Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday, 29 May 2017

RE: L&T Switchgear for Sale


Dear Friends :

Even the doting parents who have nurtured a loving daughter for 25 years , must give her away in marriage , sometimes to a total stranger

Only thing they can do is to pray for her happiness at her “ sasural “ !

Just as we must accept ( gracefully or otherwise ) , the un-stoppable changes in our lives , we must learn to do likewise in our social / professional / economic / political lives

Even the “ inventor “ of PC , the invincible IBM had to sell off its PC business to the Chinese LENOVO !

A proof ( if one was required ) , of “ Kabe Arjun Lootiyo , Wohi Dhanush , Wohi Baan “  !

In today’s industrial world , a hundred such ( traumatic ? ) events are taking place on a daily basis


Warm Regards,

hcp

From: Aravindakshan V [mailto:aravindv1951@gmail.com]
Sent: 29 May 2017 09:00
To: SP Goel
Cc: N Vasudevan; Ramesh Somai; G D Rao; A G Kale; Pervin Kapadia Bhasin; Y K Gupta; Suresh Gandhi; S M Warde; Dilip Bhanage; R Sivaraman; Madan Mandlekar; Ashok Sanil; S D Mande; K Narsaiah; Satish Dhoiphode; Rukmini Bhandary; MVL Narasimhan; Rita Rahimtoola; Subhash Sood; Simple Agarwal; K S Ranganathan; P L Negandhi; Dinesh Shah; Pradeep Talpade; S V Subramanian; S S Ghoshal; R M Yajurvedi; K Natarajan; R D Kulkarni; S W Patwardhan; Ullas Oza; G Ramakrishna; V K Karekar; Vinod Sane; S Ravikumar; K M Raja Sundaram; P D Joshi; Narain Gehani; M Subramaniam; Anil Choudhari; Naresh Berawala; Sampada Inamdar; A M Deshmukh; Haridas Shenoy; Venugopal Menon; N Ramachandran; Rajeev Joshi; Kamlakar Vaishampayan; Prakash Shrungarkar; S Vasudev; Amita Lele; Gajanan Phadke; A G Patkar; N M Kudalkar; H T Mehta; R A Panchal; V M Pherwani; V S Iyer; BVRM Murty; B J Desai; T Syamalan; R Shivaji; varakehdi raghavendran; Atul Shah; M R Madnani; Ramesh Aggarwal; Y R Boghani; V B Ulman; M D Palekar; P G Pande; Bipin Shah; H C Parekh; Vijay Lal; V H Iyer; Larry Neeff - L&T; A Y Divekar; Luis Vas; Gurudatt Kundapurkar; S S Manjeshwar; B Ramachandran; H R Khona; M K Kaushik; C G Karamchandani; Jayant Jeste; Guha Thakurtha; V M Patel; K R Patel; V Mohan; Vivek Shiroor; Babani Chari; Sandeep Desai; J J Shrikhande; S Hariharan; S K Todkar; R Ganesh Rao; Milind Rajopadhye; B B Singh; Raj Kumar Seth; P J Pathak; Viren Shah; John Monteiro; S Rajagopal Naidu; C D Patil; Suresh Deshmukh; Subhash Y Sathe; K T Shah; Venu Account; Sanjay Galwankar; S K Mathur; Rajendra Shirvaikar; Rajat Desai; Bharat Thakur; T R Venkatraman; K R Iyer; M J Paleja; V R Swamy; Arun Khandekar; Satinderpal Ahluwalia; K Rajendran; Arun Kumta; N V Srinivasan; Suniti Desai; Parvathy Seshan; Girish Trivedi; A V Shenoy; PCS Ratnam; P S Moharir; Jairam Khambadkone; A K Ganguly; P D Desai; M D Phatak; C R Mistry; S K Shukla; K A Shaikh; Shernaz Kapadia; K K Shukla; Alok Rastogi; Arun Singasane; Anand Pasarkar; Swapna Chaudary; R I Mehta; P H Sakhalkar
Subject: Re: L&T Switchgear for Sale

sad news.  once up on a time, switchgear was bread and butter of L&T.

Aravind

On 28-May-2017 9:40 pm, "SAT GOEL" <satgoel1947@gmail.com> wrote:
Dear friends,

Having seen switchgear business at L&T since 1957 let me share me share my views.

1. The large investment in heavy workshop was made possible from the profits earned by the switchgear business in the sixties.

2.  After Mr Gunnar Hansen left L&T in 1974, there was no Godfather for Switchgear in the company.

3.  The type of horizontal and vertical growth we witnessed in other groups, was not visible in switchgear.

4.  There are many businesses in which L&T has invested and losing money. L&T should get out of those before quitting from switchgear business. Most ( not all)  associate and subsidiary companies are losing money and they are being supported by the main L&T operations. 

5.  The valuation at Rs 2,500 crores for turnover of approximately Rs 3,500 crores appears high. The assets and liabilities need to be studied in greater details. 

I will not invest on the basis of sentiments. 

Best regards,

Sat Goel

On Sunday, 28 May 2017, Haridas Shenoy <hrshenoy1941@gmail.com> wrote:

L&T Switchgear is up for sale for about Rs 2,500 crores.

Shouldn't ex-employees and current employees not form a company, contribute say Rs 10 lakhs each (25,000 employees) and buy out the Switchgear Business?


HR Shenoy, 7666128505
Co-Founder, Tejora Technologies Limited, tejora.com

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