out. Jhunjhunwala nailed what? Sachin Bansal net worth = 4 * RJ 😂

[@sagarsaxena6318]

@@VS-hs1pb not really. SB's networth is 2 BUSD at the most. RJ is ~5-6 BUSD. I don't think your point was correct even at the time you posted.

[@VS-hs1pb]

@@sagarsaxena6318 in July 2020 RJ was at around 2B. And Bansal had 1B. So only the figure was wrong. But also consider the age gap. Plus, Sachin noe has Navi. Eventually he's going to leave behind RJ.

[@nitsir125]

Flipkart list karao stock market me Dudh ka dudh Pani ka Pani ho jayega Paytm ki tarah

[@VijaySingh-wt1sp]

@@VS-hs1pb there is a difference between a investors net worth and founders net worth. rj can sell all his shres in one day it's pure liquid asset while Sachin Bansals net worth is stick to his company wich has no real time profit its just speculation.i guess you have no knowledge of finance and rjs net worth is more than half a dozen billion .

[@sawaria123]

At 20:00 RJ is very blunt on how to do biz.

[@tankasharma5381]

But online will rock withinn two years ..... Now a days shopping is a fashion ...not only needs ......

[@ravindertalwar553]

I LOVE MY BEAUTIFUL INDIA AND ALL INDIANS OF SOVEREIGN, SOCIALIST, SECULAR, DEMOCRATIC AND REPUBLIC OF INDIA.

[@booksmountain4031]

Lovely!

[@TheRAIvideos]

Thank you so much!

[@harendrasingh_22]

oh he's Latif Nathani , eBay India MD.

[@ravindertalwar553]

LIFE IS A WONDERFUL OPPORTUNITY AND AN AMAZING JOURNEY.IT MUST BE APPRECIATED AND CELEBRATED HAPPILlY HOPEFULLY AND ABUNDANTLY

[@sathishakavaram4746]

Now future grp got sold and flipkart is the numberone ecommerce 🤣..all jokes done by future grp owner

[@aayushraikhere6434]

Mr jhunjhunwala ne leli sabki.

[@harendrasingh_22]

26:40 love this guy's hypothesis sometimes ! Sometimes hes just insane and shit but yeah he is awesome !

[@harendrasingh_22]

13:11 love it ! True ! lol Biyani ko hi biyani ka bol raha lol

[@harendrasingh_22]

25:17 spencers tried and backedoff from that !

[@EntertainingVideoGames]

Too good loved it

[@TheRAIvideos]

Thank you so much! We’re really delighted to have been able to get this video to you.

[@EntertainingVideoGames]

@@TheRAIvideos The pleasure is all mine.

[@TheRAIvideos]

@@EntertainingVideoGames stay tuned for more amazing content.

[@prakhargarg25]

Rakesh sir is looking with a short term vision. Yes online companies arnt profitable and maybe soon they might even get bankrupt but the fact is that the online influence is increasing day by day. Ola uber has made us so comfortable that now we almost relay on them. Now we even have companies like rapido and vogo.

[@shekharpopli9218]

Comfortable provide kra diya usne teko fir kya jab woh rate badayege unki services ka ya jab woh bolege abhi profitable business krna hai tab comfort chala jaayega Rakesh sir ka point tha ki profitable pricing pe bhi toh comfort dila sakte ho na Aur jab non profitable pricing pe comfort dila diya hai toh jindagi bar non profitable hi rehna padega comfort dilane ke liye

[@rajendrakulkarni5554]

Jabardust discussion specialy Zunzunwala. Thats the fact.

[@VS-hs1pb]

Discussion kaha hai? Wo akela hi to bol rha hai😂

[@fawa.z]

, most Indian entrepreneurs fear losing business.

[@harendrasingh_22]

bhaskar bhatt is titan MD , rakesg's bigest holding and they sell online everywhere.

[@nagarajn6843]

Most of their sales from offline even today and it might go up in future which is debatable

[@zedwhy654]

26:30 BUT CORONA HAD DIFFERENT PLANS

[@kesehow]

Missing R.K. Damani

[@saphana4688]

Me too

[@SubrataSen38]

He is busy building his retail...

[@MELODIOUSMasala775]

He hates to be celebrity

[@sudiptaranjanpatra1876]

@@MELODIOUSMasala775 yup, he is a quite guy. A legend of sorts not a single store he had opened has seen closure. Biyani in covid times was worst hit retailer even before a lot of his Big Bazar outlets have seen closure.

[@captainamerica8804]

So someone asked if Flipkart can be a threat to Times Of India? The host found this to be the best question and forwarded it to Sachin for getting it answered. Sachin was like OMG what a stupid question and what am I supposed to answer. And RJ even asked HOW? The host really screwed this whole event. No proper planning, no buffer time to allow extending the event in case something interesting happens.

[@yuvrajpaidipati7604]

Retail has changed now in India . Only few big players. No fun

[@anuragchandnani8037]

Awesome show or the event you can call it. Good insights. However, I am not a fan of the anchor..

[@sowhjfnalknfalknflnfln]

5:00

[@TheRAIvideos]

We're glad that you liked this video. Do check out other videos on our channel.

[@harshitrastogi866]

And now Ambani's are buying big bazaar

[@VS-hs1pb]

Lol, sachin be like: " I wish these uncles had a glimpse of computer science and how deliveries become more efficient with more users - network effect"😂😂

[@VijaySingh-wt1sp]

Well they were right tough it's 2022 7 years after the release of this video yet where is the profits of Flipkart every quarter it's showing more and more loss just wiping out investors money no real profit neither a real time growth soon in this decade only it will shut down too .and that too trying to compete with Amazon

[@ravindertalwar553]

GREETINGS AND REGARDS FROM RAVINDER TALWAR JALANDHAR CITY PUNJAB INDIA

[@Bas_ke_bahar]

Flipkart to bika but big bazar bhi bikne ke kagar pe hai kiranawala is still OP

[@siddharthbhadauria98]

come 2020 biyani sold future group

[@jagadishtadpalli1349]

🇮🇳🇮🇳🇮🇳

[@KunalGuptaYouTubechannel]

Sachin sounds like nana patekar , anyone else?

[@stamarketing4396]

Seeing if after 5yrs...how true is Mr. Rakesh's statement for Mr.Biyani..."Don't forget God can take it away any day". Now there is almost NO EXISTENCE of Biyani empire in Off line retail business for which he was called Shahenshah.

[@ShreyashPatil1811]

Ha bhai kuch bhi ho sakta hai iss world me.

[@maheshpatkar886]

Sitting in 2021 I am sure Rakesh Jhunjhunwala has been proved wrong

[@kalganmukesh]

Switching from Art and humanities to finance and economics on KZbin is really a fun !

[@Soumya00077]

And look today who had the last laugh ??

[@sawaria123]

Jhunjhunwala have no idea about new age biz. He must learn about Amazon.

[@saphana4688]

No sir .... Please listen once again what he said and try to relate

[@VS-hs1pb]

Jhunjhunwala is in the business of making money. Plus he is uncle. He wouldn't have understood until Bezod became the richest 😂

[@dhoni7631]

Bezos was monopoly. He said that when he started his business he wanted to create monopoly for online retail. And now Amazon has retail shops 😂

[@ravindertalwar553]

ALMIGHTY GOD WILL DEFINITELY SET EVERYTHING IN ORDER AT THE EARLIEST PLEASE.

[@C02754]

Rakesh seems to be like he's sitting among his 2 Am Gujrati homies ....& Almost forgot he's on a panel discussion

[@CartoonistVikrant]

Plz ask some questions from the crowd.we are not going to answer. 😁

[@YashPatel-mb8pm]

This Was before jio Currently it would be different Debate

[@dhoni7631]

It’s still same

[@ayanbanerjee4119]

If the question is about being retail being offline or online why the richest man in the world Jeff Bezos & His company Amazon is he off-line or is he online? Online has some inconvenience off-line also had some inconvenience I respect Rakesh Jhunjhunwala and Kishore Biyani but this panel was totally biased

[@rishabhmalhotra3919]

I also have a great knowledge expierence but i m 25 aur mujh par loan hai 300000 ka

[@shivamroy4075]

And we are here today..can't say about Bansal but Flipkart is winning.

[@captainamerica8804]

The host was not ready to allow RJ to speak, neither allowed the audience to ask questions freely. Couldn't understand what was the purpose of hosting this event.

[@kapiljisoni]

Very very very true words - by Mr. Rakesh Jhun Jhun wala..

[@saurabhsalvi8970]

1 best example i want to share (my real life incident) I wanted to buy a good laptop for my software works during this lockdown...i searched some good laptops and picked one...i checked its price on Amazon it was 95,000 rs...i told my father I want to buy..but buying an electronic product online, as a buyer i thought is a bit risky...that product might have any fault...and i can't trust him blindly...cause I can't deal the seller face to face and the only option was just referring reviews...so finally next day i went to offline market and I bought that same laptop for 1,15,000 rs yes !!!!

[@ska9448]

😂

[@ayushthakur6728]

And lost 20k

[@harendrasingh_22]

31:21 he's like in dono me se one will go bankrupt but I'll stay !.

[@VS-hs1pb]

😂😂 and the irony he is out

[@jaidev4672]

He just know how to make money in stock market... Nothing more than that. He has no mercy with retail investor.. .. as the past big bull had..👍 look at his every interview ... he will advise nothing.... Few times he says I never told my wife that what I am going to do.... Then guess what he will advise you..😀 I feel his step in aviation will tell him...👍

[@Raahulsingh]

God has seriously took all the money of kishore biyani away ..

[@insidetech9113]

1;22 Don't forget he can take it away ;r8 Now future retail market cap is 2800cr nd He(God) is taking 🙄

[@rajpatel2793]

Who is compering kishor's speech ( 12:50 ) in 2020 😂😂 can you relate this to the future group ?? 😂😂

[@VS-hs1pb]

😂😂

[@ayushraina1102]

Bhai he is a intelligent businessman he creates brands and then sells them

[@rajpatel2793]

@@ayushraina1102 bhai woh pehle nai batata yeh sab.... Investors apne paise loss karta he iski company me..

[@rohanparashar9977]

Sachin be like🤔🤔🤔 Offline hi tik hai....

[@bullishness6343]

Kishore Ka 2021 me kat gya aaj bechare ko koi kharid bhi nhi rha bankrupt ho gya kata

[@sudiptaranjanpatra1876]

No, Ambani bought him.... Amazon was trying to get him but Ambani ne Amazon ki kat li.

[@harendrasingh_22]

36:26 at the end of the day sachin is the richest guy amognst them ! Can literally buyout these guys :P ! (Well not really but yeah ! , atleast spencers he can buy out.).

[@sjvmsj]

Are you out of your mind? He is the least rich.

[@naeemf6019]

Exactly but he is younger to all of them too

[@SuperRedux]

Mere Bacche, pehle thoda research kar le phir bolna Rakesh Jhunjhunwala - 4.6 billion USD Kishore Biyani - 1.78 billion USD Sachin Bansal - 1.2 billion USD Rakesh Jhunjhunwala and Kishore Biyani can buy Sachin Bansal as their personal servant and still be filthy rich

[@sudiptaranjanpatra1876]

@@SuperRedux What he is talking about is valuation. Just because you are valued at 1 Billion dollar doesn't make your worth a billion dollar. Also flipkart is not even publicly traded, IPO is yet to happen. Whatever flipkart is valued at is due to the Softbank Investment and now Wallmart.

[@sahilsadekar7296]

Biyani ka le liya wapas Bhagwan ne...

[@atikshagarwal5147]

Lol 🤣

[@bullishness6343]

Walmart me bada bhari ukhar liya Jo Kishore biyani ji 1500 store ne me hi chor par aa gye

[@abhilashgundlapally]

Roast Master Rakesh Sir

[@amol5463777]

Mr biyani seemed over confident and i know it all attitude. Things however Turned v different by 2022

[@nikhilpatil636]

Sachin's net worth is more. he won the debate

[@vikasc89581]

580 crores USD (2021) is of rakesh while sachine has 110 crore as per fobes

[@harendrasingh_22]

19:19 lol.

[@Piyushtrades]

Was this a roast?